Altius Minerals Corporation (ALS) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Altius Minerals Corporation stock C$28.68, price C$47.46, that is 39.6% below the price, quality 57 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 13, 2026.
How to read this chart
60‑month range C$14.07 – C$68.70 · fair‑value band C$18.80 – C$47.86 · the C$47.46 price screens above the C$28.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 13, 2026.
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Altius Minerals Corporation engages in the mineral and renewable royalties and project generation businesses in Canada, Brazil, and the United States. The company operates in three segments: Mineral Royalties, Renewable Royalties and Project Generation.
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It owns royalty and streaming interests in 11 operating mines covering copper, nickel, cobalt, lithium, potash, and iron ore.
The company is also involved in the acquisition and management of renewable energy investments and royalties, as well as early-stage royalties and minority equity or project interests. Altius Minerals Corporation was incorporated in 1997 and is headquartered in St. John's, Canada.
Stock analysis
Altius Minerals Corporation (ALS) currently trades at C$47.46, while our model-based Fair Value estimate is C$28.68, 40% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$140.81 per share, and 9 of the 26 models we run sit above the C$47.46 price.
Bear case: the Asset-Based group reads lowest at C$2.97, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: C$18.80 (bear) to C$47.86 (bull), the price of C$47.46 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 57/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Altius Minerals Corporation reported revenue of C$40.5M in FY2025 versus C$81.7M in FY2021, a compound −16.1%/yr. Reported net income was C$299M in FY2025, compounding +65.3%/yr from FY2021.
Key figures
Market cap C$2.7B (≈ $1.9B) Small · P/E ratio 52.7 · P/S ratio 33.9 · EPS (TTM) C$0.9000 · Dividend yield 0.8% · Net margin 54.6% · Return on equity 3.7% · Return on assets (EBIT) 3.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 74 out of 100 (low confidence).
What moves the price
The share trades about 31% below its 52-week high and 25% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −7% fair-value upside, at −40%, ALS screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (C$1.03 to C$241.03). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
BearC$18.80Fair Value C$28.68BullC$47.86
Price C$47.46 · Downside -39.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (C$0.4530 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
FCF DCFC$11.54C$15.75C$28.7878
Growth DCFC$11.06C$16.87C$28.1577
5Y EBITDA ExitC$7.37C$9.43C$13.2676
All 26 models by family
DCF Models
FCF DCFC$11.54C$15.75C$28.7878
Owner EarningsC$80.48C$172.73C$357.4971
5Y Revenue ExitC$6.44C$7.48C$9.4674
5Y EBITDA ExitC$7.37C$9.43C$13.2676
5Y P/E ExitC$52.00C$121.05C$214.7667
10Y Revenue ExitC$7.92C$10.35C$11.7268
10Y EBITDA ExitC$8.60C$12.20C$18.2668
10Y P/E ExitC$39.74C$100.30C$212.4959
Earnings-Based
Graham-DoddC$34.56C$241.03C$338.2563
Lynch FVC$82.02C$117.18C$152.3361
PEG = 1.0C$82.02C$117.18C$152.3357
EPVC$4.47C$4.59C$4.7174
Dividend Discount
Gordon GGMC$3.92C$7.72C$11.5667
DDM Multi-StageC$3.92C$6.71C$8.1667
Multiples
P/E MultipleC$64.80C$86.41C$108.0163
P/S MultipleC$0.7800C$1.03C$1.2958
P/B MultipleC$22.50C$30.00C$37.5055
EV/EBITC$5.44C$6.09C$6.7366
EV/EBITDAC$5.59C$6.29C$6.9867
EV/RevenueC$4.23C$4.54C$4.8554
Asset-Based
NCAV (Graham)C$1.96C$2.97C$3.7155
Growth DCF
Growth DCFC$11.06C$16.87C$28.1577
Rev-Margin DCFC$6.20C$7.53C$9.3974
Economic Profit
Residual IncomeC$31.23C$53.39C$144.7866
ROIC CompounderC$4.47C$4.59C$4.7172
Growth Earnings
Growth-Adj P/EC$98.56C$140.81C$183.0567
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+8.7%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−26.5%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.6%
Start year 2020 (pandemic). Over 10 years: +13.7% a year
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.1%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+63.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+62.2%
Dividend (yield on the price)0.8%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.46% → 27%
2025 sits 698% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+39.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +36.8% a year for the price.
