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Viking Mines Ltd (VKA) fair value: what the stock is really worth

As of Nov 11, 2026: fair value (intrinsic value) of Viking Mines Ltd stock A$0.01, price A$0.01, that is 3.3% below the price, quality 46 out of 100. Rating: fairly valued. The value is an estimate: none of our valuation models currently carries, it draws on revenue and assets compared with similar companies. Updated daily.

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Basic Materials AU · ISIN AU000000VKA8

VM Viking Mines Ltd logo Thin data Nov 10, 2026

Viking Mines Ltd

VKA · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Revenue last quarter +58% vs. a year ago.
Fair value A$0.0087 · Fairly valued
Quality 46/100
Mixed Growth (revenue 5y +37.0 %/yr in AUD)
Mixed vs. peers (3/7)
Negative free cash flow
Narrow moat 6/100 · thin data
Thin data
⟳ CyclicalEstimate
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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Price vs Fair Value

A$0.0230 A$0.0060 Fair Value A$0.0087 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 10, 2026.

How to read this chart

60‑month range A$0.0060 – A$0.0230 · fair‑value band A$0.0086 – A$0.0088 · the A$0.0090 price screens above the A$0.0087 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 10, 2026.

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Company profile

Viking Mines Limited operates as a mineral exploration company in Australia. The company explores for vanadium, nickel, copper, cobalt, and gold deposits.

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It holds 100% in the Canegrass Battery Minerals project that covers 620 kilometers located in the Murchison region, north-east Perth, Western Australia; and the Riverina East Gold project located in Eastern Goldfields of Western Australia. The company was formerly known as Viking Ashanti Limited.

The company was incorporated in 2007 and is based in West Perth, Australia.

Stock analysis

Viking Mines Ltd (VKA) currently trades at A$0.0090, while our estimate is A$0.0087, so the stock looks roughly fairly valued today (gap 3.4%).

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Valuation

None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Scenario range: A$0.0086 (bear) to A$0.0088 (bull), the price of A$0.0090 sits above 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 46/100 (below-average quality), in the Basic Materials sector.

Mixed Growth: Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.

Viking Mines Ltd reported revenue of A$735K in FY2026 versus A$4.2M in FY2022, a compound −35.1%/yr. Reported net income was −A$7.3M in FY2026.

Key figures

Market cap A$23.2M (≈ $16.0M) Micro · P/S ratio 31.5 · Return on equity −96.3% · Return on assets (EBIT) −23.1% (5-year average) · Operating margin −460% · Revenue (TTM) A$735K · Revenue growth (YoY) +58.4% · Free cash flow −A$3.3M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 6 out of 100 (low confidence).

What moves the price

The share trades about 61% below its 52-week high and 50% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −13% fair-value upside, at −3%, VKA screens cheaper than that median.

Fair Value

Bear A$0.0086 Fair Value A$0.0087 Bull A$0.0088
Price A$0.0090 · Downside -3.3%
Estimate. None of our valuation models currently carries for this company, usually because of losses or heavy investment. The estimate draws on revenue and assets compared with similar companies and is less precise than a model-based fair value.

Quality Score breakdown

Overall quality 46/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 3
How much profit the company makes from its sales and capital
Quality Growth 64
Are margins and returns getting better?
Cashflow 25
Do the profits arrive as real cash?
Financial strength 100
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 3
How calm the share price moves, does not count
Price momentum 51
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 53
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 55/100
Spin-off in 2018: revenue and profit before it include the divested business. Growth is measured afresh from 2018.
Revenue growth 1 year
+59.6%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−45.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+37.0%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+83.1%
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.
−2,334.5% (2021) → −502.5% (2026)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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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.Gold · 286 stocks

Beats the industry median on 3/6 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 46 · Above median
Fair Value upside −3.3% · Above median
Profitability
Return on assets −94.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 58.4% · Above median

Valuation Multiplesvs Gold median · lower = cheaper

P/B 3.30× · Pricier than median
P/S (12 months) 31.52× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)29 · sector 5
FUTURE (revenue growth)100 · sector 80
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 99
DIVIDEND (yield)0 · sector 24

Context: sector, industry, market

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 Gold stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Agnico Eagle Mines Limited AEM $190.46 $220.88 +16% vs VKA
Newmont Corporation NEM $119.96 $137.68 +15% vs VKA
Royal Gold, Inc RGLD $274.57 $259.27 −6% vs VKA
AngloGold Ashanti plc AU $93.85 $88.58 −6% vs VKA
Shandong Gold Mining Co 600547 ¥27.00 ¥23.61 −13% vs VKA
Kinross Gold Corporation KGC $21.53 $18.00 −16% vs VKA
Franco-Nevada Corporation FNV $255.79 $212.28 −17% vs VKA
Wheaton Precious Metals Corp WPM $136.62 $87.64 −36% vs VKA
Northern Star Resources Limited NST A$26.73 A$16.87 −37% vs VKA
Zijin Mining Group 601899 ¥28.18 ¥15.62 −45% vs VKA

