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Australian Strategic Materials Ltd (ASM) Fair Value & Analysis

Basic Materials · AU · Market cap A$382M

AS Australian Strategic Materials Ltd ASM · AU
PriceA$1.32
Fair ValueA$2.00
Upside+51.5%
Quality95/100
Evidence: Low Range A$1.50 – A$2.50

Fair value as of: Jun 24, 2026

From 4 valuation models · updated 5 days ago

Share price −20.6% over the past month.

Price vs Fair Value (12 months)

A$2.24 A$0.5673 Fair Value A$2.00 Jun 2025 Jun 2026

12‑month range A$0.5673 – A$2.24 · fair‑value band A$1.50 – A$2.50 · the A$1.32 price screens below the A$2.00 fair value. As of Jun 24, 2026.

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Analysis

Australian Strategic Materials Ltd (ASM) currently trades at A$1.32, while our model-based Fair Value estimate is A$2.00 — implying the stock looks roughly 51.5% undervalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Trailing-twelve-month revenue stands at A$10.1M. Revenue grew 227.4% year over year. It earns a return on equity of -10.0%. The balance sheet holds a net cash position of A$5.0M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) A$10.1M
Revenue growth (YoY) +227%
Net margin -214%
Return on equity -10.0%
Free cash flow −A$28.4M FY2025
Operating margin -115%
More key figures
EPS (TTM) A$-0.1100
Net cash A$5.0M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Australian Strategic Materials Ltd operates as an integrated producer of critical metals for technologies in Australia. It holds interest in the Dubbo project, which contains rare earths, zirconium, niobium, and hafnium located in central-western New South Wales. The company also constructs and operates Korean metals plant located in Ochang, South Korea. It serves advanced manufacturing, defense, electric vehicles, wind turbines, semiconductors, medical devices, robotics, and sustainable energy industries. The company was formerly known as Australian Zirconia Holdings Pty Ltd and changed its name to Australian Strategic Materials Ltd in March 2020. Australian Strategic Materials Ltd was founded in 2000 and is based in West Perth, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Australian Strategic Materials Ltd reported revenue of A$5.1M in FY2025 versus A$1.4M in FY2021, a compound +38.7%/yr. Reported net income was −A$24.6M in FY2025.

Revenue +38.7%/yr
FY21 A$1.4M
FY22 A$1.9M
FY23 A$4.4M
FY24 A$3.1M
FY25 A$5.1M
Net income
FY21 −A$783K
FY22 −A$24.3M
FY23 −A$26.3M
FY24 −A$25.1M
FY25 −A$24.6M

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CMOC Group CMCLY $148.88 $113.34 -24%
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Frequently asked questions

Is Australian Strategic Materials Ltd (ASM) undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$2.00 versus a price of A$1.32 — about +52% (undervalued). Model-based estimate, not financial advice.
What is the fair value of ASM?
Our 21-model fair value for Australian Strategic Materials Ltd is A$2.00 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$1.32.
What is the quality score of ASM?
Australian Strategic Materials Ltd has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Australian Strategic Materials Ltd (ASM)?
Australian Strategic Materials Ltd reported trailing-twelve-month revenue of about A$10.1M (latest available figure, as of Jun 24, 2026).

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.