Armada Mercantile Ltd (AAMTF) fair value: what the stock is really worth
As of Nov 13, 2026: fair value (intrinsic value) of Armada Mercantile Ltd stock $0.02, price $0.21, that is 90.5% below the price, quality 76 out of 100. Rating: strongly overvalued. 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 12, 2026.
How to read this chart
60‑month range $0.1018 – $0.3950 · fair‑value band $0.0200 – $0.0300 · the $0.2113 price screens above the $0.0200 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Nov 12, 2026.
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Armada Mercantile Ltd., a financial services company, provides merchant banking services worldwide.
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The company offers advisory services; Form 10, Form S-1, Form 15C211, and DTC Eligibility filings; broker-dealer products and services; and commercial finance services, including account receivable factoring, supply chain, and revenue lines of credit, as well as other types of specialized finance.
It also provides factoring, equipment leasing, private placements, corporate debt securities, corporate finance, mezzanine financing, direct public offerings, and mergers and acquisitions.
In addition, the company is involved in the import and distribution of ice cream under the London Dairy brand name. It serves natural resources, travel, aviation, technology, food, banking, finance, energy, off road electric vehicles, and telecom industries.
Armada Mercantile Ltd. was incorporated in 1987 and is headquartered in Roseville, California.
Stock analysis
Armada Mercantile Ltd (AAMTF) currently trades at $0.2113, while our model-based Fair Value estimate is $0.0200, 91% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $0.0700 per share, and 0 of the 9 models we run sit above the $0.2113 price.
Bear case: the Earnings-Based group reads lowest at $0.0100, and 9 of the 9 models stay below the price. Data coverage for this calculation is low.
Scenario range: $0.0200 (bear) to $0.0300 (bull), the price of $0.2113 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 76/100 (high quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
Armada Mercantile Ltd reported revenue of C$156K in FY2026 versus C$2.7K in FY2022, a compound +175.4%/yr. Reported net income was C$8.8K in FY2026, compounding −32.8%/yr from FY2022.
Key figures
Market cap $4.5M Micro · P/S ratio 25.6 · Net margin −1.9% · Return on equity −0.2% · Return on assets (EBIT) 1.6% (5-year average) · Operating margin −137% · Revenue (TTM) C$140K · Revenue growth (YoY) −24.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).
What moves the price
The share trades about 19% below its 52-week high and 108% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −9% fair-value upside, at −91%, AAMTF screens richer than that median.
Fair Value models
Bear$0.0200Fair Value $0.0200Bull$0.0300
Price $0.2113 · Downside -90.5%
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.
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.55/100
Spin-off in 2019: revenue and profit before it include the divested business. Growth is measured afresh from 2019.
Revenue growth 1 year
−1.9%
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.
+45.0%
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.
+77.8%
Start year 2021 (pandemic)
Revenue growth 7 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.
+37.6%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−67.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−67.4%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−67.4% vs −38.0%, slowing
Profit margin 2021 to 2026 ⓘ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.2,106% → 27%
Pace: the 5-year rate starts in 2021 (pandemic)
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).
+26.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in CAD, Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +23.8% a year for the price.
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.Capital Markets · 454 stocks
Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score76 · Top 25%
Fair Value upside−90.5% · Bottom 25%
Profitability
Return on assets0.5% · Below median
Net margin (12 months)−1.9% · Bottom 25%
Operating margin (12 months)−137.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−24.0% · Bottom 25%
Valuation Multiplesvs Capital Markets median · lower = cheaper
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Is Armada Mercantile Ltd (AAMTF) overvalued or undervalued?
As of Nov 12, 2026, our model estimates a fair value of $0.0200 versus a price of $0.2113, about 91% lower (overvalued).
What is the fair value of AAMTF?
Our model-based fair value for Armada Mercantile Ltd is $0.0200 (as of Nov 12, 2026), built from audited fundamentals. The current price: $0.2113.
What is the quality score of AAMTF?
Armada Mercantile Ltd has a Quality Score of 76/100. 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 Armada Mercantile Ltd (AAMTF)?
Our model-based price target is the fair value of $0.0200 (as of Nov 12, 2026) from 9 valuation models. Cautious scenario $0.0200, optimistic scenario $0.0300. It is a calculation from audited fundamentals, not an analyst target.
What is the Armada Mercantile Ltd stock forecast for 2026?
Our models put fair value at $0.0200, about 91% lower versus a price of $0.2113 (overvalued). Cautious scenario $0.0200, optimistic scenario $0.0300. The calculation is refreshed regularly with new filings.
What is the revenue of Armada Mercantile Ltd (AAMTF)?
Armada Mercantile Ltd reported trailing-twelve-month revenue of about C$140K (latest available figure, as of Nov 12, 2026).
