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Cullen Resources Limited (CUL) Fair Value & Analysis

Basic Materials · AU · Market cap A$4.2M

CR Cullen Resources Limited CUL · AU
PriceA$0.0060
Fair ValueA$0.0052
Upside-13.3%
Quality30/100
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Mixed Growth
Highly profitable · 43.5% net margin
negative free cash flow
Ranks above peers (9/10)
Wide moat 68/100
Evidence: Low Range A$0.0050 – A$0.0055 Share as image

Fair value as of: Jul 11, 2026

From 1 valuation models · updated 30 days ago

Below-average quality, and screening another 13% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0055). The favourable scenario is already priced in.
  • The models converge in a tight band (A$0.0050 to A$0.0055), unusually little disagreement for a valuation.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

A$0.0266 A$0.0030 Fair Value A$0.0052 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range A$0.0030 – A$0.0266 · fair‑value band A$0.0050 – A$0.0055 · the A$0.0060 price screens above the A$0.0052 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Cullen Resources Limited (CUL) currently trades at A$0.0060, while our model-based Fair Value estimate is A$0.0052, implying the stock looks roughly 13.3% overvalued today. The Quality Score stands at 30/100 (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).

Over the trailing twelve months, Cullen Resources Limited generated revenue of A$1.7M at a net margin of 43.5%. It earns a return on equity of 13.8%. Fundamentals as of Jul 11, 2026

Our scenario range runs from A$0.0050 (bear case) to A$0.0055 (bull case); at A$0.0060, 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 about 40% below its 52-week high and 100% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -13%, CUL 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
NCAV (Graham) A$0.0100 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 50

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Key figures & financial health

Revenue (TTM) A$1.7M
Revenue growth (YoY) +2,764%
Net margin 43.5%
Return on equity 13.8%
Free cash flow −A$384K FY2025
Operating margin 72.3%
More key figures
Net debt A$52.6K FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 24 · Market factors (momentum, volatility) 35

Profitability 0
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 45
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

Cullen Resources Limited, together with its subsidiaries, engages in the mineral exploration activities in Western Australia and Finland. It explores for gold, lithium, nickel, copper, iron ore, and platinum group elements, as well as base metals. The company was incorporated in 1982 and is based in South Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cullen Resources Limited reported revenue of A$158K in FY2025 versus A$69.5K in FY2021, a compound +22.7%/yr. Reported net income was −A$902K in FY2025.

Growth Quality 54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$158K
Latest YoY
+31.6%
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.
+41.5%
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.
+15.0%
Avg. growth/yr (24Y) 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.
+6.1%
Revenue +22.7%/yr
FY21 A$69.5K
FY22 A$55.7K
FY23 A$84.6K
FY24 A$120K
FY25 A$158K
Net income
FY21 −A$1.3M
FY22 −A$1.4M
FY23 −A$1.2M
FY24 −A$1.1M
FY25 −A$902K

CUL screens 13% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Cullen Resources Limited Fair Value". https://www.fairvalue-calculator.com/stock/CUL

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 30 · Below median
Fair Value upside −13% · Above median
Return on equity (TTM) 14% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 43% · Top 25%
Operating margin (TTM) 72% · Top 25%
Revenue growth 2764% · Top 25%

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

P/B 0.65× · Cheaper than 75% of peers
P/S (TTM) 1.77× · Cheaper than median
EV/EBITDA 2.2× · Cheaper 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 16 · sector 0
FUTURE 100 · sector 23
PAST 55 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 21

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 11, 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 $14.89 $8.95 -40%
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 Cullen Resources Limited (CUL) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of A$0.0052 versus a price of A$0.0060, about −13% (overvalued).
What is the fair value of CUL?
Our model-based fair value for Cullen Resources Limited is A$0.0052 (as of Jul 11, 2026), built from audited fundamentals. The current price is A$0.0060.
What is the quality score of CUL?
Cullen Resources Limited has a Quality Score of 30/100. 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 Cullen Resources Limited (CUL)?
Cullen Resources Limited reported trailing-twelve-month revenue of about A$1.7M (latest available figure, as of Jul 11, 2026).
What is the net profit margin of CUL?
The net profit margin of Cullen Resources Limited is about 43.5%, meaning it keeps roughly 43.5% 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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