Northern Star Resources Limited

CHIA:NST Stock Report

Market Cap: AU$17.5b

Northern Star Resources Valuation

Is NST 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: NST (A$15.19) is trading below our estimate of fair value (A$18.64)

Significantly Below Fair Value: NST is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As NST is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NST. This is calculated by dividing NST's market cap by their current earnings.
What is NST's PE Ratio?
PE Ratio27.4x
EarningsAU$638.50m
Market CapAU$17.50b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NST vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average18.9x
NCM Newcrest Mining
17.2x12.2%AU$20.8b
EVN Evolution Mining
22.7x9.3%AU$9.6b
PRU Perseus Mining
6.9x-9.3%AU$3.6b
WGX Westgold Resources
28.8x35.3%AU$2.7b
NST Northern Star Resources
27.4x17.2%AU$17.5b

Price-To-Earnings vs Peers: NST is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the peer average (19.5x).

Price to Earnings Ratio vs Industry

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

9 CompaniesPrice / EarningsEstimated GrowthMarket Cap
KCN Kingsgate Consolidated
1.7x-13.3%US$207.15m
RHI Red Hill Minerals
1.7xn/aUS$165.24m
GRR Grange Resources
2.4xn/aUS$159.24m
PTN Patronus Resources
1.8xn/aUS$50.18m
NST 27.4xIndustry Avg. 12.8xNo. of Companies10PE01020304050+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NST is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the Australian Metals and Mining industry average (12.8x).

Price to Earnings Ratio vs Fair Ratio

What is NST'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.

NST PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.4x
Fair PE Ratio22.6x

Price-To-Earnings vs Fair Ratio: NST is expensive based on its Price-To-Earnings Ratio (27.4x) compared to the estimated Fair Price-To-Earnings Ratio (22.6x).

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 NST forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$15.19
AU$18.11
+19.2%
15.2%AU$23.00AU$12.00n/a17
Dec ’25AU$17.49
AU$17.97
+2.7%
14.1%AU$21.95AU$11.60n/a17
Nov ’25AU$17.47
AU$18.00
+3.0%
13.8%AU$21.95AU$11.60n/a18
Oct ’25AU$15.82
AU$16.20
+2.4%
14.4%AU$21.00AU$11.60n/a18
Sep ’25AU$15.26
AU$15.44
+1.2%
11.7%AU$18.75AU$11.60n/a17
Aug ’25AU$14.29
AU$15.20
+6.4%
11.3%AU$18.65AU$11.60n/a17
Jul ’25AU$12.84
AU$15.85
+23.4%
12.7%AU$19.15AU$11.60n/a17
Jun ’25AU$14.35
AU$15.80
+10.1%
12.7%AU$20.00AU$11.60n/a17
May ’25AU$14.39
AU$15.48
+7.6%
12.9%AU$20.00AU$11.60n/a17
Apr ’25AU$14.51
AU$14.43
-0.6%
13.6%AU$20.00AU$11.30n/a17
Mar ’25AU$12.94
AU$14.30
+10.5%
13.6%AU$20.00AU$11.30n/a17
Feb ’25AU$13.32
AU$14.08
+5.7%
14.5%AU$20.00AU$11.30n/a16
Jan ’25AU$13.62
AU$13.55
-0.5%
14.8%AU$20.00AU$11.30n/a16
Dec ’24AU$12.45
AU$13.13
+5.5%
9.3%AU$15.00AU$11.20AU$17.4916
Nov ’24AU$11.83
AU$13.03
+10.2%
9.9%AU$15.00AU$11.20AU$17.4715
Oct ’24AU$10.44
AU$12.53
+20.0%
11.6%AU$15.00AU$10.50AU$15.8215
Sep ’24AU$11.75
AU$12.44
+5.9%
10.5%AU$15.00AU$10.50AU$15.2615
Aug ’24AU$11.69
AU$12.84
+9.8%
9.9%AU$15.00AU$11.20AU$14.2915
Jul ’24AU$12.06
AU$13.74
+13.9%
10.0%AU$16.00AU$11.20AU$12.8414
Jun ’24AU$13.30
AU$13.75
+3.4%
10.3%AU$16.00AU$11.20AU$14.3514
May ’24AU$13.43
AU$13.75
+2.4%
10.0%AU$16.00AU$11.20AU$14.3915
Apr ’24AU$12.31
AU$12.35
+0.4%
12.0%AU$16.00AU$9.56AU$14.5114
Mar ’24AU$10.63
AU$12.10
+13.8%
9.6%AU$14.00AU$9.56AU$12.9414
Feb ’24AU$12.67
AU$12.09
-4.6%
9.5%AU$14.00AU$9.56AU$13.3215
Jan ’24AU$10.94
AU$11.18
+2.2%
10.9%AU$14.00AU$9.40AU$13.6215
Dec ’23AU$10.88
AU$11.13
+2.3%
11.2%AU$14.00AU$9.40AU$12.4515

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/21 10:04
End of Day Share Price 2024/12/20 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Northern Star Resources Limited is covered by 35 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightAPP Securities Pty Ltd.
Russell WrightBarclay Pearce Capital Pty Limited
Mollie UrquhartBarrenjoey Markets Pty Limited