Cullen Resources Ltd (CUL) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Cullen Resources Ltd stock A$0.01, price A$0.01, that is 12.5% below the price, quality 73 out of 100. Rating: overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range A$0.0030 – A$0.0209 · the A$0.0060 price screens above the A$0.0053 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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.
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The company was incorporated in 1982 and is based in South Perth, Australia.
Stock analysis
Cullen Resources Ltd (CUL) currently trades at A$0.0060, while our model-based Fair Value estimate is A$0.0053, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of A$0.0400 per share, and 15 of the 15 models we run sit above the A$0.0060 price.
Bear case: the Earnings-Based group reads lowest at A$0.0100, and 0 of the 15 models stay below the price. Data coverage for this calculation is low.
Quality & growth
The Quality Score stands at 73/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Cullen Resources Ltd reported revenue of A$1.6M in FY2026 versus A$55.7K in FY2022, a compound +129.7%/yr. Reported net income was A$340K in FY2026.
Key figures
Market cap A$4.2M (≈ $2.9M) Micro · P/S ratio 2.68 · Net margin 22.0% · Return on equity 7.2% · Return on assets (EBIT) −1.4% (5-year average) · Operating margin −1,237% · Revenue (TTM) A$1.6M · Revenue growth (YoY) −65.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −13%, CUL screens richer than that median.
Fair Value models
BearA$0.0053Fair Value A$0.0053BullA$0.0053
Price A$0.0060 · Downside -12.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.87/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+882.5%
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.
+163.6%
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.
+86.1%
Start year 2021 (pandemic). Over 10 years: +28.8% a year
Revenue growth 25 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.
+16.0%
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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.
−835.1% (2020) → −291.1% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less 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).
−23.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −26.1% 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.Other Industrial Metals & Mining · 372 stocks
Beats the industry median on 9/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside−12.5% · Above median
Profitability
Return on equity (12 months)7.2% · Above median
Return on assets6.7% · Top 25%
Net margin (12 months)21.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−65.9% · Bottom 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is Cullen Resources Ltd (CUL) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of A$0.0053 versus a price of A$0.0060, about 13% lower (overvalued).
What is the fair value of CUL?
Our model-based fair value for Cullen Resources Ltd is A$0.0053 (as of Nov 7, 2026), built from audited fundamentals. The current price: A$0.0060.
What is the quality score of CUL?
Cullen Resources Ltd has a Quality Score of 73/100. 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 Cullen Resources Ltd (CUL)?
Our model-based price target is the fair value of A$0.0053 (as of Nov 7, 2026) from 15 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Cullen Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0053, about 13% lower versus a price of A$0.0060 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Cullen Resources Ltd (CUL)?
Cullen Resources Ltd reported trailing-twelve-month revenue of about A$1.6M (latest available figure, as of Nov 7, 2026).
What growth is priced into Cullen Resources Ltd (CUL)?
For today's price to be fair in a discounted-cash-flow model, Cullen Resources Ltd would have to grow free cash flow by -23.9 % per year for five years (discount rate 8.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +86.1 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of CUL use?
Our models discount Cullen Resources Ltd at 8.8 %: a base by market capitalisation (nano), damped by beta 0.70, 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 Cullen Resources Ltd that is -23.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.8 %) and the same formula as our fair value.
How much growth has Cullen Resources Ltd (CUL) delivered so far?
Over the past 5 years revenue at Cullen Resources Ltd grew +86.1 % a year. The price currently implies free-cash-flow growth of -23.9 % per 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 Cullen Resources Ltd (CUL) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Cullen Resources Ltd (-23.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Cullen Resources Ltd (CUL)?
The free-cash-flow yield on the price is 26.97 %: that much free cash flow Cullen Resources Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Cullen Resources Ltd (CUL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cullen Resources Ltd it is A$0.0053 per share (as of Nov 7, 2026), against a price of A$0.0060. It is the blended result of 15 valuation models in 6 families (DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings).
Is Cullen Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, CUL trades above its calculated fair value: price A$0.0060, fair value A$0.0053, a gap of about −13% (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 CUL?
No. The price is what the market pays today (A$0.0060); the fair value is what the company's own numbers justify (A$0.0053). For Cullen Resources Ltd the two are A$0.0008 per share apart. That gap is exactly why we show both numbers side by side.
How much is Cullen Resources Ltd worth?
The market values Cullen Resources Ltd at about A$4.2M (market capitalisation, as of Nov 7, 2026). Per share that is A$0.0060; our models calculate a fair value of A$0.0053 per share.
How solid is the balance sheet of Cullen Resources Ltd (CUL)?
Balance-sheet figures for Cullen Resources Ltd (as of Nov 7, 2026): return on equity 7.2%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is CUL from its 52-week high?
Cullen Resources Ltd trades at A$0.0060, about 33% below its 52-week high of A$0.0090 and 20% above the low of A$0.0050 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0053 is for.
Which stocks are comparable to Cullen Resources Ltd?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, 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 Cullen Resources Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price A$0.0060, calculated fair value A$0.0053 (−13%), Quality Score 73/100, from 15 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 CUL calculated?
We run Cullen Resources Ltd through 15 models from 6 families: DCF Models, Earnings-Based, Multiples, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$0.0053 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Cullen 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 Cullen Resources Ltd (CUL)?
The closing price on Nov 9, 2026 was A$0.0060. Our model-based fair value is A$0.0053, about 13% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cullen Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.0053). The favourable scenario is already priced in. Solid but not exceptional quality (73/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Cullen Resources Ltd
How large is the market capitalisation of Cullen Resources Ltd (CUL)?
The market capitalisation of Cullen Resources Ltd is A$4.2M (≈ $2.9M). 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 Cullen Resources Ltd (CUL)?
The price-to-sales ratio of Cullen Resources Ltd is 2.68 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Cullen Resources Ltd (CUL)?
The net margin of Cullen Resources Ltd is 22.0% (fiscal year 2026). 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 Cullen Resources Ltd (CUL)?
The return on equity (ROE) of Cullen Resources Ltd is 7.2% (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 Cullen Resources Ltd (CUL)?
On an EBIT basis the return on assets of Cullen Resources Ltd is −1.4% (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 Cullen Resources Ltd (CUL)?
The operating margin of Cullen Resources Ltd is −1,237% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cullen Resources Ltd (CUL)?
Revenue at Cullen Resources Ltd is growing −65.9% versus a year earlier (3y avg +164%). 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 cash does Cullen Resources Ltd (CUL) hold?
Cullen Resources Ltd holds more cash than debt, A$293K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 7, 2026