Mineral Resources Ltd (MIN) Fair Value & Analysis
Basic Materials · AU · Market cap A$10.8B (≈ $7.8B) · ISIN AU000000MIN4
What is Mineral Resources Ltd really worth?
Below-average quality, trading 37% below our fair value of A$99.42.
Risks
Fair value as of: Aug 31, 2026
From 2 valuation models · updated 5 days ago
Fair value updated Aug 31, 2026, revised from A$49.97 to A$99.42 (+99.0%) since Aug 27, 2026. Share price +8.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The large discount to fair value meets weak quality (28/100). That raises the risk this is a value trap rather than a bargain.
- A fairly wide model range (A$61.16 to A$137.67) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 31, 2026.
How to read this chart
60‑month range A$14.40 – A$93.75 · fair‑value band A$61.16 – A$137.67 · the A$62.44 price screens below the A$99.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 31, 2026.
Analysis
Mineral Resources Ltd (MIN) currently trades at A$62.44, while our model-based Fair Value estimate is A$99.42, implying the stock looks roughly 37.2% undervalued today. The Quality Score stands at 28/100 (below-average quality), in the Basic Materials sector. How firm this estimate is: it rests on 6 models at a data quality of 89/100, which puts the evidence level at medium.
Over the trailing twelve months, Mineral Resources Ltd generated revenue of A$5.2B at a net margin of 7.6%. Revenue grew 33.3% year over year. It earns a return on equity of 12.1%. Net debt stands at A$5.4B. Fundamentals as of Aug 31, 2026
Our scenario range runs from A$61.16 (bear case) to A$137.67 (bull case); at A$62.44, the current price sits within 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 17% below its 52-week high and 215% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −37% fair-value upside, at 59%, MIN screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 12 months have passed since. In that time the company retained roughly A$2.02 per share, which is 2.0 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
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.
All 2 models by family
Widest divergence: Multiples (A$52.01) versus Asset-Based (A$10.89). Highest evidence: EV/EBITDA (66).
Notify me when MIN reaches fair value
Put MIN on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 31, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 25 · Market factors (momentum, volatility) 62
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
Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, Asia, and internationally. It operates through Mining Services, Iron Ore, Lithium, and Energy and Other segments.
Full company description
Mineral Resources Limited, together with subsidiaries, provides mining services in Australia, Asia, and internationally. It operates through Mining Services, Iron Ore, Lithium, and Energy and Other segments. The company offers pit-to-ship solutions comprising open pit mining, crushing and material handling, processing, haulage, port handling, and marine services; design and construction of mineral processing facilities; transport and logistics services comprising supply chain, road haulage, autonomous road train, and transshipping services; manufacturing of equipment and parts for the mining industry; site and rehabilitation services; and engineering and construction services. It also develops, mines, and exports iron ore from its flagship Onslow iron project located in Western Australia. In addition, the company develops and mines lithium from its mines located in Western Australia; and sells spodumene concentrate and lithium battery chemicals. Further, it engages in exploration and drilling services for the energy sector; manganese and garnet; gas production; and generation of power through natural gas and LNG, solar, wind, and geothermal. Mineral Resources Limited was founded in 1992 and is headquartered in Osborne Park, Australia.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Mineral Resources Ltd reported revenue of A$4.5B in FY2025 versus A$3.7B in FY2021, a compound +4.6%/yr. Reported net income was −A$904M in FY2025.
of which total revenue +13.6 % · buybacks/dilution −0.5 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
Watch MIN: get an alert when its fair value changes →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Mineral Resources Ltd (MALRF) (FY 2026) Earnings Call Highlights: Record Revenue and EBITDA, ...
- Is Mineral Resources (ASX:MIN) Pricing In Too Much After A 185% One Year Surge
Peer Group
Other Industrial Metals & Mining · 469 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.
Valuation Multiples vs Other Industrial Metals & Mining median · lower = cheaper
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.
Insider activity: 42/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 31, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| BHP Group BHP | A$66.84 | A$42.16 | −37% |
| Vale S.A VALE | $15.31 | $8.95 | −42% |
| Saudi Arabian Mining Company 1211 | 65.50 SAR | 33.87 SAR | −48% |
| CMOC Group 603993 | ¥18.42 | ¥16.15 | −12% |
| Teck Resources Limited TECK | $69.34 | $32.02 | −54% |
| Hindustan Zinc Limited HINDZINC | ₹573.00 | ₹508.34 | −11% |
| China Tungsten And Hightech Materials Co 000657 | ¥66.76 | ¥9.55 | −86% |
| China Northern Rare Earth (Group) High-Tech Co 600111 | ¥41.02 | ¥10.59 | −74% |
| Western Mining Co 601168 | ¥37.85 | ¥25.99 | −31% |
| Boliden AB BOL | kr 527.80 | kr 461.48 | −13% |
Compare Mineral Resources Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Mineral Resources Ltd (MIN) overvalued or undervalued?
What is the fair value of MIN?
What is the quality score of MIN?
What is the revenue of Mineral Resources Ltd (MIN)?
What is the net profit margin of MIN?
Does Mineral Resources Ltd pay a dividend?
Watch Mineral Resources Ltd in the live analysis
One click puts Mineral Resources Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.