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Greenwing Resources Ltd (GW1) Fair Value & Analysis

Basic Materials · AU · Market cap A$40.7M

GR Greenwing Resources Ltd GW1 · AU
PriceA$0.0790
Fair ValueA$0.0510
Upside-35.4%
Quality31/100
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Weak Growth
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (5/10)
Narrow moat 43/100
Evidence: Medium Range A$0.0408 – A$0.0612 Share as image

Fair value as of: Jul 17, 2026

From 9 valuation models · updated 25 days ago

Share price +14.5% over the past month.

Below-average quality, and screening another 35% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0612). The favourable scenario is already priced in.
  • Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

A$0.6000 A$0.0240 Fair Value A$0.0510 Nov 2020 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$0.0240 – A$0.6000 · fair‑value band A$0.0408 – A$0.0612 · the A$0.0790 price screens above the A$0.0510 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Greenwing Resources Ltd (GW1) currently trades at A$0.0790, while our model-based Fair Value estimate is A$0.0510, implying the stock looks roughly 35.4% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

It earns a return on equity of 18.9%. The stock trades on a trailing P/E of 4.1. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$0.0408 (bear case) to A$0.0612 (bull case); at A$0.0790, the current price sits above 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 8% below its 52-week high and 243% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -35%, GW1 screens richer 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.

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
Highest evidence
Residual Income A$0.0300 A$0.0300 A$0.0300 76
Growth-Adj P/E A$0.0900 A$0.1400 A$0.1800 68
P/E Multiple A$0.0400 A$0.0500 A$0.0700 63
All 9 models by family
DCF Models
Owner Earnings A$0.0400 A$0.0800 A$0.1500 31
Earnings-Based
Graham-Dodd A$0.0200 A$0.1500 A$0.2100 54
Lynch FV A$0.0800 A$0.1100 A$0.1400 50
PEG = 1.0 A$0.0800 A$0.1100 A$0.1400 46
Multiples
P/E Multiple A$0.0400 A$0.0500 A$0.0700 63
P/B Multiple A$0.0400 A$0.0500 A$0.0700 55
Asset-Based
NCAV (Graham) A$0.0200 A$0.0300 A$0.0400 50
Economic Profit
Residual Income A$0.0300 A$0.0300 A$0.0300 76
Growth Earnings
Growth-Adj P/E A$0.0900 A$0.1400 A$0.1800 68

Widest divergence: Growth Earnings (A$0.1400) versus Asset-Based (A$0.0300). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue growth (YoY) -100%
Return on equity 18.9%
Free cash flow −A$1.3M FY2024
P/E ratio 4.1
EPS (TTM) A$0.0200
Net cash A$405K FY2024

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 31/100

Of which business quality 32 · Market factors (momentum, volatility) 78

Profitability 37
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 9
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 88
Price trend over the last 3–12 months (market factor)
52W Momentum 94
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

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

Greenwing Resources Ltd engages in the exploration, development, and maintenance of its graphite mines, polymetallic projects, and lithium assets in Madagascar, Australia, and Argentina. The company operates through the Graphite Mining and Exploration " Lithium segments. It primarily explores for lithium and graphite.

Full company description

Greenwing Resources Ltd engages in the exploration, development, and maintenance of its graphite mines, polymetallic projects, and lithium assets in Madagascar, Australia, and Argentina. The company operates through the Graphite Mining and Exploration " Lithium segments. It primarily explores for lithium and graphite. The company was formerly known as Bass Metals Limited and changed its name to Greenwing Resources Ltd in July 2021. Greenwing Resources Ltd was incorporated in 2004 and is based in Brisbane, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2018 – FY2024 · reported fiscal years

Greenwing Resources Ltd reported revenue of A$57.2K in FY2022 versus A$1.3M in FY2018, a compound −54.4%/yr. Reported net income was A$1.6M in FY2024.

Growth Quality 16/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2022)
A$57.2K
Avg. growth/yr (3Y) 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.
−65.7%
Avg. growth/yr (18Y) 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.
+25.4%
Revenue −54.4%/yr
FY18 A$1.3M
FY19 A$1.4M
FY20 A$19.1K
FY21 A$1.3K
FY22 A$57.2K
Net income
FY20 −A$6.3M
FY21 −A$4.2M
FY22 −A$4.5M
FY23 −A$2.0M
FY24 A$1.6M

GW1 screens 35% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Greenwing Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/GW1

Peer Group

Other Industrial Metals & Mining · 475 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.

Quality Score 31 · Below median
Fair Value upside −35% · Below median
Return on equity (TTM) 19% · Top 25%
Return on assets -4% · Below median
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth -100% · Bottom 25%

Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper

P/E (TTM) 4.0× · Cheaper than 75% of peers
P/B 1.33× · Cheaper than median

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.

VALUE 0 · sector 0
FUTURE 0 · sector 23
PAST 76 · sector 0
HEALTH 100 · sector 96
DIVIDEND 0 · sector 21

VALUE 0: the price sits above our fair-value range.

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.89 $8.95 -40%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Greenwing Resources Ltd (GW1) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.0510 versus a price of A$0.0790, about −35% (overvalued).
What is the fair value of GW1?
Our model-based fair value for Greenwing Resources Ltd is A$0.0510 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.0790.
What is the quality score of GW1?
Greenwing Resources Ltd has a Quality Score of 31/100. 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 net profit margin of GW1?
The net profit margin of Greenwing Resources Ltd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

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