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Rand Mining Limited (RND) Fair Value & Analysis

Basic Materials · AU · Market cap A$131M

RM Rand Mining Limited RND · AU
PriceA$2.20
Fair ValueA$3.93
Upside+78.6%
Quality71/100
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Mixed Growth
Highly profitable · 34.8% net margin
Low debt · generates free cash flow
4.33% dividend yield
Ranks above peers (12/14)
Wide moat 77/100
Evidence: High Range A$2.94 – A$4.91 Share as image

Fair value as of: Jul 14, 2026

From 24 valuation models · updated 27 days ago

Share price −4.8% over the past month.

A solid business, screening 79% undervalued on our models.

What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (A$2.94). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

A$2.87 A$0.9838 Fair Value A$3.93 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 14, 2026.

How to read this chart

60‑month range A$0.9838 – A$2.87 · fair‑value band A$2.94 – A$4.91 · the A$2.20 price screens below the A$3.93 fair value. Dashed = 300-day average. As of Jul 14, 2026.

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Analysis

Rand Mining Limited (RND) currently trades at A$2.20, while our model-based Fair Value estimate is A$3.93, implying the stock looks roughly 78.6% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Rand Mining Limited generated revenue of A$43.9M at a net margin of 34.8%. Revenue grew 2.3% year over year. It earns a return on equity of 14.4%. The balance sheet holds a net cash position of A$3.6M. Fundamentals as of Jul 14, 2026

Our scenario range runs from A$2.94 (bear case) to A$4.91 (bull case); at A$2.20, the current price sits below 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 about 24% below its 52-week high and 34% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 16% fair-value upside, at 79%, RND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Growth DCF A$1.23 A$1.95 A$3.07 80
Residual Income A$1.57 A$1.74 A$2.45 76
Rev-Margin DCF A$1.15 A$1.93 A$3.56 74
All 24 models by family
DCF Models
FCF DCF A$1.31 A$1.81 A$3.28 38
Owner Earnings A$1.49 A$2.87 A$5.28 31
5Y Revenue Exit A$1.05 A$1.69 A$3.02 39
5Y EBITDA Exit A$3.59 A$6.82 A$13.16 41
5Y P/E Exit A$2.40 A$5.54 A$9.84 38
10Y Revenue Exit A$1.12 A$2.15 A$2.74 36
10Y EBITDA Exit A$2.73 A$6.81 A$14.18 37
10Y P/E Exit A$1.99 A$4.62 A$9.03 35
Earnings-Based
Graham-Dodd A$1.57 A$10.95 A$15.37 54
Lynch FV A$5.66 A$8.08 A$10.51 50
PEG = 1.0 A$5.66 A$8.08 A$10.51 46
EPV A$2.91 A$3.25 A$3.53 59
Multiples
P/E Multiple A$2.94 A$3.93 A$4.91 63
P/S Multiple A$0.8600 A$1.14 A$1.43 58
P/B Multiple A$2.94 A$3.93 A$4.91 55
EV/EBIT A$5.33 A$7.09 A$8.85 53
EV/EBITDA A$4.84 A$6.44 A$8.04 54
EV/Revenue A$0.8500 A$1.20 A$1.54 43
Asset-Based
NCAV (Graham) A$0.9300 A$1.25 A$1.87 50
Growth DCF
Growth DCF A$1.23 A$1.95 A$3.07 80
Rev-Margin DCF A$1.15 A$1.93 A$3.56 74
Economic Profit
Residual Income A$1.57 A$1.74 A$2.45 76
ROIC Compounder A$3.57 A$5.08 A$5.82 72
Growth Earnings
Growth-Adj P/E A$6.96 A$9.94 A$12.93 68

Widest divergence: Growth Earnings (A$9.94) versus Asset-Based (A$1.25). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) A$43.9M
Revenue growth (YoY) +2.3%
Net margin 34.8%
Return on equity 14.4%
Free cash flow A$6.0M FY2025
P/E ratio 10.0
More key figures
Operating margin 54.5%
EPS (TTM) A$0.2300
Dividend yield 4.3%
EPS growth (YoY) +26.0%
Net cash A$3.6M FY2025

Figures from reported company fundamentals · as of Jul 14, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 68 · Market factors (momentum, volatility) 52

Profitability 58
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 57
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 60
Calm price path (market factor)
Momentum 44
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 82
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.

