Monument Mining Limited (MMY) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of Monument Mining Limited C$0.38, price C$0.96, upside -60.4%, quality 69 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 27, 2026.
How to read this chart
60‑month range C$0.0590 – C$1.50 · fair‑value band C$0.2400 – C$0.5400 · the C$0.9600 price screens above the C$0.3800 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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Monument Mining Limited engages in the production, exploration, and development of precious metals in Canada, Australia, and Malaysia. The company primarily explores for gold assets.
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Monument Mining Limited engages in the production, exploration, and development of precious metals in Canada, Australia, and Malaysia. The company primarily explores for gold assets. It holds 100% interest in the Selinsing gold mine, which covers an area of 150.3 square kilometers in the Pahang State, Malaysia, and the Murchison gold that covers 232.6 square kilometers in the Murchison area, Western Australia. The company is headquartered in Vancouver, Canada.
Stock analysis
Monument Mining Limited (MMY) currently trades at C$0.9600, while our model-based Fair Value estimate is C$0.3800, implying the stock looks roughly 152.7% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of C$0.4500 per share, and 0 of the 24 models we run sit above the C$0.9600 price.
Bear case: the Earnings-Based group reads lowest at C$0.2800, and 24 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: C$0.2400 (bear) to C$0.5400 (bull), the price of C$0.9600 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 69/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Monument Mining Limited reported revenue of $51.4M in FY2024 versus $29.5M in FY2020, a compound +14.9%/yr. Reported net income was $6.4M in FY2024.
Key figures
Market cap C$331M (≈ $233M) · P/E ratio 3.3 · P/S ratio 0.41 · EPS (TTM) C$0.2900 · Net margin 12.5% · Return on equity 43.0% · Return on assets (EBIT) 3.1% · Operating margin 60.0%.
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 36% below its 52-week high and 63% 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 −60%, MMY screens richer than that median.
Fair Value models
Bear C$0.2400Fair Value C$0.3800Bull C$0.5400
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. 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+315.2%
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.
+30.3%
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.
+19.3%
Revenue growth 22 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.
+26.6%
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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.
13.7% (2019) → 26.6% (2024)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+35.9%
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 +32.8% a year for the price.
Compare Monument Mining Limited with another stock
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 · 233 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score69 · Top 25%
Fair Value upside−60.4% · Below median
Profitability
Return on equity (TTM)43.0% · Top 25%
Return on assets28.9% · Top 25%
Net margin (TTM)44.1% · Top 25%
Operating margin (TTM)60.0% · Top 25%
Growth and dividend
Revenue growth137.0% · Top 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Gold median · lower = cheaper
P/E (TTM)3.3× · Cheapest 25%
P/B1.92× · Cheaper than median
P/S (TTM)1.39× · Cheapest 25%
P/FCF53.8× · Priciest 25%
EV/EBITDA2.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 2
FUTURE (revenue growth)100· sector 100
PAST (return on equity)100· sector 2
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 21
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Monument Mining Limited (MMY) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of C$0.3800 versus a price of C$0.9600, about −60% upside (overvalued).
What is the fair value of MMY?
Our model-based fair value for Monument Mining Limited is C$0.3800 (as of Sep 27, 2026), built from audited fundamentals. The current price: C$0.9600.
What is the quality score of MMY?
Monument Mining Limited has a Quality Score of 69/100. 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 Monument Mining Limited (MMY)?
Our model-based price target is the fair value of C$0.3800 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario C$0.2400, optimistic scenario C$0.5400. It is a calculation from audited fundamentals, not an analyst target.
What is the Monument Mining Limited stock forecast for 2026?
Our models put fair value at C$0.3800, about −60% upside versus a price of C$0.9600 (overvalued). Cautious scenario C$0.2400, optimistic scenario C$0.5400. The calculation is refreshed regularly with new filings.
What growth is priced into Monument Mining Limited (MMY)?
For today's price to be fair in a discounted-cash-flow model, Monument Mining Limited would have to grow free cash flow by +35.9 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +19.3 % per year. As of Sep 27, 2026.
What discount rate (WACC) does the fair value of MMY use?
