Noumi Limited (NOUMF) fair value: what the stock is really worth
As of Sep 25, 2026: fair value of Noumi Limited $0.07, price $0.07, upside -6.4%, quality 52 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 24, 2026.
How to read this chart
60‑month range $0.0500 – $0.3500 · fair‑value band $0.0582 – $0.0755 · the $0.0700 price screens above the $0.0655 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Noumi Limited develops, sources, manufactures, markets, sells, and distributes plant-based and dairy beverages and dairy and nutritional products in Australia, New Zealand, China, Southeast Asia, South Africa, and the Middle East. It operates through Dairy & Nutritionals and Plant-based Milks segments.
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Noumi Limited develops, sources, manufactures, markets, sells, and distributes plant-based and dairy beverages and dairy and nutritional products in Australia, New Zealand, China, Southeast Asia, South Africa, and the Middle East. It operates through Dairy & Nutritionals and Plant-based Milks segments. The company offers full cream, skim, low fat, lactose-free, flavoured, and fortified/specialty milk; cream; protein drinks; dietary enhancements; and nutritional powders. It also provides long-life plant-based milk products, such as soy, almond, rice, macadamia, coconut, cashew, and others; liquid cooking stocks and meal bases; and on-the-go beverages, which include breakfast drinks, meal replacements, smoothies, and juices. The company sells its products under the Milklab, Australia's Own, Vital Strength, PUREnFERRIN, Crankt, Uprotein, So Natural, Vitalife, PUREnWPC, PUREnMCC, and Noumi Nutritionals brands. It exports its products. Noumi Limited was formerly known as Freedom Foods Group Limited and changed its name to Noumi Limited in November 2021. The company was incorporated in 1984 and is headquartered in Ingleburn, Australia. Noumi Limited is a subsidiary of Arrovest Pty Limited.
Stock analysis
Noumi Limited (NOUMF) currently trades at $0.0700, while our model-based Fair Value estimate is $0.0655, so the stock looks roughly fairly valued today (gap 6.9%).
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Valuation
How firm this estimate is: it rests on 9 models at a data quality of 89/100, which puts the evidence level at low.
Scenario range: $0.0582 (bear) to $0.0755 (bull), the price of $0.0700 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 52/100 (solid quality), in the Consumer Defensive sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Noumi Limited reported revenue of A$596M in FY2025 versus A$559M in FY2021, a compound +1.6%/yr. Reported net income was −A$150M in FY2025.
Key figures
Market cap $19.4M · P/S ratio 0.03 · EPS (TTM) $−0.2300 · Net margin −25.2% · Return on assets (EBIT) 1.4% · Operating margin 8.8% · Revenue (TTM) A$629M · Revenue growth (YoY) +11.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at 3% fair-value upside, at −6%, NOUMF screens richer than that median.
Fair Value models
Bear $0.0582Fair Value $0.0655Bull $0.0755
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.28/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+1.0%
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.
+4.5%
’21
’22
’23
’24
’25
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.
−8.0% (2021) → 7.9% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Packaged Foods · 646 stocks
Beats the industry median on 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−6.4% · Below median
Profitability
Return on equity (TTM)Negative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets11.3% · Top 25%
Net margin (TTM)−14.6% · Bottom 25%
Operating margin (TTM)8.8% · Above median
Growth and dividend
Revenue growth11.2% · Above median
Balance sheet
Debt / equityNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Valuation Multiplesvs Packaged Foods median · lower = cheaper
P/BNegative equity ⓘThe company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/S (TTM)0.03× · Cheapest 25%
P/FCF0.7× · Cheapest 25%
EV/EBITDA1.0× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)25· sector 33
FUTURE (revenue growth)56· sector 19
PAST (return on equity)0· sector 30
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 58
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
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). "Noumi Limited Fair Value". https://www.fairvalue-calculator.com/stock/NOUMF
Frequently asked questions
Is Noumi Limited (NOUMF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $0.0655 versus a price of $0.0700, about −6% upside (fairly valued).
