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Qmines Ltd (QML) fair value: what the stock is really worth

We calculate from audited financials what Qmines Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.

Valuation from Jun 25, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
  1. Fair value above price? Yes
  2. Good quality? No
  3. Add to watchlist

Basic Materials · AU · ISIN AU0000141533

QL Thin data Jun 25, 2026

Qmines Ltd

QML · AU

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value A$0.1020 · Strongly undervalued (+57%)
!Quality 20/100
!Expensive Growth (revenue 3y +298.0 %/yr)
!negative free cash flow
!Trails peers (2/6)
!Narrow moat 8/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

A$0.4200 A$0.0330 Fair Value A$0.1020 Jul 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 25, 2026.

How to read this chart

60‑month range A$0.0330 – A$0.4200 · fair‑value band A$0.0765 – A$0.1275 · the A$0.0650 price screens below the A$0.1020 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 25, 2026.

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Company profile

QMines Limited explores and develops mineral properties in Australia. The company explores for gold, copper, zinc, and silver deposits. Its flagship project is the 100% owned Mount Chalmers project, which consists of five minerals exploration permits covering an area of 334 square kilometers located North-East of Rockhampton, Queensland.

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QMines Limited explores and develops mineral properties in Australia. The company explores for gold, copper, zinc, and silver deposits. Its flagship project is the 100% owned Mount Chalmers project, which consists of five minerals exploration permits covering an area of 334 square kilometers located North-East of Rockhampton, Queensland. QMines Limited was incorporated in 2020 and is headquartered in Mosman, Australia.

Stock analysis

Qmines Ltd (QML) currently trades at A$0.0650, while our model-based Fair Value estimate is A$0.1020, implying the stock looks roughly 36.3% undervalued today.

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: A$0.0765 (bear) to A$0.1275 (bull), the price of A$0.0650 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 20/100 (below-average quality), in the Basic Materials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Qmines Ltd reported revenue of A$88.2K in FY2025 versus A$2.5K in FY2021, a compound +143.4%/yr. Reported net income was −A$2.9M in FY2025.

Key figures

Market cap A$51.0M (≈ $35.9M) · EPS (TTM) A$−0.0100 · Return on equity −13.5% · Return on assets (EBIT) −18.1% · Operating margin −3,309% · Revenue (TTM) A$82.4K · Revenue growth (YoY) −7.9% · Free cash flow −A$6.2M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 11% below its 52-week high and 51% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −42% fair-value upside, at 57%, QML screens cheaper than that median.

Fair Value models

Bear A$0.0765 Fair Value A$0.1020 Bull A$0.1275
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. 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.
Highest evidence
NCAV (Graham) A$0.0200 A$0.0200 A$0.0300 53
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0200 A$0.0200 A$0.0300 53

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Quality Score breakdown

Overall quality 20/100

Of which business quality 28 · Market factors (momentum, volatility) 49

Profitability 0
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 23
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 20
Calm price path (market factor)
Momentum 66
Price trend over the last 3–12 months (market factor)
52W Momentum 53
Distance to the 52-week high (market factor)
Net Issuance 0
Share count: buybacks or dilution?

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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. 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−50.5%
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.
+298.0%
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.
−61,639.1% (2021) → −2,883.1% (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
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.Copper · 58 stocks

Beats the industry median on 2/5 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 28 · Bottom 25%
Fair Value upside +57% · Top 25%
Profitability
Return on assets −7% · Bottom 25%
Growth and dividend
Revenue growth −8% · Bottom 25%

Valuation Multiplesvs Copper median · lower = cheaper

P/B 1.42× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)0 · sector 100
PAST (return on equity)0 · sector 34
HEALTH (low debt)0 · sector 92
DIVIDEND (yield)0 · sector 21

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 Copper stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $206.14 $160.86 −22%
Freeport-McMoRan Inc FCX $72.58 $21.93 −70%
First Quantum Minerals Ltd FM C$46.54 C$20.10 −57%
Lundin Mining Corporation LUN C$34.86 C$38.35 +10%
Jiangxi Copper Company 600362 ¥45.10 ¥25.98 −42%
KGHM Polska Miedz S.A KGH 335.85 PLN 156.67 PLN −53%
Tongling Nonferrous Metals Group 000630 ¥6.16 ¥3.06 −50%
MMG Limited 1208 HK$8.76 HK$9.63 +10%
Hudbay Minerals Inc HBM $27.74 $21.23 −23%
Zhejiang Hailiang Co 002203 ¥18.15 ¥6.39 −65%

