Kingfisher Mining Valuation

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

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

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

Key Valuation Metric

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

Key metric: As KFM 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 KFM. This is calculated by dividing KFM's market cap by their current book value.
What is KFM's PB Ratio?
PB Ratio	0.4x
Book	AU$5.75m
Market Cap	AU$2.69m

KFM 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	-1.2x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for KFM 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	0.9x
ALB Albion Resources	1.1x	n/a	AU$2.9m
WYX Western Yilgarn	0.5x	n/a	AU$2.1m
TMB Tambourah Metals	0.4x	n/a	AU$2.8m
NIS NickelSearch	1.6x	n/a	AU$4.0m
KFM Kingfisher Mining	0.4x	n/a	AU$2.7m

Price-To-Book vs Peers: KFM is good value based on its Price-To-Book Ratio (0.4x) compared to the peer average (0.9x).

Price to Book Ratio vs Industry

How does KFM'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$32.13m
JRV Jervois Global	0.1x	n/a	US$17.47m
ADN Andromeda Metals	0.2x	25.5%	US$15.50m
LPD Lepidico	0.2x	96.5%	US$11.10m

16 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: KFM is good value based on its Price-To-Book Ratio (0.4x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is KFM'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.

KFM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.4x
Fair PB Ratio	n/a

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