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Perseus Mining Limited (PRU) Fair Value & Analysis

Basic Materials · AU · Market cap A$6.2B (≈ $4.4B) · ISIN AU000000PRU3

What is Perseus Mining Limited really worth?

PM Perseus Mining Limited PRU · AU
PriceA$6.77
Fair ValueA$4.34
Upside−35.9%
Quality68/100

A solid business, but trading 56% above our fair value of A$4.34.

As of Aug 29, 2026, the fair value of Perseus Mining Limited is A$4.34 per share against a price of A$6.77, so the fair value sits 36% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Highly profitable · 27.9% net margin
Low debt · generates free cash flow
Wide moat 70/100

Risks

!Weak Growth (revenue 5y +6.7 %/yr)
!Mixed vs. peers (6/15)
!Evidence only medium, so the estimate is less certain

For context

·0.99% dividend yield
Evidence: Medium Range A$3.26 – A$5.43

Fair value as of: Aug 29, 2026

From 24 valuation models · updated 8 days ago

Fair value updated Aug 29, 2026, revised from A$4.33 to A$4.34 (+0.2%) since Aug 27, 2026. Share price +39.9% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (A$5.43). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

A$6.77 A$1.22 Fair Value A$4.34 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range A$1.22 – A$6.77 · fair‑value band A$3.26 – A$5.43 · the A$6.77 price screens above the A$4.34 fair value. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

Perseus Mining Limited (PRU) currently trades at A$6.77, while our model-based Fair Value estimate is A$4.34, implying the stock looks roughly 56.0% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Basic Materials sector. Bull case: the Growth Earnings group reads highest at a median of A$7.88 per share, and 7 of the 24 models we run sit above the A$6.77 price. Bear case: the Asset-Based group reads lowest at A$1.01, and 17 of the 24 models stay below the price. Evidence for this calculation is medium.

Over the trailing twelve months, Perseus Mining Limited generated revenue of A$1.3B at a net margin of 27.9%. Revenue grew 4.6% year over year. It earns a return on equity of 18.7%. The balance sheet holds a net cash position of A$748M. Fundamentals as of Aug 29, 2026

Our scenario range runs from A$3.26 (bear case) to A$5.43 (bull case); at A$6.77, the current price sits above 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 near 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 −12% fair-value upside, at −36%, PRU screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly A$0.3130 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Highest evidence
EPV best evidence A$2.46 A$2.76 A$3.02 74
FCF DCF A$4.52 A$6.65 A$13.29 72
Growth DCF A$4.28 A$7.63 A$13.02 71
All 24 models by family
DCF Models
FCF DCF A$4.52 A$6.65 A$13.29 72
Owner Earnings A$3.62 A$7.34 A$14.87 67
5Y Revenue Exit A$2.21 A$2.93 A$4.40 68
5Y EBITDA Exit A$4.23 A$7.02 A$12.50 68
5Y P/E Exit A$3.42 A$6.54 A$10.72 64
10Y Revenue Exit A$2.90 A$4.59 A$5.32 64
10Y EBITDA Exit A$4.37 A$8.85 A$16.59 61
10Y P/E Exit A$3.79 A$7.14 A$12.47 58
Earnings-Based
Graham-Dodd A$1.25 A$8.68 A$12.18 59
Lynch FV A$4.49 A$6.41 A$8.33 57
PEG = 1.0 A$4.49 A$6.41 A$8.33 54
EPV best evidence A$2.46 A$2.76 A$3.02 74
Multiples
P/E Multiple A$2.33 A$3.11 A$3.89 63
P/S Multiple A$0.6900 A$0.9200 A$1.16 58
P/B Multiple A$2.33 A$3.11 A$3.89 55
EV/EBIT A$3.50 A$4.47 A$5.45 66
EV/EBITDA A$4.00 A$5.15 A$6.29 67
EV/Revenue A$1.21 A$1.49 A$1.77 54
Asset-Based
NCAV (Graham) A$0.7500 A$1.01 A$1.51 54
Growth DCF
Growth DCF A$4.28 A$7.63 A$13.02 71
Rev-Margin DCF A$2.35 A$3.28 A$5.26 68
Economic Profit
Residual Income A$1.38 A$1.62 A$3.31 68
ROIC Compounder A$3.14 A$4.72 A$5.60 68
Growth Earnings
Growth-Adj P/E A$5.52 A$7.88 A$10.25 64

Widest divergence: Growth Earnings (A$7.88) versus Asset-Based (A$1.01). Highest evidence: EPV (74).