Our models discount Monument Mining Limited at 12.7 %: a base by market capitalisation (micro), damped by beta 1.08, 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 Monument Mining Limited that is +35.9 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Monument Mining Limited (MMY) delivered so far?
Over the past 5 years revenue at Monument Mining Limited grew +19.3 % a year. The price currently implies +35.9 % 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 Monument Mining Limited (MMY) growing?
The median revenue growth in the sector is +4.4 % a year. That is the yardstick for the growth priced into Monument Mining Limited (+35.9 % 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 Monument Mining Limited (MMY)?
The free-cash-flow yield on the price is 1.86 %: that much free cash flow Monument Mining Limited produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Monument Mining Limited (MMY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Monument Mining Limited it is C$0.3800 per share (as of Sep 27, 2026), against a price of C$0.9600. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Monument Mining Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MMY trades above its calculated fair value: price C$0.9600, fair value C$0.3800, a gap of about −60% (overvalued). 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 MMY?
No. The price is what the market pays today (C$0.9600); the fair value is what the company's own numbers justify (C$0.3800). For Monument Mining Limited the two are C$0.5800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Monument Mining Limited worth?
The market values Monument Mining Limited at about C$331M (market capitalisation, as of Sep 27, 2026). Per share that is C$0.9600; our models calculate a fair value of C$0.3800 per share.
What do the bullish and bearish scenarios say about MMY?
Our models span a range for Monument Mining Limited: cautious scenario C$0.2400, base C$0.3800, optimistic C$0.5400 per share (as of Sep 27, 2026, price C$0.9600). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MMY?
Monument Mining Limited trades at a price-to-earnings ratio of 3.3 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of C$0.3800 is built from several models across several years. Other multiples: P/B 1.9, P/S 1.4, EV/EBITDA 2.0.
How solid is the balance sheet of Monument Mining Limited (MMY)?
Balance-sheet figures for Monument Mining Limited (as of Sep 27, 2026): return on equity 43.0%. They feed the Quality Score of 69/100, which measures business quality independently of the share price.
How far is MMY from its 52-week high?
Monument Mining Limited trades at C$0.9600, about 36% below its 52-week high of C$1.50 and 63% above the low of C$0.5902 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of C$0.3800 is for.
Which stocks are comparable to Monument Mining Limited?
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 Monument Mining Limited stock attractive at the current price?
The data as of Sep 27, 2026: price C$0.9600, calculated fair value C$0.3800 (−60%), Quality Score 69/100, from 24 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 MMY calculated?
We run Monument Mining Limited through 24 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$0.3800, 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 15.9 % above its aggregate fair value. Monument Mining Limited 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 Monument Mining Limited (MMY)?
The closing price on Sep 28, 2026 was C$0.9600. Our model-based fair value is C$0.3800, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Monument Mining Limited right now?
The price sits above even our optimistic bull case (C$0.5400). The favourable scenario is already priced in. 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 but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (C$0.2400 to C$0.5400) leaves room in how you read the outcome.
Key figures of Monument Mining Limited
How large is the market capitalisation of Monument Mining Limited (MMY)?
The market capitalisation of Monument Mining Limited is C$331M (≈ $233M). 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 Monument Mining Limited (MMY)?
The price-to-sales ratio of Monument Mining Limited is 0.41 (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 Monument Mining Limited (MMY)?
Earnings per share at Monument Mining Limited are C$0.2900 (price ÷ EPS = P/E 3.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Monument Mining Limited (MMY)?
The net margin of Monument Mining Limited is 12.5% (fiscal year 2024). 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 Monument Mining Limited (MMY)?
The return on equity (ROE) of Monument Mining Limited is 43.0% (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 Monument Mining Limited (MMY)?
On an EBIT basis the return on assets of Monument Mining Limited is 3.1% (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 Monument Mining Limited (MMY)?
The operating margin of Monument Mining Limited is 60.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Monument Mining Limited (MMY)?
Revenue at Monument Mining Limited is growing +137% versus a year earlier (3y avg +30.3%). 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 Monument Mining Limited (MMY)?
Earnings per share at Monument Mining Limited are growing +555% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Monument Mining Limited (MMY) hold?
Monument Mining Limited holds more cash than debt, $10.4M net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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