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Ora Banda Mining Limited (OBM) Fair Value & Analysis

Basic Materials · AU · Market cap A$2.0B

OB Ora Banda Mining Limited OBM · AU
PriceA$1.34
Fair ValueA$1.28
Upside-4.5%
Quality63/100
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Mixed Growth
Highly profitable · 41.8% net margin
Low debt · generates free cash flow
Ranks above peers (11/13)
Wide moat 90/100
Evidence: High Range A$0.7000 – A$2.37 Share as image

Fair value as of: Jul 16, 2026

From 26 valuation models · updated 25 days ago

Share price +24.1% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The model range is unusually wide (A$0.7000 to A$2.37). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
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Price vs Fair Value (5 years)

A$1.68 A$0.0250 Fair Value A$1.28 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range A$0.0250 – A$1.68 · fair‑value band A$0.7000 – A$2.37 · the A$1.34 price screens above the A$1.28 fair value. Dashed = 300-day average. As of Jul 16, 2026.

Full chart & analysis →

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Analysis

Ora Banda Mining Limited (OBM) currently trades at A$1.34, while our model-based Fair Value estimate is A$1.28, implying the stock looks roughly 4.5% fairly valued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Ora Banda Mining Limited generated revenue of A$554M at a net margin of 41.8%. Revenue grew 80.4% year over year. It earns a return on equity of 85.4%. The balance sheet holds a net cash position of A$44.3M. Fundamentals as of Jul 16, 2026

Our scenario range runs from A$0.7000 (bear case) to A$2.37 (bull case); at A$1.34, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 22% below its 52-week high and 116% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at -4%, OBM screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF A$0.6400 A$1.17 A$2.03 80
Residual Income A$1.14 A$2.52 A$115.89 76
Rev-Margin DCF A$0.4300 A$0.6900 A$1.23 74
All 26 models by family
DCF Models
FCF DCF A$0.6700 A$1.02 A$2.08 38
Owner Earnings A$1.14 A$2.47 A$5.16 31
5Y Revenue Exit A$0.4000 A$0.6100 A$1.04 39
5Y EBITDA Exit A$0.7500 A$1.33 A$2.45 41
5Y P/E Exit A$1.13 A$2.62 A$4.68 38
10Y Revenue Exit A$0.4800 A$0.8800 A$1.10 36
10Y EBITDA Exit A$0.7400 A$1.63 A$3.19 37
10Y P/E Exit A$1.01 A$2.43 A$4.81 35
Earnings-Based
Graham-Dodd A$0.6600 A$4.58 A$6.42 54
Lynch FV A$2.37 A$3.38 A$4.39 50
PEG = 1.0 A$2.37 A$3.38 A$4.39 46
EPV A$0.3100 A$0.3600 A$0.3900 59
Dividend Discount
Gordon GGM A$0.0500 A$0.1000 A$0.1500 70
DDM Multi-Stage A$0.0500 A$0.0800 A$0.1000 61
Multiples
P/E Multiple A$1.23 A$1.64 A$2.05 63
P/S Multiple A$0.2400 A$0.3100 A$0.3900 58
P/B Multiple A$0.3300 A$0.4500 A$0.5600 55
EV/EBIT A$0.6700 A$0.8800 A$1.08 53
EV/EBITDA A$0.7600 A$1.00 A$1.24 54
EV/Revenue A$0.2600 A$0.3600 A$0.4500 43
Asset-Based
NCAV (Graham) A$0.0700 A$0.1000 A$0.1500 50
Growth DCF
Growth DCF A$0.6400 A$1.17 A$2.03 80
Rev-Margin DCF A$0.4300 A$0.6900 A$1.23 74
Economic Profit
Residual Income A$1.14 A$2.52 A$115.89 76
ROIC Compounder A$0.4100 A$0.6100 A$0.8100 72
Growth Earnings
Growth-Adj P/E A$2.91 A$4.16 A$5.40 68

Widest divergence: Growth Earnings (A$4.16) versus Dividend Discount (A$0.0800). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) A$554M
Revenue growth (YoY) +80.4%
Net margin 41.8%
Return on equity 85.4%
Free cash flow A$76.5M FY2025
P/E ratio 10.7
More key figures
Operating margin 41.8%
EPS (TTM) A$0.1200
EPS growth (YoY) +86.6%
Net cash A$44.3M FY2025

