NASDAQ · NAMM

Namib Minerals

Basic Materials · Gold

$1.30▲ 2.36% ($0.03)at close

Pre-market$1.32▲ 1.51%4:50 AM ET

52-week

$0.91$7.42

Market cap

$70.83M

P/E

0.71

EPS (TTM)

$1.84

Next earnings

Sep 22, 2026

Valuation

Recommended · Earnings Power Value

Price used

$1.30

Zero-growth earnings power / share

$3.04

Zero-growth base case

This estimate is 133.59% above the price used.

USD · Financial years 2021–2025 · 5 years normalized

Operating earnings have been volatile; review the normalized earnings used.

Method, dates & sources

The value of normalized operating earnings assuming no future growth. Conservative and optimistic figures vary the discount rate.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: Financial years 2021–2025 · 5 years normalized
Data refreshed: Sep 18, 2026, 7:23 AM UTC · cache

Why this method?

The company is still too young and does not have a stable, multi-year FCFF base. Use EV/Revenue multiples and comparable transactions instead of a DCF.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Is there enough operating history to anchor a DCF? Only 1 years of public or statement history are available, so multiples are more decision-useful than a DCF here.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: -58.2%FCF (TTM): 211.87%

What changed

The stock fell 58.2% over the last year. Free cash flow grew 211.87% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 136.54%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Monthly returns

Company profile

Namib Minerals is a gold producer, developer and explorer with operations focused in Zimbabwe.

CEOTulani Sikwila

SectorBasic Materials

IndustryGold

Employees1,500

IPO dateJun 6, 2025

https://www.namibminerals.com

Market multiples

Forward P/E—

EV/EBITDA0.47

Enterprise value$55.5M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth-210.25%

Gross margin (FY2025)41.45%▼3.7ppvs FY2024

Operating margin (FY2025)14.9%▼2.2ppvs FY2024

ROEN/A

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 22, 2026

Q3 FY26 · EPS est — · Revenue est —

View

NASDAQ · NAMM

Namib Minerals

Basic Materials · Gold

$1.30▲ 2.36% ($0.03)at close

Pre-market$1.32▲ 1.51%4:50 AM ET

52-week

$0.91$7.42

Market cap

$70.83M

P/E

0.71

EPS (TTM)

$1.84

Next earnings

Sep 22, 2026

Valuation

Recommended · Earnings Power Value

Price used

$1.30

Zero-growth earnings power / share

$3.04

Zero-growth base case

This estimate is 133.59% above the price used.

USD · Financial years 2021–2025 · 5 years normalized

Operating earnings have been volatile; review the normalized earnings used.

Method, dates & sources

The value of normalized operating earnings assuming no future growth. Conservative and optimistic figures vary the discount rate.

Price timestamp: Sep 17, 2026, 8:00 PM UTC
Financial statement period: Financial years 2021–2025 · 5 years normalized
Data refreshed: Sep 18, 2026, 7:23 AM UTC · cache

Why this method?

The company is still too young and does not have a stable, multi-year FCFF base. Use EV/Revenue multiples and comparable transactions instead of a DCF.

Is FCFF positive and has it been for 3+ consecutive years? Only 1 consecutive positive FCFF years are available.

Is there enough operating history to anchor a DCF? Only 1 years of public or statement history are available, so multiples are more decision-useful than a DCF here.

Price vs Fundamentals

Why The Stock Is Moving

Likely multiple compressionModerate confidence

Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.

1Y Price: -58.2%FCF (TTM): 211.87%

What changed

The stock fell 58.2% over the last year. Free cash flow grew 211.87% over the trailing twelve months.

What the market seems to be pricing

Visible fundamentals weakened far less than the stock price. The market appears to be discounting durability, risk, or trust rather than just the latest reported numbers.

What would invalidate this read

This read changes if operating margin (currently 136.54%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.

Performance

Monthly returns

Company profile

Namib Minerals is a gold producer, developer and explorer with operations focused in Zimbabwe.

CEOTulani Sikwila

SectorBasic Materials

IndustryGold

Employees1,500

IPO dateJun 6, 2025

https://www.namibminerals.com

Market multiples

Forward P/E—

EV/EBITDA0.47

Enterprise value$55.5M

Stock splits

No stock splits recorded for this ticker.

Profitability & growth

Revenue growth-210.25%

Gross margin (FY2025)41.45%▼3.7ppvs FY2024

Operating margin (FY2025)14.9%▼2.2ppvs FY2024

ROEN/A

Analyst consensus

Rating—

Target price—

Analyst ratings tend to be lagging indicators. Use as one signal among many.

Earnings

Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.

Next report

Sep 22, 2026

Q3 FY26 · EPS est — · Revenue est —

View