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First Graphene Limited (FGR) Fair Value & Analysis

Basic Materials · AU · Market cap A$53.7M

FG First Graphene Limited FGR · AU
PriceA$0.0570
Fair ValueA$0.0200
Upside-64.9%
Quality95/100
Evidence: Low Range A$0.0100 – A$0.0200

Fair value as of: Jun 24, 2026

From 4 valuation models · updated 5 days ago

Share price +10.5% over the past month.

Price vs Fair Value (12 months)

A$0.0896 A$0.0217 Fair Value A$0.0200 Jun 2025 Jun 2026

12‑month range A$0.0217 – A$0.0896 · fair‑value band A$0.0100 – A$0.0200 · the A$0.0570 price screens above the A$0.0200 fair value. As of Jun 24, 2026.

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Analysis

First Graphene Limited (FGR) currently trades at A$0.0570, while our model-based Fair Value estimate is A$0.0200 — implying the stock looks roughly 64.9% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: low).

Trailing-twelve-month revenue stands at A$577K. Revenue grew 52.6% year over year. It earns a return on equity of -96.2%. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$577K
Revenue growth (YoY) +52.6%
Return on equity -96.2%
Free cash flow −A$2.8M FY2025
Operating margin -518%
EPS (TTM) A$-0.0100
More key figures
Net debt A$460K FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

First Graphene Limited manufactures and sells graphene products in Australia, the United Kingdom, and Sri Lanka. It operates through Graphene Production, Research & Development, and Mining Asset Maintenance segments. The company offers MB-LDPE graphene enhanced masterbatch, MB-EVA graphene enhanced masterbatch, MB-EVA bitumen graphene enhanced masterbatch, aqua pre-dispersed graphene additives, and nanoplatelet additives under the PureGRAPH brand. Its products are used in composites, coatings and inks, elastomers, concrete, textile, and energy storage applications. The company was formerly known as First Graphite Limited. First Graphene Limited is headquartered in Henderson, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

First Graphene Limited reported revenue of A$468K in FY2025 versus A$342K in FY2021, a compound +8.2%/yr. Reported net income was −A$5.5M in FY2025.

Revenue +8.2%/yr
FY21 A$342K
FY22 A$723K
FY23 A$861K
FY24 A$492K
FY25 A$468K
Net income
FY21 −A$6.3M
FY22 −A$5.0M
FY23 −A$5.4M
FY24 −A$5.7M
FY25 −A$5.5M

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Frequently asked questions

Is First Graphene Limited (FGR) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.0200 versus a price of A$0.0570 — about −65% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FGR?
Our 21-model fair value for First Graphene Limited is A$0.0200 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.0570.
What is the quality score of FGR?
First Graphene Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of First Graphene Limited (FGR)?
First Graphene Limited reported trailing-twelve-month revenue of about A$577K (latest available figure, as of Jun 24, 2026).
What is the net profit margin of FGR?
The net profit margin of First Graphene Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.