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Sunshine Metals Ltd (SHN) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Sunshine Metals Ltd stock A$0.02, price A$0.02, that is 12.4% below the price, quality 36 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 AU0000121808

SM Sunshine Metals Ltd logo Thin data Nov 10, 2026

Sunshine Metals Ltd

SHN · AU
Expensive, weak quality

Our calculation puts a fair price 12% below what the stock costs today.

Low debt
Ranks above peers (6/9)
Fair value A$0.0201 · Overvalued
Quality 36/100
Weak Growth (revenue 5y −4.9 %/yr in AUD)
Negative free cash flow
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$0.0630 A$0.0060 Fair Value A$0.0201 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$0.0060 – A$0.0630 · fair‑value band A$0.0195 – A$0.0207 · the A$0.0230 price screens above the A$0.0201 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

Sunshine Metals Limited engages in the exploration and development of mineral projects in Australia. The company explores for copper, gold, zinc, lead, and silver, as well as molybdenite and base metal deposits.

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It holds 100% interest in the Ravenswood Consolidated Project, which covers approximately 1,760 square kilometers located in Townsville, Australia. The company was formerly known as Sunshine Gold Limited and changed its name to Sunshine Metals Limited in July 2023.

Sunshine Metals Limited was incorporated in 1994 and is based in North Ward, Australia.

Stock analysis

Sunshine Metals Ltd (SHN) currently trades at A$0.0230, while our estimate is A$0.0201, 12% 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$0.0195 (bear) to A$0.0207 (bull), the price of A$0.0230 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 36/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Sunshine Metals Ltd reported revenue of A$36.7K in FY2025 versus A$16.3K in FY2021, a compound +22.5%/yr. Reported net income was −A$1.2M in FY2026.

Key figures

Market cap A$74.8M (≈ $51.5M) Micro · Return on equity −3.9% · Return on assets (EBIT) −7.2% (5-year average) · Revenue (TTM) A$31.0K · Revenue growth (YoY) −97.5% · Free cash flow −A$1.1M · Net cash A$20.4M.

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 51% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −12%, SHN screens richer than that median.

Fair Value

Bear A$0.0195 Fair Value A$0.0201 Bull A$0.0207
Price A$0.0230 · Downside -12.4%
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 36/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 4
How much profit the company makes from its sales and capital
Quality Growth 90
Are margins and returns getting better?
Cashflow 9
Do the profits arrive as real cash?
Financial strength 85
Debt, balance sheet and risk of trouble
Investment 33
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 23
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 27
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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+171.7%
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.
+83.6%
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.
−4.9%
Start year 2020 (pandemic). Over 10 years: −27.9% a year
Revenue growth 24 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.
+24.3%
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.
−1,227.3% (2020) → −3,910.0% (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

SHN screens overvalued: fair value 12% below the price. Compare with BHP Group →

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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 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 36 · Below median
Fair Value upside −12.6% · Above median
Profitability
Return on assets −1.8% · Above median
Operating margin (12 months) 0.0% · Above median
Growth and dividend
Revenue growth (quarter YoY) −97.5% · Bottom 25%

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

P/B 1.59× · Cheaper than median
PEG 2.46× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)17 · sector 4
FUTURE (revenue growth)0 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · 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 SHN
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs SHN
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs SHN
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs SHN
Boliden AB BOL kr 515.20 kr 464.45 −10% vs SHN
BHP Group BHP A$60.39 A$47.47 −21% vs SHN
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs SHN
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs SHN
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs SHN
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs SHN

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Sunshine Metals Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Sunshine Metals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SHN

Frequently asked questions

Is Sunshine Metals Ltd (SHN) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0201 versus a price of A$0.0230, about 12% lower (overvalued).
What is the fair value of SHN?
Our estimate for Sunshine Metals Ltd is A$0.0201 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0230.
What is the quality score of SHN?
Sunshine Metals Ltd has a Quality Score of 36/100. 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 Sunshine Metals Ltd (SHN)?
Our calculated price target is the estimate of A$0.0201 (as of Nov 10, 2026). Cautious scenario A$0.0195, optimistic scenario A$0.0207. 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 Sunshine Metals Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0201, about 12% lower versus a price of A$0.0230 (overvalued). Cautious scenario A$0.0195, optimistic scenario A$0.0207. The calculation is refreshed regularly with new filings.
What is the revenue of Sunshine Metals Ltd (SHN)?
Sunshine Metals Ltd reported trailing-twelve-month revenue of about A$31.0K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Sunshine Metals Ltd (SHN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Sunshine Metals Ltd it is A$0.0201 per share (as of Nov 10, 2026), against a price of A$0.0230.
Is Sunshine Metals Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, SHN trades above its calculated fair value: price A$0.0230, fair value A$0.0201, a gap of about −12% (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 SHN?
No. The price is what the market pays today (A$0.0230); the fair value is what the company's own numbers justify (A$0.0201). For Sunshine Metals Ltd the two are A$0.0029 per share apart. That gap is exactly why we show both numbers side by side.
How much is Sunshine Metals Ltd worth?
The market values Sunshine Metals Ltd at about A$74.8M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0230; our models calculate a fair value of A$0.0201 per share.
What do the bullish and bearish scenarios say about SHN?
Our models span a range for Sunshine Metals Ltd: cautious scenario A$0.0195, base A$0.0201, optimistic A$0.0207 per share (as of Nov 10, 2026, price A$0.0230). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SHN?
The PEG ratio of Sunshine Metals Ltd is 2.46 (P/E divided by earnings growth, as of Nov 10, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Sunshine Metals Ltd (SHN)?
Balance-sheet figures for Sunshine Metals Ltd (as of Nov 10, 2026): return on equity −3.9%. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is SHN from its 52-week high?
Sunshine Metals Ltd trades at A$0.0230, about 51% below its 52-week high of A$0.0470 and 35% above the low of A$0.0170 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0201 is for.
Which stocks are comparable to Sunshine Metals 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 Sunshine Metals Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0230, calculated fair value A$0.0201 (−12%), Quality Score 36/100. 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. Sunshine Metals 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 Sunshine Metals Ltd (SHN)?
The closing price on Nov 11, 2026 was A$0.0230. Our estimate is A$0.0201, about 12% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Sunshine Metals Ltd right now?
The price sits above even our optimistic bull case (A$0.0207). The favourable scenario is already priced in. The models converge in a tight band (A$0.0195 to A$0.0207), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Sunshine Metals Ltd

How large is the market capitalisation of Sunshine Metals Ltd (SHN)?
The market capitalisation of Sunshine Metals Ltd is A$74.8M (≈ $51.5M). 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 Sunshine Metals Ltd (SHN)?
The return on equity (ROE) of Sunshine Metals Ltd is −3.9% (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 Sunshine Metals Ltd (SHN)?
On an EBIT basis the return on assets of Sunshine Metals Ltd is −7.2% (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 fast is revenue growing at Sunshine Metals Ltd (SHN)?
Revenue at Sunshine Metals Ltd is growing −97.5% versus a year earlier (3y avg +83.6%). 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 Sunshine Metals Ltd (SHN) generate?
The free cash flow of Sunshine Metals Ltd is −A$1.1M (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 Sunshine Metals Ltd (SHN) hold?
Sunshine Metals Ltd holds more cash than debt, A$20.4M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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