Fulcrum Metals (STU:J2M) Scaled Net Operating Assets: 1.19 (As of Dec. 2025)


STU:J2M Fulcrum Metals PLC STU:J2M
37 GF Score
Price €0.08
! 3 Warning Signs
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What is Fulcrum Metals Scaled Net Operating Assets?

Fulcrum Metals STU:J2M +4.03% 37 Scaled Net Operating Assets is 1.19 as of Dec. 2025. GuruFocus rates STU:J2M with a GF Score™ of 37/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fulcrum Metals's operating assets for the quarter that ended in Dec. 2025 was €6.43 Mil. Fulcrum Metals's operating liabilities for the quarter that ended in Dec. 2025 was €0.86 Mil. Fulcrum Metals's Total Assets for the quarter that ended in Jun. 2025 was €4.68 Mil. Therefore, Fulcrum Metals's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2025 was 1.19.

Fulcrum Metals Scaled Net Operating Assets Historical Data

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The historical data trend for Fulcrum Metals's Scaled Net Operating Assets 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.

Fulcrum Metals Scaled Net Operating Assets Chart

Fulcrum Metals Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.00 1.52 2.82 0.77 1.12

Fulcrum Metals Semi-Annual Data
Dec19 Dec20 Jun21 Dec21 Jun22 Dec22 Sep23 Jun24 Dec24 Jun25 Dec25
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.82 0.81 1.19

STU:J2M vs HL: Scaled Net Operating Assets Comparison

For the Other Precious Metals & Mining subindustry, Fulcrum Metals's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets 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.

Fulcrum Metals Scaled Net Operating Assets vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Fulcrum Metals's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Fulcrum Metals's Scaled Net Operating Assets falls into.


STU:J2M
37GF Score
Fulcrum Metals PLC STU:J2M
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Fulcrum Metals Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Fulcrum Metals's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(6.429-0.86)/4.955
=1.12

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.751 - 0.322
=6.429

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.86 - 0 - 0
=0.86

Fulcrum Metals's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2025 )
=(Operating Assets (Q: Dec. 2025 )-Operating Liabilities (Q: Dec. 2025 ))/Total Assets (Q: Jun. 2025 )
=(6.429-0.86)/4.68
=1.19

where

Operating Assets(Q: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=6.751 - 0.322
=6.429

Operating Liabilities(Q: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=0.86 - 0 - 0
=0.86

* 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.

What does a Scaled Net Operating Assets of 1.19 mean?
Fulcrum Metals (STU:J2M) has a Scaled Net Operating Assets of 1.19 as of Dec. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fulcrum Metals and its competitors.
Is Fulcrum Metals' Scaled Net Operating Assets too high?
Fulcrum Metals' current Scaled Net Operating Assets is 1.19. Overall, Fulcrum Metals has a GF Score™ of 37/100, reflecting its overall financial health beyond just this single metric.
How does Fulcrum Metals' Scaled Net Operating Assets compare to HL?
Fulcrum Metals' Scaled Net Operating Assets of 1.19 can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Metals & Mining company?
A good Scaled Net Operating Assets depends on the Metals & Mining industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Fulcrum Metals and its competitors. Fulcrum Metals's current Scaled Net Operating Assets is 1.19. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fulcrum Metals stock overvalued right now?
Fulcrum Metals (STU:J2M) has a current Scaled Net Operating Assets of 1.19. The current Scaled Net Operating Assets is 1.19. Fulcrum Metals' overall GF Score™ is 37/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Fulcrum Metals (STU:J2M), the current Scaled Net Operating Assets is 1.19 as of Dec. 2025. 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.

Fulcrum Metals Business Description

Other Exchanges FMET:UKJ2M:Germany
Address Isidore Road, Unit 58, Basepoint Business Centre, Bromsgrove Enterprise park, Bromsgrove, Worcestershire, GBR, B60 3ET
Fulcrum Metals Plc is a multi-commodity minerals exploration company. The company has a portfolio of highly prospective assets at different stages of development but it's strategic focus is on the reprocessing of tailings (mine waste) at its Teck-Hughes and Sylvanite gold tailings projects, located in Kirkland Lake, Ontario. Its other projects include: Tully; Charlot-Neely Lake; Tocheri Lake; Fontaine Lake; Dog Lake; and Winston Lake.
37GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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