29Metals Limited (29M) Fair Value & Analysis
Basic Materials · AU · Market cap A$455M
Fair value as of: Jun 24, 2026
From 10 valuation models · updated 6 days ago
Share price −7.3% over the past month.
Price vs Fair Value (12 months)
12‑month range A$0.2286 – A$0.6807 · fair‑value band A$0.1800 – A$0.2400 · the A$0.2650 price screens above the A$0.1800 fair value. As of Jun 24, 2026.
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29Metals Limited (29M) currently trades at A$0.2650, while our model-based Fair Value estimate is A$0.1800 — implying the stock looks roughly 32.1% overvalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, 29Metals Limited generated revenue of A$567M at a net margin of 4.3%. Revenue declined 4.0% year over year. It earns a return on equity of 5.6%. Net debt stands at A$175M. Fundamentals as of Jun 24, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.
About the company
29Metals Limited operates as a copper-focused base and precious metals mining company in Australia and Chile. The company explores copper, gold, silver, zinc, and lead deposits. It is also involved in base and precious metals mining, mineral production, and associated activities; exploration for mineral resources; and Cervantes, and Gossan Valley projects. Its primary assets include the Golden Grove property covering an area of approximately 129 square kilometers located in Western Australia; the Capricorn Copper property covering an area of approximately 1,900 square kilometers situated in Queensland; and Redhill property covering an area of approximately 227 square kilometers. 29Metals Limited was incorporated in 2021 and is headquartered in Melbourne, Australia.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
29Metals Limited reported revenue of A$566M in FY2025 versus A$601M in FY2021, a compound −1.5%/yr. Reported net income was A$24.2M in FY2025, compounding −33.1%/yr from FY2021.
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Similar stocks
6 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Fresnillo plc FRES | 750.00 MXN | 32.56 MXN | -96% |
| Valterra Platinum Limited ANGPY | $11.60 | $8.73 | -25% |
| Hecla Mining Company HCL | €13.87 | €8.15 | -41% |
| Impala Platinum Holdings IMPUY | $12.07 | $1.57 | -87% |
| Northam Platinum Holdings NPTLF | $24.00 | $3.71 | -85% |
| Compañía de Minas Buenaventura S.A. BVN | $32.41 | $28.79 | -11% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.