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EQ Resources Ltd (EQR) fair value: what the stock is really worth

As of Oct 9, 2026: fair value of EQ Resources Ltd A$0.04, price A$0.33, upside -86.9%, quality 36 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

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  2. Good quality? No
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Basic Materials · AU · ISIN AU0000122749

ER Thin data Oct 4, 2026

EQ Resources Ltd

EQR · AU

Weakest SetupStrongly overvalued and low quality.

Low debt
Mixed Growth (revenue 5y +105.4 %/yr in AUD)
Thin margins · 4.3% net margin (TTM)
Mixed vs. peers (6/12)
Fair value A$0.0425 · Strongly overvalued (−86.9%)
Quality 36/100
Negative free cash flow
Narrow moat 37/100
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

A$0.5000 A$0.0260 Fair Value A$0.0425 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.

How to read this chart

60‑month range A$0.0260 – A$0.5000 · fair‑value band A$0.0255 – A$0.0510 · the A$0.3250 price screens above the A$0.0425 fair value. Dashed = 300-day average. As of Oct 4, 2026.

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Company profile

EQ Resources Limited explores for and produces tungsten and mineral resources in Australia. The company also explores for gold deposits. Its flagship property is the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland.

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EQ Resources Limited explores for and produces tungsten and mineral resources in Australia. The company also explores for gold deposits. Its flagship property is the Mt Carbine project comprising ML 4867 covering an area of approximately 358.5 hectares, as well as ML 4919 covering an area of 7.891 hectares located in Far North Queensland. The company was formerly known as Speciality Metals International Limited and changed its name to EQ Resources Limited in December 2020. The company was incorporated in 2005 and is based in Mount Carbine, Australia.

Stock analysis

EQ Resources Ltd (EQR) currently trades at A$0.3250, while our model-based Fair Value estimate is A$0.0425, 86.9% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the DCF Models group reads highest at a median of A$0.1000 per share, and 0 of the 15 models we run sit above the A$0.3250 price.

Bear case: the Multiples group reads lowest at A$0.0200, and 15 of the 15 models stay below the price. Evidence for this calculation is low.

Scenario range: A$0.0255 (bear) to A$0.0510 (bull), the price of A$0.3250 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 36/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

EQ Resources Ltd reported revenue of A$165M in FY2025 versus A$4.0M in FY2021, a compound +153.4%/yr. Reported net income was A$7.1M in FY2025.

Key figures

Market cap A$2.1B (≈ $1.4B) · P/S ratio 12.5 · EPS (TTM) A$−0.0100 · Net margin 4.3% · Return on equity 7.5% · Return on assets (EBIT) −11.2% · Operating margin 16.6% · Revenue (TTM) A$165M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (low confidence).

What moves the price

The share trades about 35% below its 52-week high and 755% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −87%, EQR screens richer than that median.

Fair Value models

Bear A$0.0255 Fair Value A$0.0425 Bull A$0.0510
Price A$0.3250 · Upside -86.9%
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. 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. 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
EPV A$0.0300 A$0.0300 A$0.0400 74
Owner Earnings A$0.0500 A$0.1000 A$0.1900 70
ROIC Compounder A$0.0300 A$0.0400 A$0.0500 70
All 15 models by family
DCF Models
Owner Earnings A$0.0500 A$0.1000 A$0.1900 70
Earnings-Based
Graham-Dodd A$0.0100 A$0.0700 A$0.0900 62
Lynch FV A$0.0300 A$0.0500 A$0.0600 59
PEG = 1.0 A$0.0300 A$0.0500 A$0.0600 55
EPV A$0.0300 A$0.0300 A$0.0400 74
Multiples
P/E Multiple A$0.0200 A$0.0200 A$0.0300 63
P/S Multiple A$0.0200 A$0.0200 A$0.0300 58
P/B Multiple A$0.0200 A$0.0200 A$0.0300 55
EV/EBIT A$0.0400 A$0.0500 A$0.0700 65
EV/EBITDA A$0.0600 A$0.0700 A$0.0900 67
EV/Revenue A$0.0400 A$0.0500 A$0.0700 53
Asset-Based
NCAV (Graham) A$0.0100 A$0.0200 A$0.0300 52
Economic Profit
Residual Income A$0.0200 A$0.0200 A$0.0200 68
ROIC Compounder A$0.0300 A$0.0400 A$0.0500 70
Growth Earnings
Growth-Adj P/E A$0.0400 A$0.0600 A$0.0800 65

P/S and P/B multiple show the same value here: both are capped by the same earnings anchor (earnings per share times 17), because margin and return on equity do not support the sector multiple.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 36/100

Of which business quality 37 · Market factors (momentum, volatility) 68

Profitability 30
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 67
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 72
Price trend over the last 3–12 months (market factor)
52W Momentum 81
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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. 50/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+149.4%
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.
+220.2%
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.
+105.4%
Start year 2020 (pandemic). Over 10 years: +139.4% a year
Revenue growth 20 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.
+45.7%
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.
−112.7% (2020) → 11.3% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed

EQR screens overvalued: fair value 87% below the price. Compare with Saudi Arabian Mining Company →

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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 · 370 stocks

Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 36 · Below median
Fair Value upside −87.3% · Bottom 25%
Profitability
Return on equity (TTM) 7.5% · Above median
Return on assets 4.5% · Above median
Net margin (TTM) 4.3% · Below median
Operating margin (TTM) 16.6% · Above median
Growth and dividend
Revenue growth 289.2% · Top 25%
Balance sheet
Debt / equity 0.03× · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 9.39× · Priciest 25%
P/S (TTM) 8.76× · Pricier than median
EV/EBITDA 51.0× · Priciest 25%
PEG 0.54× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 78
PAST (return on equity)30 · sector 0
HEALTH (low debt)99 · sector 95
DIVIDEND (yield)0 · sector 29

VALUE 0: the price sits above our fair-value range.

