Hartshead Resources NL

ASX:HHR Stock Report

Market Cap: AU$15.5m

Hartshead Resources Valuation

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

Below Fair Value: Insufficient data to calculate HHR's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate HHR's fair value for valuation analysis.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HHR. This is calculated by dividing HHR's market cap by their current revenue.
What is HHR's PS Ratio?
PS Ratio3.3x
SalesAU$4.68m
Market CapAU$15.48m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HHR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.2x
TMK TMK Energy
12xn/aAU$15.2m
PH2 Pure Hydrogen
30.3x73.9%AU$41.2m
MEL Metgasco
2.5xn/aAU$5.8m
PGY Pilot Energy
4.1xn/aAU$8.2m
HHR Hartshead Resources
3.3xn/aAU$15.5m

Price-To-Sales vs Peers: HHR is good value based on its Price-To-Sales Ratio (3.3x) compared to the peer average (12.2x).

Price to Sales Ratio vs Industry

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

38 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.4.4x6.3%
HHR Hartshead Resources
 3.3xn/aUS$9.68m
WDS Woodside Energy Group
2.2x1.8%US$27.97b
STO Santos
2.3x6.9%US$12.97b
HHR 3.3xIndustry Avg. 4.4xNo. of Companies38PS020406080100+
38 CompaniesEstimated GrowthMarket Cap
Industry Avg.4.4x8.0%
HHR Hartshead Resources
 3.3xn/aUS$9.68m
No more companies

Price-To-Sales vs Industry: HHR is good value based on its Price-To-Sales Ratio (3.3x) compared to the Australian Oil and Gas industry average (4.4x).

Price to Sales Ratio vs Fair Ratio

What is HHR'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.

HHR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.3x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate HHR'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 HHR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.0055
AU$0.06
+989.7%
48.7%AU$0.089AU$0.031n/a2
Dec ’25AU$0.0065
AU$0.06
+822.1%
48.7%AU$0.089AU$0.031n/a2
Jul ’25AU$0.006
AU$0.075
+1,153.3%
59.6%AU$0.12AU$0.03n/a2
Jun ’25AU$0.009
AU$0.075
+735.5%
59.6%AU$0.12AU$0.03n/a2
May ’25AU$0.007
AU$0.075
+974.2%
59.6%AU$0.12AU$0.03n/a2
Apr ’25AU$0.006
AU$0.075
+1,153.3%
59.6%AU$0.12AU$0.03n/a2
Mar ’25AU$0.011
AU$0.11
+857.2%
14.5%AU$0.12AU$0.09n/a2
Feb ’25AU$0.022
AU$0.11
+378.6%
14.5%AU$0.12AU$0.09n/a2
Jan ’25AU$0.024
AU$0.11
+338.7%
14.5%AU$0.12AU$0.09n/a2
Dec ’24AU$0.024
AU$0.096
+299.4%
26.2%AU$0.12AU$0.071AU$0.00652
Nov ’24AU$0.026
AU$0.096
+268.7%
26.2%AU$0.12AU$0.071AU$0.0072
Aug ’24AU$0.026
AU$0.12
+353.3%
42.5%AU$0.17AU$0.068AU$0.0072
Jul ’24AU$0.026
AU$0.12
+353.3%
42.5%AU$0.17AU$0.068AU$0.0062
Jun ’24AU$0.024
AU$0.16
+583.4%
43.9%AU$0.25AU$0.071AU$0.0093
May ’24AU$0.035
AU$0.20
+482.5%
16.8%AU$0.24AU$0.17AU$0.0072
Apr ’24AU$0.05
AU$0.21
+320.6%
14.3%AU$0.24AU$0.18AU$0.0062
Mar ’24AU$0.034
AU$0.21
+505.7%
12.3%AU$0.23AU$0.18AU$0.0112
Feb ’24AU$0.033
AU$0.20
+516.0%
11.5%AU$0.23AU$0.18AU$0.0222
Jan ’24AU$0.038
AU$0.21
+452.3%
14.7%AU$0.24AU$0.18AU$0.0242
Dec ’23AU$0.034
AU$0.21
+517.3%
14.7%AU$0.24AU$0.18AU$0.0242

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 07:14
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

Hartshead Resources NL is covered by 2 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
James McCormackCavendish