Tribune Resources Ltd (TBR) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Tribune Resources Ltd stock A$9.46, price A$5.17, upside +83.0%, quality 63 out of 100. Rating: strongly undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range A$2.41 – A$7.27 · fair‑value band A$4.57 – A$15.75 · the A$5.17 price screens below the A$9.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
Follow Tribune Resources in your weekly email
Every Wednesday you see whether Tribune Resources is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Tribune Resources Limited, together with its subsidiaries, engages in the development, exploration, and production of mineral properties in Australia. It primarily explores for gold and silver deposits.
Show moreShow less
The company holds interests in the East Kundana joint venture and the West Kundana joint venture located in Western Australia; and the Japa project located in Ghana, West Africa. It also holds an interest in Diwalwal Gold Project situated in Davao City Mindanao Island, Philippines.
Tribune Resources Limited was incorporated in 1988 and is based in South Perth, Australia.
Stock analysis
Tribune Resources Ltd (TBR) currently trades at A$5.17, while our model-based Fair Value estimate is A$9.46, implying the stock looks roughly 45% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of A$26.60 per share, and 23 of the 26 models we run sit above the A$5.17 price.
Bear case: the Asset-Based group reads lowest at A$2.86, and 3 of the 26 models stay below the price. Data coverage for this calculation is low.
Scenario range: A$4.57 (bear) to A$15.75 (bull), the price of A$5.17 sits inside 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 63/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Tribune Resources Ltd reported revenue of A$206M in FY2026 versus A$124M in FY2022, a compound +13.5%/yr. Reported net income was A$75.7M in FY2026, compounding +154.8%/yr from FY2022.
Key figures
Market cap A$273M (≈ $188M) Micro · P/E ratio 3.6 · P/S ratio 1.33 · EPS (TTM) A$1.43 · Dividend yield 4.3% · Net margin 36.8% · Return on equity 25.1% · Return on assets (EBIT) 15.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 86 out of 100 (low confidence).
What moves the price
The share trades about 27% below its 52-week high and 14% 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 83%, TBR screens cheaper than that median.
Fair Value models
BearA$4.57Fair Value A$9.46BullA$15.75
Price A$5.17 · Upside +83.0%
Capped: our models arrive at a very high value here. We deliberately show a more cautious Fair Value.
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 4 months old). Earnings retained since then (A$0.4376 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCFA$3.67A$6.34A$10.6078
Growth DCFA$3.59A$5.87A$9.2577
Owner EarningsA$7.53A$13.07A$21.9174
All 26 models by family
DCF Models
FCF DCFA$3.67A$6.34A$10.6078
Owner EarningsA$7.53A$13.07A$21.9174
5Y Revenue ExitA$3.98A$7.16A$11.5671
5Y EBITDA ExitA$11.88A$23.92A$39.6372
5Y P/E ExitA$12.19A$24.59A$39.3368
10Y Revenue ExitA$3.69A$6.53A$11.0565
10Y EBITDA ExitA$8.66A$17.94A$33.1365
10Y P/E ExitA$8.85A$18.40A$32.9061
Earnings-Based
Graham-DoddA$9.81A$50.35A$69.5864
Lynch FVA$13.73A$19.61A$25.5061
PEG = 1.0A$13.73A$19.61A$25.5057
EPVA$8.87A$10.07A$11.0774
Dividend Discount
Gordon GGMA$2.00A$3.61A$4.9768
DDM Multi-StageA$2.00A$3.30A$3.8567
Multiples
P/E MultipleA$18.40A$24.53A$30.6763
P/S MultipleA$4.41A$5.88A$7.3558
P/B MultipleA$4.08A$5.44A$6.8055
EV/EBITA$19.87A$26.47A$33.0766
EV/EBITDAA$17.94A$23.89A$29.8567
EV/RevenueA$4.20A$5.96A$7.7353
Asset-Based
NCAV (Graham)A$1.88A$2.86A$3.5754
Growth DCF
Growth DCFA$3.59A$5.87A$9.2577
Rev-Margin DCFA$3.98A$7.05A$11.1471
Economic Profit
Residual IncomeA$7.86A$10.96A$20.1872
ROIC CompounderA$9.81A$12.70A$16.3472
Growth Earnings
Growth-Adj P/EA$18.62A$26.60A$34.5867
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.45/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+28.0%
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.
