How does FML's PS Ratio compare to its peers?

FML is good value based on its Price-To-Sales Ratio (0.7x) compared to the peer average (14.1x).

How does FML's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

FML is good value based on its Price-To-Sales Ratio (0.7x) compared to the Australian Metals and Mining industry average (60.1x).

What is FML's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

Insufficient data to calculate FML's Price-To-Sales Fair Ratio for valuation analysis.

What is the Fair Price of FML when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Insufficient data to calculate FML's fair value for valuation analysis.

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Insufficient data to show price forecast.

FML Stock Overview

Engages in the exploration and development of gold in Western Australia. More details

FML fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	0/6
Dividends	0/6

Risk Analysis

Earnings have declined by 19.7% per year over past 5 years

Has less than 1 year of cash runway

Does not have a meaningful market cap (A$47M)

My Notes

Capture your thoughts, links and company narrative

Focus Minerals Limited Competitors

Auric Mining

ASX:AWJ

AU$49.8m

Ionic Rare Earths

ASX:IXR

AU$30.7m

Nexus Minerals

ASX:NXM

AU$22.4m

Mandrake Resources

ASX:MAN

AU$13.8m

Price History & Performance

Summary of share price highs, lows and changes for Focus Minerals
Historical stock prices
Current Share Price	AU$0.18
52 Week High	AU$0.20
52 Week Low	AU$0.11
Beta	1.12
1 Month Change	5.88%
3 Month Change	38.46%
1 Year Change	2.86%
3 Year Change	-42.86%
5 Year Change	-25.00%
Change since IPO	-44.62%

Recent updates

Shareholder Returns

	FML	AU Metals and Mining	AU Market
7D	0%	0.3%	0.7%
1Y	2.9%	-20.7%	6.8%

Return vs Industry: FML exceeded the Australian Metals and Mining industry which returned -19.8% over the past year.

Return vs Market: FML underperformed the Australian Market which returned 7.5% over the past year.

Price Volatility

Is FML's price volatile compared to industry and market?
FML volatility
FML Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	10.6%
Market Average Movement	8.0%
10% most volatile stocks in AU Market	16.8%
10% least volatile stocks in AU Market	3.0%

Stable Share Price: Data is not available.

Volatility Over Time: Insufficient data to determine FML's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1978	n/a	Wanghong Yang	www.focusminerals.com.au

Focus Minerals Limited engages in the exploration and development of gold in Western Australia. It holds a 100% interest in the Coolgardie gold project located on the western side of the Archaean Norseman-Wiluna Greenstone belt within the Coolgardie Domain; and the Laverton gold project located in the Yilgarn Craton of Western Australia. The company was incorporated in 1978 and is headquartered in East Perth, Australia.

Focus Minerals Limited Fundamentals Summary

How do Focus Minerals's earnings and revenue compare to its market cap?
FML fundamental statistics
Market cap	AU$47.28m
Earnings (TTM)	-AU$15.64m
Revenue (TTM)	AU$70.69m

0.7x

P/S Ratio

-3.0x

P/E Ratio

Is FML overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FML income statement (TTM)
Revenue	AU$70.69m
Cost of Revenue	AU$46.08m
Gross Profit	AU$24.61m
Other Expenses	AU$40.25m
Earnings	-AU$15.64m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.055
Gross Margin	34.82%
Net Profit Margin	-22.13%
Debt/Equity Ratio	174.1%

How did FML perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 08:52
End of Day Share Price	2024/12/20 00:00
Earnings	2024/06/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Focus Minerals Limited is covered by 2 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Mike Millikan	Euroz Hartleys Securities Limited
Peter Arden	Ord Minnett Limited

FML Stock Overview

Risk Analysis

Focus Minerals Limited Competitors

ASX:AWJ

AU$49.8m

ASX:IXR

AU$30.7m

ASX:NXM

AU$22.4m

ASX:MAN

AU$13.8m

Price History & Performance

Recent News & Updates

Focus Minerals Limited, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.014 loss in FY 2022)

