ST Barbara Ltd (SBM) fair value: what the stock is really worth
As of Sep 28, 2026: fair value of ST Barbara Ltd A$0.11, price A$0.83, upside -86.6%, quality 25 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 27, 2026.
How to read this chart
60‑month range A$0.1400 – A$0.9300 · fair‑value band A$0.0765 – A$0.1445 · the A$0.8250 price screens above the A$0.1105 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 3 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.
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St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold. The company also explores for silver deposits. It holds interest in the Simberi project located in the province of New Ireland, Papua New Guinea. The company was incorporated in 1969 and is based in Perth, Australia.
Stock analysis
ST Barbara Ltd (SBM) currently trades at A$0.8250, while our model-based Fair Value estimate is A$0.1105, implying the stock looks roughly 646.8% 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.
Scenario range: A$0.0765 (bear) to A$0.1445 (bull), the price of A$0.8250 sits above 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 25/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
ST Barbara Ltd reported revenue of A$216M in FY2025 versus A$740M in FY2021, a compound −26.5%/yr. Reported net income was −A$93.8M in FY2025.
Key figures
Market cap A$798M (≈ $561M) · P/S ratio 2.18 · Net margin −43.5% · Return on equity −1.5% · Return on assets (EBIT) −7.4% · Operating margin 2.2% · Revenue (TTM) A$247M · Revenue growth (YoY) +32.4%.
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 11% below its 52-week high and 101% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −87%, SBM screens richer than that median.
Fair Value models
Bear A$0.0765Fair Value A$0.1105Bull A$0.1445
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.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.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.0/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+9.0%
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.
+2.3%
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.
−23.3%
Start year 2020 (pandemic). Over 10 years: −8.9% a year
Revenue growth 36 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.
+8.0%
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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.
21.4% (2020) → −25.4% (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.Gold · 233 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score27 · Bottom 25%
Fair Value upside−86.6% · Bottom 25%
Profitability
Return on assets−0.5% · Below median
Net margin (TTM)−18.4% · Bottom 25%
Operating margin (TTM)2.2% · Below median
Growth and dividend
Revenue growth32.4% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
P/B1.50× · Cheaper than median
P/S (TTM)2.27× · Cheaper than median
EV/EBITDA33.4× · Priciest 25%
PEG2.63× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 2
FUTURE (revenue growth)100· sector 100
PAST (return on equity)0· sector 2
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 21
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.
Cite: Fair Value Calculator (2026). "ST Barbara Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SBM
Frequently asked questions
Is ST Barbara Ltd (SBM) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of A$0.1105 versus a price of A$0.8250, about −87% upside (overvalued).
What is the fair value of SBM?
Our model-based fair value for ST Barbara Ltd is A$0.1105 (as of Sep 27, 2026), built from audited fundamentals. The current price: A$0.8250.
What is the quality score of SBM?
ST Barbara Ltd has a Quality Score of 25/100. 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 ST Barbara Ltd (SBM)?
Our model-based price target is the fair value of A$0.1105 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario A$0.0765, optimistic scenario A$0.1445. It is a calculation from audited fundamentals, not an analyst target.
What is the ST Barbara Ltd stock forecast for 2026?
Our models put fair value at A$0.1105, about −87% upside versus a price of A$0.8250 (overvalued). Cautious scenario A$0.0765, optimistic scenario A$0.1445. The calculation is refreshed regularly with new filings.
What is the revenue of ST Barbara Ltd (SBM)?
ST Barbara Ltd reported trailing-twelve-month revenue of about A$247M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of ST Barbara Ltd (SBM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For ST Barbara Ltd it is A$0.1105 per share (as of Sep 27, 2026), against a price of A$0.8250. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is ST Barbara Ltd stock overvalued or undervalued in 2026?
As of Sep 27, 2026, SBM trades above its calculated fair value: price A$0.8250, fair value A$0.1105, a gap of about −87% (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 SBM?
No. The price is what the market pays today (A$0.8250); the fair value is what the company's own numbers justify (A$0.1105). For ST Barbara Ltd the two are A$0.7145 per share apart. That gap is exactly why we show both numbers side by side.
How much is ST Barbara Ltd worth?
The market values ST Barbara Ltd at about A$798M (market capitalisation, as of Sep 27, 2026). Per share that is A$0.8250; our models calculate a fair value of A$0.1105 per share.
What do the bullish and bearish scenarios say about SBM?
Our models span a range for ST Barbara Ltd: cautious scenario A$0.0765, base A$0.1105, optimistic A$0.1445 per share (as of Sep 27, 2026, price A$0.8250). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the PEG ratio of SBM?
The PEG ratio of ST Barbara Ltd is 2.63 (P/E divided by earnings growth, as of Sep 27, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of ST Barbara Ltd (SBM)?
Balance-sheet figures for ST Barbara Ltd (as of Sep 27, 2026): return on equity −1.5%, debt of 0.01 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is SBM from its 52-week high?
ST Barbara Ltd trades at A$0.8250, about 11% below its 52-week high of A$0.9300 and 101% above the low of A$0.4100 (as of Sep 28, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.1105 is for.
Which stocks are comparable to ST Barbara Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 ST Barbara Ltd stock attractive at the current price?
The data as of Sep 27, 2026: price A$0.8250, calculated fair value A$0.1105 (−87%), Quality Score 25/100, 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 SBM calculated?
We run ST Barbara 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$0.1105, 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 15.9 % above its aggregate fair value. ST Barbara 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 ST Barbara Ltd (SBM)?
The closing price on Sep 28, 2026 was A$0.8250. Our model-based fair value is A$0.1105, about −87% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with ST Barbara Ltd right now?
The price sits above even our optimistic bull case (A$0.1445). The favourable scenario is already priced in. Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (A$0.0765 to A$0.1445) leaves room in how you read the outcome.
Key figures of ST Barbara Ltd
How large is the market capitalisation of ST Barbara Ltd (SBM)?
The market capitalisation of ST Barbara Ltd is A$798M (≈ $561M). 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 ST Barbara Ltd (SBM)?
The price-to-sales ratio of ST Barbara Ltd is 2.18 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the net margin of ST Barbara Ltd (SBM)?
The net margin of ST Barbara Ltd is −43.5% (fiscal year 2025). 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 ST Barbara Ltd (SBM)?
The return on equity (ROE) of ST Barbara Ltd is −1.5% (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 ST Barbara Ltd (SBM)?
On an EBIT basis the return on assets of ST Barbara Ltd is −7.4% (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 ST Barbara Ltd (SBM)?
The operating margin of ST Barbara Ltd is 2.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at ST Barbara Ltd (SBM)?
Revenue at ST Barbara Ltd is growing +32.4% versus a year earlier (3y avg +2.3%). 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 ST Barbara Ltd (SBM)?
Earnings per share at ST Barbara Ltd are growing −63.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does ST Barbara Ltd (SBM) generate?
The free cash flow of ST Barbara Ltd is −A$154M (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 ST Barbara Ltd (SBM) hold?
ST Barbara Ltd holds more cash than debt, A$62.1M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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