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Mt Malcolm Mines NL (M2M) Fair Value & Analysis

Basic Materials · AU · Market cap A$5.4M

MM Mt Malcolm Mines NL M2M · AU
PriceA$0.0060
Fair ValueA$0.0061
Upside+1.7%
Quality47/100
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Mixed Growth
Loss-making · -54.4% net margin
generates free cash flow
Mixed vs. peers (4/10)
Narrow moat 12/100
Evidence: High Range A$0.0061 – A$0.0061 Share as image

Fair value as of: Jul 13, 2026

From 8 valuation models · updated 28 days ago

Share price −25.0% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from A$0.0061 (bear) to A$0.0061 (bull), base A$0.0061. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 47/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

A$0.1950 A$0.0050 Fair Value A$0.0061 Sep 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

59‑month range A$0.0050 – A$0.1950 · the A$0.0060 price screens below the A$0.0061 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Mt Malcolm Mines NL (M2M) currently trades at A$0.0060, while our model-based Fair Value estimate is A$0.0061, implying the stock looks roughly 1.7% fairly valued today. The Quality Score stands at 47/100 (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: high), always confirm before acting.

Over the trailing twelve months, Mt Malcolm Mines NL generated revenue of A$1.1M at a net margin of -54.4%. It earns a return on equity of -5.3%. Fundamentals as of Jul 13, 2026

The share trades about 79% below its 52-week high and 20% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at 2%, M2M screens richer 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
Residual Income A$0.0100 A$0.0100 76
Growth DCF A$0.0100 A$0.0100 72
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 50
All 8 models by family
DCF Models
FCF DCF A$0.0100 A$0.0100 38
Owner Earnings A$0.0100 31
5Y EBITDA Exit A$0.0100 41
10Y EBITDA Exit A$0.0100 A$0.0100 37
10Y P/E Exit A$0.0100 35
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 50
Growth DCF
Growth DCF A$0.0100 A$0.0100 72
Economic Profit
Residual Income A$0.0100 A$0.0100 76

Widest divergence: DCF Models (A$0.0100) versus DCF Models (A$0.0100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$1.1M
Revenue growth (YoY) +7,362%
Net margin -54.4%
Return on equity -5.3%
Free cash flow A$198K FY2025
Operating margin -47.7%
More key figures
Net cash A$503K FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 51 · Market factors (momentum, volatility) 10

Profitability 14
Margins and returns on capital today
Quality Growth 100
Are margins and returns improving?
Cashflow 75
Earnings quality: real cash, not paper profit
Fin. Strength 56
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 23
Calm price path (market factor)
Momentum 6
Price trend over the last 3–12 months (market factor)
52W Momentum 2
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

Mt Malcolm Mines NL engages in exploration and mining activities in Australia. It primarily explores for gold, lithium, and base metal. The company's flagship project is the Malcolm Gold Project located in Leonora. Mt Malcolm Mines NL was incorporated in 2020 and is based in Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mt Malcolm Mines NL reported revenue of A$1.5M in FY2025 versus A$0 in FY2021. Reported net income was A$30.6K in FY2025.

Growth Quality 80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$1.5M
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.
+310.4%
Revenue
FY21 A$0
FY22 A$21.1K
FY23 A$46.2K
FY24 A$14.2K
FY25 A$1.5M
Net income
FY21 −A$2.9M
FY22 −A$1.4M
FY23 −A$1.3M
FY24 −A$1.2M
FY25 A$30.6K

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Cite: Fair Value Calculator (2026). "Mt Malcolm Mines NL Fair Value". https://www.fairvalue-calculator.com/stock/M2M

Peer Group

Gold · 259 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 47 · Above median
Fair Value upside +2% · Top 25%
Return on assets -3% · Below median
Net margin (TTM) -54% · Bottom 25%
Operating margin (TTM) -48% · Bottom 25%
Revenue growth 7362% · Top 25%

Valuation Multiples vs Gold median · lower = cheaper

P/B 0.36× · Cheaper than 75% of peers
P/S (TTM) 3.62× · Pricier than median
P/FCF 19.4× · Pricier than median

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 36 · sector 0
FUTURE 100 · sector 100
PAST 0 · sector 0
HEALTH 0 · sector 98
DIVIDEND 0 · sector 24

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 Gold stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥28.36 ¥30.58 +8%
Agnico Eagle Mines Limited AEM C$191.93 C$154.33 -20%
Barrick Mining Corporation B $34.93 $50.66 +45%
Wheaton Precious Metals Corp WPM C$152.57 C$52.47 -66%
Franco-Nevada Corporation FNV C$284.75 C$97.76 -66%
AngloGold Ashanti plc AU $76.35 $88.63 +16%
Gold Fields Limited GFI $33.33 $59.06 +77%
Kinross Gold Corporation KGC $22.57 $34.62 +53%
Northern Star Resources Limited NST A$20.48 A$15.98 -22%

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Frequently asked questions

Is Mt Malcolm Mines NL (M2M) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of A$0.0061 versus a price of A$0.0060, about +2% (fairly valued).
What is the fair value of M2M?
Our model-based fair value for Mt Malcolm Mines NL is A$0.0061 (as of Jul 13, 2026), built from audited fundamentals. The current price is A$0.0060.
What is the quality score of M2M?
Mt Malcolm Mines NL has a Quality Score of 47/100. 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 Mt Malcolm Mines NL (M2M)?
Mt Malcolm Mines NL reported trailing-twelve-month revenue of about A$1.1M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of M2M?
The net profit margin of Mt Malcolm Mines NL is about -54.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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