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← CockpitCompetitor Analysis › SBM.AX St. Barbara Ltd.Open in the cockpit ↗

St. Barbara Ltd.SBM.AXCompetitor analysis, valuation and peers

Australia · AUD·Materials›Precious Metals

Australian gold miner with the Simberi mine in Papua New Guinea (being sold) and the Atlantic gold project in Nova Scotia, Canada.

≈ A small-cap US junior gold minerMomentum leader 81
Mkt cap
$629M
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$7.03M
20-day average traded
P/B
0.96×
price to book
ROE
-4.3%
delivered
Implied ROE
14.2%
what the price asks
Next earnings
105 days
19 Feb 2027
Close · AUDA$0.74
1D-8.1%
1W-10.3%
1M-4.5%
3M+25.4%
6M+5.0%
YTD+27.6%
1Y+39.6%
ATR %6.9%
52w lowhigh20.4% off high

What St. Barbara does

Australian gold miner with the Simberi mine in Papua New Guinea (being sold) and the Atlantic gold project in Nova Scotia, Canada.

Sells gold at market prices but has been shedding mature mines: it sold its Leonora operations in Western Australia to Genesis Minerals and is now selling Simberi in Papua New Guinea, leaving the Atlantic project in Nova Scotia as its remaining core. Cash from the Simberi sale is meant to help fund Atlantic's development.

In one line: A small-cap US junior gold miner.

Products and services

  • Simberi gold mine, PNG (being divested)
  • Atlantic gold project, Nova Scotia, Canada

Customers

  • Gold refiners/bullion buyers

Where it sits in the supply chain

  • Materials
  • Gold mining
  • Open-pit/underground gold production

What could go right

  • Gold price strength
  • Simberi sale proceeds fund Atlantic development

What could go wrong

  • Single-region concentration post-Simberi sale
  • Gold-price cyclicality

Moat: none. Small multi-asset gold miner with no scale, cost or geological advantage.

Headquarters: Melbourne, Australia · Founded: 1969

Named competitors

St. Barbara at a glance

Size St. Barbara (SBM.AX) is an Australia Materials company (Precious Metals) with a market value of $629M, the 235th largest of 316 Australia companies the cockpit tracks. Shares closed at A$0.74 on 6 Nov 2026.

Performance Over six months the shares gained 5.0%, against +0.5% for the median peer and +4.1% for the Australia market (cap-weighted) — 9th highest of 20 in its peer set.

Growth Revenue fell 75.9% over the last twelve months (peer median +79.5%); the operating margin is -935.4% (peer median 30.0%).

Valuation It trades at 0.96× book value against a peer median of 3.49× (cheapest of 21).

Price implies The share price implies a return on equity of about 14.2%; St. Barbara delivers -4.3%, so the price asks more than the business earns today.

Next results Next results expected around 19 Feb 2027 (exchange calendar; dates can move).

Relative performance

7510012511 May 202611 Aug 20266 Nov 2026SBM.AX 112Peer median 100
Six months, rebased to 100: St. Barbara against the median of its 20 peers (local-currency closes).

St. Barbara financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
Revenuen/aA$3.62MA$15.0MA$198MA$324M
Revenue growth—-76%-92%-39%—
Gross profitn/a-A$12.4M-A$83,000-A$17.9MA$1.61M
EBITDAn/a-A$31.3M-A$17.7M-A$30.5M-A$14.6M
Net incomen/a-A$9.59M-A$93.8M-A$53.9M-A$490M
Free cash flown/a-A$54.8M-A$118M-A$71.8M-A$22.0M
Capital expendituren/aA$76.8MA$72.6MA$32.8MA$85.7M
Total debtn/aA$1.99MA$5.57MA$7.53MA$12.9M

Quarterly statements and history in the cockpit →

St. Barbara 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%+20%MTLTLGGAUAMRQNFGCFFAAZTUNGRZGFMAPMBYNFRSGSKRBTRIPXTCGFDRSBM.AX6-month return →1-month return →
Up and to the right = strong over both horizons. St. Barbara is the large dot.

