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Wishbone Gold Plc (WSBN) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Wishbone Gold Plc stock £0.08, price £0.09, that is 7.0% below the price, quality 58 out of 100. Rating: fairly valued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials GB · ISIN GI000A2PX455

WG Wishbone Gold Plc logo Thin data Nov 5, 2026

Wishbone Gold Plc

WSBN · LSE
Fairly valued, in a downtrend

The stock costs about what our calculation considers fair.

Fair value £0.0849 · Fairly valued
Quality 58/100
Mixed vs. peers (4/7)
Weak Growth (revenue 3y −38.8 %/yr in GBP)
Negative free cash flow
Narrow moat 8/100 · thin data
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

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

Price vs Fair Value

£17.00 £0.0913 Fair Value £0.0849 Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range £0.0913 – £17.00 · fair‑value band £0.0849 – £0.0932 · the £0.0913 price screens above the £0.0849 fair value. As of Nov 5, 2026.

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Company profile

Wishbone Gold Plc, together with its subsidiaries, engages in gold trading activities in Australia. It explores for gold, silver, copper, lead, and other metals. The company's flagship project is Red Setter located in the Patersons Range region of Western Australia.

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Wishbone Gold Plc was incorporated in 2009 and is based in Gibraltar.

Stock analysis

Wishbone Gold Plc (WSBN) currently trades at £0.0913, while our model-based Fair Value estimate is £0.0849, so the stock looks roughly fairly valued today (gap 7.5%).

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Valuation

How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: £0.0849 (bear) to £0.0932 (bull), the price of £0.0913 sits inside 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 58/100 (solid 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.

Wishbone Gold Plc reported revenue of £0 in FY2025 versus £0 in FY2021. Reported net income was −£1.2M in FY2025.

Key figures

Market cap £3.5M Micro · P/S ratio 7.32 · EPS (TTM) £−0.0100 · Return on equity −17.3% · Return on assets (EBIT) −18.5% (5-year average) · Operating margin −363% · Revenue (TTM) £506K · Revenue growth (YoY) +334%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).

What moves the price

The share trades about 93% below its 52-week high and at its 52-week low.

For context, the median of 10 Basic Materials peers we cover trades at −10% fair-value upside, at −7%, WSBN screens cheaper than that median.

Fair Value models

Bear £0.0849 Fair Value £0.0849 Bull £0.0932
Price £0.0913 · Downside -7.0%
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
Owner Earnings £0.1000 £0.1000 £0.1100 73
NCAV (Graham) £0.0700 £0.1100 £0.1400 52
All 2 models by family
DCF Models
Owner Earnings £0.1000 £0.1000 £0.1100 73
Asset-Based
NCAV (Graham) £0.0700 £0.1100 £0.1400 52

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 58/100

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

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 75
Are margins and returns getting better?
Cashflow 100
Do the profits arrive as real cash?
Financial strength 98
Debt, balance sheet and risk of trouble
Investment 0
Does it invest with discipline instead of growing at any price?
Low Volatility 7
How calm the share price moves, does not count
Price momentum 0
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 0
Distance to the 52-week high, does not count
New shares 50
Buys back shares or issues new ones?

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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
−82.9%
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.
−38.8%
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.
−21.7% (2016) → −43.9% (2020)
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
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 · 205 stocks

Beats the industry median on 4/6 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 58 · Above median
Fair Value upside −7.0% · Above median
Profitability
Return on assets −9.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) 334.4% · Top 25%

Valuation Multiplesvs Gold median · lower = cheaper

P/B 0.28× · Cheapest 25%
P/S (12 months) 6.85× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)24 · sector 0
FUTURE (revenue growth)100 · sector 100
PAST (return on equity)0 · sector 44
HEALTH (low debt)0 · sector 98
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 $191.57 $220.07 +15% vs WSBN
Newmont Corporation NEM $120.91 $133.00 +10% vs WSBN
AngloGold Ashanti plc AU $92.99 $88.58 −5% vs WSBN
Royal Gold, Inc RGLD $265.81 $248.53 −7% vs WSBN
Shandong Gold Mining Co 600547 ¥26.20 ¥23.61 −10% vs WSBN
Franco-Nevada Corporation FNV $254.95 $212.28 −17% vs WSBN
Kinross Gold Corporation KGC $22.24 $18.00 −19% vs WSBN
Northern Star Resources Limited NST A$25.85 A$16.87 −35% vs WSBN
Wheaton Precious Metals Corp WPM $136.31 $87.64 −36% vs WSBN
Zijin Mining Group 601899 ¥28.28 ¥15.62 −45% vs WSBN

