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Ronin Resources Ltd (RON) fair value: what the stock is really worth

As of Oct 28, 2026: fair value (intrinsic value) of Ronin Resources Ltd stock A$0.07, price A$0.16, that is 54.8% below the price, quality 47 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials AU · ISIN AU0000188849

RR Ronin Resources Ltd logo Thin data Nov 7, 2026

Ronin Resources Ltd

RON · AU
Very expensive, weak quality

Our calculation puts a fair price 55% below what the stock costs today.

Quality 47/100
Mixed Growth (revenue 3y +292.0 %/yr in AUD)
Fair value A$0.0700 · Strongly overvalued
Negative free cash flow
Trails peers (2/7)
Narrow moat 10/100 · thin data
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$0.2700 A$0.0950 Fair Value A$0.0700 Dec 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.

How to read this chart

59‑month range A$0.0950 – A$0.2700 · fair‑value band A$0.0400 – A$0.0800 · the A$0.1550 price screens above the A$0.0700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.

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Company profile

Ronin Resources Ltd engages in the acquisition, development, evaluation, and exploration of mineral properties in Colombia. It explores for thermal coal, as well as gold and copper deposits.

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The company holds 100% interest in the Vetas project, which include one mining title and one mining concession located in Norte de Santander in northeast Colombia.

In addition, it holds interest in the Santa Rosa project that includes three mining license applications located in the foothills of the Serranía de San Lucas in the municipality of Santa Rosa Sur, Department of Bolivár in northern Colombia; and the La Punilla project covering an area of 23,637 hectares located in San Juan, Argentina.

Ronin Resources Ltd was incorporated in 2018 and is based in Melbourne, Australia.

Stock analysis

Ronin Resources Ltd (RON) currently trades at A$0.1550, while our model-based Fair Value estimate is A$0.0700, 55% below the price, so the stock looks overvalued today.

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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.

Scenario range: A$0.0400 (bear) to A$0.0800 (bull), the price of A$0.1550 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 47/100 (below-average quality), in the Basic Materials sector.

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

Ronin Resources Ltd reported revenue of A$110K in FY2025 versus A$13 in FY2021, a compound +858.4%/yr. Reported net income was −A$570K in FY2026.

Key figures

Market cap A$6.3M (≈ $4.3M) Micro · P/S ratio 58.2 · EPS (TTM) A$−0.0100 · Return on equity −19.2% · Return on assets (EBIT) −20.9% (5-year average) · Operating margin −368% · Revenue (TTM) A$108K · Revenue growth (YoY) −1.9%.

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 43% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at −55%, RON screens richer than that median.

Fair Value models

Bear A$0.0400 Fair Value A$0.0700 Bull A$0.0800
Price A$0.1550 · Downside -54.8%
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) A$0.0400 A$0.0700 A$0.0800 52
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0400 A$0.0700 A$0.0800 52

Open the full fair value analysis →

Quality Score breakdown

Overall quality 47/100

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 39
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 49
How calm the share price moves, does not count
Price momentum 28
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 19
Distance to the 52-week high, does not count
New shares 21
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. 33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+37.5%
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.
+292.0%
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.
−1,615,384.6% (2021) → −415.3% (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

RON screens overvalued: fair value 55% below the price. Compare with PT Amman Mineral Internasional Tbk →

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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 · 102 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 47 · Above median
Fair Value upside −54.8% · Below median
Profitability
Return on assets −20.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −1.9% · Below median

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

P/B 2.33× · Cheaper than median
P/S (12 months) 58.19× · Priciest 25%

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
Sibanye Stillwater Limited SBSW $9.50 $12.61 +33% vs RON
Hecla Mining Company HL $14.74 $15.90 +8% vs RON
Triple Flag Precious Metals Corp TFPM $31.53 $32.54 +3% vs RON
Compañía de Minas Buenaventura S.A. BVN $27.99 $26.98 −4% vs RON
International Gemological Institute Limited IGIL ₹407.40 ₹338.90 −17% vs RON
Sino-Platinum Metals Co 600459 ¥16.70 ¥13.23 −21% vs RON
China Gold International Resources Corp CGG C$32.55 C$14.94 −54% vs RON
Artemis Gold Inc ARTG C$40.64 C$15.63 −62% vs RON
Perpetua Resources Corp PPTA $19.53 $5.16 −74% vs RON
PT Amman Mineral Internasional Tbk AMMN 3,620 IDR 881.70 IDR −76% vs RON

