Focus Minerals (FML) Stock Overview

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

FML fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

Rewards

Trading at 98.1% below our estimate of its fair value

Earnings grew by 628.5% over the past year

Risk Analysis

No risks detected for FML from our risk checks.

FML Community Fair Values

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Focus Minerals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Focus Minerals
Historical stock prices
Current Share Price	AU$2.19
52 Week High	AU$4.45
52 Week Low	AU$0.65
Beta	1.63
1 Month Change	9.50%
3 Month Change	21.67%
1 Year Change	226.87%
3 Year Change	1,052.63%
5 Year Change	793.88%
Change since IPO	-35.59%

Recent updates

Analysis Article • Apr 07

We Think Focus Minerals' (ASX:FML) Profit Is Only A Baseline For What They Can Achieve

Focus Minerals Limited's ( ASX:FML ) strong earnings report was rewarded with a positive stock price move. We did some...

Analysis Article • Jan 29

Subdued Growth No Barrier To Focus Minerals Limited (ASX:FML) With Shares Advancing 40%

Focus Minerals Limited ( ASX:FML ) shares have continued their recent momentum with a 40% gain in the last month alone...

Analysis Article • Nov 12

Focus Minerals Limited (ASX:FML) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected

Despite an already strong run, Focus Minerals Limited ( ASX:FML ) shares have been powering on, with a gain of 32% in...

Analysis Article • Apr 02

The Return Trends At Focus Minerals (ASX:FML) Look Promising

Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...

Analysis Article • Jan 22

Focus Minerals Limited (ASX:FML) Soars 32% But It's A Story Of Risk Vs Reward

Focus Minerals Limited ( ASX:FML ) shares have had a really impressive month, gaining 32% after a shaky period...

Analysis Article • Oct 26

Even With A 36% Surge, Cautious Investors Are Not Rewarding Focus Minerals Limited's (ASX:FML) Performance Completely

Despite an already strong run, Focus Minerals Limited ( ASX:FML ) shares have been powering on, with a gain of 36% in...

Analysis Article • Sep 11

Investors Still Aren't Entirely Convinced By Focus Minerals Limited's (ASX:FML) Revenues Despite 30% Price Jump

Focus Minerals Limited ( ASX:FML ) shareholders are no doubt pleased to see that the share price has bounced 30% in the...

Analysis Article • Sep 11

A Piece Of The Puzzle Missing From Focus Minerals Limited's (ASX:FML) 30% Share Price Climb

Those holding Focus Minerals Limited ( ASX:FML ) shares would be relieved that the share price has rebounded 30% in the...

Analysis Article • May 24

Slammed 28% Focus Minerals Limited (ASX:FML) Screens Well Here But There Might Be A Catch

Focus Minerals Limited ( ASX:FML ) shares have had a horrible month, losing 28% after a relatively good period...

Analysis Article • Oct 18

Does Focus Minerals (ASX:FML) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • May 21

Increases to Focus Minerals Limited's (ASX:FML) CEO Compensation Might Cool off for now

CEO Zhaoya Wang has done a decent job of delivering relatively good performance at Focus Minerals Limited ( ASX:FML...

Analysis Article • Apr 01

Would Focus Minerals (ASX:FML) Be Better Off With Less Debt?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analysis Article • Nov 17

Did You Miss Focus Minerals' (ASX:FML) 41% Share Price Gain?

It hasn't been the best quarter for Focus Minerals Limited (ASX:FML) shareholders, since the share price has fallen...

Analysis Article • Jul 28

Introducing Focus Minerals (ASX:FML), A Stock That Climbed 33% In The Last Five Years

When we invest, we're generally looking for stocks that outperform the market average. And while active stock picking...

Shareholder Returns

	FML	AU Metals and Mining	AU Market
7D	5.8%	-3.7%	-2.9%
1Y	226.9%	34.5%	-2.6%

Return vs Industry: FML exceeded the Australian Metals and Mining industry which returned 34.5% over the past year.

Return vs Market: FML exceeded the Australian Market which returned -2.6% over the past year.

Price Volatility

Is FML's price volatile compared to industry and market?
FML volatility
FML Average Weekly Movement	10.8%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	9.7%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	4.0%

Stable Share Price: FML has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: FML's weekly volatility (11%) has been stable 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 properties in Western Australia. The company owns 100% interest in the Coolgardie Gold Project located in the East of Perth, Western Australia. It also operates Three Mile Hill Processing plant; and open pit and underground deposits.

