Bellevue Gold Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: BGL (A$2.02) is trading below our estimate of fair value (A$2.91)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

BGL 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/Revenue52.8x
Enterprise Value/EBITDA-277.3x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for BGL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average5.8x
GMD Genesis Minerals
8.5x26.9%AU$2.1b
EMR Emerald Resources
7.5x19.4%AU$2.6b
CMM Capricorn Metals
5.2x15.4%AU$1.9b
FFX Firefinch
2.2xn/aAU$236.2m
BGL Bellevue Gold
48.5x29.5%AU$2.4b

Price-To-Sales vs Peers: BGL is expensive based on its Price-To-Sales Ratio (48.5x) compared to the peer average (7.1x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.9%
n/an/an/a
No. of CompaniesPS048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a13.9%
n/an/an/a
No more companies

Price-To-Sales vs Industry: BGL is good value based on its Price-To-Sales Ratio (48.5x) compared to the Australian Metals and Mining industry average (88.5x).


Price to Sales Ratio vs Fair Ratio

What is BGL'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.

BGL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio48.5x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: BGL is expensive based on its Price-To-Sales Ratio (48.5x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).


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 BGL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$2.02
AU$2.12
+5.1%
10.1%AU$2.54AU$1.85n/a6
May ’25AU$1.73
AU$2.12
+22.6%
10.3%AU$2.54AU$1.85n/a6
Apr ’25AU$1.89
AU$1.92
+1.6%
17.1%AU$2.54AU$1.45n/a6
Mar ’25AU$1.55
AU$1.71
+10.7%
9.5%AU$1.90AU$1.45n/a5
Feb ’25AU$1.29
AU$1.71
+32.6%
9.5%AU$1.90AU$1.45n/a5
Jan ’25AU$1.68
AU$1.77
+5.7%
12.1%AU$2.10AU$1.50n/a5
Dec ’24AU$1.72
AU$1.73
+0.6%
9.2%AU$1.90AU$1.50n/a5
Nov ’24AU$1.38
AU$1.71
+23.9%
10.7%AU$1.90AU$1.45n/a5
Oct ’24AU$1.39
AU$1.71
+23.5%
11.8%AU$1.90AU$1.40n/a5
Sep ’24AU$1.65
AU$1.61
-2.1%
10.1%AU$1.80AU$1.40n/a5
Aug ’24AU$1.50
AU$1.61
+7.7%
10.1%AU$1.80AU$1.40n/a5
Jul ’24AU$1.27
AU$1.54
+21.3%
8.8%AU$1.70AU$1.40n/a5
Jun ’24AU$1.33
AU$1.55
+17.0%
9.6%AU$1.75AU$1.40n/a5
May ’24AU$1.38
AU$1.56
+13.2%
10.5%AU$1.75AU$1.40AU$1.734
Apr ’24AU$1.28
AU$1.46
+14.3%
11.2%AU$1.70AU$1.25AU$1.894
Mar ’24AU$1.11
AU$1.44
+29.5%
9.0%AU$1.60AU$1.25AU$1.554
Feb ’24AU$1.15
AU$1.44
+25.0%
9.0%AU$1.60AU$1.25AU$1.294
Jan ’24AU$1.13
AU$1.36
+20.6%
4.8%AU$1.40AU$1.25AU$1.684
Dec ’23AU$1.17
AU$1.24
+5.8%
8.7%AU$1.40AU$1.10AU$1.724
Nov ’23AU$0.76
AU$1.20
+57.9%
11.8%AU$1.40AU$1.00AU$1.384
Oct ’23AU$0.75
AU$1.21
+61.7%
13.2%AU$1.45AU$1.00AU$1.394
Sep ’23AU$0.79
AU$1.21
+54.5%
13.2%AU$1.45AU$1.00AU$1.654
Aug ’23AU$0.82
AU$1.21
+47.9%
13.2%AU$1.45AU$1.00AU$1.504
Jul ’23AU$0.64
AU$1.32
+105.7%
12.5%AU$1.55AU$1.20AU$1.273
Jun ’23AU$0.82
AU$1.40
+69.7%
10.1%AU$1.50AU$1.20AU$1.333

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.