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Far Northern Resources Ltd (FNR) fair value: what the stock is really worth

As of Nov 10, 2026: fair value (intrinsic value) of Far Northern Resources Ltd stock A$0.11, price A$0.19, that is 41.3% below the price, quality 35 out of 100. Rating: strongly overvalued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU

FN Far Northern Resources Ltd logo Thin data Nov 10, 2026

Far Northern Resources Ltd

FNR · AU
Very expensive, weak quality

Our calculation puts a fair price 41% below what the stock costs today.

Low debt
Fair value A$0.1086 · Strongly overvalued
Quality 35/100
Weak Growth
Negative free cash flow
Trails peers (2/7)
Narrow moat 10/100 · thin data
Thin data
⟳ CyclicalEstimate⚠ Thinly traded⚠ Small free float
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What runs behind every stock

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

Price vs Fair Value

A$0.2050 A$0.0990 Fair Value A$0.1086 Apr 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

31‑month range A$0.0990 – A$0.2050 · fair‑value band A$0.0815 – A$0.1358 · the A$0.1850 price screens above the A$0.1086 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Far Northern Resources Limited engages in the exploration of gold, copper, and base metal properties in Australia. It holds 100% interest in Bridge Creek project located in Northern Territory; the Empire project located in North Queensland; and Rocks Reef Project located in North Queensland.

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The company was incorporated in 2017 and is based in Fortitude Valley, Australia.

Stock analysis

Far Northern Resources Ltd (FNR) currently trades at A$0.1850, while our estimate is A$0.1086, 41% below the price, so the stock looks overvalued today.

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0815 (bear) to A$0.1358 (bull), the price of A$0.1850 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 35/100 (below-average quality), in the Basic Materials sector.

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

Far Northern Resources Ltd reported revenue of A$95.8K in FY2025 versus A$27.0K in FY2023, a compound +88.3%/yr. Reported net income was −A$688K in FY2026.

Key figures

Market cap A$13.2M (≈ $9.2M) Micro · EPS (TTM) A$−0.0100 · Return on equity −8.2% · Return on assets (EBIT) −10.2% (5-year average) · Operating margin −13,097% · Free cash flow −A$841K · Net cash A$1.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).

What moves the price

The share trades at its 52-week high and 87% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −41%, FNR screens richer than that median.

Fair Value

Bear A$0.0815 Fair Value A$0.1086 Bull A$0.1358
Price A$0.1850 · Downside -41.3%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 35/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 76
Are margins and returns getting better?
Cashflow 6
Do the profits arrive as real cash?
Financial strength 91
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 23
How calm the share price moves, does not count
Price momentum 51
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 85
Distance to the 52-week high, does not count
New shares 37
Buys back shares or issues new ones?

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. 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 2026 is a loss year, no rate is defined from a loss
not computed

FNR screens overvalued: fair value 41% below the price. Compare with Newmont Corporation →

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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.Gold · 289 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 35 · Below median
Fair Value upside −41.3% · Bottom 25%
Profitability
Return on assets −8.5% · Below median
Growth and dividend
Revenue growth (quarter YoY) 0.0% · Below median
Balance sheet
Debt / equity 0.00× · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 1.65× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 1
FUTURE (revenue growth)0 · sector 80
PAST (return on equity)0 · sector 0
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 24

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 Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $200.80 $220.07 +10% vs FNR
Newmont Corporation NEM $125.16 $133.00 +6% vs FNR
Royal Gold, Inc RGLD $282.66 $259.27 −8% vs FNR
AngloGold Ashanti plc AU $99.37 $88.58 −11% vs FNR
Shandong Gold Mining Co 600547 ¥26.72 ¥23.61 −12% vs FNR
Franco-Nevada Corporation FNV $263.46 $212.28 −19% vs FNR
Kinross Gold Corporation KGC $22.85 $18.00 −21% vs FNR
Northern Star Resources Limited NST A$26.62 A$16.87 −37% vs FNR
Wheaton Precious Metals Corp WPM $143.94 $87.64 −39% vs FNR
Zijin Mining Group 601899 ¥28.41 ¥15.62 −45% vs FNR

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Far Northern Resources Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Far Northern Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FNR

Frequently asked questions

Is Far Northern Resources Ltd (FNR) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.1086 versus a price of A$0.1850, about 41% lower (overvalued).
What is the fair value of FNR?
Our estimate for Far Northern Resources Ltd is A$0.1086 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.1850.
What is the quality score of FNR?
Far Northern Resources Ltd has a Quality Score of 35/100. 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 Far Northern Resources Ltd (FNR)?
Our calculated price target is the estimate of A$0.1086 (as of Nov 10, 2026). Cautious scenario A$0.0815, optimistic scenario A$0.1358. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Far Northern Resources Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.1086, about 41% lower versus a price of A$0.1850 (overvalued). Cautious scenario A$0.0815, optimistic scenario A$0.1358. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Far Northern Resources Ltd (FNR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Far Northern Resources Ltd it is A$0.1086 per share (as of Nov 10, 2026), against a price of A$0.1850.
Is Far Northern Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, FNR trades above its calculated fair value: price A$0.1850, fair value A$0.1086, a gap of about −41% (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 FNR?
No. The price is what the market pays today (A$0.1850); the fair value is what the company's own numbers justify (A$0.1086). For Far Northern Resources Ltd the two are A$0.0764 per share apart. That gap is exactly why we show both numbers side by side.
How much is Far Northern Resources Ltd worth?
The market values Far Northern Resources Ltd at about A$13.2M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.1850; our models calculate a fair value of A$0.1086 per share.
What do the bullish and bearish scenarios say about FNR?
Our models span a range for Far Northern Resources Ltd: cautious scenario A$0.0815, base A$0.1086, optimistic A$0.1358 per share (as of Nov 10, 2026, price A$0.1850). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Far Northern Resources Ltd (FNR)?
Balance-sheet figures for Far Northern Resources Ltd (as of Nov 10, 2026): return on equity −8.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is FNR from its 52-week high?
Far Northern Resources Ltd trades at A$0.1850, at its 52-week high of A$0.1850 and 87% above the low of A$0.0990 (as of Nov 10, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1086 is for.
Which stocks are comparable to Far Northern Resources Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 Far Northern Resources Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.1850, calculated fair value A$0.1086 (−41%), Quality Score 35/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 13.7% above its aggregate fair value. Far Northern 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 Far Northern Resources Ltd (FNR)?
The closing price on Nov 10, 2026 was A$0.1850. Our estimate is A$0.1086, about 41% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Far Northern Resources Ltd right now?
The price sits above even our optimistic bull case (A$0.1358). The favourable scenario is already priced in. Weak quality (35/100) 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.

Key figures of Far Northern Resources Ltd

How large is the market capitalisation of Far Northern Resources Ltd (FNR)?
The market capitalisation of Far Northern Resources Ltd is A$13.2M (≈ $9.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Far Northern Resources Ltd (FNR)?
Earnings per share at Far Northern Resources Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Far Northern Resources Ltd (FNR)?
The return on equity (ROE) of Far Northern Resources Ltd is −8.2% (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 Far Northern Resources Ltd (FNR)?
On an EBIT basis the return on assets of Far Northern Resources Ltd is −10.2% (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 Far Northern Resources Ltd (FNR)?
The operating margin of Far Northern Resources Ltd is −13,097% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Far Northern Resources Ltd (FNR) generate?
The free cash flow of Far Northern Resources Ltd is −A$841K (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Far Northern Resources Ltd (FNR) hold?
Far Northern Resources Ltd holds more cash than debt, A$1.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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