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Viking Mines Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Viking Mines Ltd Fair Value". https://www.fairvalue-calculator.com/stock/VKA

Frequently asked questions

Is Viking Mines Ltd (VKA) overvalued or undervalued?
As of Nov 10, 2026, our estimate of fair value is A$0.0087 versus a price of A$0.0090, about 3% lower (fairly valued).
What is the fair value of VKA?
Our estimate for Viking Mines Ltd is A$0.0087 (as of Nov 10, 2026), built from audited fundamentals. The current price: A$0.0090.
What is the quality score of VKA?
Viking Mines Ltd has a Quality Score of 46/100. 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 Viking Mines Ltd (VKA)?
Our calculated price target is the estimate of A$0.0087 (as of Nov 10, 2026). Cautious scenario A$0.0086, optimistic scenario A$0.0088. It is an estimate from revenue and assets compared with similar companies, because none of our valuation models currently carries, not an analyst target.
What is the Viking Mines Ltd stock forecast for 2026?
Our estimate puts fair value at A$0.0087, about 3% lower versus a price of A$0.0090 (fairly valued). Cautious scenario A$0.0086, optimistic scenario A$0.0088. The calculation is refreshed regularly with new filings.
What is the revenue of Viking Mines Ltd (VKA)?
Viking Mines Ltd reported trailing-twelve-month revenue of about A$735K (latest available figure, as of Nov 10, 2026).
What is the intrinsic value of Viking Mines Ltd (VKA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Viking Mines Ltd it is A$0.0087 per share (as of Nov 10, 2026), against a price of A$0.0090.
Is Viking Mines Ltd stock overvalued or undervalued in 2026?
As of Nov 10, 2026, VKA trades above its calculated fair value: price A$0.0090, fair value A$0.0087, a gap of about −3% (fairly valued). 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 VKA?
No. The price is what the market pays today (A$0.0090); the fair value is what the company's own numbers justify (A$0.0087). For Viking Mines Ltd the two are A$0.0003 per share apart. That gap is exactly why we show both numbers side by side.
How much is Viking Mines Ltd worth?
The market values Viking Mines Ltd at about A$23.2M (market capitalisation, as of Nov 10, 2026). Per share that is A$0.0090; our models calculate a fair value of A$0.0087 per share.
What do the bullish and bearish scenarios say about VKA?
Our models span a range for Viking Mines Ltd: cautious scenario A$0.0086, base A$0.0087, optimistic A$0.0088 per share (as of Nov 10, 2026, price A$0.0090). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Viking Mines Ltd (VKA)?
Balance-sheet figures for Viking Mines Ltd (as of Nov 10, 2026): return on equity −96.3%. They feed the Quality Score of 46/100, which measures business quality independently of the share price.
How far is VKA from its 52-week high?
Viking Mines Ltd trades at A$0.0090, about 61% below its 52-week high of A$0.0230 and 50% above the low of A$0.0060 (as of Nov 11, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0087 is for.
Which stocks are comparable to Viking Mines Ltd?
From the same area (Basic Materials) we also value Newmont Corporation, Zijin Mining Group, Agnico Eagle Mines Limited, Wheaton Precious Metals Corp, 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 Viking Mines Ltd stock attractive at the current price?
The data as of Nov 10, 2026: price A$0.0090, calculated fair value A$0.0087 (−3%), Quality Score 46/100. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
Is it still worth investing in stocks now?
The global stock market currently sits 15.1% above its aggregate fair value. Viking Mines Ltd itself currently trades above fair value. 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 Viking Mines Ltd (VKA)?
The closing price on Nov 11, 2026 was A$0.0090. Our estimate is A$0.0087, about 3% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Viking Mines Ltd right 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$0.0086 to A$0.0088), unusually little disagreement for a valuation. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Viking Mines Ltd

How large is the market capitalisation of Viking Mines Ltd (VKA)?
The market capitalisation of Viking Mines Ltd is A$23.2M (≈ $16.0M). 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 Viking Mines Ltd (VKA)?
The price-to-sales ratio of Viking Mines Ltd is 31.5 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What is the return on equity of Viking Mines Ltd (VKA)?
The return on equity (ROE) of Viking Mines Ltd is −96.3% (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 Viking Mines Ltd (VKA)?
On an EBIT basis the return on assets of Viking Mines Ltd is −23.1% (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 Viking Mines Ltd (VKA)?
The operating margin of Viking Mines Ltd is −460% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Viking Mines Ltd (VKA)?
Revenue at Viking Mines Ltd is growing +58.4% versus a year earlier (3y avg −45.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Viking Mines Ltd (VKA) generate?
The free cash flow of Viking Mines Ltd is −A$3.3M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Viking Mines Ltd (VKA) hold?
Viking Mines Ltd holds more cash than debt, A$3.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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