Forrestania Resources Ltd (FRS) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Forrestania Resources Ltd stock A$0.06, price A$0.32, that is 81.4% below the price, quality 25 out of 100. Rating: strongly overvalued. Calculated from audited financials with 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 Oct 30, 2026.
How to read this chart
60‑month range A$0.0090 – A$0.7150 · fair‑value band A$0.0425 – A$0.0935 · the A$0.3200 price screens above the A$0.0595 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Oct 30, 2026.
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Forrestania Resources Limited operates as a gold exploration and development company in Western Australia. It also explores for copper and lithium. The company is expanding across the Southern Cross, Eastern Goldfields, and Forrestania regions.
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Its projects include the Forrestania project located in southern Forrestania Greenstone Belt. The company's projects near Coolgardie and Menzies provide additional exposure to gold and base metals within proven mineralised corridors of the Eastern Goldfields.
Forrestania Resources Limited was incorporated in 2021 and is based in Subiaco, Australia.
Stock analysis
Forrestania Resources Ltd (FRS) currently trades at A$0.3200, while our model-based Fair Value estimate is A$0.0595, 81.4% below the price, so the stock looks overvalued 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.
Scenario range: A$0.0425 (bear) to A$0.0935 (bull), the price of A$0.3200 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 25/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Forrestania Resources Ltd reported revenue of A$614K in FY2025 versus A$0 in FY2021. Reported net income was −A$31.3M in FY2025.
Key figures
Market cap A$753M (≈ $529M) Small · EPS (TTM) A$−0.0400 · Return on equity −23.2% · Return on assets (EBIT) −18.1% · Operating margin 11,594% · Revenue growth (YoY) +15.7% · Free cash flow −A$41.1M · Net cash A$7.8M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).
What moves the price
The share trades about 55% below its 52-week high and 83% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 2% fair-value upside, at −81%, FRS screens richer than that median.
Fair Value models
BearA$0.0425Fair Value A$0.0595BullA$0.0935
Price A$0.3200 · Downside -81.4%
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)A$0.0500A$0.0700A$0.110051
All 1 models by family
Asset-Based
NCAV (Graham)A$0.0500A$0.0700A$0.110051
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.28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+3,983.3%
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.
+243.1%
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.
+329.5%
Start year 2020 (pandemic)
’20
’22
’23
’24
’25
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.
−48,624.8% (2020) → −4,833.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Forrestania Resources Ltd with another stock
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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 · 96 stocks
Beats the industry median on 0/5 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−81.4% · Bottom 25%
Profitability
Return on assets−9.5% · Below median
Growth and dividend
Revenue growth (quarter YoY)15.7% · Below median
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
P/B2.86× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)79· sector 100
PAST (return on equity)0· sector 0
HEALTH (low debt)0· sector 98
DIVIDEND (yield)0· sector 59
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Forrestania Resources Ltd (FRS) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of A$0.0595 versus a price of A$0.3200, about 81% lower (overvalued).
What is the fair value of FRS?
Our model-based fair value for Forrestania Resources Ltd is A$0.0595 (as of Oct 30, 2026), built from audited fundamentals. The current price: A$0.3200.
What is the quality score of FRS?
Forrestania Resources Ltd has a Quality Score of 25/100. 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 Forrestania Resources Ltd (FRS)?
Our model-based price target is the fair value of A$0.0595 (as of Oct 30, 2026) from 1 valuation models. Cautious scenario A$0.0425, optimistic scenario A$0.0935. It is a calculation from audited fundamentals, not an analyst target.
What is the Forrestania Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0595, about 81% lower versus a price of A$0.3200 (overvalued). Cautious scenario A$0.0425, optimistic scenario A$0.0935. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Forrestania Resources Ltd (FRS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Forrestania Resources Ltd it is A$0.0595 per share (as of Oct 30, 2026), against a price of A$0.3200. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Forrestania Resources Ltd stock overvalued or undervalued in 2026?
As of Oct 30, 2026, FRS trades above its calculated fair value: price A$0.3200, fair value A$0.0595, a gap of about −81% (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 FRS?
No. The price is what the market pays today (A$0.3200); the fair value is what the company's own numbers justify (A$0.0595). For Forrestania Resources Ltd the two are A$0.2605 per share apart. That gap is exactly why we show both numbers side by side.
How much is Forrestania Resources Ltd worth?
The market values Forrestania Resources Ltd at about A$753M (market capitalisation, as of Oct 30, 2026). Per share that is A$0.3200; our models calculate a fair value of A$0.0595 per share.
What do the bullish and bearish scenarios say about FRS?
Our models span a range for Forrestania Resources Ltd: cautious scenario A$0.0425, base A$0.0595, optimistic A$0.0935 per share (as of Oct 30, 2026, price A$0.3200). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Forrestania Resources Ltd (FRS)?
Balance-sheet figures for Forrestania Resources Ltd (as of Oct 30, 2026): return on equity −23.2%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is FRS from its 52-week high?
Forrestania Resources Ltd trades at A$0.3200, about 55% below its 52-week high of A$0.7150 and 83% above the low of A$0.1750 (as of Nov 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0595 is for.
Which stocks are comparable to Forrestania Resources Ltd?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Sibanye Stillwater 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 Forrestania Resources Ltd stock attractive at the current price?
The data as of Oct 30, 2026: price A$0.3200, calculated fair value A$0.0595 (−81%), Quality Score 25/100, 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 FRS calculated?
We run Forrestania Resources Ltd through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0595, 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 14.9 % above its aggregate fair value. Forrestania Resources Ltd 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 Forrestania Resources Ltd (FRS)?
The closing price on Nov 2, 2026 was A$0.3200. Our model-based fair value is A$0.0595, about 81% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Forrestania Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.0935). The favourable scenario is already priced in. Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0425 to A$0.0935) leaves room in how you read the outcome.
Key figures of Forrestania Resources Ltd
How large is the market capitalisation of Forrestania Resources Ltd (FRS)?
The market capitalisation of Forrestania Resources Ltd is A$753M (≈ $529M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Forrestania Resources Ltd (FRS)?
Earnings per share at Forrestania Resources Ltd are A$−0.0400. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Forrestania Resources Ltd (FRS)?
The return on equity (ROE) of Forrestania Resources Ltd is −23.2% (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 Forrestania Resources Ltd (FRS)?
On an EBIT basis the return on assets of Forrestania Resources Ltd is −18.1% (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 Forrestania Resources Ltd (FRS)?
The operating margin of Forrestania Resources Ltd is 11,594% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Forrestania Resources Ltd (FRS)?
Revenue at Forrestania Resources Ltd is growing +15.7% versus a year earlier (3y avg +243%). 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 Forrestania Resources Ltd (FRS) generate?
The free cash flow of Forrestania Resources Ltd is −A$41.1M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Forrestania Resources Ltd (FRS) hold?
Forrestania Resources Ltd holds more cash than debt, A$7.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Oct 30, 2026