First half 2023 earnings released: AU$0.045 loss per share (vs AU$0.012 loss in 1H 2022)

Less than half of directors are independent

Focus Minerals Limited Announces Results of the 2022 Ore Reserve Update for the Coolgardie Gold Project (Coolgardie)

First half 2022 earnings released: AU$0.012 loss per share (vs AU$0.017 loss in 1H 2021)

Recent updates

Focus Minerals Limited, Annual General Meeting, May 22, 2024

Full year 2023 earnings released: AU$0.01 loss per share (vs AU$0.014 loss in FY 2022)

First half 2023 earnings released: AU$0.045 loss per share (vs AU$0.012 loss in 1H 2022)

Less than half of directors are independent

Focus Minerals Limited Announces Results of the 2022 Ore Reserve Update for the Coolgardie Gold Project (Coolgardie)

First half 2022 earnings released: AU$0.012 loss per share (vs AU$0.017 loss in 1H 2021)

Focus Minerals Limited Provides Update to Its Plan to Resume Mining Operations At the Coolgardie Gold Project

Focus Minerals Announces Updated and New Mineral Resource Estimations for the Patricia Jean and Jolly Briton Deposits

Less than half of directors are independent

Focus Minerals Limited, Annual General Meeting, May 27, 2022

Focus Minerals Limited Announces Resignation of Zhaoya Wang as Executive Director, Effective April 30, 2022

Beasley Creek South Mineral Resource Update

Less than half of directors are independent

Theta Gold Mines Limited (ASX:TGM) cancelled the acquisition of Focus Minerals Limited (ASX:FML) from Shandong Gold International Mining Corporation Limited and others.

Focus Minerals Announces Maiden Mineral Resource Estimate for the Lancefield Far North Deposit, Part of the Company's Laverton Gold Project

Focus Minerals Limited Announces CNX Mineral Resource Update

Less than half of directors are independent

Focus Minerals Provides an Update on Activities to Prepare for A Resumption of Gold Mining Operations At the Coolgardie Gold Project

First half 2021 earnings released: AU$0.017 loss per share (vs AU$0.029 loss in 1H 2020)

Focus Minerals Announces Resource Update for Coolgardie's Alicia Gold Deposit

Focus Minerals Limited Announces CNX's Mineral Resource Increases 30% in Major Boost for Coolgardie Gold Project

Focus Minerals Limited Announces Mineral Resource Updates

Focus Announces Progressing with Coolgardie Gold Project Approvals

Focus Minerals Announces Latest Round of Exploration Drilling Results at its Laverton Gold Project

Focus Minerals Limited Provides Exploration Update on Coolgardie Gold Project

Full year 2020 earnings released: AU$0.043 loss per share (vs AU$0.011 loss in FY 2019)

Focus Minerals Limited Reports Laverton Stage 1 Open Pit PFS Progressive Results

New 90-day low: AU$0.33

Focus Minerals Limited Appoints Mr. Lingquan Kong as an Additional Director

Focus and CARE Terminates Laverton Joint Venture

Focus Minerals Limited Provides Update on Large-Scale Mineral Resource at Coolgardie's CNX Deposit

Focus Minerals Limited Appoints Fengfan Sun as Chief Financial Offer

New 90-day low: AU$0.37

Focus Minerals Limited Announces Board Changes

Focus Minerals Limited Announces Resignation of Zaiqian Zhang as CFO

Focus Minerals Announces Significant Mineral Resource Increase for the Karridale Gold Deposit

Focus Minerals Ltd. Announces Results of the Coolgardie Pre-Feasibility Study Refresh and Ore Reserve Upgrade

First half earnings released

New 90-day high - AU$0.45

FMR Investments Pty Ltd completed the acquisition of the sub-lease portion of M15/154 from Focus Minerals Limited (ASX:FML).

Shareholder Returns

Price Volatility

About the Company

Focus Minerals Limited Fundamentals Summary

0.7x

-3.0x

Earnings & Revenue

Company Analysis and Financial Data Status

Data Sources

Analysis Model and Snowflake

Industry and Sector Metrics

Analyst Sources