We’ve recently updated our valuation analysis.

Mincor Resources Valuation

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

[object Object] Score

4/6

Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 MCR?

Other financial metrics that can be useful for relative valuation.

MCR 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/Revenue23.4x
Enterprise Value/EBITDA-99.5x
PEG Ration/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MCR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average12.2x
PRN Perenti
0.3x1.2%AU$764.0m
JMS Jupiter Mines
47.6x-116.5%AU$391.8m
BLY Boart Longyear Group
0.5xn/aAU$680.6m
OMH OM Holdings
0.4x6.3%AU$508.3m
MCR Mincor Resources
25x25.5%AU$810.1m

Price-To-Sales vs Peers: MCR is expensive based on its Price-To-Sales Ratio (25x) compared to the peer average (12.2x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-5.8%
n/an/an/a

Price-To-Sales vs Industry: MCR is good value based on its Price-To-Sales Ratio (25x) compared to the Australian Metals and Mining industry average (76.3x)


Price to Sales Ratio vs Fair Ratio

What is MCR'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.

MCR PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio25x
Fair PS Ratio4.2x

Price-To-Sales vs Fair Ratio: MCR is expensive based on its Price-To-Sales Ratio (25x) compared to the estimated Fair Price-To-Sales Ratio (4.2x).


Share Price vs Fair Value

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

Below Fair Value: MCR (A$1.66) is trading below our estimate of fair value (A$3.39)

Significantly Below Fair Value: MCR is trading below fair value by more than 20%.


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 MCR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$1.66
AU$2.09
+26.2%
9.1%AU$2.30AU$1.90n/a4
Nov ’23AU$1.37
AU$2.01
+47.4%
14.1%AU$2.30AU$1.60n/a4
Oct ’23AU$1.83
AU$2.37
+29.8%
9.1%AU$2.70AU$2.10n/a4
Sep ’23AU$2.09
AU$2.40
+14.6%
8.9%AU$2.70AU$2.10n/a4
Aug ’23AU$1.93
AU$2.37
+22.7%
9.1%AU$2.70AU$2.10n/a4
Jul ’23AU$1.67
AU$2.27
+36.6%
15.0%AU$2.85AU$2.00n/a4
Jun ’23AU$2.39
AU$2.30
-4.0%
19.9%AU$2.85AU$1.58n/a4
May ’23AU$2.50
AU$2.27
-9.2%
18.8%AU$2.75AU$1.58n/a4
Apr ’23AU$2.31
AU$1.88
-18.8%
11.6%AU$2.10AU$1.58n/a3
Mar ’23AU$1.99
AU$1.59
-20.1%
21.9%AU$1.95AU$1.12n/a3
Feb ’23AU$1.62
AU$1.39
-14.2%
17.2%AU$1.70AU$1.12n/a3
Jan ’23AU$1.79
AU$1.34
-24.9%
13.1%AU$1.55AU$1.12n/a3
Dec ’22AU$1.22
AU$1.29
+6.2%
9.5%AU$1.40AU$1.12AU$1.623
Nov ’22AU$1.38
AU$1.29
-6.5%
9.5%AU$1.40AU$1.12AU$1.373
Oct ’22AU$1.27
AU$1.30
+2.1%
8.7%AU$1.40AU$1.14AU$1.833
Sep ’22AU$1.33
AU$1.30
-2.5%
8.7%AU$1.40AU$1.14AU$2.093
Aug ’22AU$1.23
AU$1.28
+4.1%
7.7%AU$1.35AU$1.14AU$1.933
Jul ’22AU$1.04
AU$1.13
+8.2%
15.6%AU$1.30AU$0.95AU$1.672
Jun ’22AU$1.00
AU$1.13
+12.5%
15.6%AU$1.30AU$0.95AU$2.392
May ’22AU$1.01
AU$1.13
+11.9%
15.6%AU$1.30AU$0.95AU$2.502
Apr ’22AU$0.98
AU$1.13
+14.8%
15.6%AU$1.30AU$0.95AU$2.312
Mar ’22AU$1.08
AU$1.18
+8.8%
19.1%AU$1.40AU$0.95AU$1.992
Feb ’22AU$0.99
AU$1.17
+18.0%
19.3%AU$1.40AU$0.95AU$1.622
Jan ’22AU$1.11
AU$1.07
-2.8%
11.8%AU$1.20AU$0.95AU$1.792
Dec ’21AU$0.94
AU$0.96
+1.1%
7.7%AU$1.05AU$0.87AU$1.223

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.


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