Southstone Minerals Ltd (SML) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Southstone Minerals Ltd stock C$0.07, price C$0.04, upside +95.0%, quality 51 out of 100. Rating: strongly undervalued. Calculated from audited financials with 9 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 7, 2026.
How to read this chart
60‑month range C$0.0050 – C$1,797 · fair‑value band C$0.0578 – C$0.0753 · the C$0.0350 price screens below the C$0.0683 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Southstone Minerals Limited engages in the acquisition, exploration, evaluation, and development of mineral properties in Canada. It holds interest in the Oena Diamond Mine, an alluvial diamond property, which is located in the Northern Cape Province in South Africa.
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The company was formerly known as Tango Mining Limited and changed its name to Southstone Minerals Limited in October 2019. The company was incorporated in 2007 and is based in Victoria, Canada.
Stock analysis
Southstone Minerals Ltd (SML) currently trades at C$0.0350, while our model-based Fair Value estimate is C$0.0683, implying the stock looks roughly 49% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$0.1600 per share, and 7 of the 9 models we run sit above the C$0.0350 price.
Bear case: the Earnings-Based group reads lowest at C$0.0200, and 2 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: C$0.0578 (bear) to C$0.0753 (bull), the price of C$0.0350 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 51/100 (solid 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.
Southstone Minerals Ltd reported revenue of C$3.6M in FY2025 versus C$2.8M in FY2021, a compound +7.0%/yr. Reported net income was −C$115K in FY2025.
Key figures
Market cap C$1.2M (≈ $829K) Micro · P/E ratio 1.8 · P/S ratio 0.07 · EPS (TTM) C$0.0200 · Net margin −3.2% · Return on assets (EBIT) −68.8% (5-year average) · Operating margin 4.9% · Revenue growth (YoY) +402%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 250% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at 95%, SML screens cheaper than that median.
Fair Value models
BearC$0.0578Fair Value C$0.0683BullC$0.0753
Price C$0.0350 · Upside +95.0%
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (C$0.0200 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+77.5%
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.
+62.1%
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.
−8.7%
Start year 2020 (pandemic)
Revenue growth 9 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.
−13.2%
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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.
5.0% (2020) → 0.7% (2025)
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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
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).
−13.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about −14.9% a year for the price.
News mood ⓘNews mood, the average tone of recent news (65 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Hype
Recent news coverage is unusually upbeat, far more positive than stocks are typically covered.
Compare Southstone Minerals Ltd 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.Other Precious Metals & Mining · 102 stocks
Beats the industry median on 8/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score51 · Top 25%
Fair Value upside+95.1% · 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 assets−14.6% · Below median
Net margin (12 months)1.4% · Bottom 25%
Operating margin (12 months)4.9% · Above median
Growth and dividend
Revenue growth (quarter YoY)401.5% · Top 25%
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 Other Precious Metals & Mining median · lower = cheaper
P/E (12 months)1.8× · Cheapest 25%
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.
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 Southstone Minerals Ltd (SML) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of C$0.0683 versus a price of C$0.0350, about +95% upside (undervalued).
What is the fair value of SML?
Our model-based fair value for Southstone Minerals Ltd is C$0.0683 (as of Nov 7, 2026), built from audited fundamentals. The current price: C$0.0350.
What is the quality score of SML?
Southstone Minerals Ltd has a Quality Score of 51/100. 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 Southstone Minerals Ltd (SML)?
Our model-based price target is the fair value of C$0.0683 (as of Nov 7, 2026) from 9 valuation models. Cautious scenario C$0.0578, optimistic scenario C$0.0753. It is a calculation from audited fundamentals, not an analyst target.
What is the Southstone Minerals Ltd stock forecast for 2026?
Our models put fair value at C$0.0683, about +95% upside versus a price of C$0.0350 (undervalued). Cautious scenario C$0.0578, optimistic scenario C$0.0753. The calculation is refreshed regularly with new filings.
What growth is priced into Southstone Minerals Ltd (SML)?
For today's price to be fair in a discounted-cash-flow model, Southstone Minerals Ltd would have to grow free cash flow by -13.1 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -8.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of SML use?
