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Wide Open Agriculture Ltd (WOA) Fair Value & Analysis

Consumer Defensive · AU · Market cap A$6.5M

WO Wide Open Agriculture Ltd WOA · AU
PriceA$0.0120
Fair ValueA$0.0306
Upside+155.0%
Quality40/100
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Strengths

Trades 61% below our fair value of A$0.0306

Risks

!Weak Growth (revenue 5y −20.2 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Mixed vs. peers (4/9)
Weak Growth (revenue 5y −20.2 %/yr)
Thin margins · 0.0% net margin
Low debt · negative free cash flow
Mixed vs. peers (4/9)
Narrow moat 8/100
Evidence: Low Range A$0.0245 – A$0.0367 Share as image

Fair value as of: Jun 24, 2026

From 1 valuation models · updated 61 days ago

Share price +20.0% over the past month.

Below-average quality, trading 61% below our fair value.

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

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What matters now

  • The large discount to fair value meets weak quality (40/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (A$0.0245). The market is more pessimistic than our downside scenario.
  • 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$0.9750 A$0.0050 Fair Value A$0.0306 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$0.0050 – A$0.9750 · fair‑value band A$0.0245 – A$0.0367 · the A$0.0120 price screens below the A$0.0306 fair value. Dashed = 300-day average. As of Jun 24, 2026.

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Analysis

Wide Open Agriculture Ltd (WOA) currently trades at A$0.0120, while our model-based Fair Value estimate is A$0.0306, implying the stock looks roughly 155.0% undervalued today. The Quality Score stands at 40/100 (below-average quality), in the Consumer Defensive 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: low), always confirm before acting.

Trailing-twelve-month revenue stands at A$581K. Revenue grew 41.4% year over year. It earns a return on equity of -83.8%. The balance sheet holds a net cash position of A$2.5M. Fundamentals as of Jun 24, 2026

Our scenario range runs from A$0.0245 (bear case) to A$0.0367 (bull case); at A$0.0120, the current price sits below 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 54% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 155%, WOA 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
NCAV (Graham) A$0.0100 A$0.0100 50
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0100 A$0.0100 50

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Key figures & financial health

P/S ratio 11.3 TTM
Return on equity -83.8% TTM
Return on assets -48.1% TTM
Operating margin -740% TTM
EPS (TTM) A$-0.0100
Revenue (TTM) A$581K TTM
More key figures
Growth
Revenue growth (YoY) +41.4% 3y avg -63.0%
Balance sheet & cash flow
Free cash flow −A$3.5M FY2025
Net cash A$2.5M FY2025

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

Quality Score breakdown

Overall quality 40/100

Of which business quality 39 · Market factors (momentum, volatility) 26

Profitability 0
Margins and returns on capital today
Quality Growth 95
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 48
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 15
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.

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

Wide Open Agriculture Limited, together with its subsidiaries, develops, manufactures, and sells lupin protein products in Australia, Europe, North America, South America, and Asia.

Full company description

Wide Open Agriculture Limited, together with its subsidiaries, develops, manufactures, and sells lupin protein products in Australia, Europe, North America, South America, and Asia. It offers lupin protein isolates, lupin oil and fibre, and gamma conglutin to food manufacturers, ingredient distributors, and other business customers seeking alternative protein solutions through business-to-business ingredient sales and tolling production services. Wide Open Agriculture Limited was incorporated in 2015 and is based in Leederville, Australia.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Wide Open Agriculture Ltd reported revenue of A$469K in FY2025 versus A$4.3M in FY2021, a compound −42.6%/yr. Reported net income was −A$7.1M in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
A$469K
Latest YoY
+541.1%
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.
−63.0%
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.
−20.2%
Avg. revenue growth/yr (9Y) 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.
+157.9%
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 −42.6%/yr
FY21 A$4.3M
FY22 A$9.3M
FY23 A$210
FY24 A$73.1K
FY25 A$469K
Net income
FY21 −A$7.5M
FY22 −A$10.8M
FY23 −A$14.7M
FY24 −A$13.3M
FY25 −A$7.1M

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Cite: Fair Value Calculator (2026). "Wide Open Agriculture Ltd Fair Value". https://www.fairvalue-calculator.com/stock/WOA

Peer Group

Packaged Foods · 666 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 39 · Bottom 25%
Fair Value upside +155% · Top 25%
Return on assets -48% · Bottom 25%
Net margin (TTM) 0% · Below median
Revenue growth 41% · Top 25%

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/B 0.77× · Cheaper than median
P/S (TTM) 8.06× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 25
FUTURE100 · sector 20
PAST0 · sector 27
HEALTH100 · sector 96
DIVIDEND0 · sector 52

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 Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jun 24, 2026).

Stock Price Fair Value vs Fair Value
Nestlé S.A NESN CHF 79.06 CHF 57.26 -28%
Danone S.A BN €65.48 €48.41 -26%
Nestlé India Limited NESTLEIND ₹1,478 ₹251.94 -83%
The Kraft Heinz Company KHC $24.53 $24.59 +0%
Foshan Haitian Flavouring and Food Company 603288 ¥35.05 ¥21.93 -37%
Inner Mongolia Yili Industrial Group 600887 ¥25.51 ¥32.50 +27%
Yihai Kerry Arawana Holdings 300999 ¥25.28 ¥9.89 -61%
General Mills, Inc GIS $38.18 $28.32 -26%
Wilmar International Limited F34 3.64 SGD 3.89 SGD +7%
McCormick & Company MKCV $55.65 $43.29 -22%

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Frequently asked questions

Is Wide Open Agriculture Ltd (WOA) overvalued or undervalued?
As of Jun 24, 2026, our model estimates a fair value of A$0.0306 versus a price of A$0.0120, about +155% (undervalued).
What is the fair value of WOA?
Our model-based fair value for Wide Open Agriculture Ltd is A$0.0306 (as of Jun 24, 2026), built from audited fundamentals. The current price: A$0.0120.
What is the quality score of WOA?
Wide Open Agriculture Ltd has a Quality Score of 40/100. 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 Wide Open Agriculture Ltd (WOA)?
Wide Open Agriculture Ltd reported trailing-twelve-month revenue of about A$581K (latest available figure, as of Jun 24, 2026).
What is the net profit margin of WOA?
The net profit margin of Wide Open Agriculture Ltd 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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