Legacy Iron Ore Ltd (LCY) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Legacy Iron Ore Ltd A$0.00, price A$0.01, upside -10.0%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Legacy Iron Ore Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 23, 2026.
How to read this chart
60‑month range A$0.0040 – A$0.0390 · fair‑value band A$0.0045 – A$0.0049 · the A$0.0050 price screens above the A$0.0045 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Follow Legacy Iron Ore in your weekly email
Every Wednesday you see whether Legacy Iron Ore is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Legacy Iron Ore Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company operates through Iron ore exploration and development in Australia; Gold exploration and development in Australia; and Base metals and other critical minerals (OCM) exploration and development in Australia segments.
Show more
Legacy Iron Ore Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company operates through Iron ore exploration and development in Australia; Gold exploration and development in Australia; and Base metals and other critical minerals (OCM) exploration and development in Australia segments. It primarily explores for tungsten, nickel, copper, lithium, magnetite, and rare earth metals. The company's flagship property is the Mount Bevan project located in Yilgarn region of Western Australia. Legacy Iron Ore Limited was incorporated in 2007 and is based in Perth, Australia. Legacy Iron Ore Limited operates as a subsidiary of NMDC Limited.
Stock analysis
Legacy Iron Ore Ltd (LCY) currently trades at A$0.0050, while our model-based Fair Value estimate is A$0.0045, implying the stock looks roughly 11.1% overvalued today.
Show more
Valuation
Bull case: the Growth DCF group reads highest at a median of A$0.0100 per share, and 7 of the 7 models we run sit above the A$0.0050 price.
Bear case: the DCF Models group reads lowest at A$0.0100, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.0045 (bear) to A$0.0049 (bull), the price of A$0.0050 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 52/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Legacy Iron Ore Ltd reported revenue of A$88.6M in FY2026 versus A$34.6K in FY2022, a compound +611.4%/yr. Reported net income was −A$556K in FY2026.
Key figures
Market cap A$48.8M (≈ $34.4M) · P/S ratio 0.55 · Net margin −0.6% · Return on equity −1.9% · Return on assets (EBIT) −23.4% · Operating margin −3.8% · Revenue (TTM) A$88.6M · Revenue growth (YoY) +196%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 25% 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 −10%, LCY screens richer than that median.
Fair Value models
Bear A$0.0045Fair Value A$0.0045Bull A$0.0049
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.
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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+104.4%
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.
+1,110.1%
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.
+273.1%
Start year 2021 (pandemic). Over 10 years: +81.0% a year
Revenue growth 15 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.
+75.2%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
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.
−823.3% (2021) → −5.5% (2026)
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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−4.2%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −7.0% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 6/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−10% · Above median
Profitability
Return on assets−8% · Below median
Net margin (TTM)−1% · Bottom 25%
Operating margin (TTM)−4% · Bottom 25%
Growth and dividend
Revenue growth196% · Top 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Gold median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Legacy Iron Ore Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LCY
Frequently asked questions
Is Legacy Iron Ore Ltd (LCY) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0045 versus a price of A$0.0050, about −10% upside (overvalued).
What is the fair value of LCY?
Our model-based fair value for Legacy Iron Ore Ltd is A$0.0045 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0050.
What is the quality score of LCY?
Legacy Iron Ore Ltd has a Quality Score of 52/100. 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 Legacy Iron Ore Ltd (LCY)?
Our model-based price target is the fair value of A$0.0045 (as of Sep 23, 2026) from 7 valuation models. Cautious scenario A$0.0045, optimistic scenario A$0.0049. It is a calculation from audited fundamentals, not an analyst target.
What is the Legacy Iron Ore Ltd stock forecast for 2026?
Our models put fair value at A$0.0045, about −10% upside versus a price of A$0.0050 (overvalued). Cautious scenario A$0.0045, optimistic scenario A$0.0049. The calculation is refreshed regularly with new filings.
What is the revenue of Legacy Iron Ore Ltd (LCY)?
Legacy Iron Ore Ltd reported trailing-twelve-month revenue of about A$88.6M (latest available figure, as of Sep 23, 2026).
What growth is priced into Legacy Iron Ore Ltd (LCY)?
