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Norwest Minerals Ltd (NWM) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Norwest Minerals Ltd stock A$0.01, price A$0.01, upside +1.7%, quality 32 out of 100. Rating: fairly valued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials AU · ISIN AU0000025280

NM Norwest Minerals Ltd logo Thin data Nov 4, 2026

Norwest Minerals Ltd

NWM · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value A$0.0061 · Fairly valued
Quality 32/100
Weak Growth (revenue 5y −3.9 %/yr in AUD)
Negative free cash flow
Trails peers (2/6)
Narrow moat 9/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution⚠ Thinly traded
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$0.0900 A$0.0050 Fair Value A$0.0061 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

60‑month range A$0.0050 – A$0.0900 · fair‑value band A$0.0061 – A$0.0067 · the A$0.0060 price screens below the A$0.0061 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.

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Company profile

Norwest Minerals Limited engages in the mining and exploration of natural resources in Western Australia. It explores for gold, copper, lead, zinc, silver, nickel, base metals, and rare earth elements. The company was incorporated in 2017 and is based in West Perth, Australia.

Stock analysis

Norwest Minerals Ltd (NWM) currently trades at A$0.0060, while our model-based Fair Value estimate is A$0.0061, so the stock looks roughly fairly valued today (gap 1.6%).

Show more

Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: A$0.0061 (bear) to A$0.0067 (bull), the price of A$0.0060 sits below 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 32/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Norwest Minerals Ltd reported revenue of A$20.6K in FY2025 versus A$86.8K in FY2021, a compound −30.2%/yr. Reported net income was −A$1.3M in FY2026.

Key figures

Market cap A$7.1M (≈ $4.9M) Micro · Return on equity −4.8% · Return on assets (EBIT) −6.0% (5-year average) · Operating margin 1,386% · Revenue (TTM) A$59.9K · Revenue growth (YoY) +8.5% · Free cash flow −A$3.8M · Net cash A$395K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 9 out of 100 (low confidence).

What moves the price

The share trades about 78% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at 2%, NWM screens cheaper than that median.

Fair Value models

Bear A$0.0061 Fair Value A$0.0061 Bull A$0.0067
Price A$0.0060 · Upside +1.7%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. Coverage ⓘCoverage = 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.
Best data coverage
NCAV (Graham) A$0.0100 A$0.0100 A$0.0200 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 A$0.0200 50

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 32/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 84
Are margins and returns getting better?
Cashflow 4
Do the profits arrive as real cash?
Financial strength 76
Debt, balance sheet and risk of trouble
Investment 32
Does it invest with discipline instead of growing at any price?
Low Volatility 0
How calm the share price moves, does not count
Price momentum 11
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 2
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+1,627.7%
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.
+63.4%
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.
−3.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
−14.9%
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.
−3,083.9% (2020) → −6,635.9% (2025)
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

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Compare Norwest Minerals Ltd with another stock

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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.Gold · 205 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 32 · Bottom 25%
Fair Value upside +1.7% · Above median
Profitability
Return on assets −4.8% · Below median
Growth and dividend
Revenue growth (quarter YoY) 8.5% · Below median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 0.27× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)36 · sector 0
FUTURE (revenue growth)43 · sector 100
PAST (return on equity)0 · sector 44
HEALTH (low debt)0 · sector 98
DIVIDEND (yield)0 · sector 24

Context: sector, industry, market

Values & ESG

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

None of the checked exposures detected

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $191.57 $220.07 +15% vs NWM
Newmont Corporation NEM $120.91 $133.00 +10% vs NWM
AngloGold Ashanti plc AU $92.99 $88.58 −5% vs NWM
Royal Gold, Inc RGLD $265.81 $248.53 −7% vs NWM
Shandong Gold Mining Co 600547 ¥26.20 ¥23.61 −10% vs NWM
Franco-Nevada Corporation FNV $254.95 $212.28 −17% vs NWM
Kinross Gold Corporation KGC $22.24 $18.00 −19% vs NWM
Northern Star Resources Limited NST A$25.85 A$16.87 −35% vs NWM
Wheaton Precious Metals Corp WPM $136.31 $87.64 −36% vs NWM
Zijin Mining Group 601899 ¥28.28 ¥15.62 −45% vs NWM

