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Lincoln Minerals Limited (LML) Fair Value & Analysis

Basic Materials · AU · Market cap A$29.6M

LM Lincoln Minerals Limited LML · AU
PriceA$0.0070
Fair ValueA$0.0085
Upside+21.4%
Quality28/100
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Mixed Growth
negative free cash flow
Trails peers (1/7)
Narrow moat 8/100
Evidence: Low Range A$0.0093 – A$0.0093 Share as image

Fair value as of: Jul 11, 2026

From 2 valuation models · updated 30 days ago

Share price −36.4% over the past month.

Below-average quality, screening 21% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (A$0.0093). The market is more pessimistic than our downside scenario.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

A$0.0639 A$0.0029 Fair Value A$0.0085 Jan 2017 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.

How to read this chart

60‑month range A$0.0029 – A$0.0639 · the A$0.0070 price screens below the A$0.0085 fair value. Dashed = 300-day average. As of Jul 11, 2026.

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Analysis

Lincoln Minerals Limited (LML) currently trades at A$0.0070, while our model-based Fair Value estimate is A$0.0085, implying the stock looks roughly 21.4% undervalued today. The Quality Score stands at 28/100 (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.

Trailing-twelve-month revenue stands at A$602K. Revenue declined 74.8% year over year. It earns a return on equity of -24.4%. Fundamentals as of Jul 11, 2026

The share trades about 67% below its 52-week high and 84% 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 21%, LML 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.

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
Gordon GGM A$0.0100 A$0.0100 A$0.0100 70
DDM Multi-Stage A$0.0100 A$0.0100 A$0.0100 61
All 2 models by family
Dividend Discount
Gordon GGM A$0.0100 A$0.0100 A$0.0100 70
DDM Multi-Stage A$0.0100 A$0.0100 A$0.0100 61

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Key figures & financial health

Revenue (TTM) A$602K
Revenue growth (YoY) -74.8%
Net margin -278%
Return on equity -24.4%
Free cash flow −A$2.5M FY2025
Operating margin -275%
More key figures
Net cash A$621K FY2025

Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 32 · Market factors (momentum, volatility) 17

Profitability 3
Margins and returns on capital today
Quality Growth 66
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 0
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 0
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

Lincoln Minerals Limited engages in the exploration and development of mineral properties in Australia. It primarily explores for graphite, copper, silver, cobalt, iron ore, uranium, manganese, magnetite, hematite-goethite, zinc, lead, and base metal deposits.

Full company description

Lincoln Minerals Limited engages in the exploration and development of mineral properties in Australia. It primarily explores for graphite, copper, silver, cobalt, iron ore, uranium, manganese, magnetite, hematite-goethite, zinc, lead, and base metal deposits. The company's flagship project includes the Kookaburra Gully graphite project located on the Eyre Peninsula of South Australia. Lincoln Minerals Limited was incorporated in 1974 and is based in Adelaide, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lincoln Minerals Limited reported revenue of A$602K in FY2025 versus A$55.0K in FY2021, a compound +81.9%/yr. Reported net income was −A$2.3M in FY2025.

Growth Quality 24/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$602K
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.
+379.6%
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.
+72.5%
Avg. growth/yr (12Y) 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.
+27.2%
Revenue +81.9%/yr
FY21 A$55.0K
FY22 A$5.5K
FY23 A$0
FY24 A$0
FY25 A$602K
Net income
FY21 −A$745K
FY22 −A$2.0M
FY23 −A$3.6M
FY24 −A$2.7M
FY25 −A$2.3M

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Cite: Fair Value Calculator (2026). "Lincoln Minerals Limited Fair Value". https://www.fairvalue-calculator.com/stock/LML

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 28 · Bottom 25%
Fair Value upside +21% · Top 25%
Return on assets -15% · Bottom 25%
Revenue growth -75% · Bottom 25%

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

P/B 3.25× · Pricier than 75% of peers
P/S (TTM) 34.77× · 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 62 · sector 0
FUTURE 0 · sector 23
PAST 0 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 21

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 11, 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 $14.89 $8.95 -40%
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 Lincoln Minerals Limited (LML) overvalued or undervalued?
As of Jul 11, 2026, our model estimates a fair value of A$0.0085 versus a price of A$0.0070, about +21% (undervalued).
What is the fair value of LML?
Our model-based fair value for Lincoln Minerals Limited is A$0.0085 (as of Jul 11, 2026), built from audited fundamentals. The current price is A$0.0070.
What is the quality score of LML?
Lincoln Minerals Limited has a Quality Score of 28/100. 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 Lincoln Minerals Limited (LML)?
Lincoln Minerals Limited reported trailing-twelve-month revenue of about A$602K (latest available figure, as of Jul 11, 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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