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Iris Metals Ltd (IR1) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of Iris Metals Ltd A$0.03, price A$0.06, upside -54.7%, quality 14 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · AU · ISIN AU0000166134

IM Thin data Sep 23, 2026

Iris Metals Ltd

IR1 · AU

Weakest SetupStrongly overvalued and low quality.

!Fair value A$0.0258 · Strongly overvalued (−55%)
!Quality 14/100
!negative free cash flow
!Trails peers (1/6)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
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26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$2.24 A$0.0480 Fair Value A$0.0258 Sep 2021 Sep 2026

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$0.0480 – A$2.24 · fair‑value band A$0.0258 – A$0.0305 · the A$0.0570 price screens above the A$0.0258 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

IRIS Metals Limited engages in exploration, evaluation, and acquisition of mining tenements in South Dakota, the United States. It explores for lithium, diamond, pegmatite, LCT pegmatites, spodumene, and lithium spodumene deposits. IRIS Metals Limited was incorporated in 2020 and is based in South Yarra, Australia.

Stock analysis

Iris Metals Ltd (IR1) currently trades at A$0.0570, while our model-based Fair Value estimate is A$0.0258, implying the stock looks roughly 120.9% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.

Scenario range: A$0.0258 (bear) to A$0.0305 (bull), the price of A$0.0570 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 14/100 (below-average quality), in the Basic Materials sector.

Iris Metals Ltd reported revenue of A$0 in FY2025 versus A$0 in FY2021. Reported net income was −A$22.3M in FY2026.

Key figures

Market cap A$19.0M (≈ $13.4M) · EPS (TTM) A$−0.1000 · Return on equity −58.3% · Return on assets (EBIT) −40.1% · Operating margin 4,676% · Revenue (TTM) A$18.4K · Free cash flow −A$3.8M · Net cash A$4.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 83% below its 52-week high and 19% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 14% fair-value upside, at −55%, IR1 screens richer than that median.

Fair Value models

Bear A$0.0258 Fair Value A$0.0258 Bull A$0.0305
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.
Highest evidence
NCAV (Graham) A$0.0600 A$0.0800 A$0.1100 52
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0600 A$0.0800 A$0.1100 52

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Quality Score breakdown

Overall quality 14/100

Of which business quality 21 · Market factors (momentum, volatility) 19

Profitability 0
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

Open the full quality analysis →

Revenue & earnings trend

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
not computed

IR1 screens 121% overvalued. Compare with Zijin Mining Group →

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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 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score 21 · Bottom 25%
Fair Value upside −53% · Below median
Profitability
Return on assets −13% · Bottom 25%
Growth and dividend
Revenue growth 0% · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 0.41× · Cheapest 25%

Context: sector, industry, market

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

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Zijin Mining Group 601899 ¥31.41 ¥43.81 +39%
Newmont Corporation NEM A$177.02 A$265.78 +50%
Agnico Eagle Mines Limited AEM $195.57 $222.49 +14%
Barrick Mining Corporation B $42.49 $65.40 +54%
Franco-Nevada Corporation FNV $260.91 $287.00 +10%
Wheaton Precious Metals Corp WPM $145.45 $89.12 −39%
AngloGold Ashanti plc AU $104.60 $88.63 −15%
Zijin Gold International Company 2259 HK$146.60 HK$83.20 −43%
Kinross Gold Corporation KGC $27.62 $51.30 +86%
Royal Gold, Inc RGLD $252.78 $278.06 +10%

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Iris Metals Ltd · Fair Value
A$0.0258 −121%Fair Value
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Cite: Fair Value Calculator (2026). "Iris Metals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IR1

Frequently asked questions

Is Iris Metals Ltd (IR1) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0258 versus a price of A$0.0570, about −55% upside (overvalued).
What is the fair value of IR1?
Our model-based fair value for Iris Metals Ltd is A$0.0258 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0570.
What is the quality score of IR1?
Iris Metals Ltd has a Quality Score of 14/100. 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 Iris Metals Ltd (IR1)?
Our model-based price target is the fair value of A$0.0258 (as of Sep 23, 2026) from 1 valuation models. Cautious scenario A$0.0258, optimistic scenario A$0.0305. It is a calculation from audited fundamentals, not an analyst target.
What is the Iris Metals Ltd stock forecast for 2026?
Our models put fair value at A$0.0258, about −55% upside versus a price of A$0.0570 (overvalued). Cautious scenario A$0.0258, optimistic scenario A$0.0305. The calculation is refreshed regularly with new filings.
What is the revenue of Iris Metals Ltd (IR1)?
Iris Metals Ltd reported trailing-twelve-month revenue of about A$18.4K (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Iris Metals Ltd (IR1)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Iris Metals Ltd it is A$0.0258 per share (as of Sep 23, 2026), against a price of A$0.0570. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Iris Metals Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IR1 trades above its calculated fair value: price A$0.0570, fair value A$0.0258, a gap of about −55% (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 IR1?
No. The price is what the market pays today (A$0.0570); the fair value is what the company's own numbers justify (A$0.0258). For Iris Metals Ltd the two are A$0.0312 per share apart. That gap is exactly why we show both numbers side by side.
How much is Iris Metals Ltd worth?
The market values Iris Metals Ltd at about A$19.0M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0570; our models calculate a fair value of A$0.0258 per share.
What do the bullish and bearish scenarios say about IR1?
Our models span a range for Iris Metals Ltd: cautious scenario A$0.0258, base A$0.0258, optimistic A$0.0305 per share (as of Sep 23, 2026, price A$0.0570). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Iris Metals Ltd (IR1)?
Balance-sheet figures for Iris Metals Ltd (as of Sep 23, 2026): return on equity −58.3%. They feed the Quality Score of 14/100, which measures business quality independently of the share price.
How far is IR1 from its 52-week high?
Iris Metals Ltd trades at A$0.0570, about 83% below its 52-week high of A$0.3450 and 19% above the low of A$0.0480 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0258 is for.
Which stocks are comparable to Iris Metals Ltd?
From the same area (Basic Materials) we also value Zijin Mining Group, Newmont Corporation, 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 Iris Metals Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0570, calculated fair value A$0.0258 (−55%), Quality Score 14/100, 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 IR1 calculated?
We run Iris Metals Ltd 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$0.0258, 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. Iris Metals 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 Iris Metals Ltd (IR1)?
The closing price on Sep 24, 2026 was A$0.0570. Our model-based fair value is A$0.0258, about −55% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Iris Metals Ltd right now?
The price sits above even our optimistic bull case (A$0.0305). The favourable scenario is already priced in. Weak quality (14/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Iris Metals Ltd

How large is the market capitalisation of Iris Metals Ltd (IR1)?
The market capitalisation of Iris Metals Ltd is A$19.0M (≈ $13.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Iris Metals Ltd (IR1)?
Earnings per share at Iris Metals Ltd are A$−0.1000. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Iris Metals Ltd (IR1)?
The return on equity (ROE) of Iris Metals Ltd is −58.3% (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 Iris Metals Ltd (IR1)?
On an EBIT basis the return on assets of Iris Metals Ltd is −40.1% (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 Iris Metals Ltd (IR1)?
The operating margin of Iris Metals Ltd is 4,676% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much free cash flow does Iris Metals Ltd (IR1) generate?
The free cash flow of Iris Metals Ltd is −A$3.8M (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 Iris Metals Ltd (IR1) hold?
Iris Metals Ltd holds more cash than debt, A$4.6M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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