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹266.35 ₹655.92 +146% vs EQR
CMOC Group 603993 ¥17.08 ¥19.15 +12% vs EQR
Saudi Arabian Mining Company 1211 61.10 SAR 67.21 SAR +10% vs EQR
Hindustan Zinc Limited HINDZINC ₹588.95 ₹647.85 +10% vs EQR
Western Mining Co 601168 ¥35.19 ¥38.71 +10% vs EQR
Boliden AB BOL kr 521.00 kr 464.45 −11% vs EQR
Korea Zinc Company 010130 1,116,000 KRW 646,063 KRW −42% vs EQR
China Tungsten And Hightech Materials Co 000657 ¥57.18 ¥29.56 −48% vs EQR
Xiamen Tungsten Co 600549 ¥46.90 ¥23.62 −50% vs EQR
Ivanhoe Mines Ltd IVN C$12.06 C$4.46 −63% vs EQR

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EQ Resources Ltd · Fair Value
A$0.0425 −87%Fair Value
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Cite: Fair Value Calculator (2026). "EQ Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/EQR

Frequently asked questions

Is EQ Resources Ltd (EQR) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of A$0.0425 versus a price of A$0.3250, about −87% upside (overvalued).
What is the fair value of EQR?
Our model-based fair value for EQ Resources Ltd is A$0.0425 (as of Oct 4, 2026), built from audited fundamentals. The current price: A$0.3250.
What is the quality score of EQR?
EQ Resources Ltd has a Quality Score of 36/100. 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 EQ Resources Ltd (EQR)?
Our model-based price target is the fair value of A$0.0425 (as of Oct 4, 2026) from 15 valuation models. Cautious scenario A$0.0255, optimistic scenario A$0.0510. It is a calculation from audited fundamentals, not an analyst target.
What is the EQ Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0425, about −87% upside versus a price of A$0.3250 (overvalued). Cautious scenario A$0.0255, optimistic scenario A$0.0510. The calculation is refreshed regularly with new filings.
What is the revenue of EQ Resources Ltd (EQR)?
EQ Resources Ltd reported trailing-twelve-month revenue of about A$165M (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of EQ Resources Ltd (EQR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For EQ Resources Ltd it is A$0.0425 per share (as of Oct 4, 2026), against a price of A$0.3250. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is EQ Resources Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, EQR trades above its calculated fair value: price A$0.3250, fair value A$0.0425, a gap of about −87% (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 EQR?
No. The price is what the market pays today (A$0.3250); the fair value is what the company's own numbers justify (A$0.0425). For EQ Resources Ltd the two are A$0.2825 per share apart. That gap is exactly why we show both numbers side by side.
How much is EQ Resources Ltd worth?
The market values EQ Resources Ltd at about A$2.1B (market capitalisation, as of Oct 4, 2026). Per share that is A$0.3250; our models calculate a fair value of A$0.0425 per share.
What do the bullish and bearish scenarios say about EQR?
Our models span a range for EQ Resources Ltd: cautious scenario A$0.0255, base A$0.0425, optimistic A$0.0510 per share (as of Oct 4, 2026, price A$0.3250). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of EQR?
The PEG ratio of EQ Resources Ltd is 0.54 (P/E divided by earnings growth, as of Oct 4, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of EQ Resources Ltd (EQR)?
Balance-sheet figures for EQ Resources Ltd (as of Oct 4, 2026): return on equity 7.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 36/100, which measures business quality independently of the share price.
How far is EQR from its 52-week high?
EQ Resources Ltd trades at A$0.3250, about 35% below its 52-week high of A$0.5000 and 755% above the low of A$0.0380 (as of Oct 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0425 is for.
Which stocks are comparable to EQ Resources Ltd?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, 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 EQ Resources Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price A$0.3250, calculated fair value A$0.0425 (−87%), Quality Score 36/100, 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 EQR calculated?
We run EQ Resources Ltd through 15 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$0.0425, 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 14.5 % above its aggregate fair value. EQ 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 EQ Resources Ltd (EQR)?
The closing price on Oct 9, 2026 was A$0.3250. Our model-based fair value is A$0.0425, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with EQ Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.0510). The favourable scenario is already priced in. Weak quality (36/100) 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$0.0255 to A$0.0510) leaves room in how you read the outcome.

Key figures of EQ Resources Ltd

How large is the market capitalisation of EQ Resources Ltd (EQR)?
The market capitalisation of EQ Resources Ltd is A$2.1B (≈ $1.4B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of EQ Resources Ltd (EQR)?
The price-to-sales ratio of EQ Resources Ltd is 12.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of EQ Resources Ltd (EQR)?
Earnings per share at EQ Resources Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of EQ Resources Ltd (EQR)?
The net margin of EQ Resources Ltd is 4.3% (fiscal year 2025). 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 EQ Resources Ltd (EQR)?
The return on equity (ROE) of EQ Resources Ltd is 7.5% (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 EQ Resources Ltd (EQR)?
On an EBIT basis the return on assets of EQ Resources Ltd is −11.2% (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 EQ Resources Ltd (EQR)?
The operating margin of EQ Resources Ltd is 16.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at EQ Resources Ltd (EQR)?
Revenue at EQ Resources Ltd is growing +289% versus a year earlier (3y avg +220%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does EQ Resources Ltd (EQR) generate?
The free cash flow of EQ Resources Ltd is −A$17.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does EQ Resources Ltd (EQR) carry?
The net debt of EQ Resources Ltd is A$8.6M (fiscal year 2025). 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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