Maritana Minerals Limited (MRT) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Maritana Minerals Limited stock A$0.37, price A$0.57, that is 35.2% below the price, quality 48 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
60‑month range A$0.4200 – A$2.18 · fair‑value band A$0.2648 – A$0.4135 · the A$0.5650 price screens above the A$0.3659 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Maritana Minerals Limited engages in the exploration, development, and production of gold and other mineral resources in Australia. It primarily explores for gold, nickel, cobalt, silver, and zinc deposits.
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The company was formerly known as Horizon Minerals Limited and changed its name to Maritana Minerals Limited in April 2026. Maritana Minerals Limited was incorporated in 1974 and is based in West Perth, Australia.
Stock analysis
Maritana Minerals Limited (MRT) currently trades at A$0.5650, while our model-based Fair Value estimate is A$0.3659, 35% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$1.28 per share, and 22 of the 24 models we run sit above the A$0.5650 price.
Bear case: the Asset-Based group reads lowest at A$0.4600, and 2 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.2648 (bear) to A$0.4135 (bull), the price of A$0.5650 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 48/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Maritana Minerals Limited reported revenue of A$80.6M in FY2026 versus A$3.3M in FY2022, a compound +121.9%/yr. Reported net income was A$62.9M in FY2026.
Key figures
Market cap A$211M (≈ $145M) Micro · P/E ratio 2.2 · P/S ratio 1.81 · EPS (TTM) A$0.2600 · Net margin 78.1% · Return on equity 29.3% · Return on assets (EBIT) −6.7% (5-year average) · Operating margin −25.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (medium confidence).
What moves the price
The share trades about 63% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −35%, MRT screens richer than that median.
Fair Value models
BearA$0.2648Fair Value A$0.3659BullA$0.4135
Price A$0.5650 · Downside -35.2%
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. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.0940 per share) are deliberately not added.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
FCF DCFA$0.7800A$0.8400A$1.0378
Growth DCFA$0.7700A$0.8600A$1.0075
5Y EBITDA ExitA$0.9700A$1.27A$1.8870
All 24 models by family
DCF Models
FCF DCFA$0.7800A$0.8400A$1.0378
Owner EarningsA$2.19A$3.66A$6.1769
5Y Revenue ExitA$0.8300A$0.9900A$1.3469
5Y EBITDA ExitA$0.9700A$1.27A$1.8870
5Y P/E ExitA$2.03A$4.17A$7.1563
10Y Revenue ExitA$0.8000A$1.03A$1.1964
10Y EBITDA ExitA$0.8900A$1.28A$1.9863
10Y P/E ExitA$1.54A$3.19A$6.0156
Earnings-Based
Graham-DoddA$1.15A$7.99A$11.2161
Lynch FVA$4.13A$5.89A$7.6659
PEG = 1.0A$4.13A$5.89A$7.6655
EPVA$0.7900A$0.8100A$0.830070
Multiples
P/E MultipleA$2.15A$2.86A$3.5863
P/S MultipleA$0.2400A$0.3200A$0.400058
P/B MultipleA$2.08A$2.78A$3.4755
EV/EBITA$0.9300A$1.04A$1.1463
EV/EBITDAA$1.08A$1.23A$1.3964
EV/RevenueA$0.8400A$0.9400A$1.0352
Asset-Based
NCAV (Graham)A$0.3000A$0.4600A$0.570052
Growth DCF
Growth DCFA$0.7700A$0.8600A$1.0075
Rev-Margin DCFA$0.8500A$1.05A$1.4669
Economic Profit
Residual IncomeA$0.8900A$1.12A$1.6567
ROIC CompounderA$0.7900A$0.8100A$0.830068
Growth Earnings
Growth-Adj P/EA$5.08A$7.25A$9.4365
The fair value above starts from this blend and is adjusted for a cyclical peak 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.72/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+118.6%
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.
+35.2%
Start year 2021 (pandemic)
’09
’10
’11
’12
’17
’18
’19
’21
’22
’24
’25
’26
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+79.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+79.1%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘ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.3% → 14%
Growth Forecast
Little optimism in the price
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
less than -40 %
The company could shrink this much every year for the next five years and today's price would still be justified.
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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 · 206 stocks
Beats the industry median on 7/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score48 · Above median
Fair Value upside−35.2% · Below median
Profitability
Return on equity (12 months)29.3% · Top 25%
Return on assets15.4% · Top 25%
Net margin (12 months)78.1% · Top 25%
Operating margin (12 months)−25.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−47.1% · Bottom 25%
Valuation Multiplesvs Gold median · lower = cheaper
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 Maritana Minerals Limited (MRT) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of A$0.3659 versus a price of A$0.5650, about 35% lower (overvalued).
What is the fair value of MRT?
Our model-based fair value for Maritana Minerals Limited is A$0.3659 (as of Nov 8, 2026), built from audited fundamentals. The current price: A$0.5650.
What is the quality score of MRT?
Maritana Minerals Limited has a Quality Score of 48/100. 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 Maritana Minerals Limited (MRT)?
