Naos Ex-50 Opportunities Company Ltd (NAC) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Naos Ex-50 Opportunities Company Ltd A$0.53, price A$0.61, upside -13.1%, quality 54 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 A$0.2622 – A$0.8293 · fair‑value band A$0.4000 – A$0.6700 · the A$0.6100 price screens above the A$0.5300 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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NAOS Ex-50 Opportunities Company Limited is a listed investment company launched and managed by NAOS Asset Management Limited. It seeks to invest in the public equity markets across the globe with a focus on Australia. It invests in the value stocks of small and mid-cap companies. NAOS Ex-50 Opportunities Company Limited is domiciled in Australia.
Stock analysis
Naos Ex-50 Opportunities Company Ltd (NAC) currently trades at A$0.6100, while our model-based Fair Value estimate is A$0.5300, implying the stock looks roughly 15.1% overvalued today.
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Valuation
How firm this estimate is: it rests on 9 models at a data quality of 96/100, which puts the evidence level at low.
Scenario range: A$0.4000 (bear) to A$0.6700 (bull), the price of A$0.6100 sits inside 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 54/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Naos Ex-50 Opportunities Company Ltd reported revenue of A$816K in FY2026 versus −A$24.3M in FY2022. Reported net income was −A$3.1M in FY2026.
Key figures
Market cap A$27.9M (≈ $19.7M) · P/E ratio 1.8 · EPS (TTM) A$−0.0700 · Dividend yield 10.3% · Return on equity −9.7% · Return on assets (EBIT) −10.3% · Operating margin 107% · Revenue (TTM) −A$1.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 8% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at −13%, NAC screens richer than that median.
Fair Value models
Bear A$0.4000Fair Value A$0.5300Bull A$0.6700
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.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.12/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−93.1%
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.
−55.7%
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.
−51.1%
Start year 2021 (pandemic). Over 10 years: −17.9% a year
Revenue growth 11 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.
−7.6%
’15
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’20
’21
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’26
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.
93.9% (2021) → −334.2% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Naos Ex-50 Opportunities Company Ltd 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.Asset Management · 657 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score56 · Below median
Fair Value upside−10% · Below median
Profitability
Return on assets−4% · Bottom 25%
Operating margin (TTM)107% · Top 25%
Growth and dividend
Revenue growth−81% · Bottom 25%
Dividend yield (TTM)10.3% · Top 25%
Balance sheet
Debt / equity0.61× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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.
Cite: Fair Value Calculator (2026). "Naos Ex-50 Opportunities Company Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NAC
Frequently asked questions
Is Naos Ex-50 Opportunities Company Ltd (NAC) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.5300 versus a price of A$0.6100, about −13% upside (overvalued).
What is the fair value of NAC?
Our model-based fair value for Naos Ex-50 Opportunities Company Ltd is A$0.5300 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.6100.
What is the quality score of NAC?
Naos Ex-50 Opportunities Company Ltd has a Quality Score of 54/100. 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 Naos Ex-50 Opportunities Company Ltd (NAC)?
Our model-based price target is the fair value of A$0.5300 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario A$0.4000, optimistic scenario A$0.6700. It is a calculation from audited fundamentals, not an analyst target.
What is the Naos Ex-50 Opportunities Company Ltd stock forecast for 2026?
Our models put fair value at A$0.5300, about −13% upside versus a price of A$0.6100 (overvalued). Cautious scenario A$0.4000, optimistic scenario A$0.6700. The calculation is refreshed regularly with new filings.
Does Naos Ex-50 Opportunities Company Ltd pay a dividend?
Naos Ex-50 Opportunities Company Ltd currently shows a dividend yield of about 10.33% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Naos Ex-50 Opportunities Company Ltd (NAC)?
For today's price to be fair in a discounted-cash-flow model, Naos Ex-50 Opportunities Company Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 8.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -51.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of NAC use?
Our models discount Naos Ex-50 Opportunities Company Ltd at 8.3 %: a base by market capitalisation (nano), damped by beta 0.23, country premium for Australia. 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 Naos Ex-50 Opportunities Company Ltd that is less than minus 40 % per year a year over ten years, using the same discount rate (8.3 %) and the same formula as our fair value.
How much growth has Naos Ex-50 Opportunities Company Ltd (NAC) delivered so far?
Over the past 5 years revenue at Naos Ex-50 Opportunities Company Ltd grew -51.1 % a year. The price currently implies less than minus 40 % 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 Naos Ex-50 Opportunities Company Ltd (NAC) growing?