Focus Minerals Limited Fundamentals Summary

How do Focus Minerals's earnings and revenue compare to its market cap?
FML fundamental statistics
Market cap	AU$627.56m
Earnings (TTM)	AU$140.52m
Revenue (TTM)	AU$478.35m

4.5x

P/E Ratio

1.3x

P/S 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$478.35m
Cost of Revenue	AU$154.24m
Gross Profit	AU$324.11m
Other Expenses	AU$183.59m
Earnings	AU$140.52m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	0.49
Gross Margin	67.76%
Net Profit Margin	29.38%
Debt/Equity Ratio	0%

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	2026/09/12 02:26
End of Day Share Price	2026/09/11 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

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.

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

Focus Minerals Limited is covered by 1 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
Peter Arden	Ord Minnett Limited

Focus Minerals (FML) Stock Overview

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Focus Minerals Limited Competitors

Kingsgate Consolidated

Black Cat Syndicate

Pantoro Gold

Strickland Metals

Price History & Performance

Recent News & Updates

Focus Minerals Limited Declares Maiden Fully Franked Final Dividend for the Financial Year Ended 31 December 2025, Payable on 1 October 2026

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 27%

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 15%

Recent updates

Focus Minerals Limited Declares Maiden Fully Franked Final Dividend for the Financial Year Ended 31 December 2025, Payable on 1 October 2026

Investor sentiment improves as stock rises 16%

Investor sentiment improves as stock rises 27%

Investor sentiment improves as stock rises 17%

Investor sentiment deteriorates as stock falls 15%

Investor sentiment deteriorates as stock falls 15%

Focus Minerals Limited, Annual General Meeting, May 27, 2026

We Think Focus Minerals' (ASX:FML) Profit Is Only A Baseline For What They Can Achieve

Full year 2025 earnings released: EPS: AU$0.24 (vs AU$0.01 in FY 2024)

Investor sentiment deteriorates as stock falls 15%

Investor sentiment improves as stock rises 18%

Focus Minerals Limited Announces Resignation of Director Zhongshan Song, Effective February 13, 2026

Investor sentiment deteriorates as stock falls 21%

Subdued Growth No Barrier To Focus Minerals Limited (ASX:FML) With Shares Advancing 40%

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 15%

Investor sentiment improves as stock rises 19%

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 15%

Focus Minerals Limited (ASX:FML) Stock Rockets 32% As Investors Are Less Pessimistic Than Expected

Investor sentiment improves as stock rises 22%

Investor sentiment improves as stock rises 17%

New minor risk - Share price stability

Investor sentiment improves as stock rises 19%

First half 2025 earnings released: EPS: AU$0.05 (vs AU$0.007 loss in 1H 2024)

Genesis Minerals Limited (ASX:GMD) acquired Laverton Gold Project in Laverton District, Western Australia from Focus Minerals Limited (ASX:FML) for AUD 250 million.

New major risk - Share price stability

Focus Minerals Limited, Annual General Meeting, May 30, 2025

The Return Trends At Focus Minerals (ASX:FML) Look Promising

Full year 2024 earnings released: EPS: AU$0.011 (vs AU$0.01 loss in FY 2023)

New minor risk - Financial data availability

Focus Minerals Limited (ASX:FML) Soars 32% But It's A Story Of Risk Vs Reward

Even With A 36% Surge, Cautious Investors Are Not Rewarding Focus Minerals Limited's (ASX:FML) Performance Completely

Investors Still Aren't Entirely Convinced By Focus Minerals Limited's (ASX:FML) Revenues Despite 30% Price Jump

A Piece Of The Puzzle Missing From Focus Minerals Limited's (ASX:FML) 30% Share Price Climb

New minor risk - Share price stability

Slammed 28% Focus Minerals Limited (ASX:FML) Screens Well Here But There Might Be A Catch

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

Does Focus Minerals (ASX:FML) Have A Healthy Balance Sheet?

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

Increases to Focus Minerals Limited's (ASX:FML) CEO Compensation Might Cool off for now

Focus Announces Progressing with Coolgardie Gold Project Approvals