Hecla Mining Company

WBAG:HLMI Stock Report

Market Cap: €3.3b

Hecla Mining Valuation

Is HLMI 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-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 HLMI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HLMI (€5.2) is trading below our estimate of fair value (€65.05)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HLMI. This is calculated by dividing HLMI's market cap by their current revenue.
What is HLMI's PS Ratio?
PS Ratio4.1x
SalesUS$840.96m
Market CapUS$3.45b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HLMI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.5x
VOE Voestalpine
0.2x0.4%€3.1b
WIE Wienerberger
0.7x6.5%€3.0b
AMAG AMAG Austria Metall
0.6x5.6%€839.3m
MMK Mayr-Melnhof Karton
0.4x3.5%€1.4b
HLMI Hecla Mining
4.1x9.0%€3.4b

Price-To-Sales vs Peers: HLMI is expensive based on its Price-To-Sales Ratio (4.1x) compared to the peer average (0.5x).

Price to Sales Ratio vs Industry

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

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
HLMI 4.1xIndustry Avg. 0.7xNo. of Companies35PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HLMI is expensive based on its Price-To-Sales Ratio (4.1x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is HLMI'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.

HLMI PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HLMI's Price-To-Sales 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 HLMI forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.20
€7.55
+45.2%
16.3%€10.98€6.30n/a10
Nov ’25€6.02
€7.38
+22.5%
14.9%€9.49€5.56n/a10
Oct ’25€5.91
€6.85
+15.9%
15.8%€9.17€5.37n/a10
Sep ’25n/a
€6.78
0%
16.6%€9.39€5.50n/a10
Aug ’25n/a
€6.87
0%
16.2%€9.42€5.51n/a10
Jul ’25n/a
€7.00
0%
17.0%€9.60€5.62n/a10
Jun ’25n/a
€6.81
0%
18.2%€9.49€5.56n/a10
May ’25n/a
€6.53
0%
21.7%€9.56€4.66n/a10
Apr ’25n/a
€5.24
0%
20.4%€7.60€3.46n/a10
Mar ’25n/a
€5.24
0%
20.4%€7.60€3.46n/a10
Feb ’25n/a
€5.63
0%
18.4%€8.08€3.92n/a10
Jan ’25n/a
€5.40
0%
20.7%€8.04€3.91n/a11
Dec ’24n/a
€5.45
0%
21.0%€8.17€3.97n/a11
Nov ’24n/a
€5.66
0%
21.2%€8.50€4.15€6.0211
Oct ’24n/a
€5.81
0%
21.1%€8.43€3.75€5.9111
Sep ’24n/a
€5.95
0%
21.4%€8.56€4.16n/a10
Aug ’24n/a
€6.44
0%
17.3%€9.04€4.97n/a10
Jul ’24n/a
€6.46
0%
12.3%€7.59€5.29n/a10
Jun ’24n/a
€6.58
0%
12.9%€7.72€5.38n/a9
May ’24n/a
€6.51
0%
12.4%€7.47€5.43n/a8
Apr ’24n/a
€5.94
0%
9.4%€7.02€5.15n/a8
Mar ’24n/a
€5.61
0%
10.4%€6.55€4.45n/a8
Feb ’24n/a
€5.72
0%
11.3%€6.60€4.55n/a8
Jan ’24n/a
€5.43
0%
13.9%€6.55€4.45n/a9
Dec ’23n/a
€5.64
0%
15.5%€6.87€4.17n/a9
Nov ’23n/a
€5.80
0%
15.6%€7.02€4.26n/a9

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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