S2 Resources Ltd (S2R) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of S2 Resources Ltd A$0.03, price A$0.06, upside -53.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range A$0.0510 – A$0.2250 · the A$0.0630 price screens above the A$0.0296 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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S2 Resources Ltd engages in the exploration and evaluation of mineral properties in Australia and Finland. It primarily explores for gold, nickel, copper, base metals, palladium, and platinum-group elements deposits. S2 Resources Ltd was incorporated in 2015 and is based in Darch, Australia.
Stock analysis
S2 Resources Ltd (S2R) currently trades at A$0.0630, while our model-based Fair Value estimate is A$0.0296, implying the stock looks roughly 112.9% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 48/100 (below-average quality), in the Basic Materials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
S2 Resources Ltd reported revenue of A$202K in FY2025 versus A$56.3K in FY2021, a compound +37.6%/yr. Reported net income was −A$2.6M in FY2025.
Key figures
Market cap A$36.7M (≈ $25.7M) · P/E ratio 6.3 · EPS (TTM) A$0.0100 · Net margin 5,386% · Return on equity 40.8% · Return on assets (EBIT) −66.6% · Operating margin −3,524% · Revenue (TTM) A$137K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 24% 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 −53%, S2R screens richer than that median.
Fair Value models
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (A$0.0100 per share) are deliberately not added.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 ⓘ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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−57.0%
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.
+6.5%
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.
+22.0%
Start year 2020 (pandemic)
Revenue growth 9 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.
−7.0%
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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.
−8,880.9% (2020) → −3,042.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
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.Other Industrial Metals & Mining · 457 stocks
Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score46 · Above median
Fair Value upside−53% · Below median
Profitability
Return on equity (TTM)41% · Top 25%
Return on assets−19% · Bottom 25%
Growth and dividend
Revenue growth−43% · Bottom 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/E (TTM)6.3× · Cheapest 25%
P/B2.82× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 36
PAST (return on equity)100· sector 0
HEALTH (low debt)0· sector 96
DIVIDEND (yield)0· sector 30
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 S2 Resources Ltd (S2R) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0296 versus a price of A$0.0630, about −53% upside (overvalued).
What is the fair value of S2R?
Our model-based fair value for S2 Resources Ltd is A$0.0296 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0630.
What is the quality score of S2R?
S2 Resources Ltd has a Quality Score of 48/100. 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 S2 Resources Ltd (S2R)?
Our model-based price target is the fair value of A$0.0296 (as of Sep 23, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the S2 Resources Ltd stock forecast for 2026?
Our models put fair value at A$0.0296, about −53% upside versus a price of A$0.0630 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of S2 Resources Ltd (S2R)?
S2 Resources Ltd reported trailing-twelve-month revenue of about A$137K (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of S2 Resources Ltd (S2R)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For S2 Resources Ltd it is A$0.0296 per share (as of Sep 23, 2026), against a price of A$0.0630. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is S2 Resources Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, S2R trades above its calculated fair value: price A$0.0630, fair value A$0.0296, a gap of about −53% (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 S2R?
No. The price is what the market pays today (A$0.0630); the fair value is what the company's own numbers justify (A$0.0296). For S2 Resources Ltd the two are A$0.0334 per share apart. That gap is exactly why we show both numbers side by side.
How much is S2 Resources Ltd worth?
The market values S2 Resources Ltd at about A$36.7M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0630; our models calculate a fair value of A$0.0296 per share.
What is the P/E ratio of S2R?
S2 Resources Ltd trades at a price-to-earnings ratio of 6.3 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.0296 is built from several models across several years. Other multiples: P/B 2.8.
How solid is the balance sheet of S2 Resources Ltd (S2R)?
Balance-sheet figures for S2 Resources Ltd (as of Sep 23, 2026): return on equity 40.8%. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is S2R from its 52-week high?
S2 Resources Ltd trades at A$0.0630, about 48% below its 52-week high of A$0.1200 and 24% above the low of A$0.0510 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0296 is for.
Which stocks are comparable to S2 Resources Ltd?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, China Tungsten And Hightech Materials Co, 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 S2 Resources Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0630, calculated fair value A$0.0296 (−53%), Quality Score 48/100, from 1 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 S2R calculated?
We run S2 Resources Ltd through 1 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 A$0.0296, 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 13.0 % above its aggregate fair value. S2 Resources 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 S2 Resources Ltd (S2R)?
The closing price on Sep 24, 2026 was A$0.0630. Our model-based fair value is A$0.0296, about −53% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with S2 Resources Ltd right now?
The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of S2 Resources Ltd
How large is the market capitalisation of S2 Resources Ltd (S2R)?
The market capitalisation of S2 Resources Ltd is A$36.7M (≈ $25.7M). 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 are the earnings per share of S2 Resources Ltd (S2R)?
Earnings per share at S2 Resources Ltd are A$0.0100 (price ÷ EPS = P/E 6.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of S2 Resources Ltd (S2R)?
The net margin of S2 Resources Ltd is 5,386% (last twelve months). 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 S2 Resources Ltd (S2R)?
The return on equity (ROE) of S2 Resources Ltd is 40.8% (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 S2 Resources Ltd (S2R)?
On an EBIT basis the return on assets of S2 Resources Ltd is −66.6% (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 S2 Resources Ltd (S2R)?
The operating margin of S2 Resources Ltd is −3,524% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at S2 Resources Ltd (S2R)?
Revenue at S2 Resources Ltd is growing −42.7% versus a year earlier (3y avg +6.5%). 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 S2 Resources Ltd (S2R)?
Earnings per share at S2 Resources Ltd are growing +364% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does S2 Resources Ltd (S2R) generate?
The free cash flow of S2 Resources Ltd is −A$5.2M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does S2 Resources Ltd (S2R) hold?
S2 Resources Ltd holds more cash than debt, A$3.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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