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Full Circle Lithium Corp. (FCLI) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Full Circle Lithium Corp. C$0.03, price C$0.30, upside -91.5%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
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Thin data
Oct 10, 2026
Full Circle Lithium Corp.
FCLI · VWeakest SetupStrongly overvalued and low quality.
Mixed Growth (revenue YoY +6846.9 %/yr in CAD)
Fair value C$0.0255 · Strongly overvalued (−91.5%)
Quality 32/100
Negative free cash flow
Trails peers (0/7)
Narrow moat 8/100
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 10, 2026.
How to read this chart
60‑month range C$0.1950 – C$0.8500 · fair‑value band C$0.0170 – C$0.0340 · the C$0.3000 price screens above the C$0.0255 fair value. Dashed = 300-day average. As of Oct 10, 2026.
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Company profile
Full Circle Lithium Corp. manufactures and sells lithium-ion battery fire extinguishing agents primarily in the United States. It offers FCL-X, a non-hazardous fire extinguishing agent designed for lithium-ion battery fires. The company is based in Toronto, Canada.
Stock analysis
Full Circle Lithium Corp. (FCLI) currently trades at C$0.3000, while our model-based Fair Value estimate is C$0.0255, 91.5% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: C$0.0170 (bear) to C$0.0340 (bull), the price of C$0.3000 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Full Circle Lithium Corp. reported revenue of $694K in FY2025 versus $0 in FY2022. Reported net income was −$3.0M in FY2025.
Key figures
Market cap C$39.5M (≈ $27.7M) · EPS (TTM) C$−0.0700 · Return on equity −72.1% · Return on assets (EBIT) −42.0% · Operating margin −1,855% · Revenue (TTM) C$358K · Revenue growth (YoY) −87.3% · Free cash flow −C$2.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −92%, FCLI screens richer than that median.
Fair Value models
Bear C$0.0170
Fair Value C$0.0255
Bull C$0.0340
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham)
C$0.0400
C$0.0600
C$0.0900
51
All 1 models by family
Asset-Based
NCAV (Graham)
C$0.0400
C$0.0600
C$0.0900
51
Quality Score breakdown
Overall quality
32/100
Of which business quality 32 · Market factors (momentum, volatility) 39
Profitability
2
Margins and returns on capital today
Quality Growth
75
Are margins and returns improving?
Cashflow
5
Earnings quality: real cash, not paper profit
Fin. Strength
100
Balance sheet, leverage, solvency risk
Investment
0
Disciplined investing over empire-building
Low Volatility
50
Calm price path (market factor)
Momentum
34
Price trend over the last 3–12 months (market factor)
52W Momentum
37
Distance to the 52-week high (market factor)
Net Issuance
0
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
FCLI screens overvalued: fair value 92% below the price. Compare with Saudi Arabian Mining Company →
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 363 stocks
Beats the industry median on 0/6 measures
Overall it trails its industry peers.
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
Context: sector, industry, market
- Is the Materials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Canadian Stocks
- Valuation of the Canada market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Vedanta Limited VEDL | ₹266.35 | ₹655.92 | +146% | vs FCLI |
| CMOC Group 603993 | ¥17.08 | ¥19.15 | +12% | vs FCLI |
| Saudi Arabian Mining Company 1211 | 61.10 SAR | 67.21 SAR | +10% | vs FCLI |
| Hindustan Zinc Limited HINDZINC | ₹588.95 | ₹647.85 | +10% | vs FCLI |
| Western Mining Co 601168 | ¥35.19 | ¥38.71 | +10% | vs FCLI |
| Boliden AB BOL | kr 521.00 | kr 464.45 | −11% | vs FCLI |
| Korea Zinc Company 010130 | 1,116,000 KRW | 646,063 KRW | −42% | vs FCLI |
| China Tungsten And Hightech Materials Co 000657 | ¥57.18 | ¥29.56 | −48% | vs FCLI |
| Xiamen Tungsten Co 600549 | ¥46.90 | ¥23.62 | −50% | vs FCLI |
| Ivanhoe Mines Ltd IVN | C$12.06 | C$4.46 | −63% | vs FCLI |
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Frequently asked questions
Is Full Circle Lithium Corp. (FCLI) overvalued or undervalued?
As of Oct 10, 2026, our model estimates a fair value of C$0.0255 versus a price of C$0.3000, about −92% upside (overvalued).
