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Ragnar Metals Ltd (RAG) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Ragnar Metals Ltd stock A$0.01, price A$0.01, that is 2.0% below the price, quality 39 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 · ISIN AU0000031304

RM Ragnar Metals Ltd logo Thin data Nov 10, 2026

Ragnar Metals Ltd

RAG · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Ranks above peers (7/10)
Fair value A$0.0137 · Fairly valued
Mixed Growth (revenue 5y +371.9 %/yr in AUD)
Quality 39/100
Loss-making · -3.9% net margin (TTM)
Negative free cash flow
Narrow moat 33/100 · thin data
Thin data
⟳ CyclicalEstimate⚠ Thinly traded
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What runs behind every stock

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

Price vs Fair Value

A$3.19 A$0.0114 Fair Value A$0.0137 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$0.0114 – A$3.19 · fair‑value band A$0.0133 – A$0.0141 · the A$0.0140 price screens above the A$0.0137 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

Ragnar Metals Limited engages in the exploration and evaluation of mineral properties in Sweden and Western Australia. The company explores for nickel, gold, silver, copper, rare earth elements, lithium, and base metals.

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Ragnar Metals Limited was incorporated in 2004 and is based in West Perth, Australia.

Stock analysis

Ragnar Metals Ltd (RAG) currently trades at A$0.0140, while our estimate is A$0.0137, 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$0.0133 (bear) to A$0.0141 (bull), the price of A$0.0140 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 39/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Ragnar Metals Ltd reported revenue of A$1.2M in FY2025 versus A$100 in FY2021, a compound +950.3%/yr. Reported net income was −A$55.6K in FY2026.

Key figures

Market cap A$6.8M (≈ $4.7M) Micro · P/S ratio 5.17 · Return on equity −0.5% · Return on assets (EBIT) −9.2% (5-year average) · Operating margin 123% · Revenue (TTM) A$1.4M · Revenue growth (YoY) +11.7% · Free cash flow −A$710K.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (low confidence).

What moves the price

The share trades about 62% below its 52-week high and 17% 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%, RAG screens cheaper than that median.

Fair Value

Bear A$0.0133 Fair Value A$0.0137 Bull A$0.0141
Price A$0.0140 · Downside -2.0%
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 39/100

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

Profitability 7
How much profit the company makes from its sales and capital
Quality Growth 51
Are margins and returns getting better?
Cashflow 50
Do the profits arrive as real cash?
Financial strength 77
Debt, balance sheet and risk of trouble
Investment 33
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 9
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 10
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. 36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+263.0%
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.
+265.5%
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.
+371.9%
Start year 2020 (pandemic). Over 10 years: +28.6% a year
Revenue growth 20 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.
+21.2%
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.
−92,671.3% (2020) → −12.8% (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

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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 6/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 39 · Above median
Fair Value upside −2.1% · Top 25%
Profitability
Return on assets −0.5% · Above median
Net margin (12 months) −3.9% · Below median
Operating margin (12 months) 122.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY) 11.7% · Above median

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

P/B 0.56× · Cheapest 25%
P/S (12 months) 4.82× · Pricier than median
EV/EBITDA 15.4× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)31 · sector 4
FUTURE (revenue growth)59 · 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 RAG
Saudi Arabian Mining Company 1211 57.00 SAR 64.24 SAR +13% vs RAG
Western Mining Co 601168 ¥28.25 ¥30.98 +10% vs RAG
Hindustan Zinc Limited HINDZINC ₹575.95 ₹624.91 +9% vs RAG
Boliden AB BOL kr 515.20 kr 464.45 −10% vs RAG
BHP Group BHP A$60.39 A$47.47 −21% vs RAG
Zhejiang Huayou Cobalt Co 603799 ¥32.69 ¥25.57 −22% vs RAG
Korea Zinc Company 010130 967,000 KRW 649,125 KRW −33% vs RAG
CMOC Group 603993 ¥13.71 ¥6.82 −50% vs RAG
China Tungsten And Hightech Materials Co 000657 ¥40.90 ¥4.44 −89% vs RAG

