FIREFLY METALS LIMITED (FFM)
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FFM - FIREFLY METALS LIMITED

FNArena Sector : Gold & Silver
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.09
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.935

17 Dec
2024

-0.025

OPEN

$0.93

-2.60%

HIGH

$0.95

6,235,400

LOW

$0.90

TARGET
$1.90 103.2% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
FFM: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 6.9 - 5.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-6.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx38.3
Net Operating Cash Flow xxxxxxxxxxxxxxx-13.8 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-18.43 %
Return on Invested Capital xxxxxxxxxxxxxxx-18.21 %
Return on Assets xxxxxxxxxxxxxxx-13.23 %
Return on Equity xxxxxxxxxxxxxxx-18.43 %
Return on Total Capital xxxxxxxxxxxxxxx-16.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-14.0 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx41 M
Price To Book Value xxxxxxxxxxxxxxx1.95

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx24.3 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx3 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx22 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx5 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Shaw and Partners

11/12/2024

1

Buy

$1.90

103.21%

Shaw and Partners maintains a Buy rating with a $1.90 price target for FireFly Metals, noting high-grade and thick intersections from the latest drilling results at Green Bay.

The standout result includes a 86.3m intercept at 3.7% copper equivalent, which the broker describes as the best hole to date. These results are expected to contribute to the resource update anticipated in the June quarter of 2025.

The broker sees these results as reinforcing the quality of the Green Bay project, which is focused on copper equivalent resources.

No changes have been made to the broker’s financial forecasts for FireFly Metals in this report. The risk profile remains high due to the early-stage nature of the project.

Buy, High risk. Target price $1.90, unchanged.

FORECAST
Shaw and Partners forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -5.80 cents.
Shaw and Partners forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -5.60 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Moelis

06/11/2024

1

Buy

$1.50

60.43%

Moelis notes Firefly Metals reported a solid September quarter with increased exploration activity, including 150% growth in exploration expenditure due to heightened operations at the Green Bay project.

Firefly’s cash position at the end of the quarter was $24.8m, slightly below estimates, after significant investment in exploration, explains the analyst.

A resource update (released in October) for 1mt of contained copper was released, and Moelis expects an upgrade to 1.25mt in mid-2025, supporting a positive revaluation.

The broker anticipates production and engineering studies by mid-2025, which could optimise development without additional permitting complexities.

Moelis raises the target price to $1.50 from $1.30 and retains a Buy rating.

FORECAST
Moelis forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -3.90 cents.
Moelis forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -2.80 cents.
Access Extra Coverage Research History >

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