Meeka Metals Ltd (MEK) fair value: what the stock is really worth
As of Oct 5, 2026: fair value of Meeka Metals Ltd A$0.20, price A$0.09, upside +122.6%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range A$0.0280 – A$0.3050 · fair‑value band A$0.1539 – A$0.2544 · the A$0.0900 price screens below the A$0.2003 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 4, 2026.
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Meeka Metals Limited engages in the exploration and development of gold properties in Western Australia. The company flagship property is the 100% owned Murchison Gold project located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022.
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Meeka Metals Limited engages in the exploration and development of gold properties in Western Australia. The company flagship property is the 100% owned Murchison Gold project located in the prolific Murchison Gold Fields, Western Australia. The company was formerly known as Meeka Gold Limited and changed its name to Meeka Metals Limited in July 2022. Meeka Metals Limited is based in West Perth, Australia.
Stock analysis
Meeka Metals Ltd (MEK) currently trades at A$0.0900, while our model-based Fair Value estimate is A$0.2003, implying the stock looks roughly 55.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of A$0.6400 per share, and 11 of the 14 models we run sit above the A$0.0900 price.
Bear case: the Asset-Based group reads lowest at A$0.0400, and 3 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: A$0.1539 (bear) to A$0.2544 (bull), the price of A$0.0900 sits below 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 52/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Meeka Metals Ltd reported revenue of A$161M in FY2026 versus A$30.0K in FY2022, a compound +755.6%/yr. Reported net income was A$51.3M in FY2026.
Key figures
Market cap A$312M (≈ $217M) · P/E ratio 4.5 · P/S ratio 1.44 · EPS (TTM) A$0.0200 · Net margin 31.9% · Return on equity 28.4% · Return on assets (EBIT) −0.1% · Operating margin 31.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 70% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at 123%, MEK screens cheaper than that median.
Fair Value models
Bear A$0.1539Fair Value A$0.2003Bull A$0.2544
Price A$0.0900 · Upside +122.6%
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. Based on fiscal year 2026 figures (about 3 months old). Earnings retained since then (A$0.0053 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.54/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+11,505.9%
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.
+829.8%
Revenue growth 5 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.
+466.5%
Start year 2021 (pandemic). Over 10 years: +133.1% a year
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.
+6.9%
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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.
−12,582.6% (2021) → 40.6% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: no profitable base year
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 · 217 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+120.1% · Top 25%
Profitability
Return on equity (TTM)28.4% · Top 25%
Return on assets17.7% · Top 25%
Net margin (TTM)31.9% · Above median
Operating margin (TTM)31.3% · Below median
Growth and dividend
Revenue growth20.7% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
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Is Meeka Metals Ltd (MEK) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of A$0.2003 versus a price of A$0.0900, about +123% upside (undervalued).
What is the fair value of MEK?
Our model-based fair value for Meeka Metals Ltd is A$0.2003 (as of Oct 4, 2026), built from audited fundamentals. The current price: A$0.0900.
What is the quality score of MEK?
Meeka Metals Ltd has a Quality Score of 52/100. 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 Meeka Metals Ltd (MEK)?
Our model-based price target is the fair value of A$0.2003 (as of Oct 4, 2026) from 14 valuation models. Cautious scenario A$0.1539, optimistic scenario A$0.2544. It is a calculation from audited fundamentals, not an analyst target.
What is the Meeka Metals Ltd stock forecast for 2026?
Our models put fair value at A$0.2003, about +123% upside versus a price of A$0.0900 (undervalued). Cautious scenario A$0.1539, optimistic scenario A$0.2544. The calculation is refreshed regularly with new filings.
What is the revenue of Meeka Metals Ltd (MEK)?
Meeka Metals Ltd reported trailing-twelve-month revenue of about A$161M (latest available figure, as of Oct 4, 2026).
What is the intrinsic value of Meeka Metals Ltd (MEK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Meeka Metals Ltd it is A$0.2003 per share (as of Oct 4, 2026), against a price of A$0.0900. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Meeka Metals Ltd stock overvalued or undervalued in 2026?
As of Oct 4, 2026, MEK trades below its calculated fair value: price A$0.0900, fair value A$0.2003, a gap of about +123% (undervalued). 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 MEK?
No. The price is what the market pays today (A$0.0900); the fair value is what the company's own numbers justify (A$0.2003). For Meeka Metals Ltd the two are A$0.1103 per share apart. That gap is exactly why we show both numbers side by side.
How much is Meeka Metals Ltd worth?
The market values Meeka Metals Ltd at about A$312M (market capitalisation, as of Oct 4, 2026). Per share that is A$0.0900; our models calculate a fair value of A$0.2003 per share.
What do the bullish and bearish scenarios say about MEK?
Our models span a range for Meeka Metals Ltd: cautious scenario A$0.1539, base A$0.2003, optimistic A$0.2544 per share (as of Oct 4, 2026, price A$0.0900). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MEK?
Meeka Metals Ltd trades at a price-to-earnings ratio of 4.5 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.2003 is built from several models across several years. Other multiples: P/B 1.0, P/S 1.3, EV/EBITDA 1.6.
How solid is the balance sheet of Meeka Metals Ltd (MEK)?
Balance-sheet figures for Meeka Metals Ltd (as of Oct 4, 2026): return on equity 28.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is MEK from its 52-week high?
Meeka Metals Ltd trades at A$0.0900, about 70% below its 52-week high of A$0.3050 and 1% above the low of A$0.0890 (as of Oct 5, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.2003 is for.
Which stocks are comparable to Meeka Metals Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 Meeka Metals Ltd stock attractive at the current price?
The data as of Oct 4, 2026: price A$0.0900, calculated fair value A$0.2003 (+123%), Quality Score 52/100, from 14 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 MEK calculated?
We run Meeka Metals Ltd through 14 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$0.2003, 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 15.0 % above its aggregate fair value. Meeka Metals Ltd currently trades 55 % below its own fair value, and the market average says nothing about that. 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 Meeka Metals Ltd (MEK)?
The closing price on Oct 5, 2026 was A$0.0900. Our model-based fair value is A$0.2003, about +123% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Meeka Metals Ltd right now?
The price is below even our cautious bear case (A$0.1539). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Meeka Metals Ltd
How large is the market capitalisation of Meeka Metals Ltd (MEK)?
The market capitalisation of Meeka Metals Ltd is A$312M (≈ $217M). 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 Meeka Metals Ltd (MEK)?
The price-to-sales ratio of Meeka Metals Ltd is 1.44 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Meeka Metals Ltd (MEK)?
Earnings per share at Meeka Metals Ltd are A$0.0200 (price ÷ EPS = P/E 4.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Meeka Metals Ltd (MEK)?
The net margin of Meeka Metals Ltd is 31.9% (fiscal year 2026). 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 Meeka Metals Ltd (MEK)?
The return on equity (ROE) of Meeka Metals Ltd is 28.4% (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 Meeka Metals Ltd (MEK)?
On an EBIT basis the return on assets of Meeka Metals Ltd is −0.1% (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 Meeka Metals Ltd (MEK)?
The operating margin of Meeka Metals Ltd is 31.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Meeka Metals Ltd (MEK)?
Revenue at Meeka Metals Ltd is growing +20.7% versus a year earlier (3y avg +830%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Meeka Metals Ltd (MEK) generate?
The free cash flow of Meeka Metals Ltd is −A$17.2M (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 Meeka Metals Ltd (MEK) hold?
Meeka Metals Ltd holds more cash than debt, A$18.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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