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Timah Resources Limited (TML) Fair Value & Analysis

Utilities · AU · Market cap A$4.2M

TR Timah Resources Limited TML · AU
PriceA$0.0470
Fair ValueA$0.0484
Upside+3.0%
Quality23/100
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Weak Growth
Thin margins · 0.5% net margin
Moderate debt · negative free cash flow
Trails peers (4/11)
Narrow moat 19/100
Evidence: Medium Range A$0.0437 – A$0.0484 Share as image

Fair value as of: Jul 12, 2026

From 12 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from A$0.0296 to A$0.0484 (+63.5%) since Jun 26, 2026.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • The models converge in a tight band (A$0.0437 to A$0.0484), unusually little disagreement for a valuation.
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Price vs Fair Value (5 years)

A$0.0901 A$0.0210 Fair Value A$0.0484 May 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range A$0.0210 – A$0.0901 · fair‑value band A$0.0437 – A$0.0484 · the A$0.0470 price screens below the A$0.0484 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Timah Resources Limited (TML) currently trades at A$0.0470, while our model-based Fair Value estimate is A$0.0484, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 23/100 (below-average quality), in the Utilities 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: medium), always confirm before acting.

Over the trailing twelve months, Timah Resources Limited generated revenue of A$6.6M at a net margin of 0.5%. Revenue declined 32.5% year over year. It earns a return on equity of 0.2%. Net debt stands at A$14.6M. Fundamentals as of Jul 12, 2026

Our scenario range runs from A$0.0437 (bear case) to A$0.0484 (bull case); at A$0.0470, 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 near its 52-week high and 96% above its 52-week low, currently above its 200-day average. For context, the median of 10 Utilities peers we cover trades at -30% fair-value upside, at 3%, TML 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (A$0.0100 to A$0.2400). Read the values as a conservative anchor, not as a price target.
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
Residual Income A$0.1300 A$0.1200 A$0.0700 76
Gordon GGM A$0.1400 A$0.2400 A$0.3100 70
Growth-Adj P/E A$0.0100 A$0.0100 A$0.0200 68
All 12 models by family
DCF Models
Owner Earnings A$0.0400 A$0.2100 31
Earnings-Based
Graham-Dodd A$0.0200 A$0.0200 54
Lynch FV A$0.0100 A$0.0100 A$0.0100 50
PEG = 1.0 A$0.0100 A$0.0100 A$0.0100 46
Dividend Discount
Gordon GGM A$0.1400 A$0.2400 A$0.3100 70
DDM Multi-Stage A$0.1400 A$0.2300 A$0.2600 61
Multiples
P/E Multiple A$0.0100 A$0.0100 A$0.0100 63
P/S Multiple A$0.0100 A$0.0100 58
P/B Multiple A$0.0100 A$0.0100 55
Asset-Based
NCAV (Graham) A$0.1100 A$0.1500 A$0.2200 50
Economic Profit
Residual Income A$0.1300 A$0.1200 A$0.0700 76
Growth Earnings
Growth-Adj P/E A$0.0100 A$0.0100 A$0.0200 68

Widest divergence: Dividend Discount (A$0.2300) versus Earnings-Based (A$0.0100). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) A$6.6M
Revenue growth (YoY) -32.5%
Net margin 0.5%
Return on equity 0.2%
Free cash flow −A$107K FY2025
Operating margin -11.7%
More key figures
EPS growth (YoY) -92.6%
Net debt A$14.6M FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 23/100

Of which business quality 26 · Market factors (momentum, volatility) 83

Profitability 10
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 34
Balance sheet, leverage, solvency risk
Investment 24
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 68
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 36
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

Timah Resources Limited, through its subsidiary, engages in the renewable energy power generation business in Australia and Malaysia. The company produces power from palm oil mill effluent. It also owns and operates a biogas power plant with approximately 3.5 megawatts located in Sabah, Malaysia.

Full company description

Timah Resources Limited, through its subsidiary, engages in the renewable energy power generation business in Australia and Malaysia. The company produces power from palm oil mill effluent. It also owns and operates a biogas power plant with approximately 3.5 megawatts located in Sabah, Malaysia. Timah Resources Limited was incorporated in 2007 and is based in Sandakan, Malaysia. Timah Resources Limited operates as a subsidiary of Cash Nexus (M) Sdn. Bhd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Timah Resources Limited reported revenue of A$6.4M in FY2025 versus A$8.5M in FY2021, a compound −6.8%/yr. Reported net income was A$33.3K in FY2025, compounding −44.4%/yr from FY2021.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$6.4M
Latest YoY
−74.4%
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.
−7.0%
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.
−8.7%
Avg. growth/yr (12Y) 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.
+24.5%
Revenue −6.8%/yr
FY21 A$8.5M
FY22 A$8.0M
FY23 A$8.8M
FY24 A$25.2M
FY25 A$6.4M
Net income −44.4%/yr
FY21 A$348K
FY22 −A$2.2M
FY23 A$433K
FY24 −A$9.7M
FY25 A$33.3K

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Cite: Fair Value Calculator (2026). "Timah Resources Limited Fair Value". https://www.fairvalue-calculator.com/stock/TML

Peer Group

Utilities - Renewable · 220 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 23 · Bottom 25%
Fair Value upside +6% · Above median
Return on equity (TTM) 0% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) -12% · Bottom 25%
Revenue growth -33% · Bottom 25%
Debt / equity 1.01× · Higher than median

Valuation Multiples vs Utilities - Renewable median · lower = cheaper

P/B 0.15× · Cheaper than 75% of peers
P/S (TTM) 0.45× · Cheaper than 75% of peers
EV/EBITDA 6.4× · 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 42 · sector 12
FUTURE 0 · sector 0
PAST 1 · sector 12
HEALTH 50 · sector 68
DIVIDEND 0 · sector 48

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 Utilities - Renewable stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
China Yangtze Power Co 600900 ¥27.99 ¥25.13 -10%
Ørsted A/S ORSTED kr 149.70 kr 31.40 -79%
Huaneng Lancang River Hydropower Inc 600025 ¥9.81 ¥5.57 -43%
Adani Green Energy Limited ADANIGREEN ₹1,537 ₹170.50 -89%
AXIA Energia SA AXIAP $10.74 $9.65 -10%
VERBUND AG OEWA €58.65 €66.19 +13%
BEP BEP $32.33 $73.35 +127%
BEPUN BEPUN C$44.56 C$10.15 -77%
Fortum Oyj FORTUM €19.89 €13.90 -30%
China Longyuan Power Group 001289 ¥16.21 ¥8.23 -49%

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Frequently asked questions

Is Timah Resources Limited (TML) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of A$0.0484 versus a price of A$0.0470, about +3% (fairly valued).
What is the fair value of TML?
Our model-based fair value for Timah Resources Limited is A$0.0484 (as of Jul 12, 2026), built from audited fundamentals. The current price is A$0.0470.
What is the quality score of TML?
Timah Resources Limited has a Quality Score of 23/100. 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 Timah Resources Limited (TML)?
Timah Resources Limited reported trailing-twelve-month revenue of about A$6.6M (latest available figure, as of Jul 12, 2026).
What is the net profit margin of TML?
The net profit margin of Timah Resources Limited is about 0.5%, meaning it keeps roughly 0.5% 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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