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Tungsten West PLC (TUN) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Tungsten West PLC stock £0.13, price £0.30, that is 54.5% below the price, quality 24 out of 100. Rating: strongly 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 GB

TW Tungsten West PLC logo Thin data Nov 10, 2026

Tungsten West PLC

TUN · LSE
Very expensive, weak quality

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

Low debt
Mixed Growth (revenue 5y +71.8 %/yr in GBP)
Fair value £0.1346 · Strongly overvalued
Quality 24/100
Negative free cash flow
Trails peers (1/4)
Narrow moat 18/100 · 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

£0.7972 £0.0125 Fair Value £0.1346 Oct 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 £0.0125 – £0.7972 · fair‑value band £0.1010 – £0.1683 · the £0.2960 price screens above the £0.1346 fair value. As of Nov 10, 2026.

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Company profile

Tungsten West PLC operates as a mining development company in the United Kingdom. It owns and operates a Hemerdon tungsten and tin mine located near the village of Plympton, in South Devon, England. The company was incorporated in 2018 and is based in London, the United Kingdom.

Stock analysis

Tungsten West PLC (TUN) currently trades at £0.2960, while our estimate is £0.1346, 55% below the price, so the stock looks overvalued today.

Show more

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: £0.1010 (bear) to £0.1683 (bull), the price of £0.2960 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 24/100 (below-average quality), in the Basic Materials sector.

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

Tungsten West PLC reported revenue of £602K in FY2026 versus £674K in FY2022, a compound −2.8%/yr. Reported net income was −£175M in FY2026.

Key figures

Market cap £516M Small · EPS (TTM) £−0.1200 · Return on equity −652% · Return on assets (EBIT) −20.3% (5-year average) · Operating margin −691% · Revenue (TTM) £602K · Free cash flow −£20.8M · Net cash £23.6M.

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 43% below its 52-week high and 265% 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 −55%, TUN screens richer than that median.

Fair Value

Bear £0.1010 Fair Value £0.1346 Bull £0.1683
Price £0.2960 · Downside -54.5%
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 24/100

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 27
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 1
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 37
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 75
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. 27/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
−1.3%
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.
+71.8%
Start year 2021 (pandemic)
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.
−16,975.3% (2021) → −1,389.8% (2026)
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

TUN screens overvalued: fair value 55% below the price. Compare with BHP Group →

Compare Tungsten West PLC 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 Industrial Metals & Mining · 577 stocks

Beats the industry median on 0/3 measures
Overall it trails its industry peers.
Valuation
Quality Score 24 · Bottom 25%
Fair Value upside −54.5% · Bottom 25%

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

P/B 8.86× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · 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

VALUE 0: the price sits above our fair-value range.

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 TUN
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs TUN
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs TUN
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs TUN
Boliden AB BOL kr 515.20 kr 464.45 −10% vs TUN
BHP Group BHP A$60.39 A$47.47 −21% vs TUN
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs TUN
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs TUN
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs TUN
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs TUN

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Tungsten West PLC: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Tungsten West PLC Fair Value". https://www.fairvalue-calculator.com/stock/TUN

Frequently asked questions

Is Tungsten West PLC (TUN) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is £0.1346 versus a price of £0.2960, about 55% lower (overvalued).
What is the fair value of TUN?
Our estimate for Tungsten West PLC is £0.1346 (as of Nov 10, 2026), built from audited fundamentals. The current price: £0.2960.
What is the quality score of TUN?
Tungsten West PLC has a Quality Score of 24/100. 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 Tungsten West PLC (TUN)?
Our calculated price target is the estimate of £0.1346 (as of Nov 10, 2026). Cautious scenario £0.1010, optimistic scenario £0.1683. 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 Tungsten West PLC stock forecast for 2026?
Our estimate puts fair value at £0.1346, about 55% lower versus a price of £0.2960 (overvalued). Cautious scenario £0.1010, optimistic scenario £0.1683. The calculation is refreshed regularly with new filings.
What is the revenue of Tungsten West PLC (TUN)?
Tungsten West PLC reported trailing-twelve-month revenue of about £602K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Tungsten West PLC (TUN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tungsten West PLC it is £0.1346 per share (as of Nov 10, 2026), against a price of £0.2960.
Is Tungsten West PLC stock overvalued or undervalued in 2026?
As of Nov 10, 2026, TUN trades above its calculated fair value: price £0.2960, fair value £0.1346, 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 TUN?
No. The price is what the market pays today (£0.2960); the fair value is what the company's own numbers justify (£0.1346). For Tungsten West PLC the two are £0.1614 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tungsten West PLC worth?
The market values Tungsten West PLC at about £516M (market capitalisation, as of Nov 10, 2026). Per share that is £0.2960; our models calculate a fair value of £0.1346 per share.
What do the bullish and bearish scenarios say about TUN?
Our models span a range for Tungsten West PLC: cautious scenario £0.1010, base £0.1346, optimistic £0.1683 per share (as of Nov 10, 2026, price £0.2960). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is TUN from its 52-week high?
Tungsten West PLC trades at £0.2960, about 43% below its 52-week high of £0.5160 and 265% above the low of £0.0810 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of £0.1346 is for.
Which stocks are comparable to Tungsten West PLC?
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 Tungsten West PLC stock attractive at the current price?
The data as of Nov 10, 2026: price £0.2960, calculated fair value £0.1346 (−55%), Quality Score 24/100. 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. Tungsten West PLC 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 Tungsten West PLC (TUN)?
The closing price on Nov 10, 2026 was £0.2960. Our estimate is £0.1346, about 55% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tungsten West PLC right now?
The price sits above even our optimistic bull case (£0.1683). The favourable scenario is already priced in. Weak quality (24/100) 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.

Key figures of Tungsten West PLC

How large is the market capitalisation of Tungsten West PLC (TUN)?
The market capitalisation of Tungsten West PLC is £516M. 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 are the earnings per share of Tungsten West PLC (TUN)?
Earnings per share at Tungsten West PLC are £−0.1200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Tungsten West PLC (TUN)?
The return on equity (ROE) of Tungsten West PLC is −652% (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 Tungsten West PLC (TUN)?
On an EBIT basis the return on assets of Tungsten West PLC is −20.3% (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 Tungsten West PLC (TUN)?
The operating margin of Tungsten West PLC is −691% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Tungsten West PLC (TUN) generate?
The free cash flow of Tungsten West PLC is −£20.8M (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 Tungsten West PLC (TUN) hold?
Tungsten West PLC holds more cash than debt, £23.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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