What growth is priced into Armada Mercantile Ltd (AAMTF)?
For today's price to be fair in a discounted-cash-flow model, Armada Mercantile Ltd would have to grow free cash flow by +26.4 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +77.8 % per year. As of Nov 12, 2026.
What discount rate (WACC) does the fair value of AAMTF use?
Our models discount Armada Mercantile Ltd at 9.7 %: a base by market capitalisation (nano), country premium for USA. 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 Armada Mercantile Ltd that is +26.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Armada Mercantile Ltd (AAMTF) delivered so far?
Over the past 5 years revenue at Armada Mercantile Ltd grew +77.8 % a year. The price currently implies free-cash-flow growth of +26.4 % 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 Armada Mercantile Ltd (AAMTF) growing?
The median revenue growth in the sector is +8.8 % a year. That is the yardstick for the growth priced into Armada Mercantile Ltd (+26.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Armada Mercantile Ltd (AAMTF)?
The free-cash-flow yield on the price is 1.66 %: that much free cash flow Armada Mercantile Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Armada Mercantile Ltd (AAMTF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Armada Mercantile Ltd it is $0.0200 per share (as of Nov 12, 2026), against a price of $0.2113. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Armada Mercantile Ltd stock overvalued or undervalued in 2026?
As of Nov 12, 2026, AAMTF trades above its calculated fair value: price $0.2113, fair value $0.0200, a gap of about −91% (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 AAMTF?
No. The price is what the market pays today ($0.2113); the fair value is what the company's own numbers justify ($0.0200). For Armada Mercantile Ltd the two are $0.1913 per share apart. That gap is exactly why we show both numbers side by side.
How much is Armada Mercantile Ltd worth?
The market values Armada Mercantile Ltd at about $4.5M (market capitalisation, as of Nov 12, 2026). Per share that is $0.2113; our models calculate a fair value of $0.0200 per share.
What do the bullish and bearish scenarios say about AAMTF?
Our models span a range for Armada Mercantile Ltd: cautious scenario $0.0200, base $0.0200, optimistic $0.0300 per share (as of Nov 12, 2026, price $0.2113). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Armada Mercantile Ltd (AAMTF)?
Balance-sheet figures for Armada Mercantile Ltd (as of Nov 12, 2026): return on equity −0.2%. They feed the Quality Score of 76/100, which measures business quality independently of the share price.
How far is AAMTF from its 52-week high?
Armada Mercantile Ltd trades at $0.2113, about 19% below its 52-week high of $0.2600 and 108% above the low of $0.1018 (as of Nov 13, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0200 is for.
Which stocks are comparable to Armada Mercantile Ltd?
From the same area (Financial Services) we also value Morgan Stanley, The Goldman Sachs Group, The Charles Schwab Corporation, Interactive Brokers Group, 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 Armada Mercantile Ltd stock attractive at the current price?
The data as of Nov 12, 2026: price $0.2113, calculated fair value $0.0200 (−91%), Quality Score 76/100, 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 AAMTF calculated?
We run Armada Mercantile Ltd through 9 models from 6 families: DCF Models, Earnings-Based, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of $0.0200 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 13.9% above its aggregate fair value. Armada Mercantile 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 Armada Mercantile Ltd (AAMTF)?
The closing price on Nov 13, 2026 was $0.2113. Our model-based fair value is $0.0200, about 91% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Armada Mercantile Ltd right now?
A high-quality business (quality 76/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case ($0.0300). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Armada Mercantile Ltd
How large is the market capitalisation of Armada Mercantile Ltd (AAMTF)?
The market capitalisation of Armada Mercantile Ltd is $4.5M. 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 P/S ratio of Armada Mercantile Ltd (AAMTF)?
The price-to-sales ratio of Armada Mercantile Ltd is 25.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Armada Mercantile Ltd (AAMTF)?
The net margin of Armada Mercantile Ltd is −1.9% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Armada Mercantile Ltd (AAMTF)?
The return on equity (ROE) of Armada Mercantile Ltd is −0.2% (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 Armada Mercantile Ltd (AAMTF)?
On an EBIT basis the return on assets of Armada Mercantile Ltd is 1.6% (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 Armada Mercantile Ltd (AAMTF)?
The operating margin of Armada Mercantile Ltd is −137% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Armada Mercantile Ltd (AAMTF)?
Revenue at Armada Mercantile Ltd is growing −24.0% versus a year earlier (3y avg +45.0%). 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 Armada Mercantile Ltd (AAMTF)?
Earnings per share at Armada Mercantile Ltd are growing −83.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Armada Mercantile Ltd (AAMTF) hold?
Armada Mercantile Ltd holds more cash than debt, C$497K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 12, 2026