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TG Metals Limited (TG6) Fair Value & Analysis

Basic Materials · AU · Market cap A$22.9M

TM TG Metals Limited TG6 · AU
PriceA$0.1700
Fair ValueA$0.3100
Upside+82.4%
Quality28/100
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Mixed Growth
Thin margins · 0.0% net margin
negative free cash flow
Mixed vs. peers (5/9)
Narrow moat 6/100
Evidence: Low Range A$0.2300 – A$0.3800 Share as image

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 47 days ago

Share price −10.5% over the past month.

Below-average quality, screening 82% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$0.2300). 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.
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Price vs Fair Value (4 years)

A$1.10 A$0.0900 Fair Value A$0.3100 May 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jun 24, 2026.

How to read this chart

50‑month range A$0.0900 – A$1.10 · fair‑value band A$0.2300 – A$0.3800 · the A$0.1700 price screens below the A$0.3100 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

TG Metals Limited (TG6) currently trades at A$0.1700, while our model-based Fair Value estimate is A$0.3100, implying the stock looks roughly 82.4% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: low), always confirm before acting.

Trailing-twelve-month revenue stands at A$602K. It earns a return on equity of -14.2%. Fundamentals as of Jun 24, 2026

Our scenario range runs from A$0.2300 (bear case) to A$0.3800 (bull case); at A$0.1700, the current price sits below 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 54% below its 52-week high and 55% 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 82%, TG6 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
NCAV (Graham) A$0.0500 A$0.0700 A$0.1000 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0500 A$0.0700 A$0.1000 50

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Key figures & financial health

Revenue (TTM) A$602K
Revenue growth (YoY) +872%
Return on equity -14.2%
Free cash flow −A$6.7M FY2024
EPS (TTM) A$-0.0200
Net cash A$601K FY2024

Figures from reported company fundamentals · as of Jun 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 28/100

Of which business quality 33 · Market factors (momentum, volatility) 41

Profitability 0
Margins and returns on capital today
Quality Growth 94
Are margins and returns improving?
Cashflow 5
Earnings quality: real cash, not paper profit
Fin. Strength 80
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 20
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

TG Metals Limited engages in the discovery, exploration, and development of mineral deposits in Western Australia. The company explores for lithium and gold deposits. Its flagship project comprises the Lake Johnston project that includes a tenement area of approximately 414 square kilometers located in the Goldfields-Esperance region of Western Australia.

Full company description

TG Metals Limited engages in the discovery, exploration, and development of mineral deposits in Western Australia. The company explores for lithium and gold deposits. Its flagship project comprises the Lake Johnston project that includes a tenement area of approximately 414 square kilometers located in the Goldfields-Esperance region of Western Australia. TG Metals Limited was incorporated in 2020 and is headquartered in West Perth, Australia.

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

Revenue & earnings trend

FY2020 – FY2024 · reported fiscal years

TG Metals Limited reported revenue of A$602K in FY2024 versus A$0 in FY2020. Reported net income was −A$1.4M in FY2024.

Growth Quality 23/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2024)
A$602K
Latest YoY
+1,299.1%
Revenue
FY20 A$0
FY21 A$0
FY22 A$0
FY23 A$43.0K
FY24 A$602K
Net income
FY20 −A$56.0K
FY21 −A$2.0M
FY22 −A$1.2M
FY23 −A$2.3M
FY24 −A$1.4M

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Cite: Fair Value Calculator (2026). "TG Metals Limited Fair Value". https://www.fairvalue-calculator.com/stock/TG6

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 33 · Below median
Fair Value upside +82% · Top 25%
Return on assets -8% · Below median
Net margin (TTM) 0% · Above median
Operating margin (TTM) 0% · Above median
Revenue growth 872% · Top 25%

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

P/B 1.31× · Cheaper than median
P/S (TTM) 26.89× · 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 100 · sector 0
FUTURE 100 · sector 21
PAST 0 · sector 0
HEALTH 0 · sector 99
DIVIDEND 0 · sector 15

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 Jun 24, 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 $8.12 $9.90 +22%
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 TG Metals Limited (TG6) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.3100 versus a price of A$0.1700, about +82% (undervalued).
What is the fair value of TG6?
Our model-based fair value for TG Metals Limited is A$0.3100 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.1700.
What is the quality score of TG6?
TG Metals 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 TG Metals Limited (TG6)?
TG Metals Limited reported trailing-twelve-month revenue of about A$602K (latest available figure, as of Jun 24, 2026).
What is the net profit margin of TG6?
The net profit margin of TG Metals Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. 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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