+30.8%
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.
+3.0%
Start year 2021 (pandemic). Over 10 years: +5.7% a year
Revenue growth 25 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.
+47.7%
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
≈ +14.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.4%
Dividend (yield on the price)4.3%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.10.4% vs 8.8%, steady
Profit margin 2021 to 2026 ⓘ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.56% → 48%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Approximate: the rate leans on 2026, which sits 1,634% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+9.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Australia: IMF forecast 3.0% a year to 2030, 2.9% from 2016 to 2025) that is about +5.9% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 205 stocks
Beats the industry median on 15/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score63 · Above median
Fair Value upside+83.0% · Top 25%
Profitability
Return on equity (12 months)25.1% · Above median
Return on assets17.5% · Top 25%
Net margin (12 months)36.8% · Above median
Operating margin (12 months)40.1% · Above median
Growth and dividend
Revenue growth (quarter YoY)57.7% · Above median
Dividend yield (12 months)4.3% · Top 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Gold median · lower = cheaper
P/E (12 months)3.6× · Cheapest 25%
P/B0.85× · Cheapest 25%
P/S (12 months)1.33× · Cheapest 25%
Price / free cash flow (fiscal year)16.4× · Cheaper than median
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Tribune Resources Ltd (TBR) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of A$9.46 versus a price of A$5.17, about +83% upside (undervalued).
What is the fair value of TBR?
Our model-based fair value for Tribune Resources Ltd is A$9.46 (as of Nov 6, 2026), built from audited fundamentals. The current price: A$5.17.
What is the quality score of TBR?
Tribune Resources Ltd has a Quality Score of 63/100. 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 Tribune Resources Ltd (TBR)?
Our model-based price target is the fair value of A$9.46 (as of Nov 6, 2026) from 26 valuation models. Cautious scenario A$4.57, optimistic scenario A$15.75. It is a calculation from audited fundamentals, not an analyst target.
What is the Tribune Resources Ltd stock forecast for 2026?
Our models put fair value at A$9.46, about +83% upside versus a price of A$5.17 (undervalued). Cautious scenario A$4.57, optimistic scenario A$15.75. The calculation is refreshed regularly with new filings.
What is the revenue of Tribune Resources Ltd (TBR)?
Tribune Resources Ltd reported trailing-twelve-month revenue of about A$206M (latest available figure, as of Nov 6, 2026).
Does Tribune Resources Ltd pay a dividend?
Tribune Resources Ltd currently shows a dividend yield of 4.26% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Tribune Resources Ltd (TBR) and when is the ex-dividend date?
Tribune Resources Ltd pays a dividend of A$0.22 per share a year, a dividend yield of 4.3%. The last ex-dividend date was Nov 3, 2025. A dividend has been paid every year since at least 2017. The payout ratio is 15.4% of earnings. Free cash flow covers the dividend 1.44 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Tribune Resources Ltd (TBR)?
For today's price to be fair in a discounted-cash-flow model, Tribune Resources Ltd would have to grow free cash flow by +9.0 % per year for five years (discount rate 11.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.0 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of TBR use?
Our models discount Tribune Resources Ltd at 11.0 %: a base by market capitalisation (micro), damped by beta 0.50, country premium for Australia. 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 Tribune Resources Ltd that is +9.0 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.0 %) and the same formula as our fair value.
How much growth has Tribune Resources Ltd (TBR) delivered so far?
Over the past 5 years revenue at Tribune Resources Ltd grew +3.0 % a year. The price currently implies free-cash-flow growth of +9.0 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Tribune Resources Ltd (TBR) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Tribune Resources Ltd (+9.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Tribune Resources Ltd (TBR)?
The free-cash-flow yield on the price is 6.10 %: that much free cash flow Tribune Resources Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Tribune Resources Ltd (TBR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Tribune Resources Ltd it is A$9.46 per share (as of Nov 6, 2026), against a price of A$5.17. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Tribune Resources Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, TBR trades below its calculated fair value: price A$5.17, fair value A$9.46, a gap of about +83% (undervalued). 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 TBR?