AI conclusion: Diversified royalty holdings across metals, renewables and lithium expansion form the main strength, yet sparse signals leave no clear durable advantage and an unusual net income to revenue pattern stands out as the chief weakness.
Main risk: The exclusivity arrangement for the remaining TNR stake risks adding integration costs and uncertainty that would hit the already broad royalty model.
Altius has steadily expanded its royalty holdings into lithium through TNR Gold while maintaining a diversified portfolio of metals and renewables assets. Our models currently see the shares as overvalued despite this corporate push. Will the exclusivity arrangement for acquiring the rest of TNR deliver clearer growth from its projects or mainly add integration costs and uncertainty to an already broad royalty model?
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 576 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score57 · Top 25%
Fair Value upside−39.6% · Bottom 25%
Profitability
Return on equity (12 months)3.7% · Above median
Return on assets29.0% · Top 25%
Net margin (12 months)54.6% · Top 25%
Operating margin (12 months)37.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)13.5% · Above median
Dividend yield (12 months)0.8% · Below median
Balance sheet
Debt / equity0.09× · Above median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is Altius Minerals Corporation (ALS) overvalued or undervalued?
As of Nov 13, 2026, our model estimates a fair value of C$28.68 versus a price of C$47.46, about 40% lower (overvalued).
What is the fair value of ALS?
Our model-based fair value for Altius Minerals Corporation is C$28.68 (as of Nov 13, 2026), built from audited fundamentals. The current price: C$47.46.
What is the quality score of ALS?
Altius Minerals Corporation has a Quality Score of 57/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Altius Minerals Corporation (ALS)?
Our model-based price target is the fair value of C$28.68 (as of Nov 13, 2026) from 26 valuation models. Cautious scenario C$18.80, optimistic scenario C$47.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Altius Minerals Corporation stock forecast for 2026?
Our models put fair value at C$28.68, about 40% lower versus a price of C$47.46 (overvalued). Cautious scenario C$18.80, optimistic scenario C$47.86. The calculation is refreshed regularly with new filings.
What is the revenue of Altius Minerals Corporation (ALS)?
Altius Minerals Corporation reported trailing-twelve-month revenue of about C$79.0M (latest available figure, as of Nov 13, 2026).
Does Altius Minerals Corporation pay a dividend?
Altius Minerals Corporation currently shows a dividend yield of 0.80% relative to its recent price (as of Nov 13, 2026).
How much is the dividend of Altius Minerals Corporation (ALS) and when is the ex-dividend date?
Altius Minerals Corporation pays a dividend of C$0.38 per share a year, a dividend yield of 0.8%. The next ex-dividend date is Nov 30, 2026. A dividend has been paid every year since at least 2011. The payout ratio is 42.2% of earnings. Free cash flow covers the dividend 1.17 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Altius Minerals Corporation (ALS)?
For today's price to be fair in a discounted-cash-flow model, Altius Minerals Corporation would have to grow free cash flow by +39.7 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.6 % per year. As of Nov 13, 2026.
What discount rate (WACC) does the fair value of ALS use?
Our models discount Altius Minerals Corporation at 9.6 %: a base by market capitalisation (small), damped by beta 0.51, country premium for Canada. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Altius Minerals Corporation that is +39.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Altius Minerals Corporation (ALS) delivered so far?
Over the past 5 years revenue at Altius Minerals Corporation grew -7.6 % a year. The price currently implies free-cash-flow growth of +39.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Altius Minerals Corporation (ALS) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Altius Minerals Corporation (+39.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Altius Minerals Corporation (ALS)?