About the company

Rand Mining Limited engages in the exploration, development, and production of mineral properties in Australia. It explores for silver and gold deposits. The company holds a 12.25% interest in the East Kundana Joint Venture located to the west northwest of Kalgoorlie and north east of Coolgardie. It also has a 50% interest in the Seven Mile Hill project.

Full company description

Rand Mining Limited engages in the exploration, development, and production of mineral properties in Australia. It explores for silver and gold deposits. The company holds a 12.25% interest in the East Kundana Joint Venture located to the west northwest of Kalgoorlie and north east of Coolgardie. It also has a 50% interest in the Seven Mile Hill project. The company was formerly known as Rand Mining N.L. Rand Mining Limited was incorporated in 1966 and is based in South Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Rand Mining Limited reported revenue of A$43.3M in FY2025 versus A$43.2M in FY2021, a compound +0.0%/yr. Reported net income was A$13.1M in FY2025, compounding −3.6%/yr from FY2021.

Growth Quality 69/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$43.3M
Latest YoY
+24.5%
Avg. 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.
+10.5%
Avg. growth/yr (36Y) 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.
+6.8%
Revenue +0.0%/yr
FY21 A$43.2M
FY22 A$32.1M
FY23 A$30.1M
FY24 A$34.8M
FY25 A$43.3M
Net income −3.6%/yr
FY21 A$15.2M
FY22 A$10.7M
FY23 A$8.2M
FY24 A$6.7M
FY25 A$13.1M
Character of growth · EPS growth decomposed (2014-2025) +1.7 % p.a.
Revenue per share +3.4 pp

of which total revenue +2.7 pp · buybacks/dilution +0.7 pp

EBIT margin +4.6 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −6.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Gold · 259 stocks

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.

Quality Score 71 · Top 25%
Fair Value upside +79% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 12% · Above median
Net margin (TTM) 35% · Top 25%
Operating margin (TTM) 54% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 4.3% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 10.0× · Cheaper than median
P/B 0.87× · Cheaper than 75% of peers
P/S (TTM) 2.12× · Cheaper than median
P/FCF 15.4× · Pricier than median
EV/EBITDA 3.1× · Cheaper than 75% of peers

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.

VALUE 100 · sector 0
FUTURE 12 · sector 100
PAST 58 · sector 0
HEALTH 100 · sector 98
DIVIDEND 87 · sector 24

Insider activity: 40/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Gold stocks, each showing price versus our Fair Value estimate (as of Jul 14, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $112.00 $132.73 +19%
Zijin Mining Group 601899 ¥28.36 ¥30.58 +8%
Agnico Eagle Mines Limited AEM C$191.93 C$154.33 -20%
Barrick Mining Corporation B $34.93 $50.66 +45%
Wheaton Precious Metals Corp WPM C$152.57 C$52.47 -66%
Franco-Nevada Corporation FNV C$284.75 C$97.76 -66%
AngloGold Ashanti plc AU $76.35 $88.63 +16%
Gold Fields Limited GFI $33.33 $59.06 +77%
Kinross Gold Corporation KGC $22.57 $34.62 +53%
Northern Star Resources Limited NST A$20.48 A$15.98 -22%

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Frequently asked questions

Is Rand Mining Limited (RND) overvalued or undervalued?
As of Jul 14, 2026, our model estimates a fair value of A$3.93 versus a price of A$2.20, about +79% (undervalued).
What is the fair value of RND?
Our model-based fair value for Rand Mining Limited is A$3.93 (as of Jul 14, 2026), built from audited fundamentals. The current price is A$2.20.
What is the quality score of RND?
Rand Mining Limited has a Quality Score of 71/100. 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 revenue of Rand Mining Limited (RND)?
Rand Mining Limited reported trailing-twelve-month revenue of about A$43.9M (latest available figure, as of Jul 14, 2026).
What is the net profit margin of RND?
The net profit margin of Rand Mining Limited is about 34.8%, meaning it keeps roughly 34.8% of revenue as net income. Based on the latest reported figures.
Does Rand Mining Limited pay a dividend?
Rand Mining Limited currently shows a dividend yield of about 4.00% relative to its recent price (as of Jul 14, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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