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Iris Metals Ltd (IR1) fair value: what the stock is really worth

As of Oct 19, 2026: fair value (intrinsic value) of Iris Metals Ltd stock A$0.02, price A$0.08, that is 74.5% below the price, quality 21 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials AU · ISIN AU0000166134

IM Iris Metals Ltd logo Thin data Nov 4, 2026

Iris Metals Ltd

IR1 · AU
Very expensive, weak quality

Our calculation puts a fair price 75% below what the stock costs today.

Fair value A$0.0204 · Strongly overvalued
Quality 21/100
Negative free cash flow
Trails peers (1/6)
Narrow moat 10/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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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$2.24 A$0.0480 Fair Value A$0.0204 Sep 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range A$0.0480 – A$2.24 · fair‑value band A$0.0204 – A$0.0272 · the A$0.0800 price screens above the A$0.0204 fair value. As of Nov 4, 2026.

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Company profile

IRIS Metals Limited engages in exploration, evaluation, and acquisition of mining tenements in South Dakota, the United States. It explores for lithium, diamond, pegmatite, LCT pegmatites, spodumene, and lithium spodumene deposits.

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IRIS Metals Limited was incorporated in 2020 and is based in South Yarra, Australia.

Stock analysis

Iris Metals Ltd (IR1) currently trades at A$0.0800, while our model-based Fair Value estimate is A$0.0204, 75% 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$0.0204 (bear) to A$0.0272 (bull), the price of A$0.0800 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 21/100 (below-average quality), in the Basic Materials sector.

Iris Metals Ltd reported revenue of A$0 in FY2025 versus A$0 in FY2021. Reported net income was −A$22.3M in FY2026.

Key figures

Market cap A$17.8M (≈ $12.2M) Micro · EPS (TTM) A$−0.1000 · Return on equity −58.3% · Return on assets (EBIT) −40.1% (5-year average) · Operating margin 4,676% · Revenue (TTM) A$18.4K · Free cash flow −A$3.8M · Net cash A$4.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades about 77% below its 52-week high and 67% 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 −75%, IR1 screens richer than that median.

Fair Value models

Bear A$0.0204 Fair Value A$0.0204 Bull A$0.0272
Price A$0.0800 · Downside -74.5%
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$0.0100 A$0.0100 A$0.0200 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 A$0.0200 50

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 21/100

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 25
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 87
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 31
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 5
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

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

IR1 screens overvalued: fair value 75% below the price. Compare with Newmont Corporation →

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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 · 205 stocks

Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score 21 · Bottom 25%
Fair Value upside −74.5% · Bottom 25%
Profitability
Return on assets −68.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 0.55× · Cheapest 25%

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 Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $191.57 $220.07 +15% vs IR1
Newmont Corporation NEM $120.91 $133.00 +10% vs IR1
AngloGold Ashanti plc AU $92.99 $88.58 −5% vs IR1
Royal Gold, Inc RGLD $265.81 $248.53 −7% vs IR1
Shandong Gold Mining Co 600547 ¥26.20 ¥23.61 −10% vs IR1
Franco-Nevada Corporation FNV $254.95 $212.28 −17% vs IR1
Kinross Gold Corporation KGC $22.24 $18.00 −19% vs IR1
Northern Star Resources Limited NST A$25.85 A$16.87 −35% vs IR1
Wheaton Precious Metals Corp WPM $136.31 $87.64 −36% vs IR1
Zijin Mining Group 601899 ¥28.28 ¥15.62 −45% vs IR1

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Iris Metals Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Iris Metals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IR1

Frequently asked questions

Is Iris Metals Ltd (IR1) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0204 versus the last price from Oct 19, 2026 of A$0.0800, about 75% lower (overvalued).
What is the fair value of IR1?
Our model-based fair value for Iris Metals Ltd is A$0.0204 (as of Nov 4, 2026), built from audited fundamentals. Last price (from Oct 19, 2026): A$0.0800.
What is the quality score of IR1?
Iris Metals Ltd has a Quality Score of 21/100. 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 Iris Metals Ltd (IR1)?
Our model-based price target is the fair value of A$0.0204 (as of Nov 4, 2026) from 1 valuation models. Cautious scenario A$0.0204, optimistic scenario A$0.0272. It is a calculation from audited fundamentals, not an analyst target.
What is the Iris Metals Ltd stock forecast for 2026?
Our models put fair value at A$0.0204, about 75% lower versus the last price from Oct 19, 2026 of A$0.0800 (overvalued). Cautious scenario A$0.0204, optimistic scenario A$0.0272. The calculation is refreshed regularly with new filings.
What is the revenue of Iris Metals Ltd (IR1)?
Iris Metals Ltd reported trailing-twelve-month revenue of about A$18.4K (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Iris Metals Ltd (IR1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iris Metals Ltd it is A$0.0204 per share (as of Nov 4, 2026), against a price of A$0.0800. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Iris Metals Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, IR1 trades above its calculated fair value: price A$0.0800, fair value A$0.0204, a gap of about −75% (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 IR1?
No. The price is what the market pays today (A$0.0800); the fair value is what the company's own numbers justify (A$0.0204). For Iris Metals Ltd the two are A$0.0596 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iris Metals Ltd worth?
The market values Iris Metals Ltd at about A$17.8M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0800; our models calculate a fair value of A$0.0204 per share.
What do the bullish and bearish scenarios say about IR1?
Our models span a range for Iris Metals Ltd: cautious scenario A$0.0204, base A$0.0204, optimistic A$0.0272 per share (as of Nov 4, 2026, price A$0.0800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iris Metals Ltd (IR1)?
Balance-sheet figures for Iris Metals Ltd (as of Nov 4, 2026): return on equity −58.3%. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is IR1 from its 52-week high?
Iris Metals Ltd trades at A$0.0800, about 77% below its 52-week high of A$0.3450 and 67% above the low of A$0.0480 (as of Oct 19, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0204 is for.
Which stocks are comparable to Iris Metals Ltd?
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 Iris Metals Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0800, calculated fair value A$0.0204 (−75%), Quality Score 21/100, 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 IR1 calculated?
We run Iris Metals Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0204 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. Iris Metals 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 Iris Metals Ltd (IR1)?
The latest price we hold is from Oct 19, 2026 and stands at A$0.0800. Our model-based fair value is A$0.0204, about 75% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iris Metals Ltd right now?
The price sits above even our optimistic bull case (A$0.0272). The favourable scenario is already priced in. Weak quality (21/100) 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.

Key figures of Iris Metals Ltd

How large is the market capitalisation of Iris Metals Ltd (IR1)?
The market capitalisation of Iris Metals Ltd is A$17.8M (≈ $12.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Iris Metals Ltd (IR1)?
Earnings per share at Iris Metals Ltd are A$−0.1000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Iris Metals Ltd (IR1)?
The return on equity (ROE) of Iris Metals Ltd is −58.3% (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 Iris Metals Ltd (IR1)?
On an EBIT basis the return on assets of Iris Metals Ltd is −40.1% (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 Iris Metals Ltd (IR1)?
The operating margin of Iris Metals Ltd is 4,676% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Iris Metals Ltd (IR1) generate?
The free cash flow of Iris Metals Ltd 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 Iris Metals Ltd (IR1) hold?
Iris Metals Ltd holds more cash than debt, A$4.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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