Cobalt Blue Holdings Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for COB. This is calculated by dividing COB's market cap by their current revenue.
What is COB's PS Ratio?
PS Ratio	21.1x
Sales	AU$1.40m
Market Cap	AU$28.73m

COB 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	16.5x
Enterprise Value/EBITDA	-5.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for COB 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	21.2x
EMC Everest Metals	29.1x	n/a	AU$20.4m
CBE Cobre	30.1x	n/a	AU$22.1m
GT1 Green Technology Metals	24.7x	89.8%	AU$24.5m
CXM Centrex	0.7x	n/a	AU$21.2m
COB Cobalt Blue Holdings	21.1x	n/a	AU$28.7m

Price-To-Sales vs Peers: COB is good value based on its Price-To-Sales Ratio (21.1x) compared to the peer average (21.2x).

Price to Sales Ratio vs Industry

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

120 Companies	Price / Sales	Estimated Growth	Market Cap
BHP BHP Group	2.3x	-3.2%	US$132.56b
FMG Fortescue	2x	-5.6%	US$36.75b
NCM Newcrest Mining	3x	5.2%	US$13.37b
NST Northern Star Resources	4x	8.5%	US$13.15b

120 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: COB is good value based on its Price-To-Sales Ratio (21.1x) compared to the Australian Metals and Mining industry average (58.6x).

Price to Sales Ratio vs Fair Ratio

What is COB'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.

COB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	21.1x
Fair PS Ratio	n/a

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