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 63/100

Of which business quality 64 · Market factors (momentum, volatility) 58

Profitability 86
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 56
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 70
Price trend over the last 3–12 months (market factor)
52W Momentum 83
Distance to the 52-week high (market factor)
Net Issuance 34
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Ora Banda Mining Limited engages in the exploration, operation, and development of mineral properties and mining in Australia. The company primarily explores for gold, nickel, copper, lithium. The company holds 100% interests in the Davyhurst Gold Project located in north-west of Kalgoorlie.

Full company description

Ora Banda Mining Limited engages in the exploration, operation, and development of mineral properties and mining in Australia. The company primarily explores for gold, nickel, copper, lithium. The company holds 100% interests in the Davyhurst Gold Project located in north-west of Kalgoorlie. The company was formerly known as Eastern Goldfields Limited and changed its name to Ora Banda Mining Limited in June 2019. Ora Banda Mining Limited was incorporated in 2002 and is based in Subiaco, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ora Banda Mining Limited reported revenue of A$404M in FY2025 versus A$25.1M in FY2021, a compound +100.3%/yr. Reported net income was A$186M in FY2025.

Growth Quality 77/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$404M
Latest YoY
+88.7%
Avg. growth/yr (3Y)
+37.9%
Avg. growth/yr (5Y)
+74.3%
Avg. growth/yr (18Y)
+48.9%
Revenue +100.3%/yr
FY21 A$25.1M
FY22 A$154M
FY23 A$136M
FY24 A$214M
FY25 A$404M
Net income
FY21 −A$22.3M
FY22 −A$87.9M
FY23 −A$44.1M
FY24 A$27.6M
FY25 A$186M

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Cite: Fair Value Calculator (2026). "Ora Banda Mining Limited Fair Value". https://www.fairvalue-calculator.com/stock/OBM

Peer Group

Gold · 259 stocks

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.

Quality Score 63 · Top 25%
Fair Value upside −5% · Above median
Return on equity (TTM) 85% · Top 25%
Return on assets 31% · Top 25%
Net margin (TTM) 42% · Top 25%
Operating margin (TTM) 42% · Above median
Revenue growth 80% · Above median

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 8.8× · Cheaper than median
P/B 5.02× · Pricier than 75% of peers
P/S (TTM) 2.59× · Cheaper than median
P/FCF 18.8× · Pricier than median
EV/EBITDA 5.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 27 · sector 0
FUTURE 100 · sector 100
PAST 100 · sector 0
HEALTH 100 · sector 98
DIVIDEND 0 · sector 24

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥28.36 ¥30.58 +8%
Agnico Eagle Mines Limited AEM C$191.93 C$154.33 -20%
Barrick Mining Corporation B $34.93 $50.66 +45%
Wheaton Precious Metals Corp WPM C$152.57 C$52.47 -66%
Franco-Nevada Corporation FNV C$284.75 C$97.76 -66%
AngloGold Ashanti plc AU $76.35 $88.63 +16%
Gold Fields Limited GFI $33.33 $59.06 +77%
Kinross Gold Corporation KGC $22.57 $34.62 +53%
Northern Star Resources Limited NST A$20.48 A$15.98 -22%

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Frequently asked questions

Is Ora Banda Mining Limited (OBM) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of A$1.28 versus a price of A$1.34, about −4% (fairly valued).
What is the fair value of OBM?
Our model-based fair value for Ora Banda Mining Limited is A$1.28 (as of Jul 16, 2026), built from audited fundamentals. The current price is A$1.34.
What is the quality score of OBM?
Ora Banda Mining Limited has a Quality Score of 63/100. 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 revenue of Ora Banda Mining Limited (OBM)?
Ora Banda Mining Limited reported trailing-twelve-month revenue of about A$554M (latest available figure, as of Jul 16, 2026).
What is the net profit margin of OBM?
The net profit margin of Ora Banda Mining Limited is about 41.8%, meaning it keeps roughly 41.8% 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.

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