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Taseko Mines Limited (TKO) Fair Value & Analysis

Basic Materials · GB · Market cap 2.0B GBX · ISIN CA8765111064

What is Taseko Mines Limited really worth?

TM Taseko Mines Limited TKO · LSE
Price from Aug 24, 2026£6.60
Fair Value£1.24
Upside−81.2%
Quality22/100

Below-average quality, and trading another 432% above our fair value of £1.24.

As of Sep 1, 2026, the fair value of Taseko Mines Limited is £1.24 per share against a price of £6.60, so the fair value sits 81% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Mixed Growth (revenue 5y +15.9 %/yr)
!Thin margins · 2.0% net margin
!Moderate debt · negative free cash flow
!Mixed vs. peers (6/15)
!Narrow moat 41/100
!Evidence only low, so the estimate is less certain
!Weak on past: 27 out of 100
!Weak on dividend: 29 out of 100
Evidence: Low Range £0.4700 – £1.24

Fair value as of: Sep 1, 2026

From 6 valuation models · updated 5 days ago

Fair value updated Sep 1, 2026, revised from £2.27 to £1.24 (−45.4%) since Aug 13, 2026. Share price +22.2% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (£1.24). The favourable scenario is already priced in.
  • Weak quality (22/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The model range is unusually wide (£0.4700 to £1.24). 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.

Price vs Fair Value (5 years)

£6.60 £0.8250 Fair Value £1.24 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.

How to read this chart

60‑month range £0.8250 – £6.60 · fair‑value band £0.4700 – £1.24 · the £6.60 price screens above the £1.24 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 1, 2026.

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Analysis

Taseko Mines Limited (TKO) currently trades at £6.60, while our model-based Fair Value estimate is £1.24, implying the stock looks roughly 432.2% overvalued today. The Quality Score stands at 22/100 (below-average quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of £2.73 per share, and 0 of the 6 models we run sit above the £6.60 price. Bear case: the Earnings-Based group reads lowest at £1.01, and 6 of the 6 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Taseko Mines Limited generated revenue of £771M at a net margin of 2.0%. Revenue grew 70.4% year over year. It earns a return on equity of 2.3%. Net debt stands at £681M. Fundamentals as of Sep 1, 2026

Our scenario range runs from £0.4700 (bear case) to £1.24 (bull case); at £6.60, the current price sits above 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. For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −81%, TKO screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly £0.0205 per share, which is 1.6 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
EPV best evidence £0.7200 £1.01 £1.25 73
ROIC Compounder £0.7200 £1.01 £1.25 70
EV/EBITDA £2.97 £4.43 £5.89 66
All 6 models by family
Earnings-Based
EPV best evidence £0.7200 £1.01 £1.25 73
Multiples
EV/EBIT £1.70 £2.73 £3.76 64
EV/EBITDA £2.97 £4.43 £5.89 66
EV/Revenue £0.5200 £1.35 £2.18 50
Asset-Based
NCAV (Graham) £1.06 £1.42 £2.12 54
Economic Profit
ROIC Compounder £0.7200 £1.01 £1.25 70

Widest divergence: Multiples (£2.73) versus Earnings-Based (£1.01). Highest evidence: EPV (73).

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Key figures & financial health

P/E ratio 220.0
P/S ratio 2.54 TTM
EPS (TTM) £0.0300 price ÷ EPS = P/E 220.0
Net margin −4.5% FY2025
Return on equity 2.3% TTM
Return on assets (EBIT) 5.2% avg 5y
More key figures
Profitability
Operating margin 23.4% TTM
Growth
Revenue (TTM) £771M TTM
Revenue growth (YoY) +70.4% 3y avg +13.1%
EPS growth (YoY) −45.5%
Balance sheet & cash flow
Free cash flow −282M GBX FY2025
Net debt 681M GBX FY2025

Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 22/100

Of which business quality 23 · Market factors (momentum, volatility) 62

Profitability 8
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 26
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 100
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Taseko Mines Limited, a mining company, acquires and develops mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal assets consist of 100% owned the Gibraltar mine located in south-central British Columbia; and the Florence Copper project in Arizona.