Our models discount Southstone Minerals Ltd at 11.9 %: a base by market capitalisation (nano), damped by beta 2.79, country premium for Canada. 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 Southstone Minerals Ltd that is -13.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has Southstone Minerals Ltd (SML) delivered so far?
Over the past 5 years revenue at Southstone Minerals Ltd grew -8.7 % a year. The price currently implies free-cash-flow growth of -13.1 % 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 Southstone Minerals Ltd (SML) growing?
The median revenue growth in the sector is +14.3 % a year. That is the yardstick for the growth priced into Southstone Minerals Ltd (-13.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Southstone Minerals Ltd (SML)?
The free-cash-flow yield on the price is 28.16 %: that much free cash flow Southstone Minerals Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Southstone Minerals Ltd (SML)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Southstone Minerals Ltd it is C$0.0683 per share (as of Nov 7, 2026), against a price of C$0.0350. It is the blended result of 9 valuation models in 4 families (DCF Models, Earnings-Based, Growth DCF, Economic Profit).
Is Southstone Minerals Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SML trades below its calculated fair value: price C$0.0350, fair value C$0.0683, a gap of about +95% (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 SML?
No. The price is what the market pays today (C$0.0350); the fair value is what the company's own numbers justify (C$0.0683). For Southstone Minerals Ltd the two are C$0.0333 per share apart. That gap is exactly why we show both numbers side by side.
How much is Southstone Minerals Ltd worth?
The market values Southstone Minerals Ltd at about C$1.2M (market capitalisation, as of Nov 7, 2026). Per share that is C$0.0350; our models calculate a fair value of C$0.0683 per share.
What do the bullish and bearish scenarios say about SML?
Our models span a range for Southstone Minerals Ltd: cautious scenario C$0.0578, base C$0.0683, optimistic C$0.0753 per share (as of Nov 7, 2026, price C$0.0350). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SML?
Southstone Minerals Ltd trades at a price-to-earnings ratio of 1.8 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$0.0683 is built from several models across several years. Other multiples: P/S 0.1, EV/EBITDA 0.7.
How solid is the balance sheet of Southstone Minerals Ltd (SML)?
Balance-sheet figures for Southstone Minerals Ltd (as of Nov 7, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is SML from its 52-week high?
Southstone Minerals Ltd trades at C$0.0350, about 50% below its 52-week high of C$0.0700 and 250% above the low of C$0.0100 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0683 is for.
Which stocks are comparable to Southstone Minerals 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 Southstone Minerals Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price C$0.0350, calculated fair value C$0.0683 (+95%), Quality Score 51/100, from 9 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 SML calculated?
We run Southstone Minerals Ltd through 9 models from 4 families: DCF Models, Earnings-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of C$0.0683 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. Southstone Minerals Ltd currently trades 49% 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 Southstone Minerals Ltd (SML)?
The closing price on Nov 6, 2026 was C$0.0350. Our model-based fair value is C$0.0683, about +95% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Southstone Minerals Ltd right now?
The price is below even our cautious bear case (C$0.0578). 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. Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Southstone Minerals Ltd
How large is the market capitalisation of Southstone Minerals Ltd (SML)?
The market capitalisation of Southstone Minerals Ltd is C$1.2M (≈ $829K). 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 Southstone Minerals Ltd (SML)?
The price-to-sales ratio of Southstone Minerals Ltd is 0.07 (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 Southstone Minerals Ltd (SML)?
Earnings per share at Southstone Minerals Ltd are C$0.0200 (price ÷ EPS = P/E 1.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Southstone Minerals Ltd (SML)?
The net margin of Southstone Minerals Ltd is −3.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Southstone Minerals Ltd (SML)?
On an EBIT basis the return on assets of Southstone Minerals Ltd is −68.8% (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 Southstone Minerals Ltd (SML)?
The operating margin of Southstone Minerals Ltd is 4.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Southstone Minerals Ltd (SML)?
Revenue at Southstone Minerals Ltd is growing +402% versus a year earlier (3y avg +62.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Southstone Minerals Ltd (SML)?
Earnings per share at Southstone Minerals Ltd are growing +586% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Southstone Minerals Ltd (SML) carry?
The net debt of Southstone Minerals Ltd is C$374K (fiscal year 2025, ≈ 1.1 yrs of FCF). 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 7, 2026