Citigold Valuation

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

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

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

Key Valuation Metric

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

Key metric: As CTO barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for CTO. This is calculated by dividing CTO's market cap by their current book value.
What is CTO's PB Ratio?
PB Ratio	0.2x
Book	AU$96.53m
Market Cap	AU$15.00m

CTO 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	398.9x
Enterprise Value/EBITDA	-8.8x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for CTO 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	1.7x
ICL Iceni Gold	0.5x	n/a	AU$15.0m
PEC Perpetual Resources	5.3x	n/a	AU$11.8m
RR1 Reach Resources	0.5x	n/a	AU$7.0m
SNG Siren Gold	0.6x	n/a	AU$12.6m
CTO Citigold	0.2x	n/a	AU$15.0m

Price-To-Book vs Peers: CTO is good value based on its Price-To-Book Ratio (0.2x) compared to the peer average (1.7x).

Price to Book Ratio vs Industry

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

18 Companies	Price / Book	Estimated Growth	Market Cap
Industry Avg.	1.1x	10.7%
CTO Citigold	0.2x	n/a	US$9.74m
HAS Hastings Technology Metals	0.2x	12.6%	US$32.13m
JRV Jervois Global	0.1x	n/a	US$17.47m

18 Companies		Estimated Growth	Market Cap
Industry Avg.	1.1x	10.7%
CTO Citigold	0.2x	n/a	US$9.74m

No more companies

Price-To-Book vs Industry: CTO is good value based on its Price-To-Book Ratio (0.2x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is CTO'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.

CTO PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.2x
Fair PB Ratio	n/a

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