Majestic Gold Corp. (MJS) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Majestic Gold Corp. C$0.20, price C$0.10, upside +100.0%, quality 45 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 C$0.0441 – C$0.2200 · fair‑value band C$0.1400 – C$0.2600 · the C$0.1000 price screens below the C$0.2000 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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Majestic Gold Corp., a mining company, focuses on exploration, development, and operation of mining properties in China. The company primarily explores for gold ores. The company was incorporated in 1986 and is headquartered in Surrey, Canada.
Stock analysis
Majestic Gold Corp. (MJS) currently trades at C$0.1000, while our model-based Fair Value estimate is C$0.2000, implying the stock looks roughly 50.0% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of C$0.1900 per share, and 21 of the 23 models we run sit above the C$0.1000 price.
Bear case: the Economic Profit group reads lowest at C$0.0900, and 2 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: C$0.1400 (bear) to C$0.2600 (bull), the price of C$0.1000 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 45/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Majestic Gold Corp. reported revenue of $89.3M in FY2025 versus $38.4M in FY2021, a compound +23.4%/yr. Reported net income was $6.7M in FY2025, compounding −3.3%/yr from FY2021.
Key figures
Market cap C$125M (≈ $88.7M) · P/E ratio 10.0 · P/S ratio 0.76 · EPS (TTM) C$0.0100 · Net margin 7.6% · Return on equity 9.1% · Return on assets (EBIT) 12.9% · Operating margin 55.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 55% below its 52-week high and 11% 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 100%, MJS screens cheaper than that median.
Fair Value models
Bear C$0.1400Fair Value C$0.2000Bull C$0.2600
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 2025 figures (about 9 months old). Earnings retained since then (C$0.0073 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.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+25.8%
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.
+12.0%
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.
+11.3%
Start year 2020 (pandemic). Over 10 years: +14.7% a year
Revenue growth 15 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.
+20.4%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−9.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.9%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘ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.46% → 39%
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).
−0.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about −2.9% 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 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Above median
Fair Value upside+100% · Top 25%
Profitability
Return on equity (TTM)9% · Above median
Return on assets8% · Above median
Net margin (TTM)7% · Below median
Operating margin (TTM)55% · Top 25%
Growth and dividend
Revenue growth21% · Below median
Dividend yield (TTM)6.0% · Top 25%
Valuation Multiplesvs Gold median · lower = cheaper
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Is Majestic Gold Corp. (MJS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$0.2000 versus a price of C$0.1000, about +100% upside (undervalued).
What is the fair value of MJS?
Our model-based fair value for Majestic Gold Corp. is C$0.2000 (as of Sep 23, 2026), built from audited fundamentals. The current price: C$0.1000.
What is the quality score of MJS?
Majestic Gold Corp. has a Quality Score of 45/100. 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 Majestic Gold Corp. (MJS)?
Our model-based price target is the fair value of C$0.2000 (as of Sep 23, 2026) from 23 valuation models. Cautious scenario C$0.1400, optimistic scenario C$0.2600. It is a calculation from audited fundamentals, not an analyst target.
What is the Majestic Gold Corp. stock forecast for 2026?
Our models put fair value at C$0.2000, about +100% upside versus a price of C$0.1000 (undervalued). Cautious scenario C$0.1400, optimistic scenario C$0.2600. The calculation is refreshed regularly with new filings.
What is the revenue of Majestic Gold Corp. (MJS)?
Majestic Gold Corp. reported trailing-twelve-month revenue of about $93.3M (latest available figure, as of Sep 23, 2026).
What growth is priced into Majestic Gold Corp. (MJS)?
For today's price to be fair in a discounted-cash-flow model, Majestic Gold Corp. would have to grow free cash flow by -0.6 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of MJS use?
Our models discount Majestic Gold Corp. at 13.9 %: a base by market capitalisation (micro), damped by beta 1.43, country premium for Canada. 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 Majestic Gold Corp. that is -0.6 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Majestic Gold Corp. (MJS) delivered so far?