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Ronin Resources Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ronin Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/RON

Frequently asked questions

Is Ronin Resources Ltd (RON) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$0.0700 versus the last price from Oct 28, 2026 of A$0.1550, about 55% lower (overvalued).
What is the fair value of RON?
Our model-based fair value for Ronin Resources Ltd is A$0.0700 (as of Nov 7, 2026), built from audited fundamentals. Last price (from Oct 28, 2026): A$0.1550.
What is the quality score of RON?
Ronin Resources Ltd has a Quality Score of 47/100. 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 Ronin Resources Ltd (RON)?
Our model-based price target is the fair value of A$0.0700 (as of Nov 7, 2026) from 1 valuation models. Cautious scenario A$0.0400, optimistic scenario A$0.0800. It is a calculation from audited fundamentals, not an analyst target.
What is the Ronin Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0700, about 55% lower versus the last price from Oct 28, 2026 of A$0.1550 (overvalued). Cautious scenario A$0.0400, optimistic scenario A$0.0800. The calculation is refreshed regularly with new filings.
What is the revenue of Ronin Resources Ltd (RON)?
Ronin Resources Ltd reported trailing-twelve-month revenue of about A$108K (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Ronin Resources Ltd (RON)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ronin Resources Ltd it is A$0.0700 per share (as of Nov 7, 2026), against a price of A$0.1550. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Ronin Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, RON trades above its calculated fair value: price A$0.1550, fair value A$0.0700, a gap of about −55% (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 RON?
No. The price is what the market pays today (A$0.1550); the fair value is what the company's own numbers justify (A$0.0700). For Ronin Resources Ltd the two are A$0.0850 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ronin Resources Ltd worth?
The market values Ronin Resources Ltd at about A$6.3M (market capitalisation, as of Nov 7, 2026). Per share that is A$0.1550; our models calculate a fair value of A$0.0700 per share.
What do the bullish and bearish scenarios say about RON?
Our models span a range for Ronin Resources Ltd: cautious scenario A$0.0400, base A$0.0700, optimistic A$0.0800 per share (as of Nov 7, 2026, price A$0.1550). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ronin Resources Ltd (RON)?
Balance-sheet figures for Ronin Resources Ltd (as of Nov 7, 2026): return on equity −19.2%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is RON from its 52-week high?
Ronin Resources Ltd trades at A$0.1550, about 43% below its 52-week high of A$0.2700 and 19% above the low of A$0.1300 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0700 is for.
Which stocks are comparable to Ronin Resources Ltd?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 Ronin Resources Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price A$0.1550, calculated fair value A$0.0700 (−55%), Quality Score 47/100, 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 RON calculated?
We run Ronin Resources Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0700 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. Ronin Resources 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 Ronin Resources Ltd (RON)?
The latest price we hold is from Oct 28, 2026 and stands at A$0.1550. Our model-based fair value is A$0.0700, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ronin Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.0800). The favourable scenario is already priced in. Weak quality (47/100) 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. A fairly wide model range (A$0.0400 to A$0.0800) leaves room in how you read the outcome.

Key figures of Ronin Resources Ltd

How large is the market capitalisation of Ronin Resources Ltd (RON)?
The market capitalisation of Ronin Resources Ltd is A$6.3M (≈ $4.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Ronin Resources Ltd (RON)?
The price-to-sales ratio of Ronin Resources Ltd is 58.2 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Ronin Resources Ltd (RON)?
Earnings per share at Ronin Resources Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Ronin Resources Ltd (RON)?
The return on equity (ROE) of Ronin Resources Ltd is −19.2% (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 Ronin Resources Ltd (RON)?
On an EBIT basis the return on assets of Ronin Resources Ltd is −20.9% (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 Ronin Resources Ltd (RON)?
The operating margin of Ronin Resources Ltd is −368% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ronin Resources Ltd (RON)?
Revenue at Ronin Resources Ltd is growing −1.9% versus a year earlier (3y avg +292%). 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 Ronin Resources Ltd (RON) generate?
The free cash flow of Ronin Resources Ltd is −A$551K (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 Ronin Resources Ltd (RON) hold?
Ronin Resources Ltd holds more cash than debt, A$2.8M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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