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Strickland Metals Limited (STK) Fair Value & Analysis

Basic Materials · AU · Market cap A$237M

SM Strickland Metals Limited STK · AU
PriceA$0.0810
Fair ValueA$0.0255
Upside-68.5%
Quality29/100
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Mixed Growth
Loss-making · -8.8% net margin
negative free cash flow
Mixed vs. peers (4/10)
Narrow moat 13/100
Evidence: High Range A$0.0147 – A$0.0224 Share as image

Fair value as of: Jul 13, 2026

From 11 valuation models · updated 28 days ago

Share price −14.7% over the past month.

Below-average quality, and screening another 69% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0224). The favourable scenario is already priced in.
  • Weak quality (29/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

A$0.2450 A$0.0230 Fair Value A$0.0255 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range A$0.0230 – A$0.2450 · fair‑value band A$0.0147 – A$0.0224 · the A$0.0810 price screens above the A$0.0255 fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Strickland Metals Limited (STK) currently trades at A$0.0810, while our model-based Fair Value estimate is A$0.0255, implying the stock looks roughly 68.5% overvalued today. The Quality Score stands at 29/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Strickland Metals Limited generated revenue of A$9.5M at a net margin of -8.8%. Revenue grew 82.7% year over year. It earns a return on equity of 2.4%. The balance sheet holds a net cash position of A$23.6M. Fundamentals as of Jul 13, 2026

Our scenario range runs from A$0.0147 (bear case) to A$0.0224 (bull case); at A$0.0810, the current price sits above 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 68% below its 52-week high, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -69%, STK screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Residual Income A$0.0300 A$0.0200 A$0.0100 76
Growth-Adj P/E A$0.0100 A$0.0100 68
ROIC Compounder A$0.0100 A$0.0100 A$0.0100 67
All 11 models by family
Earnings-Based
Graham-Dodd A$0.0100 A$0.0100 54
Lynch FV A$0.0100 A$0.0100 50
PEG = 1.0 A$0.0100 A$0.0100 46
EPV A$0.0100 A$0.0100 A$0.0100 59
Multiples
EV/EBIT A$0.0200 A$0.0200 A$0.0200 53
EV/EBITDA A$0.0100 A$0.0200 A$0.0200 54
EV/Revenue A$0.0100 A$0.0100 A$0.0200 43
Asset-Based
NCAV (Graham) A$0.0200 A$0.0300 A$0.0500 50
Economic Profit
Residual Income A$0.0300 A$0.0200 A$0.0100 76
ROIC Compounder A$0.0100 A$0.0100 A$0.0100 67
Growth Earnings
Growth-Adj P/E A$0.0100 A$0.0100 68

Widest divergence: Asset-Based (A$0.0300) versus Earnings-Based (A$0.0100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$9.5M
Revenue growth (YoY) +82.7%
Net margin -8.8%
Return on equity 2.4%
Free cash flow −A$28.8M FY2024
Operating margin -139%
More key figures
EPS growth (YoY) +195%
Net cash A$23.6M FY2024

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 29/100

Of which business quality 35 · Market factors (momentum, volatility) 16

Profitability 16
Margins and returns on capital today
Quality Growth 96
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 2
Price trend over the last 3–12 months (market factor)
52W Momentum 0
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.

About the company

Strickland Metals Limited engages in the exploration of mineral resources in Australia. The company primarily explores for gold, base metal, zinc, lead, silver, and copper deposits.

Full company description

Strickland Metals Limited engages in the exploration of mineral resources in Australia. The company primarily explores for gold, base metal, zinc, lead, silver, and copper deposits. The company owns 100% interest in Rogozna Project comprising four exploration licences covering an area of approximately 184 square kilometres located in the Ra"ka, Southern Republic of Serbia; and the Bryah Basin Project comprises five early-stage exploration licences covering an area of 260 square kilometres, located in the Gascoyne,Western Australia. The company was formerly known as Alloy Resources Limited and changed its name to Strickland Metals Limited in August 2020. Strickland Metals Limited was incorporated in 2004 and is based in Perth, Australia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

Strickland Metals Limited reported revenue of A$9.1M in FY2024 versus A$10 in FY2020, a compound +2,991.7%/yr. Reported net income was A$418K in FY2024.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
A$9.1M
Latest YoY
+875.6%
Avg. growth/yr (3Y) 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.
+236.4%
Avg. 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.
+738.8%
Avg. growth/yr (9Y) 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.
+125.0%
Revenue +2,991.7%/yr
FY20 A$10
FY21 A$240K
FY22 A$30
FY23 A$937K
FY24 A$9.1M
Net income
FY20 −A$3.9M
FY21 −A$4.2M
FY22 −A$2.6M
FY23 −A$6.6M
FY24 A$418K

STK screens 69% overvalued. Compare with Fresnillo plc →

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Cite: Fair Value Calculator (2026). "Strickland Metals Limited Fair Value". https://www.fairvalue-calculator.com/stock/STK

Peer Group

Other Precious Metals & Mining · 102 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 29 · Below median
Fair Value upside −69% · Below median
Return on equity (TTM) 2% · Above median
Return on assets 1% · Above median
Net margin (TTM) -9% · Bottom 25%
Operating margin (TTM) -139% · Bottom 25%
Revenue growth 83% · Above median

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

P/B 1.34× · Cheaper than median
P/S (TTM) 17.55× · Pricier than median
EV/EBITDA 71.8× · Pricier than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 100 · sector 21
PAST 10 · sector 0
HEALTH 0 · sector 99
DIVIDEND 0 · sector 15

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Fresnillo plc FRES 579.75 MXN 558.30 MXN -4%
Hecla Mining Company HL $14.52 $8.15 -44%
Compañía de Minas Buenaventura S.A. BVN $29.82 $29.96 +0%
Sibanye Stillwater Limited SBSW $10.67 $19.38 +82%
China Gold International Resources Corp CGG C$24.78 C$18.48 -25%
Artemis Gold Inc ARTG C$32.98 C$21.86 -34%
Triple Flag Precious Metals Corp TFPM $28.10 $16.03 -43%
Sino-Platinum Metals Co 600459 ¥21.01 ¥13.23 -37%
Perpetua Resources Corp PPTA C$26.10 C$5.85 -78%
Zhaojin International Gold Co 000506 ¥13.15 ¥2.84 -78%

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Frequently asked questions

Is Strickland Metals Limited (STK) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of A$0.0255 versus a price of A$0.0810, about −69% (overvalued).
What is the fair value of STK?
Our model-based fair value for Strickland Metals Limited is A$0.0255 (as of Jul 13, 2026), built from audited fundamentals. The current price is A$0.0810.
What is the quality score of STK?
Strickland Metals Limited has a Quality Score of 29/100. 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 revenue of Strickland Metals Limited (STK)?
Strickland Metals Limited reported trailing-twelve-month revenue of about A$9.5M (latest available figure, as of Jul 13, 2026).
What is the net profit margin of STK?
The net profit margin of Strickland Metals Limited is about -8.8%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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