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← CockpitCompetitor Analysis › FML.AX Focus Minerals LtdOpen in the cockpit ↗

Focus Minerals LtdFML.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Precious Metals
Momentum weak 26
Mkt cap
$355M
US dollars, full cap
Free float
31%
of shares outstanding
$/day
$285,475
20-day average traded
Fwd P/E
n/m
no positive forecast
ROIC−WACC
+46.0 pp
WACC 12.3%
Hurdle
n/a
no reverse DCF
Close · AUDA$1.79
1D-5.3%
1W-1.6%
1M+0.3%
3M-11.8%
6M-22.5%
YTD-41.7%
1Y-34.9%
ATR %6.0%
52w lowhigh59.8% off high

What Focus Minerals does

No business profile yet.

Focus Minerals at a glance

Size Focus Minerals (FML.AX) is an Australia Materials company (Precious Metals) with a market value of $355M, the 307th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.79 on 6 Nov 2026.

Performance Over six months the shares fell 22.5%, against -19.9% for the median peer and +4.1% for the Australia market (cap-weighted) — 10th lowest of 21 in its peer set.

Growth Revenue grew 216.5% over the last twelve months (peer median +67.1%); the operating margin is 41.5% (peer median 24.3%).

Valuation It trades at 0.6× enterprise value to sales against a peer median of 3.1× (2nd cheapest of 11).

Capital Return on invested capital runs 46.0 points above its cost of capital (12.3% WACC).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026FML.AX 84Peer median 79
Six months, rebased to 100: Focus Minerals against the median of its 20 peers (local-currency closes).

Focus Minerals financials

Reported figures in AUD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueA$480MA$301MA$115MA$33.1MA$16.5M
Revenue growth—+162%+248%+100%—
Gross profitA$202MA$102MA$28.7MA$5.35M-A$296,000
EBITDAA$271MA$146MA$38.8MA$4.38M-A$1.94M
Net incomeA$141MA$68.9MA$3.01M-A$2.80M-A$4.14M
Free cash flowA$211MA$120MA$16.9M-A$61.8M-A$14.2M
Capital expenditureA$17.5MA$15.1MA$19.4MA$70.4MA$19.4M
Total debtn/aA$4.47MA$160MA$98.4MA$35.6M

Quarterly statements and history in the cockpit →

Focus Minerals 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

-40%-20%0%+20%+40%-30%-20%-10%0%PAMPALOALDEFVLALTNVMMBSXRDSJAGMAIIDRFISHAISDECNGOLDETGTRXVGZITHAMXAUXXFML.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Focus Minerals is the large dot.

Fundamentals: revenue growth against valuation

0%+500%+1,000%0×100×200×PAMPALOALTNMAIFISHDECNGOLDFML.AXRevenue growth (TTM) →EV / Sales →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Focus Minerals is the large dot.

Focus Minerals competitors and peer comparison

How Focus Minerals 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.

Focus Minerals against its 20 peers (data as of 6 Nov 2026)
MeasureFML.AXPeer medianRank in peer set
1-month return+0.3%-12.9%3rd highest of 21
6-month return-22.5%-19.9%10th lowest of 21
Distance from 52-week high-59.8%-42.7%3rd lowest of 21
Revenue growth (TTM)+216.5%+67.1%2nd highest of 11
Operating margin41.5%24.3%5th highest of 11
EV / Sales0.6×3.1×2nd cheapest of 11
ROIC minus cost of capital+46.0 pp-9.6 pp2nd highest of 19
EV / EBITDA1.1×5.0×cheapest of 9
Net debt / EBITDA-0.8×-0.5×5th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginEV / SalesReq gDelivered g
Focus Minerals FML.AXAustralia$355M-23%+216%42%0.6×n/an/a
Endomines Finland PAMPALO.HEFinland$352M-25%+59%17%7.1×n/an/a
Aldebaran Resources ALDE.VCanada$359M+3%n/an/an/an/an/a
Freegold FVL.TOCanada$351M-27%n/an/an/an/an/a
AltynGold ALTN.LUnited Kingdom$350M-19%+67%47%1.7×-1.3%+41.6%
Viridis Mining and Minerals VMM.AXAustralia$366M+29%n/an/an/an/an/a
CNMC Goldmine 5TP.SISingapore$342M-24%+54%51%2.1×-14.2%+38.5%
Belo Sun Mining BSX.TOCanada$341M-32%n/an/an/an/an/a
Radisson Mining Resources RDS.VCanada$371M-6%n/an/an/an/an/a
Jaguar Mining JAG.TOCanada$339M-17%+15%23%1.6×n/an/a
Mining Americas MAI.TOCanada$334M-39%+1,140%25%3.3×7.9%+33.1%
Idaho Strategic Resources IDRUnited States$330M-58%+67%45%5.8×8.8%+49.5%
Sailfish Royalty FISH.VCanada$384M+96%+88%3%49.0×n/an/a
Aeris Resources AIS.AXAustralia$385M-20%+22%22%0.6×-17.5%+10.2%
Deccan Gold Mines DECNGOLD.NSIndia$389M+46%+159%-338%255.1×n/an/a
Entree Resources ETG.TOCanada$391M+6%n/an/an/an/an/a
TRX Gold TRX.TOCanada$321M-17%+140%48%2.9×-3.5%+61.2%
Vista Gold VGZUnited States$401M+22%n/an/an/an/an/a
International Tower Hill Mines ITH.TOCanada$405M-39%n/an/an/an/an/a
Amex Gold Mining AMX.VCanada$407M-26%n/an/an/an/an/a
Gold X2 Mining AUXX.VCanada$409M-32%n/an/an/an/an/a

Questions

Which companies are Focus Minerals's closest peers?
The cockpit's peer set: Endomines Finland (PAMPALO.HE), Aldebaran Resources (ALDE.V), Freegold (FVL.TO), AltynGold (ALTN.L), Viridis Mining and Minerals (VMM.AX), CNMC Goldmine (5TP.SI), Belo Sun Mining (BSX.TO), Radisson Mining Resources (RDS.V).
Is Focus Minerals expensive compared with its peers?
On ev / sales it trades at 0.6× against a peer median of 3.1×, 2nd cheapest of 11 in its peer set.
How has Focus Minerals stock performed?
Over six months to 6 Nov 2026 the shares returned -22.5% against -19.9% for the median peer; over one year -34.9%.

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.