Zenith Minerals Ltd (ZNC) fair value: what the stock is really worth
We calculate from audited financials what Zenith Minerals Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily.
Valuation from Sep 13, 2026. With the latest figures (losses, negative cash flow), a fair value can no longer be calculated.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 13, 2026.
How to read this chart
60‑month range A$0.0300 – A$0.4500 · fair‑value band A$0.0471 – A$0.0828 · the A$0.0800 price screens above the A$0.0685 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 13, 2026.
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Zenith Minerals Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia. It explores for gold, lithium, base metal, caesium, manganese, tantalum, zinc, lead, and silver deposits. The company was formerly known as Zinc Co Australia Limited and changed its name to Zenith Minerals Limited in November 2010.
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Zenith Minerals Limited, together with its subsidiaries, engages in the exploration of mineral properties in Australia. It explores for gold, lithium, base metal, caesium, manganese, tantalum, zinc, lead, and silver deposits. The company was formerly known as Zinc Co Australia Limited and changed its name to Zenith Minerals Limited in November 2010. Zenith Minerals Limited was incorporated in 2006 and is based in West Perth, Australia.
Stock analysis
Zenith Minerals Ltd (ZNC) currently trades at A$0.0800, while our model-based Fair Value estimate is A$0.0685, implying the stock looks roughly 16.8% overvalued today.
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Valuation
How firm this estimate is: it rests on 3 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: A$0.0471 (bear) to A$0.0828 (bull), the price of A$0.0800 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 34/100 (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.
Zenith Minerals Ltd reported revenue of A$299K in FY2025 versus A$247K in FY2021, a compound +4.8%/yr. Reported net income was −A$2.9M in FY2025.
Key figures
Market cap A$57.6M (≈ $40.4M) · Return on equity −10.0% · Return on assets (EBIT) −8.5% · Operating margin −45,835% · Revenue (TTM) A$293K · Revenue growth (YoY) −66.3% · Free cash flow −A$1.3M · Net cash A$593K.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 33% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 10% fair-value upside, at −14%, ZNC screens richer than that median.
Fair Value models
Bear A$0.0471Fair Value A$0.0685Bull A$0.0828
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 is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−54.0%
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.
−35.6%
Revenue growth 5 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.
−10.3%
Start year 2020 (pandemic). Over 10 years: +26.2% a year
Revenue growth 16 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.
+42.6%
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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.
−156.5% (2020) → −228.3% (2025)
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
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 Industrial Metals & Mining · 456 stocks
Beats the industry median on 1/5 measures
Overall it trails its industry peers.
Valuation
Quality Score34 · Below median
Fair Value upside−14% · Above median
Profitability
Return on assets−6% · Below median
Growth and dividend
Revenue growth−66% · Bottom 25%
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
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Is Zenith Minerals Ltd (ZNC) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of A$0.0685 versus a price of A$0.0800, about −14% upside (overvalued).
What is the fair value of ZNC?
Our model-based fair value for Zenith Minerals Ltd is A$0.0685 (as of Sep 13, 2026), built from audited fundamentals. The current price: A$0.0800.
What is the quality score of ZNC?
Zenith Minerals Ltd has a Quality Score of 34/100. 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 Zenith Minerals Ltd (ZNC)?
Our model-based price target is the fair value of A$0.0685 (as of Sep 13, 2026) from 1 valuation models. Cautious scenario A$0.0471, optimistic scenario A$0.0828. It is a calculation from audited fundamentals, not an analyst target.
What is the Zenith Minerals Ltd stock forecast for 2026?
Our models put fair value at A$0.0685, about −14% upside versus a price of A$0.0800 (overvalued). Cautious scenario A$0.0471, optimistic scenario A$0.0828. The calculation is refreshed regularly with new filings.
What is the revenue of Zenith Minerals Ltd (ZNC)?
Zenith Minerals Ltd reported trailing-twelve-month revenue of about A$293K (latest available figure, as of Sep 13, 2026).
What is the intrinsic value of Zenith Minerals Ltd (ZNC)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zenith Minerals Ltd it is A$0.0685 per share (as of Sep 13, 2026), against a price of A$0.0800. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Zenith Minerals Ltd stock overvalued or undervalued in 2026?
As of Sep 13, 2026, ZNC trades above its calculated fair value: price A$0.0800, fair value A$0.0685, a gap of about −14% (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 ZNC?
No. The price is what the market pays today (A$0.0800); the fair value is what the company's own numbers justify (A$0.0685). For Zenith Minerals Ltd the two are A$0.0115 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zenith Minerals Ltd worth?
The market values Zenith Minerals Ltd at about A$57.6M (market capitalisation, as of Sep 13, 2026). Per share that is A$0.0800; our models calculate a fair value of A$0.0685 per share.
What do the bullish and bearish scenarios say about ZNC?
Our models span a range for Zenith Minerals Ltd: cautious scenario A$0.0471, base A$0.0685, optimistic A$0.0828 per share (as of Sep 13, 2026, price A$0.0800). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Zenith Minerals Ltd (ZNC)?
Balance-sheet figures for Zenith Minerals Ltd (as of Sep 13, 2026): return on equity −10.0%. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is ZNC from its 52-week high?
Zenith Minerals Ltd trades at A$0.0800, about 52% below its 52-week high of A$0.1650 and 33% above the low of A$0.0600 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0685 is for.
Which stocks are comparable to Zenith Minerals Ltd?
From the same area (Basic Materials) we also value Vale S.A, Saudi Arabian Mining Company, CMOC Group, China Tungsten And Hightech Materials Co, 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 Zenith Minerals Ltd stock attractive at the current price?
The data as of Sep 13, 2026: price A$0.0800, calculated fair value A$0.0685 (−14%), Quality Score 34/100, 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 ZNC calculated?
We run Zenith Minerals Ltd 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$0.0685, 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 14.0 % above its aggregate fair value. Zenith Minerals Ltd 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 Zenith Minerals Ltd (ZNC)?
The closing price on Sep 24, 2026 was A$0.0800. Our model-based fair value is A$0.0685, about −14% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zenith Minerals Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Zenith Minerals Ltd
How large is the market capitalisation of Zenith Minerals Ltd (ZNC)?
The market capitalisation of Zenith Minerals Ltd is A$57.6M (≈ $40.4M). 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 return on equity of Zenith Minerals Ltd (ZNC)?
The return on equity (ROE) of Zenith Minerals Ltd is −10.0% (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 Zenith Minerals Ltd (ZNC)?
On an EBIT basis the return on assets of Zenith Minerals Ltd is −8.5% (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 Zenith Minerals Ltd (ZNC)?
The operating margin of Zenith Minerals Ltd is −45,835% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zenith Minerals Ltd (ZNC)?
Revenue at Zenith Minerals Ltd is growing −66.3% versus a year earlier (3y avg −35.6%). 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 Zenith Minerals Ltd (ZNC) generate?
The free cash flow of Zenith Minerals Ltd is −A$1.3M (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 Zenith Minerals Ltd (ZNC) hold?
Zenith Minerals Ltd holds more cash than debt, A$593K net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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