FFMFF (FireFly Metals) Piotroski F-Score: 4 (As of Jun. 24, 2026) — 33% Above Median


FFMFF FireFly Metals Ltd FFMFF
34 GF Score
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What is FireFly Metals Piotroski F-Score?

FireFly Metals FFMFF 34 Piotroski F-Score is 4 as of Jun. 24, 2026, which is 33% above its 10-year median of 3.00. GuruFocus rates FFMFF with a GF Score™ of 34/100. The stock has 1 warning sign investors should review. Among 2,510 Metals & Mining companies, FireFly Metals ranks better than 78.29% on this metric.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

FireFly Metals has an F-score of 4 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for FireFly Metals's Piotroski F-Score or its related term are showing as below:

FFMFF' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 3   Max: 4
Current: 4

During the past 13 years, the highest Piotroski F-Score of FireFly Metals was 4. The lowest was 2. And the median was 3.

FireFly Metals  (OTCPK:FFMFF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


FireFly Metals Piotroski F-Score Related Terms


FireFly Metals Piotroski F-Score Historical Data

* Premium members only.

The historical data trend for FireFly Metals's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FireFly Metals Piotroski F-Score Chart

FireFly Metals Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.00 2.00 3.00 3.00 4.00

FireFly Metals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 3.00 0.00 4.00 0.00

FireFly Metals Piotroski F-Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, FireFly Metals's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FireFly Metals Piotroski F-Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, FireFly Metals's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where FireFly Metals's Piotroski F-Score falls into.


FFMFF
34GF Score
FireFly Metals Ltd FFMFF
Piotroski F-Score is just one metric. See GF Score™, valuation, warning signs, and more.
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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun25) TTM:Last Year (Jun24) TTM:
Net Income was $-7.40 Mil.
Cash Flow from Operations was $-4.60 Mil.
Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of this year (Jun24)
to the end of this year (Jun25) was (183.243 + 239.661) / 2 = $211.452 Mil.
Total Assets at the begining of this year (Jun24) was $183.24 Mil.
Long-Term Debt & Capital Lease Obligation was $0.67 Mil.
Total Current Assets was $72.92 Mil.
Total Current Liabilities was $8.65 Mil.
Net Income was $-14.91 Mil.

Revenue was $0.00 Mil.
Gross Profit was $0.00 Mil.
Average Total Assets from the begining of last year (Jun23)
to the end of last year (Jun24) was (57.65 + 183.243) / 2 = $120.4465 Mil.
Total Assets at the begining of last year (Jun23) was $57.65 Mil.
Long-Term Debt & Capital Lease Obligation was $0.91 Mil.
Total Current Assets was $48.42 Mil.
Total Current Liabilities was $14.53 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

FireFly Metals's current Net Income (TTM) was -7.40. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

FireFly Metals's current Cash Flow from Operations (TTM) was -4.60. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun24)
=-7.398/183.243
=-0.04037262

ROA (Last Year)=Net Income/Total Assets (Jun23)
=-14.907/57.65
=-0.25857762

FireFly Metals's return on assets of this year was -0.04037262. FireFly Metals's return on assets of last year was -0.25857762. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

FireFly Metals's current Net Income (TTM) was -7.40. FireFly Metals's current Cash Flow from Operations (TTM) was -4.60. ==> -4.60 > -7.40 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun24 to Jun25
=0.67/211.452
=0.00316857

Gearing (Last Year: Jun24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun23 to Jun24
=0.908/120.4465
=0.00753862

FireFly Metals's gearing of this year was 0.00316857. FireFly Metals's gearing of last year was 0.00753862. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun25)=Total Current Assets/Total Current Liabilities
=72.919/8.653
=8.42701953

Current Ratio (Last Year: Jun24)=Total Current Assets/Total Current Liabilities
=48.42/14.526
=3.33333333

FireFly Metals's current ratio of this year was 8.42701953. FireFly Metals's current ratio of last year was 3.33333333. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

FireFly Metals's number of shares in issue this year was 545.911. FireFly Metals's number of shares in issue last year was 326.68. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=0/0
=

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

FireFly Metals's gross margin of this year was . FireFly Metals's gross margin of last year was . ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun24)
=0/183.243
=0

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun23)
=0/57.65
=0

FireFly Metals's asset turnover of this year was 0. FireFly Metals's asset turnover of last year was 0. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+0+1+1+1+1+0+0+0
=4

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

FireFly Metals has an F-score of 4 indicating the company's financial situation is typical for a stable company.

