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Tartana Minerals Limited (TAT) Fair Value & Analysis

Basic Materials · AU · Market cap A$9.8M

TM Tartana Minerals Limited TAT · AU
PriceA$0.0200
Fair ValueA$0.0170
Upside-15.0%
Quality28/100
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Mixed Growth
Loss-making · -122.3% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 8/100
Evidence: Low Range A$0.0181 – A$0.0223 Share as image

Fair value as of: Jul 17, 2026

From 3 valuation models · updated 24 days ago

Share price −33.3% over the past month.

Below-average quality, and screening another 15% overvalued on our models.

What matters now

  • Weak quality (28/100) 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.
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Price vs Fair Value (5 years)

A$0.2126 A$0.0160 Fair Value A$0.0170 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 17, 2026.

How to read this chart

60‑month range A$0.0160 – A$0.2126 · fair‑value band A$0.0181 – A$0.0223 · the A$0.0200 price screens above the A$0.0170 fair value. Dashed = 300-day average. As of Jul 17, 2026.

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Analysis

Tartana Minerals Limited (TAT) currently trades at A$0.0200, while our model-based Fair Value estimate is A$0.0170, implying the stock looks roughly 15.0% overvalued today. The Quality Score stands at 28/100 (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: low).

Trailing-twelve-month revenue stands at A$2.8M. Revenue declined 29.5% year over year. It earns a return on equity of -64.7%. Net debt stands at A$3.1M. Fundamentals as of Jul 17, 2026

Our scenario range runs from A$0.0181 (bear case) to A$0.0223 (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 64% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -15%, TAT screens cheaper 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
Gordon GGM A$0.0100 A$0.0100 A$0.0200 70
DDM Multi-Stage A$0.0100 A$0.0100 A$0.0100 61
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 50
All 3 models by family
Dividend Discount
Gordon GGM A$0.0100 A$0.0100 A$0.0200 70
DDM Multi-Stage A$0.0100 A$0.0100 A$0.0100 61
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 A$0.0100 50

Widest divergence: Dividend Discount (A$0.0100) versus Dividend Discount (A$0.0100). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) A$2.8M
Revenue growth (YoY) -29.5%
Net margin -122%
Return on equity -64.7%
Free cash flow −A$1.5M FY2025
Operating margin -105%
More key figures
EPS (TTM) A$-0.0200
Net debt A$3.1M FY2025

Figures from reported company fundamentals · as of Jul 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 27 · Market factors (momentum, volatility) 22

Profitability 2
Margins and returns on capital today
Quality Growth 69
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 90
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 13
Price trend over the last 3–12 months (market factor)
52W Momentum 5
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

Tartana Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in Australia. The company explores for copper, zinc, gold, silver, lead, antimony, tin, and tungsten deposits, as well as rare earths, precious, and base metals.

Full company description

Tartana Minerals Limited, together with its subsidiaries, engages in the exploration and development of mineral projects in Australia. The company explores for copper, zinc, gold, silver, lead, antimony, tin, and tungsten deposits, as well as rare earths, precious, and base metals. The company was formerly known as R3D Resources Limited and changed its name to Tartana Minerals Limited in April 2024. Tartana Minerals Limited is based in Sydney, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tartana Minerals Limited reported revenue of A$3.4M in FY2025 versus A$197K in FY2021, a compound +104.0%/yr. Reported net income was −A$2.6M in FY2025.

Growth Quality 35/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$3.4M
Latest YoY
+93.0%
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.
−31.3%
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.
+62.8%
Avg. growth/yr (22Y) 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.
−7.4%
Revenue +104.0%/yr
FY21 A$197K
FY22 A$10.5M
FY23 A$8.8M
FY24 A$1.8M
FY25 A$3.4M
Net income
FY21 −A$885K
FY22 −A$6.4M
FY23 −A$1.4M
FY24 −A$2.6M
FY25 −A$2.6M

TAT screens 15% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Tartana Minerals Limited Fair Value". https://www.fairvalue-calculator.com/stock/TAT

Peer Group

Other Industrial Metals & Mining · 475 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 28 · Bottom 25%
Fair Value upside −15% · Above median
Return on assets -15% · Bottom 25%
Net margin (TTM) -122% · Bottom 25%
Operating margin (TTM) -105% · Bottom 25%
Revenue growth -30% · Below median
Debt / equity 0.10× · Higher than median

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

P/B 1.43× · Cheaper than median
P/S (TTM) 2.48× · Cheaper than median

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 13 · sector 0
FUTURE 0 · sector 23
PAST 0 · sector 0
HEALTH 95 · sector 96
DIVIDEND 0 · sector 21

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 Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jul 17, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Tartana Minerals Limited (TAT) overvalued or undervalued?
As of Jul 17, 2026, our model estimates a fair value of A$0.0170 versus a price of A$0.0200, about −15% (overvalued).
What is the fair value of TAT?
Our model-based fair value for Tartana Minerals Limited is A$0.0170 (as of Jul 17, 2026), built from audited fundamentals. The current price is A$0.0200.
What is the quality score of TAT?
Tartana Minerals Limited has a Quality Score of 28/100. 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 Tartana Minerals Limited (TAT)?
Tartana Minerals Limited reported trailing-twelve-month revenue of about A$2.8M (latest available figure, as of Jul 17, 2026).
What is the net profit margin of TAT?
The net profit margin of Tartana Minerals Limited is about -122.3%, 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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