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Leading Edge Materials Corp (LEMSE) fair value: what the stock is really worth

As of Oct 2, 2026: fair value of Leading Edge Materials Corp SEK 0.44, price SEK 1.64, upside -73.2%, quality 26 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 · SE · Home Canada · ISIN CA52171T1003

LE Thin data Sep 24, 2026

Leading Edge Materials Corp

LEMSE · ST

Weakest SetupStrongly overvalued and low quality.

!Fair value kr 0.4400 · Strongly overvalued (−73.2%)
!Quality 26/100
!negative free cash flow
!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

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Price vs Fair Value

kr 5.20 kr 0.6800 Fair Value kr 0.4400 Jul 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.

How to read this chart

60‑month range kr 0.6800 – kr 5.20 · fair‑value band kr 0.3300 – kr 0.6600 · the kr 1.64 price screens above the kr 0.4400 fair value. Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

Leading Edge Materials Corp. engages in the exploration and development of resource properties in Sweden and Romania. It explores for graphite, heavy rare earth elements, nickel, and cobalt deposits.

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Leading Edge Materials Corp. engages in the exploration and development of resource properties in Sweden and Romania. It explores for graphite, heavy rare earth elements, nickel, and cobalt deposits. The company holds 100% interests in the Woxna graphite project, which consists of the Kringelgruvan concession located in Ovanaker Municipality, Gavleborg County, central Sweden; and the Norra Kärr HREE project located in south-central Sweden. It also has a 51% interest in the Bihor Sud nickel cobalt exploration alliance project located in Romania. The company was formerly known as Flinders Resources Limited and changed its name to Leading Edge Materials Corp. in August 2016. The company is headquartered in Vancouver, Canada.

Stock analysis

Leading Edge Materials Corp (LEMSE) currently trades at kr 1.64, while our model-based Fair Value estimate is kr 0.4400, 73.2% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: kr 0.3300 (bear) to kr 0.6600 (bull), the price of kr 1.64 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 26/100 (below-average quality), in the Basic Materials sector.

Leading Edge Materials Corp reported revenue of C$0 in FY2025 versus C$0 in FY2021. Reported net income was −C$3.2M in FY2025.

Key figures

Market cap 470M SEK (≈ $46.8M) · EPS (TTM) kr −0.0700 · Return on equity −15.2% · Return on assets (EBIT) −10.0% · Free cash flow −2.1M SEK.

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 35% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −73%, LEMSE screens richer than that median.

Fair Value models

Bear kr 0.3300 Fair Value kr 0.4400 Bull kr 0.6600
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.
Highest evidence
NCAV (Graham) kr 0.3300 kr 0.4400 kr 0.6600 51
All 1 models by family
Asset-Based
NCAV (Graham) kr 0.3300 kr 0.4400 kr 0.6600 51

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Quality Score breakdown

Overall quality 26/100

Of which business quality 30 · Market factors (momentum, volatility) 23

Profitability 0
Margins and returns on capital today
Quality Growth 43
Are margins and returns improving?
Cashflow 9
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 39
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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Revenue & earnings trend

What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

LEMSE screens overvalued: fair value 73% below the price. Compare with Saudi Arabian Mining Company →

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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 Industrial Metals & Mining · 354 stocks

Beats the industry median on 0/7 measures
Overall it trails its industry peers.
Valuation
Quality Score 30 · Bottom 25%
Fair Value upside −75.8% · Bottom 25%
Profitability
Return on assets −7.3% · Below median
Net margin (TTM) 0.0% · Bottom 25%
Operating margin (TTM) 0.0% · Below median
Growth and dividend
Revenue growth 0.0% · Below median

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 2.05× · Pricier than median

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Saudi Arabian Mining Company 1211 61.10 SAR 67.21 SAR +10%
CMOC Group 603993 ¥17.08 ¥19.15 +12%
Hindustan Zinc Limited HINDZINC ₹588.95 ₹647.85 +10%
China Tungsten And Hightech Materials Co 000657 ¥57.18 ¥29.56 −48%
Korea Zinc Company 010130 1,116,000 KRW 646,063 KRW −42%
Boliden AB BOL kr 521.00 kr 464.45 −11%
Western Mining Co 601168 ¥35.19 ¥38.71 +10%
Ivanhoe Mines Ltd IVN C$12.06 C$4.46 −63%
Xiamen Tungsten Co 600549 ¥46.90 ¥23.62 −50%
Vedanta Limited VEDL ₹266.35 ₹655.92 +146%