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Wishbone Gold Plc: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Wishbone Gold Plc Fair Value". https://www.fairvalue-calculator.com/stock/WSBN

Frequently asked questions

Is Wishbone Gold Plc (WSBN) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of £0.0849 versus a price of £0.0913, about 7% lower (fairly valued).
What is the fair value of WSBN?
Our model-based fair value for Wishbone Gold Plc is £0.0849 (as of Nov 5, 2026), built from audited fundamentals. The current price: £0.0913.
What is the quality score of WSBN?
Wishbone Gold Plc has a Quality Score of 58/100. 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 Wishbone Gold Plc (WSBN)?
Our model-based price target is the fair value of £0.0849 (as of Nov 5, 2026) from 2 valuation models. Cautious scenario £0.0849, optimistic scenario £0.0932. It is a calculation from audited fundamentals, not an analyst target.
What is the Wishbone Gold Plc stock forecast for 2026?
Our models put fair value at £0.0849, about 7% lower versus a price of £0.0913 (fairly valued). Cautious scenario £0.0849, optimistic scenario £0.0932. The calculation is refreshed regularly with new filings.
What is the revenue of Wishbone Gold Plc (WSBN)?
Wishbone Gold Plc reported trailing-twelve-month revenue of about £506K (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of Wishbone Gold Plc (WSBN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Wishbone Gold Plc it is £0.0849 per share (as of Nov 5, 2026), against a price of £0.0913. It is the blended result of 2 valuation models in 2 families (DCF Models, Asset-Based).
Is Wishbone Gold Plc stock overvalued or undervalued in 2026?
As of Nov 5, 2026, WSBN trades above its calculated fair value: price £0.0913, fair value £0.0849, a gap of about −7% (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 WSBN?
No. The price is what the market pays today (£0.0913); the fair value is what the company's own numbers justify (£0.0849). For Wishbone Gold Plc the two are £0.0064 per share apart. That gap is exactly why we show both numbers side by side.
How much is Wishbone Gold Plc worth?
The market values Wishbone Gold Plc at about £3.5M (market capitalisation, as of Nov 5, 2026). Per share that is £0.0913; our models calculate a fair value of £0.0849 per share.
What do the bullish and bearish scenarios say about WSBN?
Our models span a range for Wishbone Gold Plc: cautious scenario £0.0849, base £0.0849, optimistic £0.0932 per share (as of Nov 5, 2026, price £0.0913). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Wishbone Gold Plc (WSBN)?
Balance-sheet figures for Wishbone Gold Plc (as of Nov 5, 2026): return on equity −17.3%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is WSBN from its 52-week high?
Wishbone Gold Plc trades at £0.0913, about 93% below its 52-week high of £1.23 and at the low of £0.0913 (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of £0.0849 is for.
Which stocks are comparable to Wishbone Gold Plc?
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 Wishbone Gold Plc stock attractive at the current price?
The data as of Nov 5, 2026: price £0.0913, calculated fair value £0.0849 (−7%), Quality Score 58/100, from 2 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 WSBN calculated?
We run Wishbone Gold Plc through 2 models from 2 families: DCF Models, Asset-Based. Every model gets the same audited fundamentals; the fair value of £0.0849 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. Wishbone Gold Plc 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 Wishbone Gold Plc (WSBN)?
The closing price on Nov 6, 2026 was £0.0913. Our model-based fair value is £0.0849, about 7% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Wishbone Gold Plc 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 (£0.0849 to £0.0932), 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 Wishbone Gold Plc

How large is the market capitalisation of Wishbone Gold Plc (WSBN)?
The market capitalisation of Wishbone Gold Plc is £3.5M. 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 Wishbone Gold Plc (WSBN)?
The price-to-sales ratio of Wishbone Gold Plc is 7.32 (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 Wishbone Gold Plc (WSBN)?
Earnings per share at Wishbone Gold Plc are £−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Wishbone Gold Plc (WSBN)?
The return on equity (ROE) of Wishbone Gold Plc is −17.3% (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 Wishbone Gold Plc (WSBN)?
On an EBIT basis the return on assets of Wishbone Gold Plc is −18.5% (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 Wishbone Gold Plc (WSBN)?
The operating margin of Wishbone Gold Plc is −363% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Wishbone Gold Plc (WSBN)?
Revenue at Wishbone Gold Plc is growing +334% 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 Wishbone Gold Plc (WSBN) generate?
The free cash flow of Wishbone Gold Plc is −£2.6M (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 Wishbone Gold Plc (WSBN) hold?
Wishbone Gold Plc holds more cash than debt, £3.4M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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