What is the fair value of NOUMF?
Our model-based fair value for Noumi Limited is $0.0655 (as of Sep 24, 2026), built from audited fundamentals. The current price: $0.0700.
What is the quality score of NOUMF?
Noumi Limited has a Quality Score of 52/100. 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 Noumi Limited (NOUMF)?
Our model-based price target is the fair value of $0.0655 (as of Sep 24, 2026) from 9 valuation models. Cautious scenario $0.0582, optimistic scenario $0.0755. It is a calculation from audited fundamentals, not an analyst target.
What is the Noumi Limited stock forecast for 2026?
Our models put fair value at $0.0655, about −6% upside versus a price of $0.0700 (fairly valued). Cautious scenario $0.0582, optimistic scenario $0.0755. The calculation is refreshed regularly with new filings.
What is the revenue of Noumi Limited (NOUMF)?
Noumi Limited reported trailing-twelve-month revenue of about A$629M (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Noumi Limited (NOUMF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Noumi Limited it is $0.0655 per share (as of Sep 24, 2026), against a price of $0.0700. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Noumi Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, NOUMF trades above its calculated fair value: price $0.0700, fair value $0.0655, a gap of about −6% (fairly valued). 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 NOUMF?
No. The price is what the market pays today ($0.0700); the fair value is what the company's own numbers justify ($0.0655). For Noumi Limited the two are $0.0045 per share apart. That gap is exactly why we show both numbers side by side.
How much is Noumi Limited worth?
The market values Noumi Limited at about $19.4M (market capitalisation, as of Sep 24, 2026). Per share that is $0.0700; our models calculate a fair value of $0.0655 per share.
What do the bullish and bearish scenarios say about NOUMF?
Our models span a range for Noumi Limited: cautious scenario $0.0582, base $0.0655, optimistic $0.0755 per share (as of Sep 24, 2026, price $0.0700). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Noumi Limited (NOUMF)?
Balance-sheet figures for Noumi Limited (as of Sep 24, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is NOUMF from its 52-week high?
Noumi Limited trades at $0.0700, at its 52-week high of $0.0700 and 40% above the low of $0.0500 (as of Sep 25, 2026). Distance from the high says nothing about value: that is what the fair value of $0.0655 is for.
Which stocks are comparable to Noumi Limited?
From the same area (Consumer Defensive) we also value Nestlé S.A, Danone S.A, Foshan Haitian Flavouring and Food Company, The Kraft Heinz Company, 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 Noumi Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $0.0700, calculated fair value $0.0655 (−6%), Quality Score 52/100, from 9 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 NOUMF calculated?
We run Noumi Limited through 9 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 $0.0655, 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 14.9 % above its aggregate fair value. Noumi 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 Noumi Limited (NOUMF)?
The closing price on Sep 25, 2026 was $0.0700. Our model-based fair value is $0.0655, about −6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Noumi Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Noumi Limited
How large is the market capitalisation of Noumi Limited (NOUMF)?
The market capitalisation of Noumi Limited is $19.4M. 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 Noumi Limited (NOUMF)?
The price-to-sales ratio of Noumi Limited is 0.03 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Noumi Limited (NOUMF)?
Earnings per share at Noumi Limited are $−0.2300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Noumi Limited (NOUMF)?
The net margin of Noumi Limited is −25.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Noumi Limited (NOUMF)?
On an EBIT basis the return on assets of Noumi Limited is 1.4% (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 Noumi Limited (NOUMF)?
The operating margin of Noumi Limited is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Noumi Limited (NOUMF)?
Revenue at Noumi Limited is growing +11.2% versus a year earlier (3y avg +4.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Noumi Limited (NOUMF) generate?
The free cash flow of Noumi Limited is A$27.7M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Noumi Limited (NOUMF) carry?
The net debt of Noumi Limited is A$504M (fiscal year 2025, ≈ 18.2 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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Thin data
Sep 24, 2026