Euro Manganese Inc.

ASX:EMN Stock Report

Market Cap: AU$19.9m

Euro Manganese Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for EMN. This is calculated by dividing EMN's market cap by their current revenue.
What is EMN's PS Ratio?
PS Ratio7.2x
SalesCA$2.51m
Market CapCA$18.12m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for EMN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average14.8x
AUQ Alara Resources
4xn/aAU$22.3m
G6M Group 6 Metals
6.4xn/aAU$25.1m
TME Tungsten Metals Group
11xn/aAU$35.9m
LGM Legacy Minerals Holdings
37.7xn/aAU$19.5m
EMN Euro Manganese
7.2x-102.5%AU$18.1m

Price-To-Sales vs Peers: EMN is good value based on its Price-To-Sales Ratio (7.2x) compared to the peer average (14.8x).

Price to Sales Ratio vs Industry

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

122 CompaniesPrice / SalesEstimated GrowthMarket Cap
BHP BHP Group
2.4x-4.1%US$132.38b
FMG Fortescue
2x-5.6%US$36.60b
NCM Newcrest Mining
3x5.2%US$13.37b
NST Northern Star Resources
4.2x8.5%US$13.36b
EMN 7.2xIndustry Avg. 61.1xNo. of Companies122PS020406080100+
122 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: EMN is good value based on its Price-To-Sales Ratio (7.2x) compared to the Australian Metals and Mining industry average (61.1x).

Price to Sales Ratio vs Fair Ratio

What is EMN'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.

EMN PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio7.2x
Fair PS Ratio0.004x

Price-To-Sales vs Fair Ratio: EMN is expensive based on its Price-To-Sales Ratio (7.2x) compared to the estimated Fair Price-To-Sales Ratio (0x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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