No. The price is what the market pays today (A$5.17); the fair value is what the company's own numbers justify (A$9.46). For Tribune Resources Ltd the two are A$4.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Tribune Resources Ltd worth?
The market values Tribune Resources Ltd at about A$273M (market capitalisation, as of Nov 6, 2026). Per share that is A$5.17; our models calculate a fair value of A$9.46 per share.
What do the bullish and bearish scenarios say about TBR?
Our models span a range for Tribune Resources Ltd: cautious scenario A$4.57, base A$9.46, optimistic A$15.75 per share (as of Nov 6, 2026, price A$5.17). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of TBR?
Tribune Resources Ltd trades at a price-to-earnings ratio of 3.6 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of A$9.46 is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2017 to 2026), reported earnings: 8.4. Other multiples: PEG 0.9, P/B 0.9, P/S 1.3, EV/EBITDA 2.7.
What is the PEG ratio of TBR?
The PEG ratio of Tribune Resources Ltd is 0.91 (P/E divided by earnings growth, as of Nov 6, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of Tribune Resources Ltd (TBR)?
Balance-sheet figures for Tribune Resources Ltd (as of Nov 6, 2026): return on equity 25.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 63/100, which measures business quality independently of the share price.
How far is TBR from its 52-week high?
Tribune Resources Ltd trades at A$5.17, about 27% below its 52-week high of A$7.06 and 14% above the low of A$4.54 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$9.46 is for.
Which stocks are comparable to Tribune Resources Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 Tribune Resources Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price A$5.17, calculated fair value A$9.46 (+83%), Quality Score 63/100, from 26 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 TBR calculated?
We run Tribune Resources Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of A$9.46 builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Tribune Resources Ltd currently trades 45% below its own fair value, and the market average says nothing about that. 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 Tribune Resources Ltd (TBR)?
The closing price on Nov 9, 2026 was A$5.17. Our model-based fair value is A$9.46, about +83% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Tribune Resources Ltd right now?
The model range is unusually wide (A$4.57 to A$15.75). The outcome hinges heavily on assumptions, so read the point estimate with caution. 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 quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Tribune Resources Ltd (TBR) come from?
Earnings per share at Tribune Resources Ltd grew +4.5 % a year from 2015 to 2026. Broken into its drivers: revenue per share +3.1 %, EBIT margin +0.5 %, tax rate +0.4 %, residual (interest, one-offs) +0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Tribune Resources Ltd
How large is the market capitalisation of Tribune Resources Ltd (TBR)?
The market capitalisation of Tribune Resources Ltd is A$273M (≈ $188M). 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 P/S ratio of Tribune Resources Ltd (TBR)?
The price-to-sales ratio of Tribune Resources Ltd is 1.33 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Tribune Resources Ltd (TBR)?
Earnings per share at Tribune Resources Ltd are A$1.43 (price ÷ EPS = P/E 3.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Tribune Resources Ltd (TBR)?
The dividend yield of Tribune Resources Ltd is 4.3% (payout 15.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Tribune Resources Ltd (TBR)?
The net margin of Tribune Resources Ltd is 36.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Tribune Resources Ltd (TBR)?
The return on equity (ROE) of Tribune Resources Ltd is 25.1% (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 Tribune Resources Ltd (TBR)?
On an EBIT basis the return on assets of Tribune Resources Ltd is 15.1% (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.
What is the operating margin of Tribune Resources Ltd (TBR)?
The operating margin of Tribune Resources Ltd is 40.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Tribune Resources Ltd (TBR)?
Revenue at Tribune Resources Ltd is growing +57.7% versus a year earlier (3y avg +30.8%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Tribune Resources Ltd (TBR)?
Earnings per share at Tribune Resources Ltd are growing +221% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Tribune Resources Ltd (TBR) hold?
Tribune Resources Ltd holds more cash than debt, A$4.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Tribune Resources Ltd in the live analysis
One click puts Tribune Resources Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Thin data
Nov 6, 2026