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Surefire Resources NL (SRN) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Surefire Resources NL stock A$0.01, price A$0.01, that is 3.1% below the price, quality 15 out of 100. Rating: fairly valued. 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 AU000000SRN2

SR Surefire Resources NL logo Thin data Nov 7, 2026

Surefire Resources NL

SRN · AU
Low Priority

The stock costs about what our calculation considers fair.

Low debt
Revenue last quarter +18% vs. a year ago.
Fair value A$0.0126 · Fairly valued
Mixed Growth (revenue 5y +339.8 %/yr in AUD)
Mixed vs. peers (4/9)
Quality 15/100
Loss-making · -158.0% net margin (FY2025)
Negative free cash flow
Narrow moat 8/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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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$1.10 A$0.0130 Fair Value A$0.0126 Aug 2021 Nov 2026

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

How to read this chart

60‑month range A$0.0130 – A$1.10 · fair‑value band A$0.0114 – A$0.0138 · the A$0.0130 price screens above the A$0.0126 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

Surefire Resources NL, together with its subsidiaries, explores for and reviews mineral tenement holdings in Western Australia. The company explores for critical mineral, gold, titanium, aluminium, copper, lead, silver, vanadium, iron ore, nickel, and platinum group element deposits.

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Its flagship project is the Victory Bore vanadium-titanium-iron project, which consists of the Victory Bore and Unaly Hill deposits located in the mid-west of Western Australia. The company was formerly known as Black Ridge Mining NL and changed its name to Surefire Resources NL in December 2016.

The company was incorporated in 1998 and is based in South Perth, Australia.

Stock analysis

Surefire Resources NL (SRN) currently trades at A$0.0130, while our model-based Fair Value estimate is A$0.0126, so the stock looks roughly fairly valued today (gap 3.2%).

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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$0.0114 (bear) to A$0.0138 (bull), the price of A$0.0130 sits inside 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 15/100 (below-average quality), in the Basic Materials sector.

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

Surefire Resources NL reported revenue of A$439K in FY2025 versus A$267 in FY2021, a compound +536.9%/yr. Reported net income was −A$2.1M in FY2026.

Key figures

Market cap A$2.9M (≈ $2.0M) Micro · P/S ratio 33.5 · EPS (TTM) A$−0.0100 · Return on equity −42.1% · Return on assets (EBIT) −34.0% (5-year average) · Operating margin −762% · Revenue growth (YoY) +18.4% · Free cash flow −A$1.3M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 74% 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 −8% fair-value upside, at −3%, SRN screens cheaper than that median.

Fair Value models

Bear A$0.0114 Fair Value A$0.0126 Bull A$0.0138
Price A$0.0130 · Downside -3.1%
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$0.0100 A$0.0200 A$0.0300 52
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0200 A$0.0300 52

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 15/100

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 8
Are margins and returns getting better?
Cashflow 3
Do the profits arrive as real cash?
Financial strength 47
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
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. 29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−32.8%
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.
+758.6%
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.
+339.8%
Start year 2020 (pandemic)
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.
+2.6%
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.
−413,722.8% (2020) → −568.8% (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

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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 · 372 stocks

Beats the industry median on 4/8 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 15 · Bottom 25%
Fair Value upside −3.1% · Above median
Profitability
Return on assets −15.2% · Bottom 25%
Net margin (12 months) −158.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 18.4% · Above median
Balance sheet
Debt / equity 0.01× · Lowest 25%

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

P/B 0.44× · Cheapest 25%
P/S (12 months) 27.20× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)29 · sector 0
FUTURE (revenue growth)92 · sector 92
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · sector 95
DIVIDEND (yield)0 · sector 34

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 ₹261.75 ₹334.17 +28% vs SRN
Saudi Arabian Mining Company 1211 58.25 SAR 64.96 SAR +12% vs SRN
Hindustan Zinc Limited HINDZINC ₹568.10 ₹624.91 +10% vs SRN
Western Mining Co 601168 ¥27.56 ¥30.32 +10% vs SRN
Boliden AB BOL kr 503.40 kr 464.45 −8% vs SRN
BHP Group BHP A$59.20 A$47.85 −19% vs SRN
Zhejiang Huayou Cobalt Co 603799 ¥33.04 ¥25.57 −23% vs SRN
Korea Zinc Company 010130 960,000 KRW 649,125 KRW −32% vs SRN
CMOC Group 603993 ¥13.29 ¥6.82 −49% vs SRN
China Tungsten And Hightech Materials Co 000657 ¥38.65 ¥4.44 −89% vs SRN

