MT Malcolm Mines NL (M2M) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of MT Malcolm Mines NL A$0.01, price A$0.01, upside -1.4%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.0050 – A$0.1950 · the A$0.0070 price screens above the A$0.0069 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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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.
Stock analysis
MT Malcolm Mines NL (M2M) currently trades at A$0.0070, while our model-based Fair Value estimate is A$0.0069, implying the stock looks roughly 1.5% fairly valued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of A$0.0100 per share, and 7 of the 7 models we run sit above the A$0.0070 price.
Bear case: the DCF Models group reads lowest at A$0.0100, and 0 of the 7 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
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.
Key figures
Market cap A$7.0M (≈ $4.9M) · P/S ratio 6.59 · Net margin 2.1% · Return on equity −5.3% · Return on assets (EBIT) −15.7% · Operating margin −47.7% · Revenue (TTM) A$1.1M · Revenue growth (YoY) +73.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 73% below its 52-week high and 40% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 14% fair-value upside, at −1%, M2M screens richer than that median.
Fair Value models
Bear A$0.0069Fair Value A$0.0069Bull A$0.0069
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.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.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Profit margin (trend) ⓘ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.
−6,600.6% (2022) → 0.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−19.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −21.6% a year for the price.
Price, fair value, quality and upside side by side.
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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.Gold · 238 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score49 · Above median
Fair Value upside−14% · Above median
Profitability
Return on assets−3% · Below median
Net margin (TTM)−54% · Bottom 25%
Operating margin (TTM)−48% · Bottom 25%
Growth and dividend
Revenue growth74% · Above median
Valuation Multiplesvs Gold median · lower = cheaper
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Is MT Malcolm Mines NL (M2M) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0069 versus a price of A$0.0070, about −1% upside (fairly valued).
What is the fair value of M2M?
Our model-based fair value for MT Malcolm Mines NL is A$0.0069 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0070.
What is the quality score of M2M?
MT Malcolm Mines NL has a Quality Score of 49/100. 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 MT Malcolm Mines NL (M2M)?
Our model-based price target is the fair value of A$0.0069 (as of Sep 23, 2026) from 10 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the MT Malcolm Mines NL stock forecast for 2026?
Our models put fair value at A$0.0069, about −1% upside versus a price of A$0.0070 (fairly valued). The calculation is refreshed regularly with new filings.
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 Sep 23, 2026).
What growth is priced into MT Malcolm Mines NL (M2M)?
For today's price to be fair in a discounted-cash-flow model, MT Malcolm Mines NL would have to grow free cash flow by -19.3 % per year for five years (discount rate 10.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 3 years revenue grew +310.4 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of M2M use?
Our models discount MT Malcolm Mines NL at 10.0 %: a base by market capitalisation (nano), damped by beta 1.19, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For MT Malcolm Mines NL that is -19.3 % per year a year over ten years, using the same discount rate (10.0 %) and the same formula as our fair value.
How much growth has MT Malcolm Mines NL (M2M) delivered so far?
Over the past 3 years revenue at MT Malcolm Mines NL grew +310.4 % a year. The price currently implies -19.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of MT Malcolm Mines NL (M2M) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into MT Malcolm Mines NL (-19.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of MT Malcolm Mines NL (M2M)?
The free-cash-flow yield on the price is 11.51 %: that much free cash flow MT Malcolm Mines NL produces per unit of market value. When it exceeds the discount rate of our models (10.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of MT Malcolm Mines NL (M2M)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MT Malcolm Mines NL it is A$0.0069 per share (as of Sep 23, 2026), against a price of A$0.0070. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is MT Malcolm Mines NL stock overvalued or undervalued in 2026?
As of Sep 23, 2026, M2M trades above its calculated fair value: price A$0.0070, fair value A$0.0069, a gap of about −1% (fairly valued). 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 M2M?
No. The price is what the market pays today (A$0.0070); the fair value is what the company's own numbers justify (A$0.0069). For MT Malcolm Mines NL the two are A$0.0001 per share apart. That gap is exactly why we show both numbers side by side.
How much is MT Malcolm Mines NL worth?
The market values MT Malcolm Mines NL at about A$7.0M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0070; our models calculate a fair value of A$0.0069 per share.
How solid is the balance sheet of MT Malcolm Mines NL (M2M)?
Balance-sheet figures for MT Malcolm Mines NL (as of Sep 23, 2026): return on equity −5.3%. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is M2M from its 52-week high?
MT Malcolm Mines NL trades at A$0.0070, about 73% below its 52-week high of A$0.0260 and 40% above the low of A$0.0050 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0069 is for.
Which stocks are comparable to MT Malcolm Mines NL?
From the same area (Basic Materials) we also value Zijin Mining Group, Newmont Corporation, Agnico Eagle Mines Limited, Barrick Mining Corporation, 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 MT Malcolm Mines NL stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0070, calculated fair value A$0.0069 (−1%), Quality Score 49/100, from 10 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 M2M calculated?
We run MT Malcolm Mines NL through 10 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 A$0.0069, 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 13.0 % above its aggregate fair value. MT Malcolm Mines NL 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 MT Malcolm Mines NL (M2M)?
The closing price on Sep 24, 2026 was A$0.0070. Our model-based fair value is A$0.0069, about −1% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MT Malcolm Mines NL right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of MT Malcolm Mines NL
How large is the market capitalisation of MT Malcolm Mines NL (M2M)?
The market capitalisation of MT Malcolm Mines NL is A$7.0M (≈ $4.9M). 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 is the P/S ratio of MT Malcolm Mines NL (M2M)?
The price-to-sales ratio of MT Malcolm Mines NL is 6.59 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of MT Malcolm Mines NL (M2M)?
The net margin of MT Malcolm Mines NL is 2.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of MT Malcolm Mines NL (M2M)?
The return on equity (ROE) of MT Malcolm Mines NL is −5.3% (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 MT Malcolm Mines NL (M2M)?
On an EBIT basis the return on assets of MT Malcolm Mines NL is −15.7% (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.
What is the operating margin of MT Malcolm Mines NL (M2M)?
The operating margin of MT Malcolm Mines NL is −47.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MT Malcolm Mines NL (M2M)?
Revenue at MT Malcolm Mines NL is growing +73.6% versus a year earlier (3y avg +310%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does MT Malcolm Mines NL (M2M) hold?
MT Malcolm Mines NL holds more cash than debt, A$503K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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