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Piche Resources Ltd (PR2) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Piche Resources Ltd stock A$0.02, price A$0.02, that is 1.9% below the price, quality 34 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU

PR Piche Resources Ltd logo Thin data Nov 10, 2026

Piche Resources Ltd

PR2 · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Revenue last quarter +115% vs. a year ago.
Fair value A$0.0216 · Fairly valued
Quality 34/100
Weak Growth
Negative free cash flow
Trails peers (2/6)
Narrow moat 12/100 · thin data
Thin data
⟳ CyclicalEstimate
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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

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Price vs Fair Value

A$0.1850 A$0.0190 Fair Value A$0.0216 Jul 2024 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

28‑month range A$0.0190 – A$0.1850 · fair‑value band A$0.0206 – A$0.0225 · the A$0.0220 price screens above the A$0.0216 fair value. As of Nov 10, 2026.

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Company profile

Piche Resources Limited, a junior exploration company, engages in mining and exploration of mineral resources in Western Australia and Argentina. It primarily explores gold, uranium, precious metals, base metals, rare earth elements, and other critical minerals.

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The company was formerly known as San Martin Mining Pty Ltd. Piche Resources Limited was incorporated in 2022 and is based in Perth, Australia.

Stock analysis

Piche Resources Ltd (PR2) currently trades at A$0.0220, while our estimate is A$0.0216, so the stock looks roughly fairly valued today (gap 2.0%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0206 (bear) to A$0.0225 (bull), the price of A$0.0220 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 34/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue growth is weak, negative or inconsistent.

Piche Resources Ltd reported revenue of A$357K in FY2026 versus A$0 in FY2022. Reported net income was −A$5.3M in FY2026.

Key figures

Market cap A$7.6M (≈ $5.2M) Micro · P/S ratio 26.2 · EPS (TTM) A$−0.0300 · Return on equity −169% · Return on assets (EBIT) −203% (5-year average) · Operating margin −750% · Revenue (TTM) A$357K · Revenue growth (YoY) +115%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (low confidence).

What moves the price

The share trades about 87% below its 52-week high and 16% 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%, PR2 screens cheaper than that median.

Fair Value

Bear A$0.0206 Fair Value A$0.0216 Bull A$0.0225
Price A$0.0220 · Downside -1.9%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 34/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 50
Are margins and returns getting better?
Cashflow 11
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 40
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 17
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 1
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

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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 weak, negative or inconsistent.
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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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.Other Industrial Metals & Mining · 577 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 34 · Below median
Fair Value upside −1.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 115.2% · Top 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 5.19× · Priciest 25%
P/S (12 months) 21.37× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)31 · sector 4
FUTURE (revenue growth)100 · sector 45
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 96
DIVIDEND (yield)0 · sector 33

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 Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹262.00 ₹334.17 +28% vs PR2
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs PR2
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs PR2
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs PR2
Boliden AB BOL kr 515.20 kr 464.45 −10% vs PR2
BHP Group BHP A$60.39 A$47.47 −21% vs PR2
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs PR2
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs PR2
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs PR2
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs PR2

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Piche Resources Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Piche Resources Ltd Fair Value". https://www.fairvalue-calculator.com/stock/PR2

Frequently asked questions

Is Piche Resources Ltd (PR2) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0216 versus a price of A$0.0220, about 2% lower (fairly valued).
What is the fair value of PR2?
Our estimate for Piche Resources Ltd is A$0.0216 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0220.
What is the quality score of PR2?
Piche Resources Ltd has a Quality Score of 34/100. 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 Piche Resources Ltd (PR2)?
Our calculated price target is the estimate of A$0.0216 (as of Nov 10, 2026). Cautious scenario A$0.0206, optimistic scenario A$0.0225. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Piche Resources Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0216, about 2% lower versus a price of A$0.0220 (fairly valued). Cautious scenario A$0.0206, optimistic scenario A$0.0225. The calculation is refreshed regularly with new filings.
What is the revenue of Piche Resources Ltd (PR2)?
Piche Resources Ltd reported trailing-twelve-month revenue of about A$357K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Piche Resources Ltd (PR2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Piche Resources Ltd it is A$0.0216 per share (as of Nov 10, 2026), against a price of A$0.0220.
Is Piche Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, PR2 trades above its calculated fair value: price A$0.0220, fair value A$0.0216, 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 PR2?
No. The price is what the market pays today (A$0.0220); the fair value is what the company's own numbers justify (A$0.0216). For Piche Resources Ltd the two are A$0.0004 per share apart. That gap is exactly why we show both numbers side by side.
How much is Piche Resources Ltd worth?
The market values Piche Resources Ltd at about A$7.6M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0220; our models calculate a fair value of A$0.0216 per share.
What do the bullish and bearish scenarios say about PR2?
Our models span a range for Piche Resources Ltd: cautious scenario A$0.0206, base A$0.0216, optimistic A$0.0225 per share (as of Nov 10, 2026, price A$0.0220). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Piche Resources Ltd (PR2)?
Balance-sheet figures for Piche Resources Ltd (as of Nov 10, 2026): return on equity −168.9%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is PR2 from its 52-week high?
Piche Resources Ltd trades at A$0.0220, about 87% below its 52-week high of A$0.1650 and 16% above the low of A$0.0190 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0216 is for.
Which stocks are comparable to Piche Resources Ltd?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, 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 Piche Resources Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0220, calculated fair value A$0.0216 (−2%), Quality Score 34/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Piche Resources 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 Piche Resources Ltd (PR2)?
The closing price on Nov 11, 2026 was A$0.0220. Our estimate is A$0.0216, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Piche Resources 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$0.0206 to A$0.0225), 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 Piche Resources Ltd

How large is the market capitalisation of Piche Resources Ltd (PR2)?
The market capitalisation of Piche Resources Ltd is A$7.6M (≈ $5.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Piche Resources Ltd (PR2)?
The price-to-sales ratio of Piche Resources Ltd is 26.2 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Piche Resources Ltd (PR2)?
Earnings per share at Piche Resources Ltd are A$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Piche Resources Ltd (PR2)?
The return on equity (ROE) of Piche Resources Ltd is −169% (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 Piche Resources Ltd (PR2)?
On an EBIT basis the return on assets of Piche Resources Ltd is −203% (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 Piche Resources Ltd (PR2)?
The operating margin of Piche Resources Ltd is −750% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Piche Resources Ltd (PR2)?
Revenue at Piche Resources Ltd is growing +115% versus a year earlier. 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 Piche Resources Ltd (PR2) generate?
The free cash flow of Piche Resources Ltd is −A$5.2M (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 Piche Resources Ltd (PR2) hold?
Piche Resources Ltd holds more cash than debt, A$1.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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