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Mineros S.A (MSA) Fair Value & Analysis

Basic Materials · CA · Market cap C$1.6B

MS Mineros S.A MSA · TO
PriceC$6.29
Fair ValueC$8.95
Upside+42.3%
Quality95/100
Evidence: High Range C$6.71 – C$11.18

Fair value as of: Jun 24, 2026

From 24 valuation models · updated 5 days ago

Share price +9.7% over the past month.

Price vs Fair Value (12 months)

C$7.44 C$2.33 Fair Value C$8.95 Jun 2025 Jun 2026

12‑month range C$2.33 – C$7.44 · fair‑value band C$6.71 – C$11.18 · the C$6.29 price screens below the C$8.95 fair value. As of Jun 24, 2026.

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Analysis

Mineros S.A (MSA) currently trades at C$6.29, while our model-based Fair Value estimate is C$8.95 — implying the stock looks roughly 42.3% undervalued today. We read business quality at 95/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.

Over the trailing twelve months, Mineros S.A generated revenue of C$931M at a net margin of 20.9%. Revenue grew 81.7% year over year. It earns a return on equity of 39.4%. The balance sheet holds a net cash position of C$92.7M. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) C$931M
Revenue growth (YoY) +81.7%
Net margin 20.9%
Return on equity 39.4%
Free cash flow C$129M FY2025
P/E ratio 6.1
More key figures
Operating margin 44.6%
EPS (TTM) C$0.9000
Dividend yield 1.7%
EPS growth (YoY) +131%
Net cash C$92.7M FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Mineros S.A. engages in the exploration, development, and production of gold in Central and South America. It explores for gold and silver deposits. The company holds an interest in the Nechí Alluvial Property covering an area of 473 square kilometers located in the Lower Cauca Region of Antioquia in northwestern Colombia; the Hemco Property that covers an area of 2,270 hectares located in Bonanza, Nicaragua; the La Pepa Project located in the Cavancha, Chile; and option to acquire a 100% interest in a gold exploration project in the Department of Tolima, Colombia. It also engages in hydroelectric power generation activities. The company was formerly known as Mineros de Antioquia S.A. and changed its name to Mineros S.A. in May 2004. Mineros S.A. was incorporated in 1974 and is headquartered in Medellín, Colombia. Mineros S.A. operates as a subsidiary of Sun Valley Investments AG.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mineros S.A reported revenue of C$859M in FY2025 versus C$496M in FY2021, a compound +14.7%/yr. Reported net income was C$156M in FY2025, compounding +37.7%/yr from FY2021.

Revenue +14.7%/yr
FY21 C$496M
FY22 C$529M
FY23 C$447M
FY24 C$539M
FY25 C$859M
Net income +37.7%/yr
FY21 C$43.3M
FY22 C$4.5M
FY23 C$17.2M
FY24 C$86.6M
FY25 C$156M

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Similar stocks

6 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥29.63 ¥43.68 +47%
Agnico Eagle Mines Limited AEM $176.75 $225.34 +27%
Barrick Mining Corporation B $37.19 $70.51 +90%
Wheaton Precious Metals Corp SII €105.35 €52.47 -50%
AngloGold Ashanti plc AU $86.23 $88.63 +3%

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Frequently asked questions

Is Mineros S.A (MSA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of C$8.95 versus a price of C$6.29 — about +42% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MSA?
Our 21-model fair value for Mineros S.A is C$8.95 (as of Jun 24, 2026), built from audited fundamentals. The current price is C$6.29.
What is the quality score of MSA?
Mineros S.A has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Mineros S.A (MSA)?
Mineros S.A reported trailing-twelve-month revenue of about C$931M (latest available figure, as of Jun 24, 2026).
What is the net profit margin of MSA?
The net profit margin of Mineros S.A is about 20.9%, meaning it keeps roughly 20.9% of revenue as net income. Based on the latest reported figures.
Does Mineros S.A pay a dividend?
Mineros S.A currently shows a dividend yield of about 1.72% relative to its recent price (as of Jun 24, 2026).

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.