Fitzroy River Corporation Ltd (FZR) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Fitzroy River Corporation Ltd A$0.07, price A$0.31, upside -77.1%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range A$0.0958 – A$0.4000 · fair‑value band A$0.0500 – A$0.1200 · the A$0.3050 price screens above the A$0.0700 fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Fitzroy River Corporation Limited, together with its subsidiaries, manages royalties and equity investments for oil and gas, and mineral assets in Australia, New Zealand, and the Gulf of Mexico. Its royalty portfolio includes oil and gas, gold, silver, lead, zinc, and copper properties.
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Fitzroy River Corporation Limited, together with its subsidiaries, manages royalties and equity investments for oil and gas, and mineral assets in Australia, New Zealand, and the Gulf of Mexico. Its royalty portfolio includes oil and gas, gold, silver, lead, zinc, and copper properties. The company was formerly known as European Gas Limited and changed its name to Fitzroy River Corporation Limited in December 2012. Fitzroy River Corporation Limited was incorporated in 1996 and is based in Gwelup, Australia.
Stock analysis
Fitzroy River Corporation Ltd (FZR) currently trades at A$0.3050, while our model-based Fair Value estimate is A$0.0700, implying the stock looks roughly 335.7% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of A$0.0700 per share, and 0 of the 13 models we run sit above the A$0.3050 price.
Bear case: the Earnings-Based group reads lowest at A$0.0200, and 13 of the 13 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.0500 (bear) to A$0.1200 (bull), the price of A$0.3050 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 62/100 (solid quality), in the Energy sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Fitzroy River Corporation Ltd reported revenue of A$608K in FY2025 versus A$691K in FY2021, a compound −3.2%/yr. Reported net income was −A$272K in FY2025.
Key figures
Market cap A$32.9M (≈ $23.1M) · P/S ratio 42.6 · Net margin −44.8% · Return on equity −4.9% · Return on assets (EBIT) −5.1% · Operating margin −51.1% · Revenue (TTM) A$558K · Revenue growth (YoY) −15.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 118% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Energy peers we cover trades at 10% fair-value upside, at −77%, FZR screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (A$0.0100 to A$0.1300). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear A$0.0500Fair Value A$0.0700Bull A$0.1200
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.
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.31/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−16.3%
Revenue growth 3 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.
−22.2%
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.
+4.7%
Start year 2020 (pandemic). Over 10 years: +12.9% 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.
−3.0%
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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.
−127.7% (2020) → 37.2% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +28.5% a year for the price.
Compare Fitzroy River Corporation Ltd with another stock
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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.Oil & Gas E&P · 306 stocks
Beats the industry median on 1/9 measures
Overall it trails its industry peers.
Valuation
Quality Score62 · Top 25%
Fair Value upside−77% · Bottom 25%
Profitability
Return on assets−4% · Below median
Net margin (TTM)−34% · Bottom 25%
Operating margin (TTM)−51% · Bottom 25%
Growth and dividend
Revenue growth−15% · Below median
Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper
P/B8.15× · Priciest 25%
P/S (TTM)41.56× · Priciest 25%
P/FCF60.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)0· sector 12
PAST (return on equity)0· sector 10
HEALTH (low debt)100· sector 85
DIVIDEND (yield)0· sector 74
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.
Cite: Fair Value Calculator (2026). "Fitzroy River Corporation Ltd Fair Value". https://www.fairvalue-calculator.com/stock/FZR
Frequently asked questions
Is Fitzroy River Corporation Ltd (FZR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$0.0700 versus a price of A$0.3050, about −77% upside (overvalued).
What is the fair value of FZR?
Our model-based fair value for Fitzroy River Corporation Ltd is A$0.0700 (as of Sep 24, 2026), built from audited fundamentals. The current price: A$0.3050.
What is the quality score of FZR?
Fitzroy River Corporation Ltd has a Quality Score of 62/100. 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 Fitzroy River Corporation Ltd (FZR)?
Our model-based price target is the fair value of A$0.0700 (as of Sep 24, 2026) from 13 valuation models. Cautious scenario A$0.0500, optimistic scenario A$0.1200. It is a calculation from audited fundamentals, not an analyst target.
What is the Fitzroy River Corporation Ltd stock forecast for 2026?
Our models put fair value at A$0.0700, about −77% upside versus a price of A$0.3050 (overvalued). Cautious scenario A$0.0500, optimistic scenario A$0.1200. The calculation is refreshed regularly with new filings.
What is the revenue of Fitzroy River Corporation Ltd (FZR)?
Fitzroy River Corporation Ltd reported trailing-twelve-month revenue of about A$558K (latest available figure, as of Sep 24, 2026).