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Cite: Fair Value Calculator (2026). "Qmines Ltd Fair Value". https://www.fairvalue-calculator.com/stock/QML

Frequently asked questions

Is Qmines Ltd (QML) overvalued or undervalued?
As of Jun 25, 2026, our model estimates a fair value of A$0.1020 versus a price of A$0.0650, about +57% upside (undervalued).
What is the fair value of QML?
Our model-based fair value for Qmines Ltd is A$0.1020 (as of Jun 25, 2026), built from audited fundamentals. The current price: A$0.0650.
What is the quality score of QML?
Qmines Ltd has a Quality Score of 20/100. 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 Qmines Ltd (QML)?
Our model-based price target is the fair value of A$0.1020 (as of Jun 25, 2026) from 1 valuation models. Cautious scenario A$0.0765, optimistic scenario A$0.1275. It is a calculation from audited fundamentals, not an analyst target.
What is the Qmines Ltd stock forecast for 2026?
Our models put fair value at A$0.1020, about +57% upside versus a price of A$0.0650 (undervalued). Cautious scenario A$0.0765, optimistic scenario A$0.1275. The calculation is refreshed regularly with new filings.
What is the revenue of Qmines Ltd (QML)?
Qmines Ltd reported trailing-twelve-month revenue of about A$82.4K (latest available figure, as of Jun 25, 2026).
What is the intrinsic value of Qmines Ltd (QML)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Qmines Ltd it is A$0.1020 per share (as of Jun 25, 2026), against a price of A$0.0650. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Qmines Ltd stock overvalued or undervalued in 2026?
As of Jun 25, 2026, QML trades below its calculated fair value: price A$0.0650, fair value A$0.1020, a gap of about +57% (undervalued). 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 QML?
No. The price is what the market pays today (A$0.0650); the fair value is what the company's own numbers justify (A$0.1020). For Qmines Ltd the two are A$0.0370 per share apart. That gap is exactly why we show both numbers side by side.
How much is Qmines Ltd worth?
The market values Qmines Ltd at about A$51.0M (market capitalisation, as of Jun 25, 2026). Per share that is A$0.0650; our models calculate a fair value of A$0.1020 per share.
What do the bullish and bearish scenarios say about QML?
Our models span a range for Qmines Ltd: cautious scenario A$0.0765, base A$0.1020, optimistic A$0.1275 per share (as of Jun 25, 2026, price A$0.0650). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Qmines Ltd (QML)?
Balance-sheet figures for Qmines Ltd (as of Jun 25, 2026): return on equity −13.5%. They feed the Quality Score of 20/100, which measures business quality independently of the share price.
How far is QML from its 52-week high?
Qmines Ltd trades at A$0.0650, about 11% below its 52-week high of A$0.0730 and 51% above the low of A$0.0430 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1020 is for.
Which stocks are comparable to Qmines Ltd?
From the same area (Basic Materials) we also value Southern Copper Corporation, Freeport-McMoRan Inc, First Quantum Minerals Ltd, Lundin Mining Corporation, 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 Qmines Ltd stock attractive at the current price?
The data as of Jun 25, 2026: price A$0.0650, calculated fair value A$0.1020 (+57%), Quality Score 20/100, 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 QML calculated?
We run Qmines Ltd through 1 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 A$0.1020, 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 13.0 % above its aggregate fair value. Qmines Ltd currently trades 57 % 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 Qmines Ltd (QML)?
The closing price on Sep 24, 2026 was A$0.0650. Our model-based fair value is A$0.1020, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qmines Ltd right now?
The large discount to fair value meets weak quality (20/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (A$0.0765). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Qmines Ltd

How large is the market capitalisation of Qmines Ltd (QML)?
The market capitalisation of Qmines Ltd is A$51.0M (≈ $35.9M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Qmines Ltd (QML)?
Earnings per share at Qmines Ltd are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Qmines Ltd (QML)?
The return on equity (ROE) of Qmines Ltd is −13.5% (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 Qmines Ltd (QML)?
On an EBIT basis the return on assets of Qmines Ltd is −18.1% (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 Qmines Ltd (QML)?
The operating margin of Qmines Ltd is −3,309% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Qmines Ltd (QML)?
Revenue at Qmines Ltd is growing −7.9% versus a year earlier (3y avg +298%). 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 Qmines Ltd (QML) generate?
The free cash flow of Qmines Ltd is −A$6.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Qmines Ltd (QML) hold?
Qmines Ltd holds more cash than debt, A$1.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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