De Grey Mining Limited

ASX:DEG Stock Report

Market Cap: AU$3.6b

De Grey Mining Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: DEG (A$1.49) is trading below our estimate of fair value (A$7.13)

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

Key Valuation Metric

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

Key metric: As DEG barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for DEG. This is calculated by dividing DEG's market cap by their current book value.
What is DEG's PB Ratio?
PB Ratio2.8x
BookAU$1.28b
Market CapAU$3.57b

Price to Book Ratio vs Peers

How does DEG's PB Ratio compare to its peers?

The above table shows the PB ratio for DEG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.9x
WGX Westgold Resources
2.5x35.2%AU$2.7b
PRU Perseus Mining
1.5x-8.3%AU$3.7b
RMS Ramelius Resources
1.8x-2.9%AU$2.4b
WAF West African Resources
1.8x28.7%AU$1.7b
DEG De Grey Mining
2.8x67.1%AU$3.6b

Price-To-Book vs Peers: DEG is expensive based on its Price-To-Book Ratio (2.8x) compared to the peer average (1.9x).

Price to Book Ratio vs Industry

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

16 CompaniesPrice / BookEstimated GrowthMarket Cap
HAS Hastings Technology Metals
0.2x12.6%US$32.32m
JRV Jervois Global
0.1xn/aUS$19.32m
ADN Andromeda Metals
0.2x25.5%US$15.59m
CTO Citigold
0.1xn/aUS$7.80m
DEG 2.8xIndustry Avg. 1.1xNo. of Companies92PB00.81.62.43.24+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: DEG is expensive based on its Price-To-Book Ratio (2.8x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

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

DEG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate DEG's Price-To-Book Fair Ratio for valuation analysis.

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 DEG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.49
AU$1.99
+33.9%
19.1%AU$2.90AU$1.60n/a9
Nov ’25AU$1.48
AU$1.95
+31.9%
19.3%AU$2.90AU$1.60n/a9
Oct ’25AU$1.33
AU$1.81
+35.9%
16.1%AU$2.45AU$1.40n/a9
Sep ’25AU$1.22
AU$1.74
+42.7%
16.3%AU$2.45AU$1.40n/a9
Aug ’25AU$1.23
AU$1.74
+41.1%
16.8%AU$2.45AU$1.35n/a9
Jul ’25AU$1.17
AU$1.79
+52.9%
15.1%AU$2.35AU$1.43n/a9
Jun ’25AU$1.14
AU$1.64
+44.7%
7.7%AU$1.80AU$1.43n/a8
May ’25AU$1.25
AU$1.79
+43.6%
19.3%AU$2.70AU$1.45n/a9
Apr ’25AU$1.27
AU$1.71
+34.8%
15.6%AU$2.35AU$1.40n/a9
Mar ’25AU$1.26
AU$1.72
+36.2%
15.6%AU$2.35AU$1.40n/a9
Feb ’25AU$1.20
AU$1.72
+43.1%
15.6%AU$2.35AU$1.40n/a9
Jan ’25AU$1.26
AU$1.71
+35.9%
11.7%AU$2.10AU$1.40n/a9
Dec ’24AU$1.39
AU$1.69
+22.3%
12.2%AU$2.10AU$1.40n/a9
Nov ’24AU$1.17
AU$1.63
+38.9%
9.0%AU$1.80AU$1.40AU$1.488
Oct ’24AU$1.12
AU$1.79
+60.7%
15.3%AU$2.45AU$1.35AU$1.339
Sep ’24AU$1.39
AU$1.84
+33.0%
15.1%AU$2.45AU$1.35AU$1.229
Aug ’24AU$1.38
AU$1.85
+33.9%
16.0%AU$2.45AU$1.35AU$1.238
Jul ’24AU$1.35
AU$2.02
+49.9%
12.7%AU$2.50AU$1.75AU$1.175
Jun ’24AU$1.41
AU$2.05
+45.9%
13.1%AU$2.50AU$1.80AU$1.144
May ’24AU$1.62
AU$2.03
+25.5%
16.2%AU$2.60AU$1.80AU$1.254
Apr ’24AU$1.55
AU$1.87
+20.6%
12.4%AU$2.20AU$1.55AU$1.274
Mar ’24AU$1.45
AU$1.87
+29.0%
12.4%AU$2.20AU$1.55AU$1.264
Feb ’24AU$1.47
AU$1.87
+27.6%
12.4%AU$2.20AU$1.55AU$1.204
Jan ’24AU$1.29
AU$1.75
+35.8%
12.7%AU$2.05AU$1.45AU$1.264
Dec ’23AU$1.30
AU$1.75
+34.2%
12.7%AU$2.05AU$1.45AU$1.394
Nov ’23AU$1.10
AU$1.70
+54.8%
17.3%AU$2.05AU$1.25AU$1.174

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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