We’ve recently updated our valuation analysis.

Deterra Royalties Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

DRR 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/Revenue9.7x
Enterprise Value/EBITDA10x
PEG Ratio-1.2x

Price to Earnings Ratio vs Peers

How does DRR's PE Ratio compare to its peers?

The above table shows the PE ratio for DRR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average7x
SGM Sims
4.9x-26.1%AU$2.9b
CRN Coronado Global Resources
2.7x-34.7%AU$3.5b
CIA Champion Iron
15.5x12.3%AU$4.0b
GRR Grange Resources
4.9xn/aAU$1.2b
DRR Deterra Royalties
14.5x-12.3%AU$2.6b

Price-To-Earnings vs Peers: DRR is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the peer average (7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-4.0%
n/an/an/a

Price-To-Earnings vs Industry: DRR is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the Australian Metals and Mining industry average (11.9x)


Price to Earnings Ratio vs Fair Ratio

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

DRR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.5x
Fair PE Ratio10.5x

Price-To-Earnings vs Fair Ratio: DRR is expensive based on its Price-To-Earnings Ratio (14.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.5x).


Share Price vs Fair Value

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

Below Fair Value: DRR (A$4.91) is trading above our estimate of fair value (A$3.36)

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


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 DRR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$4.91
AU$4.78
-2.7%
11.0%AU$5.70AU$3.90n/a13
Jan ’24AU$4.58
AU$4.79
+4.5%
11.2%AU$5.70AU$3.80n/a13
Dec ’23AU$4.75
AU$4.69
-1.3%
11.5%AU$5.70AU$3.80n/a13
Nov ’23AU$4.15
AU$4.71
+13.6%
11.5%AU$5.70AU$3.80n/a13
Oct ’23AU$4.00
AU$4.74
+18.6%
11.2%AU$5.70AU$3.80n/a13
Sep ’23AU$4.07
AU$4.74
+16.6%
11.2%AU$5.70AU$3.80n/a13
Aug ’23AU$4.45
AU$4.63
+4.1%
11.1%AU$5.50AU$3.80n/a12
Jul ’23AU$4.27
AU$4.77
+11.7%
10.4%AU$5.50AU$3.80n/a12
Jun ’23AU$4.43
AU$4.85
+9.4%
10.2%AU$5.50AU$4.00n/a12
May ’23AU$4.86
AU$4.79
-1.5%
9.4%AU$5.50AU$4.00n/a12
Apr ’23AU$4.80
AU$4.63
-3.6%
10.7%AU$5.30AU$3.75n/a12
Mar ’23AU$4.48
AU$4.55
+1.5%
10.2%AU$5.20AU$3.75n/a12
Feb ’23AU$4.46
AU$4.45
-0.1%
10.5%AU$5.30AU$3.75n/a12
Jan ’23AU$4.30
AU$4.37
+1.6%
11.2%AU$5.20AU$3.35AU$4.5812
Dec ’22AU$4.14
AU$4.37
+5.6%
11.9%AU$5.20AU$3.35AU$4.7510
Nov ’22AU$3.96
AU$4.31
+8.7%
11.6%AU$5.20AU$3.60AU$4.158
Oct ’22AU$3.65
AU$4.52
+23.9%
15.4%AU$5.50AU$3.50AU$4.007
Sep ’22AU$4.27
AU$4.68
+9.6%
12.3%AU$5.50AU$3.60AU$4.077
Aug ’22AU$4.67
AU$4.80
+2.8%
12.2%AU$5.60AU$3.60AU$4.457
Jul ’22AU$4.43
AU$4.47
+0.9%
14.5%AU$5.50AU$3.30AU$4.277
Jun ’22AU$4.26
AU$4.28
+0.5%
12.0%AU$4.80AU$3.30AU$4.436
May ’22AU$4.37
AU$4.30
-1.6%
12.4%AU$4.90AU$3.30AU$4.866
Apr ’22AU$4.00
AU$4.23
+5.8%
14.5%AU$4.80AU$3.00AU$4.806
Mar ’22AU$4.48
AU$4.39
-1.9%
16.4%AU$5.30AU$3.00AU$4.487
Feb ’22AU$4.34
AU$4.39
+1.2%
17.1%AU$5.50AU$3.00AU$4.467
Jan ’22AU$4.80
AU$4.39
-8.5%
18.6%AU$5.50AU$2.65AU$4.307

Analyst Forecast: Target price is lower than the current share price.


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