Frequently Asked Questions Learn more about Piotroski F-Score →
What does a Piotroski F-Score of 4 mean?
FireFly Metals (FFMFF) has a Piotroski F-Score of 4 as of Jun. 24, 2026. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FireFly Metals and its competitors. This is 33% above median its historical median of 3.00. Over the past decade, FireFly Metals' Piotroski F-Score has ranged from 2.00 to 4.00. According to the industry distribution chart, FireFly Metals ranks #545 out of 2510 companies in the Metals & Mining industry, placing it in the top 21.7%.
Is FireFly Metals' Piotroski F-Score too high?
FireFly Metals' current Piotroski F-Score of 4 is 33% above median its 10-year median of 3.00. Over the past 10 years, this metric has ranged from a low of 2.00 to a high of 4.00. The Metals & Mining industry median Piotroski F-Score is 3.00. FireFly Metals' value of 4 is 33.3% above this industry median. Based on the distribution chart, FireFly Metals ranks #545 out of 2510 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, FireFly Metals has a GF Score™ of 34/100, reflecting its overall financial health beyond just this single metric.
How does FireFly Metals' Piotroski F-Score compare to competitors?
According to the Metals & Mining industry distribution chart, FireFly Metals ranks #545 out of 2510 companies for Piotroski F-Score. This places FireFly Metals in the top 22% of its industry — outperforming the majority of peers. The industry median Piotroski F-Score is 3.00. FireFly Metals' value of 4 is 33.3% above this benchmark. Historically, FireFly Metals' own Piotroski F-Score has ranged from 2.00 to 4.00 over the past decade. While the company's 10-year median is 3.00 vs. the industry median of 3.00, FireFly Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Piotroski F-Score for a Metals & Mining company?
The median Piotroski F-Score among Metals & Mining companies is 3.00, based on 2,510 companies in the industry. Companies in the top quartile (top 25%) have a Piotroski F-Score significantly above this median, while those in the bottom quartile fall well below. However, Piotroski F-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FireFly Metals's current Piotroski F-Score of 4 is 33.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Piotroski F-Score mean?
A high Piotroski F-Score can signal that a stock is expensive relative to its fundamentals. The Piotroski F-score grades a company's business operating strength from 0-9. View historical data on FireFly Metals and its competitors. For the Metals & Mining industry, the median Piotroski F-Score is 3.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FireFly Metals's current Piotroski F-Score is 4, which is 33% above median its own 10-year median of 3.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FireFly Metals stock overvalued right now?
FireFly Metals (FFMFF) has a current Piotroski F-Score of 4. The current Piotroski F-Score is 4, which is 33% above median its 10-year median of 3.00 and 33.3% above the Metals & Mining industry median of 3.00. FireFly Metals' overall GF Score™ is 34/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Piotroski F-Score calculated?
Piotroski F-Score is calculated from a company's financial statements. For FireFly Metals (FFMFF), the current Piotroski F-Score is 4 as of Jun. 24, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

FireFly Metals Business Description

Address 8 Richardson Street, Level 2, Perth, WA, AUS, 6005
FireFly Metals Ltd is a high-grade copper and gold explorer developer in Canada. The company advances the Green Bay Copper-Gold Ming Mine project in Newfoundland & Labrador and exploring the high-grade Pickle Crow Gold project in Ontario.
34GF Score

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