Thorney Technologies Ltd (TEK) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Thorney Technologies Ltd A$0.21, price A$0.11, upside +100.0%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range A$0.0900 – A$0.4950 · fair‑value band A$0.1550 – A$0.2560 · the A$0.1050 price screens below the A$0.2100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Thorney Technologies Ltd invests in technology related companies. The company was formerly known as Australian Renewable Fuels Limited and changed its name to Thorney Technologies Ltd in December 2016. Thorney Technologies Ltd was founded in 2005 and is based in Melbourne, Australia.
Stock analysis
Thorney Technologies Ltd (TEK) currently trades at A$0.1050, while our model-based Fair Value estimate is A$0.2100, implying the stock looks roughly 50.0% undervalued today.
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Valuation
How firm this estimate is: it rests on 13 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: A$0.1550 (bear) to A$0.2560 (bull), the price of A$0.1050 sits below 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 73/100 (solid quality), in the Financial Services sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Thorney Technologies Ltd reported revenue of A$2.8M in FY2025 versus A$65.8M in FY2021, a compound −54.5%/yr. Reported net income was −A$4.7M in FY2025.
Key figures
Market cap A$40.4M (≈ $28.4M) · P/S ratio 24.7 · EPS (TTM) A$−0.0300 · Return on equity −12.2% · Return on assets (EBIT) −8.4% · Operating margin 87.7% · Revenue (TTM) A$1.4M · Revenue growth (YoY) −13.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 17% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −4% fair-value upside, at 100%, TEK screens cheaper than that median.
Fair Value models
Bear A$0.1550Fair Value A$0.2100Bull A$0.2560
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.19/100
Revenue growth is weak, negative or inconsistent.
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.
9.7% (2020) → 12.2% (2025)
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
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Thorney Technologies Ltd with another stock
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.Asset Management · 657 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+100% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−165% · Bottom 25%
Operating margin (TTM)88% · Top 25%
Growth and dividend
Revenue growth−13% · Bottom 25%
Balance sheet
Debt / equity0.13× · Above median
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is Thorney Technologies Ltd (TEK) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of A$0.2100 versus a price of A$0.1050, about +100% upside (undervalued).
What is the fair value of TEK?
Our model-based fair value for Thorney Technologies Ltd is A$0.2100 (as of Sep 24, 2026), built from audited fundamentals. The current price: A$0.1050.
What is the quality score of TEK?
Thorney Technologies Ltd has a Quality Score of 73/100. 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 Thorney Technologies Ltd (TEK)?
Our model-based price target is the fair value of A$0.2100 (as of Sep 24, 2026) from 2 valuation models. Cautious scenario A$0.1550, optimistic scenario A$0.2560. It is a calculation from audited fundamentals, not an analyst target.
What is the Thorney Technologies Ltd stock forecast for 2026?
Our models put fair value at A$0.2100, about +100% upside versus a price of A$0.1050 (undervalued). Cautious scenario A$0.1550, optimistic scenario A$0.2560. The calculation is refreshed regularly with new filings.
What is the revenue of Thorney Technologies Ltd (TEK)?
Thorney Technologies Ltd reported trailing-twelve-month revenue of about A$1.4M (latest available figure, as of Sep 24, 2026).
What growth is priced into Thorney Technologies Ltd (TEK)?
For today's price to be fair in a discounted-cash-flow model, Thorney Technologies Ltd would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 9.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +6.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of TEK use?
Our models discount Thorney Technologies Ltd at 9.1 %: a base by market capitalisation (nano), damped by beta 0.82, 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 Thorney Technologies Ltd that is less than minus 40 % per year a year over ten years, using the same discount rate (9.1 %) and the same formula as our fair value.
How much growth has Thorney Technologies Ltd (TEK) delivered so far?
Over the past 5 years revenue at Thorney Technologies Ltd grew +6.4 % a year. The price currently implies less than minus 40 % per year free-cash-flow growth a 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 Thorney Technologies Ltd (TEK) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Thorney Technologies Ltd (less than minus 40 % 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 Thorney Technologies Ltd (TEK)?
The free-cash-flow yield on the price is 11.39 %: that much free cash flow Thorney Technologies Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Thorney Technologies Ltd (TEK)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Thorney Technologies Ltd it is A$0.2100 per share (as of Sep 24, 2026), against a price of A$0.1050. It is the blended result of 2 valuation models (cash flow, earnings, asset, dividend).
Is Thorney Technologies Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, TEK trades below its calculated fair value: price A$0.1050, fair value A$0.2100, a gap of about +100% (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 TEK?
No. The price is what the market pays today (A$0.1050); the fair value is what the company's own numbers justify (A$0.2100). For Thorney Technologies Ltd the two are A$0.1050 per share apart. That gap is exactly why we show both numbers side by side.
How much is Thorney Technologies Ltd worth?
The market values Thorney Technologies Ltd at about A$40.4M (market capitalisation, as of Sep 24, 2026). Per share that is A$0.1050; our models calculate a fair value of A$0.2100 per share.
What do the bullish and bearish scenarios say about TEK?
Our models span a range for Thorney Technologies Ltd: cautious scenario A$0.1550, base A$0.2100, optimistic A$0.2560 per share (as of Sep 24, 2026, price A$0.1050). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Thorney Technologies Ltd (TEK)?
Balance-sheet figures for Thorney Technologies Ltd (as of Sep 24, 2026): return on equity −12.2%, debt of 0.13 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is TEK from its 52-week high?
Thorney Technologies Ltd trades at A$0.1050, about 28% below its 52-week high of A$0.1450 and 17% above the low of A$0.0900 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.2100 is for.
Which stocks are comparable to Thorney Technologies Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Corporation, KKR & Co, Apollo Global Management, Inc, 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 Thorney Technologies Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price A$0.1050, calculated fair value A$0.2100 (+100%), Quality Score 73/100, 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 TEK calculated?
We run Thorney Technologies Ltd 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 A$0.2100, 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 13.0 % above its aggregate fair value. Thorney Technologies Ltd currently trades 100 % 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 Thorney Technologies Ltd (TEK)?
The closing price on Sep 24, 2026 was A$0.1050. Our model-based fair value is A$0.2100, about +100% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Thorney Technologies Ltd right now?
The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict. The price is below even our cautious bear case (A$0.1550). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Thorney Technologies Ltd
How large is the market capitalisation of Thorney Technologies Ltd (TEK)?
The market capitalisation of Thorney Technologies Ltd is A$40.4M (≈ $28.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Thorney Technologies Ltd (TEK)?
The price-to-sales ratio of Thorney Technologies Ltd is 24.7 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Thorney Technologies Ltd (TEK)?
Earnings per share at Thorney Technologies Ltd are A$−0.0300. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Thorney Technologies Ltd (TEK)?
The return on equity (ROE) of Thorney Technologies Ltd is −12.2% (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 Thorney Technologies Ltd (TEK)?
On an EBIT basis the return on assets of Thorney Technologies Ltd is −8.4% (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 Thorney Technologies Ltd (TEK)?
The operating margin of Thorney Technologies Ltd is 87.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Thorney Technologies Ltd (TEK)?
Revenue at Thorney Technologies Ltd is growing −13.2% versus a year earlier. 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 Thorney Technologies Ltd (TEK)?
Earnings per share at Thorney Technologies Ltd are growing −82.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Thorney Technologies Ltd (TEK) hold?
Thorney Technologies Ltd holds more cash than debt, A$2.2M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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