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Resolute Mining Limited (RSG) Fair Value & Analysis

Basic Materials · GB · Market cap 1.0B GBX · ISIN AU000000RSG6

What is Resolute Mining Limited really worth?

RM Resolute Mining Limited RSG · LSE
Price£0.7480
Fair Value£0.6700
Upside−10.4%
Quality64/100

A solid business, but trading 12% above our fair value of £0.6700.

As of Aug 20, 2026, the fair value of Resolute Mining Limited is £0.6700 per share against a price of £0.7480, so the fair value sits 10% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +8.2 %/yr)
Solidly profitable · 14.9% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 71/100

Risks

!Weak on valuation: 19 out of 100
!Weak on dividend: 18 out of 100
Evidence: High Range £0.4500 – £0.8300

Fair value as of: Aug 20, 2026

From 26 valuation models · updated 17 days ago

Fair value updated Aug 20, 2026, revised from £0.9100 to £0.6700 (−26.4%) since Aug 19, 2026. Share price +38.5% over the past month.

What runs behind every stock

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

What matters now

  • A fairly wide model range (£0.4500 to £0.8300) leaves room in how you read the outcome.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

£0.8500 £0.0886 Fair Value £0.6700 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range £0.0886 – £0.8500 · fair‑value band £0.4500 – £0.8300 · the £0.7480 price screens above the £0.6700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Resolute Mining Limited (RSG) currently trades at £0.7480, while our model-based Fair Value estimate is £0.6700, implying the stock looks roughly 11.6% overvalued today. The Quality Score stands at 64/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of £1.11 per share, and 16 of the 26 models we run sit above the £0.7480 price. Bear case: the Dividend Discount group reads lowest at £0.0700, and 10 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Resolute Mining Limited generated revenue of £866M at a net margin of 14.9%. Revenue declined 9.0% year over year. It earns a return on equity of 25.6%. Net debt stands at £143M. Fundamentals as of Aug 20, 2026

Our scenario range runs from £0.4500 (bear case) to £0.8300 (bull case); at £0.7480, the current price sits within 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. For context, the median of 10 Basic Materials peers we cover trades at −12% fair-value upside, at −10%, RSG screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly £0.0341 per share, which is 5.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF best evidence £0.7000 £1.17 £1.88 79
Growth DCF £0.6900 £1.10 £1.69 77
Owner Earnings £0.7300 £1.21 £1.95 75
All 26 models by family
DCF Models
FCF DCF best evidence £0.7000 £1.17 £1.88 79
Owner Earnings £0.7300 £1.21 £1.95 75
5Y Revenue Exit £0.5300 £0.8600 £1.30 72
5Y EBITDA Exit £0.9700 £1.77 £2.78 73
5Y P/E Exit £0.6500 £1.11 £1.63 70
10Y Revenue Exit £0.5700 £0.8900 £1.36 66
10Y EBITDA Exit £0.8600 £1.51 £2.49 66
10Y P/E Exit £0.6600 £1.06 £1.61 63
Earnings-Based
Graham-Dodd £0.3600 £1.67 £2.30 64
Lynch FV £0.4400 £0.6300 £0.8200 61
PEG = 1.0 £0.4400 £0.6300 £0.8200 57
EPV £0.5300 £0.6000 £0.6600 74
Dividend Discount
Gordon GGM £0.0400 £0.0800 £0.1100 67
DDM Multi-Stage £0.0400 £0.0700 £0.0800 67
Multiples
P/E Multiple £0.6800 £0.9100 £1.13 63
P/S Multiple £0.4700 £0.6300 £0.7800 58
P/B Multiple £0.6800 £0.9100 £1.13 55
EV/EBIT £1.13 £1.50 £1.88 66
EV/EBITDA £1.25 £1.66 £2.08 67
EV/Revenue £0.4400 £0.6300 £0.8100 54
Asset-Based
NCAV (Graham) £0.1600 £0.2200 £0.3300 53
Growth DCF
Growth DCF £0.6900 £1.10 £1.69 77
Rev-Margin DCF £0.5300 £0.8600 £1.28 72
Economic Profit
Residual Income £0.3200 £0.4200 £1.15 67
ROIC Compounder £0.5800 £0.7400 £0.9400 72
Growth Earnings
Growth-Adj P/E £0.6300 £0.9000 £1.17 67

Widest divergence: DCF Models (£1.11) versus Dividend Discount (£0.0700). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 15.0
P/S ratio 1.91 P/E × margin
EPS (TTM) £0.0500 price ÷ EPS = P/E 15.0
Dividend yield 0.9% payout 13.3%
Net margin 12.8% FY2025
Return on equity 25.6% TTM
More key figures
Profitability
Return on assets (EBIT) 7.6% avg 5y
Operating margin 17.7% TTM
Growth
Revenue (TTM) £866M TTM
Revenue growth (YoY) −9.0% 3y avg +11.2%
EPS growth (YoY) +195%
Balance sheet & cash flow
Free cash flow 143M GBX FY2025
Net debt 143M GBX FY2025 · ≈ 1.0 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 63 · Market factors (momentum, volatility) 62

Profitability 57
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 76
Earnings quality: real cash, not paper profit
Fin. Strength 74
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 19
Calm price path (market factor)
Momentum 74
Price trend over the last 3–12 months (market factor)
52W Momentum 90
Distance to the 52-week high (market factor)
Net Issuance 37
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Resolute Mining Limited engages in mining, prospecting, and exploration of mineral properties in Africa. The company explores for gold and silver. Its flagship project is the Doropo Gold Project located in Côte d'Ivoire, West Africa.

