Tanami Gold NL (TAM) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Tanami Gold NL A$0.03, price A$0.08, upside -64.9%, quality 50 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Tanami Gold NL operates as a gold exploration company in Australia. It holds 50% interest in the Central Tanami project covering an area of 2,108 square kilometers located in the Tanami Region of the Northern Territory. Tanami Gold NL was incorporated in 1968 and is based in South Perth, Australia.
Stock analysis
Tanami Gold NL (TAM) currently trades at A$0.0750, while our model-based Fair Value estimate is A$0.0263, implying the stock looks roughly 185.1% 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.
Quality & growth
The Quality Score stands at 50/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tanami Gold NL reported revenue of A$0 in FY2025 versus A$115K in FY2021. Reported net income was −A$5.8M in FY2025.
Key figures
Market cap A$172M (≈ $121M) · Return on equity −13.0% · Return on assets (EBIT) −8.5% · EPS growth (YoY) +194% · Free cash flow −A$6.5M · Net cash A$18.8M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −65%, TAM screens richer than that median.
Fair Value models
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.
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.29/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+110.6%
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.
+27.4%
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.
+34.0%
Revenue growth 24 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.
+11.4%
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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.
−1.8% (2019) → −3,315.1% (2024)
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 · 238 stocks
Beats the industry median on 2/7 measures
Overall it trails its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside−65% · Bottom 25%
Profitability
Return on assets−11% · Bottom 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
P/B2.84× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 100
PAST (return on equity)0· sector 17
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 20
VALUE 0: the price sits above our fair-value range.
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Is Tanami Gold NL (TAM) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0263 versus a price of A$0.0750, about −65% upside (overvalued).
What is the fair value of TAM?
Our model-based fair value for Tanami Gold NL is A$0.0263 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0750.
What is the quality score of TAM?
Tanami Gold NL has a Quality Score of 50/100. 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 Tanami Gold NL (TAM)?
Our model-based price target is the fair value of A$0.0263 (as of Sep 23, 2026) from 1 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Tanami Gold NL stock forecast for 2026?
Our models put fair value at A$0.0263, about −65% upside versus a price of A$0.0750 (overvalued). The calculation is refreshed regularly with new filings.
What is the intrinsic value of Tanami Gold NL (TAM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tanami Gold NL it is A$0.0263 per share (as of Sep 23, 2026), against a price of A$0.0750. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Tanami Gold NL stock overvalued or undervalued in 2026?
As of Sep 23, 2026, TAM trades above its calculated fair value: price A$0.0750, fair value A$0.0263, a gap of about −65% (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 TAM?
No. The price is what the market pays today (A$0.0750); the fair value is what the company's own numbers justify (A$0.0263). For Tanami Gold NL the two are A$0.0487 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tanami Gold NL worth?
The market values Tanami Gold NL at about A$172M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0750; our models calculate a fair value of A$0.0263 per share.
How solid is the balance sheet of Tanami Gold NL (TAM)?
Balance-sheet figures for Tanami Gold NL (as of Sep 23, 2026): return on equity −13.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 50/100, which measures business quality independently of the share price.
How far is TAM from its 52-week high?
Tanami Gold NL trades at A$0.0750, about 40% below its 52-week high of A$0.1250 and 34% above the low of A$0.0560 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0263 is for.
Which stocks are comparable to Tanami Gold NL?
From the same area (Basic Materials) we also value Zijin Mining Group, Newmont Corporation, Agnico Eagle Mines Limited, Barrick Mining Corporation, 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 Tanami Gold NL stock attractive at the current price?
The data as of Sep 23, 2026: price A$0.0750, calculated fair value A$0.0263 (−65%), Quality Score 50/100, 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 TAM calculated?
We run Tanami Gold NL 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$0.0263, 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. Tanami Gold NL 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 Tanami Gold NL (TAM)?
The closing price on Sep 23, 2026 was A$0.0750. Our model-based fair value is A$0.0263, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tanami Gold NL right now?
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 (50/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Tanami Gold NL
How large is the market capitalisation of Tanami Gold NL (TAM)?
The market capitalisation of Tanami Gold NL is A$172M (≈ $121M). 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 return on equity of Tanami Gold NL (TAM)?
The return on equity (ROE) of Tanami Gold NL is −13.0% (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 Tanami Gold NL (TAM)?
On an EBIT basis the return on assets of Tanami Gold NL is −8.5% (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 fast are earnings growing at Tanami Gold NL (TAM)?
Earnings per share at Tanami Gold NL are growing +194% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Tanami Gold NL (TAM) generate?
The free cash flow of Tanami Gold NL is −A$6.5M (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 Tanami Gold NL (TAM) hold?
Tanami Gold NL holds more cash than debt, A$18.8M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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