Butn Ltd (BTN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Butn Ltd A$0.01, price A$0.01, upside -7.8%, quality 25 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.0080 – A$0.5050 · fair‑value band A$0.0081 – A$0.0085 · the A$0.0090 price screens above the A$0.0083 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Butn Limited provides transactional funding to small and medium enterprises in Australia.
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Butn Limited provides transactional funding to small and medium enterprises in Australia. The company provides Butn X, a solution that helps customers to get paid as soon as the goods and services are delivered with advanced payments; Butn Terms, a solution that enables organizations to outsource their accounts receivables; and Butn Pay, a solution to purchase goods and services instantly and choose the repayment terms. It also offers factoring, supply chain finance and commission advancement across a wide range of industries. The company was founded in 2015 and is headquartered in Balaclava, Australia.
Stock analysis
Butn Ltd (BTN) currently trades at A$0.0090, while our model-based Fair Value estimate is A$0.0083, implying the stock looks roughly 8.4% fairly valued today.
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Valuation
How firm this estimate is: it rests on 6 models at a data quality of 91/100, which puts the evidence level at low.
Scenario range: A$0.0081 (bear) to A$0.0085 (bull), the price of A$0.0090 sits above 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 25/100 (below-average quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Butn Ltd reported revenue of A$334K in FY2024 versus A$4.5M in FY2020, a compound −48.0%/yr. Reported net income was −A$2.7M in FY2024.
Key figures
Market cap A$6.9M (≈ $4.8M) · P/S ratio 0.89 · EPS (TTM) A$−0.0200 · Net margin −61.4% · Return on equity −43.0% · Return on assets (EBIT) −3.9% · Operating margin −41.5% · Revenue growth (YoY) −11.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 92% below its 52-week high and 13% above its 52-week low.
For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at −8%, BTN screens cheaper than that median.
Fair Value models
Bear A$0.0081Fair Value A$0.0083Bull A$0.0085
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.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 ⓘ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.9/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−97.5%
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.
−60.5%
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.
−41.0%
Revenue growth 7 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.
−24.0%
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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.
47.2% (2019) → −791.3% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+34.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +31.1% 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.Credit Services · 330 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score31 · Bottom 25%
Fair Value upside−8% · Below median
Profitability
Return on assets−5% · Bottom 25%
Net margin (TTM)−61% · Bottom 25%
Operating margin (TTM)−41% · Bottom 25%
Growth and dividend
Revenue growth−12% · Bottom 25%
Valuation Multiplesvs Credit Services 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). "Butn Ltd Fair Value". https://www.fairvalue-calculator.com/stock/BTN
Frequently asked questions
Is Butn Ltd (BTN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0083 versus a price of A$0.0090, about −8% upside (fairly valued).
What is the fair value of BTN?
Our model-based fair value for Butn Ltd is A$0.0083 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0090.
What is the quality score of BTN?
Butn Ltd has a Quality Score of 25/100. 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 Butn Ltd (BTN)?
Our model-based price target is the fair value of A$0.0083 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario A$0.0081, optimistic scenario A$0.0085. It is a calculation from audited fundamentals, not an analyst target.
What is the Butn Ltd stock forecast for 2026?
Our models put fair value at A$0.0083, about −8% upside versus a price of A$0.0090 (fairly valued). Cautious scenario A$0.0081, optimistic scenario A$0.0085. The calculation is refreshed regularly with new filings.
What growth is priced into Butn Ltd (BTN)?
For today's price to be fair in a discounted-cash-flow model, Butn Ltd would have to grow free cash flow by +34.9 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -41.0 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of BTN use?
Our models discount Butn Ltd at 9.6 %: a base by market capitalisation (nano), damped by beta 1.05, country premium for Australia. 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 Butn Ltd that is +34.9 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Butn Ltd (BTN) delivered so far?
Over the past 5 years revenue at Butn Ltd grew -41.0 % a year. The price currently implies +34.9 % 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 Butn Ltd (BTN) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Butn Ltd (+34.9 % 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 Butn Ltd (BTN)?
The free-cash-flow yield on the price is 38.25 %: that much free cash flow Butn Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Butn Ltd (BTN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Butn Ltd it is A$0.0083 per share (as of Sep 23, 2026), against a price of A$0.0090. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Butn Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, BTN trades above its calculated fair value: price A$0.0090, fair value A$0.0083, 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 BTN?
No. The price is what the market pays today (A$0.0090); the fair value is what the company's own numbers justify (A$0.0083). For Butn Ltd the two are A$0.0007 per share apart. That gap is exactly why we show both numbers side by side.
How much is Butn Ltd worth?
The market values Butn Ltd at about A$6.9M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0090; our models calculate a fair value of A$0.0083 per share.
What do the bullish and bearish scenarios say about BTN?
Our models span a range for Butn Ltd: cautious scenario A$0.0081, base A$0.0083, optimistic A$0.0085 per share (as of Sep 23, 2026, price A$0.0090). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Butn Ltd (BTN)?
Balance-sheet figures for Butn Ltd (as of Sep 23, 2026): return on equity −43.0%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is BTN from its 52-week high?
Butn Ltd trades at A$0.0090, about 92% below its 52-week high of A$0.1100 and 13% above the low of A$0.0080 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0083 is for.
Which stocks are comparable to Butn Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 Butn Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0090, calculated fair value A$0.0083 (−8%), Quality Score 25/100, from 2 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 BTN calculated?
We run Butn Ltd through 2 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 A$0.0083, 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 14.1 % above its aggregate fair value. Butn 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 Butn Ltd (BTN)?
The closing price on Sep 23, 2026 was A$0.0090. Our model-based fair value is A$0.0083, about −8% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Butn Ltd right now?
The price sits above even our optimistic bull case (A$0.0085). The favourable scenario is already priced in. The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (A$0.0081 to A$0.0085), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Butn Ltd
How large is the market capitalisation of Butn Ltd (BTN)?
The market capitalisation of Butn Ltd is A$6.9M (≈ $4.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Butn Ltd (BTN)?
The price-to-sales ratio of Butn Ltd is 0.89 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Butn Ltd (BTN)?
Earnings per share at Butn Ltd are A$−0.0200. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Butn Ltd (BTN)?
The net margin of Butn Ltd is −61.4% (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 Butn Ltd (BTN)?
The return on equity (ROE) of Butn Ltd is −43.0% (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 Butn Ltd (BTN)?
On an EBIT basis the return on assets of Butn Ltd is −3.9% (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 Butn Ltd (BTN)?
The operating margin of Butn Ltd is −41.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Butn Ltd (BTN)?
Revenue at Butn Ltd is growing −11.6% versus a year earlier (3y avg −60.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does Butn Ltd (BTN) carry?
The net debt of Butn Ltd is A$74.7M (fiscal year 2024, ≈ 77.3 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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