Fortuna Metals Limited (FUN) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Fortuna Metals Limited A$0.02, price A$0.08, upside -71.7%, quality 30 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range A$0.0300 – A$1.80 · the A$0.0790 price screens above the A$0.0224 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
Follow Fortuna Metals in your weekly email
Every Wednesday you see whether Fortuna Metals is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Fortuna Metals Limited explores and evaluates mineral projects in Malawi and Australia. It explores for neodymium, praseodymium, rutile, graphite, gold, rare earth elements (REE), and other base metals deposits. The company was formerly known as Lanthanein Resources Limited and changed its name Fortuna Metals Limited in August 2025.
Show more
Fortuna Metals Limited explores and evaluates mineral projects in Malawi and Australia. It explores for neodymium, praseodymium, rutile, graphite, gold, rare earth elements (REE), and other base metals deposits. The company was formerly known as Lanthanein Resources Limited and changed its name Fortuna Metals Limited in August 2025. Fortuna Metals Limited was incorporated in 2001 and is based in Perth, Australia.
Stock analysis
Fortuna Metals Limited (FUN) currently trades at A$0.0790, while our model-based Fair Value estimate is A$0.0224, 71.7% below the price, so the stock looks overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 30/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Fortuna Metals Limited reported revenue of A$37.7K in FY2025 versus A$29.9M in FY2019, a compound −67.1%/yr. Reported net income was −A$7.1M in FY2025.
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 59% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −72%, FUN screens richer than that median.
Fair Value models
Bear A$0.0224Fair Value A$0.0224Bull A$0.0224
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.
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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+20.9%
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.
−72.6%
Start year 2020 (pandemic). Over 10 years: −54.8% a year
Revenue growth 25 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.
−24.0%
’12
’13
’14
’15
’16
’17
’18
’19
’20
’23
’24
’25
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.
−33.4% (2020) → −20,875.7% (2025)
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
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 354 stocks
Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score35 · Below median
Fair Value upside−71.6% · Bottom 25%
Profitability
Return on assets−24.5% · Bottom 25%
Growth and dividend
Revenue growth168.3% · Top 25%
Balance sheet
Debt / equity0.88× · Highest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 66
PAST (return on equity)0· sector 0
HEALTH (low debt)56· sector 95
DIVIDEND (yield)0· sector 32
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Fortuna Metals Limited (FUN) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of A$0.0224 versus a price of A$0.0790, about −72% upside (overvalued).
What is the fair value of FUN?
Our model-based fair value for Fortuna Metals Limited is A$0.0224 (as of Sep 27, 2026), built from audited fundamentals. The current price: A$0.0790.
What is the quality score of FUN?
Fortuna Metals Limited has a Quality Score of 30/100. 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 Fortuna Metals Limited (FUN)?
Our model-based price target is the fair value of A$0.0224 (as of Sep 27, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Fortuna Metals Limited stock forecast for 2026?
Our models put fair value at A$0.0224, about −72% upside versus a price of A$0.0790 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Fortuna Metals Limited (FUN)?
Fortuna Metals Limited reported trailing-twelve-month revenue of about A$71.2K (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Fortuna Metals Limited (FUN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fortuna Metals Limited it is A$0.0224 per share (as of Sep 27, 2026), against a price of A$0.0790. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Fortuna Metals Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, FUN trades above its calculated fair value: price A$0.0790, fair value A$0.0224, a gap of about −72% (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 FUN?
No. The price is what the market pays today (A$0.0790); the fair value is what the company's own numbers justify (A$0.0224). For Fortuna Metals Limited the two are A$0.0566 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fortuna Metals Limited worth?
The market values Fortuna Metals Limited at about A$32.9M (market capitalisation, as of Sep 27, 2026). Per share that is A$0.0790; our models calculate a fair value of A$0.0224 per share.
How solid is the balance sheet of Fortuna Metals Limited (FUN)?
Balance-sheet figures for Fortuna Metals Limited (as of Sep 27, 2026): return on equity −40.2%, debt of 0.88 per unit of equity. They feed the Quality Score of 30/100, which measures business quality independently of the share price.
How far is FUN from its 52-week high?
Fortuna Metals Limited trades at A$0.0790, about 59% below its 52-week high of A$0.1950 and 13% above the low of A$0.0700 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0224 is for.
Which stocks are comparable to Fortuna Metals Limited?
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 Fortuna Metals Limited stock attractive at the current price?
The data as of Sep 27, 2026: price A$0.0790, calculated fair value A$0.0224 (−72%), Quality Score 30/100, 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 FUN calculated?
We run Fortuna Metals Limited 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 A$0.0224, 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. Fortuna Metals Limited 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 Fortuna Metals Limited (FUN)?
The closing price on Oct 2, 2026 was A$0.0790. Our model-based fair value is A$0.0224, about −72% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fortuna Metals Limited right now?
The price sits above even our optimistic bull case (A$0.0224). The favourable scenario is already priced in. Weak quality (30/100) 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 Fortuna Metals Limited
How large is the market capitalisation of Fortuna Metals Limited (FUN)?
The market capitalisation of Fortuna Metals Limited is A$32.9M (≈ $22.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Fortuna Metals Limited (FUN)?
Earnings per share at Fortuna Metals Limited are A$−0.1000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Fortuna Metals Limited (FUN)?
The return on equity (ROE) of Fortuna Metals Limited is −40.2% (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 Fortuna Metals Limited (FUN)?
On an EBIT basis the return on assets of Fortuna Metals Limited is −27.6% (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.
What is the operating margin of Fortuna Metals Limited (FUN)?
The operating margin of Fortuna Metals Limited is −3,886% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fortuna Metals Limited (FUN)?
Revenue at Fortuna Metals Limited is growing +168% versus a year earlier (3y avg −88.4%). 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 Fortuna Metals Limited (FUN) generate?
The free cash flow of Fortuna Metals Limited is −A$4.3M (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Fortuna Metals Limited (FUN) carry?
The net debt of Fortuna Metals Limited is A$8.8M (fiscal year 2020). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Continue in the live analysis
Fair value and trend for 35,000+ stocks, watchlist, comparison and the diversification check. You can also try 14 days of Pro there, no card.
