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Future Metals NL (FME) Fair Value & Analysis

Basic Materials · AU · Market cap A$16.3M

FM Future Metals NL FME · AU
PriceA$0.0165
Fair ValueA$0.0187
Upside+13.5%
Quality92/100
Evidence: Low Range A$0.0171 – A$0.0187

Fair value as of: Jun 26, 2026

From 6 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$0.0300 to A$0.0187 (−37.6%) since Jun 25, 2026. Share price −11.8% over the past month.

Price vs Fair Value (12 months)

A$0.0429 A$0.0165 Fair Value A$0.0187 Jun 2025 Jun 2026

12‑month range A$0.0165 – A$0.0429 · fair‑value band A$0.0171 – A$0.0187 · the A$0.0165 price screens below the A$0.0187 fair value. As of Jun 26, 2026.

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Analysis

Future Metals NL (FME) currently trades at A$0.0165, while our model-based Fair Value estimate is A$0.0187 — implying the stock looks roughly 13.5% undervalued today. We read business quality at 92/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low) — always confirm before acting.

Trailing-twelve-month revenue stands at A$265K. Revenue grew 211.2% year over year. The balance sheet holds a net cash position of A$3.9M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$265K
Revenue growth (YoY) +211%
Return on equity -967%
Free cash flow A$2.0M FY2024
Operating margin -1,980%
Net cash A$3.9M FY2024

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Future Metals NL engages in the exploration and development of mineral properties in Western Australia. The company explores for nickel, chromium, copper, platinum, palladium, and gold deposits. Its 100% owned Panton platinum group metals project consists of three granted mining leases covering a total area of approximately 23 square kilometers located in the East Kimberley Region of Western Australia. The company is based in West Perth, Australia.

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Future Metals NL reported revenue of A$232K in FY2024 versus A$820 in FY2020, a compound +310.0%/yr. Reported net income was −A$2.4M in FY2024.

Revenue +310.0%/yr
FY20 A$820
FY21 A$7.4K
FY22 A$293K
FY23 A$78.4K
FY24 A$232K
Net income
FY20 −A$6.3M
FY21 −A$4.3M
FY22 −A$7.3M
FY23 −A$3.9M
FY24 −A$2.4M

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Similar stocks

6 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Fresnillo plc FRES 750.00 MXN 941.58 MXN +26%
Valterra Platinum Limited ANGPY $11.98 $8.80 -27%
Hecla Mining Company HCL €12.25 €9.99 -18%
Impala Platinum Holdings IMPUF $11.55 $2.79 -76%
Northam Platinum Holdings NPTLF $24.00 $3.59 -85%
Compañía de Minas Buenaventura S.A. BVN $32.58 $29.96 -8%

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Frequently asked questions

Is Future Metals NL (FME) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0187 versus a price of A$0.0165 — about +14% (undervalued). Model-based estimate, not financial advice.
What is the fair value of FME?
Our 21-model fair value for Future Metals NL is A$0.0187 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0165.
What is the quality score of FME?
Future Metals NL has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Future Metals NL (FME)?
Future Metals NL reported trailing-twelve-month revenue of about A$265K (latest available figure, as of Jun 26, 2026).
What is the net profit margin of FME?
The net profit margin of Future Metals NL 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.