Western Ridge Resources Limited (WRX) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Western Ridge Resources Limited A$0.02, price A$0.04, upside -36.0%, quality 12 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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. The company explores for niobium, tantalum, rare earth elements, uranium, and lithium pegmatite deposits.
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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. 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$0.0350, while our model-based Fair Value estimate is A$0.0224, implying the stock looks roughly 56.3% overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 87/100, which puts the evidence level at low.
Quality & growth
The Quality Score stands at 12/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak, negative or inconsistent.
Western Ridge Resources Limited reported revenue of A$97.6K in FY2025 versus A$66.3K in FY2023, a compound +21.4%/yr. Reported net income was −A$4.9M in FY2025.
Key figures
Market cap A$4.8M (≈ $3.4M) · P/S ratio 70.6 · EPS (TTM) A$−0.0700 · Return on equity −83.2% · Return on assets (EBIT) −68.5% · Operating margin −24,128% · Revenue (TTM) A$68.0K · Revenue growth (YoY) −51.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 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 −36%, WRX screens richer than that median.
Fair Value models
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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 growth is weak, negative or inconsistent.
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Western Ridge Resources Limited with another stock
Price, fair value, quality and upside side by side.
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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 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score20 · Bottom 25%
Fair Value upside−36% · Below median
Profitability
Return on assets−51% · Bottom 25%
Growth and dividend
Revenue growth−51% · Bottom 25%
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
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Is Western Ridge Resources Limited (WRX) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of A$0.0224 versus a price of A$0.0350, about −36% upside (overvalued).
What is the fair value of WRX?
Our model-based fair value for Western Ridge Resources Limited is A$0.0224 (as of Sep 23, 2026), built from audited fundamentals. The current price: A$0.0350.
What is the quality score of WRX?
Western Ridge Resources Limited has a Quality Score of 12/100. 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$0.0224 (as of Sep 23, 2026) from 1 valuation models. 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$0.0224, about −36% upside versus a price of A$0.0350 (overvalued). 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$68.0K (latest available figure, as of Sep 23, 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$0.0224 per share (as of Sep 23, 2026), against a price of A$0.0350. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Western Ridge Resources Limited stock overvalued or undervalued in 2026?
As of Sep 23, 2026, WRX trades above its calculated fair value: price A$0.0350, fair value A$0.0224, a gap of about −36% (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$0.0350); the fair value is what the company's own numbers justify (A$0.0224). For Western Ridge Resources Limited the two are A$0.0126 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$4.8M (market capitalisation, as of Sep 23, 2026). Per share that is A$0.0350; our models calculate a fair value of A$0.0224 per share.
How solid is the balance sheet of Western Ridge Resources Limited (WRX)?
Balance-sheet figures for Western Ridge Resources Limited (as of Sep 23, 2026): return on equity −83.2%. They feed the Quality Score of 12/100, 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, Compañía de Minas Buenaventura S.A., Sibanye Stillwater Limited, 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 Sep 23, 2026: price A$0.0350, calculated fair value A$0.0224 (−36%), Quality Score 12/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of A$0.0224, 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 14.1 % 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 Sep 23, 2026 was A$0.0350. Our model-based fair value is A$0.0224, about −36% upside (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?
Weak quality (12/100) 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.
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$4.8M (≈ $3.4M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Western Ridge Resources Limited (WRX)?
The price-to-sales ratio of Western Ridge Resources Limited is 70.6 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Western Ridge Resources Limited (WRX)?
Earnings per share at Western Ridge Resources Limited are A$−0.0700. 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 −83.2% (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 −68.5% (avg 4y). 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 −24,128% (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 −51.0% versus a year earlier. 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$3.1M (fiscal year 2025). 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$1.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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