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Adveritas Limited (AV1) Fair Value & Analysis

Technology · AU · Market cap A$73.2M

AL Adveritas Limited AV1 · AU
PriceA$0.0690
Fair ValueA$0.1190
Upside+72.5%
Quality33/100
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Mixed Growth
Loss-making · -55.5% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 10/100
Evidence: Low Range A$0.0745 – A$0.1484 Share as image

Fair value as of: Jul 18, 2026

From 2 valuation models · updated 23 days ago

Share price −11.5% over the past month.

Below-average quality, screening 72% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (33/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$0.0745). The market is more pessimistic than our downside scenario.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (A$0.0745 to A$0.1484) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

A$0.1850 A$0.0400 Fair Value A$0.1190 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range A$0.0400 – A$0.1850 · fair‑value band A$0.0745 – A$0.1484 · the A$0.0690 price screens below the A$0.1190 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Adveritas Limited (AV1) currently trades at A$0.0690, while our model-based Fair Value estimate is A$0.1190, implying the stock looks roughly 72.5% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Technology 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.

Over the trailing twelve months, Adveritas Limited generated revenue of A$9.6M at a net margin of -55.5%. Revenue grew 53.7% year over year. The balance sheet holds a net cash position of A$9.3M. Fundamentals as of Jul 18, 2026

Our scenario range runs from A$0.0745 (bear case) to A$0.1484 (bull case); at A$0.0690, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 64% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 72%, AV1 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
Gordon GGM A$0.0900 A$0.1500 A$0.2000 70
DDM Multi-Stage A$0.0900 A$0.1400 A$0.1600 61
All 2 models by family
Dividend Discount
Gordon GGM A$0.0900 A$0.1500 A$0.2000 70
DDM Multi-Stage A$0.0900 A$0.1400 A$0.1600 61

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Key figures & financial health

Revenue (TTM) A$9.6M
Revenue growth (YoY) +53.7%
Net margin -55.5%
Return on equity -435%
Free cash flow −A$3.0M FY2025
Operating margin -49.0%
More key figures
EPS (TTM) A$-0.0100
Net cash A$9.3M FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 36 · Market factors (momentum, volatility) 19

Profitability 31
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 44
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 8
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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

Adveritas Limited provides funnel measurement, verification, and fraud prevention solutions for digital advertising in North America, Latin America, Asia Pacific, Australia, Europe, and internationally. The company operates through Product and Engineering; and Sales and Marketing segments.

Full company description

Adveritas Limited provides funnel measurement, verification, and fraud prevention solutions for digital advertising in North America, Latin America, Asia Pacific, Australia, Europe, and internationally. The company operates through Product and Engineering; and Sales and Marketing segments. It develops TrafficGuard, a software as a service product that prevents fraud from infiltrating clients' budgets, as well as provides customer service. The company was formerly known as Tech Mpire Limited and changed its name to Adveritas Limited in December 2018. Adveritas Limited is based in Bentley, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Adveritas Limited reported revenue of A$7.8M in FY2025 versus A$964K in FY2021, a compound +68.9%/yr. Reported net income was −A$7.1M in FY2025.

Growth Quality 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$7.8M
Latest YoY
+88.7%
Avg. growth/yr (3Y) 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.
+56.9%
Avg. growth/yr (5Y) 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.
+44.9%
Avg. growth/yr (12Y) 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.
+1.7%
Revenue +68.9%/yr
FY21 A$964K
FY22 A$2.0M
FY23 A$2.9M
FY24 A$4.2M
FY25 A$7.8M
Net income
FY21 −A$9.0M
FY22 −A$9.1M
FY23 −A$10.9M
FY24 −A$11.6M
FY25 −A$7.1M

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Cite: Fair Value Calculator (2026). "Adveritas Limited Fair Value". https://www.fairvalue-calculator.com/stock/AV1

Peer Group

Software - Infrastructure · 371 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 33 · Bottom 25%
Fair Value upside +73% · Top 25%
Return on assets -59% · Bottom 25%
Net margin (TTM) -56% · Bottom 25%
Operating margin (TTM) -49% · Bottom 25%
Revenue growth 54% · Top 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/B 11.80× · Pricier than 75% of peers
P/S (TTM) 5.41× · Pricier 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 100 · sector 0
FUTURE 100 · sector 46
PAST 0 · sector 14
HEALTH 100 · sector 98
DIVIDEND 0 · sector 28

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 Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Adveritas Limited (AV1) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of A$0.1190 versus a price of A$0.0690, about +72% (undervalued).
What is the fair value of AV1?
Our model-based fair value for Adveritas Limited is A$0.1190 (as of Jul 18, 2026), built from audited fundamentals. The current price is A$0.0690.
What is the quality score of AV1?
Adveritas Limited has a Quality Score of 33/100. 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 Adveritas Limited (AV1)?
Adveritas Limited reported trailing-twelve-month revenue of about A$9.6M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of AV1?
The net profit margin of Adveritas Limited is about -55.5%, meaning it is currently running at a net loss. 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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