Gold Road Resources Limited

ASX:GOR Stock Report

Market Cap: AU$1.8b

Gold Road Resources Valuation

Is GOR 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: GOR (A$1.63) is trading below our estimate of fair value (A$1.72)

Significantly Below Fair Value: GOR is trading below fair value, but not by a significant amount.


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

GOR 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/Revenue4x
Enterprise Value/EBITDA9x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for GOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
WAF West African Resources
10.5x19.9%AU$1.6b
RSG Resolute Mining
76.7x29.1%AU$1.4b
RMS Ramelius Resources
11.8x0.8%AU$2.5b
PRU Perseus Mining
7.6x-12.1%AU$3.6b
GOR Gold Road Resources
17.1x18.7%AU$1.8b

Price-To-Earnings vs Peers: GOR is good value based on its Price-To-Earnings Ratio (17.1x) compared to the peer average (26.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.6%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a9.6%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: GOR is expensive based on its Price-To-Earnings Ratio (17.1x) compared to the Australian Metals and Mining industry average (15.1x).


Price to Earnings Ratio vs Fair Ratio

What is GOR'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.

GOR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.1x
Fair PE Ratio17.5x

Price-To-Earnings vs Fair Ratio: GOR is good value based on its Price-To-Earnings Ratio (17.1x) compared to the estimated Fair Price-To-Earnings Ratio (17.5x).


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 GOR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.63
AU$1.95
+19.7%
10.7%AU$2.20AU$1.50n/a12
Aug ’25AU$1.72
AU$1.96
+13.9%
12.4%AU$2.35AU$1.50n/a12
Jul ’25AU$1.75
AU$1.97
+12.9%
12.7%AU$2.55AU$1.50n/a12
Jun ’25AU$1.65
AU$1.92
+16.8%
10.4%AU$2.20AU$1.50n/a12
May ’25AU$1.60
AU$1.88
+18.1%
15.0%AU$2.30AU$1.30n/a12
Apr ’25AU$1.58
AU$1.75
+10.5%
14.1%AU$2.15AU$1.30n/a12
Mar ’25AU$1.49
AU$1.74
+17.0%
14.3%AU$2.15AU$1.30n/a12
Feb ’25AU$1.47
AU$1.72
+17.1%
13.4%AU$2.00AU$1.30n/a12
Jan ’25AU$1.97
AU$1.98
+0.9%
9.1%AU$2.25AU$1.65n/a12
Dec ’24AU$1.92
AU$1.98
+3.1%
9.5%AU$2.25AU$1.60n/a12
Nov ’24AU$1.89
AU$1.97
+4.7%
10.0%AU$2.25AU$1.60n/a11
Oct ’24AU$1.62
AU$1.89
+16.4%
11.8%AU$2.20AU$1.50n/a11
Sep ’24AU$1.76
AU$1.89
+7.7%
11.8%AU$2.20AU$1.50AU$1.6310
Aug ’24AU$1.71
AU$1.89
+10.2%
12.1%AU$2.25AU$1.50AU$1.7210
Jul ’24AU$1.49
AU$1.86
+25.3%
13.8%AU$2.25AU$1.40AU$1.759
Jun ’24AU$1.83
AU$1.95
+6.6%
12.6%AU$2.35AU$1.50AU$1.659
May ’24AU$1.83
AU$1.95
+6.6%
12.6%AU$2.35AU$1.50AU$1.609
Apr ’24AU$1.70
AU$1.81
+6.3%
9.7%AU$2.05AU$1.50AU$1.588
Mar ’24AU$1.51
AU$1.79
+18.8%
11.0%AU$2.05AU$1.50AU$1.498
Feb ’24AU$1.60
AU$1.80
+12.5%
10.6%AU$2.05AU$1.50AU$1.478
Jan ’24AU$1.69
AU$1.78
+5.0%
6.9%AU$2.05AU$1.60AU$1.978
Dec ’23AU$1.80
AU$1.74
-3.2%
7.4%AU$1.95AU$1.50AU$1.928
Nov ’23AU$1.39
AU$1.68
+20.9%
7.6%AU$1.80AU$1.50AU$1.898
Oct ’23AU$1.28
AU$1.69
+31.8%
8.1%AU$1.85AU$1.50AU$1.628
Sep ’23AU$1.22
AU$1.71
+40.5%
5.8%AU$1.85AU$1.55AU$1.767

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


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