We’ve recently updated our valuation analysis.

Ramelius Resources Valuation

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

[object Object] Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 RMS?

Other financial metrics that can be useful for relative valuation.

RMS 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/Revenue1.3x
Enterprise Value/EBITDA2.9x
PEG Ratio1.4x

Price to Earnings Ratio vs Peers

How does RMS's PE Ratio compare to its peers?

The above table shows the PE ratio for RMS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average35.1x
SLR Silver Lake Resources
16.4x17.2%AU$1.3b
RRL Regis Resources
112.4x26.4%AU$1.5b
ALK Alkane Resources
5.8x-25.8%AU$410.2m
WAF West African Resources
5.7x-32.3%AU$1.3b
RMS Ramelius Resources
69.7x51.0%AU$863.6m

Price-To-Earnings vs Peers: RMS is expensive based on its Price-To-Earnings Ratio (69.7x) compared to the peer average (35.1x).


Price to Earnings Ratio vs Industry

How does RMS'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-Earnings vs Industry: RMS is expensive based on its Price-To-Earnings Ratio (69.7x) compared to the Australian Metals and Mining industry average (11.9x)


Price to Earnings Ratio vs Fair Ratio

What is RMS's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

RMS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio69.7x
Fair PE Ratio30.7x

Price-To-Earnings vs Fair Ratio: RMS is expensive based on its Price-To-Earnings Ratio (69.7x) compared to the estimated Fair Price-To-Earnings Ratio (30.7x).


Share Price vs Fair Value

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

Below Fair Value: RMS (A$0.99) is trading above our estimate of fair value (A$0.39)

Significantly Below Fair Value: RMS is trading above our estimate of fair value.


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 RMS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.99
AU$1.22
+23.4%
15.7%AU$1.50AU$0.90n/a7
Nov ’23AU$0.78
AU$1.22
+57.6%
18.8%AU$1.50AU$0.80n/a7
Oct ’23AU$0.71
AU$1.23
+71.8%
19.5%AU$1.55AU$0.80n/a7
Sep ’23AU$0.73
AU$1.28
+73.9%
15.2%AU$1.55AU$1.05n/a6
Aug ’23AU$0.98
AU$1.35
+37.4%
17.4%AU$1.80AU$1.10n/a6
Jul ’23AU$0.91
AU$1.75
+93.6%
19.7%AU$2.35AU$1.30n/a6
Jun ’23AU$1.23
AU$1.91
+55.3%
18.5%AU$2.40AU$1.50n/a6
May ’23AU$1.51
AU$1.91
+26.5%
18.5%AU$2.40AU$1.50n/a6
Apr ’23AU$1.43
AU$1.93
+35.4%
18.2%AU$2.47AU$1.50n/a6
Mar ’23AU$1.44
AU$1.95
+35.1%
17.8%AU$2.47AU$1.50n/a6
Feb ’23AU$1.34
AU$1.94
+44.8%
20.5%AU$2.49AU$1.45n/a6
Jan ’23AU$1.57
AU$1.98
+26.1%
16.5%AU$2.49AU$1.50n/a6
Dec ’22AU$1.56
AU$1.96
+25.8%
16.7%AU$2.49AU$1.50AU$0.946
Nov ’22AU$1.59
AU$1.95
+23.2%
16.5%AU$2.49AU$1.50AU$0.786
Oct ’22AU$1.36
AU$1.90
+39.9%
18.7%AU$2.49AU$1.45AU$0.716
Sep ’22AU$1.55
AU$2.03
+30.9%
16.4%AU$2.49AU$1.50AU$0.736
Aug ’22AU$1.71
AU$2.11
+23.8%
15.7%AU$2.57AU$1.50AU$0.986
Jul ’22AU$1.77
AU$2.13
+20.9%
18.5%AU$2.82AU$1.50AU$0.916
Jun ’22AU$1.96
AU$2.13
+8.5%
19.0%AU$2.82AU$1.50AU$1.236
May ’22AU$1.70
AU$2.07
+21.9%
21.5%AU$2.82AU$1.50AU$1.515
Apr ’22AU$1.51
AU$2.18
+44.3%
21.8%AU$2.82AU$1.50AU$1.435
Mar ’22AU$1.23
AU$2.25
+82.8%
17.4%AU$2.82AU$1.75AU$1.445
Feb ’22AU$1.58
AU$2.33
+47.8%
14.2%AU$2.79AU$1.90AU$1.345
Jan ’22AU$1.69
AU$2.38
+41.1%
12.4%AU$2.79AU$1.90AU$1.575
Dec ’21AU$1.73
AU$2.38
+37.4%
12.4%AU$2.79AU$1.90AU$1.565

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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