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Data-driven stock valuation

Lion Selection Group Ltd (LSX) fair value: what the stock is really worth

We calculate from audited financials what Lion Selection Group Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.

  1. Compare price with fair valuebelow fair value = cheap, above = expensive
  2. Check the quality50 and up solid, 75 and up strong
  3. Watch it or check another stockalert when fair value or trend changes

Basic Materials · AU · Market cap A$124M (≈ $89.4M) · ISIN AU000000LSX4

At a glance

LS Lion Selection Group Ltd LSX · AU
PriceA$0.9300
Fair ValueA$3.19
Upside+243.0%
Quality79/100

A strong business, trading 71% below our fair value of A$3.19.

As of Sep 3, 2026, the fair value of Lion Selection Group Ltd is A$3.19 per share against a price of A$0.9300, so the fair value sits 243% above the price. A model estimate from reported figures, not an analyst target.

!Mixed Growth (revenue 5y +8.0 %/yr)
Highly profitable · 84.0% net margin
Low debt · generates free cash flow
Ranks above peers (12/14)
Wide moat 90/100
!Evidence only low, so the estimate is less certain
!The models disagree: range A$2.25 to A$6.54
Evidence: Low Range A$2.25 to A$6.54

Fair value as of: Sep 3, 2026

From 24 valuation models · updated 5 days ago

Share price +9.4% over the past month.

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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The rarer combination: high quality (79/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (A$2.25). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (A$2.25 to A$6.54). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • 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)

A$1.11 A$0.3156 Fair Value A$3.19 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 3, 2026.

How to read this chart

60‑month range A$0.3156 – A$1.11 · fair‑value band A$2.25 – A$6.54 · the A$0.9300 price screens below the A$3.19 fair value. Dashed = 300-day average. As of Sep 3, 2026.

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Analysis

Lion Selection Group Ltd (LSX) currently trades at A$0.9300, while our model-based Fair Value estimate is A$3.19, implying the stock looks roughly 70.8% undervalued today. The Quality Score stands at 79/100 (high quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of A$11.78 per share, and 16 of the 24 models we run sit above the A$0.9300 price. Bear case: the Asset-Based group reads lowest at A$0.6000, and 8 of the 24 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Lion Selection Group Ltd generated revenue of A$64.5M at a net margin of 84.0%. Revenue grew 89.8% year over year. It earns a return on equity of 41.3%. The balance sheet holds a net cash position of A$8.8M. Fundamentals as of Sep 3, 2026

Scenario range: A$2.25 (bear) to A$6.54 (bull), the price of A$0.9300 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 17% below its 52-week high and 24% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at 243%, LSX screens cheaper than that median.

Fair Value models

Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.3800 per share) are deliberately not added.

Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →

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
FCF DCF A$0.1300 A$0.1600 A$0.2400 78
Growth DCF A$0.1300 A$0.1700 A$0.2300 77
EPV A$2.05 A$2.29 A$2.49 74
All 24 models by family
DCF Models
FCF DCF A$0.1300 A$0.1600 A$0.2400 78
Owner Earnings A$3.11 A$6.05 A$11.18 70
5Y Revenue Exit A$0.3200 A$0.5700 A$1.08 67
5Y EBITDA Exit A$1.60 A$3.15 A$6.19 68
5Y P/E Exit A$2.34 A$5.87 A$10.81 64
10Y Revenue Exit A$0.2400 A$0.5500 A$0.7800 63
10Y EBITDA Exit A$1.05 A$2.90 A$6.32 60
10Y P/E Exit A$1.51 A$4.25 A$9.00 56
Earnings-Based
Graham-Dodd A$1.86 A$12.97 A$18.20 61
Lynch FV A$6.70 A$9.57 A$12.44 59
PEG = 1.0 A$6.70 A$9.57 A$12.44 55
EPV A$2.05 A$2.29 A$2.49 74
Multiples
P/E Multiple A$3.49 A$4.65 A$5.81 63
P/S Multiple A$0.3600 A$0.4900 A$0.6100 58
P/B Multiple A$2.00 A$2.67 A$3.34 55
EV/EBIT A$3.34 A$4.43 A$5.52 66
EV/EBITDA A$2.41 A$3.19 A$3.97 67
EV/Revenue A$0.4000 A$0.5500 A$0.6900 54
Asset-Based
NCAV (Graham) A$0.4500 A$0.6000 A$0.8900 54
Growth DCF
Growth DCF A$0.1300 A$0.1700 A$0.2300 77
Rev-Margin DCF A$0.3500 A$0.6400 A$1.23 67
Economic Profit
Residual Income A$1.47 A$2.03 A$10.99 61
ROIC Compounder A$2.54 A$3.52 A$4.66 69
Growth Earnings
Growth-Adj P/E A$8.24 A$11.78 A$15.31 65

Widest divergence: Growth Earnings (A$11.78) versus Growth DCF (A$0.1700). Highest evidence: FCF DCF (78).

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Key figures & financial health

P/E ratio 2.4
P/S ratio 2.07 P/E × margin
EPS (TTM) A$0.3800 price ÷ EPS = P/E 2.4
Net margin 84.5% FY2025
Return on equity 41.3% TTM
Return on assets (EBIT) 7.7% avg 5y
More key figures
Profitability
Operating margin 95.4% TTM
Growth
Revenue (TTM) A$64.5M TTM
Revenue growth (YoY) +89.8% 3y avg +77.2%
EPS growth (YoY) +86.7%
Balance sheet & cash flow
Free cash flow A$822K FY2025
Net cash A$8.8M FY2025

Figures from reported company fundamentals · as of Sep 3, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 79/100

Of which business quality 72 · Market factors (momentum, volatility) 47

Profitability 76
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 44
Distance to the 52-week high (market factor)
Net Issuance 82
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Lion Selection Group Limited is a Listed Investment Company (LIC) that invests specializes in early stage investment. The fund does not invest in oil or gas mining companies. It primarily invests in precious and base metals mining companies. The fund seeks to make investments in Australia.

