Highfield Resources Valuation

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

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

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

Key Valuation Metric

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

Key metric: As HFR 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 HFR. This is calculated by dividing HFR's market cap by their current book value.
What is HFR's PB Ratio?
PB Ratio	1x
Book	AU$134.44m
Market Cap	AU$134.14m

HFR 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	n/a
Enterprise Value/EBITDA	-18.4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for HFR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	6.6x
DNK Danakali	2.4x	n/a	AU$151.0m
KLL Kalium Lakes	0.5x	129.9%	AU$50.8m
PWN Parkway	2.1x	n/a	AU$33.2m
TMG Trigg Minerals	21.5x	n/a	AU$21.2m
HFR Highfield Resources	1x	n/a	AU$134.1m

Price-To-Book vs Peers: HFR is good value based on its Price-To-Book Ratio (1x) compared to the peer average (11.8x).

Price to Book Ratio vs Industry

How does HFR's PB Ratio compare vs other companies in the AU Chemicals Industry?

1 Company	Price / Book	Estimated Growth	Market Cap
NRZ NeuRizer	0.09x	n/a	US$4.25m

No more companies available in this PB range

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: HFR is good value based on its Price-To-Book Ratio (1x) compared to the Australian Chemicals industry average (1.9x).

Price to Book Ratio vs Fair Ratio

What is HFR'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.

HFR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HFR'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?

Analyst Forecast: Insufficient data to show price forecast.

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