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SLS.TO (SLS) fair value: what the stock is really worth

As of Sep 23, 2026: fair value of SLS.TO C$4.44, price C$10.19, upside -56.4%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Basic Materials · CA · ISIN CA83419D2014

ST SLS.TO logo Thin data Sep 23, 2026

SLS.TO

SLS · TO

Weakest SetupStrongly overvalued and low quality.

!Fair value C$4.44 · Strongly overvalued (−56%)
!Quality 48/100
Negative equity (buybacks among others) · generates free cash flow
!Trails peers (1/6)
!Narrow moat 30/100
!Insider activity 45/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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

Price vs Fair Value

C$16.94 C$2.61 Fair Value C$4.44 Jun 2021 Sep 2026

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 C$2.61 – C$16.94 · fair‑value band C$3.44 – C$5.59 · the C$10.19 price screens above the C$4.44 fair value. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum molybdenum, gold, lead, zinc, and silver.

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Solaris Resources Inc. engages in the acquisition, exploration, and development of mineral properties. It focuses on exploring copper, molybdenum molybdenum, gold, lead, zinc, and silver. It owns interests in Warintza project located in southeastern Ecuador in the province of Morona Santiago, Canton Limon Indanza; and the Tamarugo project located in northern Chile. The company also holds interests in the La Verde project located in the Sierra Madre del Sur west of Mexico City in Michoacán State, Mexico; and the Capricho and Paco Orco projects in Peru. In addition, it has an option agreement to acquire up to a 100% interest in 10 new explorations concessions; and has an option to acquire up to a 100% interest in a new portfolio of exploration areas ("Solaris 2") located immediately adjacent to the Warintza Project in southeastern Ecuador. The company was formerly known as Solaris Copper Inc. and changed its name to Solaris Resources Inc. in December 2019. Solaris Resources Inc. was incorporated in 2018 and is headquartered in Baar, Switzerland.

Stock analysis

SLS.TO (SLS) currently trades at C$10.19, while our model-based Fair Value estimate is C$4.44, implying the stock looks roughly 129.5% overvalued today.

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Valuation

How firm this estimate is: it rests on 3 models at a data quality of 80/100, which puts the evidence level at low.

Scenario range: C$3.44 (bear) to C$5.59 (bull), the price of C$10.19 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 48/100 (below-average quality), in the Basic Materials sector.

SLS.TO reported revenue of $0 in FY2025 versus $0 in FY2021. Reported net income was −$43.0M in FY2025.

Key figures

Market cap C$2.0B (≈ $1.5B) · EPS (TTM) C$−0.2600 · Return on equity −2,515% · Return on assets (EBIT) −56.7% · Free cash flow C$46.8M · Net cash C$24.7M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).

What moves the price

The share trades about 33% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at −56%, SLS screens richer than that median.

Fair Value models

Bear C$3.44 Fair Value C$4.44 Bull C$5.59
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. 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.
Highest evidence
FCF DCF C$2.94 C$4.02 C$5.40 71
Growth DCF C$2.98 C$3.94 C$5.10 69
All 2 models by family
DCF Models
FCF DCF C$2.94 C$4.02 C$5.40 71
Growth DCF
Growth DCF C$2.98 C$3.94 C$5.10 69

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Quality Score breakdown

Overall quality 48/100

Of which business quality 50 · Market factors (momentum, volatility) 36

Profitability 0
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 50
Balance sheet, leverage, solvency risk
Investment 64
Disciplined investing over empire-building
Low Volatility 2
Calm price path (market factor)
Momentum 48
Price trend over the last 3–12 months (market factor)
52W Momentum 52
Distance to the 52-week high (market factor)
Net Issuance 15
Share count: buybacks or dilution?

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Revenue & earnings trend

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
not computed

Growth Forecast

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).
+26.1%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Canada: IMF forecast 2.1% a year to 2030, 2.6% from 2016 to 2025) that is about +23.4% a year for the price.

SLS screens 130% overvalued. Compare with PT Amman Mineral Internasional Tbk →

Compare SLS.TO with another stock

Price, fair value, quality and upside side by side.

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Peer GroupHow 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 Precious Metals & Mining · 102 stocks

Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 48 · Above median
Fair Value upside −56% · Below median
Profitability
Return on equity (TTM) Negative equity The company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
Return on assets −51% · Bottom 25%
Operating margin (TTM) 0% · Below median
Growth and dividend
Revenue growth 0% · Below median
Balance sheet
Debt / equity Negative equity The company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.

Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper

P/B Negative equity The company's equity is below zero, for example after large share buybacks. A ratio to negative equity has no meaning, so we show no number here and do not rank it against the peer group.
P/FCF 31.1× · Pricier than median

Context: sector, industry, market

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.

