Zenith Minerals Ltd (ZNC) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Zenith Minerals Ltd stock A$0.02, price A$0.07, that is 66.0% below the price, quality 40 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range A$0.0300 – A$0.4500 · the A$0.0720 price screens above the A$0.0245 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 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.
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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$0.0720, while our model-based Fair Value estimate is A$0.0245, 66% 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 96/100, which puts the data coverage at low.
Quality & growth
The Quality Score stands at 40/100 (below-average quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.
Zenith Minerals Ltd reported revenue of A$819K in FY2026 versus A$1.1M in FY2022, a compound −7.5%/yr. Reported net income was −A$871K in FY2026.
Key figures
Market cap A$44.6M (≈ $30.7M) Micro · Net margin −106% · Return on equity −4.4% · Return on assets (EBIT) −7.3% (5-year average) · Operating margin −53,921% · Revenue growth (YoY) +9.0% · Free cash flow −A$1.8M · Net cash A$4.1M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 10 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 20% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −66%, ZNC screens richer than that median.
Fair Value models
BearA$0.0245Fair Value A$0.0245BullA$0.0245
Price A$0.0720 · Downside -66.0%
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
NCAV (Graham)A$0.0100A$0.0100A$0.010053
All 1 models by family
Asset-Based
NCAV (Graham)A$0.0100A$0.0100A$0.010053
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.55/100
Spin-off in 2021: revenue and profit before it include the divested business. Growth is measured afresh from 2021.
Revenue growth 1 year
+174.3%
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.
−20.6%
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.
+27.1%
Start year 2021 (pandemic)
’15
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’26
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.
−729.6% (2021) → −252.1% (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
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 · 372 stocks
Beats the industry median on 1/6 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Above median
Fair Value upside−66.0% · Below median
Profitability
Return on assets−3.3% · Below median
Net margin (12 months)−106.3% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)9.0% · Below median
Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper
P/B1.71× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)45· sector 92
PAST (return on equity)0· sector 0
HEALTH (low debt)0· sector 95
DIVIDEND (yield)0· sector 34
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Zenith Minerals Ltd (ZNC) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of A$0.0245 versus a price of A$0.0720, about 66% lower (overvalued).
What is the fair value of ZNC?
Our model-based fair value for Zenith Minerals Ltd is A$0.0245 (as of Nov 4, 2026), built from audited fundamentals. The current price: A$0.0720.
What is the quality score of ZNC?
Zenith Minerals 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 price target for Zenith Minerals Ltd (ZNC)?
Our model-based price target is the fair value of A$0.0245 (as of Nov 4, 2026) from 1 valuation models. 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$0.0245, about 66% lower versus a price of A$0.0720 (overvalued). The calculation is refreshed regularly with new filings.
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$0.0245 per share (as of Nov 4, 2026), against a price of A$0.0720. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Zenith Minerals Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, ZNC trades above its calculated fair value: price A$0.0720, fair value A$0.0245, a gap of about −66% (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$0.0720); the fair value is what the company's own numbers justify (A$0.0245). For Zenith Minerals Ltd the two are A$0.0475 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$44.6M (market capitalisation, as of Nov 4, 2026). Per share that is A$0.0720; our models calculate a fair value of A$0.0245 per share.
How solid is the balance sheet of Zenith Minerals Ltd (ZNC)?
Balance-sheet figures for Zenith Minerals Ltd (as of Nov 4, 2026): return on equity −4.4%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is ZNC from its 52-week high?
Zenith Minerals Ltd trades at A$0.0720, about 37% below its 52-week high of A$0.1150 and 20% above the low of A$0.0600 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0245 is for.
Which stocks are comparable to Zenith Minerals Ltd?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc 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 Zenith Minerals Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price A$0.0720, calculated fair value A$0.0245 (−66%), Quality Score 40/100, 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 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0245 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. 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 Nov 9, 2026 was A$0.0720. Our model-based fair value is A$0.0245, about 66% lower (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?
The price sits above even our optimistic bull case (A$0.0245). The favourable scenario is already priced in. Weak quality (40/100) 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 Zenith Minerals Ltd
How large is the market capitalisation of Zenith Minerals Ltd (ZNC)?
The market capitalisation of Zenith Minerals Ltd is A$44.6M (≈ $30.7M). 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 net margin of Zenith Minerals Ltd (ZNC)?
The net margin of Zenith Minerals Ltd is −106% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Zenith Minerals Ltd (ZNC)?
The return on equity (ROE) of Zenith Minerals Ltd is −4.4% (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 −7.3% (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 −53,921% (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 +9.0% versus a year earlier (3y avg −20.6%). 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$1.8M (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 Zenith Minerals Ltd (ZNC) hold?
Zenith Minerals Ltd holds more cash than debt, A$4.1M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 4, 2026
