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Tivan Limited (TVN) Fair Value & Analysis

Basic Materials · AU · Market cap A$638M

TL Tivan Limited TVN · AU
PriceA$0.2500
Fair ValueA$0.0425
Upside-83.0%
Quality33/100
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Weak Growth
Thin margins · 0.0% net margin
negative free cash flow
Trails peers (2/7)
Narrow moat 12/100
Evidence: Low Range A$0.0340 – A$0.0510 Share as image

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 46 days ago

Share price −31.5% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (A$0.0510). The favourable scenario is already priced in.
  • Weak quality (33/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • 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 (5 years)

A$0.4700 A$0.0450 Fair Value A$0.0425 May 2021 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

60‑month range A$0.0450 – A$0.4700 · fair‑value band A$0.0340 – A$0.0510 · the A$0.2500 price screens above the A$0.0425 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

Tivan Limited (TVN) currently trades at A$0.2500, while our model-based Fair Value estimate is A$0.0425, implying the stock looks roughly 83.0% overvalued today. The Quality Score stands at 33/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

It earns a return on equity of -15.9%. The balance sheet holds a net cash position of A$5.8M. Fundamentals as of Jun 24, 2026

Our scenario range runs from A$0.0340 (bear case) to A$0.0510 (bull case); at A$0.2500, 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. The share trades about 48% below its 52-week high and 198% 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 -83%, TVN screens richer 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 BearBaseBull Evidence
Highest evidence
NCAV (Graham) A$0.0500 A$0.0500 A$0.1000 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0500 A$0.0500 A$0.1000 50

Key figures & financial health

Revenue (TTM) −A$9.0K
Revenue growth (YoY) +1,460%
Return on equity -15.9%
Free cash flow −A$13.3M FY2025
Operating margin 101,767%
Net cash A$5.8M FY2025

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

Quality Score breakdown

Overall quality 33/100

Of which business quality 38 · Market factors (momentum, volatility) 42

Profitability 0
Margins and returns on capital today
Quality Growth 75
Are margins and returns improving?
Cashflow 10
Earnings quality: real cash, not paper profit
Fin. Strength 86
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 17
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 0
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

Tivan Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for critical mineral, fluorite, vanadium, titanium, silver, lead, copper, tungsten, and lithium deposits.

Full company description

Tivan Limited, together with its subsidiaries, engages in the exploration, evaluation, and development of mineral properties in Australia. It explores for critical mineral, fluorite, vanadium, titanium, silver, lead, copper, tungsten, and lithium deposits. The company focuses on the 100% owned Speewah fluorite and vanadium projects located in the Kimberley region of north-east Western Australia. It also develops and commercializes TIVAN+ critical minerals processing technology for the recovery of vanadium. The company holds 30% interest in exploration licence EL22349 and 100% interest in mining leases of ML33904, ML79, ML3905, ML33903 and ML86. The company was formerly known as TNG Limited and changed its name to Tivan Limited in January 2023. Tivan Limited was incorporated in 1970 and is headquartered in Darwin, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tivan Limited reported revenue of A$69.0K in FY2025 versus A$184K in FY2021, a compound −21.7%/yr. Reported net income was −A$4.9M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$69.0K
Avg. growth/yr (5Y)
−14.3%
Avg. growth/yr (28Y)
−32.0%
Revenue −21.7%/yr
FY21 A$184K
FY22 A$0
FY23 A$75.0K
FY24 A$0
FY25 A$69.0K
Net income
FY21 −A$2.9M
FY22 −A$4.9M
FY23 −A$7.1M
FY24 −A$67.8M
FY25 −A$4.9M

TVN screens 83% overvalued. Compare with BHP Group →

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Cite: Fair Value Calculator (2026). "Tivan Limited Fair Value". https://www.fairvalue-calculator.com/stock/TVN

Peer Group

Other Industrial Metals & Mining · 476 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 −83% · Bottom 25%
Return on assets -11% · Below median
Net margin (TTM) 0% · Above median
Revenue growth 1460% · Top 25%

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

P/B 11.62× · 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 0 · sector 0
FUTURE 100 · sector 23
PAST 0 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 21

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

Insider activity: 30/100

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

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 Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
BHP Group BHPN 1,425 MXN 942.42 MXN -34%
Rio Tinto Group RIO A$164.89 A$81.76 -50%
Grupo México, S.A. GMEXICOB 199.23 MXN 187.72 MXN -6%
Vale S.A VALE $14.19 $9.14 -36%
Saudi Arabian Mining Company 1211 58.05 SAR 33.87 SAR -42%
CMOC Group 603993 ¥18.20 ¥16.15 -11%
Fortescue Ltd FMG A$18.47 A$18.62 +1%
China Tungsten And Hightech Materials Co 000657 ¥74.71 ¥9.55 -87%
Hindustan Zinc Limited HINDZINC ₹521.95 ₹576.80 +11%
China Northern Rare Earth (Group) High-Tech Co 600111 ¥39.56 ¥10.59 -73%

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Frequently asked questions

Is Tivan Limited (TVN) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.0425 versus a price of A$0.2500, about −83% (overvalued).
What is the fair value of TVN?
Our model-based fair value for Tivan Limited is A$0.0425 (as of Jun 24, 2026), built from audited fundamentals. The current price is A$0.2500.
What is the quality score of TVN?
Tivan Limited has a Quality Score of 33/100. 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 net profit margin of TVN?
The net profit margin of Tivan 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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