Peak Rare Earths Valuation

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

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

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

Key Valuation Metric

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

Key metric: As PEK 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 PEK. This is calculated by dividing PEK's market cap by their current book value.
What is PEK's PB Ratio?
PB Ratio	0.7x
Book	AU$53.19m
Market Cap	AU$36.77m

PEK 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	-2.5x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for PEK 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	2.3x
LEG Legend Mining	0.6x	n/a	AU$32.0m
ETM Energy Transition Minerals	1.9x	n/a	AU$35.2m
TNC True North Copper	0.7x	n/a	AU$30.9m
OSM Osmond Resources	6.1x	n/a	AU$31.4m
PEK Peak Rare Earths	0.7x	57.9%	AU$36.8m

Price-To-Book vs Peers: PEK is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (2.3x).

Price to Book Ratio vs Industry

How does PEK'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$36.42m
JRV Jervois Global	0.1x	n/a	US$19.32m
ADN Andromeda Metals	0.2x	25.5%	US$17.81m
CTO Citigold	0.1x	n/a	US$7.80m

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: PEK is good value based on its Price-To-Book Ratio (0.7x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is PEK'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.

PEK PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.7x
Fair PB Ratio	n/a

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

The above table shows the analyst PEK forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	AU$0.12	AU$1.47 +1,178.3%	55.8%	AU$2.29	AU$0.65	n/a	2
Nov ’25	AU$0.19	AU$1.47 +673.7%	55.8%	AU$2.29	AU$0.65	n/a	2
Oct ’25	AU$0.19	AU$1.47 +673.7%	55.8%	AU$2.29	AU$0.65	n/a	2
Sep ’25	AU$0.20	AU$1.47 +617.1%	55.8%	AU$2.29	AU$0.65	n/a	2
Aug ’25	AU$0.22	AU$1.50 +579.5%	53.2%	AU$2.29	AU$0.70	n/a	2
Jul ’25	AU$0.19	AU$0.99 +421.1%	29.3%	AU$1.28	AU$0.70	n/a	2
Jun ’25	AU$0.24	AU$1.01 +312.2%	30.7%	AU$1.32	AU$0.70	n/a	2
May ’25	AU$0.23	AU$1.01 +348.9%	30.7%	AU$1.32	AU$0.70	n/a	2
Apr ’25	AU$0.20	AU$0.99 +410.3%	29.6%	AU$1.29	AU$0.70	n/a	2
Mar ’25	AU$0.21	AU$1.10 +409.3%	17.8%	AU$1.29	AU$0.90	n/a	2
Feb ’25	AU$0.25	AU$1.10 +338.0%	17.8%	AU$1.29	AU$0.90	n/a	2
Jan ’25	AU$0.35	AU$1.10 +212.9%	17.8%	AU$1.29	AU$0.90	n/a	2

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

Discover undervalued companies

Incitec Pivot

AU$6.1b

Manufactures and distributes industrial explosives, industrial chemicals, and fertilizers in Australia and the United State.

IPL

AU$3.21

1.6%

11.1%

Capral

AU$166.7m

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

CAA

AU$9.75

6.1%

12.1%

Aurelia Metals

AU$296.0m

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

AMI

AU$0.17

59.1%