Gullewa Ltd (GUL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Gullewa Ltd A$0.16, price A$0.07, upside +130.6%, quality 61 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 23, 2026.
How to read this chart
60‑month range A$0.0346 – A$0.1120 · fair‑value band A$0.0925 – A$0.2896 · the A$0.0710 price screens below the A$0.1637 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Gullewa Limited engages in the exploration, evaluation, and mining of mineral properties in Australia. The company operates in three segments: Exploration and Evaluation; Property Holding; and Investments. It explores for gold and base metal deposits.
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Gullewa Limited engages in the exploration, evaluation, and mining of mineral properties in Australia. The company operates in three segments: Exploration and Evaluation; Property Holding; and Investments. It explores for gold and base metal deposits. The company is also involved in land subdivision activity; acquires investment properties for development; and invests in shares of listed and unlisted entities, as well as involves in mineral royalties. Gullewa Limited was incorporated in 1953 and is based in Sydney, Australia.
Stock analysis
Gullewa Ltd (GUL) currently trades at A$0.0710, while our model-based Fair Value estimate is A$0.1637, implying the stock looks roughly 56.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of A$0.3800 per share, and 17 of the 20 models we run sit above the A$0.0710 price.
Bear case: the Multiples group reads lowest at A$0.0500, and 3 of the 20 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.0925 (bear) to A$0.2896 (bull), the price of A$0.0710 sits below 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 61/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Gullewa Ltd reported revenue of A$4.8M in FY2025 versus A$3.2M in FY2021, a compound +11.0%/yr. Reported net income was A$1.9M in FY2025, compounding +7.8%/yr from FY2021.
Key figures
Market cap A$18.4M (≈ $12.9M) · P/E ratio 7.1 · P/S ratio 2.86 · EPS (TTM) A$0.0100 · Dividend yield 10.9% · Net margin 40.2% · Return on equity 7.2% · Return on assets (EBIT) −4.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 11% 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 131%, GUL screens cheaper than that median.
Fair Value models
Bear A$0.0925Fair Value A$0.1637Bull A$0.2896
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0100 per share) are deliberately not added.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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−2.2%
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.
+6.3%
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.
+13.8%
Start year 2020 (pandemic). Over 10 years: +34.6% a year
Revenue growth 24 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.
+5.9%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.0%
Dividend (yield on the price)10.9%
Profit margin 2020 to 2025 ⓘ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.68% → −45%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−18.2%
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 −20.5% a year for the price.
Price, fair value, quality and upside side by side.
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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 · 238 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+131% · Top 25%
Profitability
Return on equity (TTM)7% · Above median
Return on assets7% · Above median
Net margin (TTM)36% · Top 25%
Operating margin (TTM)63% · Top 25%
Growth and dividend
Revenue growth−26% · Bottom 25%
Dividend yield (TTM)10.9% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Gold median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Gullewa Ltd Fair Value". https://www.fairvalue-calculator.com/stock/GUL
Frequently asked questions
Is Gullewa Ltd (GUL) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.1637 versus a price of A$0.0710, about +131% upside (undervalued).
What is the fair value of GUL?
Our model-based fair value for Gullewa Ltd is A$0.1637 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0710.
What is the quality score of GUL?
Gullewa Ltd has a Quality Score of 61/100. 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 Gullewa Ltd (GUL)?
Our model-based price target is the fair value of A$0.1637 (as of Sep 23, 2026) from 20 valuation models. Cautious scenario A$0.0925, optimistic scenario A$0.2896. It is a calculation from audited fundamentals, not an analyst target.
What is the Gullewa Ltd stock forecast for 2026?
Our models put fair value at A$0.1637, about +131% upside versus a price of A$0.0710 (undervalued). Cautious scenario A$0.0925, optimistic scenario A$0.2896. The calculation is refreshed regularly with new filings.
What is the revenue of Gullewa Ltd (GUL)?
Gullewa Ltd reported trailing-twelve-month revenue of about A$4.5M (latest available figure, as of Sep 23, 2026).
Does Gullewa Ltd pay a dividend?
Gullewa Ltd currently shows a dividend yield of about 10.94% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Gullewa Ltd (GUL)?
For today's price to be fair in a discounted-cash-flow model, Gullewa Ltd would have to grow free cash flow by -18.2 % per year for five years (discount rate 8.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.8 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of GUL use?
