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Scorpion Minerals Ltd (SCN) Fair Value & Analysis

Basic Materials · AU · Market cap A$13.6M (≈ $9.8M) · ISIN AU0000033326

What is Scorpion Minerals Ltd really worth?

SM Scorpion Minerals Ltd SCN · AU
PriceA$0.0200
Fair ValueA$0.0170
Upside−15.0%
Quality21/100

Below-average quality, and trading another 18% above our fair value of A$0.0170.

As of Jun 24, 2026, the fair value of Scorpion Minerals Ltd is A$0.0170 per share against a price of A$0.0200, so the fair value sits 15% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Mixed Growth (revenue 5y +387.1 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
!Trails peers (2/9)
!Narrow moat 10/100
!Evidence only low, so the estimate is less certain
!Weak on valuation: 13 out of 100
Evidence: Low Range A$0.0170 – A$0.0255

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 73 days ago

What runs behind every stock

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

What matters now

  • Weak quality (21/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Price vs Fair Value (5 years)

A$0.1050 A$0.0110 Fair Value A$0.0170 Feb 2020 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

60‑month range A$0.0110 – A$0.1050 · fair‑value band A$0.0170 – A$0.0255 · the A$0.0200 price screens above the A$0.0170 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

Scorpion Minerals Ltd (SCN) currently trades at A$0.0200, while our model-based Fair Value estimate is A$0.0170, implying the stock looks roughly 17.6% overvalued today. The Quality Score stands at 21/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 2 models at a data quality of 95/100, which puts the evidence level at low.

Trailing-twelve-month revenue stands at A$210K. It earns a return on equity of −72.9%. Fundamentals as of Jun 24, 2026

Our scenario range runs from A$0.0170 (bear case) to A$0.0255 (bull case); at A$0.0200, 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. The share trades about 59% below its 52-week high and 33% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −50% fair-value upside, at −15%, SCN screens cheaper than that median.

Fair Value models

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
NCAV (Graham) A$0.0100 48
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 48

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Key figures & financial health

P/S ratio 67.1 TTM
Return on equity −72.9% TTM
Return on assets (EBIT) −53.9% avg 5y
Revenue (TTM) A$210K TTM
Free cash flow −A$1.3M FY2025
Net cash A$108K FY2025

Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 21/100

Of which business quality 23 · Market factors (momentum, volatility) 30

Profitability 0
Margins and returns on capital today
Quality Growth 0
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 59
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 0
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

Scorpion Minerals Limited engages in the exploration and development of mineral resources in Australia. The company explores for lithium, gold, copper, nickel, iron, silver, zinc, tungsten, and platinum-group elements.

Full company description

Scorpion Minerals Limited engages in the exploration and development of mineral resources in Australia. The company explores for lithium, gold, copper, nickel, iron, silver, zinc, tungsten, and platinum-group elements. It holds 100% interest in the Pharos project covering an area of 924 square kilometers located in the Murchison Mineral Field, Western Australia; 70% interest in the Jungar Flats JV project covering an area of 700 square kilometers and comprises eight exploration licenses in the Murchison region, Western Australia; and 100% interest in tenement E57/1422 at Youanmi. The company was formerly known as Pegasus Metals Limited and changed its name to Scorpion Minerals Limited in November 2018. Scorpion Minerals Limited was incorporated in 2005 and is based in West Perth, Australia.

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

Revenue & earnings trend

FY2019 – FY2025 · reported fiscal years

Scorpion Minerals Ltd reported revenue of A$0 in FY2023 versus A$0 in FY2019. Reported net income was −A$3.8M in FY2025.

Growth Quality 33/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2022)
A$960K
Latest YoY
+0.0%
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.
+387.1%
Avg. revenue growth/yr (16Y) 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.
+38.9%
EBIT 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.
−117,585.7% (2017) → −121.8% (2022)
Value creation/yr We only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Revenue
FY19 A$0
FY20 A$0
FY21 A$960K
FY22 A$960K
FY23 A$0
Net income
FY21 −A$2.2M
FY22 −A$944K
FY23 −A$3.2M
FY24 −A$3.2M
FY25 −A$3.8M

SCN screens 18% overvalued. Compare with PT Amman Mineral Internasional Tbk →

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Cite: Fair Value Calculator (2026). "Scorpion Minerals Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SCN.AU

Peer Group

Other Precious Metals & Mining · 103 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 23 · Bottom 25%
Fair Value upside −15% · Above median
Return on assets −28% · Bottom 25%
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median

Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper

P/B 2.53× · Pricier than median
P/S (TTM) 46.52× · Pricier than 75% of peers

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
VALUE13 · sector 0
FUTURE0 · sector 94
PAST0 · sector 0
HEALTH0 · sector 99
DIVIDEND0 · sector 48

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 Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
PT Amman Mineral Internasional Tbk AMMN 4,480 IDR 1,021 IDR −77%
Hecla Mining Company HL $20.68 $8.14 −61%
Compañía de Minas Buenaventura S.A. BVN $35.12 $29.53 −16%
Sibanye Stillwater Limited SBSW $11.85 $19.35 +63%
China Gold International Resources Corp CGG C$46.69 C$25.63 −45%
Artemis Gold Inc ARTG C$43.62 C$21.85 −50%
Triple Flag Precious Metals Corp TFPM $32.25 $16.03 −50%
PT Merdeka Battery Materials Tbk. MBMA 545.00 IDR 82.43 IDR −85%
Perpetua Resources Corp PPTA C$34.90 C$5.80 −83%
Zhaojin International Gold Co 000506 ¥20.64 ¥2.84 −86%

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Frequently asked questions

Is Scorpion Minerals Ltd (SCN) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.0170 versus a price of A$0.0200, about −15% upside (overvalued).
What is the fair value of SCN?
Our model-based fair value for Scorpion Minerals Ltd is A$0.0170 (as of Jun 24, 2026), built from audited fundamentals. The current price: A$0.0200.
What is the quality score of SCN?
Scorpion Minerals Ltd has a Quality Score of 21/100. 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 Scorpion Minerals Ltd (SCN)?
Our model-based price target is the fair value of A$0.0170 (as of Jun 24, 2026) from 1 valuation models. Cautious scenario A$0.0170, optimistic scenario A$0.0255. It is a calculation from audited fundamentals, not an analyst target.
What is the Scorpion Minerals Ltd stock forecast for 2026?
Our models put fair value at A$0.0170, about −15% upside versus a price of A$0.0200 (overvalued). Cautious scenario A$0.0170, optimistic scenario A$0.0255. The calculation is refreshed regularly with new filings.
What is the revenue of Scorpion Minerals Ltd (SCN)?
Scorpion Minerals Ltd reported trailing-twelve-month revenue of about A$210K (latest available figure, as of Jun 24, 2026).
What is the net profit margin of SCN?
The net profit margin of Scorpion Minerals Ltd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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