Namib Minerals
Namib Minerals is a gold producer, developer, and explorer focused on mining operations in Zimbabwe and exploration interests in the Democratic Republic of Congo. The company’s current portfolio centers on the How Mine, its operating underground gold mine, alongside the Mazowe Mine and Redwing Mine, which are part of its broader asset base in Zimbabwe. Namib Minerals also holds exploration licenses for copper and cobalt in the DRC, positioning it within both precious metals and battery materials markets. The company’s business today combines mine operation, asset development, and mineral exploration, with an emphasis on African resource opportunities, operational oversight, and community engagement. Namib Minerals plays a role in supplying gold to the global minerals market while maintaining a diversified footprint across mining and exploration activities in sub-Saharan Africa.
$0.90
-$0.07 (-7.62%)
EOD Oct 21, 2026
14.90% operating margin is respectable but not wide. ROIC at 263.39%. Suggests the business covers its cost of capital, but doesn't point to a wide moat.
Revenue declined 3.8% YoY. Margins deteriorated 6.7pp alongside, both lines moving the wrong way.
Free cash flow declined 84% versus the prior year, cash generation momentum has weakened. ROIC dropped from 312.41% to 263.39%, capital efficiency is deteriorating.
0.5x earnings, 32.3x FCF. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$83M
▼ -3.8% YoY
Net Income (TTM)
$101M
▲ +2720.0% YoY
Op. Margin
14.90%
▼ -6.7pp YoY
ROIC
263.39%
▼ -49.0pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$1M
▼ -84.3% YoY
Op. Cash Flow (TTM)
$14M
▼ -27.9% YoY
Net Debt
$3M
Cash & Equiv.
$2M
3Y CAGR: +20.1%
3Y CAGR: -22.8%
Continue Research
Is Namib Minerals (NAMM) overvalued?
At a P/E of 0.5 and a price-to-free-cash-flow of 32.3, Namib Minerals (NAMM) trades above a two-stage DCF intrinsic value of about $0.42 per share, so at $0.90 the stock looks overvalued (53.4% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Namib Minerals scores 66/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is Namib Minerals's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about $0.42 per share for NAMM, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around $0.31. At today's $0.90, that puts the stock about 53.4% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is Namib Minerals a high-quality business?+
Namib Minerals scores 66 out of 100 on Intrinsiqq's quality score, a weighted blend of 8 metrics each scored 0 to 100, which makes it a solid business on these measures. Recent fundamentals include a 14.9% operating margin and a 263.4% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is Namib Minerals a good stock to buy right now?+
That depends on valuation and quality together, not either alone. NAMM currently trades above its estimated intrinsic value and scores 66/100 on quality (solid). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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