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Surefire Resources NL: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Surefire Resources NL Fair Value". https://www.fairvalue-calculator.com/stock/SRN

Frequently asked questions

Is Surefire Resources NL (SRN) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$0.0126 versus a price of A$0.0130, about 3% lower (fairly valued).
What is the fair value of SRN?
Our model-based fair value for Surefire Resources NL is A$0.0126 (as of Nov 7, 2026), built from audited fundamentals. The current price: A$0.0130.
What is the quality score of SRN?
Surefire Resources NL has a Quality Score of 15/100. 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 Surefire Resources NL (SRN)?
Our model-based price target is the fair value of A$0.0126 (as of Nov 7, 2026) from 1 valuation models. Cautious scenario A$0.0114, optimistic scenario A$0.0138. It is a calculation from audited fundamentals, not an analyst target.
What is the Surefire Resources NL stock forecast for 2026?
Our models put fair value at A$0.0126, about 3% lower versus a price of A$0.0130 (fairly valued). Cautious scenario A$0.0114, optimistic scenario A$0.0138. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Surefire Resources NL (SRN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Surefire Resources NL it is A$0.0126 per share (as of Nov 7, 2026), against a price of A$0.0130. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Surefire Resources NL stock overvalued or undervalued in 2026?
As of Nov 7, 2026, SRN trades above its calculated fair value: price A$0.0130, fair value A$0.0126, a gap of about −3% (fairly valued). 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 SRN?
No. The price is what the market pays today (A$0.0130); the fair value is what the company's own numbers justify (A$0.0126). For Surefire Resources NL the two are A$0.0004 per share apart. That gap is exactly why we show both numbers side by side.
How much is Surefire Resources NL worth?
The market values Surefire Resources NL at about A$2.9M (market capitalisation, as of Nov 7, 2026). Per share that is A$0.0130; our models calculate a fair value of A$0.0126 per share.
What do the bullish and bearish scenarios say about SRN?
Our models span a range for Surefire Resources NL: cautious scenario A$0.0114, base A$0.0126, optimistic A$0.0138 per share (as of Nov 7, 2026, price A$0.0130). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Surefire Resources NL (SRN)?
Balance-sheet figures for Surefire Resources NL (as of Nov 7, 2026): return on equity −42.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 15/100, which measures business quality independently of the share price.
How far is SRN from its 52-week high?
Surefire Resources NL trades at A$0.0130, about 74% below its 52-week high of A$0.0500 and at the low of A$0.0130 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0126 is for.
Which stocks are comparable to Surefire Resources NL?
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 Surefire Resources NL stock attractive at the current price?
The data as of Nov 7, 2026: price A$0.0130, calculated fair value A$0.0126 (−3%), Quality Score 15/100, 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 SRN calculated?
We run Surefire Resources NL through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0126 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. Surefire Resources NL 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 Surefire Resources NL (SRN)?
The closing price on Nov 9, 2026 was A$0.0130. Our model-based fair value is A$0.0126, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Surefire Resources NL right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Surefire Resources NL

How large is the market capitalisation of Surefire Resources NL (SRN)?
The market capitalisation of Surefire Resources NL is A$2.9M (≈ $2.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Surefire Resources NL (SRN)?
The price-to-sales ratio of Surefire Resources NL is 33.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Surefire Resources NL (SRN)?
Earnings per share at Surefire Resources NL are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Surefire Resources NL (SRN)?
The return on equity (ROE) of Surefire Resources NL is −42.1% (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 Surefire Resources NL (SRN)?
On an EBIT basis the return on assets of Surefire Resources NL is −34.0% (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 Surefire Resources NL (SRN)?
The operating margin of Surefire Resources NL is −762% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Surefire Resources NL (SRN)?
Revenue at Surefire Resources NL is growing +18.4% versus a year earlier (3y avg +759%). 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 Surefire Resources NL (SRN) generate?
The free cash flow of Surefire Resources NL is −A$1.3M (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 Surefire Resources NL (SRN) hold?
Surefire Resources NL holds more cash than debt, A$506K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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