Salter Brothers Emerging Companies Ltd (SB2) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Salter Brothers Emerging Companies Ltd stock A$0.67, price A$0.55, upside +22.9%, quality 63 out of 100. Rating: undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range A$0.4727 – A$0.9087 · fair‑value band A$0.5000 – A$0.8400 · the A$0.5450 price screens below the A$0.6700 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
Follow Salter Brothers Emerging Companies in your weekly email
Every Wednesday you see whether Salter Brothers Emerging Companies is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Salter Brothers Emerging Companies Limited, an investment company, focuses on a portfolio of investment opportunities, primarily in Australian listed and unlisted securities. The company was incorporated in 2020 and is based in Melbourne, Australia.
Stock analysis
Salter Brothers Emerging Companies Ltd (SB2) currently trades at A$0.5450, while our model-based Fair Value estimate is A$0.6700, implying the stock looks roughly 19% undervalued today.
Show more
Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: A$0.5000 (bear) to A$0.8400 (bull), the price of A$0.5450 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 63/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Salter Brothers Emerging Companies Ltd reported revenue of A$3.6M in FY2026 versus −A$8.3M in FY2022. Reported net income was −A$7.9M in FY2026.
Key figures
Market cap A$51.4M (≈ $35.5M) Micro · P/E ratio 4.2 · EPS (TTM) A$0.1300 · Dividend yield 7.3% · Return on equity −9.8% · Return on assets (EBIT) −3.9% (5-year average) · Operating margin 107% · Revenue (TTM) −A$9.2M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 43 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 23%, SB2 screens cheaper than that median.
Fair Value models
BearA$0.5000Fair Value A$0.6700BullA$0.8400
Price A$0.5450 · Upside +22.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.0325 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. 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.Coverage ⓘCoverage = 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.11/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−47.8%
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.
−4.0%
Start year 2021 (pandemic)
’21
’24
’25
’26
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
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−9.7%
The company could shrink this much every year for the next five years and today's price would still be justified.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about −12.3% a year for the price.
Compare Salter Brothers Emerging Companies Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Asset Management · 587 stocks
Beats the industry median on 7/9 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+22.9% · Above median
Profitability
Return on assets−10.3% · Bottom 25%
Operating margin (12 months)107.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−45.2% · Bottom 25%
Dividend yield (12 months)7.3% · Top 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
P/E (12 months)4.2× · Cheapest 25%
P/B0.47× · Cheapest 25%
Price / free cash flow (fiscal year)6.7× · Cheaper than median
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 Salter Brothers Emerging Companies Ltd (SB2) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$0.6700 versus a price of A$0.5450, about +23% upside (undervalued).
What is the fair value of SB2?
Our model-based fair value for Salter Brothers Emerging Companies Ltd is A$0.6700 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$0.5450.
What is the quality score of SB2?
Salter Brothers Emerging Companies Ltd has a Quality Score of 63/100. 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 Salter Brothers Emerging Companies Ltd (SB2)?
Our model-based price target is the fair value of A$0.6700 (as of Nov 9, 2026) from 2 valuation models. Cautious scenario A$0.5000, optimistic scenario A$0.8400. It is a calculation from audited fundamentals, not an analyst target.
What is the Salter Brothers Emerging Companies Ltd stock forecast for 2026?
Our models put fair value at A$0.6700, about +23% upside versus a price of A$0.5450 (undervalued). Cautious scenario A$0.5000, optimistic scenario A$0.8400. The calculation is refreshed regularly with new filings.
Does Salter Brothers Emerging Companies Ltd pay a dividend?
Salter Brothers Emerging Companies Ltd currently shows a dividend yield of 7.34% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Salter Brothers Emerging Companies Ltd (SB2) and when is the ex-dividend date?
Salter Brothers Emerging Companies Ltd pays a dividend of A$0.04 per share a year, a dividend yield of 7.3%. The last ex-dividend date was Sep 24, 2026. The payout ratio is 30.8% of earnings. Free cash flow covers the dividend 1.40 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Salter Brothers Emerging Companies Ltd (SB2)?
For today's price to be fair in a discounted-cash-flow model, Salter Brothers Emerging Companies Ltd would have to grow free cash flow by -9.7 % per year for five years (discount rate 8.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -4.0 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of SB2 use?
Our models discount Salter Brothers Emerging Companies Ltd at 8.5 %: a base by market capitalisation (nano), damped by beta 0.57, country premium for Australia. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Salter Brothers Emerging Companies Ltd that is -9.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (8.5 %) and the same formula as our fair value.
How much growth has Salter Brothers Emerging Companies Ltd (SB2) delivered so far?
