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STOCK COMPARISON

Newmont vs Novo Resources: Fair Value & Quality

Both stocks run through our valuation models. Here is how Newmont (NEM) and Novo Resources (NVO) compare, as of Sep 22, 2026.

As of Sep 22, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Newmont trades at A$172 versus a fair value of A$149 (-13%), while Novo Resources trades at C$0.08 versus C$0.06 (-19%).
Newmont
NEM.AU · AUD · Materials
-13%
upside to fair value
overvalued
PriceA$172
Fair ValueA$149
Quality71/100
Novo Resources
NVO.TO · CAD · Materials
-19%
upside to fair value
overvalued
PriceC$0.08
Fair ValueC$0.06
Quality37/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

NewmontNovo Resources
Valuation
11.6×P/E (TTM)
4.00×P/S (TTM)8.77×
2.95×P/B0.47×
6.0×EV/EBITDA
2.63×PEG
−13.5%Fair value upside−19.2%
0.6%Dividend yield
A$1.02Dividend per share
Profitability
61%Operating margin0%
1.76×EBIT margin trend (5Y)
26%Return on equity-36%
15%Return on assets-20%
Growth
46%Revenue growth (YoY)-92%
25.3%Avg. growth/yr (3Y)
15.3%Avg. growth/yr (5Y)
+14.3%Value creation/yr
Balance & size
46.9×Interest coverage (EBIT/interest)
0.15×Debt / equity
$100BMarket cap$22M
healthyGrowth qualityweak

Newmont leads: 5 to 1 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Newmontof which business quality 70 · market factors 72 Novo Resourcesof which business quality 37 · market factors 27
ProfitabilityMargins and returns on capital today
63
0
Quality GrowthAre margins and returns improving?
98
25
CashflowEarnings quality: real cash, not paper profit
81
51
Fin. StrengthBalance sheet, leverage, solvency risk
85
60
InvestmentDisciplined investing over empire-building
22
100
Low VolatilityCalm price path (market factor)
63
40
MomentumPrice trend over the last 3–12 months (market factor)
74
29
52W MomentumDistance to the 52-week high (market factor)
78
10
Net IssuanceShare count: buybacks or dilution?
50
0

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyNewmontPrice A$172Novo ResourcesPrice C$0.08
DCF Models+15%close to the priceA$197n/a
Earnings-Based-10%close to the priceA$155n/a
Multiples-38%below the priceA$106n/a
Asset-Based-88%below the priceA$21.27-7%close to the priceC$0.07
Growth DCF-13%close to the priceA$150n/a
Economic Profit-50%below the priceA$86.58n/a
Growth Earnings+10%close to the priceA$189n/a
Minimum-88%below the priceA$21.27-7%close to the priceC$0.07
Maximum+15%close to the priceA$197-7%close to the priceC$0.07
Median-13%close to the priceA$150-7%close to the priceC$0.07
Geometric mean-37%below the priceA$108-7%close to the priceC$0.07

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Newmont: 15 of 24 models see the stock below the current price.

Novo Resources: 1 of 1 models see the stock below the current price.

Scenario ranges

From our cautious bear scenario to the optimistic bull scenario. The white tick is the current price (value above it), the green tick the fair value (value below it): if the price sits left of the fair value, there is room to rise.

Newmont
Price A$172
Fair Value A$149
Bear A$87.26Bull A$290
Novo Resources
Price C$0.08
Fair Value C$0.06
Bear C$0.05Bull C$0.09

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Newmont · Materials

Quality score71 · Top 25%
Fair value upside-13% · above median

Novo Resources · Materials

Quality score37 · bottom 25%
Fair value upside-19% · above median

Bottom line

As of Sep 22, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Newmont trades at A$172 versus a fair value of A$149 (-13%), while Novo Resources trades at C$0.08 versus C$0.06 (-19%).

Newmont has the higher quality score (71/100).

See the full analysis →

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.