AltynGold plc (ALTN) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of AltynGold plc £9.94, price £9.80, upside +1.5%, quality 78 out of 100. Calculated from audited financials with 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, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range £0.7240 – £17.00 · fair‑value band £5.37 – £12.47 · the £9.80 price screens below the £9.94 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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AltynGold plc, together with its subsidiaries, engages in the exploration and development of gold producing mine in the Republic of Kazakhstan. The company explores gold and silver deposits. Its flagship property consists of the 100% owned Sekisovskoye mine and Teren-Sai projects which are located in northeast Kazakhstan.
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AltynGold plc, together with its subsidiaries, engages in the exploration and development of gold producing mine in the Republic of Kazakhstan. The company explores gold and silver deposits. Its flagship property consists of the 100% owned Sekisovskoye mine and Teren-Sai projects which are located in northeast Kazakhstan. The company was formerly known as Altyn Plc and changed its name to AltynGold plc in December 2020. AltynGold plc was founded in 1997 and is headquartered in London, the United Kingdom. AltynGold plc is a subsidiary of AGold Mining Group Plc.
Stock analysis
AltynGold plc (ALTN) currently trades at £9.80, while our model-based Fair Value estimate is £9.94, so the stock looks roughly fairly valued today (gap 1.4%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of £51.78 per share, and 21 of the 24 models we run sit above the £9.80 price.
Bear case: the Asset-Based group reads lowest at £2.78, and 3 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: £5.37 (bear) to £12.47 (bull), the price of £9.80 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 78/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
AltynGold plc reported revenue of $179M in FY2025 versus $50.3M in FY2021, a compound +37.4%/yr. Reported net income was $63.3M in FY2025, compounding +36.3%/yr from FY2021.
Key figures
Market cap 268M GBX · P/E ratio 4.5 · P/S ratio 1.60 · EPS (TTM) £2.16 · Net margin 35.4% · Return on equity 49.8% · Return on assets (EBIT) 23.9% · Operating margin 49.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 42% below its 52-week high and 20% 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 1%, ALTN screens richer than that median.
Fair Value models
Bear £5.37Fair Value £9.94Bull £12.47
Price £9.80 · Upside +1.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (£1.65 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.Evidence ⓘEvidence = 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.80/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+85.5%
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.
+42.4%
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.
+42.9%
Start year 2020 (pandemic). Over 10 years: +22.2% a year
Revenue growth 17 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.
+19.9%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+68.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+68.5%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.24% → 49%
2025 sits 378% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
−0.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (UK: IMF forecast 2.3% a year to 2030, 3.3% from 2016 to 2025) that is about −2.9% 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.Gold · 217 stocks
Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score78 · Top 25%
Fair Value upside+1.5% · Above median
Profitability
Return on equity (TTM)49.8% · Top 25%
Return on assets29.4% · Top 25%
Net margin (TTM)35.3% · Above median
Operating margin (TTM)49.4% · Above median
Growth and dividend
Revenue growth64.6% · Above median
Balance sheet
Debt / equity0.19× · Highest 25%
Valuation Multiplesvs Gold median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "AltynGold plc Fair Value". https://www.fairvalue-calculator.com/stock/ALTN
Frequently asked questions
Is AltynGold plc (ALTN) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of £9.94 versus a price of £9.80, about +1% upside (fairly valued).
What is the fair value of ALTN?
Our model-based fair value for AltynGold plc is £9.94 (as of Oct 4, 2026), built from audited fundamentals. The current price: £9.80.
What is the quality score of ALTN?
AltynGold plc has a Quality Score of 78/100. 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 AltynGold plc (ALTN)?
Our model-based price target is the fair value of £9.94 (as of Oct 4, 2026) from 24 valuation models. Cautious scenario £5.37, optimistic scenario £12.47. It is a calculation from audited fundamentals, not an analyst target.
What is the AltynGold plc stock forecast for 2026?
Our models put fair value at £9.94, about +1% upside versus a price of £9.80 (fairly valued). Cautious scenario £5.37, optimistic scenario £12.47. The calculation is refreshed regularly with new filings.
What is the revenue of AltynGold plc (ALTN)?
AltynGold plc reported trailing-twelve-month revenue of about £221M (latest available figure, as of Oct 4, 2026).
What growth is priced into AltynGold plc (ALTN)?
