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Altamin Limited (AZI) fair value: what the stock is really worth

As of Nov 3, 2026: fair value (intrinsic value) of Altamin Limited stock A$0.02, price A$0.03, that is 12.9% below the price, quality 31 out of 100. Rating: overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU · ISIN AU000000AZI3

AL Altamin Limited logo Thin data Nov 10, 2026

Altamin Limited

AZI · AU
Expensive, weak quality

Our calculation puts a fair price 13% below what the stock costs today.

Low debt
Mixed vs. peers (3/7)
Profit last quarter 55% below a year ago.
Fair value A$0.0218 · Overvalued
Quality 31/100
Weak Growth (revenue YoY −49.0 %/yr in AUD)
Negative free cash flow
Narrow moat 3/100 · thin data
Thin data
⟳ CyclicalEstimate⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.0811 A$0.0154 Fair Value A$0.0218 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range A$0.0154 – A$0.0811 · fair‑value band A$0.0210 – A$0.0226 · the A$0.0250 price screens above the A$0.0218 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Altamin Limited engages in the identification, acquisition, and assessment of mineral properties. The company explores for zinc, lead, cobalt, nickel, copper, manganese, lithium, boron, graphite, and silver deposits.

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Its flagship project is Lazio Geothermal Lithium project situated in Lazio, Central Italy. The company was formerly known as Alta Zinc Limited and changed its name to Altamin Limited in November 2021. Altamin Limited was incorporated in 1997 and is based in South Perth, Australia.

Stock analysis

Altamin Limited (AZI) currently trades at A$0.0250, while our estimate is A$0.0218, 13% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0210 (bear) to A$0.0226 (bull), the price of A$0.0250 sits above 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 31/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Altamin Limited reported revenue of A$77.2K in FY2025 versus A$0 in FY2021. Reported net income was −A$4.4M in FY2026.

Key figures

Market cap A$19.8M (≈ $13.6M) Micro · EPS (TTM) A$−0.0100 · Return on equity −231% · Return on assets (EBIT) −119% (5-year average) · EPS growth (YoY) −55.4% · Free cash flow −A$3.8M · Net cash A$2.4M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 3 out of 100 (low confidence).

What moves the price

The share trades about 24% 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 −10% fair-value upside, at −13%, AZI screens richer than that median.

Fair Value

Bear A$0.0210 Fair Value A$0.0218 Bull A$0.0226
Price A$0.0250 · Downside -12.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 31/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 26
Are margins and returns getting better?
Cashflow 9
Do the profits arrive as real cash?
Financial strength 71
Debt, balance sheet and risk of trouble
Investment 99
Does it invest with discipline instead of growing at any price?
Low Volatility 37
How calm the share price moves, does not count
Price momentum 29
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 28
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is weak, negative or inconsistent.
Revenue growth 1 year
−49.0%
Revenue growth 15 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.
+38.8%
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.
−1,186.3% (2019) → −6,454.4% (2025)
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
not computed

AZI screens overvalued: fair value 13% below the price. Compare with BHP Group →

Compare Altamin Limited with another stock

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 Industrial Metals & Mining · 577 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 31 · Below median
Fair Value upside −12.8% · Above median
Profitability
Return on assets −106.8% · Bottom 25%
Operating margin (12 months) 0.0% · Above median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 5.83× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)16 · sector 4
FUTURE (revenue growth)0 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · sector 96
DIVIDEND (yield)0 · sector 33

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹262.00 ₹334.17 +28% vs AZI
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs AZI
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs AZI
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs AZI
Boliden AB BOL kr 515.20 kr 464.45 −10% vs AZI
BHP Group BHP A$60.39 A$47.47 −21% vs AZI
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs AZI
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs AZI
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs AZI
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs AZI

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Altamin Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Altamin Limited Fair Value". https://www.fairvalue-calculator.com/stock/AZI

Frequently asked questions

Is Altamin Limited (AZI) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0218 versus the last price from Nov 3, 2026 of A$0.0250, about 13% lower (overvalued).
What is the fair value of AZI?
Our estimate for Altamin Limited is A$0.0218 (as of Nov 10, 2026), built from audited fundamentals. Last price (from Nov 3, 2026): A$0.0250.
What is the quality score of AZI?
Altamin Limited has a Quality Score of 31/100. 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 Altamin Limited (AZI)?
Our calculated price target is the estimate of A$0.0218 (as of Nov 10, 2026). Cautious scenario A$0.0210, optimistic scenario A$0.0226. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Altamin Limited stock forecast for 2026?
Our estimate puts fair value at A$0.0218, about 13% lower versus the last price from Nov 3, 2026 of A$0.0250 (overvalued). Cautious scenario A$0.0210, optimistic scenario A$0.0226. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Altamin Limited (AZI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Altamin Limited it is A$0.0218 per share (as of Nov 10, 2026), against a price of A$0.0250.
Is Altamin Limited stock overvalued or undervalued in 2026?
As of Nov 10, 2026, AZI trades above its calculated fair value: price A$0.0250, fair value A$0.0218, a gap of about −13% (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 AZI?
No. The price is what the market pays today (A$0.0250); the fair value is what the company's own numbers justify (A$0.0218). For Altamin Limited the two are A$0.0032 per share apart. That gap is exactly why we show both numbers side by side.
How much is Altamin Limited worth?
The market values Altamin Limited at about A$19.8M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0250; our models calculate a fair value of A$0.0218 per share.
What do the bullish and bearish scenarios say about AZI?
Our models span a range for Altamin Limited: cautious scenario A$0.0210, base A$0.0218, optimistic A$0.0226 per share (as of Nov 10, 2026, price A$0.0250). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Altamin Limited (AZI)?
Balance-sheet figures for Altamin Limited (as of Nov 10, 2026): return on equity −231.3%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is AZI from its 52-week high?
Altamin Limited trades at A$0.0250, about 24% below its 52-week high of A$0.0330 and 25% above the low of A$0.0200 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0218 is for.
Which stocks are comparable to Altamin Limited?
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 Altamin Limited stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0250, calculated fair value A$0.0218 (−13%), Quality Score 31/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Altamin Limited 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 Altamin Limited (AZI)?
The latest price we hold is from Nov 3, 2026 and stands at A$0.0250. Our estimate is A$0.0218, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Altamin Limited right now?
The price sits above even our optimistic bull case (A$0.0226). The favourable scenario is already priced in. The models converge in a tight band (A$0.0210 to A$0.0226), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Altamin Limited

How large is the market capitalisation of Altamin Limited (AZI)?
The market capitalisation of Altamin Limited is A$19.8M (≈ $13.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Altamin Limited (AZI)?
Earnings per share at Altamin Limited are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Altamin Limited (AZI)?
The return on equity (ROE) of Altamin Limited is −231% (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 Altamin Limited (AZI)?
On an EBIT basis the return on assets of Altamin Limited is −119% (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.
How fast are earnings growing at Altamin Limited (AZI)?
Earnings per share at Altamin Limited are growing −55.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Altamin Limited (AZI) generate?
The free cash flow of Altamin Limited is −A$3.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Altamin Limited (AZI) hold?
Altamin Limited holds more cash than debt, A$2.4M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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