Indiana Resources Limited (IDA) fair value: what the stock is really worth
As of Oct 14, 2026: fair value of Indiana Resources Limited A$0.02, price A$0.02, upside +29.4%, quality 44 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 Oct 14, 2026.
How to read this chart
60‑month range A$0.0091 – A$0.0540 · fair‑value band A$0.0184 – A$0.0238 · the A$0.0170 price screens below the A$0.0220 fair value. Dashed = 300-day average. As of Oct 14, 2026.
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Indiana Resources Limited engages in the exploration of rare earth elements, gold, and base metals in Australia. The company primarily holds 100% interests in the Gawler Craton gold project that covers an area of 5,713 square kilometers located in South Australia; and the Minos Gold Project in the South Australia.
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Indiana Resources Limited engages in the exploration of rare earth elements, gold, and base metals in Australia. The company primarily holds 100% interests in the Gawler Craton gold project that covers an area of 5,713 square kilometers located in South Australia; and the Minos Gold Project in the South Australia. The company was formerly known as IMX Resources Limited and changed its name to Indiana Resources Limited in June 2016. Indiana Resources Limited was incorporated in 1985 and is based in Adelaide, Australia.
Stock analysis
Indiana Resources Limited (IDA) currently trades at A$0.0170, while our model-based Fair Value estimate is A$0.0220, implying the stock looks roughly 22.7% undervalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 86/100, which puts the evidence level at low.
Scenario range: A$0.0184 (bear) to A$0.0238 (bull), the price of A$0.0170 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 44/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Indiana Resources Limited reported revenue of A$140M in FY2025 versus A$3.0K in FY2021, a compound +1,368.7%/yr. Reported net income was −A$3.8M in FY2026.
Key figures
Market cap A$11.0M (≈ $7.7M) · P/E ratio 0.3 · P/S ratio 8.13 · EPS (TTM) A$−0.0100 · Net margin −267% · Return on equity −7.2% · Return on assets (EBIT) 1.5% · Operating margin −226%.
What moves the price
The share trades about 68% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −3% fair-value upside, at 29%, IDA screens cheaper than that median.
Fair Value models
Bear A$0.0184Fair Value A$0.0220Bull A$0.0238
Price A$0.0170 · Upside +29.4%
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.35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+66,377.6%
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.
+4,017.4%
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.
+397.1%
Start year 2020 (pandemic). Over 10 years: +43.7% a year
Revenue growth 35 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.
+28.3%
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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.
−5,752.2% (2020) → 73.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
Compare Indiana Resources Limited with another stock
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.Other Precious Metals & Mining · 98 stocks
Beats the industry median on 4/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score44 · Above median
Fair Value upside+22.2% · Top 25%
Profitability
Return on assets−5.7% · Below median
Net margin (TTM)69.7% · Top 25%
Growth and dividend
Revenue growth−97.1% · Bottom 25%
Balance sheet
Debt / equity0.56× · Highest 25%
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
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Is Indiana Resources Limited (IDA) overvalued or undervalued?
As of Oct 14, 2026, our model estimates a fair value of A$0.0220 versus a price of A$0.0170, about +29% upside (undervalued).
What is the fair value of IDA?
Our model-based fair value for Indiana Resources Limited is A$0.0220 (as of Oct 14, 2026), built from audited fundamentals. The current price: A$0.0170.
What is the quality score of IDA?
Indiana Resources Limited has a Quality Score of 44/100. 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 Indiana Resources Limited (IDA)?
Our model-based price target is the fair value of A$0.0220 (as of Oct 14, 2026) from 1 valuation models. Cautious scenario A$0.0184, optimistic scenario A$0.0238. It is a calculation from audited fundamentals, not an analyst target.
What is the Indiana Resources Limited stock forecast for 2026?
Our models put fair value at A$0.0220, about +29% upside versus a price of A$0.0170 (undervalued). Cautious scenario A$0.0184, optimistic scenario A$0.0238. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Indiana Resources Limited (IDA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Indiana Resources Limited it is A$0.0220 per share (as of Oct 14, 2026), against a price of A$0.0170. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Indiana Resources Limited stock overvalued or undervalued in 2026?
As of Oct 14, 2026, IDA trades below its calculated fair value: price A$0.0170, fair value A$0.0220, a gap of about +29% (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 IDA?
No. The price is what the market pays today (A$0.0170); the fair value is what the company's own numbers justify (A$0.0220). For Indiana Resources Limited the two are A$0.0050 per share apart. That gap is exactly why we show both numbers side by side.
How much is Indiana Resources Limited worth?
The market values Indiana Resources Limited at about A$11.0M (market capitalisation, as of Oct 14, 2026). Per share that is A$0.0170; our models calculate a fair value of A$0.0220 per share.
What do the bullish and bearish scenarios say about IDA?
Our models span a range for Indiana Resources Limited: cautious scenario A$0.0184, base A$0.0220, optimistic A$0.0238 per share (as of Oct 14, 2026, price A$0.0170). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IDA?
Indiana Resources Limited trades at a price-to-earnings ratio of 0.3 (as of Oct 14, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.0220 is built from several models across several years. Other multiples: PEG 1.8.
What is the PEG ratio of IDA?
The PEG ratio of Indiana Resources Limited is 1.84 (P/E divided by earnings growth, as of Oct 14, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Indiana Resources Limited (IDA)?
Balance-sheet figures for Indiana Resources Limited (as of Oct 14, 2026): return on equity −7.2%, debt of 0.56 per unit of equity. They feed the Quality Score of 44/100, which measures business quality independently of the share price.
How far is IDA from its 52-week high?
Indiana Resources Limited trades at A$0.0170, about 68% below its 52-week high of A$0.0530 and at the low of A$0.0170 (as of Oct 14, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0220 is for.
Which stocks are comparable to Indiana Resources Limited?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 Indiana Resources Limited stock attractive at the current price?
The data as of Oct 14, 2026: price A$0.0170, calculated fair value A$0.0220 (+29%), Quality Score 44/100, 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 IDA calculated?
We run Indiana Resources 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$0.0220, 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. Indiana Resources Limited currently trades 23 % 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 Indiana Resources Limited (IDA)?
The closing price on Oct 14, 2026 was A$0.0170. Our model-based fair value is A$0.0220, about +29% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Indiana Resources Limited right now?
The price is below even our cautious bear case (A$0.0184). The market is more pessimistic than our downside scenario. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Indiana Resources Limited
How large is the market capitalisation of Indiana Resources Limited (IDA)?
The market capitalisation of Indiana Resources Limited is A$11.0M (≈ $7.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Indiana Resources Limited (IDA)?
The price-to-sales ratio of Indiana Resources Limited is 8.13 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Indiana Resources Limited (IDA)?
Earnings per share at Indiana Resources Limited are A$−0.0100 (price ÷ EPS = P/E 0.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Indiana Resources Limited (IDA)?
The net margin of Indiana Resources Limited is −267% (last twelve months). 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 Indiana Resources Limited (IDA)?
The return on equity (ROE) of Indiana Resources Limited 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 Indiana Resources Limited (IDA)?
On an EBIT basis the return on assets of Indiana Resources Limited is 1.5% (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 Indiana Resources Limited (IDA)?
The operating margin of Indiana Resources Limited is −226% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Indiana Resources Limited (IDA)?
Revenue at Indiana Resources Limited is growing −97.1% versus a year earlier (3y avg +4,017%). 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 Indiana Resources Limited (IDA) generate?
The free cash flow of Indiana Resources Limited is −A$3.4M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Indiana Resources Limited (IDA) hold?
Indiana Resources Limited holds more cash than debt, A$11.1M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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