Black Iron (FRA:BIN) Moat Score: 2/10 (As of Jul. 07, 2026)


FRA:BIN Black Iron Inc FRA:BIN
24 GF Score
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! 3 Warning Signs
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What is Black Iron Moat Score?

Black Iron FRA:BIN +4.44% 24 Moat Score is 2 as of Jul. 07, 2026. GuruFocus rates FRA:BIN with a GF Score™ of 24/100. The stock has 3 warning signs investors should review. Among 2,607 Metals & Mining companies, Black Iron ranks better than 83.24% on this metric.

Black Iron has the Moat Score of 2, which implies that the company might have No Moat - Very weak/transient advantages.

Black Iron has No Moat: Black Iron Inc has minimal competitive advantages. It operates in a highly competitive mining sector with limited market share, no significant customer switching costs, and lacks proprietary technology or regulatory barriers, resulting in a very weak moat.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Black Iron might have No Moat - Very weak/transient advantages.

Black Iron  (FRA:BIN) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Black Iron Moat Score Related Terms

Black Iron Moat Score Competitor Comparison

For the Other Industrial Metals & Mining subindustry, Black Iron's Moat Score, along with its competitors' market caps and Moat 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.

Black Iron Moat Score vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Black Iron's Moat Score distribution charts can be found below:

* The bar in red indicates where Black Iron's Moat Score falls into.


FRA:BIN
24GF Score
Black Iron Inc FRA:BIN
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 2 mean?
Black Iron (FRA:BIN) has a Moat Score of 2 as of Jul. 07, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Black Iron ranks #437 out of 2607 companies in the Metals & Mining industry, placing it in the top 16.8%.
Is Black Iron's Moat Score too high?
Black Iron's current Moat Score is 2. The Metals & Mining industry median Moat Score is 1.00. Black Iron's value of 2 is 100% above this industry median. Based on the distribution chart, Black Iron ranks #437 out of 2607 companies in the Metals & Mining industry, which is in the top quartile — a strong position relative to peers. Overall, Black Iron has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Black Iron's Moat Score compare to competitors?
According to the Metals & Mining industry distribution chart, Black Iron ranks #437 out of 2607 companies for Moat Score. This places Black Iron in the top 17% of its industry — outperforming the majority of peers. The industry median Moat Score is 1.00. Black Iron's value of 2 is 100% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Metals & Mining company?
The median Moat Score among Metals & Mining companies is 1.00, based on 2,607 companies in the industry. Companies in the top quartile (top 25%) have a Moat Score significantly above this median, while those in the bottom quartile fall well below. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Black Iron's current Moat Score of 2 is 100% 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. For the Metals & Mining industry, the median Moat Score is 1.00 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Black Iron's current Moat Score is 2. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Iron stock overvalued right now?
Black Iron (FRA:BIN) has a current Moat Score of 2. The current Moat Score is 2 and 100% above the Metals & Mining industry median of 1.00. Black Iron's overall GF Score™ is 24/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Black Iron (FRA:BIN), the current Moat Score is 2 as of Jul. 07, 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.

Black Iron Business Description

Other Exchanges BKIRF:USA0ULQ:UKBKI:Canada
Address 198 Davenport Road, Toronto, ON, CAN, M5R 1J2
Black Iron Inc is engaged in the exploration and development of ferrous metals in Ukraine, namely the Shymanivske iron ore project located in Kryvyi Rih, Ukraine. The Shymanivske project is surrounded by five operating iron ore mines, including several owned by Metinvest and ArcelorMittal's iron ore complex.
24GF Score

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