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Bathurst Resources Ltd (BRL) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Bathurst Resources Ltd stock A$0.32, price A$0.35, that is 8.1% below the price, quality 28 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU · Home New Zealand · ISIN NZBRLE0001S4

BR Bathurst Resources Ltd logo Thin data Nov 10, 2026

Bathurst Resources Ltd

BRL · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Low debt
Fair value A$0.3215 · Fairly valued
Mixed vs. peers (5/10)
Revenue last quarter 55% below a year ago.
Quality 28/100
Weak Growth (revenue 5y −16.7 %/yr in AUD)
Loss-making · -22.0% net margin (TTM)
Negative free cash flow
Narrow moat 13/100 · thin data
Thin data
⟳ CyclicalEstimate⚠ Thinly traded
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

A$1.56 A$0.3350 Fair Value A$0.3215 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range A$0.3350 – A$1.56 · fair‑value band A$0.2411 – A$0.4019 · the A$0.3500 price screens above the A$0.3215 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Bathurst Resources Limited engages in the exploration, development, and production of bituminous and coking coal in New Zealand and Canada. The company is involved in steelmaking coal development projects, and the operation of coal mines. It exports coal to Japan, South Korea, India, and China.

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It serves the steelmaking, energy generation, agricultural, health, and food manufacturing industries. The company was formerly known as Bathurst Resources (New Zealand) Limited and changed its name to Bathurst Resources Limited in December 2013.

Bathurst Resources Limited was founded in 2011 and is based in Wellington, New Zealand.

Stock analysis

Bathurst Resources Ltd (BRL) currently trades at A$0.3500, while our estimate is A$0.3215, so the stock looks roughly fairly valued today (gap 8.9%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.2411 (bear) to A$0.4019 (bull), the price of A$0.3500 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 28/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Bathurst Resources Ltd reported revenue of A$18.0M in FY2026 versus A$35.8M in FY2022, a compound −15.8%/yr. Reported net income was −A$4.0M in FY2026.

Key figures

Market cap A$84.0M (≈ $57.8M) Micro · P/S ratio 4.38 · EPS (TTM) A$−0.0200 · Net margin −22.0% · Return on equity −1.3% · Return on assets (EBIT) 3.0% (5-year average) · Operating margin −52.8% · Revenue (TTM) A$20.8M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 13 out of 100 (low confidence).

What moves the price

The share trades about 51% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −22% fair-value upside, at −8%, BRL screens cheaper than that median.

Fair Value

Bear A$0.2411 Fair Value A$0.3215 Bull A$0.4019
Price A$0.3500 · Downside -8.1%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 28/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 5
How much profit the company makes from its sales and capital
Quality Growth 10
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 77
Debt, balance sheet and risk of trouble
Investment 87
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 8
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 2
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−53.3%
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.
−23.5%
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.
−16.7%
Start year 2021 (pandemic). Over 10 years: −9.1% a year
Revenue growth 18 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.
+32.6%
Profit margin (trend) ⓘ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.
0.7% (2021) → −39.3% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Compare Bathurst Resources Ltd with another stock

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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.Coking Coal · 23 stocks

Beats the industry median on 3/8 measures
Overall it trails its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside −8.1% · Above median
Profitability
Return on assets −1.3% · Above median
Net margin (12 months) −22.0% · Bottom 25%
Operating margin (12 months) −52.8% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −54.5% · Bottom 25%

Valuation Multiplesvs Coking Coal median · lower = cheaper

P/B 0.29× · Cheapest 25%
P/S (12 months) 4.03× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)23 · sector 11
FUTURE (revenue growth)0 · sector 32
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · sector 89
DIVIDEND (yield)0 · sector 25

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Coal

Similar stocks

10 more Coking Coal stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shougang Fushan Resources Group 0639 HK$2.77 HK$3.68 +33% vs BRL
Coronado Global Resources Inc CODQL $0.1050 $0.1230 +17% vs BRL
Kailuan Energy Chemical Co 600997 ¥5.50 ¥6.12 +11% vs BRL
PT Alamtri Minerals Indonesia Tbk, ADMR 1,305 IDR 1,229 IDR −6% vs BRL
Mongolian Mining Corporation 0975 HK$7.23 HK$5.60 −22% vs BRL
Shanxi Meijin Energy Co 000723 ¥3.28 ¥2.48 −24% vs BRL
Shanxi Coking Co 600740 ¥3.53 ¥2.38 −33% vs BRL
Alpha Metallurgical Resources, Inc AMR $157.64 $92.08 −42% vs BRL
SunCoke Energy, Inc SXC $10.66 $5.64 −47% vs BRL
Warrior Met Coal, Inc HCC $85.45 $28.76 −66% vs BRL

