Dreadnought Resources Limited

ASX:DRE Stock Report

Market Cap: AU$45.2m

Dreadnought Resources Valuation

Is DRE 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-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As DRE is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for DRE. This is calculated by dividing DRE's market cap by their current book value.
What is DRE's PB Ratio?
PB Ratio0.9x
BookAU$52.04m
Market CapAU$45.21m

Price to Book Ratio vs Peers

How does DRE's PB Ratio compare to its peers?

The above table shows the PB ratio for DRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.3x
AGY Argosy Minerals
2.2xn/aAU$45.1m
AMN Agrimin
0.6xn/aAU$46.3m
LEL Lithium Energy
1.4xn/aAU$41.4m
RVT Richmond Vanadium Technology
1.1xn/aAU$46.6m
DRE Dreadnought Resources
0.9x42.1%AU$45.2m

Price-To-Book vs Peers: DRE is good value based on its Price-To-Book Ratio (0.9x) compared to the peer average (1.3x).

Price to Book Ratio vs Industry

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

16 CompaniesPrice / BookEstimated GrowthMarket Cap
JRV Jervois Global
0.1xn/aUS$18.50m
ADN Andromeda Metals
0.2x25.5%US$14.92m
CTO Citigold
0.1xn/aUS$7.47m
PUR Pursuit Minerals
0.1xn/aUS$4.30m
DRE 0.9xIndustry Avg. 1.1xNo. of Companies91PB00.81.62.43.24+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: DRE is good value based on its Price-To-Book Ratio (0.9x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is DRE's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DRE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate DRE's Price-To-Book 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 DRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.012
AU$0.035
+191.7%
42.9%AU$0.05AU$0.02n/a2
Dec ’25AU$0.015
AU$0.035
+141.4%
42.9%AU$0.05AU$0.02n/a2
Nov ’25AU$0.016
AU$0.035
+118.8%
42.9%AU$0.05AU$0.02n/a2
Oct ’25AU$0.017
AU$0.035
+105.9%
42.9%AU$0.05AU$0.02n/a2
Sep ’25AU$0.017
AU$0.10
+488.2%
50.0%AU$0.15AU$0.05n/a2
Aug ’25AU$0.02
AU$0.11
+450.0%
36.4%AU$0.15AU$0.07n/a2
Jul ’25AU$0.021
AU$0.11
+423.8%
36.4%AU$0.15AU$0.07n/a2
Feb ’25AU$0.019
AU$0.17
+821.1%
14.3%AU$0.20AU$0.15n/a2
Jan ’25AU$0.03
AU$0.17
+483.3%
14.3%AU$0.20AU$0.15AU$0.0122
Dec ’24AU$0.032
AU$0.17
+446.9%
14.3%AU$0.20AU$0.15AU$0.0152
Nov ’24AU$0.032
AU$0.17
+446.9%
14.3%AU$0.20AU$0.15AU$0.0162
Oct ’24AU$0.047
AU$0.17
+272.3%
14.3%AU$0.20AU$0.15AU$0.0172
Sep ’24AU$0.057
AU$0.17
+207.0%
14.3%AU$0.20AU$0.15AU$0.0172
Aug ’24AU$0.053
AU$0.20
+267.9%
23.1%AU$0.24AU$0.15AU$0.022
Jul ’24AU$0.052
AU$0.20
+294.2%
17.1%AU$0.24AU$0.17AU$0.0212
Jun ’24AU$0.048
AU$0.20
+327.1%
17.1%AU$0.24AU$0.17AU$0.0172
May ’24AU$0.061
AU$0.21
+252.5%
11.6%AU$0.24AU$0.19AU$0.0172
Apr ’24AU$0.064
AU$0.21
+235.9%
11.6%AU$0.24AU$0.19AU$0.0172
Mar ’24AU$0.085
AU$0.21
+152.9%
11.6%AU$0.24AU$0.19AU$0.0182
Feb ’24AU$0.10
AU$0.21
+104.8%
11.6%AU$0.24AU$0.19AU$0.0192
Jan ’24AU$0.10
AU$0.22
+109.5%
9.1%AU$0.24AU$0.20AU$0.032

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 Analysis2025/01/03 01:17
End of Day Share Price 2025/01/03 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

Dreadnought Resources Limited is covered by 1 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
Regan BurrowsBell Potter