Our model-based price target is the fair value of A$0.3659 (as of Nov 8, 2026) from 24 valuation models. Cautious scenario A$0.2648, optimistic scenario A$0.4135. It is a calculation from audited fundamentals, not an analyst target.
What is the Maritana Minerals Limited stock forecast for 2026?
Our models put fair value at A$0.3659, about 35% lower versus a price of A$0.5650 (overvalued). Cautious scenario A$0.2648, optimistic scenario A$0.4135. The calculation is refreshed regularly with new filings.
What is the revenue of Maritana Minerals Limited (MRT)?
Maritana Minerals Limited reported trailing-twelve-month revenue of about A$80.6M (latest available figure, as of Nov 8, 2026).
What growth is priced into Maritana Minerals Limited (MRT)?
For today's price to be fair in a discounted-cash-flow model, Maritana Minerals Limited would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 13.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +35.2 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of MRT use?
Our models discount Maritana Minerals Limited at 13.0 %: a base by market capitalisation (micro), damped by beta 1.17, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Maritana Minerals Limited that is less than minus 40 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.0 %) and the same formula as our fair value.
How much growth has Maritana Minerals Limited (MRT) delivered so far?
Over the past 5 years revenue at Maritana Minerals Limited grew +35.2 % a year. The price currently implies free-cash-flow growth of less than minus 40 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Maritana Minerals Limited (MRT) growing?
The median revenue growth in the sector is +10.9 % a year. That is the yardstick for the growth priced into Maritana Minerals Limited (less than minus 40 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Maritana Minerals Limited (MRT)?
The free-cash-flow yield on the price is 3.05 %: that much free cash flow Maritana Minerals Limited produces per unit of market value. When it exceeds the discount rate of our models (13.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Maritana Minerals Limited (MRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maritana Minerals Limited it is A$0.3659 per share (as of Nov 8, 2026), against a price of A$0.5650. It is the blended result of 24 valuation models in 7 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Maritana Minerals Limited stock overvalued or undervalued in 2026?
As of Nov 8, 2026, MRT trades above its calculated fair value: price A$0.5650, fair value A$0.3659, a gap of about −35% (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 MRT?
No. The price is what the market pays today (A$0.5650); the fair value is what the company's own numbers justify (A$0.3659). For Maritana Minerals Limited the two are A$0.1991 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maritana Minerals Limited worth?
The market values Maritana Minerals Limited at about A$211M (market capitalisation, as of Nov 8, 2026). Per share that is A$0.5650; our models calculate a fair value of A$0.3659 per share.
What do the bullish and bearish scenarios say about MRT?
Our models span a range for Maritana Minerals Limited: cautious scenario A$0.2648, base A$0.3659, optimistic A$0.4135 per share (as of Nov 8, 2026, price A$0.5650). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MRT?
Maritana Minerals Limited trades at a price-to-earnings ratio of 2.2 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.3659 is built from several models across several years. Other multiples: P/B 0.4, P/S 1.8.
How solid is the balance sheet of Maritana Minerals Limited (MRT)?
Balance-sheet figures for Maritana Minerals Limited (as of Nov 8, 2026): return on equity 29.3%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is MRT from its 52-week high?
Maritana Minerals Limited trades at A$0.5650, about 63% below its 52-week high of A$1.51 and 20% above the low of A$0.4700 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.3659 is for.
Which stocks are comparable to Maritana Minerals Limited?
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 Maritana Minerals Limited stock attractive at the current price?
The data as of Nov 8, 2026: price A$0.5650, calculated fair value A$0.3659 (−35%), Quality Score 48/100, from 24 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 MRT calculated?
We run Maritana Minerals Limited through 24 models from 7 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$0.3659 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. Maritana Minerals 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 Maritana Minerals Limited (MRT)?
The closing price on Nov 9, 2026 was A$0.5650. Our model-based fair value is A$0.3659, about 35% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maritana Minerals Limited right now?
The price sits above even our optimistic bull case (A$0.4135). The favourable scenario is already priced in. Weak quality (48/100) 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 Maritana Minerals Limited
How large is the market capitalisation of Maritana Minerals Limited (MRT)?
The market capitalisation of Maritana Minerals Limited is A$211M (≈ $145M). 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 Maritana Minerals Limited (MRT)?
The price-to-sales ratio of Maritana Minerals Limited is 1.81 (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 Maritana Minerals Limited (MRT)?
Earnings per share at Maritana Minerals Limited are A$0.2600 (price ÷ EPS = P/E 2.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Maritana Minerals Limited (MRT)?
The net margin of Maritana Minerals Limited is 78.1% (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 Maritana Minerals Limited (MRT)?
The return on equity (ROE) of Maritana Minerals Limited is 29.3% (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 Maritana Minerals Limited (MRT)?
On an EBIT basis the return on assets of Maritana Minerals Limited is −6.7% (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 Maritana Minerals Limited (MRT)?
The operating margin of Maritana Minerals Limited is −25.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maritana Minerals Limited (MRT)?
Revenue at Maritana Minerals Limited is growing −47.1% versus a year earlier. How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Maritana Minerals Limited (MRT) hold?
Maritana Minerals Limited holds more cash than debt, A$229M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026