Lefroy Exploration Limited (LEX) Fair Value & Analysis
Basic Materials · AU · Market cap A$27.5M
Fair value as of: Jun 25, 2026
From 1 valuation models · updated 46 days ago
Share price +8.7% over the past month.
Below-average quality, screening 84% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (29/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (A$0.1700). The market is more pessimistic than our downside scenario.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 25, 2026.
How to read this chart
60‑month range A$0.0660 – A$1.35 · fair‑value band A$0.1700 – A$0.2890 · the A$0.1250 price screens below the A$0.2295 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 25, 2026.
Analysis
Lefroy Exploration Limited (LEX) currently trades at A$0.1250, while our model-based Fair Value estimate is A$0.2295, implying the stock looks roughly 83.6% undervalued today. The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.
Revenue declined 71.1% year over year. It earns a return on equity of -7.3%. The balance sheet holds a net cash position of A$1.6M. Fundamentals as of Jun 25, 2026
Our scenario range runs from A$0.1700 (bear case) to A$0.2890 (bull case); at A$0.1250, the current price sits below 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 65% below its 52-week high and 36% 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 84%, LEX screens cheaper 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.
All 1 models by family
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Key figures & financial health
Figures from reported company fundamentals · as of Jun 25, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 32 · Market factors (momentum, volatility) 26
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
Lefroy Exploration Limited engages in the exploration and evaluation of mineral properties in Western Australia. The company explores for gold, copper, and nickel deposits. Its flagship project is the 100% owned Lefroy Gold project, which covers an area of approximately 635 square kilometers located to the southeast of Kalgoorlie.
Full company description
Lefroy Exploration Limited engages in the exploration and evaluation of mineral properties in Western Australia. The company explores for gold, copper, and nickel deposits. Its flagship project is the 100% owned Lefroy Gold project, which covers an area of approximately 635 square kilometers located to the southeast of Kalgoorlie. The company was formerly known as U.S. Masters Holdings Limited and changed its name to Lefroy Exploration Limited in September 2016. Lefroy Exploration Limited was incorporated in 1990 and is headquartered in Road Town, British Virgin Islands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lefroy Exploration Limited reported revenue of A$91.0K in FY2025 versus A$3.0K in FY2021, a compound +134.7%/yr. Reported net income was −A$2.6M in FY2025.
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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.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 Jun 25, 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
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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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