Fitzroy River Valuation

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

FZR (A$0.12) is trading above our estimate of [[fair value]] (A$0.06)

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

Valuation Score

0/6

Valuation Score 0/6

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

Below Fair Value: FZR (A$0.12) is trading above our estimate of fair value (A$0.06)

Significantly Below Fair Value: FZR is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for FZR. This is calculated by dividing FZR's market cap by their current revenue.
What is FZR's PS Ratio?
PS Ratio	17.9x
Sales	AU$725.47k
Market Cap	AU$12.95m

FZR key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	14.6x
Enterprise Value/EBITDA	29.2x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for FZR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	5.7x
ATS Australis Oil & Gas	0.4x	n/a	AU$11.6m
AXP AXP Energy	8.8x	n/a	AU$8.7m
LIO Lion Energy	9.3x	n/a	AU$9.2m
BUY Bounty Oil & Gas	4.1x	n/a	AU$6.7m
FZR Fitzroy River	17.9x	n/a	AU$13.0m

Price-To-Sales vs Peers: FZR is expensive based on its Price-To-Sales Ratio (17.9x) compared to the peer average (5.7x).

Price to Sales Ratio vs Industry

How does FZR's PS Ratio compare vs other companies in the AU Oil and Gas Industry?

36 Companies	Price / Sales	Estimated Growth	Market Cap
WDS Woodside Energy Group	2.5x	1.5%	US$30.91b
STO Santos	2.6x	8.2%	US$14.57b
YAL Yancoal Australia	1.3x	0.4%	US$5.70b
ALD Ampol	0.2x	-1.6%	US$4.49b

36 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: FZR is expensive based on its Price-To-Sales Ratio (17.9x) compared to the Australian Oil and Gas industry average (5.2x).

Price to Sales Ratio vs Fair Ratio

What is FZR'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.

FZR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	17.9x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate FZR'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?

Analyst Forecast: Insufficient data to show price forecast.

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