Our models discount Gullewa Ltd at 8.4 %: a base by market capitalisation (nano), damped by beta 0.52, 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 Gullewa Ltd that is -18.2 % per year a year over ten years, using the same discount rate (8.4 %) and the same formula as our fair value.
How much growth has Gullewa Ltd (GUL) delivered so far?
Over the past 5 years revenue at Gullewa Ltd grew +13.8 % a year. The price currently implies -18.2 % 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 Gullewa Ltd (GUL) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Gullewa Ltd (-18.2 % 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 Gullewa Ltd (GUL)?
The free-cash-flow yield on the price is 9.41 %: that much free cash flow Gullewa Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Gullewa Ltd (GUL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Gullewa Ltd it is A$0.1637 per share (as of Sep 23, 2026), against a price of A$0.0710. It is the blended result of 20 valuation models (cash flow, earnings, asset, dividend).
Is Gullewa Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, GUL trades below its calculated fair value: price A$0.0710, fair value A$0.1637, a gap of about +131% (undervalued). 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 GUL?
No. The price is what the market pays today (A$0.0710); the fair value is what the company's own numbers justify (A$0.1637). For Gullewa Ltd the two are A$0.0927 per share apart. That gap is exactly why we show both numbers side by side.
How much is Gullewa Ltd worth?
The market values Gullewa Ltd at about A$18.4M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0710; our models calculate a fair value of A$0.1637 per share.
What do the bullish and bearish scenarios say about GUL?
Our models span a range for Gullewa Ltd: cautious scenario A$0.0925, base A$0.1637, optimistic A$0.2896 per share (as of Sep 23, 2026, price A$0.0710). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of GUL?
Gullewa Ltd trades at a price-to-earnings ratio of 7.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.1637 is built from several models across several years. Other multiples: P/B 0.6, P/S 2.9, EV/EBITDA 3.8.
How solid is the balance sheet of Gullewa Ltd (GUL)?
Balance-sheet figures for Gullewa Ltd (as of Sep 23, 2026): return on equity 7.2%, debt of 0.00 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is GUL from its 52-week high?
Gullewa Ltd trades at A$0.0710, about 37% below its 52-week high of A$0.1120 and 11% above the low of A$0.0640 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1637 is for.
Which stocks are comparable to Gullewa Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Barrick Mining Corporation, 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 Gullewa Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0710, calculated fair value A$0.1637 (+131%), Quality Score 61/100, from 20 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 GUL calculated?
We run Gullewa Ltd through 20 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$0.1637, 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 14.0 % above its aggregate fair value. Gullewa Ltd currently trades 131 % below its own fair value, and the market average says nothing about that. 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 Gullewa Ltd (GUL)?
The closing price on Sep 24, 2026 was A$0.0710. Our model-based fair value is A$0.1637, about +131% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Gullewa Ltd right now?
The price is below even our cautious bear case (A$0.0925). The market is more pessimistic than our downside scenario. The model range is unusually wide (A$0.0925 to A$0.2896). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 quality (61/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Gullewa Ltd
How large is the market capitalisation of Gullewa Ltd (GUL)?
The market capitalisation of Gullewa Ltd is A$18.4M (≈ $12.9M). 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 is the P/S ratio of Gullewa Ltd (GUL)?
The price-to-sales ratio of Gullewa Ltd is 2.86 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Gullewa Ltd (GUL)?
Earnings per share at Gullewa Ltd are A$0.0100 (price ÷ EPS = P/E 7.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Gullewa Ltd (GUL)?
The dividend yield of Gullewa Ltd is 10.9% (payout 77.7%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Gullewa Ltd (GUL)?
The net margin of Gullewa Ltd is 40.2% (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 Gullewa Ltd (GUL)?
The return on equity (ROE) of Gullewa Ltd is 7.2% (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 Gullewa Ltd (GUL)?
On an EBIT basis the return on assets of Gullewa Ltd is −4.7% (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 Gullewa Ltd (GUL)?
The operating margin of Gullewa Ltd is 63.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Gullewa Ltd (GUL)?
Revenue at Gullewa Ltd is growing −26.4% versus a year earlier (3y avg +6.3%). 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 Gullewa Ltd (GUL)?
Earnings per share at Gullewa Ltd are growing +0.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Gullewa Ltd (GUL) hold?
Gullewa Ltd holds more cash than debt, A$3.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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