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Leading Edge Materials Corp · Fair Value
kr 0.4400 −73%Fair Value
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Cite: Fair Value Calculator (2026). "Leading Edge Materials Corp Fair Value". https://www.fairvalue-calculator.com/stock/LEMSE

Frequently asked questions

Is Leading Edge Materials Corp (LEMSE) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of kr 0.4400 versus a price of kr 1.64, about −73% upside (overvalued).
What is the fair value of LEMSE?
Our model-based fair value for Leading Edge Materials Corp is kr 0.4400 (as of Sep 24, 2026), built from audited fundamentals. The current price: kr 1.64.
What is the quality score of LEMSE?
Leading Edge Materials Corp has a Quality Score of 26/100. 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 Leading Edge Materials Corp (LEMSE)?
Our model-based price target is the fair value of kr 0.4400 (as of Sep 24, 2026) from 1 valuation models. Cautious scenario kr 0.3300, optimistic scenario kr 0.6600. It is a calculation from audited fundamentals, not an analyst target.
What is the Leading Edge Materials Corp stock forecast for 2026?
Our models put fair value at kr 0.4400, about −73% upside versus a price of kr 1.64 (overvalued). Cautious scenario kr 0.3300, optimistic scenario kr 0.6600. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Leading Edge Materials Corp (LEMSE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Leading Edge Materials Corp it is kr 0.4400 per share (as of Sep 24, 2026), against a price of kr 1.64. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Leading Edge Materials Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, LEMSE trades above its calculated fair value: price kr 1.64, fair value kr 0.4400, a gap of about −73% (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 LEMSE?
No. The price is what the market pays today (kr 1.64); the fair value is what the company's own numbers justify (kr 0.4400). For Leading Edge Materials Corp the two are kr 1.20 per share apart. That gap is exactly why we show both numbers side by side.
How much is Leading Edge Materials Corp worth?
The market values Leading Edge Materials Corp at about 470M SEK (market capitalisation, as of Sep 24, 2026). Per share that is kr 1.64; our models calculate a fair value of kr 0.4400 per share.
What do the bullish and bearish scenarios say about LEMSE?
Our models span a range for Leading Edge Materials Corp: cautious scenario kr 0.3300, base kr 0.4400, optimistic kr 0.6600 per share (as of Sep 24, 2026, price kr 1.64). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Leading Edge Materials Corp (LEMSE)?
Balance-sheet figures for Leading Edge Materials Corp (as of Sep 24, 2026): return on equity −15.2%. They feed the Quality Score of 26/100, which measures business quality independently of the share price.
How far is LEMSE from its 52-week high?
Leading Edge Materials Corp trades at kr 1.64, about 35% below its 52-week high of kr 2.52 and 15% above the low of kr 1.43 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of kr 0.4400 is for.
Which stocks are comparable to Leading Edge Materials Corp?
From the same area (Basic Materials) we also value Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, China Tungsten And Hightech Materials Co, 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 Leading Edge Materials Corp stock attractive at the current price?
The data as of Sep 24, 2026: price kr 1.64, calculated fair value kr 0.4400 (−73%), Quality Score 26/100, 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 LEMSE calculated?
We run Leading Edge Materials Corp 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 kr 0.4400, 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. Leading Edge Materials Corp 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 Leading Edge Materials Corp (LEMSE)?
The closing price on Oct 2, 2026 was kr 1.64. Our model-based fair value is kr 0.4400, about −73% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Leading Edge Materials Corp right now?
The price sits above even our optimistic bull case (kr 0.6600). The favourable scenario is already priced in. Weak quality (26/100) 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. A fairly wide model range (kr 0.3300 to kr 0.6600) leaves room in how you read the outcome.

Key figures of Leading Edge Materials Corp

How large is the market capitalisation of Leading Edge Materials Corp (LEMSE)?
The market capitalisation of Leading Edge Materials Corp is 470M SEK (≈ $46.8M). 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 Leading Edge Materials Corp (LEMSE)?
Earnings per share at Leading Edge Materials Corp are kr −0.0700. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Leading Edge Materials Corp (LEMSE)?
The return on equity (ROE) of Leading Edge Materials Corp is −15.2% (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 Leading Edge Materials Corp (LEMSE)?
On an EBIT basis the return on assets of Leading Edge Materials Corp is −10.0% (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.
How much free cash flow does Leading Edge Materials Corp (LEMSE) generate?
The free cash flow of Leading Edge Materials Corp is −2.1M SEK (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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