Miramar Resources Limited

ASX:M2R Stock Report

Market Cap: AU$2.2m

Miramar Resources Valuation

Is M2R undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 M2R when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate M2R's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate M2R's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for M2R?

Key metric: As M2R 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 M2R. This is calculated by dividing M2R's market cap by their current book value.
What is M2R's PB Ratio?
PB Ratio0.3x
BookAU$8.96m
Market CapAU$2.18m

Price to Book Ratio vs Peers

How does M2R's PB Ratio compare to its peers?

The above table shows the PB ratio for M2R vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.3x
KGD Kula Gold
1.5xn/aAU$4.2m
BCM Brazilian Critical Minerals
5.9xn/aAU$9.8m
GMN Gold Mountain
0.4xn/aAU$6.8m
NES Nelson Resources
1.4xn/aAU$1.4m
M2R Miramar Resources
0.3xn/aAU$2.2m

Price-To-Book vs Peers: M2R is expensive based on its Price-To-Book Ratio (0.3x) compared to the peer average (-4.8x).

Price to Book Ratio vs Industry

How does M2R's PB Ratio compare vs other companies in the AU Metals and Mining Industry?

17 CompaniesPrice / BookEstimated GrowthMarket Cap
HAS Hastings Technology Metals
0.2x12.6%US$31.21m
JRV Jervois Global
0.1xn/aUS$19.37m
ADN Andromeda Metals
0.2x25.5%US$17.67m
CTO Citigold
0.1xn/aUS$7.82m
M2R 0.3xIndustry Avg. 1.1xNo. of Companies94PB00.81.62.43.24+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: M2R is good value based on its Price-To-Book Ratio (0.3x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is M2R'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.

M2R PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate M2R'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.

Discover undervalued companies

Capral

AU$155.7m

Manufactures, markets, and distributes fabricated and semi-fabricated aluminum related products in Australia.

CAA

AU$9.19

7D

-1.3%

1Y

6.2%

Aurelia Metals

AU$296.0m

Engages in the exploration and production of mineral properties in Australia.

AMI

AU$0.17

7D

0%

1Y

58.1%

Aurelia Metals

AU$296.0m

Engages in the exploration and production of mineral properties in Australia.

AMI

AU$0.17

7D

-2.9%

1Y

54.5%