For today's price to be fair in a discounted-cash-flow model, Legacy Iron Ore Ltd would have to grow free cash flow by -4.2 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +273.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of LCY use?
Our models discount Legacy Iron Ore Ltd at 8.3 %: a base by market capitalisation (nano), damped by beta 0.01, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Legacy Iron Ore Ltd that is -4.2 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Legacy Iron Ore Ltd (LCY) delivered so far?
Over the past 5 years revenue at Legacy Iron Ore Ltd grew +273.1 % a year. The price currently implies -4.2 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Legacy Iron Ore Ltd (LCY) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Legacy Iron Ore Ltd (-4.2 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Legacy Iron Ore Ltd (LCY)?
The free-cash-flow yield on the price is 7.92 %: that much free cash flow Legacy Iron Ore Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Legacy Iron Ore Ltd (LCY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Legacy Iron Ore Ltd it is A$0.0045 per share (as of Sep 23, 2026), against a price of A$0.0050. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Legacy Iron Ore Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, LCY trades above its calculated fair value: price A$0.0050, fair value A$0.0045, a gap of about −10% (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 LCY?
No. The price is what the market pays today (A$0.0050); the fair value is what the company's own numbers justify (A$0.0045). For Legacy Iron Ore Ltd the two are A$0.0005 per share apart. That gap is exactly why we show both numbers side by side.
How much is Legacy Iron Ore Ltd worth?
The market values Legacy Iron Ore Ltd at about A$48.8M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0050; our models calculate a fair value of A$0.0045 per share.
What do the bullish and bearish scenarios say about LCY?
Our models span a range for Legacy Iron Ore Ltd: cautious scenario A$0.0045, base A$0.0045, optimistic A$0.0049 per share (as of Sep 23, 2026, price A$0.0050). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Legacy Iron Ore Ltd (LCY)?
Balance-sheet figures for Legacy Iron Ore Ltd (as of Sep 23, 2026): return on equity −1.9%, debt of 0.13 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is LCY from its 52-week high?
Legacy Iron Ore Ltd trades at A$0.0050, about 50% below its 52-week high of A$0.0100 and 25% above the low of A$0.0040 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0045 is for.
Which stocks are comparable to Legacy Iron Ore 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 Legacy Iron Ore Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0050, calculated fair value A$0.0045 (−10%), Quality Score 52/100, from 7 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 LCY calculated?
We run Legacy Iron Ore Ltd through 7 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$0.0045, 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. Legacy Iron Ore 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 Legacy Iron Ore Ltd (LCY)?
The closing price on Sep 24, 2026 was A$0.0050. Our model-based fair value is A$0.0045, about −10% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Legacy Iron Ore Ltd right now?
The price sits above even our optimistic bull case (A$0.0049). The favourable scenario is already priced in. The models converge in a tight band (A$0.0045 to A$0.0049), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Legacy Iron Ore Ltd
How large is the market capitalisation of Legacy Iron Ore Ltd (LCY)?
The market capitalisation of Legacy Iron Ore Ltd is A$48.8M (≈ $34.4M). 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 is the P/S ratio of Legacy Iron Ore Ltd (LCY)?
The price-to-sales ratio of Legacy Iron Ore Ltd is 0.55 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of Legacy Iron Ore Ltd (LCY)?
The net margin of Legacy Iron Ore Ltd is −0.6% (fiscal year 2026). 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 Legacy Iron Ore Ltd (LCY)?
The return on equity (ROE) of Legacy Iron Ore Ltd is −1.9% (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 Legacy Iron Ore Ltd (LCY)?
On an EBIT basis the return on assets of Legacy Iron Ore Ltd is −23.4% (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 Legacy Iron Ore Ltd (LCY)?
The operating margin of Legacy Iron Ore Ltd is −3.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Legacy Iron Ore Ltd (LCY)?
Revenue at Legacy Iron Ore Ltd is growing +196% versus a year earlier (3y avg +1,110%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Legacy Iron Ore Ltd (LCY)?
Earnings per share at Legacy Iron Ore Ltd are growing −25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Legacy Iron Ore Ltd (LCY) hold?
Legacy Iron Ore Ltd holds more cash than debt, A$3.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Legacy Iron Ore Ltd in the live analysis
One click puts Legacy Iron Ore Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