Over the past 5 years revenue at Salter Brothers Emerging Companies Ltd grew -4.0 % a year. The price currently implies free-cash-flow growth of -9.7 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Salter Brothers Emerging Companies Ltd (SB2) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into Salter Brothers Emerging Companies Ltd (-9.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Salter Brothers Emerging Companies Ltd (SB2)?
The free-cash-flow yield on the price is 11.50 %: that much free cash flow Salter Brothers Emerging Companies Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Salter Brothers Emerging Companies Ltd (SB2)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Salter Brothers Emerging Companies Ltd it is A$0.6700 per share (as of Nov 9, 2026), against a price of A$0.5450. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Salter Brothers Emerging Companies Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, SB2 trades below its calculated fair value: price A$0.5450, fair value A$0.6700, a gap of about +23% (undervalued). 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 SB2?
No. The price is what the market pays today (A$0.5450); the fair value is what the company's own numbers justify (A$0.6700). For Salter Brothers Emerging Companies Ltd the two are A$0.1250 per share apart. That gap is exactly why we show both numbers side by side.
How much is Salter Brothers Emerging Companies Ltd worth?
The market values Salter Brothers Emerging Companies Ltd at about A$51.4M (market capitalisation, as of Nov 9, 2026). Per share that is A$0.5450; our models calculate a fair value of A$0.6700 per share.
What do the bullish and bearish scenarios say about SB2?
Our models span a range for Salter Brothers Emerging Companies Ltd: cautious scenario A$0.5000, base A$0.6700, optimistic A$0.8400 per share (as of Nov 9, 2026, price A$0.5450). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SB2?
Salter Brothers Emerging Companies Ltd trades at a price-to-earnings ratio of 4.2 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$0.6700 is built from several models across several years. Other multiples: P/B 0.5.
How solid is the balance sheet of Salter Brothers Emerging Companies Ltd (SB2)?
Balance-sheet figures for Salter Brothers Emerging Companies Ltd (as of Nov 9, 2026): return on equity −9.8%. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is SB2 from its 52-week high?
Salter Brothers Emerging Companies Ltd trades at A$0.5450, about 29% below its 52-week high of A$0.7659 and 5% above the low of A$0.5200 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.6700 is for.
Which stocks are comparable to Salter Brothers Emerging Companies Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Salter Brothers Emerging Companies Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price A$0.5450, calculated fair value A$0.6700 (+23%), Quality Score 63/100, from 2 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 SB2 calculated?
We run Salter Brothers Emerging Companies Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.6700 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Salter Brothers Emerging Companies Ltd currently trades 19% below its own fair value, and the market average says nothing about that. 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 Salter Brothers Emerging Companies Ltd (SB2)?
The closing price on Nov 9, 2026 was A$0.5450. Our model-based fair value is A$0.6700, about +23% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Salter Brothers Emerging Companies Ltd right now?
Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Salter Brothers Emerging Companies Ltd
How large is the market capitalisation of Salter Brothers Emerging Companies Ltd (SB2)?
The market capitalisation of Salter Brothers Emerging Companies Ltd is A$51.4M (≈ $35.5M). 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 Salter Brothers Emerging Companies Ltd (SB2)?
Earnings per share at Salter Brothers Emerging Companies Ltd are A$0.1300 (price ÷ EPS = P/E 4.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Salter Brothers Emerging Companies Ltd (SB2)?
The dividend yield of Salter Brothers Emerging Companies Ltd is 7.3% (payout 30.8%). 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 return on equity of Salter Brothers Emerging Companies Ltd (SB2)?
The return on equity (ROE) of Salter Brothers Emerging Companies Ltd is −9.8% (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 Salter Brothers Emerging Companies Ltd (SB2)?
On an EBIT basis the return on assets of Salter Brothers Emerging Companies Ltd is −3.9% (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 Salter Brothers Emerging Companies Ltd (SB2)?
The operating margin of Salter Brothers Emerging Companies Ltd is 107% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How much revenue does Salter Brothers Emerging Companies Ltd (SB2) generate?
Salter Brothers Emerging Companies Ltd generates revenue of −A$9.2M (last twelve months). Revenue of the last twelve months (TTM), the most recent full year, not the calendar year.
How fast is revenue growing at Salter Brothers Emerging Companies Ltd (SB2)?
Revenue at Salter Brothers Emerging Companies Ltd is growing −45.2% versus a year earlier. 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 Salter Brothers Emerging Companies Ltd (SB2)?
Earnings per share at Salter Brothers Emerging Companies Ltd are growing −42.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Salter Brothers Emerging Companies Ltd (SB2) hold?
Salter Brothers Emerging Companies Ltd holds more cash than debt, A$3.5M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Salter Brothers Emerging Companies Ltd in the live analysis
One click puts Salter Brothers Emerging Companies Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 9, 2026