Full company description

Lion Selection Group Limited is a Listed Investment Company (LIC) that invests specializes in early stage investment. The fund does not invest in oil or gas mining companies. It primarily invests in precious and base metals mining companies. The fund seeks to make investments in Australia. The fund seeks to invest in projects that are close to development or with exposure to advanced exploration. It seeks to make investments not exceeding 30% of its capital and 3"5 year investment horizon. Lion Selection Group Limited is based in Melbourne, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lion Selection Group Ltd reported revenue of A$46.4M in FY2025 versus A$93.0K in FY2021, a compound +372.5%/yr. Reported net income was A$39.2M in FY2025.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$46.4M
Latest YoY
+1,268.9%
Avg. revenue 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.
+77.2%
Avg. revenue 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.
+8.0%
Avg. revenue growth/yr (16Y) 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.
+6.4%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
≈ +8.9%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+8.9%
Dividend yield0.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 8.9% vs 10Y 10.4%, steady
Operating margin (EBIT) 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.94.7% (2020) → 96.3% (2025) · rising
Worst earnings drop189% (2018) (loss year, drop beyond 100%) · in AUD
⚠ Final year 2025 sits 3,386% above trend (one-off), rate approximate
Revenue +372.5%/yr
FY21 A$93.0K
FY22 A$8.3M
FY23 A$2.1M
FY24 A$3.4M
FY25 A$46.4M
Net income
FY21 −A$5.9M
FY22 A$9.0M
FY23 A$581K
FY24 A$1.1M
FY25 A$39.2M

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Cite: Fair Value Calculator (2026). "Lion Selection Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/LSX.AU

Peer Group

Gold · 246 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
Quality Score 79 · Top 25%
Fair Value upside +5% · Top 25%
Profitability
Return on equity (TTM) 41% · Top 25%
Return on assets 28% · Top 25%
Net margin (TTM) 84% · Top 25%
Operating margin (TTM) 95% · Top 25%
Growth and dividend
Revenue growth 90% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 2.4× · Cheapest 25%
P/B 0.70× · Cheapest 25%
P/S (TTM) 1.38× · Cheapest 25%
P/FCF 108.6× · Priciest 25%
EV/EBITDA 1.3× · Cheapest 25%

What the price implies (reverse DCF)

The inverse question: what free-cash-flow growth must Lion Selection Group Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.

Implied FCF growth, 10 years+35.7 % per year
Achieved revenue growth, 5 years+8.0 % p.a.
Sector median revenue growth+3.2 %
FCF yield on price0.62 %
Discount rate (WACC) in the models11.3 %

The price demands an acceleration versus past growth: a high bar the company still has to clear. Ranking of the largest stocks →

Context: sector, industry, market

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 0
FUTURE100 · sector 100
PAST100 · sector 0
HEALTH100 · sector 98
DIVIDEND0 · 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

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Sep 3, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $41.23 $50.66 +23%
Franco-Nevada Corporation FNV $266.18 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
AngloGold Ashanti plc AU $97.92 $88.63 −9%
Kinross Gold Corporation K C$38.29 C$34.62 −10%
Royal Gold, Inc RGLD $262.85 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%

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Frequently asked questions

Is Lion Selection Group Ltd (LSX) overvalued or undervalued?
As of Sep 3, 2026, our model estimates a fair value of A$3.19 versus a price of A$0.9300, about +243% upside (undervalued).
What is the fair value of LSX?
Our model-based fair value for Lion Selection Group Ltd is A$3.19 (as of Sep 3, 2026), built from audited fundamentals. The current price: A$0.9300.
What is the quality score of LSX?
Lion Selection Group Ltd has a Quality Score of 79/100. 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 Lion Selection Group Ltd (LSX)?
Our model-based price target is the fair value of A$3.19 (as of Sep 3, 2026) from 24 valuation models. Cautious scenario A$2.25, optimistic scenario A$6.54. It is a calculation from audited fundamentals, not an analyst target.
What is the Lion Selection Group Ltd stock forecast for 2026?
Our models put fair value at A$3.19, about +243% upside versus a price of A$0.9300 (undervalued). Cautious scenario A$2.25, optimistic scenario A$6.54. The calculation is refreshed regularly with new filings.
What is the revenue of Lion Selection Group Ltd (LSX)?
Lion Selection Group Ltd reported trailing-twelve-month revenue of about A$64.5M (latest available figure, as of Sep 3, 2026).
What is the net profit margin of LSX?
The net profit margin of Lion Selection Group Ltd is about 84.0%, meaning it keeps roughly 84.0% of revenue as net income. Based on the latest reported figures.
What growth is priced into Lion Selection Group Ltd (LSX)?
For today's price to be fair in a discounted-cash-flow model, Lion Selection Group Ltd would have to grow free cash flow by +35.7 % per year for ten years (discount rate 11.3 %, then 2 % perpetual growth). Over the last 5 years revenue grew +8.0 % per year. As of Sep 3, 2026.
What discount rate (WACC) does the fair value of LSX use?
Our models discount Lion Selection Group Ltd at 11.3 %: a base by market capitalisation (micro), damped by beta 0.61. The same rate applies in all 26 models.
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