Fundamentals: return on equity against price-to-book

-100%-50%0%50%20×40×60×80×MTLTLGGAUAMRQNFGCFFAAZTUNGRZSCZGFMAPMMKOBYNFRSIPXTCGFDRSBM.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. St. Barbara is the large dot.

Capital: ROE delivered against the ROE the price implies

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

St. Barbara competitors and peer comparison

Head to head with its named competitors (SBM.AX vs GMD.AX vs NST.AX vs RMS.AX)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
St. Barbara SBM.AX$629M+5%-76%-4%0.96×14.2%
Genesis Minerals GMD.AX$5.73B+6%+89%36%3.97×41.5%
Northern Star Resources NST.AX$25.3B+19%+19%11%2.33×25.3%
Ramelius Resources RMS.AX$4.78B+3%-14%4%1.76×17.1%
Pantoro Gold PNR.AX$826M-9%+35%20%1.95×23.0%

How St. Barbara 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.

St. Barbara against its 20 peers (data as of 6 Nov 2026)
MeasureSBM.AXPeer medianRank in peer set
1-month return-4.5%-8.7%6th highest of 21
6-month return+5.0%+0.5%9th highest of 20
Return on equity-4.3%-14.3%9th highest of 21
Price / book0.96×3.49×cheapest of 21
ROE the price implies14.2%26.4%2nd least demanding of 21
ROE delivered-4.3%-14.3%9th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
St. Barbara SBM.AXAustralia$629M+5%-76%-4%0.96×14.2%-4.3%
Metals Exploration MTL.LUnited Kingdom$617M+17%-17%14%2.12×17.8%13.5%
Troilus Mining TLG.TOCanada$611M-8%n/a-122%7.28×110.2%-121.9%
Galiano Gold GAU.TOCanada$653M+2%+91%26%2.03×21.2%26.0%
Amaroq AMRQ.LUnited Kingdom$657M0%+2,134%2%3.10×22.7%1.8%
New Found Gold NFGC.TOCanada$662M-16%n/a-19%1.82×19.2%-19.4%
First Mining Gold FF.TOCanada$670M+33%n/a-33%4.14×30.4%-32.5%
Anglo Asian Mining AAZ.LUnited Kingdom$590M+30%+220%58%4.42×39.4%58.0%
Tungsten West TUN.LUnited Kingdom$694M-18%n/a-608%8.26×86.4%-607.6%
Gold Reserve GRZ.VCanada$560M-19%n/a-41%4.59×12.9%-41.5%
Santacruz Silver Mining SCZ.TOCanada$707Mn/a+38%22%3.28×53.5%22.1%
Griffin Mining GFM.LUnited Kingdom$711M-4%+29%12%2.42×21.0%12.0%
Andean Precious Metals APM.TOCanada$555M-20%+63%49%1.84×21.4%49.2%
Mako Mining MKO.VCanada$712M+7%+79%36%3.70×36.5%36.1%
Banyan Gold BYN.VCanada$554M+18%n/a-5%5.50×64.9%-4.8%
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%
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%
Founders Metals FDR.VCanada$734M+42%n/a-9%5.52×30.0%-9.2%

Questions

Who are St. Barbara's main competitors?
Named competitors: Genesis Minerals (GMD.AX), Northern Star Resources (NST.AX), Ramelius Resources (RMS.AX), Pantoro Gold (PNR.AX). The cockpit's measured peer set (industry) also includes Metals Exploration (MTL.L), Troilus Mining (TLG.TO), Galiano Gold (GAU.TO), Amaroq (AMRQ.L), New Found Gold (NFGC.TO), First Mining Gold (FF.TO).
Is St. Barbara expensive compared with its peers?
On price / book it trades at 0.96× against a peer median of 3.49×, cheapest of 21 in its peer set. The share price implies a return on equity of about 14.2%; St. Barbara delivers -4.3%, so the price asks more than the business earns today.
How has St. Barbara stock performed?
Over six months to 6 Nov 2026 the shares returned +5.0% against +0.5% for the median peer; over one year +39.6%.

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.