Stock Price Fair Value vs Fair Value
PT Amman Mineral Internasional Tbk AMMN 4,710 IDR 875.56 IDR −81%
Hecla Mining Company HL $19.03 $16.28 −14%
Compañía de Minas Buenaventura S.A. BVN $34.70 $28.79 −17%
Sibanye Stillwater Limited SBSW $11.41 $15.10 +32%
China Gold International Resources Corp CGG C$43.13 C$47.44 +10%
Artemis Gold Inc ARTG C$41.59 C$15.84 −62%
Triple Flag Precious Metals Corp TFPM $33.73 $32.40 −4%
PT Merdeka Battery Materials Tbk. MBMA 505.00 IDR 83.20 IDR −84%
Perpetua Resources Corp PPTA $24.76 $6.07 −75%
Zhaojin International Gold Co 000506 ¥18.58 ¥2.01 −89%

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Cite: Fair Value Calculator (2026). "SLS.TO Fair Value". https://www.fairvalue-calculator.com/stock/SLS

Frequently asked questions

Is SLS.TO (SLS) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of C$4.44 versus a price of C$10.19, about −56% upside (overvalued).
What is the fair value of SLS?
Our model-based fair value for SLS.TO is C$4.44 (as of Sep 23, 2026), built from audited fundamentals. The current price: C$10.19.
What is the quality score of SLS?
SLS.TO 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 SLS.TO (SLS)?
Our model-based price target is the fair value of C$4.44 (as of Sep 23, 2026) from 2 valuation models. Cautious scenario C$3.44, optimistic scenario C$5.59. It is a calculation from audited fundamentals, not an analyst target.
What is the SLS.TO stock forecast for 2026?
Our models put fair value at C$4.44, about −56% upside versus a price of C$10.19 (overvalued). Cautious scenario C$3.44, optimistic scenario C$5.59. The calculation is refreshed regularly with new filings.
What growth is priced into SLS.TO (SLS)?
For today's price to be fair in a discounted-cash-flow model, SLS.TO would have to grow free cash flow by +26.1 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SLS use?
Our models discount SLS.TO at 11.9 %: a base by market capitalisation (mid), damped by beta 2.20, country premium for Canada. 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 SLS.TO that is +26.1 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How fast is the sector of SLS.TO (SLS) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into SLS.TO (+26.1 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of SLS.TO (SLS)?
The free-cash-flow yield on the price is 2.78 %: that much free cash flow SLS.TO produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of SLS.TO (SLS)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For SLS.TO it is C$4.44 per share (as of Sep 23, 2026), against a price of C$10.19. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is SLS.TO stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SLS trades above its calculated fair value: price C$10.19, fair value C$4.44, a gap of about −56% (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 SLS?
No. The price is what the market pays today (C$10.19); the fair value is what the company's own numbers justify (C$4.44). For SLS.TO the two are C$5.75 per share apart. That gap is exactly why we show both numbers side by side.
How much is SLS.TO worth?
The market values SLS.TO at about C$2.0B (market capitalisation, as of Sep 23, 2026). Per share that is C$10.19; our models calculate a fair value of C$4.44 per share.
What do the bullish and bearish scenarios say about SLS?
Our models span a range for SLS.TO: cautious scenario C$3.44, base C$4.44, optimistic C$5.59 per share (as of Sep 23, 2026, price C$10.19). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of SLS.TO (SLS)?
Balance-sheet figures for SLS.TO (as of Sep 23, 2026): negative equity, so no return on equity and no debt-to-equity ratio. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is SLS from its 52-week high?
SLS.TO trades at C$10.19, about 33% below its 52-week high of C$15.29 and 35% above the low of C$7.56 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of C$4.44 is for.
Which stocks are comparable to SLS.TO?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, Compañía de Minas Buenaventura S.A., Sibanye Stillwater Limited, 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 SLS.TO stock attractive at the current price?
The data as of Sep 23, 2026: price C$10.19, calculated fair value C$4.44 (−56%), Quality Score 48/100, 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 SLS calculated?
We run SLS.TO through 2 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 C$4.44, 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 14.1 % above its aggregate fair value. SLS.TO 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 SLS.TO (SLS)?
The closing price on Sep 23, 2026 was C$10.19. Our model-based fair value is C$4.44, about −56% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with SLS.TO right now?
The price sits above even our optimistic bull case (C$5.59). The favourable scenario is already priced in. 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 SLS.TO

How large is the market capitalisation of SLS.TO (SLS)?
The market capitalisation of SLS.TO is C$2.0B (≈ $1.5B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of SLS.TO (SLS)?
Earnings per share at SLS.TO are C$−0.2600. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of SLS.TO (SLS)?
The return on equity (ROE) of SLS.TO is −2,515% (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 SLS.TO (SLS)?
On an EBIT basis the return on assets of SLS.TO is −56.7% (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.
How much net cash does SLS.TO (SLS) hold?
SLS.TO holds more cash than debt, C$24.7M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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