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Iceni Gold Limited (ICL) Fair Value & Analysis

Basic Materials · AU · Market cap A$8.7M

IG Iceni Gold Limited ICL · AU
PriceA$0.0220
Fair ValueA$0.0194
Upside-12.0%
Quality95/100
Evidence: Low Range A$0.0194 – A$0.0194

Fair value as of: Jun 26, 2026

From 1 valuation models · updated 3 days ago

Fair value updated Jun 26, 2026 — revised from A$0.0100 to A$0.0194 (+93.6%) since Jun 25, 2026.

Price vs Fair Value (12 months)

A$0.0688 A$0.0193 Fair Value A$0.0194 Jun 2025 Jun 2026

12‑month range A$0.0193 – A$0.0688 · the A$0.0220 price screens above the A$0.0194 fair value. As of Jun 26, 2026.

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Analysis

Iceni Gold Limited (ICL) currently trades at A$0.0220, while our model-based Fair Value estimate is A$0.0194 — implying the stock looks roughly 12.0% overvalued today. We read business quality at 95/100 (high 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: low).

Trailing-twelve-month revenue stands at A$505K. Revenue grew 168.8% year over year. It earns a return on equity of -7.3%. The balance sheet holds a net cash position of A$4.2M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) A$505K
Revenue growth (YoY) +169%
Return on equity -7.3%
Free cash flow −A$7.8M FY2025
Operating margin -98.2%
EPS (TTM) A$-0.0100
More key figures
Net cash A$4.2M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Iceni Gold Limited focuses on acquiring, exploring, and developing gold projects in Western Australia. Its principal property consists of the 14 Mile Well project that includes 5 granted exploration licenses, 143 granted prospecting licenses, 7 prospecting licenses, and 2 mining leases covering an area of approximately 600 square kilometres located in the Eastern Goldfields region, Western Australia. Iceni Gold Limited was incorporated in 2020 and is based in West Perth, Australia.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Iceni Gold Limited reported revenue of A$291K in FY2025 versus A$0 in FY2021. Reported net income was −A$3.5M in FY2025.

Revenue
FY21 A$0
FY22 A$15.9K
FY23 A$27.8K
FY24 A$142K
FY25 A$291K
Net income
FY21 −A$2.4M
FY22 −A$1.3M
FY23 −A$1.3M
FY24 −A$230K
FY25 −A$3.5M

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Similar stocks

6 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $186.78 +67%
Zijin Mining Group 601899 ¥30.44 ¥62.26 +105%
Agnico Eagle Mines Limited AEM $176.75 $225.34 +27%
Barrick Mining Corporation B $37.19 $70.51 +90%
Wheaton Precious Metals Corp SII €105.35 €52.47 -50%
AngloGold Ashanti plc AU $86.23 $88.63 +3%

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Frequently asked questions

Is Iceni Gold Limited (ICL) undervalued?
As of Jun 26, 2026, our model estimates a fair value of A$0.0194 versus a price of A$0.0220 — about −12% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ICL?
Our 21-model fair value for Iceni Gold Limited is A$0.0194 (as of Jun 26, 2026), built from audited fundamentals. The current price is A$0.0220.
What is the quality score of ICL?
Iceni Gold Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Iceni Gold Limited (ICL)?
Iceni Gold Limited reported trailing-twelve-month revenue of about A$505K (latest available figure, as of Jun 26, 2026).
What is the net profit margin of ICL?
The net profit margin of Iceni Gold Limited 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.