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Deep Yellow Ltd (DYL) Fair Value & Analysis

Energy · AU · Market cap A$1.7B (≈ $1.2B) · ISIN AU000000DYL4

What is Deep Yellow Ltd really worth?

DY Deep Yellow Ltd DYL · AU
PriceA$1.66
Fair ValueA$0.2550
Upside−84.6%
Quality34/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

Below-average quality, and trading another 551% above our fair value of A$0.2550.

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Strengths

Ranks above peers (5/8)

Risks

!Mixed Growth (revenue 5y +172.5 %/yr)
!Thin margins · 0.0% net margin
!negative free cash flow
!Narrow moat 20/100
!Evidence only low, so the estimate is less certain
!Weak on past: 1 out of 100
Evidence: Low Range A$0.1615 – A$0.2550

Fair value as of: Aug 28, 2026

From 11 valuation models · updated 8 days ago

Share price +17.7% over the past month.

What runs behind every stock

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

What matters now

  • The price sits above even our optimistic bull case (A$0.2550). The favourable scenario is already priced in.
  • Weak quality (34/100) 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.

Price vs Fair Value (5 years)

A$2.91 A$0.4850 Fair Value A$0.2550 Jun 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 28, 2026.

How to read this chart

60‑month range A$0.4850 – A$2.91 · fair‑value band A$0.1615 – A$0.2550 · the A$1.66 price screens above the A$0.2550 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 28, 2026.

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Analysis

Deep Yellow Ltd (DYL) currently trades at A$1.66, while our model-based Fair Value estimate is A$0.2550, implying the stock looks roughly 551.0% overvalued today. The Quality Score stands at 34/100 (below-average quality), in the Energy sector. Bull case: the Asset-Based group reads highest at a median of A$0.4400 per share, and 0 of the 11 models we run sit above the A$1.66 price. Bear case: the Multiples group reads lowest at A$0.1000, and 11 of the 11 models stay below the price. Evidence for this calculation is low.

Revenue declined 68.1% year over year. It earns a return on equity of 0.3%. The balance sheet holds a net cash position of A$214M. Fundamentals as of Aug 28, 2026

Our scenario range runs from A$0.1615 (bear case) to A$0.2550 (bull case); at A$1.66, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 44% below its 52-week high and 30% above its 52-week low, currently below its 200-day average. For context, the median of 10 Energy peers we cover trades at −65% fair-value upside, at −85%, DYL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (A$0.0100 to A$0.4400). Read the values as a conservative anchor, not as a price target.
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
Highest evidence
Residual Income best evidence A$0.4200 A$0.3900 A$0.2700 74
Gordon GGM A$0.1800 A$0.3300 A$0.4500 66
DDM Multi-Stage A$0.1800 A$0.3000 A$0.3500 65
All 11 models by family
Earnings-Based
Graham-Dodd A$0.0500 A$0.3500 A$0.4900 61
Lynch FV A$0.1800 A$0.2600 A$0.3300 59
PEG = 1.0 A$0.1800 A$0.2600 A$0.3300 55
Dividend Discount
Gordon GGM A$0.1800 A$0.3300 A$0.4500 66
DDM Multi-Stage A$0.1800 A$0.3000 A$0.3500 65
Multiples
P/E Multiple A$0.0800 A$0.1000 A$0.1300 63
P/S Multiple A$0.0100 A$0.0100 A$0.0200 55
P/B Multiple A$0.0900 A$0.1200 A$0.1600 55
Asset-Based
NCAV (Graham) A$0.3200 A$0.4400 A$0.6500 51
Economic Profit
Residual Income best evidence A$0.4200 A$0.3900 A$0.2700 74
Growth Earnings
Growth-Adj P/E A$0.2100 A$0.3000 A$0.3900 65

Widest divergence: Asset-Based (A$0.4400) versus Multiples (A$0.1000). Highest evidence: Residual Income (74).

