company background image
FRB

Firebird MetalsASX:FRB Stock Report

Market Cap

AU$26.5m

7D

-5.8%

1Y

n/a

Updated

22 Oct, 2021

Data

Company Financials
FRB fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

FRB Overview

Firebird Metals Limited engages in the exploration and evaluation of manganese properties in Australia.

Price History & Performance

Summary of all time highs, changes and price drops for Firebird Metals
Historical stock prices
Current Share PriceAU$0.48
52 Week HighAU$0.41
52 Week LowAU$0.84
Beta0
1 Month Change-18.49%
3 Month Change-17.80%
1 Year Changen/a
3 Year Changen/a
5 Year Changen/a
Change since IPO-18.49%

Recent News & Updates

Shareholder Returns

FRBAU Metals and MiningAU Market
7D-5.8%-0.3%0.7%
1Yn/a12.5%21.4%

Return vs Industry: Insufficient data to determine how FRB performed against the Australian Metals and Mining industry.

Return vs Market: Insufficient data to determine how FRB performed against the Australian Market.

Price Volatility

Is FRB's price volatile compared to industry and market?
FRB volatility
FRB Beta0
Industry Beta0.97
Market Beta1

Stable Share Price: FRB is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 12% a week.

Volatility Over Time: FRB's weekly volatility (12%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2016n/aPeter Allenhttps://firebirdmetals.com.au

Firebird Metals Limited engages in the exploration and evaluation of manganese properties in Australia. The company’s flagship project is the Oakover Manganese project that includes one granted exploration license and two exploration license applications covering an area of 360 square kilometers located in the East Pilbara Manganese Region, Western Australia. The company was incorporated in 2016 and is headquartered in Subiaco, Australia.

Firebird Metals Fundamentals Summary

How do Firebird Metals's earnings and revenue compare to its market cap?
FRB fundamental statistics
Market CapAU$26.47m
Earnings (TTM)-AU$3.39m
Revenue (TTM)n/a

0x

P/S Ratio

-7.8x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FRB income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$3.39m
Earnings-AU$3.39m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.062
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did FRB perform over the long term?

See historical performance and comparison

Valuation

Is Firebird Metals undervalued compared to its fair value and its price relative to the market?

5.36x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate FRB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate FRB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: FRB is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: FRB is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FRB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FRB is overvalued based on its PB Ratio (5.4x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Firebird Metals forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.07%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Firebird Metals has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Firebird Metals performed over the past 5 years?

-417.7%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: FRB is currently unprofitable.

Growing Profit Margin: FRB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if FRB's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare FRB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: FRB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: FRB has a negative Return on Equity (-68.7%), as it is currently unprofitable.


Financial Health

How is Firebird Metals's financial position?


Financial Position Analysis

Short Term Liabilities: FRB's short term assets (A$3.9M) exceed its short term liabilities (A$203.0K).

Long Term Liabilities: FRB's short term assets (A$3.9M) exceed its long term liabilities (A$56.4K).


Debt to Equity History and Analysis

Debt Level: FRB is debt free.

Reducing Debt: FRB had no debt 5 years ago.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: FRB has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: FRB has sufficient cash runway for 2.8 years if free cash flow continues to grow at historical rates of 1.4% each year.


Dividend

What is Firebird Metals's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate FRB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate FRB's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if FRB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if FRB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of FRB's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

0.8yrs

Average board tenure


CEO

Peter Allen

no data

Tenure

Mr. Peter Allen is Chief Executive Officer and Managing Director at Firebird Metals Limited. He serves as Director at Firebird Metals Limited since March 01, 2021. He is currently the marketing manager of...


Board Members

Experienced Board: FRB's board of directors are not considered experienced ( 0.8 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: FRB only recently listed within the past 12 months.


Top Shareholders

Company Information

Firebird Metals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Firebird Metals Limited
  • Ticker: FRB
  • Exchange: ASX
  • Founded: 2016
  • Industry: Steel
  • Sector: Materials
  • Market Cap: AU$26.469m
  • Shares outstanding: 54.58m
  • Website: https://firebirdmetals.com.au

Location

  • Firebird Metals Limited
  • 513 Hay Street
  • Suite 20
  • Subiaco
  • Western Australia
  • 6008
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:51
End of Day Share Price2021/10/22 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.