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Updated 1d ago
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Fortress Minerals LimitedCatalist:OAJ Stock Report

Market Cap S$117.7m
Updated 1d ago
Share Price
n/a
1Y-4.3%
7D-6.3%
1D-4.3%
Portfolio Value
​
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Fortress Minerals Limited

Catalist:OAJ Stock Report

Market Cap: S$117.7m

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Fortress Minerals (OAJ) Stock Overview

An investment holding company, engages in the exploration, mining, production, and sale of iron ore concentrates. More details

OAJ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health6/6
Dividends2/6

Rewards

Price-To-Earnings ratio (8.7x) is below the SG market (13.1x)

Earnings grew by 60.3% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 1.9% per year for the next 3 years

Volatile share price over the past 3 months compared to the SG market

Does not have a meaningful market cap (SGD118M)


OAJ Community Fair Values

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S$
Current Price
S$0.2350.0% overvalued intrinsic discount
%/yr
Decrease
Increase
PastFuture-289k75m2016201920222025202620282031Revenue US$74.6mEarnings US$11.7m
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Fortress Minerals Limited Competitors

Tat Seng Packaging Group

Symbol: SGX:T12
Market cap: S$141.5m

New Toyo International Holdings

Symbol: SGX:N08
Market cap: S$87.7m

EnGro

Symbol: SGX:S44
Market cap: S$156.7m

PSC

Symbol: SGX:DM0
Market cap: S$269.9m

Price History & Performance

Summary of share price highs, lows and changes for Fortress Minerals
Historical stock prices
Current Share PriceS$0.23
52 Week HighS$0.33
52 Week LowS$0.21
Beta0.49
1 Month Change2.27%
3 Month Change-10.00%
1 Year Change-4.26%
3 Year Change-32.84%
5 Year Change-40.00%
Change since IPO4.65%

Recent News & Updates

Recent updates

Shareholder Returns

OAJSG Metals and MiningSG Market
7D-6.3%-0.8%-1.6%
1Y-4.3%5.5%21.6%

Return vs Industry: OAJ underperformed the SG Metals and Mining industry which returned 5.8% over the past year.

Return vs Market: OAJ underperformed the SG Market which returned 21.3% over the past year.

Price Volatility

Is OAJ's price volatile compared to industry and market?
OAJ volatility
OAJ Average Weekly Movement8.8%
Metals and Mining Industry Average Movement6.4%
Market Average Movement5.0%
10% most volatile stocks in SG Market12.0%
10% least volatile stocks in SG Market2.2%

Stable Share Price: OAJ's share price has been volatile over the past 3 months compared to the SG market.

Volatility Over Time: OAJ's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of SG stocks.

About the Company

FoundedEmployeesCEOWebsite
2017500Ivan Cheewww.fortress.sg

Fortress Minerals Limited, an investment holding company, engages in the exploration, mining, production, and sale of iron ore concentrates. It holds interest in the Bukit Besi mine located in Terengganu, Malaysia. The company is involved in the acquisition of mines, mining rights, metalliferous land, and quarries, trading of minerals.

Fortress Minerals Limited Fundamentals Summary

How do Fortress Minerals's earnings and revenue compare to its market cap?
OAJ fundamental statistics
Market capS$117.75m
Earnings (TTM)S$13.55m
Revenue (TTM)S$86.63m
8.7x
P/E Ratio
1.4x
P/S Ratio

Is OAJ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OAJ income statement (TTM)
RevenueUS$68.03m
Cost of RevenueUS$29.44m
Gross ProfitUS$38.60m
Other ExpensesUS$27.95m
EarningsUS$10.64m

Last Reported Earnings

May 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)0.02
Gross Margin56.73%
Net Profit Margin15.64%
Debt/Equity Ratio23.6%

How did OAJ perform over the long term?

See historical performance and comparison

Dividends

2.1%
Current Dividend Yield
18%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 10:00
End of Day Share Price 2026/09/16 00:00
Earnings2026/05/31
Annual Earnings2026/02/28

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.

PackageDataTimeframeExample US Source *
Company Financials10 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 Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 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.

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 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 Github.

Analyst Sources

Fortress Minerals Limited is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Kai Jie TangKGI Securities Co. Ltd.
Ting Shuo ChongKGI Securities Co. Ltd.

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