The free-cash-flow yield on the price is 0.97 %: that much free cash flow Altius Minerals Corporation produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Altius Minerals Corporation (ALS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altius Minerals Corporation it is C$28.68 per share (as of Nov 13, 2026), against a price of C$47.46. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Altius Minerals Corporation stock overvalued or undervalued in 2026?
As of Nov 13, 2026, ALS trades above its calculated fair value: price C$47.46, fair value C$28.68, a gap of about −40% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of ALS?
No. The price is what the market pays today (C$47.46); the fair value is what the company's own numbers justify (C$28.68). For Altius Minerals Corporation the two are C$18.78 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altius Minerals Corporation worth?
The market values Altius Minerals Corporation at about C$2.7B (market capitalisation, as of Nov 13, 2026). Per share that is C$47.46; our models calculate a fair value of C$28.68 per share.
What do the bullish and bearish scenarios say about ALS?
Our models span a range for Altius Minerals Corporation: cautious scenario C$18.80, base C$28.68, optimistic C$47.86 per share (as of Nov 13, 2026, price C$47.46). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALS?
Altius Minerals Corporation trades at a price-to-earnings ratio of 52.7 (as of Nov 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$28.68 is built from several models across several years. Median P/E at fiscal year-end, 5 fiscal years (2021 to 2025), reported earnings: 18.6. Other multiples: P/B 3.0, P/S 33.9, EV/EBITDA 63.0.
How solid is the balance sheet of Altius Minerals Corporation (ALS)?
Balance-sheet figures for Altius Minerals Corporation (as of Nov 13, 2026): return on equity 3.7%, debt of 0.09 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is ALS from its 52-week high?
Altius Minerals Corporation trades at C$47.46, about 31% below its 52-week high of C$68.70 and 25% above the low of C$37.93 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of C$28.68 is for.
Which stocks are comparable to Altius Minerals Corporation?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Altius Minerals Corporation stock attractive at the current price?
The data as of Nov 13, 2026: price C$47.46, calculated fair value C$28.68 (−40%), Quality Score 57/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of ALS calculated?
We run Altius Minerals Corporation through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$28.68 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.9% above its aggregate fair value. Altius Minerals Corporation itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Altius Minerals Corporation (ALS)?
The closing price on Nov 13, 2026 was C$47.46. Our model-based fair value is C$28.68, about 40% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altius Minerals Corporation right now?
Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$18.80 to C$47.86) leaves room in how you read the outcome.
Key figures of Altius Minerals Corporation
How large is the market capitalisation of Altius Minerals Corporation (ALS)?
The market capitalisation of Altius Minerals Corporation is C$2.7B (≈ $1.9B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Altius Minerals Corporation (ALS)?
The price-to-sales ratio of Altius Minerals Corporation is 33.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Altius Minerals Corporation (ALS)?
Earnings per share at Altius Minerals Corporation are C$0.9000 (price ÷ EPS = P/E 52.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Altius Minerals Corporation (ALS)?
The dividend yield of Altius Minerals Corporation is 0.8% (payout 42.2%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Altius Minerals Corporation (ALS)?
The net margin of Altius Minerals Corporation is 54.6% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Altius Minerals Corporation (ALS)?
The return on equity (ROE) of Altius Minerals Corporation is 3.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Altius Minerals Corporation (ALS)?
On an EBIT basis the return on assets of Altius Minerals Corporation is 3.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Altius Minerals Corporation (ALS)?
The operating margin of Altius Minerals Corporation is 37.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Altius Minerals Corporation (ALS)?
Revenue at Altius Minerals Corporation is growing +13.5% versus a year earlier (3y avg −26.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Altius Minerals Corporation (ALS)?
Earnings per share at Altius Minerals Corporation are growing −97.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Altius Minerals Corporation (ALS) hold?
Altius Minerals Corporation holds more cash than debt, C$206M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 13, 2026