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Excellon Resources Inc. (EXN) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of Excellon Resources Inc. C$0.06, price C$0.39, upside -84.6%, quality 21 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · CA

ER Thin data Sep 23, 2026

Excellon Resources Inc.

EXN · V

Weakest SetupStrongly overvalued and low quality.

!Fair value C$0.0595 · Strongly overvalued (−85%)
!Quality 21/100
!Weak Growth (revenue YoY −32.0 %/yr)
!negative free cash flow
!Trails peers (0/7)
!Narrow moat 3/100
!Evidence only low, so the estimate is less certain
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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

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Price vs Fair Value

C$8.75 C$0.1100 Fair Value C$0.0595 Jan 2009 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.

How to read this chart

60‑month range C$0.1100 – C$8.75 · fair‑value band C$0.0425 – C$0.0850 · the C$0.3850 price screens above the C$0.0595 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Excellon Resources Inc. engages in the acquisition, exploration, and advancement of mineral properties in the United States, Germany, and Mexico. It primarily explores for silver, lead, gold, and zinc deposits, as well as base metals. The company was incorporated in 1987 and is based in Toronto, Canada.

Stock analysis

Excellon Resources Inc. (EXN) currently trades at C$0.3850, while our model-based Fair Value estimate is C$0.0595, implying the stock looks roughly 547.2% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 89/100, which puts the evidence level at low.

Scenario range: C$0.0425 (bear) to C$0.0850 (bull), the price of C$0.3850 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 21/100 (below-average quality), in the Basic Materials sector.

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

Excellon Resources Inc. reported revenue of $0 in FY2025 versus $38.0M in FY2021. Reported net income was −$4.4M in FY2025.

Key figures

Market cap C$156M (≈ $110M) · EPS (TTM) C$−0.0300 · Return on equity −21.5% · Return on assets (EBIT) −25.6% · Free cash flow −C$7.2M · Net debt C$3.1M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).

What moves the price

The share trades about 43% below its 52-week high and 60% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −64% fair-value upside, at −85%, EXN screens richer than that median.

Fair Value models

Bear C$0.0425 Fair Value C$0.0595 Bull C$0.0850
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$0.0300 C$0.0500 C$0.0700 51
All 1 models by family
Asset-Based
NCAV (Graham) C$0.0300 C$0.0500 C$0.0700 51

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Quality Score breakdown

Overall quality 21/100

Of which business quality 25 · Market factors (momentum, volatility) 29

Profitability 0
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 20
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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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. 0/100
Revenue growth is weak, negative or inconsistent.
What shareholders gained per year ⓘ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

EXN screens 547% overvalued. Compare with First Majestic Silver Corp →

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Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Silver” was too small, so the broader sector is used.)Materials · 3594 stocks

Beats the sector median on 0/6 measures
Overall it trails its sector peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside −85% · Bottom 25%
Profitability
Return on assets −8% · Bottom 25%
Operating margin (TTM) 0% · Below median
Growth and dividend
Revenue growth 0% · Below median

Valuation Multiplesvs Materials median · lower = cheaper

P/B 4.13× · 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 Silver stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
First Majestic Silver Corp AG $20.32 $22.35 +10%
Discovery Silver Corp DSV C$13.02 C$3.72 −71%
Aya Gold & Silver Inc AYA $30.38 $5.38 −82%
Silvercorp Metals Inc SVM $12.34 $7.70 −38%
Andean Precious Metals Corp APM C$6.70 C$12.58 +88%
Guanajuato Silver Company GSVR C$0.4450 C$0.0700 −84%
Sotkamo Silver AB SOSI1 €0.4385 €0.1600 −64%
Minaurum Silver Inc MGG C$0.3200 C$0.0400 −88%
Argenta Silver Corp AGAG C$0.4900 C$0.0600 −88%
Linde plc LIN $469.72 $441.28 −6%

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Excellon Resources Inc. · Fair Value
C$0.0595 −547%Fair Value
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Cite: Fair Value Calculator (2026). "Excellon Resources Inc. Fair Value". https://www.fairvalue-calculator.com/stock/EXN