Full company description

Taseko Mines Limited, a mining company, acquires and develops mineral properties. It explores for copper, molybdenum, gold, niobium, and silver deposits. The company's principal assets consist of 100% owned the Gibraltar mine located in south-central British Columbia; and the Florence Copper project in Arizona. It also owns interests in the Yellowhead copper, the New Prosperity gold-copper, and the Aley niobium projects located in British Columbia. Taseko Mines Limited was incorporated in 1966 and is headquartered in Vancouver, Canada.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Taseko Mines Limited reported revenue of C$672M in FY2025 versus C$368M in FY2021, a compound +16.2%/yr. Reported net income was −C$30.0M in FY2025.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
£672M
Latest YoY
+10.5%
Avg. revenue 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.
+13.1%
Avg. revenue 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.
+15.9%
Avg. revenue growth/yr (35Y) 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.
+28.1%
EBIT 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.
−22.7% (2020) → 16.1% (2025)
Value creation/yr 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
Revenue +16.2%/yr
FY21 C$368M
FY22 C$465M
FY23 C$389M
FY24 C$608M
FY25 C$672M
Net income
FY21 C$14.2M
FY22 C$52.8M
FY23 −C$26.6M
FY24 −C$13.4M
FY25 −C$30.0M

TKO screens 432% overvalued. Compare with Southern Copper Corporation →

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Cite: Fair Value Calculator (2026). "Taseko Mines Limited Fair Value". https://www.fairvalue-calculator.com/stock/TKO.LSE

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 5
FUTURE100 · sector 15
PAST27 · sector 0
HEALTH50 · sector 98
DIVIDEND29 · sector 41

VALUE 0: the price sits above our fair-value range.

Insider activity: 44/100

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

Similar stocks

10 more Copper stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).

Stock Price Fair Value vs Fair Value
Southern Copper Corporation SCCO $216.28 $85.17 −61%
Freeport-McMoRan Inc FCX $75.74 $22.81 −70%
First Quantum Minerals Ltd FM C$43.46 C$16.35 −62%
Lundin Mining Corporation LUN C$35.76 C$22.65 −37%
Jiangxi Copper Company 600362 ¥45.86 ¥35.19 −23%
Tongling Nonferrous Metals Group 000630 ¥6.37 ¥3.06 −52%
MMG Limited 1208 HK$9.08 HK$5.29 −42%
Hudbay Minerals Inc HBM C$38.79 C$21.25 −45%
Zhejiang Hailiang Co 002203 ¥19.78 ¥6.39 −68%
Capstone Copper Corp CS C$14.82 C$9.91 −33%

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Frequently asked questions

Is Taseko Mines Limited (TKO) overvalued or undervalued?
As of Sep 1, 2026, our model estimates a fair value of £1.24 versus the last price from Aug 24, 2026 of £6.60, about −81% upside (overvalued).
What is the fair value of TKO?
Our model-based fair value for Taseko Mines Limited is £1.24 (as of Sep 1, 2026), built from audited fundamentals. Last price (from Aug 24, 2026): £6.60.
What is the quality score of TKO?
Taseko Mines Limited has a Quality Score of 22/100. 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 Taseko Mines Limited (TKO)?
Our model-based price target is the fair value of £1.24 (as of Sep 1, 2026) from 6 valuation models. Cautious scenario £0.4700, optimistic scenario £1.24. It is a calculation from audited fundamentals, not an analyst target.
What is the Taseko Mines Limited stock forecast for 2026?
Our models put fair value at £1.24, about −81% upside versus the last price from Aug 24, 2026 of £6.60 (overvalued). Cautious scenario £0.4700, optimistic scenario £1.24. The calculation is refreshed regularly with new filings.
What is the revenue of Taseko Mines Limited (TKO)?
Taseko Mines Limited reported trailing-twelve-month revenue of about £771M (latest available figure, as of Sep 1, 2026).
What is the net profit margin of TKO?
The net profit margin of Taseko Mines Limited is about 2.0%, meaning it keeps roughly 2.0% of revenue as net income. Based on the latest reported figures.
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