Focus Minerals Limited (FML) Fair Value & Analysis
Basic Materials · AU · Market cap A$464M
Fair value as of: Aug 13, 2026
From 24 valuation models · updated yesterday
Share price +17.3% over the past month.
A solid business, screening 153% undervalued on our models.
What matters now
- The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict.
- The price is below even our cautious bear case (A$3.72). The market is more pessimistic than our downside scenario.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range A$0.1150 – A$4.43 · fair‑value band A$3.72 – A$5.90 · the A$1.90 price screens below the A$4.81 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Focus Minerals Limited (FML) currently trades at A$1.90, while our model-based Fair Value estimate is A$4.81, implying the stock looks roughly 153.2% undervalued today. The Quality Score stands at 73/100 (solid 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: high), always confirm before acting.
Over the trailing twelve months, Focus Minerals Limited generated revenue of A$301M at a net margin of 90.4%. Revenue grew 202.4% year over year. It earns a return on equity of 29.7%. The balance sheet holds a net cash position of A$125M. Fundamentals as of Aug 13, 2026
Our scenario range runs from A$3.72 (bear case) to A$5.90 (bull case); at A$1.90, the current price sits below 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 57% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 1% fair-value upside, at 153%, FML 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.
All 24 models by family
Widest divergence: Growth Earnings (A$40.94) versus Asset-Based (A$0.8600). Highest evidence: Growth DCF (80).
Notify me when FML reaches fair value
Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 72 · Market factors (momentum, volatility) 39
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
Focus Minerals Limited engages in the exploration and development of gold properties in Western Australia. The company owns 100% interest in the Coolgardie Gold Project located in the East of Perth, Western Australia. It also operates Three Mile Hill Processing plant; and open pit and underground deposits.
Full company description
Focus Minerals Limited engages in the exploration and development of gold properties in Western Australia. The company owns 100% interest in the Coolgardie Gold Project located in the East of Perth, Western Australia. It also operates Three Mile Hill Processing plant; and open pit and underground deposits. The company was incorporated in 1978 and is headquartered in East Perth, Australia. Focus Minerals Limited operates as a subsidiary of Shandong Gold International Mining Corporation Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Focus Minerals Limited reported revenue of A$301M in FY2025 versus A$97.0K in FY2021, a compound +646.5%/yr. Reported net income was A$272M in FY2025.
Watch FML: get an alert when its fair value changes →
Peer Group
Gold · 248 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.
Valuation Multiples vs Gold median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Newmont Corporation NEMCL | $112.00 | $112.82 | +1% |
| Zijin Mining Group 601899 | ¥32.21 | ¥39.42 | +22% |
| Agnico Eagle Mines Limited AEM | C$257.82 | C$154.33 | -40% |
| Barrick Mining Corporation B | $41.23 | $50.66 | +23% |
| Wheaton Precious Metals Corp WPM | C$187.84 | C$52.47 | -72% |
| Franco-Nevada Corporation FNV | C$334.84 | C$97.76 | -71% |
| AngloGold Ashanti plc AU | $97.92 | $88.63 | -9% |
| Gold Fields Limited GFI | $40.73 | $59.06 | +45% |
| Zijin Gold International Company 2259 | HK$135.60 | HK$96.81 | -29% |
| Kinross Gold Corporation KGC | $27.48 | $34.62 | +26% |
Compare Focus Minerals Limited with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Frequently asked questions
Is Focus Minerals Limited (FML) overvalued or undervalued?
What is the fair value of FML?
What is the quality score of FML?
What is the revenue of Focus Minerals Limited (FML)?
What is the net profit margin of FML?
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.
Track Focus Minerals Limited and try Pro for 14 days
One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.
Zero risk: nothing is ever charged. After 14 days you decide whether to stay.