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← CockpitCompetitor Analysis › FRS.AX Forrestania Resources LimitedOpen in the cockpit ↗

Forrestania Resources LimitedFRS.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Precious Metals
Momentum weak 22
Mkt cap
$547M
US dollars, full cap
Free float
55%
of shares outstanding
$/day
$840,200
20-day average traded
P/B
1.63×
price to book
ROE
-23.2%
delivered
Implied ROE
16.6%
what the price asks
Next earnings
125 days
11 Mar 2027
Close · AUDA$0.32
1D+1.6%
1W+10.3%
1M+3.2%
3M-19.0%
6M-32.6%
YTD+6.7%
1Y+52.4%
ATR %7.4%
52w lowhigh55.9% off high

What Forrestania Resources does

No business profile yet.

Forrestania Resources at a glance

Size Forrestania Resources (FRS.AX) is an Australia Materials company (Precious Metals) with a market value of $547M, the 250th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.32 on 6 Nov 2026.

Performance Over six months the shares fell 32.6%, against -1.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 3rd lowest of 21 in its peer set.

Growth The operating margin is -4,833.1% (peer median 27.2%).

Valuation It trades at 1.63× book value against a peer median of 2.77× (5th cheapest of 20).

Price implies The share price implies a return on equity of about 16.6%; Forrestania Resources delivers -23.2%, so the price asks more than the business earns today.

Next results Next results expected around 11 Mar 2027 (exchange calendar; dates can move).

Relative performance

7510012511 May 202611 Aug 20266 Nov 2026Peer median 98FRS.AX 68
Six months, rebased to 100: Forrestania Resources against the median of its 20 peers (local-currency closes).

Forrestania Resources financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$613,726A$613,726A$0A$0A$0
Revenue growth—————
Gross profit-A$12.9M-A$24.7M-A$3,738-A$30,918-A$70,888
EBITDAn/a-A$29.6M-A$893,060-A$1.42M-A$1.45M
Net income-A$31.3M-A$31.3M-A$1.42M-A$5.93M-A$1.65M
Free cash flow-A$41.1M-A$41.1M-A$586,240-A$1.16M-A$1.32M
Capital expenditureA$49.3MA$49.3MA$1.24MA$1.95MA$2.56M
Total debtn/aA$0A$0A$0A$0

Quarterly statements and history in the cockpit →

Forrestania Resources 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%-10%0%GSKRBTRBYNIPXTCGAPMGRZWIARXLCTGOTAUAAZGOROAUCTLGMTLAMISBMHSTRTHXFRS.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Forrestania Resources is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%50%2.50×50×7.50×GSKRBTRBYNIPXTCGAPMGRZWIARXLCTGOTAUAAZAUCTLGMTLAMISBMTHXFRS.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. Forrestania Resources is the large dot.

Capital: ROE delivered against the ROE the price implies

-100%0%100%-100%0%100%GSKRBTRBYNIPXTCGAPMWIAAAZAUCTLGMTLAMITHXFRS.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Forrestania Resources is the large dot.

Forrestania Resources competitors and peer comparison

How Forrestania Resources 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.

Forrestania Resources against its 20 peers (data as of 6 Nov 2026)
MeasureFRS.AXPeer medianRank in peer set
1-month return+3.2%-8.3%highest of 21
6-month return-32.6%-1.5%3rd lowest of 21
Return on equity-23.2%-5.5%7th lowest of 19
Price / book1.63×2.77×5th cheapest of 20
ROE the price implies16.6%17.8%8th least demanding of 20
ROE delivered-23.2%-5.5%7th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Forrestania Resources FRS.AXAustralia$547M-33%n/a-23%1.63×16.6%-23.2%
Goldsky Resources GSKR.VCanada$543M-28%n/a-22%1.75×15.8%-21.8%
Brightstar Resources BTR.AXAustralia$542M+68%+91%-30%1.81×16.9%-29.6%
Banyan Gold BYN.VCanada$554M+18%n/a-5%5.50×64.9%-4.8%
IperionX IPXUnited States$540M-66%n/a-74%5.42×64.6%-74.1%
Turaco Gold TCG.AXAustralia$540M+29%n/a-31%8.06×112.3%-31.4%
Andean Precious Metals APM.TOCanada$555M-20%+63%49%1.84×21.4%49.2%
Gold Reserve GRZ.VCanada$560M-19%n/a-41%4.59×12.9%-41.5%
WIA Gold WIA.AXAustralia$533M-22%n/a-4%3.99×17.1%-3.9%
Rox Resources RXL.AXAustralia$532M+13%n/a-19%2.77×12.8%-19.0%
Contango Silver & Gold CTGOUnited States$520M-43%n/a-24%1.52×8.1%-23.7%
Thesis Gold & Silver TAU.VCanada$516M-31%n/a-5%2.24×24.4%-4.5%
Anglo Asian Mining AAZ.LUnited Kingdom$590M+30%+220%58%4.42×39.4%58.0%
Goldgroup Mining GORO.VCanada$500M-21%+215%n/an/an/an/a
Ausgold AUC.AXAustralia$495M+42%n/a-6%3.30×37.4%-6.2%
Troilus Mining TLG.TOCanada$611M-8%n/a-122%7.28×110.2%-121.9%
Metals Exploration MTL.LUnited Kingdom$617M+17%-17%14%2.12×17.8%13.5%
Aurelia Metals AMI.AXAustralia$477M+16%+40%20%1.48×15.7%20.2%
St. Barbara SBM.AXAustralia$629M+5%-76%-4%0.96×14.2%-4.3%
Heliostar Metals HSTR.TOCanada$475M+10%n/an/a4.21×38.5%n/a
Thor Explorations THX.VCanada$466M-26%+29%55%1.00×12.0%54.9%

Questions

Which companies are Forrestania Resources's closest peers?
The cockpit's peer set: Goldsky Resources (GSKR.V), Brightstar Resources (BTR.AX), Banyan Gold (BYN.V), IperionX (IPX), Turaco Gold (TCG.AX), Andean Precious Metals (APM.TO), Gold Reserve (GRZ.V), WIA Gold (WIA.AX).
Is Forrestania Resources expensive compared with its peers?
On price / book it trades at 1.63× against a peer median of 2.77×, 5th cheapest of 20 in its peer set. The share price implies a return on equity of about 16.6%; Forrestania Resources delivers -23.2%, so the price asks more than the business earns today.
How has Forrestania Resources stock performed?
Over six months to 6 Nov 2026 the shares returned -32.6% against -1.5% for the median peer; over one year +52.4%.

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.