For today's price to be fair in a discounted-cash-flow model, AltynGold plc would have to grow free cash flow by -0.6 % per year for five years (discount rate 13.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +42.9 % per year. As of Oct 4, 2026.
What discount rate (WACC) does the fair value of ALTN use?
Our models discount AltynGold plc at 13.8 %: a base by market capitalisation (small), damped by beta 1.68, country premium for United Kingdom. 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 AltynGold plc that is -0.6 % per year a year over ten years, using the same discount rate (13.8 %) and the same formula as our fair value.
How much growth has AltynGold plc (ALTN) delivered so far?
Over the past 5 years revenue at AltynGold plc grew +42.9 % a year. The price currently implies -0.6 % per year free-cash-flow growth a 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 AltynGold plc (ALTN) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into AltynGold plc (-0.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of AltynGold plc (ALTN)?
The free-cash-flow yield on the price is 14.08 %: that much free cash flow AltynGold plc produces per unit of market value. When it exceeds the discount rate of our models (13.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of AltynGold plc (ALTN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For AltynGold plc it is £9.94 per share (as of Oct 4, 2026), against a price of £9.80. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is AltynGold plc stock overvalued or undervalued in 2026?
As of Oct 4, 2026, ALTN trades below its calculated fair value: price £9.80, fair value £9.94, a gap of about +1% (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 ALTN?
No. The price is what the market pays today (£9.80); the fair value is what the company's own numbers justify (£9.94). For AltynGold plc the two are £0.1440 per share apart. That gap is exactly why we show both numbers side by side.
How much is AltynGold plc worth?
The market values AltynGold plc at about 268M GBX (market capitalisation, as of Oct 4, 2026). Per share that is £9.80; our models calculate a fair value of £9.94 per share.
What do the bullish and bearish scenarios say about ALTN?
Our models span a range for AltynGold plc: cautious scenario £5.37, base £9.94, optimistic £12.47 per share (as of Oct 4, 2026, price £9.80). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ALTN?
AltynGold plc trades at a price-to-earnings ratio of 4.5 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £9.94 is built from several models across several years. Other multiples: P/B 2.4, P/S 1.6, EV/EBITDA 2.8.
How solid is the balance sheet of AltynGold plc (ALTN)?
Balance-sheet figures for AltynGold plc (as of Oct 4, 2026): return on equity 49.8%, debt of 0.19 per unit of equity. They feed the Quality Score of 78/100, which measures business quality independently of the share price.
How far is ALTN from its 52-week high?
AltynGold plc trades at £9.80, about 42% below its 52-week high of £17.00 and 20% above the low of £8.14 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of £9.94 is for.
Which stocks are comparable to AltynGold plc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 AltynGold plc stock attractive at the current price?
The data as of Oct 4, 2026: price £9.80, calculated fair value £9.94 (+1%), Quality Score 78/100, from 24 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 ALTN calculated?
We run AltynGold plc through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of £9.94, 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 15.0 % above its aggregate fair value. AltynGold plc currently trades 1 % 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 AltynGold plc (ALTN)?
The closing price on Oct 2, 2026 was £9.80. Our model-based fair value is £9.94, about +1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with AltynGold plc right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (£5.37 to £12.47) leaves room in how you read the outcome.
Key figures of AltynGold plc
How large is the market capitalisation of AltynGold plc (ALTN)?
The market capitalisation of AltynGold plc is 268M GBX. 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 AltynGold plc (ALTN)?
The price-to-sales ratio of AltynGold plc is 1.60 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of AltynGold plc (ALTN)?
Earnings per share at AltynGold plc are £2.16 (price ÷ EPS = P/E 4.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of AltynGold plc (ALTN)?
The net margin of AltynGold plc is 35.4% (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 return on equity of AltynGold plc (ALTN)?
The return on equity (ROE) of AltynGold plc is 49.8% (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 AltynGold plc (ALTN)?
On an EBIT basis the return on assets of AltynGold plc is 23.9% (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 AltynGold plc (ALTN)?
The operating margin of AltynGold plc is 49.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at AltynGold plc (ALTN)?
Revenue at AltynGold plc is growing +64.6% versus a year earlier (3y avg +42.4%). 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 AltynGold plc (ALTN)?
Earnings per share at AltynGold plc are growing +58.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does AltynGold plc (ALTN) carry?
The net debt of AltynGold plc is 18.5M GBX (fiscal year 2025, ≈ 0.5 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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