K92 Mining Inc (KNT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of K92 Mining Inc stock C$30.48, price C$27.71, upside +10.0%, quality 70 out of 100. Rating: fairly valued. Calculated from audited financials with 24 of our 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 8, 2026.
How to read this chart
60‑month range C$4.72 – C$33.17 · fair‑value band C$21.63 – C$40.22 · the C$27.71 price screens below the C$30.48 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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K92 Mining Inc. engages in the exploration and development of mineral deposits in Papua New Guinea. The company primarily produces gold, copper, and silver.
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The company's mineral properties include the Kainantu gold mine project that covers an area of approximately 830 square kilometers located in the Eastern Highlands province of Papua New Guinea; the Blue Lake gold-copper porphyry deposit located in Papua New Guinea; and Arakompa.
The company was formerly known as K92 Holdings International Limited and changed its name to K92 Mining Inc. in May 2016. K92 Mining Inc. is headquartered in Vancouver, Canada.
Stock analysis
K92 Mining Inc (KNT) currently trades at C$27.71, while our model-based Fair Value estimate is C$30.48, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of C$68.07 per share, and 9 of the 24 models we run sit above the C$27.71 price.
Bear case: the Growth DCF group reads lowest at C$10.33, and 15 of the 24 models stay below the price. Data coverage for this calculation is medium.
Scenario range: C$21.63 (bear) to C$40.22 (bull), the price of C$27.71 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 70/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
K92 Mining Inc reported revenue of $606M in FY2025 versus $154M in FY2021, a compound +40.8%/yr. Reported net income was $275M in FY2025, compounding +78.2%/yr from FY2021.
Key figures
Market cap C$6.9B (≈ $4.9B) Mid · P/E ratio 13.7 · P/S ratio 6.23 · EPS (TTM) C$2.02 · Net margin 45.4% · Return on equity 46.1% · Return on assets (EBIT) 23.2% (5-year average) · Operating margin 62.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 90 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 53% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at 10%, KNT screens cheaper than that median.
Fair Value models
BearC$21.63Fair Value C$30.48BullC$40.22
Price C$27.71 · Upside +10.0%
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$1.73 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.
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.69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+72.7%
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.
+47.6%
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.
+30.6%
Start year 2020 (pandemic)
Revenue growth 7 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.
+41.6%
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’25
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.
+43.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+43.1%
Dividend (yield on the price)0.0%
Profit margin 2020 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.44% → 67%
2025 sits 640% 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).
+42.9%
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 +39.9% a year for the price.
News mood ⓘNews mood, the average tone of recent news (99 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
AI conclusion: Repeated success converting exploration into phased expansions shows strong execution, yet thin evidence of a durable moat and commodity pricing limit durability.
Main risk: Typical ramp-up frictions in a remote setting could limit output gains from additional mining fronts and infrastructure upgrades.
K92 continues to deliver record quarterly ore processing and mine development at Kainantu while hitting the one million ounce cumulative AuEq milestone since commercial production began. This shows repeated success converting exploration into phased expansions with strong execution. Our models see the shares as undervalued. Will the ramp-up of additional mining fronts and infrastructure upgrades sustain higher output, or will typical ramp-up frictions in a remote setting limit the gains?
Price, fair value, quality and upside side by side.
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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.Gold · 202 stocks
Beats the industry median on 7/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score70 · Top 25%
Fair Value upside+10.0% · Top 25%
Profitability
Return on equity (12 months)46.1% · Top 25%
Return on assets28.7% · Top 25%
Net margin (12 months)45.5% · Top 25%
Operating margin (12 months)62.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)113.0% · Top 25%
Balance sheet
Debt / equity0.04× · Above median
Valuation Multiplesvs Gold median · lower = cheaper
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Is K92 Mining Inc (KNT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of C$30.48 versus a price of C$27.71, about +10% upside (fairly valued).
What is the fair value of KNT?
Our model-based fair value for K92 Mining Inc is C$30.48 (as of Nov 8, 2026), built from audited fundamentals. The current price: C$27.71.
What is the quality score of KNT?
K92 Mining Inc has a Quality Score of 70/100. 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 K92 Mining Inc (KNT)?
Our model-based price target is the fair value of C$30.48 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario C$21.63, optimistic scenario C$40.22. It is a calculation from audited fundamentals, not an analyst target.
What is the K92 Mining Inc stock forecast for 2026?
Our models put fair value at C$30.48, about +10% upside versus a price of C$27.71 (fairly valued). Cautious scenario C$21.63, optimistic scenario C$40.22. The calculation is refreshed regularly with new filings.
