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Metals Exploration plc (MTL) Fair Value & Analysis

Basic Materials · GB · Market cap 406M GBX

ME Metals Exploration plc MTL · LSE
Price£0.1210
Fair Value£0.1700
Upside+40.5%
Quality95/100
Evidence: High Range £0.1300 – £0.2100

Fair value as of: Jun 26, 2026

From 24 valuation models · updated 3 days ago

Share price −6.8% over the past month.

Price vs Fair Value (12 months)

£0.1805 £0.1044 Fair Value £0.1700 Jun 2025 Jun 2026

12‑month range £0.1044 – £0.1805 · fair‑value band £0.1300 – £0.2100 · the £0.1210 price screens below the £0.1700 fair value. As of Jun 26, 2026.

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Analysis

Metals Exploration plc (MTL) currently trades at £0.1210, while our model-based Fair Value estimate is £0.1700 — implying the stock looks roughly 40.5% 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, Metals Exploration plc generated revenue of £208M at a net margin of 13.9%. Revenue declined 10.6% year over year. It earns a return on equity of 14.8%. The balance sheet holds a net cash position of £41.2M. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 208M GBX
Revenue growth (YoY) -10.6%
Net margin 13.9%
Return on equity 14.8%
Free cash flow 29.8M GBX FY2025
P/E ratio 13.6
More key figures
Operating margin 30.5%
EPS (TTM) £0.0100
EPS growth (YoY) -81.3%
Net cash 41.2M GBX FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Metals Exploration plc identifies, acquires, explores, and develops mining and processing properties in the United Kingdom, the Philippines, and Nicaragua. The company primarily explores for gold, and precious and base metals. Its flagship property owns 100% interest in the Runruno gold project located north of Manila. Metals Exploration plc was incorporated in 2004 and is based in London, the United Kingdom.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Metals Exploration plc reported revenue of £213M in FY2025 versus £130M in FY2021, a compound +13.1%/yr. Reported net income was £29.5M in FY2025, compounding +27.1%/yr from FY2021.

Revenue +13.1%/yr
FY21 £130M
FY22 £124M
FY23 £167M
FY24 £191M
FY25 £213M
Net income +27.1%/yr
FY21 £11.3M
FY22 £8.8M
FY23 £119M
FY24 £25.6M
FY25 £29.5M

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Similar stocks

6 more Gold stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $141.64 +26%
Zijin Mining Group 601899 ¥27.70 ¥39.42 +42%
Agnico Eagle Mines Limited AEM $166.85 $222.49 +33%
Barrick Mining Corporation B $42.79 $73.15 +71%
Wheaton Precious Metals Corp SII €105.35 €52.47 -50%
AngloGold Ashanti plc AU $78.47 $160.21 +104%

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Frequently asked questions

Is Metals Exploration plc (MTL) undervalued?
As of Jun 26, 2026, our model estimates a fair value of £0.1700 versus a price of £0.1210 — about +40% (undervalued). Model-based estimate, not financial advice.
What is the fair value of MTL?
Our 21-model fair value for Metals Exploration plc is £0.1700 (as of Jun 26, 2026), built from audited fundamentals. The current price is £0.1210.
What is the quality score of MTL?
Metals Exploration plc has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Metals Exploration plc (MTL)?
Metals Exploration plc reported trailing-twelve-month revenue of about £208M (latest available figure, as of Jun 26, 2026).
What is the net profit margin of MTL?
The net profit margin of Metals Exploration plc is about 13.9%, meaning it keeps roughly 13.9% 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.

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