SOUTHERN ALLIANCE MINING LTD. (QNS) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of SOUTHERN ALLIANCE MINING LTD. S$0.30, price S$0.41, upside -25.9%, quality 55 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Southern Alliance Mining Ltd., an investment holding company, engages in the exploration, mining, and processing of iron ores in Malaysia. The company primarily explores for iron ore, gold, precious and base metals, and rare earth deposits. Its flagship project, the Chaah Mine, is located in Johor, Malaysia.
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Southern Alliance Mining Ltd., an investment holding company, engages in the exploration, mining, and processing of iron ores in Malaysia. The company primarily explores for iron ore, gold, precious and base metals, and rare earth deposits. Its flagship project, the Chaah Mine, is located in Johor, Malaysia. The company also provides pipe coating materials and management services. Additionally, it is involved in the mining, quarrying, and trading of various minerals and materials, as well as the processing and sale of other precious and base metals. The company has a strategic alliance with Brazilian Critical Minerals Limited for the development and distribution of rare earth products. The company was incorporated in 2019 and is headquartered in Kuantan, Malaysia.
Stock analysis
SOUTHERN ALLIANCE MINING LTD. (QNS) currently trades at 0.4050 SGD, while our model-based Fair Value estimate is 0.3000 SGD, 25.9% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 0.1500 SGD per share, and 0 of the 4 models we run sit above the 0.4050 SGD price.
Bear case: the Asset-Based group reads lowest at 0.1100 SGD, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 0.2600 SGD (bear) to 0.3400 SGD (bull), the price of 0.4050 SGD 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 55/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
SOUTHERN ALLIANCE MINING LTD. reported revenue of 166M MYR in FY2024 versus 254M MYR in FY2020, a compound −10.1%/yr. Reported net income was −4.4M MYR in FY2024.
Key figures
Market cap 258M SGD (≈ $201M) · P/S ratio 1.03 · EPS (TTM) −0.0100 SGD · Dividend yield 1.3% · Net margin −2.7% · Return on equity −5.0% · Return on assets (EBIT) 14.7% · Operating margin −6.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 30% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −44% fair-value upside, at −26%, QNS screens cheaper than that median.
Fair Value models
Bear 0.2600 SGDFair Value 0.3000 SGDBull 0.3400 SGD
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.
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 inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+33.7%
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.
−24.6%
Revenue growth 5 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.
−2.6%
Revenue growth 7 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.
+14.6%
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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.
30.8% (2019) → −5.3% (2024)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2024 is a loss year, no rate is defined from a loss
Compare SOUTHERN ALLIANCE MINING LTD. with another stock
Price, fair value, quality and upside side by side.
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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.Steel · 406 stocks
Beats the industry median on 5/11 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−25.9% · Below median
Profitability
Return on assets−4.2% · Bottom 25%
Net margin (TTM)−8.0% · Bottom 25%
Operating margin (TTM)−6.3% · Bottom 25%
Growth and dividend
Revenue growth95.4% · Top 25%
Dividend yield (TTM)1.3% · Below median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Steel median · lower = cheaper
P/B0.60× · Cheaper than median
P/S (TTM)0.76× · Pricier than median
EV/EBITDA3.6× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 23
FUTURE (revenue growth)100· sector 24
PAST (return on equity)0· sector 18
HEALTH (low debt)99· sector 95
DIVIDEND (yield)26· sector 51
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is SOUTHERN ALLIANCE MINING LTD. (QNS) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of 0.3000 SGD versus a price of 0.4050 SGD, about −26% upside (overvalued).
What is the fair value of QNS?
Our model-based fair value for SOUTHERN ALLIANCE MINING LTD. is 0.3000 SGD (as of Sep 27, 2026), built from audited fundamentals. The current price: 0.4050 SGD.
What is the quality score of QNS?
SOUTHERN ALLIANCE MINING LTD. has a Quality Score of 55/100. 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 SOUTHERN ALLIANCE MINING LTD. (QNS)?
Our model-based price target is the fair value of 0.3000 SGD (as of Sep 27, 2026) from 4 valuation models. Cautious scenario 0.2600 SGD, optimistic scenario 0.3400 SGD. It is a calculation from audited fundamentals, not an analyst target.
What is the SOUTHERN ALLIANCE MINING LTD. stock forecast for 2026?
Our models put fair value at 0.3000 SGD, about −26% upside versus a price of 0.4050 SGD (overvalued). Cautious scenario 0.2600 SGD, optimistic scenario 0.3400 SGD. The calculation is refreshed regularly with new filings.
What is the revenue of SOUTHERN ALLIANCE MINING LTD. (QNS)?
SOUTHERN ALLIANCE MINING LTD. reported trailing-twelve-month revenue of about 266M MYR (latest available figure, as of Sep 27, 2026).
Does SOUTHERN ALLIANCE MINING LTD. pay a dividend?