What is the fair value of FCLI?
Our model-based fair value for Full Circle Lithium Corp. is C$0.0255 (as of Oct 10, 2026), built from audited fundamentals. The current price: C$0.3000.
What is the quality score of FCLI?
Full Circle Lithium Corp. has a Quality Score of 32/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Full Circle Lithium Corp. (FCLI)?
Our model-based price target is the fair value of C$0.0255 (as of Oct 10, 2026) from 1 valuation models. Cautious scenario C$0.0170, optimistic scenario C$0.0340. It is a calculation from audited fundamentals, not an analyst target.
What is the Full Circle Lithium Corp. stock forecast for 2026?
Our models put fair value at C$0.0255, about −92% upside versus a price of C$0.3000 (overvalued). Cautious scenario C$0.0170, optimistic scenario C$0.0340. The calculation is refreshed regularly with new filings.
What is the revenue of Full Circle Lithium Corp. (FCLI)?
Full Circle Lithium Corp. reported trailing-twelve-month revenue of about C$358K (latest available figure, as of Oct 10, 2026).
What is the intrinsic value of Full Circle Lithium Corp. (FCLI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Full Circle Lithium Corp. it is C$0.0255 per share (as of Oct 10, 2026), against a price of C$0.3000. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Full Circle Lithium Corp. stock overvalued or undervalued in 2026?
As of Oct 10, 2026, FCLI trades above its calculated fair value: price C$0.3000, fair value C$0.0255, a gap of about −92% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of FCLI?
No. The price is what the market pays today (C$0.3000); the fair value is what the company's own numbers justify (C$0.0255). For Full Circle Lithium Corp. the two are C$0.2745 per share apart. That gap is exactly why we show both numbers side by side.
How much is Full Circle Lithium Corp. worth?
The market values Full Circle Lithium Corp. at about C$39.5M (market capitalisation, as of Oct 10, 2026). Per share that is C$0.3000; our models calculate a fair value of C$0.0255 per share.
What do the bullish and bearish scenarios say about FCLI?
Our models span a range for Full Circle Lithium Corp.: cautious scenario C$0.0170, base C$0.0255, optimistic C$0.0340 per share (as of Oct 10, 2026, price C$0.3000). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Full Circle Lithium Corp. (FCLI)?
Balance-sheet figures for Full Circle Lithium Corp. (as of Oct 10, 2026): return on equity −72.1%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is FCLI from its 52-week high?
Full Circle Lithium Corp. trades at C$0.3000, about 38% below its 52-week high of C$0.4850 and 20% above the low of C$0.2500 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0255 is for.
Which stocks are comparable to Full Circle Lithium Corp.?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Full Circle Lithium Corp. stock attractive at the current price?
The data as of Oct 10, 2026: price C$0.3000, calculated fair value C$0.0255 (−92%), Quality Score 32/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of FCLI calculated?
We run Full Circle Lithium Corp. through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of C$0.0255, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.6 % above its aggregate fair value. Full Circle Lithium Corp. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Full Circle Lithium Corp. (FCLI)?
The closing price on Oct 8, 2026 was C$0.3000. Our model-based fair value is C$0.0255, about −92% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Full Circle Lithium Corp. right now?
The price sits above even our optimistic bull case (C$0.0340). The favourable scenario is already priced in. Weak quality (32/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (C$0.0170 to C$0.0340) leaves room in how you read the outcome.
Key figures of Full Circle Lithium Corp.
How large is the market capitalisation of Full Circle Lithium Corp. (FCLI)?
The market capitalisation of Full Circle Lithium Corp. is C$39.5M (≈ $27.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Full Circle Lithium Corp. (FCLI)?
Earnings per share at Full Circle Lithium Corp. are C$−0.0700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Full Circle Lithium Corp. (FCLI)?
The return on equity (ROE) of Full Circle Lithium Corp. is −72.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Full Circle Lithium Corp. (FCLI)?
On an EBIT basis the return on assets of Full Circle Lithium Corp. is −42.0% (avg 4y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Full Circle Lithium Corp. (FCLI)?
The operating margin of Full Circle Lithium Corp. is −1,855% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Full Circle Lithium Corp. (FCLI)?
Revenue at Full Circle Lithium Corp. is growing −87.3% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Full Circle Lithium Corp. (FCLI) generate?
The free cash flow of Full Circle Lithium Corp. is −C$2.5M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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