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Western Ridge Resources Limited (WRX) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Western Ridge Resources Limited stock A$0.05, price A$0.06, that is 26.8% below the price, quality 31 out of 100. Rating: overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials AU · ISIN AU0000458739

WR Western Ridge Resources Limited logo Thin data Nov 4, 2026

Western Ridge Resources Limited

WRX · AU
Weak valuation

Our calculation puts a fair price 27% below what the stock costs today.

Revenue last quarter 41% below a year ago.
Fair value A$0.0454 · Overvalued
Quality 31/100
Weak Growth (revenue 3y −7.9 %/yr in AUD)
Negative free cash flow
Trails peers (1/5)
Narrow moat 41/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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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

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

Price vs Fair Value

A$0.0680 A$0.0150 Fair Value A$0.0454 Mar 2026 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.

How to read this chart

8‑month range A$0.0150 – A$0.0680 · fair‑value band A$0.0355 – A$0.0503 · the A$0.0620 price screens above the A$0.0454 fair value. As of Nov 4, 2026.

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Company profile

Western Ridge Resources Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery and critical mineral projects in Brazil, Canada, and Australia.

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The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits. Its flagship projects are the Equador Niobium Project and the Juazerinho Niobium Project, located in the Borborema Pegmatitic Province of northeastern Brazil.

The company was formerly known as Summit Minerals Limited and changed its name to Western Ridge Resources Limited in February 2026. Western Ridge Resources Limited was incorporated in 2021 and is based in Peppermint Grove, Australia.

Stock analysis

Western Ridge Resources Limited (WRX) currently trades at A$0.0620, while our model-based Fair Value estimate is A$0.0454, 27% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 92/100, which puts the data coverage at low.

Scenario range: A$0.0355 (bear) to A$0.0503 (bull), the price of A$0.0620 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 31/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Western Ridge Resources Limited reported revenue of A$51.7K in FY2026 versus A$66.3K in FY2023, a compound −7.9%/yr. Reported net income was −A$12.2M in FY2026.

Key figures

Market cap A$11.9M (≈ $8.2M) Micro · EPS (TTM) A$−0.0900 · Return on equity −179% · Return on assets (EBIT) −149% (5-year average) · Operating margin −23,370% · Revenue (TTM) A$51.7K · Revenue growth (YoY) −41.2% · Free cash flow −A$2.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).

What moves the price

For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at −27%, WRX screens richer than that median.

Fair Value models

Bear A$0.0355 Fair Value A$0.0454 Bull A$0.0503
Price A$0.0620 · Downside -26.8%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EV/EBITDA A$0.0300 A$0.0500 A$0.0600 64
All 1 models by family
Multiples
EV/EBITDA A$0.0300 A$0.0500 A$0.0600 64

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 31/100

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

Profitability 1
How much profit the company makes from its sales and capital
Quality Growth 32
Are margins and returns getting better?
Cashflow 0
Do the profits arrive as real cash?
Financial strength 91
Debt, balance sheet and risk of trouble
Investment 67
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 100
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 100
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. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−47.0%
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.
−7.9%
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.
−1,194.2% (2023) → −19,281.4% (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

WRX screens overvalued: fair value 27% below the price. Compare with PT Amman Mineral Internasional Tbk →

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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.Other Precious Metals & Mining · 102 stocks

Beats the industry median on 1/4 measures
Overall it trails its industry peers.
Valuation
Quality Score 31 · Below median
Fair Value upside −26.8% · Above median
Growth and dividend
Revenue growth (quarter YoY) −41.2% · Bottom 25%

Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper

P/B 5.92× · Priciest 25%

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 Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Sibanye Stillwater Limited SBSW $9.50 $12.61 +33% vs WRX
Hecla Mining Company HL $14.74 $15.90 +8% vs WRX
Triple Flag Precious Metals Corp TFPM $31.53 $32.54 +3% vs WRX
Compañía de Minas Buenaventura S.A. BVN $27.99 $26.98 −4% vs WRX
International Gemological Institute Limited IGIL ₹407.40 ₹338.90 −17% vs WRX
Sino-Platinum Metals Co 600459 ¥16.70 ¥13.23 −21% vs WRX
China Gold International Resources Corp CGG C$32.55 C$14.94 −54% vs WRX
Artemis Gold Inc ARTG C$40.64 C$15.63 −62% vs WRX
Perpetua Resources Corp PPTA $19.53 $5.16 −74% vs WRX
PT Amman Mineral Internasional Tbk AMMN 3,620 IDR 881.70 IDR −76% vs WRX