SOUTHERN ALLIANCE MINING LTD. currently shows a dividend yield of about 1.32% relative to its recent price (as of Sep 27, 2026).
What is the intrinsic value of SOUTHERN ALLIANCE MINING LTD. (QNS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SOUTHERN ALLIANCE MINING LTD. it is 0.3000 SGD per share (as of Sep 27, 2026), against a price of 0.4050 SGD. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is SOUTHERN ALLIANCE MINING LTD. stock overvalued or undervalued in 2026?
As of Sep 27, 2026, QNS trades above its calculated fair value: price 0.4050 SGD, fair value 0.3000 SGD, 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 QNS?
No. The price is what the market pays today (0.4050 SGD); the fair value is what the company's own numbers justify (0.3000 SGD). For SOUTHERN ALLIANCE MINING LTD. the two are 0.1050 SGD per share apart. That gap is exactly why we show both numbers side by side.
How much is SOUTHERN ALLIANCE MINING LTD. worth?
The market values SOUTHERN ALLIANCE MINING LTD. at about 258M SGD (market capitalisation, as of Sep 27, 2026). Per share that is 0.4050 SGD; our models calculate a fair value of 0.3000 SGD per share.
What do the bullish and bearish scenarios say about QNS?
Our models span a range for SOUTHERN ALLIANCE MINING LTD.: cautious scenario 0.2600 SGD, base 0.3000 SGD, optimistic 0.3400 SGD per share (as of Sep 27, 2026, price 0.4050 SGD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SOUTHERN ALLIANCE MINING LTD. (QNS)?
Balance-sheet figures for SOUTHERN ALLIANCE MINING LTD. (as of Sep 27, 2026): return on equity −5.0%, debt of 0.03 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is QNS from its 52-week high?
SOUTHERN ALLIANCE MINING LTD. trades at 0.4050 SGD, about 30% below its 52-week high of 0.5750 SGD and 13% above the low of 0.3600 SGD (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 0.3000 SGD is for.
Which stocks are comparable to SOUTHERN ALLIANCE MINING LTD.?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel 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 SOUTHERN ALLIANCE MINING LTD. stock attractive at the current price?
The data as of Sep 27, 2026: price 0.4050 SGD, calculated fair value 0.3000 SGD (−26%), Quality Score 55/100, from 4 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 QNS calculated?
We run SOUTHERN ALLIANCE MINING LTD. through 4 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 0.3000 SGD, 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 14.5 % above its aggregate fair value. SOUTHERN ALLIANCE MINING 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 SOUTHERN ALLIANCE MINING LTD. (QNS)?
The closing price on Oct 1, 2026 was 0.4050 SGD. Our model-based fair value is 0.3000 SGD, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SOUTHERN ALLIANCE MINING LTD. right now?
The price sits above even our optimistic bull case (0.3400 SGD). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of SOUTHERN ALLIANCE MINING LTD.
How large is the market capitalisation of SOUTHERN ALLIANCE MINING LTD. (QNS)?
The market capitalisation of SOUTHERN ALLIANCE MINING LTD. is 258M SGD (≈ $201M). 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 SOUTHERN ALLIANCE MINING LTD. (QNS)?
The price-to-sales ratio of SOUTHERN ALLIANCE MINING LTD. is 1.03 (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 SOUTHERN ALLIANCE MINING LTD. (QNS)?
Earnings per share at SOUTHERN ALLIANCE MINING LTD. are −0.0100 SGD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of SOUTHERN ALLIANCE MINING LTD. (QNS)?
The dividend yield of SOUTHERN ALLIANCE MINING LTD. is 1.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of SOUTHERN ALLIANCE MINING LTD. (QNS)?
The net margin of SOUTHERN ALLIANCE MINING LTD. is −2.7% (fiscal year 2024). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of SOUTHERN ALLIANCE MINING LTD. (QNS)?
The return on equity (ROE) of SOUTHERN ALLIANCE MINING LTD. is −5.0% (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 SOUTHERN ALLIANCE MINING LTD. (QNS)?
On an EBIT basis the return on assets of SOUTHERN ALLIANCE MINING LTD. is 14.7% (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 SOUTHERN ALLIANCE MINING LTD. (QNS)?
The operating margin of SOUTHERN ALLIANCE MINING LTD. is −6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at SOUTHERN ALLIANCE MINING LTD. (QNS)?
Revenue at SOUTHERN ALLIANCE MINING LTD. is growing +95.4% versus a year earlier (3y avg −24.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at SOUTHERN ALLIANCE MINING LTD. (QNS)?
Earnings per share at SOUTHERN ALLIANCE MINING LTD. are growing −62.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does SOUTHERN ALLIANCE MINING LTD. (QNS) generate?
The free cash flow of SOUTHERN ALLIANCE MINING LTD. is −8.2M MYR (fiscal year 2024). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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