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Melbana Energy Ltd (MAY) fair value: what the stock is really worth

As of Nov 12, 2026: fair value (intrinsic value) of Melbana Energy Ltd stock A$0.00, price A$0.00, that is 1.0% below the price, quality 23 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Energy AU · ISIN AU000000MAY8

ME Melbana Energy Ltd logo Thin data Nov 10, 2026

Melbana Energy Ltd

MAY · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value A$0.0030 · Fairly valued
Revenue last quarter 73% below a year ago.
Quality 23/100
Weak Growth (revenue 3y −74.5 %/yr in AUD)
High debt
Negative free cash flow
Trails peers (2/7)
Narrow moat 6/100 · thin data
Thin data
⟳ CyclicalEstimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

A$0.1900 A$0.0030 Fair Value A$0.0030 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range A$0.0030 – A$0.1900 · fair‑value band A$0.0030 – A$0.0030 · the A$0.0030 price screens above the A$0.0030 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Melbana Energy Limited engages in the exploration of oil and gas in Cuba and Australia. The company was formerly known as MEO Australia Limited and changed its name to Melbana Energy Limited in November 2016. The company was founded in 1994 and is headquartered in Sydney, Australia.

Stock analysis

Melbana Energy Ltd (MAY) currently trades at A$0.0030, while our estimate is A$0.0030, so the stock looks roughly fairly valued today (gap 1.0%).

Show more

Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0030 (bear) to A$0.0030 (bull), the price of A$0.0030 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 23/100 (below-average quality), in the Energy sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Melbana Energy Ltd reported revenue of A$172K in FY2025 versus A$1.1M in FY2021, a compound −37.2%/yr. Reported net income was −A$50.2M in FY2026.

Key figures

Market cap A$11.3M (≈ $7.8M) Micro · EPS (TTM) A$−0.0100 · Return on equity −148% · Return on assets (EBIT) −7.3% (5-year average) · Operating margin −351,894% · Revenue growth (YoY) −73.2% · EPS growth (YoY) −97.3% · Free cash flow −A$3.9M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 79% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Energy peers we cover trades at 4% fair-value upside, at −1%, MAY screens richer than that median.

Fair Value

Bear A$0.0030 Fair Value A$0.0030 Bull A$0.0030
Price A$0.0030 · Downside -1.0%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 23/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 10
Are margins and returns getting better?
Cashflow 25
Do the profits arrive as real cash?
Financial strength 17
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 17
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−69.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−74.5%
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−2.1%
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.
−3,153,891.9% (2020) → −2,136.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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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.Oil & Gas E&P · 287 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 23 · Bottom 25%
Fair Value upside −1.0% · Above median
Profitability
Return on assets −184.2% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −73.2% · Bottom 25%
Balance sheet
Debt / equity 50.65× · Highest 25%

Valuation Multiplesvs Oil & Gas E&P median · lower = cheaper

P/B 0.97× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)32 · sector 20
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 19
HEALTH (low debt)0 · sector 85
DIVIDEND (yield)0 · sector 72

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Oil & Gas E&P stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Expand Energy Corporation EXE $88.63 $164.80 +86% vs MAY
Diamondback Energy, Inc FANG $180.98 $242.64 +34% vs MAY
CNOOC Limited 0883 HK$22.72 HK$26.80 +18% vs MAY
Canadian Natural Resources Limited CNQ $48.89 $53.78 +10% vs MAY
EQT Corporation EQT $52.69 $54.90 +4% vs MAY
Woodside Energy Group WDS $21.23 $19.51 −8% vs MAY
Devon Energy Corporation DVN $44.95 $40.59 −10% vs MAY
ConocoPhillips explores for, COP $137.86 $92.89 −33% vs MAY
Occidental Petroleum Corporation OXY $57.24 $33.18 −42% vs MAY
Aker BP ASA AKRBP kr 322.20 kr 127.39 −60% vs MAY

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Melbana Energy Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Melbana Energy Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MAY

Frequently asked questions

Is Melbana Energy Ltd (MAY) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0030 versus a price of A$0.0030, about 1% lower (fairly valued).
What is the fair value of MAY?
Our estimate for Melbana Energy Ltd is A$0.0030 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0030.
What is the quality score of MAY?
Melbana Energy Ltd has a Quality Score of 23/100. 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 Melbana Energy Ltd (MAY)?
Our calculated price target is the estimate of A$0.0030 (as of Nov 10, 2026). Cautious scenario A$0.0030, optimistic scenario A$0.0030. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Melbana Energy Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0030, about 1% lower versus a price of A$0.0030 (fairly valued). Cautious scenario A$0.0030, optimistic scenario A$0.0030. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Melbana Energy Ltd (MAY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Melbana Energy Ltd it is A$0.0030 per share (as of Nov 10, 2026), against a price of A$0.0030.
Is Melbana Energy Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, MAY trades above its calculated fair value: price A$0.0030, fair value A$0.0030, 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 MAY?
No. The price is what the market pays today (A$0.0030); the fair value is what the company's own numbers justify (A$0.0030). For Melbana Energy Ltd the two are A$0.0000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Melbana Energy Ltd worth?
The market values Melbana Energy Ltd at about A$11.3M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0030; our models calculate a fair value of A$0.0030 per share.
What do the bullish and bearish scenarios say about MAY?
Our models span a range for Melbana Energy Ltd: cautious scenario A$0.0030, base A$0.0030, optimistic A$0.0030 per share (as of Nov 10, 2026, price A$0.0030). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Melbana Energy Ltd (MAY)?
Balance-sheet figures for Melbana Energy Ltd (as of Nov 10, 2026): return on equity −148.4%. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is MAY from its 52-week high?
Melbana Energy Ltd trades at A$0.0030, about 79% below its 52-week high of A$0.0140 and at the low of A$0.0030 (as of Nov 12, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0030 is for.
Which stocks are comparable to Melbana Energy Ltd?
From the same area (Energy) we also value ConocoPhillips explores for,, CNOOC Limited, Canadian Natural Resources Limited, Diamondback Energy, Inc, 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 Melbana Energy Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0030, calculated fair value A$0.0030 (−1%), Quality Score 23/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0% above its aggregate fair value. Melbana Energy Ltd 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 Melbana Energy Ltd (MAY)?
The closing price on Nov 12, 2026 was A$0.0030. Our estimate is A$0.0030, about 1% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Melbana Energy Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (A$0.0030 to A$0.0030), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Melbana Energy Ltd

How large is the market capitalisation of Melbana Energy Ltd (MAY)?
The market capitalisation of Melbana Energy Ltd is A$11.3M (≈ $7.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Melbana Energy Ltd (MAY)?
Earnings per share at Melbana Energy Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Melbana Energy Ltd (MAY)?
The return on equity (ROE) of Melbana Energy Ltd is −148% (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 Melbana Energy Ltd (MAY)?
On an EBIT basis the return on assets of Melbana Energy Ltd is −7.3% (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 Melbana Energy Ltd (MAY)?
The operating margin of Melbana Energy Ltd is −351,894% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Melbana Energy Ltd (MAY)?
Revenue at Melbana Energy Ltd is growing −73.2% versus a year earlier (3y avg −74.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Melbana Energy Ltd (MAY)?
Earnings per share at Melbana Energy Ltd are growing −97.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Melbana Energy Ltd (MAY) generate?
The free cash flow of Melbana Energy Ltd is −A$3.9M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Melbana Energy Ltd (MAY) hold?
Melbana Energy Ltd holds more cash than debt, A$473K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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