Dreadnought Resources Limited

CHIA:DRE Stock Report

Market Cap: AU$56.3m

Dreadnought Resources Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

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

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

Key Valuation Metric

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

Key metric: As DRE 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 DRE. This is calculated by dividing DRE's market cap by their current book value.
What is DRE's PB Ratio?
PB Ratio1.1x
BookAU$52.04m
Market CapAU$56.29m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for DRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1x
BKT Black Rock Mining
1xn/aAU$56.3m
NVA Nova Minerals
0.6xn/aAU$56.2m
NWC New World Resources
0.8x22.6%AU$56.8m
AGR Aguia Resources
1.5xn/aAU$55.6m
DRE Dreadnought Resources
1.1x42.1%AU$56.3m

Price-To-Book vs Peers: DRE is expensive based on its Price-To-Book Ratio (1.1x) compared to the peer average (1x).

Price to Book Ratio vs Industry

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

15 CompaniesPrice / BookEstimated GrowthMarket Cap
HAS Hastings Technology Metals
0.2x12.6%US$32.32m
JRV Jervois Global
0.1xn/aUS$19.32m
ADN Andromeda Metals
0.2x25.5%US$15.59m
CTO Citigold
0.1xn/aUS$7.80m
DRE 1.1xIndustry Avg. 1.1xNo. of Companies98PB00.81.62.43.24+
15 CompaniesEstimated GrowthMarket Cap
No more companies

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

Price to Book Ratio vs Fair Ratio

What is DRE'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.

DRE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate DRE'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 DRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.014
AU$0.035
+150.0%
42.9%AU$0.05AU$0.02n/a2
Nov ’25AU$0.015
AU$0.035
+125.8%
42.9%AU$0.05AU$0.02n/a2
Oct ’25AU$0.017
AU$0.035
+105.9%
42.9%AU$0.05AU$0.02n/a2
Sep ’25AU$0.017
AU$0.10
+488.2%
50.0%AU$0.15AU$0.05n/a2
Aug ’25AU$0.02
AU$0.11
+450.0%
36.4%AU$0.15AU$0.07n/a2
Jul ’25AU$0.021
AU$0.11
+423.8%
36.4%AU$0.15AU$0.07n/a2
Feb ’25AU$0.02
AU$0.17
+775.0%
14.3%AU$0.20AU$0.15n/a2
Jan ’25AU$0.03
AU$0.17
+473.8%
14.3%AU$0.20AU$0.15n/a2
Dec ’24AU$0.032
AU$0.17
+446.9%
14.3%AU$0.20AU$0.15n/a2
Nov ’24AU$0.032
AU$0.17
+446.9%
14.3%AU$0.20AU$0.15AU$0.0152
Oct ’24AU$0.047
AU$0.17
+272.3%
14.3%AU$0.20AU$0.15AU$0.0172
Sep ’24AU$0.057
AU$0.17
+209.7%
14.3%AU$0.20AU$0.15AU$0.0172
Aug ’24AU$0.053
AU$0.20
+264.5%
23.1%AU$0.24AU$0.15AU$0.022
Jul ’24AU$0.052
AU$0.20
+294.2%
17.1%AU$0.24AU$0.17AU$0.0212
Jun ’24AU$0.049
AU$0.20
+318.4%
17.1%AU$0.24AU$0.17AU$0.0162
May ’24AU$0.061
AU$0.21
+252.5%
11.6%AU$0.24AU$0.19AU$0.0172
Apr ’24AU$0.065
AU$0.21
+230.8%
11.6%AU$0.24AU$0.19AU$0.0172
Mar ’24AU$0.087
AU$0.21
+147.1%
11.6%AU$0.24AU$0.19AU$0.0182
Feb ’24AU$0.10
AU$0.21
+104.8%
11.6%AU$0.24AU$0.19AU$0.022
Jan ’24AU$0.10
AU$0.22
+120.0%
9.1%AU$0.24AU$0.20AU$0.032
Dec ’23AU$0.10
AU$0.22
+109.5%
9.1%AU$0.24AU$0.20AU$0.0322
Nov ’23AU$0.12
AU$0.22
+91.3%
9.1%AU$0.24AU$0.20AU$0.0322

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.

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