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Morien Resources Corp (MOX) Fair Value & Analysis

Energy · CA · Market cap C$12.3M

MR Morien Resources Corp MOX · V
PriceC$0.1850
Fair ValueC$0.0170
Upside-90.8%
Quality28/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (1/8)
Narrow moat 6/100
Evidence: Low Range C$0.0085 – C$0.0170 Share as image

Fair value as of: Jul 31, 2026

From 1 valuation models · updated 10 days ago

Share price −5.1% over the past month.

Below-average quality, and screening another 91% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (C$0.0170). The favourable scenario is already priced in.
  • Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • A fairly wide model range (C$0.0085 to C$0.0170) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

C$0.8105 C$0.1562 Fair Value C$0.0170 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range C$0.1562 – C$0.8105 · fair‑value band C$0.0085 – C$0.0170 · the C$0.1850 price screens above the C$0.0170 fair value. Dashed = 300-day average. As of Jul 31, 2026.

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Analysis

Morien Resources Corp (MOX) currently trades at C$0.1850, while our model-based Fair Value estimate is C$0.0170, implying the stock looks roughly 90.8% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Energy sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Revenue grew 31.0% year over year. It earns a return on equity of -85.2%. Fundamentals as of Jul 31, 2026

Our scenario range runs from C$0.0085 (bear case) to C$0.0170 (bull case); at C$0.1850, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 46% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at -12% fair-value upside, at -91%, MOX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
NCAV (Graham) C$0.0100 C$0.0100 C$0.0200 50
All 1 models by family
Asset-Based
NCAV (Graham) C$0.0100 C$0.0100 C$0.0200 50

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Key figures & financial health

Revenue growth (YoY) +31.0%
Return on equity -85.2%
Free cash flow −C$571K FY2025
EPS (TTM) C$-0.0100
EPS growth (YoY) +1,000%
Net cash C$373K FY2023

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 34 · Market factors (momentum, volatility) 22

Profitability 12
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 35
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 16
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 10
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral interests and projects in Canada. It holds royalty interests in the Donkin coal mine located in Cape Breton, Nova Scotia; and the Black Point aggregate project situated in Guysborough County, Nova Scotia. Morien Resources Corp.

Full company description

Morien Resources Corp., a mining development company, engages in the identification and purchase of mineral interests and projects in Canada. It holds royalty interests in the Donkin coal mine located in Cape Breton, Nova Scotia; and the Black Point aggregate project situated in Guysborough County, Nova Scotia. Morien Resources Corp. has a strategic partnership with Carver Companies, LLC ("Carver") for the identification and advancement of the Lazy Head Aggregate project. The company was founded in 2012 and is headquartered in Halifax, Canada.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Morien Resources Corp reported revenue of C$22.7K in FY2025 versus C$60.8K in FY2021, a compound −21.8%/yr. Reported net income was −C$543K in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
C$22.7K
Latest YoY
−72.5%
Avg. growth/yr (3Y) 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.
−49.2%
Avg. growth/yr (5Y) 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.
−38.1%
Avg. growth/yr (17Y) 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.
−11.4%
Revenue −21.8%/yr
FY21 C$60.8K
FY22 C$173K
FY23 C$962K
FY24 C$82.4K
FY25 C$22.7K
Net income
FY21 −C$365K
FY22 −C$545K
FY23 −C$308K
FY24 −C$613K
FY25 −C$543K

MOX screens 91% overvalued. Compare with China Shenhua Energy Company →

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Cite: Fair Value Calculator (2026). "Morien Resources Corp Fair Value". https://www.fairvalue-calculator.com/stock/MOX

Peer Group

Thermal Coal · 101 stocks

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.

Quality Score 34 · Bottom 25%
Fair Value upside −91% · Bottom 25%
Return on assets -28% · Bottom 25%
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Bottom 25%
Revenue growth 31% · Top 25%

Valuation Multiples vs Thermal Coal median · lower = cheaper

P/B 6.68× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 22
FUTURE 100 · sector 0
PAST 0 · sector 21
HEALTH 0 · sector 92
DIVIDEND 0 · sector 31

VALUE 0: the price sits above our fair-value range.

Values & ESG

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

Coal Oil & gas

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Thermal Coal stocks, each showing price versus our Fair Value estimate (as of Jul 31, 2026).

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Frequently asked questions

Is Morien Resources Corp (MOX) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of C$0.0170 versus a price of C$0.1850, about −91% (overvalued).
What is the fair value of MOX?
Our model-based fair value for Morien Resources Corp is C$0.0170 (as of Jul 31, 2026), built from audited fundamentals. The current price is C$0.1850.
What is the quality score of MOX?
Morien Resources Corp has a Quality Score of 28/100. 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 net profit margin of MOX?
The net profit margin of Morien Resources Corp is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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