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Connected Minerals Limited (CML) Fair Value & Analysis

Basic Materials · AU · Market cap A$20.4M

CM Connected Minerals Limited CML · AU
PriceA$0.4200
Fair ValueA$0.0595
Upside-85.8%
Quality22/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (1/9)
Narrow moat 10/100
Evidence: Low Range A$0.0340 – A$0.0680 Share as image

Fair value as of: Jul 15, 2026

From 1 valuation models · updated 26 days ago

Share price +20.0% over the past month.

Below-average quality, and screening another 86% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0680). The favourable scenario is already priced in.
  • Weak quality (22/100) 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.
  • A fairly wide model range (A$0.0340 to A$0.0680) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

A$1.40 A$0.1100 Fair Value A$0.0595 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range A$0.1100 – A$1.40 · fair‑value band A$0.0340 – A$0.0680 · the A$0.4200 price screens above the A$0.0595 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Connected Minerals Limited (CML) currently trades at A$0.4200, while our model-based Fair Value estimate is A$0.0595, implying the stock looks roughly 85.8% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

It earns a return on equity of -38.8%. Fundamentals as of Jul 15, 2026

Our scenario range runs from A$0.0340 (bear case) to A$0.0680 (bull case); at A$0.4200, the current price sits above 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 near its 52-week high and 282% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -86%, CML screens richer 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
NCAV (Graham) A$0.0600 A$0.0800 A$0.1200 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0600 A$0.0800 A$0.1200 50

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Key figures & financial health

Return on equity -38.8%
Free cash flow −A$1.8M FY2025
EPS (TTM) A$-0.0400
Net cash A$925K FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 28 · Market factors (momentum, volatility) 71

Profitability 0
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 92
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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

Connected Minerals Limited operates as an exploration and resources development company in Namibia and Western Australia. The company explores for uranium, lead, copper, gold, silver, heavy mineral sands, and rare earth elements.

Full company description

Connected Minerals Limited operates as an exploration and resources development company in Namibia and Western Australia. The company explores for uranium, lead, copper, gold, silver, heavy mineral sands, and rare earth elements. Its projects include the Etango North-East project, which covers 30 square kilometers in the western part of Namibia; the Swakopmund project covering 125 square kilometers located along the trend to Orano's Trekkopje and Klein Trekkopje deposits; and the Pallingup project covering 88 square kilometers located in the Great Southern region of Western Australia. The company was formerly known as Connected IO Limited and changed its name to Connected Minerals Limited in August 2024. Connected Minerals Limited was incorporated in 1983 and is based in Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Connected Minerals Limited reported revenue of A$52.1K in FY2025 versus A$1.2M in FY2021, a compound −54.3%/yr. Reported net income was −A$2.2M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$52.1K
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.
−61.4%
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.
−57.6%
Avg. growth/yr (36Y) 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.
−8.4%
Revenue −54.3%/yr
FY21 A$1.2M
FY22 A$903K
FY23 A$35.5K
FY24 A$8.5K
FY25 A$52.1K
Net income
FY21 −A$5.7M
FY22 −A$984K
FY23 −A$456K
FY24 −A$418K
FY25 −A$2.2M

CML screens 86% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Connected Minerals Limited Fair Value". https://www.fairvalue-calculator.com/stock/CML

Peer Group

Other Industrial Metals & Mining · 475 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 28 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Return on assets -25% · Bottom 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/B 1.98× · Pricier than median
PEG 3.11× · Pricier than 75% of peers

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Connected Minerals Limited (CML) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of A$0.0595 versus a price of A$0.4200, about −86% (overvalued).
What is the fair value of CML?
Our model-based fair value for Connected Minerals Limited is A$0.0595 (as of Jul 15, 2026), built from audited fundamentals. The current price is A$0.4200.
What is the quality score of CML?
Connected Minerals Limited has a Quality Score of 22/100. 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 net profit margin of CML?
The net profit margin of Connected Minerals Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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