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Bathurst Resources Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Bathurst Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BRL

Frequently asked questions

Is Bathurst Resources Ltd (BRL) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.3215 versus a price of A$0.3500, about 8% lower (fairly valued).
What is the fair value of BRL?
Our estimate for Bathurst Resources Ltd is A$0.3215 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.3500.
What is the quality score of BRL?
Bathurst Resources Ltd has a Quality Score of 28/100. 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 Bathurst Resources Ltd (BRL)?
Our calculated price target is the estimate of A$0.3215 (as of Nov 10, 2026). Cautious scenario A$0.2411, optimistic scenario A$0.4019. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Bathurst Resources Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.3215, about 8% lower versus a price of A$0.3500 (fairly valued). Cautious scenario A$0.2411, optimistic scenario A$0.4019. The calculation is refreshed regularly with new filings.
What is the revenue of Bathurst Resources Ltd (BRL)?
Bathurst Resources Ltd reported trailing-twelve-month revenue of about A$20.8M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Bathurst Resources Ltd (BRL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bathurst Resources Ltd it is A$0.3215 per share (as of Nov 10, 2026), against a price of A$0.3500.
Is Bathurst Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, BRL trades above its calculated fair value: price A$0.3500, fair value A$0.3215, a gap of about −8% (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 BRL?
No. The price is what the market pays today (A$0.3500); the fair value is what the company's own numbers justify (A$0.3215). For Bathurst Resources Ltd the two are A$0.0285 per share apart. That gap is exactly why we show both numbers side by side.
How much is Bathurst Resources Ltd worth?
The market values Bathurst Resources Ltd at about A$84.0M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.3500; our models calculate a fair value of A$0.3215 per share.
What do the bullish and bearish scenarios say about BRL?
Our models span a range for Bathurst Resources Ltd: cautious scenario A$0.2411, base A$0.3215, optimistic A$0.4019 per share (as of Nov 10, 2026, price A$0.3500). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Bathurst Resources Ltd (BRL)?
Balance-sheet figures for Bathurst Resources Ltd (as of Nov 10, 2026): return on equity −1.3%. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is BRL from its 52-week high?
Bathurst Resources Ltd trades at A$0.3500, about 51% below its 52-week high of A$0.7200 and 4% above the low of A$0.3350 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.3215 is for.
Which stocks are comparable to Bathurst Resources Ltd?
From the same area (Basic Materials) we also value Warrior Met Coal, Inc, PT Alamtri Minerals Indonesia Tbk,, Shanxi Meijin Energy Co, Coronado Global Resources Inc, 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 Bathurst Resources Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.3500, calculated fair value A$0.3215 (−8%), Quality Score 28/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Bathurst Resources 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 Bathurst Resources Ltd (BRL)?
The closing price on Nov 10, 2026 was A$0.3500. Our estimate is A$0.3215, about 8% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bathurst Resources Ltd right 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.

Key figures of Bathurst Resources Ltd

How large is the market capitalisation of Bathurst Resources Ltd (BRL)?
The market capitalisation of Bathurst Resources Ltd is A$84.0M (≈ $57.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Bathurst Resources Ltd (BRL)?
The price-to-sales ratio of Bathurst Resources Ltd is 4.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Bathurst Resources Ltd (BRL)?
Earnings per share at Bathurst Resources Ltd are A$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Bathurst Resources Ltd (BRL)?
The net margin of Bathurst Resources Ltd is −22.0% (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 Bathurst Resources Ltd (BRL)?
The return on equity (ROE) of Bathurst Resources Ltd is −1.3% (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 Bathurst Resources Ltd (BRL)?
On an EBIT basis the return on assets of Bathurst Resources Ltd is 3.0% (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 Bathurst Resources Ltd (BRL)?
The operating margin of Bathurst Resources Ltd is −52.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bathurst Resources Ltd (BRL)?
Revenue at Bathurst Resources Ltd is growing −54.5% versus a year earlier (3y avg −23.5%). 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 Bathurst Resources Ltd (BRL)?
Earnings per share at Bathurst Resources Ltd are growing −9.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Bathurst Resources Ltd (BRL) generate?
The free cash flow of Bathurst Resources Ltd is −A$2.0M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Bathurst Resources Ltd (BRL) hold?
Bathurst Resources Ltd holds more cash than debt, A$10.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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