Vault Minerals Limited

ASX:VAU Stock Report

Market Cap: AU$2.2b

Vault Minerals Valuation

Is VAU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of VAU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: VAU (A$0.32) is trading below our estimate of fair value (A$0.66)

Significantly Below Fair Value: VAU is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for VAU?

Key metric: As VAU is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VAU. This is calculated by dividing VAU's market cap by their current revenue.
What is VAU's PS Ratio?
PS Ratio3.5x
SalesAU$620.00m
Market CapAU$2.18b

Price to Sales Ratio vs Peers

How does VAU's PS Ratio compare to its peers?

The above table shows the PS ratio for VAU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.2x
EMR Emerald Resources
6x29.0%AU$2.2b
CMM Capricorn Metals
7.3x27.0%AU$2.6b
GOR Gold Road Resources
4.8x12.2%AU$2.2b
RMS Ramelius Resources
2.8x-8.6%AU$2.5b
VAU Vault Minerals
3.5x12.7%AU$2.2b

Price-To-Sales vs Peers: VAU is good value based on its Price-To-Sales Ratio (3.5x) compared to the peer average (5.2x).

Price to Sales Ratio vs Industry

How does VAU's PS Ratio compare vs other companies in the AU Metals and Mining Industry?

126 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.54.6x3.2%
VAU Vault Minerals
 3.5x12.7%US$1.36b
BHP BHP Group
2.2x-3.1%US$125.04b
FMG Fortescue
1.9x-5.5%US$34.86b
VAU 3.5xIndustry Avg. 54.6xNo. of Companies126PS020406080100+
126 CompaniesEstimated GrowthMarket Cap
Industry Avg.54.6x10.7%
VAU Vault Minerals
 3.5x25.4%US$1.36b
No more companies

Price-To-Sales vs Industry: VAU is good value based on its Price-To-Sales Ratio (3.5x) compared to the Australian Metals and Mining industry average (54.6x).

Price to Sales Ratio vs Fair Ratio

What is VAU's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

VAU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.5x
Fair PS Ratio1.1x

Price-To-Sales vs Fair Ratio: VAU is expensive based on its Price-To-Sales Ratio (3.5x) compared to the estimated Fair Price-To-Sales Ratio (1.1x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst VAU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.32
AU$0.47
+48.2%
18.1%AU$0.57AU$0.30n/a7
Dec ’25AU$0.35
AU$0.46
+30.4%
17.9%AU$0.54AU$0.30n/a7
Nov ’25AU$0.39
AU$0.46
+18.6%
17.9%AU$0.54AU$0.30n/a7
Oct ’25AU$0.34
AU$0.43
+29.5%
16.9%AU$0.54AU$0.30n/a7
Sep ’25AU$0.34
AU$0.42
+23.0%
16.9%AU$0.50AU$0.30n/a6
Aug ’25AU$0.37
AU$0.47
+27.0%
20.6%AU$0.58AU$0.30n/a6
Jul ’25AU$0.37
AU$0.49
+31.4%
19.9%AU$0.55AU$0.30n/a5
Jun ’25AU$0.45
AU$0.43
-3.3%
18.2%AU$0.50AU$0.30n/a4
May ’25AU$0.41
AU$0.43
+4.8%
18.2%AU$0.50AU$0.30n/a4
Apr ’25AU$0.38
AU$0.37
-2.6%
11.1%AU$0.40AU$0.30n/a4
Mar ’25AU$0.32
AU$0.35
+10.9%
10.8%AU$0.40AU$0.30n/a4
Feb ’25AU$0.33
AU$0.35
+7.6%
10.3%AU$0.40AU$0.30n/a4
Jan ’25AU$0.31
AU$0.34
+8.1%
8.0%AU$0.37AU$0.30n/a4
Dec ’24AU$0.36
AU$0.34
-6.9%
8.0%AU$0.37AU$0.30AU$0.354
Nov ’24AU$0.31
AU$0.33
+6.5%
8.9%AU$0.37AU$0.30AU$0.393
Oct ’24AU$0.27
AU$0.31
+18.2%
24.1%AU$0.42AU$0.26AU$0.343
Sep ’24AU$0.24
AU$0.31
+30.6%
24.1%AU$0.42AU$0.26AU$0.343
Aug ’24AU$0.18
AU$0.29
+58.6%
30.5%AU$0.42AU$0.23AU$0.373
Jul ’24AU$0.19
AU$0.28
+49.1%
38.9%AU$0.42AU$0.15AU$0.373
Jun ’24AU$0.15
AU$0.28
+88.9%
38.9%AU$0.42AU$0.15AU$0.453
May ’24AU$0.16
AU$0.28
+77.1%
38.9%AU$0.42AU$0.15AU$0.413
Apr ’24AU$0.15
AU$0.28
+86.7%
39.4%AU$0.42AU$0.15AU$0.383
Mar ’24AU$0.13
AU$0.28
+115.4%
39.4%AU$0.42AU$0.15AU$0.323
Feb ’24AU$0.20
AU$0.35
+76.7%
17.6%AU$0.42AU$0.27AU$0.333
Jan ’24AU$0.20
AU$0.36
+74.0%
12.6%AU$0.42AU$0.32AU$0.313
Dec ’23AU$0.18
AU$0.38
+108.3%
12.0%AU$0.42AU$0.33AU$0.362

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/20 18:17
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Vault Minerals Limited is covered by 10 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Tim McCormackCanaccord Genuity
Reg SpencerCanaccord Genuity (Australia)
Jon BishopJarden Limited