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Critica Limited (VTMLF) Fair Value & Analysis

Basic Materials · US · Market cap $55.5M

CL Critica Limited logo Critica Limited VTMLF · US
Price$0.0183
Fair Value$0.0168
Upside-8.2%
Quality61/100
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Expensive Growth
Thin margins · 0.0% net margin
negative free cash flow
Mixed vs. peers (3/7)
Narrow moat 6/100
Evidence: Low Share as image

Fair value as of: Jul 31, 2026

From 2 valuation models · updated 10 days ago

A solid business, 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.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

$0.4300 $0.0001 Fair Value $0.0168 Jul 2015 Jul 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 31, 2026.

How to read this chart

60‑month range $0.0001 – $0.4300 · the $0.0183 price screens above the $0.0168 fair value. Dashed = 300-day average. As of Jul 31, 2026.

Full chart & analysis →

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Analysis

Critica Limited (VTMLF) currently trades at $0.0183, while our model-based Fair Value estimate is $0.0168, implying the stock looks roughly 8.2% fairly valued today. The Quality Score stands at 61/100 (solid 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).

Trailing-twelve-month revenue stands at $92.5K. Revenue declined 65.4% year over year. It earns a return on equity of -91.5%. The balance sheet holds a net cash position of $3.9M. Fundamentals as of Jul 31, 2026

For context, the median of 10 Basic Materials peers we cover trades at -34% fair-value upside, at -8%, VTMLF 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
Gordon GGM $0.0100 $0.0100 $0.0200 70
DDM Multi-Stage $0.0100 $0.0100 $0.0100 61
All 2 models by family
Dividend Discount
Gordon GGM $0.0100 $0.0100 $0.0200 70
DDM Multi-Stage $0.0100 $0.0100 $0.0100 61

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Key figures & financial health

Revenue (TTM) $92.5K
Revenue growth (YoY) -65.4%
Return on equity -91.5%
Free cash flow −$6.2M FY2025
Operating margin -4,798%
Net cash $3.9M FY2025

Figures from reported company fundamentals · as of Jul 31, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 25

Profitability 8
Margins and returns on capital today
Quality Growth 90
Are margins and returns improving?
Cashflow 26
Earnings quality: real cash, not paper profit
Fin. Strength 75
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 28
Distance to the 52-week high (market factor)
Net Issuance 100
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

Critica Limited engages in the exploration and development of mineral resources in Australia. The company explores for thorium, uranium, zinc, lithium, bismuth, antimony, copper, gold, nickel, tin, and tungsten, as well as platinum grade and rare earth elements.

Full company description

Critica Limited engages in the exploration and development of mineral resources in Australia. The company explores for thorium, uranium, zinc, lithium, bismuth, antimony, copper, gold, nickel, tin, and tungsten, as well as platinum grade and rare earth elements. Its flagship project is the 100% owned the Jupiter and the Brothers project located in Yalgoo, Western Australia. The company was formerly known as Venture Minerals Limited and changed its name to Critica Limited in September 2024. Critica Limited was incorporated in 2006 and is based in West Perth, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Critica Limited reported revenue of $1.2M in FY2025 versus $6.2K in FY2021, a compound +275.2%/yr. Reported net income was −$3.8M in FY2025.

Growth Quality 44/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$1.2M
Latest YoY
+1,215.5%
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.
+434.0%
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.
+143.2%
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.
+5.1%
Revenue +275.2%/yr
FY21 $6.2K
FY22 $8.1K
FY23 $94.9K
FY24 $93.7K
FY25 $1.2M
Net income
FY21 −$11.8M
FY22 −$17.8M
FY23 −$9.1M
FY24 −$6.3M
FY25 −$3.8M

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

Peer Group

Other Industrial Metals & Mining · 475 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 61 · Top 25%
Fair Value upside +9% · Top 25%
Return on assets -50% · Bottom 25%
Net margin (TTM) 0% · Above median
Revenue growth -65% · Bottom 25%

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

P/B 10.40× · 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 46 · sector 0
FUTURE 0 · sector 23
PAST 0 · sector 0
HEALTH 0 · sector 96
DIVIDEND 0 · sector 21

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 Jul 31, 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 Critica Limited (VTMLF) overvalued or undervalued?
As of Jul 31, 2026, our model estimates a fair value of $0.0168 versus a price of $0.0183, about −8% (fairly valued).
What is the fair value of VTMLF?
Our model-based fair value for Critica Limited is $0.0168 (as of Jul 31, 2026), built from audited fundamentals. The current price is $0.0183.
What is the quality score of VTMLF?
Critica Limited has a Quality Score of 61/100. 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 Critica Limited (VTMLF)?
Critica Limited reported trailing-twelve-month revenue of about $92.5K (latest available figure, as of Jul 31, 2026).
What is the net profit margin of VTMLF?
The net profit margin of Critica 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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