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M3 Mining Limited (M3M) fair value: what the stock is really worth

As of Nov 4, 2026: fair value (intrinsic value) of M3 Mining Limited stock A$0.02, price A$0.02, that is 9.0% below the price, quality 39 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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Basic Materials AU · ISIN AU0000157661

MM M3 Mining Limited logo Thin data Nov 4, 2026

M3 Mining Limited

M3M · AU
Low Priority

The stock costs about what our calculation considers fair.

Revenue last quarter +64% vs. a year ago.
Fair value A$0.0173 · Fairly valued (−9.0%)
Mixed Growth (revenue 3y +306.1 %/yr in AUD)
Mixed vs. peers (3/7)
Quality 39/100
Negative free cash flow
Narrow moat 9/100
Thin data
⟳ Cyclical⚠ 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$0.4850 A$0.0190 Fair Value A$0.0173 Aug 2021 Nov 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$0.0190 – A$0.4850 · the A$0.0190 price screens above the A$0.0173 fair value. As of Nov 4, 2026.

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Company profile

M3 Mining Limited engages in the exploration and evaluation of mineral resources in Australia. It primarily explores for copper and gold deposits.

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The company holds 100% interest in the Edjudina located in the northeast of Kalgoorlie in Western Australia; and the Victoria Bore project located in south east of Exmouth in Western Australia. M3 Mining Limited was incorporated in 2020 and is headquartered in Perth, Australia.

Stock analysis

M3 Mining Limited (M3M) currently trades at A$0.0190, while our model-based Fair Value estimate is A$0.0173, so the stock looks roughly fairly valued today (gap 9.9%).

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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.

Quality & growth

The Quality Score stands at 39/100 (below-average quality), in the Basic Materials sector.

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

M3 Mining Limited reported revenue of A$70.3K in FY2024 versus A$130 in FY2020, a compound +382.3%/yr. Reported net income was −A$1.4M in FY2025.

Key figures

Market cap A$4.0M (≈ $2.8M) Micro · EPS (TTM) A$−0.0100 · Return on equity −114% · Return on assets (EBIT) −94.3% · Revenue (TTM) −A$34.9K · Revenue growth (YoY) +63.7% · Free cash flow −A$1.4M · Net cash A$1.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (medium confidence).

What moves the price

The share trades about 51% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 1% fair-value upside, at −9%, M3M screens richer than that median.

Fair Value models

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) n/a A$0.0100 A$0.0100 50
All 1 models by family
Asset-Based
NCAV (Graham) n/a A$0.0100 A$0.0100 50

Open the full fair value analysis →

Quality Score breakdown

Overall quality 39/100

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 46
Are margins and returns getting better?
Cashflow 10
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 88
Does it invest with discipline instead of growing at any price?
Low Volatility 39
How calm the share price moves, does not count
Price momentum 11
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
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. 30/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−19.1%
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.
+306.1%
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.
−564,346.2% (2020) → −2,542.9% (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
not computed

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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 · 101 stocks

Beats the industry median on 3/6 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 39 · Below median
Fair Value upside −8.9% · Above median
Profitability
Return on assets −82.8% · Bottom 25%
Operating margin (12 months) 0.0% · Below median
Growth and dividend
Revenue growth (quarter YoY) 63.7% · Above median

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

P/B 1.67× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)21 · sector 0
FUTURE (revenue growth)100 · sector 84
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 58

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 Precious Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
China Gold International Resources Corp CGG C$29.93 C$42.49 +42% vs M3M
Sibanye Stillwater Limited SBSW $8.60 $11.97 +39% vs M3M
Hecla Mining Company HL $13.21 $14.88 +13% vs M3M
Triple Flag Precious Metals Corp TFPM $28.25 $30.94 +10% vs M3M
Compañía de Minas Buenaventura S.A. BVN $26.76 $26.98 +1% vs M3M
International Gemological Institute Limited IGIL ₹407.85 ₹338.90 −17% vs M3M
Sino-Platinum Metals Co 600459 ¥16.05 ¥13.23 −18% vs M3M
Artemis Gold Inc ARTG C$35.12 C$15.82 −55% vs M3M
Perpetua Resources Corp PPTA $16.07 $5.16 −68% vs M3M
PT Amman Mineral Internasional Tbk AMMN 3,430 IDR 888.63 IDR −74% vs M3M

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M3 Mining Limited: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "M3 Mining Limited Fair Value". https://www.fairvalue-calculator.com/stock/M3M

Frequently asked questions

Is M3 Mining Limited (M3M) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0173 versus a price of A$0.0190, about 9% lower (fairly valued).
What is the fair value of M3M?
Our model-based fair value for M3 Mining Limited is A$0.0173 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0190.
What is the quality score of M3M?
M3 Mining Limited has a Quality Score of 39/100. 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 M3 Mining Limited (M3M)?
Our model-based price target is the fair value of A$0.0173 (as of Nov 4, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the M3 Mining Limited stock forecast for 2026?
Our models put fair value at A$0.0173, about 9% lower versus a price of A$0.0190 (fairly valued). The calculation is refreshed regularly with new filings.
What is the intrinsic value of M3 Mining Limited (M3M)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For M3 Mining Limited it is A$0.0173 per share (as of Nov 4, 2026), against a price of A$0.0190. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is M3 Mining Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, M3M trades above its calculated fair value: price A$0.0190, fair value A$0.0173, a gap of about −9% (fairly valued). 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 M3M?
No. The price is what the market pays today (A$0.0190); the fair value is what the company's own numbers justify (A$0.0173). For M3 Mining Limited the two are A$0.0017 per share apart. That gap is exactly why we show both numbers side by side.
How much is M3 Mining Limited worth?
The market values M3 Mining Limited at about A$4.0M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0190; our models calculate a fair value of A$0.0173 per share.
How solid is the balance sheet of M3 Mining Limited (M3M)?
Balance-sheet figures for M3 Mining Limited (as of Nov 4, 2026): return on equity −113.5%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is M3M from its 52-week high?
M3 Mining Limited trades at A$0.0190, about 51% below its 52-week high of A$0.0390 and at the low of A$0.0190 (as of Nov 4, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0173 is for.
Which stocks are comparable to M3 Mining Limited?
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 M3 Mining Limited stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0190, calculated fair value A$0.0173 (−9%), Quality Score 39/100, 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 M3M calculated?
We run M3 Mining Limited 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$0.0173, 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 14.5 % above its aggregate fair value. M3 Mining 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 M3 Mining Limited (M3M)?
The closing price on Nov 4, 2026 was A$0.0190. Our model-based fair value is A$0.0173, about 9% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with M3 Mining Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of M3 Mining Limited

How large is the market capitalisation of M3 Mining Limited (M3M)?
The market capitalisation of M3 Mining Limited is A$4.0M (≈ $2.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of M3 Mining Limited (M3M)?
Earnings per share at M3 Mining Limited are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of M3 Mining Limited (M3M)?
The return on equity (ROE) of M3 Mining Limited is −114% (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 M3 Mining Limited (M3M)?
On an EBIT basis the return on assets of M3 Mining Limited is −94.3% (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.
How much revenue does M3 Mining Limited (M3M) generate?
M3 Mining Limited generates revenue of −A$34.9K (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at M3 Mining Limited (M3M)?
Revenue at M3 Mining Limited is growing +63.7% versus a year earlier (3y avg +306%). 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 M3 Mining Limited (M3M) generate?
The free cash flow of M3 Mining Limited is −A$1.4M (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 M3 Mining Limited (M3M) hold?
M3 Mining Limited holds more cash than debt, A$1.6M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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