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Norwest Minerals Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Norwest Minerals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/NWM

Frequently asked questions

Is Norwest Minerals Ltd (NWM) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0061 versus a price of A$0.0060, about +2% upside (fairly valued).
What is the fair value of NWM?
Our model-based fair value for Norwest Minerals Ltd is A$0.0061 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0060.
What is the quality score of NWM?
Norwest Minerals Ltd has a Quality Score of 32/100. 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 Norwest Minerals Ltd (NWM)?
Our model-based price target is the fair value of A$0.0061 (as of Nov 4, 2026) from 1 valuation models. Cautious scenario A$0.0061, optimistic scenario A$0.0067. It is a calculation from audited fundamentals, not an analyst target.
What is the Norwest Minerals Ltd stock forecast for 2026?
Our models put fair value at A$0.0061, about +2% upside versus a price of A$0.0060 (fairly valued). Cautious scenario A$0.0061, optimistic scenario A$0.0067. The calculation is refreshed regularly with new filings.
What is the revenue of Norwest Minerals Ltd (NWM)?
Norwest Minerals Ltd reported trailing-twelve-month revenue of about A$59.9K (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Norwest Minerals Ltd (NWM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Norwest Minerals Ltd it is A$0.0061 per share (as of Nov 4, 2026), against a price of A$0.0060. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Norwest Minerals Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, NWM trades below its calculated fair value: price A$0.0060, fair value A$0.0061, a gap of about +2% (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 NWM?
No. The price is what the market pays today (A$0.0060); the fair value is what the company's own numbers justify (A$0.0061). For Norwest Minerals Ltd the two are A$0.0001 per share apart. That gap is exactly why we show both numbers side by side.
How much is Norwest Minerals Ltd worth?
The market values Norwest Minerals Ltd at about A$7.1M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0060; our models calculate a fair value of A$0.0061 per share.
What do the bullish and bearish scenarios say about NWM?
Our models span a range for Norwest Minerals Ltd: cautious scenario A$0.0061, base A$0.0061, optimistic A$0.0067 per share (as of Nov 4, 2026, price A$0.0060). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Norwest Minerals Ltd (NWM)?
Balance-sheet figures for Norwest Minerals Ltd (as of Nov 4, 2026): return on equity −4.8%. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is NWM from its 52-week high?
Norwest Minerals Ltd trades at A$0.0060, about 78% below its 52-week high of A$0.0270 and 20% above the low of A$0.0050 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0061 is for.
Which stocks are comparable to Norwest Minerals Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 Norwest Minerals Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0060, calculated fair value A$0.0061 (+2%), Quality Score 32/100, from 1 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 NWM calculated?
We run Norwest Minerals Ltd through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0061 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Norwest Minerals Ltd currently trades 2% below its own fair value, and the market average says nothing about that. 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 Norwest Minerals Ltd (NWM)?
The closing price on Nov 9, 2026 was A$0.0060. Our model-based fair value is A$0.0061, about +2% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Norwest Minerals Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. The models converge in a tight band (A$0.0061 to A$0.0067), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Norwest Minerals Ltd

How large is the market capitalisation of Norwest Minerals Ltd (NWM)?
The market capitalisation of Norwest Minerals Ltd is A$7.1M (≈ $4.9M). 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 return on equity of Norwest Minerals Ltd (NWM)?
The return on equity (ROE) of Norwest Minerals Ltd is −4.8% (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 Norwest Minerals Ltd (NWM)?
On an EBIT basis the return on assets of Norwest Minerals Ltd is −6.0% (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 Norwest Minerals Ltd (NWM)?
The operating margin of Norwest Minerals Ltd is 1,386% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Norwest Minerals Ltd (NWM)?
Revenue at Norwest Minerals Ltd is growing +8.5% versus a year earlier (3y avg +63.4%). 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 Norwest Minerals Ltd (NWM) generate?
The free cash flow of Norwest Minerals Ltd is −A$3.8M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Norwest Minerals Ltd (NWM) hold?
Norwest Minerals Ltd holds more cash than debt, A$395K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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