Kenmare Resources PLC (KMR) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Kenmare Resources PLC stock €4.80, price €3.00, upside +60.0%, quality 35 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 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 5, 2026.
How to read this chart
60‑month range €2.02 – €5.68 · fair‑value band €3.15 – €6.43 · the €3.00 price screens below the €4.80 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Kenmare Resources plc, together with its subsidiaries, engages in the production and sale of mineral sand products in China, Europe, rest of Asia, Saudi Arabia, the United States, and internationally. The company operates the Moma Titanium Minerals Mine located on the northeast coast of Mozambique.
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Its products include ilmenite, rutile, and zircon; monazite; and concentrates, including secondary zircon, mineral sand concentrates, and ZrTi. The company was formerly known as Kenmare Oil Exploration plc and changed its name to Kenmare Resources plc in 1987.
Kenmare Resources plc was incorporated in 1972 and is headquartered in Dublin, Ireland.
Stock analysis
Kenmare Resources PLC (KMR) currently trades at €3.00, while our model-based Fair Value estimate is €4.80, implying the stock looks roughly 38% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the data coverage at medium.
Scenario range: €3.15 (bear) to €6.43 (bull), the price of €3.00 sits below 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 35/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Kenmare Resources PLC reported revenue of $329M in FY2025 versus $456M in FY2021, a compound −7.9%/yr. Reported net income was −$325M in FY2025.
Key figures
Market cap €265M Micro · P/S ratio 0.83 · EPS (TTM) €−2.54 · Dividend yield 3.3% · Net margin −85.5% · Return on equity −28.9% · Return on assets (EBIT) 10.2% (5-year average) · Operating margin −17.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 7 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 49% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at 60%, KMR screens cheaper than that median.
Fair Value models
Bear€3.15Fair Value €4.80Bull€6.43
Price €3.00 · Upside +60.0%
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.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
EV/EBITDA€2.83€4.30€5.7766
NCAV (Graham)€4.12€5.53€8.2554
All 2 models by family
Multiples
EV/EBITDA€2.83€4.30€5.7766
Asset-Based
NCAV (Graham)€4.12€5.53€8.2554
The fair value above starts from this blend and is adjusted for a cyclical trough year.
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.6/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−20.8%
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.
−14.5%
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.
+6.2%
Start year 2020 (pandemic). Over 10 years: +8.7% a year
Revenue growth 30 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.
+20.1%
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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.
21.9% (2019) → 21.5% (2024)
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
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 · 372 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Below median
Fair Value upside+60.0% · Top 25%
Profitability
Return on assets−29.3% · Bottom 25%
Net margin (12 months)−85.5% · Bottom 25%
Operating margin (12 months)−17.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−11.1% · Bottom 25%
Dividend yield (12 months)3.3% · Above median
Balance sheet
Debt / equity0.24× · Above median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is Kenmare Resources PLC (KMR) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of €4.80 versus a price of €3.00, about +60% upside (undervalued).
What is the fair value of KMR?
Our model-based fair value for Kenmare Resources PLC is €4.80 (as of Nov 5, 2026), built from audited fundamentals. The current price: €3.00.
What is the quality score of KMR?
Kenmare Resources PLC has a Quality Score of 35/100. 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 Kenmare Resources PLC (KMR)?
Our model-based price target is the fair value of €4.80 (as of Nov 5, 2026) from 2 valuation models. Cautious scenario €3.15, optimistic scenario €6.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Kenmare Resources PLC stock forecast for 2026?
Our models put fair value at €4.80, about +60% upside versus a price of €3.00 (undervalued). Cautious scenario €3.15, optimistic scenario €6.43. The calculation is refreshed regularly with new filings.
What is the revenue of Kenmare Resources PLC (KMR)?
Kenmare Resources PLC reported trailing-twelve-month revenue of about €310M (latest available figure, as of Nov 5, 2026).
Does Kenmare Resources PLC pay a dividend?
Kenmare Resources PLC currently shows a dividend yield of 3.33% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of Kenmare Resources PLC (KMR) and when is the ex-dividend date?
Kenmare Resources PLC pays a dividend of €0.1 per share a year, a dividend yield of 3.3%. The last ex-dividend date was Sep 18, 2025. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Kenmare Resources PLC (KMR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kenmare Resources PLC it is €4.80 per share (as of Nov 5, 2026), against a price of €3.00. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Kenmare Resources PLC stock overvalued or undervalued in 2026?
As of Nov 5, 2026, KMR trades below its calculated fair value: price €3.00, fair value €4.80, a gap of about +60% (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 KMR?
No. The price is what the market pays today (€3.00); the fair value is what the company's own numbers justify (€4.80). For Kenmare Resources PLC the two are €1.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Kenmare Resources PLC worth?
The market values Kenmare Resources PLC at about €265M (market capitalisation, as of Nov 5, 2026). Per share that is €3.00; our models calculate a fair value of €4.80 per share.
What do the bullish and bearish scenarios say about KMR?
Our models span a range for Kenmare Resources PLC: cautious scenario €3.15, base €4.80, optimistic €6.43 per share (as of Nov 5, 2026, price €3.00). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kenmare Resources PLC (KMR)?
Balance-sheet figures for Kenmare Resources PLC (as of Nov 5, 2026): return on equity −28.9%, debt of 0.24 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is KMR from its 52-week high?
Kenmare Resources PLC trades at €3.00, about 9% below its 52-week high of €3.28 and 49% above the low of €2.02 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of €4.80 is for.
Which stocks are comparable to Kenmare Resources PLC?
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 Kenmare Resources PLC stock attractive at the current price?
The data as of Nov 5, 2026: price €3.00, calculated fair value €4.80 (+60%), Quality Score 35/100, from 2 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 KMR calculated?
We run Kenmare Resources PLC through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of €4.80 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. Kenmare Resources PLC currently trades 38% 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 Kenmare Resources PLC (KMR)?
The closing price on Nov 6, 2026 was €3.00. Our model-based fair value is €4.80, about +60% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kenmare Resources PLC right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€3.15). The market is more pessimistic than our downside scenario. A fairly wide model range (€3.15 to €6.43) leaves room in how you read the outcome.
Key figures of Kenmare Resources PLC
How large is the market capitalisation of Kenmare Resources PLC (KMR)?
The market capitalisation of Kenmare Resources PLC is €265M. 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 Kenmare Resources PLC (KMR)?
The price-to-sales ratio of Kenmare Resources PLC is 0.83 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kenmare Resources PLC (KMR)?
Earnings per share at Kenmare Resources PLC are €−2.54. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Kenmare Resources PLC (KMR)?
The dividend yield of Kenmare Resources PLC is 3.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Kenmare Resources PLC (KMR)?
The net margin of Kenmare Resources PLC is −85.5% (last twelve months). 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 Kenmare Resources PLC (KMR)?
The return on equity (ROE) of Kenmare Resources PLC is −28.9% (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 Kenmare Resources PLC (KMR)?
On an EBIT basis the return on assets of Kenmare Resources PLC is 10.2% (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 Kenmare Resources PLC (KMR)?
The operating margin of Kenmare Resources PLC is −17.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kenmare Resources PLC (KMR)?
Revenue at Kenmare Resources PLC is growing −11.1% versus a year earlier (3y avg −14.5%). 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 Kenmare Resources PLC (KMR)?
Earnings per share at Kenmare Resources PLC are growing −28.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kenmare Resources PLC (KMR) generate?
The free cash flow of Kenmare Resources PLC is −€103M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Kenmare Resources PLC (KMR) carry?
The net debt of Kenmare Resources PLC is €156M (fiscal year 2025). 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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Nov 5, 2026