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This stock no longer trades (delisted May 28, 2026)

Delisted / no longer publicly traded (per market data provider) Everything below is based on the last available data — treat it as historical, not a live read.

5E Advanced Materials logo

5E Advanced Materials

5EA.AX
Chemicals - Specialty · Basic Materials
Price
A$0.25
+0.00 (+0.00%)
Market Cap
A$58.8M
Exchange
Australian Securities Exchange
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count falling — buybacks

81.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 42.9M (2021) → 8.0M (2025)

Winston Score History

The full picture

5E Advanced Materials is a mining and materials company focused on boron and lithium. It owns a large underground deposit of boric acid in the Mojave Desert in California. Boron is used in things like electric vehicle batteries, fertilizers, fiberglass, and semiconductors, making it an important industrial mineral.

The company has not yet started producing or selling materials at scale, which explains why its gross and operating margins are both zero. It plans to earn money by mining and selling boric acid and lithium directly to industrial customers, primarily in North America. Its California deposit is one of the largest known boron resources in the United States, which could be a long-term advantage — but the main risk right now is that the company is pre-revenue, burning through cash, and still working to get its facility fully permitted and operational.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-100.5% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

Declining (-100% vs prior year)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

94.1%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~9 months

$27M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Cash watch

5E Advanced Materials has less than a year of cash at its current burn rate. Growth investors should watch for potential share dilution from future fundraising — that directly reduces your ownership.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

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Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-57.1%
Weak — -57.1% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
-118.0%
Earnings shrinking (-118.0% YoY)

Earnings per share down more than 10%. Either a bad year, or a real decline.

How steady the profit is
EPS Consistency
2/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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