The median revenue growth in the sector is +8.3 % a year. That is the yardstick for the growth priced into Naos Ex-50 Opportunities Company Ltd (less than minus 40 % 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 Naos Ex-50 Opportunities Company Ltd (NAC)?
The free-cash-flow yield on the price is 12.62 %: that much free cash flow Naos Ex-50 Opportunities Company Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Naos Ex-50 Opportunities Company Ltd (NAC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Naos Ex-50 Opportunities Company Ltd it is A$0.5300 per share (as of Sep 23, 2026), against a price of A$0.6100. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Naos Ex-50 Opportunities Company Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, NAC trades above its calculated fair value: price A$0.6100, fair value A$0.5300, a gap of about −13% (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 NAC?
No. The price is what the market pays today (A$0.6100); the fair value is what the company's own numbers justify (A$0.5300). For Naos Ex-50 Opportunities Company Ltd the two are A$0.0800 per share apart. That gap is exactly why we show both numbers side by side.
How much is Naos Ex-50 Opportunities Company Ltd worth?
The market values Naos Ex-50 Opportunities Company Ltd at about A$27.9M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.6100; our models calculate a fair value of A$0.5300 per share.
What do the bullish and bearish scenarios say about NAC?
Our models span a range for Naos Ex-50 Opportunities Company Ltd: cautious scenario A$0.4000, base A$0.5300, optimistic A$0.6700 per share (as of Sep 23, 2026, price A$0.6100). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of NAC?
Naos Ex-50 Opportunities Company Ltd trades at a price-to-earnings ratio of 1.8 (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 A$0.5300 is built from several models across several years. Other multiples: P/B 0.7.
How solid is the balance sheet of Naos Ex-50 Opportunities Company Ltd (NAC)?
Balance-sheet figures for Naos Ex-50 Opportunities Company Ltd (as of Sep 23, 2026): return on equity −9.7%, debt of 0.61 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is NAC from its 52-week high?
Naos Ex-50 Opportunities Company Ltd trades at A$0.6100, about 8% below its 52-week high of A$0.6666 and 22% above the low of A$0.5000 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.5300 is for.
Which stocks are comparable to Naos Ex-50 Opportunities Company Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Naos Ex-50 Opportunities Company Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.6100, calculated fair value A$0.5300 (−13%), Quality Score 54/100, from 2 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 NAC calculated?
We run Naos Ex-50 Opportunities Company Ltd through 2 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 A$0.5300, 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 13.0 % above its aggregate fair value. Naos Ex-50 Opportunities Company Ltd 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 Naos Ex-50 Opportunities Company Ltd (NAC)?
The closing price on Sep 24, 2026 was A$0.6100. Our model-based fair value is A$0.5300, about −13% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Naos Ex-50 Opportunities Company Ltd right now?
Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Naos Ex-50 Opportunities Company Ltd
How large is the market capitalisation of Naos Ex-50 Opportunities Company Ltd (NAC)?
The market capitalisation of Naos Ex-50 Opportunities Company Ltd is A$27.9M (≈ $19.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Naos Ex-50 Opportunities Company Ltd (NAC)?
Earnings per share at Naos Ex-50 Opportunities Company Ltd are A$−0.0700 (price ÷ EPS = P/E 1.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Naos Ex-50 Opportunities Company Ltd (NAC)?
The dividend yield of Naos Ex-50 Opportunities Company Ltd is 10.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the return on equity of Naos Ex-50 Opportunities Company Ltd (NAC)?
The return on equity (ROE) of Naos Ex-50 Opportunities Company Ltd is −9.7% (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 Naos Ex-50 Opportunities Company Ltd (NAC)?
On an EBIT basis the return on assets of Naos Ex-50 Opportunities Company Ltd is −10.3% (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 Naos Ex-50 Opportunities Company Ltd (NAC)?
The operating margin of Naos Ex-50 Opportunities Company Ltd is 107% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Naos Ex-50 Opportunities Company Ltd (NAC) generate?
Naos Ex-50 Opportunities Company Ltd generates revenue of −A$1.6M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Naos Ex-50 Opportunities Company Ltd (NAC)?
Revenue at Naos Ex-50 Opportunities Company Ltd is growing −81.4% versus a year earlier (3y avg −55.7%). 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 Naos Ex-50 Opportunities Company Ltd (NAC)?
Earnings per share at Naos Ex-50 Opportunities Company Ltd are growing −89.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Naos Ex-50 Opportunities Company Ltd (NAC) carry?
The net debt of Naos Ex-50 Opportunities Company Ltd is A$17.0M (fiscal year 2026, ≈ 4.8 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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