What growth is priced into Fitzroy River Corporation Ltd (FZR)?
For today's price to be fair in a discounted-cash-flow model, Fitzroy River Corporation Ltd would have to grow free cash flow by +32.3 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of FZR use?
Our models discount Fitzroy River Corporation Ltd at 8.3 %: a base by market capitalisation (nano), damped by beta 0.22, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Fitzroy River Corporation Ltd that is +32.3 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Fitzroy River Corporation Ltd (FZR) delivered so far?
Over the past 5 years revenue at Fitzroy River Corporation Ltd grew +4.7 % a year. The price currently implies +32.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Fitzroy River Corporation Ltd (FZR) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Fitzroy River Corporation Ltd (+32.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Fitzroy River Corporation Ltd (FZR)?
The free-cash-flow yield on the price is 1.17 %: that much free cash flow Fitzroy River Corporation Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Fitzroy River Corporation Ltd (FZR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Fitzroy River Corporation Ltd it is A$0.0700 per share (as of Sep 24, 2026), against a price of A$0.3050. It is the blended result of 13 valuation models (cash flow, earnings, asset, dividend).
Is Fitzroy River Corporation Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, FZR trades above its calculated fair value: price A$0.3050, fair value A$0.0700, a gap of about −77% (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 FZR?
No. The price is what the market pays today (A$0.3050); the fair value is what the company's own numbers justify (A$0.0700). For Fitzroy River Corporation Ltd the two are A$0.2350 per share apart. That gap is exactly why we show both numbers side by side.
How much is Fitzroy River Corporation Ltd worth?
The market values Fitzroy River Corporation Ltd at about A$32.9M (market capitalisation, as of Sep 24, 2026). Per share that is A$0.3050; our models calculate a fair value of A$0.0700 per share.
What do the bullish and bearish scenarios say about FZR?
Our models span a range for Fitzroy River Corporation Ltd: cautious scenario A$0.0500, base A$0.0700, optimistic A$0.1200 per share (as of Sep 24, 2026, price A$0.3050). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Fitzroy River Corporation Ltd (FZR)?
Balance-sheet figures for Fitzroy River Corporation Ltd (as of Sep 24, 2026): return on equity −4.9%. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is FZR from its 52-week high?
Fitzroy River Corporation Ltd trades at A$0.3050, about 24% below its 52-week high of A$0.4000 and 118% above the low of A$0.1400 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0700 is for.
Which stocks are comparable to Fitzroy River Corporation Ltd?
From the same area (Energy) we also value CNOOC Limited, ConocoPhillips explores for,, Canadian Natural Resources Limited, EOG Resources, 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 Fitzroy River Corporation Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$0.3050, calculated fair value A$0.0700 (−77%), Quality Score 62/100, from 13 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 FZR calculated?
We run Fitzroy River Corporation Ltd through 13 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$0.0700, 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. Fitzroy River Corporation 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 Fitzroy River Corporation Ltd (FZR)?
The closing price on Sep 24, 2026 was A$0.3050. Our model-based fair value is A$0.0700, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Fitzroy River Corporation Ltd right now?
The price sits above even our optimistic bull case (A$0.1200). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (A$0.0500 to A$0.1200) leaves room in how you read the outcome.
Key figures of Fitzroy River Corporation Ltd
How large is the market capitalisation of Fitzroy River Corporation Ltd (FZR)?
The market capitalisation of Fitzroy River Corporation Ltd is A$32.9M (≈ $23.1M). 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 is the P/S ratio of Fitzroy River Corporation Ltd (FZR)?
The price-to-sales ratio of Fitzroy River Corporation Ltd is 42.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Fitzroy River Corporation Ltd (FZR)?
The net margin of Fitzroy River Corporation Ltd is −44.8% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Fitzroy River Corporation Ltd (FZR)?
The return on equity (ROE) of Fitzroy River Corporation Ltd is −4.9% (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 Fitzroy River Corporation Ltd (FZR)?
On an EBIT basis the return on assets of Fitzroy River Corporation Ltd is −5.1% (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 Fitzroy River Corporation Ltd (FZR)?
The operating margin of Fitzroy River Corporation Ltd is −51.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Fitzroy River Corporation Ltd (FZR)?
Revenue at Fitzroy River Corporation Ltd is growing −15.3% versus a year earlier (3y avg −22.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Fitzroy River Corporation Ltd (FZR)?
Earnings per share at Fitzroy River Corporation Ltd are growing +100% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Fitzroy River Corporation Ltd (FZR) hold?
Fitzroy River Corporation Ltd holds more cash than debt, A$750K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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