Endeavour Mining plc

TSX:EDV Stock Report

Market Cap: CA$6.7b

Endeavour Mining Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 EDV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EDV (CA$27.63) is trading below our estimate of fair value (CA$72.07)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for EDV. This is calculated by dividing EDV's market cap by their current revenue.
What is EDV's PS Ratio?
PS Ratio2.1x
SalesUS$2.31b
Market CapUS$4.83b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EDV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average7.6x
BTO B2Gold
1.9x13.4%CA$5.2b
YRI Yamana Gold
3.1x4.0%CA$7.6b
OR Osisko Gold Royalties
20.3x21.7%CA$5.0b
LUG Lundin Gold
5.2x7.0%CA$7.6b
EDV Endeavour Mining
2.1x12.3%CA$6.7b

Price-To-Sales vs Peers: EDV is good value based on its Price-To-Sales Ratio (2.1x) compared to the peer average (9.2x).

Price to Sales Ratio vs Industry

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

85 CompaniesPrice / SalesEstimated GrowthMarket Cap
LUN Lundin Mining
1.9x4.4%US$7.94b
BTO B2Gold
1.9x13.4%US$3.72b
HBM Hudbay Minerals
1.7x4.9%US$3.56b
STLC Stelco Holdings
1.3x-0.1%US$2.66b
EDV 2.1xIndustry Avg. 3.0xNo. of Companies85PS0816243240+
85 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EDV is good value based on its Price-To-Sales Ratio (2.1x) compared to the Canadian Metals and Mining industry average (3x).

Price to Sales Ratio vs Fair Ratio

What is EDV'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.

EDV PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.1x
Fair PS Ratio4.3x

Price-To-Sales vs Fair Ratio: EDV is good value based on its Price-To-Sales Ratio (2.1x) compared to the estimated Fair Price-To-Sales Ratio (4.3x).

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 EDV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$27.63
CA$44.46
+60.9%
10.8%CA$56.00CA$36.60n/a11
Nov ’25CA$31.04
CA$43.69
+40.8%
13.2%CA$56.00CA$36.00n/a11
Oct ’25CA$32.42
CA$42.80
+32.0%
11.8%CA$53.00CA$37.10n/a11
Sep ’25CA$28.41
CA$41.11
+44.7%
14.3%CA$53.00CA$32.50n/a11
Aug ’25CA$29.32
CA$42.30
+44.3%
14.2%CA$53.00CA$32.50n/a11
Jul ’25CA$28.90
CA$40.13
+38.8%
13.9%CA$51.00CA$32.40n/a11
Jun ’25CA$29.59
CA$39.75
+34.4%
14.0%CA$51.00CA$31.30n/a11
May ’25CA$28.91
CA$38.81
+34.2%
12.0%CA$51.00CA$31.90n/a11
Apr ’25CA$28.49
CA$36.11
+26.7%
12.2%CA$45.00CA$29.00n/a11
Mar ’25CA$23.63
CA$35.55
+50.4%
12.5%CA$45.00CA$29.00n/a11
Feb ’25CA$23.90
CA$37.45
+56.7%
10.3%CA$45.00CA$31.00n/a10
Jan ’25CA$29.77
CA$40.28
+35.3%
8.5%CA$46.50CA$34.30n/a10
Dec ’24CA$32.03
CA$40.02
+24.9%
9.2%CA$46.50CA$32.70n/a10
Nov ’24CA$28.38
CA$40.05
+41.1%
9.8%CA$47.00CA$31.50CA$31.0411
Oct ’24CA$26.62
CA$42.29
+58.9%
11.7%CA$53.50CA$32.00CA$32.4212
Sep ’24CA$27.82
CA$41.88
+50.6%
11.7%CA$53.50CA$33.00CA$28.4113
Aug ’24CA$31.23
CA$42.35
+35.6%
11.2%CA$54.00CA$34.00CA$29.3213
Jul ’24CA$31.75
CA$44.92
+41.5%
12.3%CA$56.50CA$36.00CA$28.9013
Jun ’24CA$36.49
CA$45.34
+24.3%
12.3%CA$56.50CA$37.00CA$29.5914
May ’24CA$34.64
CA$44.73
+29.1%
11.2%CA$52.00CA$37.00CA$28.9114
Apr ’24CA$32.57
CA$42.45
+30.3%
10.0%CA$49.00CA$36.00CA$28.4914
Mar ’24CA$29.21
CA$42.52
+45.6%
11.0%CA$52.00CA$34.00CA$23.6314
Feb ’24CA$32.00
CA$41.41
+29.4%
10.6%CA$52.00CA$34.00CA$23.9014
Jan ’24CA$28.98
CA$38.77
+33.8%
11.8%CA$46.25CA$31.00CA$29.7714
Dec ’23CA$29.29
CA$38.77
+32.4%
11.8%CA$46.25CA$31.00CA$32.0314
Nov ’23CA$24.55
CA$38.61
+57.3%
12.5%CA$46.25CA$30.00CA$28.3814

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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