Nex Metals Explorations Limited (NME) fair value: what the stock is really worth
As of Oct 29, 2026: fair value (intrinsic value) of Nex Metals Explorations Limited stock A$0.02, price A$0.01, upside +39.0%, quality 40 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
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$0.0110 – A$0.0500 · fair‑value band A$0.0142 – A$0.0175 · the A$0.0110 price screens below the A$0.0153 fair value. As of Nov 4, 2026.
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Nex Metals Explorations Limited engages in the exploration of mineral properties in Australia. The company primarily explores for gold, copper, and nickel deposits. It holds interests in the Kookynie gold project and the Yundamindra gold project located in the Eastern Goldfields, Western Australia.
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The company also holds interests in the Kookynie Tailings Research Project located in Cosmopolitan tenement. Nex Metals Explorations Limited was incorporated in 2007 and is based in Osborne Park, Australia.
Stock analysis
Nex Metals Explorations Limited (NME) currently trades at A$0.0110, while our model-based Fair Value estimate is A$0.0153, implying the stock looks roughly 28.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of A$0.0500 per share, and 4 of the 4 models we run sit above the A$0.0110 price.
Bear case: the Earnings-Based group reads lowest at A$0.0300, and 0 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$0.0142 (bear) to A$0.0175 (bull), the price of A$0.0110 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 40/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Nex Metals Explorations Limited reported revenue of A$5.0K in FY2025 versus A$0 in FY2021. Reported net income was A$1.1M in FY2026.
Key figures
Market cap A$3.7M (≈ $2.6M) Micro · P/S ratio 44.0 · Return on assets (EBIT) −118% · Operating margin −396% · Revenue growth (YoY) +16.1% · Free cash flow −A$416K · Net debt A$63.2K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (low confidence).
What moves the price
The share trades about 54% 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 −4% fair-value upside, at 39%, NME screens cheaper than that median.
Fair Value models
BearA$0.0142Fair Value A$0.0153BullA$0.0175
Price A$0.0110 · Upside +39.0%
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.
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.14/100
Revenue growth is weak, negative or inconsistent.
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.
Compare Nex Metals Explorations Limited with another stock
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.Gold · 201 stocks
Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score40 · Below median
Fair Value upside+39.1% · Top 25%
Profitability
Return on equity (12 months)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets54.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)16.1% · Below median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Gold median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (12 months)43.17× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)85· sector 4
FUTURE (revenue growth)81· sector 100
PAST (return on equity)0· sector 38
HEALTH (low debt)0· sector 99
DIVIDEND (yield)0· sector 29
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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Is Nex Metals Explorations Limited (NME) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0153 versus a price of A$0.0110, about +39% upside (undervalued).
What is the fair value of NME?
Our model-based fair value for Nex Metals Explorations Limited is A$0.0153 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0110.
What is the quality score of NME?
Nex Metals Explorations Limited has a Quality Score of 40/100. 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 Nex Metals Explorations Limited (NME)?
Our model-based price target is the fair value of A$0.0153 (as of Nov 4, 2026) from 4 valuation models. Cautious scenario A$0.0142, optimistic scenario A$0.0175. It is a calculation from audited fundamentals, not an analyst target.
What is the Nex Metals Explorations Limited stock forecast for 2026?
Our models put fair value at A$0.0153, about +39% upside versus a price of A$0.0110 (undervalued). Cautious scenario A$0.0142, optimistic scenario A$0.0175. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Nex Metals Explorations Limited (NME)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nex Metals Explorations Limited it is A$0.0153 per share (as of Nov 4, 2026), against a price of A$0.0110. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Nex Metals Explorations Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, NME trades below its calculated fair value: price A$0.0110, fair value A$0.0153, a gap of about +39% (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 NME?
No. The price is what the market pays today (A$0.0110); the fair value is what the company's own numbers justify (A$0.0153). For Nex Metals Explorations Limited the two are A$0.0043 per share apart. That gap is exactly why we show both numbers side by side.
How much is Nex Metals Explorations Limited worth?
The market values Nex Metals Explorations Limited at about A$3.7M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0110; our models calculate a fair value of A$0.0153 per share.
What do the bullish and bearish scenarios say about NME?
Our models span a range for Nex Metals Explorations Limited: cautious scenario A$0.0142, base A$0.0153, optimistic A$0.0175 per share (as of Nov 4, 2026, price A$0.0110). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nex Metals Explorations Limited (NME)?
Balance-sheet figures for Nex Metals Explorations Limited (as of Nov 4, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is NME from its 52-week high?
Nex Metals Explorations Limited trades at A$0.0110, about 54% below its 52-week high of A$0.0240 and at the low of A$0.0110 (as of Nov 3, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0153 is for.
Which stocks are comparable to Nex Metals Explorations 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 Nex Metals Explorations Limited stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0110, calculated fair value A$0.0153 (+39%), Quality Score 40/100, from 4 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 NME calculated?
We run Nex Metals Explorations Limited through 4 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$0.0153, 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. Nex Metals Explorations Limited currently trades 28 % 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 Nex Metals Explorations Limited (NME)?
The closing price on Oct 29, 2026 was A$0.0110. Our model-based fair value is A$0.0153, about +39% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nex Metals Explorations Limited right now?
The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (A$0.0142). The market is more pessimistic than our downside scenario. 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 Nex Metals Explorations Limited
How large is the market capitalisation of Nex Metals Explorations Limited (NME)?
The market capitalisation of Nex Metals Explorations Limited is A$3.7M (≈ $2.6M). 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 Nex Metals Explorations Limited (NME)?
The price-to-sales ratio of Nex Metals Explorations Limited is 44.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the EBIT return on assets of Nex Metals Explorations Limited (NME)?
On an EBIT basis the return on assets of Nex Metals Explorations Limited is −118% (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 Nex Metals Explorations Limited (NME)?
The operating margin of Nex Metals Explorations Limited is −396% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nex Metals Explorations Limited (NME)?
Revenue at Nex Metals Explorations Limited is growing +16.1% 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 free cash flow does Nex Metals Explorations Limited (NME) generate?
The free cash flow of Nex Metals Explorations Limited is −A$416K (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Nex Metals Explorations Limited (NME) carry?
The net debt of Nex Metals Explorations Limited is A$63.2K (fiscal year 2026). 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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Thin data
Nov 4, 2026
