Askari Metals Ltd (AS2) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Askari Metals Ltd stock A$0.00, price A$0.00, upside +20.0%, quality 32 out of 100. Rating: undervalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range A$0.0030 – A$0.7750 · the A$0.0030 price screens below the A$0.0036 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Askari Metals Limited engages in the exploration and development of mineral properties in Australia and Namibia/Tanzania. It explores for lithium, tantalum, tin, copper, gold, and rare earth elements.
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Its flagship project is the 100% owned Nejo Copper-Gold Project, covering an area of approximately 1,200 square kilometers located in Central Western Ethiopia. The company was formerly known as Askari Gold Limited and changed its name to Askari Metals Limited in February 2021.
Askari Metals Limited was incorporated in 2020 and is based in Osborne Park, Australia.
Stock analysis
Askari Metals Ltd (AS2) currently trades at A$0.0030, while our model-based Fair Value estimate is A$0.0036, implying the stock looks roughly 17% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Askari Metals Ltd reported revenue of A$268K in FY2026 versus A$0 in FY2022. Reported net income was −A$3.6M in FY2026.
Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).
What moves the price
The share trades about 81% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at 20%, AS2 screens cheaper than that median.
Fair Value models
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.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
NCAV (Graham)n/aA$0.0100A$0.010050
All 1 models by family
Asset-Based
NCAV (Graham)n/aA$0.0100A$0.010050
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.32/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+784.9%
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.
+135.0%
’23
’24
’25
’26
Profit margin (trend) ⓘ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.
−27,494.1% (2023) → −1,285.0% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
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.Other Precious Metals & Mining · 102 stocks
Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score32 · Below median
Fair Value upside+20.0% · Top 25%
Profitability
Return on assets−41.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−71.8% · Bottom 25%
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
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Is Askari Metals Ltd (AS2) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$0.0036 versus a price of A$0.0030, about +20% upside (undervalued).
What is the fair value of AS2?
Our model-based fair value for Askari Metals Ltd is A$0.0036 (as of Nov 7, 2026), built from audited fundamentals. The current price: A$0.0030.
What is the quality score of AS2?
Askari Metals Ltd has a Quality Score of 32/100. 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 Askari Metals Ltd (AS2)?
Our model-based price target is the fair value of A$0.0036 (as of Nov 7, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Askari Metals Ltd stock forecast for 2026?
Our models put fair value at A$0.0036, about +20% upside versus a price of A$0.0030 (undervalued). The calculation is refreshed regularly with new filings.
What is the intrinsic value of Askari Metals Ltd (AS2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Askari Metals Ltd it is A$0.0036 per share (as of Nov 7, 2026), against a price of A$0.0030. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Askari Metals Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, AS2 trades below its calculated fair value: price A$0.0030, fair value A$0.0036, a gap of about +20% (undervalued). 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 AS2?
No. The price is what the market pays today (A$0.0030); the fair value is what the company's own numbers justify (A$0.0036). For Askari Metals Ltd the two are A$0.0006 per share apart. That gap is exactly why we show both numbers side by side.
How much is Askari Metals Ltd worth?
The market values Askari Metals Ltd at about A$2.6M (market capitalisation, as of Nov 7, 2026). Per share that is A$0.0030; our models calculate a fair value of A$0.0036 per share.
How solid is the balance sheet of Askari Metals Ltd (AS2)?
Balance-sheet figures for Askari Metals Ltd (as of Nov 7, 2026): return on equity −53.1%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is AS2 from its 52-week high?
Askari Metals Ltd trades at A$0.0030, about 81% below its 52-week high of A$0.0160 and at the low of A$0.0030 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0036 is for.
Which stocks are comparable to Askari Metals Ltd?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 Askari Metals Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price A$0.0030, calculated fair value A$0.0036 (+20%), Quality Score 32/100, from 1 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 AS2 calculated?
We run Askari Metals Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0036 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 13.3% above its aggregate fair value. Askari Metals Ltd currently trades 17% 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 Askari Metals Ltd (AS2)?
The closing price on Nov 6, 2026 was A$0.0030. Our model-based fair value is A$0.0036, about +20% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Askari Metals Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Askari Metals Ltd
How large is the market capitalisation of Askari Metals Ltd (AS2)?
The market capitalisation of Askari Metals Ltd is A$2.6M (≈ $1.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Askari Metals Ltd (AS2)?
Earnings per share at Askari Metals Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Askari Metals Ltd (AS2)?
The return on equity (ROE) of Askari Metals Ltd is −53.1% (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 Askari Metals Ltd (AS2)?
On an EBIT basis the return on assets of Askari Metals Ltd is −39.8% (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 Askari Metals Ltd (AS2)?
The operating margin of Askari Metals Ltd is −16,598% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Askari Metals Ltd (AS2)?
Revenue at Askari Metals Ltd is growing −71.8% versus a year earlier (3y avg +135%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Askari Metals Ltd (AS2) generate?
The free cash flow of Askari Metals Ltd is −A$2.1M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Askari Metals Ltd (AS2) carry?
The net debt of Askari Metals Ltd is A$37.8K (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026
