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Jupiter Mines Limited (JMS) Fair Value & Analysis

Basic Materials · AU · Market cap A$511M

JM Jupiter Mines Limited JMS · AU
PriceA$0.2650
Fair ValueA$0.1700
Upside-35.9%
Quality69/100
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Mixed Growth
Low debt · generates free cash flow
2.96% dividend yield
Ranks above peers (8/12)
Moderate moat 52/100
Evidence: High Range A$0.0800 – A$0.2600 Share as image

Fair value as of: Jul 19, 2026

From 20 valuation models · updated 22 days ago

Share price −1.9% over the past month.

A solid business, but screening 36% overvalued on our models.

What matters now

  • The model range is unusually wide (A$0.0800 to A$0.2600). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

A$0.3295 A$0.1221 Fair Value A$0.1700 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 19, 2026.

How to read this chart

60‑month range A$0.1221 – A$0.3295 · fair‑value band A$0.0800 – A$0.2600 · the A$0.2650 price screens above the A$0.1700 fair value. Dashed = 300-day average. As of Jul 19, 2026.

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Analysis

Jupiter Mines Limited (JMS) currently trades at A$0.2650, while our model-based Fair Value estimate is A$0.1700, implying the stock looks roughly 35.9% overvalued today. The Quality Score stands at 69/100 (solid 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: high).

Trailing-twelve-month revenue stands at A$9.4M. Revenue grew 0.4% year over year. It earns a return on equity of 7.5%. The balance sheet holds a net cash position of A$11.2M. Fundamentals as of Jul 19, 2026

Our scenario range runs from A$0.0800 (bear case) to A$0.2600 (bull case); at A$0.2650, 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 13% below its 52-week high and 49% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -36%, JMS 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
Growth DCF A$0.0700 A$0.1400 A$0.2400 80
Residual Income A$0.2200 A$0.2300 A$0.2400 76
Gordon GGM A$0.1200 A$0.2100 A$0.2900 70
All 20 models by family
DCF Models
FCF DCF A$0.0800 A$0.1300 A$0.2600 38
Owner Earnings A$0.2600 A$0.5500 A$1.08 31
5Y Revenue Exit A$0.0200 A$0.0300 A$0.0500 39
5Y EBITDA Exit A$0.0200 A$0.0300 A$0.0400 41
5Y P/E Exit A$0.2000 A$0.5100 A$0.9300 38
10Y Revenue Exit A$0.0400 A$0.0700 A$0.0800 36
10Y EBITDA Exit A$0.0400 A$0.0700 A$0.1100 37
10Y P/E Exit A$0.1600 A$0.4300 A$0.8800 35
Earnings-Based
Graham-Dodd A$0.1400 A$1.01 A$1.41 54
Lynch FV A$0.5200 A$0.7400 A$0.9600 50
PEG = 1.0 A$0.5200 A$0.7400 A$0.9600 46
Dividend Discount
Gordon GGM A$0.1200 A$0.2100 A$0.2900 70
DDM Multi-Stage A$0.1200 A$0.1900 A$0.2200 61
Multiples
P/E Multiple A$0.2700 A$0.3600 A$0.4500 63
P/S Multiple A$0.0100 A$0.0100 A$0.0100 58
P/B Multiple A$0.2700 A$0.3600 A$0.4500 55
Asset-Based
NCAV (Graham) A$0.1400 A$0.1900 A$0.2900 50
Growth DCF
Growth DCF A$0.0700 A$0.1400 A$0.2400 80
Economic Profit
Residual Income A$0.2200 A$0.2300 A$0.2400 76
Growth Earnings
Growth-Adj P/E A$0.6400 A$0.9100 A$1.19 68

Widest divergence: Growth Earnings (A$0.9100) versus DCF Models (A$0.0700). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$9.4M
Revenue growth (YoY) +0.4%
Net margin 446%
Return on equity 7.5%
Free cash flow A$14.0M FY2026
P/E ratio 13.0
More key figures
Operating margin 25.9%
EPS (TTM) A$0.0200
Dividend yield 3.1%
EPS growth (YoY) +15.5%
Net cash A$11.2M FY2026

Figures from reported company fundamentals · as of Jul 19, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 62

Profitability 38
Margins and returns on capital today
Quality Growth 55
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 81
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 72
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 81
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

Jupiter Mines Limited operates as an independent mining company in Australia. It explores for manganese deposits. The company's flagship project is the Tshipi Manganese mine located in the Northern Cape of South Africa. Jupiter Mines Limited was incorporated in 2003 and is based in Perth, Australia.

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

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Jupiter Mines Limited reported revenue of A$9.3M in FY2026 versus A$7.3M in FY2022, a compound +6.4%/yr. Reported net income was A$41.7M in FY2026, compounding −6.3%/yr from FY2022.

Growth Quality 45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
A$9.3M
Latest YoY
−0.8%
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.
+3.1%
Avg. growth/yr (5Y) 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.
+2.7%
Avg. growth/yr (21Y) 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.
+27.7%
Revenue +6.4%/yr
FY22 A$7.3M
FY23 A$8.5M
FY24 A$8.1M
FY25 A$9.4M
FY26 A$9.3M
Net income −6.3%/yr
FY22 A$54.0M
FY23 A$46.7M
FY24 A$38.9M
FY25 A$40.1M
FY26 A$41.7M

JMS screens 36% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Jupiter Mines Limited Fair Value". https://www.fairvalue-calculator.com/stock/JMS

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 69 · Top 25%
Fair Value upside −36% · Below median
Return on equity (TTM) 8% · Above median
Return on assets 0% · Above median
Operating margin (TTM) 26% · Top 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 3.0% · Top 25%
Debt / equity 0.08× · Lower than median

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

P/E (TTM) 13.0× · Cheaper than median
P/B 0.64× · Cheaper than 75% of peers
P/S (TTM) 38.22× · Pricier than 75% of peers
P/FCF 25.8× · Pricier than 75% of peers

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 2 · sector 23
PAST 30 · sector 0
HEALTH 96 · sector 96
DIVIDEND 59 · 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 19, 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 $14.19 $9.14 -36%
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 Jupiter Mines Limited (JMS) overvalued or undervalued?
As of Jul 19, 2026, our model estimates a fair value of A$0.1700 versus a price of A$0.2650, about −36% (overvalued).
What is the fair value of JMS?
Our model-based fair value for Jupiter Mines Limited is A$0.1700 (as of Jul 19, 2026), built from audited fundamentals. The current price is A$0.2650.
What is the quality score of JMS?
Jupiter Mines Limited has a Quality Score of 69/100. 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 revenue of Jupiter Mines Limited (JMS)?
Jupiter Mines Limited reported trailing-twelve-month revenue of about A$9.4M (latest available figure, as of Jul 19, 2026).
Does Jupiter Mines Limited pay a dividend?
Jupiter Mines Limited currently shows a dividend yield of about 3.08% relative to its recent price (as of Jul 19, 2026).

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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