Loading…
← CockpitCompetitor Analysis › FFM.AX FireFly Metals LtdOpen in the cockpit ↗

FireFly Metals LtdFFM.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Precious Metals

Australian-listed copper-gold developer advancing the Green Bay project in Newfoundland, Canada.

≈ A pre-production Canadian copper-gold developerMomentum laggard 11
Mkt cap
$798M
US dollars, full cap
Free float
96%
of shares outstanding
$/day
$4.98M
20-day average traded
P/B
2.39×
price to book
ROE
-8.2%
delivered
Implied ROE
29.4%
what the price asks
Next earnings
129 days
15 Mar 2027
Close · AUDA$1.32
1D-8.0%
1W-2.6%
1M-18.5%
3M-30.5%
6M-31.4%
YTD-36.8%
1Y-29.4%
ATR %6.7%
52w lowhigh44.8% off high

What FireFly Metals does

Australian-listed copper-gold developer advancing the Green Bay project in Newfoundland, Canada.

In one line: A pre-production Canadian copper-gold developer.

Products and services

  • Green Bay copper-gold project

Where it sits in the supply chain

  • Base/precious metals mining
  • Copper-gold exploration/development
  • Project financing

What could go right

  • Copper price strength
  • Resource upgrades/feasibility milestones

What could go wrong

  • Project financing/construction risk
  • Copper price volatility

Moat: none. Pre-production developer with no operating mine or revenue; value depends on resource growth and financing.

Headquarters: Perth, Australia · Founded: 2021

Named competitors

FireFly Metals at a glance

Size FireFly Metals (FFM.AX) is an Australia Materials company (Precious Metals) with a market value of $798M, the 209th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.32 on 6 Nov 2026.

Performance Over six months the shares fell 31.4%, against -17.8% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd lowest of 19 in its peer set.

Valuation It trades at 2.39× book value against a peer median of 3.04× (8th cheapest of 21).

Price implies The share price implies a return on equity of about 29.4%; FireFly Metals delivers -8.3%, so the price asks more than the business earns today.

Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).

Relative performance

608010012011 May 202611 Aug 20266 Nov 2026Peer median 81FFM.AX 67
Six months, rebased to 100: FireFly Metals against the median of its 20 peers (local-currency closes).

FireFly Metals financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$0A$0A$0A$0A$0
Revenue growth—————
Gross profit-A$1.81M-A$2.22M-A$2.08M-A$3.02M-A$554,195
EBITDA-A$24.2M-A$24.4M-A$17.6M-A$21.6M-A$3.07M
Net income-A$23.6M-A$23.6M-A$11.4M-A$23.9M-A$3.48M
Free cash flow-A$11.2M-A$11.2M-A$8.31M-A$15.0MA$812,830
Capital expenditureA$80.4MA$80.4MA$55.4MA$24.3MA$17.3M
Total debtn/aA$1.59MA$1.44MA$2.00MA$1.84M

Quarterly statements and history in the cockpit →

FireFly Metals competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%0%+50%-20%0%DCASMOGGKCNLGDPNRCYLCRMLFDROMGMKOGFMTUNFF000409NFGCFFM.AX6-month return →1-month return →
Up and to the right = strong over both horizons. FireFly Metals is the large dot.

Fundamentals: return on equity against price-to-book

-600%-400%-200%0%00×100×200×DCASMOGGKCNLGDCRMLFDROMGTUNNFGCFFM.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. FireFly Metals is the large dot.

Capital: ROE delivered against the ROE the price implies

-500%-250%0%250%-500%0%DCASMLGDCRMLOMGTUNFFM.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. FireFly Metals is the large dot.

FireFly Metals competitors and peer comparison

Head to head with its named competitors (FFM.AX vs ERO.TO)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
FireFly Metals FFM.AX$798M-31%n/a-8%2.39×29.4%
Ero Copper ERO.TO$3.03B+10%+106%35%2.25×23.0%

How FireFly Metals compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

FireFly Metals against its 20 peers (data as of 6 Nov 2026)
MeasureFFM.AXPeer medianRank in peer set
1-month return-18.5%-9.2%4th lowest of 21
6-month return-31.4%-17.8%3rd lowest of 19
Return on equity-8.2%7.8%8th lowest of 20
Price / book2.39×3.04×8th cheapest of 21
ROE the price implies29.4%30.2%10th least demanding of 21
ROE delivered-8.3%7.8%8th lowest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
FireFly Metals FFM.AXAustralia$798M-31%n/a-8%2.39×29.4%-8.3%
Dakota Gold DCUnited States$798M-1%n/a-23%4.34×38.7%-23.4%
Avino Silver & Gold Mines ASM.TOCanada$799M-30%+54%21%2.79×46.7%20.8%
Osisko Gold OGG.VCanada$814M-18%+805%8%0.99×13.4%7.8%
Cadillac Mines CADY.TOCanada$815Mn/an/an/a9.88×157.7%n/a
Kingsgate Consolidated KCN.AXAustralia$779M-39%+77%63%2.01×21.9%63.3%
Liberty Gold LGD.TOCanada$819M+50%n/a34%9.20×110.5%34.4%
Pantoro Gold PNR.AXAustralia$826M-9%+35%20%1.95×23.0%20.2%
Catalyst Metals CYL.AXAustralia$746M-28%+75%29%1.52×15.2%29.2%
Critical Metals CRMLUnited States$864M-58%n/a-105%2.51×32.2%-104.7%
Founders Metals FDR.VCanada$734M+42%n/a-9%5.52×30.0%-9.2%
Omai Gold Mines OMG.VCanada$879M-23%n/a-74%25.80×403.4%-73.7%
Mako Mining MKO.VCanada$712M+7%+79%36%3.70×36.5%36.1%
Griffin Mining GFM.LUnited Kingdom$711M-4%+29%12%2.42×21.0%12.0%
Santacruz Silver Mining SCZ.TOCanada$707Mn/a+38%22%3.28×53.5%22.1%
Highlander Silver HSLV.TOCanada$906M-23%n/a1%2.22×21.6%1.2%
Tungsten West TUN.LUnited Kingdom$694M-18%n/a-608%8.26×86.4%-607.6%
First Mining Gold FF.TOCanada$670M+33%n/a-33%4.14×30.4%-32.5%
McEwen MUX.TOCanada$954M-31%+54%14%1.31×17.6%13.5%
Yunding Technology 000409.SZChina$960M-18%+6%5%3.35×21.0%4.6%
New Found Gold NFGC.TOCanada$662M-16%n/a-19%1.82×19.2%-19.4%

Questions

Who are FireFly Metals's main competitors?
Named competitors: Ero Copper (ERO.TO), Foran Mining (private or unlisted). The cockpit's measured peer set (industry) also includes Dakota Gold (DC), Avino Silver & Gold Mines (ASM.TO), Osisko Gold (OGG.V), Cadillac Mines (CADY.TO), Kingsgate Consolidated (KCN.AX), Liberty Gold (LGD.TO).
Is FireFly Metals expensive compared with its peers?
On price / book it trades at 2.39× against a peer median of 3.04×, 8th cheapest of 21 in its peer set. The share price implies a return on equity of about 29.4%; FireFly Metals delivers -8.3%, so the price asks more than the business earns today.
How has FireFly Metals stock performed?
Over six months to 6 Nov 2026 the shares returned -31.4% against -17.8% for the median peer; over one year -29.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.