Full company description

Resolute Mining Limited engages in mining, prospecting, and exploration of mineral properties in Africa. The company explores for gold and silver. Its flagship project is the Doropo Gold Project located in Côte d'Ivoire, West Africa. Resolute Mining Limited was formerly known as Resolute Limited and changed its name to Resolute Mining Limited in September 2001. The company was incorporated in 2001 and is based in Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Resolute Mining Limited reported revenue of $895M in FY2025 versus $549M in FY2021, a compound +13.0%/yr. Reported net income was $114M in FY2025.

Growth Quality 86/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
£895M
Latest YoY
+11.7%
Avg. revenue 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.
+11.2%
Avg. revenue growth/yr (5Y) 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.
+8.2%
Avg. revenue 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.
+16.8%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+30.4% · in GBP
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+29.5%
Dividend yield0.9%
Trend Two data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y 29.5% vs 10Y −5.8%, picking up
Operating margin (EBIT) 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.0.0% (2020) → 25.7% (2025) · rising
Worst earnings drop792% (2021) (loss year, drop beyond 100%) · in GBP
⚠ Revenue per share shrinking 4.6%/yr over ~10Y (margins intact) Structural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Revenue +13.0%/yr
FY21 $549M
FY22 $651M
FY23 $631M
FY24 $801M
FY25 $895M
Net income
FY21 −$367M
FY22 −$34.7M
FY23 $65.6M
FY24 −$28.3M
FY25 $114M
Character of growth · EPS growth decomposed (2014-2025) −8.8 % p.a.
Revenue per share −4.7 %

of which total revenue +5.9 % · buybacks/dilution −10.0 %

EBIT margin +1.0 %
Tax rate −3.9 %
Residual (interest, one-offs) −1.5 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

RSG screens 12% overvalued. Compare with Newmont Corporation →

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

Peer Group

Gold · 244 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 64 · Top 25%
Fair Value upside −10% · Above median
Return on equity (TTM) 26% · Top 25%
Return on assets 13% · Above median
Net margin (TTM) 15% · Above median
Operating margin (TTM) 18% · Below median
Revenue growth −9% · Bottom 25%
Dividend yield (TTM) 0.9% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Gold median · lower = cheaper

P/E (TTM) 15.0× · Pricier than median
P/B 1.98× · Cheaper than median
P/S (TTM) 1.61× · Cheaper than 75% of peers
P/FCF 9.7× · Cheaper than median
EV/EBITDA 5.0× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE19 · sector 0
FUTURE0 · sector 100
PAST100 · sector 1
HEALTH95 · sector 98
DIVIDEND18 · sector 20

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 Gold stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
Newmont Corporation NEMCL $128.00 $112.82 −12%
Zijin Mining Group 601899 ¥32.21 ¥39.42 +22%
Agnico Eagle Mines Limited AEM C$268.76 C$213.40 −21%
Barrick Mining Corporation B $41.23 $50.66 +23%
Franco-Nevada Corporation FNV $266.18 $96.63 −64%
Wheaton Precious Metals Corp WPM C$201.40 C$56.05 −72%
AngloGold Ashanti plc AU $97.92 $88.63 −9%
Kinross Gold Corporation KGC $30.87 $34.62 +12%
Royal Gold, Inc RGLD $262.85 $93.56 −64%
Northern Star Resources Limited NST A$23.19 A$15.98 −31%

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Frequently asked questions

Is Resolute Mining Limited (RSG) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of £0.6700 versus a price of £0.7480, about −10% upside (overvalued).
What is the fair value of RSG?
Our model-based fair value for Resolute Mining Limited is £0.6700 (as of Aug 20, 2026), built from audited fundamentals. The current price: £0.7480.
What is the quality score of RSG?
Resolute Mining Limited has a Quality Score of 64/100. 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 Resolute Mining Limited (RSG)?
Our model-based price target is the fair value of £0.6700 (as of Aug 20, 2026) from 26 valuation models. Cautious scenario £0.4500, optimistic scenario £0.8300. It is a calculation from audited fundamentals, not an analyst target.
What is the Resolute Mining Limited stock forecast for 2026?
Our models put fair value at £0.6700, about −10% upside versus a price of £0.7480 (overvalued). Cautious scenario £0.4500, optimistic scenario £0.8300. The calculation is refreshed regularly with new filings.
What is the revenue of Resolute Mining Limited (RSG)?
Resolute Mining Limited reported trailing-twelve-month revenue of about £866M (latest available figure, as of Aug 20, 2026).
What is the net profit margin of RSG?
The net profit margin of Resolute Mining Limited is about 14.9%, meaning it keeps roughly 14.9% of revenue as net income. Based on the latest reported figures.
Does Resolute Mining Limited pay a dividend?
Resolute Mining Limited currently shows a dividend yield of about 0.89% relative to its recent price (as of Aug 20, 2026).
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