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Mamba Exploration Ltd (M24) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Mamba Exploration Ltd stock A$0.04, price A$0.05, that is 17.5% 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 AU0000129348

ME Mamba Exploration Ltd logo Thin data Nov 10, 2026

Mamba Exploration Ltd

M24 · AU
Expensive, weak quality

Our calculation puts a fair price 18% below what the stock costs today.

Mixed Growth (revenue 3y +59.0 %/yr in AUD)
Fair value A$0.0396 · Overvalued
Quality 31/100
Negative free cash flow
Trails peers (2/7)
Narrow moat 10/100 · thin data
Thin data
⟳ CyclicalEstimate
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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$0.2400 A$0.0080 Fair Value A$0.0396 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$0.0080 – A$0.2400 · fair‑value band A$0.0360 – A$0.0433 · the A$0.0480 price screens above the A$0.0396 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

Mamba Exploration Limited operates as an exploration and development company in Australia. It primarily explores for gold, copper, nickel, manganese, cobalt, silver, and base metal deposits.

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The company holds a 100% interest Calyerup Creek project comprising two granted exploration licences that covers approximately 45 square kilometers located in Western Australia; and 100% in Ashburton Project comprising three granted exploration licences which covers 204 blocks or approximately 610 square kilometers located in Western Australia; and Kimberley projects comprises of 4 sub-projects located in the Kimberley region of Western Australia.

Mamba Exploration Limited was incorporated in 2020 and is based in Subiaco, Australia.

Stock analysis

Mamba Exploration Ltd (M24) currently trades at A$0.0480, while our estimate is A$0.0396, 18% 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$0.0360 (bear) to A$0.0433 (bull), the price of A$0.0480 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.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Mamba Exploration Ltd reported revenue of A$68.4K in FY2025 versus A$0 in FY2021. Reported net income was −A$734K in FY2026.

Key figures

Market cap A$28.7M (≈ $19.7M) Micro · Return on equity −10.8% · Return on assets (EBIT) −16.3% (5-year average) · Operating margin −196% · Revenue (TTM) A$182K · Revenue growth (YoY) +506% · Free cash flow −A$839K · Net cash A$1.2M.

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 32% below its 52-week high and 243% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −18%, M24 screens richer than that median.

Fair Value

Bear A$0.0360 Fair Value A$0.0396 Bull A$0.0433
Price A$0.0480 · Downside -17.5%
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 69
Are margins and returns getting better?
Cashflow 8
Do the profits arrive as real cash?
Financial strength 87
Debt, balance sheet and risk of trouble
Investment 18
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 100
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 80
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. 26/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+24.1%
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.
+59.0%
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.
−7,215.6% (2022) → −1,457.0% (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

M24 screens overvalued: fair value 18% below the price. Compare with BHP Group →

Compare Mamba Exploration 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 Industrial Metals & Mining · 577 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Below median
Fair Value upside −17.5% · Above median
Profitability
Return on assets −8.7% · Below median
Operating margin (12 months) −195.7% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 505.6% · Top 25%

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

P/B 3.70× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)10 · sector 4
FUTURE (revenue growth)100 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · 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 M24
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs M24
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs M24
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs M24
Boliden AB BOL kr 515.20 kr 464.45 −10% vs M24
BHP Group BHP A$60.39 A$47.47 −21% vs M24
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs M24
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs M24
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs M24
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs M24

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Mamba Exploration Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Mamba Exploration Ltd Fair Value". https://www.fairvalue-calculator.com/stock/M24

Frequently asked questions

Is Mamba Exploration Ltd (M24) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0396 versus a price of A$0.0480, about 18% lower (overvalued).
What is the fair value of M24?
Our estimate for Mamba Exploration Ltd is A$0.0396 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0480.
What is the quality score of M24?
Mamba Exploration Ltd 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 Mamba Exploration Ltd (M24)?
Our calculated price target is the estimate of A$0.0396 (as of Nov 10, 2026). Cautious scenario A$0.0360, optimistic scenario A$0.0433. 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 Mamba Exploration Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0396, about 18% lower versus a price of A$0.0480 (overvalued). Cautious scenario A$0.0360, optimistic scenario A$0.0433. The calculation is refreshed regularly with new filings.
What is the revenue of Mamba Exploration Ltd (M24)?
Mamba Exploration Ltd reported trailing-twelve-month revenue of about A$182K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Mamba Exploration Ltd (M24)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Mamba Exploration Ltd it is A$0.0396 per share (as of Nov 10, 2026), against a price of A$0.0480.
Is Mamba Exploration Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, M24 trades above its calculated fair value: price A$0.0480, fair value A$0.0396, a gap of about −18% (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 M24?
No. The price is what the market pays today (A$0.0480); the fair value is what the company's own numbers justify (A$0.0396). For Mamba Exploration Ltd the two are A$0.0084 per share apart. That gap is exactly why we show both numbers side by side.
How much is Mamba Exploration Ltd worth?
The market values Mamba Exploration Ltd at about A$28.7M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0480; our models calculate a fair value of A$0.0396 per share.
What do the bullish and bearish scenarios say about M24?
Our models span a range for Mamba Exploration Ltd: cautious scenario A$0.0360, base A$0.0396, optimistic A$0.0433 per share (as of Nov 10, 2026, price A$0.0480). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Mamba Exploration Ltd (M24)?
Balance-sheet figures for Mamba Exploration Ltd (as of Nov 10, 2026): return on equity −10.8%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
How far is M24 from its 52-week high?
Mamba Exploration Ltd trades at A$0.0480, about 32% below its 52-week high of A$0.0710 and 243% above the low of A$0.0140 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0396 is for.
Which stocks are comparable to Mamba Exploration Ltd?
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 Mamba Exploration Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0480, calculated fair value A$0.0396 (−18%), 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. Mamba Exploration 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 Mamba Exploration Ltd (M24)?
The closing price on Nov 11, 2026 was A$0.0480. Our estimate is A$0.0396, about 18% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Mamba Exploration Ltd right now?
The price sits above even our optimistic bull case (A$0.0433). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Mamba Exploration Ltd

How large is the market capitalisation of Mamba Exploration Ltd (M24)?
The market capitalisation of Mamba Exploration Ltd is A$28.7M (≈ $19.7M). 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 return on equity of Mamba Exploration Ltd (M24)?
The return on equity (ROE) of Mamba Exploration Ltd is −10.8% (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 Mamba Exploration Ltd (M24)?
On an EBIT basis the return on assets of Mamba Exploration Ltd is −16.3% (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 Mamba Exploration Ltd (M24)?
The operating margin of Mamba Exploration Ltd is −196% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Mamba Exploration Ltd (M24)?
Revenue at Mamba Exploration Ltd is growing +506% versus a year earlier (3y avg +59.0%). 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 Mamba Exploration Ltd (M24) generate?
The free cash flow of Mamba Exploration Ltd is −A$839K (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 Mamba Exploration Ltd (M24) hold?
Mamba Exploration Ltd holds more cash than debt, A$1.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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