Tungsten Metals Group Limited

ASX:TME Stock Report

Market Cap: AU$35.9m

Tungsten Metals Group Valuation

Is TME 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-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As TME is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for TME. This is calculated by dividing TME's market cap by their current revenue.
What is TME's PS Ratio?
PS Ratio11x
SalesAU$3.25m
Market CapAU$35.88m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TME vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average12.7x
G6M Group 6 Metals
6.4xn/aAU$25.1m
AUQ Alara Resources
4xn/aAU$22.3m
G1A Galena Mining
1.5xn/aAU$44.4m
AZL Arizona Lithium
39xn/aAU$67.1m
TME Tungsten Metals Group
11xn/aAU$35.9m

Price-To-Sales vs Peers: TME is good value based on its Price-To-Sales Ratio (11x) compared to the peer average (14.1x).

Price to Sales Ratio vs Industry

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

123 CompaniesPrice / SalesEstimated GrowthMarket Cap
BHP BHP Group
2.4x-4.1%US$132.18b
FMG Fortescue
1.9x-5.6%US$35.50b
NCM Newcrest Mining
3x5.2%US$13.37b
NST Northern Star Resources
4x8.5%US$12.75b
TME 11.0xIndustry Avg. 61.9xNo. of Companies123PS020406080100+
123 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: TME is good value based on its Price-To-Sales Ratio (11x) compared to the Australian Metals and Mining industry average (64.5x).

Price to Sales Ratio vs Fair Ratio

What is TME'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.

TME PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio11x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TME's Price-To-Sales 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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