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Ragnar Metals Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ragnar Metals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/RAG

Frequently asked questions

Is Ragnar Metals Ltd (RAG) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0137 versus a price of A$0.0140, about 2% lower (fairly valued).
What is the fair value of RAG?
Our estimate for Ragnar Metals Ltd is A$0.0137 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0140.
What is the quality score of RAG?
Ragnar Metals Ltd has a Quality Score of 39/100. 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 Ragnar Metals Ltd (RAG)?
Our calculated price target is the estimate of A$0.0137 (as of Nov 10, 2026). Cautious scenario A$0.0133, optimistic scenario A$0.0141. 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 Ragnar Metals Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0137, about 2% lower versus a price of A$0.0140 (fairly valued). Cautious scenario A$0.0133, optimistic scenario A$0.0141. The calculation is refreshed regularly with new filings.
What is the revenue of Ragnar Metals Ltd (RAG)?
Ragnar Metals Ltd reported trailing-twelve-month revenue of about A$1.4M (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Ragnar Metals Ltd (RAG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ragnar Metals Ltd it is A$0.0137 per share (as of Nov 10, 2026), against a price of A$0.0140.
Is Ragnar Metals Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, RAG trades above its calculated fair value: price A$0.0140, fair value A$0.0137, 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 RAG?
No. The price is what the market pays today (A$0.0140); the fair value is what the company's own numbers justify (A$0.0137). For Ragnar Metals Ltd the two are A$0.0003 per share apart. That gap is exactly why we show both numbers side by side.
How much is Ragnar Metals Ltd worth?
The market values Ragnar Metals Ltd at about A$6.8M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0140; our models calculate a fair value of A$0.0137 per share.
What do the bullish and bearish scenarios say about RAG?
Our models span a range for Ragnar Metals Ltd: cautious scenario A$0.0133, base A$0.0137, optimistic A$0.0141 per share (as of Nov 10, 2026, price A$0.0140). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ragnar Metals Ltd (RAG)?
Balance-sheet figures for Ragnar Metals Ltd (as of Nov 10, 2026): return on equity −0.5%. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is RAG from its 52-week high?
Ragnar Metals Ltd trades at A$0.0140, about 62% below its 52-week high of A$0.0370 and 17% above the low of A$0.0120 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0137 is for.
Which stocks are comparable to Ragnar Metals 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 Ragnar Metals Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0140, calculated fair value A$0.0137 (−2%), Quality Score 39/100. 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. Ragnar Metals 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 Ragnar Metals Ltd (RAG)?
The closing price on Nov 11, 2026 was A$0.0140. Our estimate is A$0.0137, about 2% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ragnar Metals 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$0.0133 to A$0.0141), 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 Ragnar Metals Ltd

How large is the market capitalisation of Ragnar Metals Ltd (RAG)?
The market capitalisation of Ragnar Metals Ltd is A$6.8M (≈ $4.7M). 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 Ragnar Metals Ltd (RAG)?
The price-to-sales ratio of Ragnar Metals Ltd is 5.17 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of Ragnar Metals Ltd (RAG)?
The return on equity (ROE) of Ragnar Metals Ltd is −0.5% (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 Ragnar Metals Ltd (RAG)?
On an EBIT basis the return on assets of Ragnar Metals Ltd is −9.2% (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 Ragnar Metals Ltd (RAG)?
The operating margin of Ragnar Metals Ltd is 123% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ragnar Metals Ltd (RAG)?
Revenue at Ragnar Metals Ltd is growing +11.7% versus a year earlier (3y avg +265%). 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 Ragnar Metals Ltd (RAG) generate?
The free cash flow of Ragnar Metals Ltd is −A$710K (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 Ragnar Metals Ltd (RAG) hold?
Ragnar Metals Ltd holds more cash than debt, A$233K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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