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Key figures & financial health

P/E ratio 18.8
P/S ratio 5.59 P/E × margin
EPS (TTM) A$0.3600 price ÷ EPS = P/E 18.8
Dividend yield 1.0% payout 18.6%
Net margin 29.7% FY2025
Return on equity 18.7% TTM
More key figures
Profitability
Return on assets (EBIT) 15.6% avg 5y
Operating margin 41.5% TTM
Growth
Revenue (TTM) A$1.3B TTM
Revenue growth (YoY) +4.6% 3y avg −10.1%
EPS growth (YoY) −6.7%
Balance sheet & cash flow
Free cash flow A$330M FY2025
Net cash A$748M FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 69 · Market factors (momentum, volatility) 73

Profitability 53
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 36
Disciplined investing over empire-building
Low Volatility 46
Calm price path (market factor)
Momentum 75
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 67
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in Ghana, Côte d'Ivoire, Tanzania, and Sudan.

Full company description

Perseus Mining Limited, together with its subsidiaries, explores, evaluates, develops, and mines for gold properties in Ghana, Côte d'Ivoire, Tanzania, and Sudan. The company's flagship assets include the 90% owned Yaouré gold mine located in central Côte d'Ivoire; and the 80% owned Nyanzaga gold project located on the north-eastern flank of the Sukumaland Archaean Greenstone Belt of the Lake Victoria Goldfield in Tanzania. Perseus Mining Limited was incorporated in 2003 and is based in Subiaco, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Perseus Mining Limited reported revenue of $818M in FY2025 versus $680M in FY2021, a compound +4.7%/yr. Reported net income was $243M in FY2025, compounding +20.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$818M
Latest YoY
+78.9%
Avg. revenue growth/yr (3Y) 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.
−10.1%
Avg. revenue growth/yr (5Y) 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.
+6.7%
Avg. revenue growth/yr (21Y) 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.
+56.6%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+18.4% · in AUD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+17.4%
Dividend yield1.0%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 17.4% vs 10Y 0.8%, picking up
Operating margin (EBIT) 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.19.9% (2020) → 45.3% (2025) · rising
Worst earnings drop159% (2014) (loss year, drop beyond 100%) · in AUD
Revenue +4.7%/yr
FY21 $680M
FY22 $1.1B
FY23 $1.4B
FY24 $457M
FY25 $818M
Net income +20.2%/yr
FY21 $116M
FY22 $234M
FY23 $427M
FY24 $330M
FY25 $243M

PRU screens 56% overvalued. Compare with Newmont Corporation →

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Cite: Fair Value Calculator (2026). "Perseus Mining Limited Fair Value". https://www.fairvalue-calculator.com/stock/PRU.AU

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 16
FUTURE77 · sector 43
PAST43 · sector 43
HEALTH67 · sector 84
DIVIDEND89 · sector 54

VALUE 0: the price sits above our fair-value range.

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 (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $41.23 $50.66 +23%
Franco-Nevada Corporation FNV $266.18 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
AngloGold Ashanti plc AU $97.92 $88.63 −9%
Kinross Gold Corporation KGC $30.87 $34.62 +12%
Royal Gold, Inc RGLD $262.85 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%

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Frequently asked questions

Is Perseus Mining Limited (PRU) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of A$4.34 versus a price of A$6.77, about −36% upside (overvalued).
What is the fair value of PRU?
Our model-based fair value for Perseus Mining Limited is A$4.34 (as of Aug 29, 2026), built from audited fundamentals. The current price: A$6.77.
What is the quality score of PRU?
Perseus Mining Limited has a Quality Score of 68/100. 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 Perseus Mining Limited (PRU)?
Our model-based price target is the fair value of A$4.34 (as of Aug 29, 2026) from 24 valuation models. Cautious scenario A$3.26, optimistic scenario A$5.43. It is a calculation from audited fundamentals, not an analyst target.
What is the Perseus Mining Limited stock forecast for 2026?
Our models put fair value at A$4.34, about −36% upside versus a price of A$6.77 (overvalued). Cautious scenario A$3.26, optimistic scenario A$5.43. The calculation is refreshed regularly with new filings.
What is the revenue of Perseus Mining Limited (PRU)?
Perseus Mining Limited reported trailing-twelve-month revenue of about A$1.3B (latest available figure, as of Aug 29, 2026).
What is the net profit margin of PRU?
The net profit margin of Perseus Mining Limited is about 27.9%, meaning it keeps roughly 27.9% of revenue as net income. Based on the latest reported figures.
Does Perseus Mining Limited pay a dividend?
Perseus Mining Limited currently shows a dividend yield of about 0.99% relative to its recent price (as of Aug 29, 2026).
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