Frequently asked questions

Is Excellon Resources Inc. (EXN) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$0.0595 versus a price of C$0.3850, about −85% upside (overvalued).
What is the fair value of EXN?
Our model-based fair value for Excellon Resources Inc. is C$0.0595 (as of Sep 23, 2026), built from audited fundamentals. The current price: C$0.3850.
What is the quality score of EXN?
Excellon Resources Inc. has a Quality Score of 21/100. 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 Excellon Resources Inc. (EXN)?
Our model-based price target is the fair value of C$0.0595 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario C$0.0425, optimistic scenario C$0.0850. It is a calculation from audited fundamentals, not an analyst target.
What is the Excellon Resources Inc. stock forecast for 2026?
Our models put fair value at C$0.0595, about −85% upside versus a price of C$0.3850 (overvalued). Cautious scenario C$0.0425, optimistic scenario C$0.0850. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Excellon Resources Inc. (EXN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Excellon Resources Inc. it is C$0.0595 per share (as of Sep 23, 2026), against a price of C$0.3850. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Excellon Resources Inc. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, EXN trades above its calculated fair value: price C$0.3850, fair value C$0.0595, a gap of about −85% (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 EXN?
No. The price is what the market pays today (C$0.3850); the fair value is what the company's own numbers justify (C$0.0595). For Excellon Resources Inc. the two are C$0.3255 per share apart. That gap is exactly why we show both numbers side by side.
How much is Excellon Resources Inc. worth?
The market values Excellon Resources Inc. at about C$156M (market capitalisation, as of Sep 23, 2026). Per share that is C$0.3850; our models calculate a fair value of C$0.0595 per share.
What do the bullish and bearish scenarios say about EXN?
Our models span a range for Excellon Resources Inc.: cautious scenario C$0.0425, base C$0.0595, optimistic C$0.0850 per share (as of Sep 23, 2026, price C$0.3850). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Excellon Resources Inc. (EXN)?
Balance-sheet figures for Excellon Resources Inc. (as of Sep 23, 2026): return on equity −21.5%. They feed the Quality Score of 21/100, which measures business quality independently of the share price.
How far is EXN from its 52-week high?
Excellon Resources Inc. trades at C$0.3850, about 43% below its 52-week high of C$0.6800 and 60% above the low of C$0.2400 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.0595 is for.
Which stocks are comparable to Excellon Resources Inc.?
From the same area (Basic Materials) we also value First Majestic Silver Corp, Discovery Silver Corp, Aya Gold & Silver Inc, Silvercorp Metals Inc, 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 Excellon Resources Inc. stock attractive at the current price?
The data as of Sep 23, 2026: price C$0.3850, calculated fair value C$0.0595 (−85%), Quality Score 21/100, 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 EXN calculated?
We run Excellon Resources 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$0.0595, 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 13.0 % above its aggregate fair value. Excellon Resources 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 is it worth investing now.
What is the share price of Excellon Resources Inc. (EXN)?
The closing price on Sep 23, 2026 was C$0.3850. Our model-based fair value is C$0.0595, about −85% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Excellon Resources Inc. right now?
The price sits above even our optimistic bull case (C$0.0850). The favourable scenario is already priced in. Weak quality (21/100) 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 (C$0.0425 to C$0.0850) leaves room in how you read the outcome.

Key figures of Excellon Resources Inc.

How large is the market capitalisation of Excellon Resources Inc. (EXN)?
The market capitalisation of Excellon Resources Inc. is C$156M (≈ $110M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Excellon Resources Inc. (EXN)?
Earnings per share at Excellon Resources Inc. are C$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Excellon Resources Inc. (EXN)?
The return on equity (ROE) of Excellon Resources Inc. is −21.5% (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 Excellon Resources Inc. (EXN)?
On an EBIT basis the return on assets of Excellon Resources Inc. is −25.6% (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.
How much free cash flow does Excellon Resources Inc. (EXN) generate?
The free cash flow of Excellon Resources Inc. is −C$7.2M (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 Excellon Resources Inc. (EXN) carry?
The net debt of Excellon Resources Inc. is C$3.1M (fiscal year 2024). 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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