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CANEX Metals Inc (CANX) fair value: what the stock is really worth

We calculate from audited financials what CANEX Metals Inc is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

  1. Price below fair value? No
  2. Good quality? No
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Basic Materials · CA · ISIN CA13751X1015

CM

CANEX Metals Inc

CANX · V
Evidence: Low As of: Jun 24, 2026
PriceC$0.4100
Fair ValueC$0.1000
Upside−75.6%
Quality24/100

Weakest SetupStrongly overvalued and low quality.

!Fair value C$0.1000 · Strongly overvalued (−76%)
!Quality 24/100 (market factors 75, not scored)
!Weak Growth
!negative free cash flow
!Trails peers (0/7)
!Narrow moat 0/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

C$0.4300 C$0.0300 Fair Value C$0.1000 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

60‑month range C$0.0300 – C$0.4300 · fair‑value band C$0.0800 – C$0.1300 · the C$0.4100 price screens above the C$0.1000 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Company profile

CANEX Metals Inc., explores and develops of mineral properties in Canada and the United States. The company explores for gold, copper, and silver deposits.

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CANEX Metals Inc., explores and develops of mineral properties in Canada and the United States. The company explores for gold, copper, and silver deposits. It holds interests in the Gold Range property that consists of 261 lode mining claims and 2 patented claims covering an area of approximately 1650 hectares located in Mohave County, Arizona; and the Gibson property covering an area of approximately 887 hectares located in central British Columbia. The company also holds interests in the Louise Lake property that consist of six mineral claims, covering an area of 5,362.95 hectares situated in the Omineca Mining Division, British Columbia. In addition, it has an option agreement to acquire the Excelsior Mine gold project. The company was incorporated in 1971 and is headquartered in Calgary, Canada.

Stock analysis

CANEX Metals Inc (CANX) currently trades at C$0.4100, while our model-based Fair Value estimate is C$0.1000, implying the stock looks roughly 310.0% overvalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: C$0.0800 (bear) to C$0.1300 (bull), the price of C$0.4100 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 24/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

CANEX Metals Inc reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$497K in FY2025.

Key figures

Market cap C$106M (≈ $76.3M) · Return on equity −5.6% · Return on assets (EBIT) −7.4% · EPS growth (YoY) −23.9% · Free cash flow −C$789K · Net cash C$696K.

What moves the price

The share trades near its 52-week high, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −76%, CANX screens richer than that median.

Fair Value models

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.
Highest evidence
NCAV (Graham) C$0.0100 C$0.0200 C$0.0300 50
All 1 models by family
Asset-Based
NCAV (Graham) C$0.0100 C$0.0200 C$0.0300 50

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Key figures & financial health

Market cap C$106M (≈ $76.3M)
Return on equity −5.6% TTM
Return on assets (EBIT) −7.4% avg 5y
EPS growth (YoY) −23.9%
Free cash flow −C$789K FY2025
Net cash C$696K FY2023

Quality Score breakdown

Overall quality 24/100

Of which business quality 28 · Market factors (momentum, volatility) 75

Profitability 0
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 18
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 96
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CANEX Metals Inc reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$497K in FY2025.

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 growth is weak, negative or inconsistent.
Latest Revenue (FY 2012)
C$123K
Avg. revenue growth/yr (16Y) 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.
+16.5%
EBIT 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.
−878.9% (2005) → −2,011.6% (2012)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue
FY21 C$0
FY22 C$0
FY23 C$0
FY24 C$0
FY25 C$0
Net income
FY21 −C$806K
FY22 −C$781K
FY23 −C$535K
FY24 −C$279K
FY25 −C$497K

CANX screens 310% overvalued. Compare with Newmont Corporation →

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Cite: Fair Value Calculator (2026). "CANEX Metals Inc Fair Value". https://www.fairvalue-calculator.com/stock/CANX

Peer Group

Gold · 257 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.

Valuation
Quality Score 29 · Bottom 25%
Fair Value upside −75% · Bottom 25%
Profitability
Return on assets −3% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Below median
Growth and dividend
Revenue growth 0% · Below median

Valuation Multiples vs Gold median · lower = cheaper

P/B 5.52× · Priciest 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.

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥34.11 ¥39.42 +16%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $43.46 $50.66 +17%
Franco-Nevada Corporation FNV $266.18 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
AngloGold Ashanti plc AU $97.92 $88.63 −9%
Kinross Gold Corporation KGC $30.87 $34.62 +12%
Royal Gold, Inc RGLD $262.11 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%

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Frequently asked questions

Is CANEX Metals Inc (CANX) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$0.1000 versus a price of C$0.4100, about −76% upside (overvalued).
What is the fair value of CANX?
Our model-based fair value for CANEX Metals Inc is C$0.1000 (as of Jun 24, 2026), built from audited fundamentals. The current price: C$0.4100.
What is the quality score of CANX?
CANEX Metals Inc 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 price target for CANEX Metals Inc (CANX)?
Our model-based price target is the fair value of C$0.1000 (as of Jun 24, 2026) from 1 valuation models. Cautious scenario C$0.0800, optimistic scenario C$0.1300. It is a calculation from audited fundamentals, not an analyst target.
What is the CANEX Metals Inc stock forecast for 2026?
Our models put fair value at C$0.1000, about −76% upside versus a price of C$0.4100 (overvalued). Cautious scenario C$0.0800, optimistic scenario C$0.1300. The calculation is refreshed regularly with new filings.
What is the net profit margin of CANX?
The net profit margin of CANEX Metals Inc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
What is the intrinsic value of CANEX Metals Inc (CANX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CANEX Metals Inc it is C$0.1000 per share (as of Jun 24, 2026), against a price of C$0.4100. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is CANEX Metals Inc stock overvalued or undervalued in 2026?
As of Jun 24, 2026, CANX trades above its calculated fair value: price C$0.4100, fair value C$0.1000, a gap of about −76% (overvalued). 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 CANX?
No. The price is what the market pays today (C$0.4100); the fair value is what the company's own numbers justify (C$0.1000). For CANEX Metals Inc the two are C$0.3100 per share apart. That gap is exactly why we show both numbers side by side.
How much is CANEX Metals Inc worth?
The market values CANEX Metals Inc at about C$106M (market capitalisation, as of Jun 24, 2026). Per share that is C$0.4100; our models calculate a fair value of C$0.1000 per share.
What do the bullish and bearish scenarios say about CANX?
Our models span a range for CANEX Metals Inc: cautious scenario C$0.0800, base C$0.1000, optimistic C$0.1300 per share (as of Jun 24, 2026, price C$0.4100). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CANEX Metals Inc (CANX)?
Balance-sheet figures for CANEX Metals Inc (as of Jun 24, 2026): return on equity −5.6%. They feed the Quality Score of 24/100, which measures business quality independently of the share price.
How far is CANX from its 52-week high?
CANEX Metals Inc trades at C$0.4100, about 24% below its 52-week high of C$0.3300 and 486% above the low of C$0.0700 (as of Jun 24, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.1000 is for.
Which stocks are comparable to CANEX Metals Inc?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining 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 CANEX Metals Inc stock attractive at the current price?
The data as of Jun 24, 2026: price C$0.4100, calculated fair value C$0.1000 (−76%), Quality Score 24/100, from 1 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 CANX calculated?
We run CANEX Metals Inc through 1 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 C$0.1000, 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 31.6 % above its aggregate fair value. CANEX Metals Inc 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
What should I pay attention to with CANEX Metals Inc right now?
The price sits above even our optimistic bull case (C$0.1300). The favourable scenario is already priced in. Weak quality (24/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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