OreCorp Valuation

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

ORR (A$0.57) is trading below our estimate of [[fair value]] (A$6.03)

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

Below Fair Value: ORR (A$0.57) is trading below our estimate of fair value (A$6.03)

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

Key Valuation Metric

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

Key metric: As ORR 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 ORR. This is calculated by dividing ORR's market cap by their current book value.
What is ORR's PB Ratio?
PB Ratio	11.2x
Book	AU$23.82m
Market Cap	AU$267.48m

ORR 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	-4.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ORR 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	0.7x
29M 29Metals	0.8x	80.7%	AU$263.3m
OMH OM Holdings	0.4x	32.1%	AU$259.9m
JMS Jupiter Mines	0.5x	n/a	AU$274.4m
AMI Aurelia Metals	1x	30.2%	AU$296.0m
ORR OreCorp	11.2x	58.8%	AU$267.5m

Price-To-Book vs Peers: ORR is good value based on its Price-To-Book Ratio (11.2x) compared to the peer average (20.3x).

Price to Book Ratio vs Industry

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

16 Companies	Price / Book	Estimated Growth	Market Cap
HAS Hastings Technology Metals	0.2x	12.6%	US$32.13m
JRV Jervois Global	0.1x	n/a	US$17.47m
ADN Andromeda Metals	0.2x	25.5%	US$15.50m
LPD Lepidico	0.2x	96.5%	US$11.10m

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: ORR is expensive based on its Price-To-Book Ratio (11.2x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is ORR'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.

ORR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	11.2x
Fair PB Ratio	n/a

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