What is the revenue of K92 Mining Inc (KNT)?
K92 Mining Inc reported trailing-twelve-month revenue of about C$796M (latest available figure, as of Nov 8, 2026).
What growth is priced into K92 Mining Inc (KNT)?
For today's price to be fair in a discounted-cash-flow model, K92 Mining Inc would have to grow free cash flow by +42.9 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +30.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of KNT use?
Our models discount K92 Mining Inc at 10.2 %: a base by market capitalisation (mid), damped by beta 1.30, 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 K92 Mining Inc that is +42.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has K92 Mining Inc (KNT) delivered so far?
Over the past 5 years revenue at K92 Mining Inc grew +30.7 % a year. The price currently implies free-cash-flow growth of +42.9 % 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 K92 Mining Inc (KNT) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into K92 Mining Inc (+42.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of K92 Mining Inc (KNT)?
The free-cash-flow yield on the price is 0.96 %: that much free cash flow K92 Mining Inc produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of K92 Mining Inc (KNT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For K92 Mining Inc it is C$30.48 per share (as of Nov 8, 2026), against a price of C$27.71. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is K92 Mining Inc stock overvalued or undervalued in 2026?
As of Nov 8, 2026, KNT trades below its calculated fair value: price C$27.71, fair value C$30.48, a gap of about +10% (fairly valued). 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 KNT?
No. The price is what the market pays today (C$27.71); the fair value is what the company's own numbers justify (C$30.48). For K92 Mining Inc the two are C$2.77 per share apart. That gap is exactly why we show both numbers side by side.
How much is K92 Mining Inc worth?
The market values K92 Mining Inc at about C$6.9B (market capitalisation, as of Nov 8, 2026). Per share that is C$27.71; our models calculate a fair value of C$30.48 per share.
What do the bullish and bearish scenarios say about KNT?
Our models span a range for K92 Mining Inc: cautious scenario C$21.63, base C$30.48, optimistic C$40.22 per share (as of Nov 8, 2026, price C$27.71). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KNT?
K92 Mining Inc trades at a price-to-earnings ratio of 13.7 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$30.48 is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 30.4. Other multiples: P/B 6.3, P/S 6.1, EV/EBITDA 8.1.
How solid is the balance sheet of K92 Mining Inc (KNT)?
Balance-sheet figures for K92 Mining Inc (as of Nov 8, 2026): return on equity 46.1%, debt of 0.04 per unit of equity. They feed the Quality Score of 70/100, which measures business quality independently of the share price.
How far is KNT from its 52-week high?
K92 Mining Inc trades at C$27.71, about 16% below its 52-week high of C$33.17 and 53% above the low of C$18.09 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$30.48 is for.
Which stocks are comparable to K92 Mining Inc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 K92 Mining Inc stock attractive at the current price?
The data as of Nov 8, 2026: price C$27.71, calculated fair value C$30.48 (+10%), Quality Score 70/100, from 24 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 KNT calculated?
We run K92 Mining Inc through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of C$30.48 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 13.0% above its aggregate fair value. K92 Mining Inc currently trades 9% below its own fair value, and the market average says nothing about that. 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 K92 Mining Inc (KNT)?
The closing price on Nov 6, 2026 was C$27.71. Our model-based fair value is C$30.48, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with K92 Mining Inc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (C$21.63 to C$40.22) leaves room in how you read the outcome.
Key figures of K92 Mining Inc
How large is the market capitalisation of K92 Mining Inc (KNT)?
The market capitalisation of K92 Mining Inc is C$6.9B (≈ $4.9B). 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 K92 Mining Inc (KNT)?
The price-to-sales ratio of K92 Mining Inc is 6.23 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of K92 Mining Inc (KNT)?
Earnings per share at K92 Mining Inc are C$2.02 (price ÷ EPS = P/E 13.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of K92 Mining Inc (KNT)?
The net margin of K92 Mining Inc is 45.4% (fiscal year 2025). 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 K92 Mining Inc (KNT)?
The return on equity (ROE) of K92 Mining Inc is 46.1% (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 K92 Mining Inc (KNT)?
On an EBIT basis the return on assets of K92 Mining Inc is 23.2% (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 K92 Mining Inc (KNT)?
The operating margin of K92 Mining Inc is 62.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at K92 Mining Inc (KNT)?
Revenue at K92 Mining Inc is growing +113% versus a year earlier (3y avg +47.6%). 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 K92 Mining Inc (KNT)?
Earnings per share at K92 Mining Inc are growing +113% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does K92 Mining Inc (KNT) hold?
K92 Mining Inc holds more cash than debt, C$176M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Some data
Nov 8, 2026