Over the past 5 years revenue at Majestic Gold Corp. grew +11.3 % a year. The price currently implies -0.6 % 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 Majestic Gold Corp. (MJS) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Majestic Gold Corp. (-0.6 % 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 Majestic Gold Corp. (MJS)?
The free-cash-flow yield on the price is 15.30 %: that much free cash flow Majestic Gold Corp. produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Majestic Gold Corp. (MJS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Majestic Gold Corp. it is C$0.2000 per share (as of Sep 23, 2026), against a price of C$0.1000. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Majestic Gold Corp. stock overvalued or undervalued in 2026?
As of Sep 23, 2026, MJS trades below its calculated fair value: price C$0.1000, fair value C$0.2000, a gap of about +100% (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 MJS?
No. The price is what the market pays today (C$0.1000); the fair value is what the company's own numbers justify (C$0.2000). For Majestic Gold Corp. the two are C$0.1000 per share apart. That gap is exactly why we show both numbers side by side.
How much is Majestic Gold Corp. worth?
The market values Majestic Gold Corp. at about C$125M (market capitalisation, as of Sep 23, 2026). Per share that is C$0.1000; our models calculate a fair value of C$0.2000 per share.
What do the bullish and bearish scenarios say about MJS?
Our models span a range for Majestic Gold Corp.: cautious scenario C$0.1400, base C$0.2000, optimistic C$0.2600 per share (as of Sep 23, 2026, price C$0.1000). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MJS?
Majestic Gold Corp. trades at a price-to-earnings ratio of 10.0 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$0.2000 is built from several models across several years. Other multiples: P/B 0.6, P/S 1.0, EV/EBITDA 1.6.
How solid is the balance sheet of Majestic Gold Corp. (MJS)?
Balance-sheet figures for Majestic Gold Corp. (as of Sep 23, 2026): return on equity 9.1%. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is MJS from its 52-week high?
Majestic Gold Corp. trades at C$0.1000, about 55% below its 52-week high of C$0.2200 and 11% above the low of C$0.0900 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.2000 is for.
Which stocks are comparable to Majestic Gold Corp.?
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 Majestic Gold Corp. stock attractive at the current price?
The data as of Sep 23, 2026: price C$0.1000, calculated fair value C$0.2000 (+100%), Quality Score 45/100, from 23 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 MJS calculated?
We run Majestic Gold Corp. through 23 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 C$0.2000, 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 14.1 % above its aggregate fair value. Majestic Gold Corp. currently trades 100 % 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 Majestic Gold Corp. (MJS)?
The closing price on Sep 23, 2026 was C$0.1000. Our model-based fair value is C$0.2000, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Majestic Gold Corp. right now?
The price is below even our cautious bear case (C$0.1400). 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 (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (C$0.1400 to C$0.2600) leaves room in how you read the outcome.
Key figures of Majestic Gold Corp.
How large is the market capitalisation of Majestic Gold Corp. (MJS)?
The market capitalisation of Majestic Gold Corp. is C$125M (≈ $88.7M). 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 Majestic Gold Corp. (MJS)?
The price-to-sales ratio of Majestic Gold Corp. is 0.76 (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 Majestic Gold Corp. (MJS)?
Earnings per share at Majestic Gold Corp. are C$0.0100 (price ÷ EPS = P/E 10.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Majestic Gold Corp. (MJS)?
The net margin of Majestic Gold Corp. is 7.6% (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 Majestic Gold Corp. (MJS)?
The return on equity (ROE) of Majestic Gold Corp. is 9.1% (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 Majestic Gold Corp. (MJS)?
On an EBIT basis the return on assets of Majestic Gold Corp. is 12.9% (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 Majestic Gold Corp. (MJS)?
The operating margin of Majestic Gold Corp. is 55.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Majestic Gold Corp. (MJS)?
Revenue at Majestic Gold Corp. is growing +20.9% versus a year earlier (3y avg +12.0%). 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 Majestic Gold Corp. (MJS)?
Earnings per share at Majestic Gold Corp. are growing −3.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Majestic Gold Corp. (MJS) carry?
The net debt of Majestic Gold Corp. is $26.0M (fiscal year 2025, ≈ 2.3 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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