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Key figures & financial health

Dividend yield 1.5%
Net margin 61.8% FY2025
Return on equity 0.3% TTM
Return on assets (EBIT) −3.7% avg 5y
Operating margin −293% TTM
Revenue (TTM) −A$2.3M TTM
More key figures
Growth
Revenue growth (YoY) −68.1% 3y avg +508%
Balance sheet & cash flow
Free cash flow −A$45.2M FY2025
Net cash A$214M FY2025

Figures from reported company fundamentals · as of Aug 28, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 34/100

Of which business quality 41 · Market factors (momentum, volatility) 30

Profitability 29
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 43
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Deep Yellow Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and evaluation of uranium properties in Australia and Namibia. It operates through Tumas Project, Mulga Rock Project, Exploration, and Other Activities segments. The company also explores for iron deposits.

Full company description

Deep Yellow Limited, together with its subsidiaries, engages in the acquisition, exploration, development, and evaluation of uranium properties in Australia and Namibia. It operates through Tumas Project, Mulga Rock Project, Exploration, and Other Activities segments. The company also explores for iron deposits. Its flagship property is the 95% owned Tumas Project, which covers an area of approximately 125 kilometers located in Namibia. In addition, the company is involved in property investment; and trustee of share trust activities. Deep Yellow Limited was incorporated in 1985 and is headquartered in Subiaco, Australia.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Deep Yellow Ltd reported revenue of A$11.6M in FY2025 versus A$56.1K in FY2021, a compound +279.1%/yr. Reported net income was A$7.2M in FY2025.

Growth Quality 44/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
A$11.6M
Latest YoY
+72,572.8%
Avg. revenue growth/yr (3Y) 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.
+508.0%
Avg. revenue growth/yr (5Y) 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.
+172.5%
Avg. revenue growth/yr (36Y) 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.
−1.1%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
−7.7% (−9.2 + 1.5)
Revenue +279.1%/yr
FY21 A$56.1K
FY22 A$51.6K
FY23 A$38.5K
FY24 A$15.9K
FY25 A$11.6M
Net income
FY21 −A$4.8M
FY22 −A$6.8M
FY23 −A$10.1M
FY24 −A$10.6M
FY25 A$7.2M

DYL screens 551% overvalued. Compare with National Atomic Company →

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Cite: Fair Value Calculator (2026). "Deep Yellow Ltd Fair Value". https://www.fairvalue-calculator.com/stock/DYL

Peer Group

Uranium · 26 stocks

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.

Quality Score 34 · Below median
Fair Value upside −85% · Bottom 25%
Return on equity (TTM) 0% · Above median
Return on assets −1% · Above median
Net margin (TTM) 0% · Above median
Revenue growth −68% · Bottom 25%
Dividend yield (TTM) 1.5% · Above median

Valuation Multiples vs Uranium median · lower = cheaper

P/B 1.94× · Cheaper than median

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 0
FUTURE0 · sector 0
PAST1 · sector 0
HEALTH0 · sector 97
DIVIDEND30 · sector 11

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Oil & gas

Similar stocks

10 more Uranium stocks, each showing price versus our Fair Value estimate (as of Aug 28, 2026).

Stock Price Fair Value vs Fair Value
National Atomic Company KAP $74.50 $65.89 −12%
China National Uranium Co 001280 ¥63.29 ¥16.71 −74%
NexGen Energy Ltd NXE $9.93 $1.03 −90%
Sprott Physical Uranium Trust Fund UU $18.61 $29.76 +60%
Centrus Energy Corp LEU $170.46 $58.25 −66%
CGN Mining Company 1164 HK$2.87 HK$1.01 −65%
IsoEnergy Ltd ISO C$15.59 C$1.59 −90%
Bannerman Energy Ltd BMN A$3.63 A$3.63 +0%
Uranium Royalty Corp UROY $4.44 $1.62 −64%
Boss Energy Limited BOE A$1.53 A$0.3600 −76%

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Frequently asked questions

Is Deep Yellow Ltd (DYL) overvalued or undervalued?
As of Aug 28, 2026, our model estimates a fair value of A$0.2550 versus a price of A$1.66, about −85% upside (overvalued).
What is the fair value of DYL?
Our model-based fair value for Deep Yellow Ltd is A$0.2550 (as of Aug 28, 2026), built from audited fundamentals. The current price: A$1.66.
What is the quality score of DYL?
Deep Yellow 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 net profit margin of DYL?
The net profit margin of Deep Yellow Ltd is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
Does Deep Yellow Ltd pay a dividend?
Deep Yellow Ltd currently shows a dividend yield of about 1.48% relative to its recent price (as of Aug 28, 2026).
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