One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
5E Advanced Materials, Inc.
FEAM · NMS · Basic Materials · Specialty Chemicals
Current price
$2.33
52-week range
$0.90 - $5.01
Market cap
$115.65M
Balance sheet
Healthy
-2,317.28x Concerning
Net cash $19.36M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
5E Advanced Materials, Inc.
5E Advanced Materials, Inc. is a company exploring for important minerals like borates and lithium in California. These minerals are key ingredients for things like batteries and high-tech materials, so finding them could be valuable if the company can mine them. Right now, it's an exploration stage company, meaning it's still in the early phase of looking for these resources rather than already selling them.
How the company got here
5E Advanced Materials, Inc. was formerly known as American Pacific Borates Limited and was incorporated in 2021. The company is an exploration-stage company focused on developing mineral properties in the United States, specifically for borates and lithium. Its primary asset is the Fort Cady project in California's Mojave Desert, which holds significant boron reserves. The company's strategic shift is towards becoming a vertically integrated supplier of advanced boron materials, aiming to be the sole domestic producer in the U.S. This move is driven by the critical need for these materials in defense supply chains and the global energy transition.
What it actually does
5E Advanced Materials is in the business of extracting and processing minerals, primarily borates and lithium, from its Fort Cady project in California. Think of it like a modern-day mining and refining operation. The company aims to transform these raw materials into high-value boron specialty materials. These materials are essential components used in a variety of advanced industries, including defense, clean energy technologies like solar and wind power, and even in fertilizers to improve food security.
Borates and Boric Acid
This is the core business for 5E Advanced Materials. The company extracts colemanite, a mineral rich in boron, from its Fort Cady site. From this, it produces boric acid, which is a key ingredient in many industrial applications. Boric acid is used in everything from making glass and ceramics to agricultural fertilizers and even in some defense applications. 5E plans for boric acid to be the primary revenue driver from its initial operations, with significant global demand for this high-purity product.
Lithium Co-Product
In addition to boron, the Fort Cady project also contains lithium. While boron is the main focus, 5E Advanced Materials also plans to produce lithium carbonate as a co-product. Lithium is a critical component in batteries, especially for electric vehicles and energy storage. By extracting lithium alongside boron, the company can diversify its product offerings and capture additional value from its mineral resources.
Advanced Boron Materials
Beyond basic boric acid, 5E Advanced Materials is developing more specialized boron-based products. These advanced materials are designed for high-tech applications and command higher prices. The company is actively researching and developing these materials, aiming to create a portfolio of products that cater to specific needs in sectors like electric transportation, clean energy infrastructure, and defense. This segment represents a move up the value chain, transforming raw minerals into sophisticated components for cutting-edge technologies.
What management is betting on now
Management is focused on becoming the United States' only domestic, vertically integrated supplier of advanced boron materials. They are betting on the increasing demand for these materials in critical sectors like defense and the global energy transition. A key part of their strategy involves leveraging their unique resource at the Fort Cady Complex, which has been designated as Critical Infrastructure by the U.S. government. They are also working to develop downstream processing capabilities to produce high-value boron specialty materials, aiming to strengthen domestic supply chains and reduce reliance on international sources.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
FY2025 Q1
$-6.39M
FY2025 Q2
$-5.30M
FY2025 Q3
$-5.82M
FY2025 Q4
$-6.25M
FY2026 Q1
$-5.22M
FY2026 Q2
$-6.53M
FY2026 Q3
$-8.61M
FY2026 Q4
$-5.25M
Revenue
—
Net income
$-9.19M
Diluted EPS
-0.09
Operating cash flow
$-5.25M
Free cash flow
$-5.25M
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Sources
Revenue
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Net income
$-12.13M
Diluted EPS
-0.35
Operating cash flow
$-4.27M
Free cash flow
$-8.61M
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Sources
Revenue
—
Net income
$-10.89M
Diluted EPS
-0.48
Operating cash flow
$-5.22M
Free cash flow
$-6.53M
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Sources
Revenue
—
Net income
$-10.69M
Diluted EPS
-0.51
Operating cash flow
$-4.30M
Free cash flow
$-5.22M
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Sources
Revenue
—
Net income
$-9.71M
Diluted EPS
-2.57
Operating cash flow
$-6.23M
Free cash flow
$-6.25M
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Sources
Revenue
—
Net income
$5.28M
Diluted EPS
-0.97
Operating cash flow
$-5.73M
Free cash flow
$-5.82M
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Sources
Revenue
—
Net income
$-14.26M
Diluted EPS
-0.21
Operating cash flow
$-5.30M
Free cash flow
$-5.30M
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Sources
Revenue
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Net income
$-12.86M
Diluted EPS
-0.20
Operating cash flow
$-6.38M
Free cash flow
$-6.39M
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Sources
Is it cheap or expensive?
Fair value — vs current price $2.33
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $19.4M - more cash than debt. Interest coverage -2317.3x.
Net debt
$-19.36M
Interest coverage
-2,317.28x
5E Advanced Materials, Inc.'s profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
FEAM
BASELINE
5E Advanced Materials, Inc.
Total debt $90.00K Interest coverage -2,317.28x This is the baseline the peer rows are being compared against.
Total debt $297.00K Interest coverage -5,079.50x Neither company has much profit cushion over interest right now.
Total debt $166.00K Interest coverage -723.73x Neither company has much profit cushion over interest right now.
What you should know
The case for and against FEAM
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -67.4% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
—
Forward P/E
-4.57x
P/B
1.51x
P/S
—
EV/EBITDA
-4.31x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-67.4%
ROA
-39.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
7.12x
Quick ratio
6.90x
Total debt
$90.00K
Total cash
$19.45M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
—
EPS TTM
-1.43
EPS 5Y CAGR
—
Cash flow
How much cash the business throws off
Operating CF TTM
$-19.04M
Free CF TTM
$-25.60M
FCF margin
—
Dividend
Shareholder payout
Yield
0.0%
Payout ratio
—
Last ex-div date
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