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Askari Metals Limited (AS2) Fair Value & Analysis

Basic Materials · AU · Market cap A$6.3M

AM Askari Metals Limited AS2 · AU
PriceA$0.0070
Fair ValueA$0.0069
Upside-1.4%
Quality24/100
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Mixed Growth
Thin margins · 0.0% net margin
negative free cash flow
Mixed vs. peers (4/7)
Narrow moat 6/100
Evidence: Low Share as image

Fair value as of: Jul 17, 2026

From 1 valuation models · updated 24 days ago

Share price −22.2% over the past month.

Below-average quality, currently priced close to our fair value.

What matters 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.
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Price vs Fair Value (5 years)

A$0.7750 A$0.0050 Fair Value A$0.0069 Jul 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$0.0050 – A$0.7750 · the A$0.0070 price screens above the A$0.0069 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Askari Metals Limited (AS2) currently trades at A$0.0070, while our model-based Fair Value estimate is A$0.0069, implying the stock looks roughly 1.4% fairly valued today. The Quality Score stands at 24/100 (below-average 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: low).

Trailing-twelve-month revenue stands at A$30.3K. It earns a return on equity of -67.3%. Fundamentals as of Jul 17, 2026

The share trades about 63% below its 52-week high and 40% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -1%, AS2 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
NCAV (Graham) A$0.0100 A$0.0100 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 50

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Key figures & financial health

Revenue (TTM) A$30.3K
Revenue growth (YoY) +1,354,842%
Return on equity -67.3%
Free cash flow −A$2.8M FY2025
Operating margin -760%
Net debt A$795K FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 24/100

Of which business quality 25 · Market factors (momentum, volatility) 19

Profitability 0
Margins and returns on capital today
Quality Growth 60
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 47
Calm price path (market factor)
Momentum 10
Price trend over the last 3–12 months (market factor)
52W Momentum 4
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Askari Metals Limited engages in the exploration and development of mineral properties in Australia and Namibia/Tanzania. It explores for lithium, tantalum, tin, copper, gold, and rare earth elements. Its flagship project is the 100% owned Nejo Copper-Gold Project, covering an area of approximately 1,200 square kilometers located in Central Western Ethiopia.

Full company description

Askari Metals Limited engages in the exploration and development of mineral properties in Australia and Namibia/Tanzania. It explores for lithium, tantalum, tin, copper, gold, and rare earth elements. Its flagship project is the 100% owned Nejo Copper-Gold Project, covering an area of approximately 1,200 square kilometers located in Central Western Ethiopia. The company was formerly known as Askari Gold Limited and changed its name to Askari Metals Limited in February 2021. Askari Metals Limited was incorporated in 2020 and is based in Osborne Park, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Askari Metals Limited reported revenue of A$30.3K in FY2025 versus A$0 in FY2021. Reported net income was −A$7.1M in FY2025.

Growth Quality 25/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$30.3K
Latest YoY
+160.4%
Revenue
FY21 A$0
FY22 A$0
FY23 A$20.7K
FY24 A$11.6K
FY25 A$30.3K
Net income
FY21 −A$371K
FY22 −A$2.3M
FY23 −A$6.2M
FY24 −A$5.2M
FY25 −A$7.1M

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Cite: Fair Value Calculator (2026). "Askari Metals Limited Fair Value". https://www.fairvalue-calculator.com/stock/AS2

Peer Group

Other Precious Metals & Mining · 102 stocks

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.

Quality Score 26 · Bottom 25%
Fair Value upside −1% · Above median
Return on assets -34% · Bottom 25%
Net margin (TTM) 0% · Above median
Revenue growth 1354842% · Top 25%

Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper

P/B 0.72× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 31 · sector 0
FUTURE 100 · sector 21
PAST 0 · sector 0
HEALTH 0 · sector 99
DIVIDEND 0 · sector 15

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
Fresnillo plc FRES 579.75 MXN 558.30 MXN -4%
Hecla Mining Company HL $14.52 $8.15 -44%
Compañía de Minas Buenaventura S.A. BVN $29.82 $29.96 +0%
Sibanye Stillwater Limited SBSW $8.12 $9.90 +22%
China Gold International Resources Corp CGG C$24.78 C$18.48 -25%
Artemis Gold Inc ARTG C$32.98 C$21.86 -34%
Triple Flag Precious Metals Corp TFPM $28.10 $16.03 -43%
Sino-Platinum Metals Co 600459 ¥21.01 ¥13.23 -37%
Perpetua Resources Corp PPTA C$26.10 C$5.85 -78%
Zhaojin International Gold Co 000506 ¥13.15 ¥2.84 -78%

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Frequently asked questions

Is Askari Metals Limited (AS2) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.0069 versus a price of A$0.0070, about −1% (fairly valued).
What is the fair value of AS2?
Our model-based fair value for Askari Metals Limited is A$0.0069 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.0070.
What is the quality score of AS2?
Askari Metals Limited 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 revenue of Askari Metals Limited (AS2)?
Askari Metals Limited reported trailing-twelve-month revenue of about A$30.3K (latest available figure, as of Jul 17, 2026).
What is the net profit margin of AS2?
The net profit margin of Askari Metals Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

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