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

As of Nov 11, 2026: fair value (intrinsic value) of Qmines Ltd stock A$0.04, price A$0.06, that is 25.8% below the price, quality 27 out of 100. Rating: overvalued. 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 · ISIN AU0000141533

QL Qmines Ltd logo Thin data Nov 10, 2026

Qmines Ltd

QML · AU
Expensive, weak quality

Our calculation puts a fair price 26% below what the stock costs today.

Expensive Growth (revenue 3y +298.0 %/yr in AUD)
Mixed vs. peers (3/6)
Fair value A$0.0408 · Overvalued
Quality 27/100
Negative free cash flow
Narrow moat 8/100 · thin data
Thin data
⟳ CyclicalEstimate
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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$0.4100 A$0.0330 Fair Value A$0.0408 Aug 2021 Nov 2026

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

How to read this chart

60‑month range A$0.0330 – A$0.4100 · fair‑value band A$0.0368 – A$0.0448 · the A$0.0550 price screens above the A$0.0408 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 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.

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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$0.0550, while our estimate is A$0.0408, 26% below the price, so the stock looks overvalued today.

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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$0.0368 (bear) to A$0.0448 (bull), the price of A$0.0550 sits above 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 27/100 (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$4.4M in FY2026.

Key figures

Market cap A$39.5M (≈ $27.1M) Micro · EPS (TTM) A$−0.0100 · Return on equity −14.1% · Return on assets (EBIT) −17.7% (5-year average) · Operating margin −2,046% · Revenue (TTM) A$159K · Revenue growth (YoY) +514% · Free cash flow −A$10.7M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 31% below its 52-week high and 28% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −14% fair-value upside, at −26%, QML screens richer than that median.

Fair Value

Bear A$0.0368 Fair Value A$0.0408 Bull A$0.0448
Price A$0.0550 · Downside -25.8%
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 27/100

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 22
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 81
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 15
How calm the share price moves, does not count
Price momentum 43
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 31
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. 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 2026 is a loss year, no rate is defined from a loss
not computed

QML screens overvalued: fair value 26% below the price. Compare with Southern Copper Corporation →

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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 · 69 stocks

Beats the industry median on 3/5 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 27 · Bottom 25%
Fair Value upside −25.8% · Above median
Profitability
Return on assets −9.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 514.2% · Top 25%

Valuation Multiplesvs Copper median · lower = cheaper

P/B 1.05× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 35
HEALTH (low debt)0 · sector 93
DIVIDEND (yield)0 · sector 26

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

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 Compare
China Nonferrous Mining Corporation 1258 HK$11.79 HK$13.81 +17% vs QML
Lundin Mining Corporation LUN C$30.74 C$34.62 +13% vs QML
MMG Limited 1208 HK$7.01 HK$7.51 +7% vs QML
Southern Copper Corporation SCCO $170.36 $157.21 −8% vs QML
Capstone Copper Corp CS C$11.21 C$9.67 −14% vs QML
Jiangxi Copper Company 600362 ¥32.80 ¥25.86 −21% vs QML
Hudbay Minerals Inc HBM $21.95 $16.39 −25% vs QML
Tongling Nonferrous Metals Group 000630 ¥4.95 ¥2.16 −56% vs QML
First Quantum Minerals Ltd FM C$34.16 C$14.80 −57% vs QML
Freeport-McMoRan Inc FCX $60.31 $16.51 −73% vs QML

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Qmines Ltd: fair value per Fair Value Calculator

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 Nov 10, 2026, our estimate of fair value is A$0.0408 versus a price of A$0.0550, about 26% lower (overvalued).
What is the fair value of QML?
Our estimate for Qmines Ltd is A$0.0408 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0550.
What is the quality score of QML?
Qmines Ltd has a Quality Score of 27/100. 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 calculated price target is the estimate of A$0.0408 (as of Nov 10, 2026). Cautious scenario A$0.0368, optimistic scenario A$0.0448. 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 Qmines Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0408, about 26% lower versus a price of A$0.0550 (overvalued). Cautious scenario A$0.0368, optimistic scenario A$0.0448. 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$159K (latest available figure, as of Nov 10, 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$0.0408 per share (as of Nov 10, 2026), against a price of A$0.0550.
Is Qmines Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, QML trades above its calculated fair value: price A$0.0550, fair value A$0.0408, a gap of about −26% (overvalued). 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$0.0550); the fair value is what the company's own numbers justify (A$0.0408). For Qmines Ltd the two are A$0.0142 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$39.5M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0550; our models calculate a fair value of A$0.0408 per share.
What do the bullish and bearish scenarios say about QML?
Our models span a range for Qmines Ltd: cautious scenario A$0.0368, base A$0.0408, optimistic A$0.0448 per share (as of Nov 10, 2026, price A$0.0550). 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 Nov 10, 2026): return on equity −14.1%. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is QML from its 52-week high?
Qmines Ltd trades at A$0.0550, about 31% below its 52-week high of A$0.0800 and 28% above the low of A$0.0430 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0408 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 Nov 10, 2026: price A$0.0550, calculated fair value A$0.0408 (−26%), Quality Score 27/100. 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. Qmines 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 Qmines Ltd (QML)?
The closing price on Nov 11, 2026 was A$0.0550. Our estimate is A$0.0408, about 26% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Qmines Ltd right now?
The price sits above even our optimistic bull case (A$0.0448). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Qmines Ltd

How large is the market capitalisation of Qmines Ltd (QML)?
The market capitalisation of Qmines Ltd is A$39.5M (≈ $27.1M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Qmines Ltd (QML)?
Earnings per share at Qmines Ltd are A$−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 −14.1% (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 −17.7% (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 −2,046% (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 +514% 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$10.7M (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 Qmines Ltd (QML) hold?
Qmines Ltd holds more cash than debt, A$4.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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