Detailed financial statements for First Phosphate Corp. Sponsored ADR (PHOS): income statement, balance sheet and cash-flow summary. Track margins, debt, liquidity and profitability trends year over year: ten fiscal years free and up to 20 with Premium.

First Phosphate Corp. is a mineral development company, which engages in the extracting and purifying phosphate to produce cathode active material for the Lithium Iron Phosphate battery industry. The Phosphate properties include rare anorthosite igneous phosphate rock that generally yields high purity phosphate material devoid of high concentrations of harmful elements. The company was founded on September 18, 2006 and is headquartered in Vancouver, Canada.

What to look at in Basic Materials

Miners, chemicals, steel. 100% commodity-driven. Analysing them with pure P/E is a mistake — look at cost position and dividend sustainability.

FCF yield — In commodities FCF is gold — EPS is very misleading
Gross margin — 5y consistent gross margin = moat signal
Net debt / EBITDA (trough) — Use EBITDA from the worst year of the cycle, not the current one
Dividend coverage — Dividend covered by FCF in an average year, not at peak
Capex / D&A — >1x = maintain/grow reserves. <0.7x = decapitalising
Altman Z-Score — Bankruptcy model (NYU 1968) — combines liquidity, leverage and profitability. Key in cyclicals
P/B across cycles — Commodities: 0.8-1.2x at troughs, 2x+ at peaks. <2x still reasonable zone

Explore sector: Basic Materials · Other Precious Metals

More sections of PHOS: Overview · Valuation · Statistics · Estimates · Technical · Ownership · News · Events

Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Investment Academy — learn to analyze stocks