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Western Ridge Resources Limited: fair value per Fair Value Calculator

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

Frequently asked questions

Is Western Ridge Resources Limited (WRX) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0454 versus a price of A$0.0620, about 27% lower (overvalued).
What is the fair value of WRX?
Our model-based fair value for Western Ridge Resources Limited is A$0.0454 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0620.
What is the quality score of WRX?
Western Ridge Resources Limited has a Quality Score of 31/100. 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 Western Ridge Resources Limited (WRX)?
Our model-based price target is the fair value of A$0.0454 (as of Nov 4, 2026) from 1 valuation models. Cautious scenario A$0.0355, optimistic scenario A$0.0503. It is a calculation from audited fundamentals, not an analyst target.
What is the Western Ridge Resources Limited stock forecast for 2026?
Our models put fair value at A$0.0454, about 27% lower versus a price of A$0.0620 (overvalued). Cautious scenario A$0.0355, optimistic scenario A$0.0503. The calculation is refreshed regularly with new filings.
What is the revenue of Western Ridge Resources Limited (WRX)?
Western Ridge Resources Limited reported trailing-twelve-month revenue of about A$51.7K (latest available figure, as of Nov 4, 2026).
What is the intrinsic value of Western Ridge Resources Limited (WRX)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Western Ridge Resources Limited it is A$0.0454 per share (as of Nov 4, 2026), against a price of A$0.0620. It is the blended result of 1 valuation models in 1 family (Multiples).
Is Western Ridge Resources Limited stock overvalued or undervalued in 2026?
As of Nov 4, 2026, WRX trades above its calculated fair value: price A$0.0620, fair value A$0.0454, a gap of about −27% (overvalued). 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 WRX?
No. The price is what the market pays today (A$0.0620); the fair value is what the company's own numbers justify (A$0.0454). For Western Ridge Resources Limited the two are A$0.0166 per share apart. That gap is exactly why we show both numbers side by side.
How much is Western Ridge Resources Limited worth?
The market values Western Ridge Resources Limited at about A$11.9M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0620; our models calculate a fair value of A$0.0454 per share.
What do the bullish and bearish scenarios say about WRX?
Our models span a range for Western Ridge Resources Limited: cautious scenario A$0.0355, base A$0.0454, optimistic A$0.0503 per share (as of Nov 4, 2026, price A$0.0620). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Western Ridge Resources Limited (WRX)?
Balance-sheet figures for Western Ridge Resources Limited (as of Nov 4, 2026): return on equity −178.9%. They feed the Quality Score of 31/100, which measures business quality independently of the share price.
Which stocks are comparable to Western Ridge Resources Limited?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 Western Ridge Resources Limited stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0620, calculated fair value A$0.0454 (−27%), Quality Score 31/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of WRX calculated?
We run Western Ridge Resources Limited through 1 models from 1 family: Multiples. Every model gets the same audited fundamentals; the fair value of A$0.0454 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Western Ridge Resources Limited 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 Western Ridge Resources Limited (WRX)?
The closing price on Nov 9, 2026 was A$0.0620. Our model-based fair value is A$0.0454, about 27% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Western Ridge Resources Limited right now?
The price sits above even our optimistic bull case (A$0.0503). The favourable scenario is already priced in. Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Western Ridge Resources Limited

How large is the market capitalisation of Western Ridge Resources Limited (WRX)?
The market capitalisation of Western Ridge Resources Limited is A$11.9M (≈ $8.2M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What are the earnings per share of Western Ridge Resources Limited (WRX)?
Earnings per share at Western Ridge Resources Limited are A$−0.0900. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Western Ridge Resources Limited (WRX)?
The return on equity (ROE) of Western Ridge Resources Limited is −179% (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 Western Ridge Resources Limited (WRX)?
On an EBIT basis the return on assets of Western Ridge Resources Limited is −149% (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 Western Ridge Resources Limited (WRX)?
The operating margin of Western Ridge Resources Limited is −23,370% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Western Ridge Resources Limited (WRX)?
Revenue at Western Ridge Resources Limited is growing −41.2% versus a year earlier (3y avg −7.9%). 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 Western Ridge Resources Limited (WRX) generate?
The free cash flow of Western Ridge Resources Limited is −A$2.6M (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 Western Ridge Resources Limited (WRX) hold?
Western Ridge Resources Limited holds more cash than debt, A$408K net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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