St Barbara Limited

CHIA:SBM Stock Report

Market Cap: AU$312.4m

St Barbara Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for SBM. This is calculated by dividing SBM's market cap by their current revenue.
What is SBM's PS Ratio?
PS Ratio1.4x
SalesAU$223.60m
Market CapAU$312.44m

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for SBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.5x
TBR Tribune Resources
2.4xn/aAU$258.7m
DCN Dacian Gold
2.8xn/aAU$346.8m
ALK Alkane Resources
1.8x20.8%AU$311.6m
RND Rand Mining
3.1xn/aAU$107.8m
SBM St Barbara
1.4x11.9%AU$312.4m

Price-To-Sales vs Peers: SBM is good value based on its Price-To-Sales Ratio (1.4x) compared to the peer average (2.4x).

Price to Sales Ratio vs Industry

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

123 CompaniesPrice / SalesEstimated GrowthMarket Cap
Industry Avg.61.1x2.6%
SBM St Barbara
 1.4x11.9%US$203.04m
BHP BHP Group
2.4x-4.1%US$132.38b
FMG Fortescue
2x-5.6%US$36.60b
SBM 1.4xIndustry Avg. 61.1xNo. of Companies122PS020406080100+
123 CompaniesEstimated GrowthMarket Cap
Industry Avg.61.1x10.6%
SBM St Barbara
 1.4x75.2%US$203.04m
No more companies

Price-To-Sales vs Industry: SBM is good value based on its Price-To-Sales Ratio (1.4x) compared to the Australian Metals and Mining industry average (61.1x).

Price to Sales Ratio vs Fair Ratio

What is SBM'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.

SBM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.4x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: SBM is expensive based on its Price-To-Sales Ratio (1.4x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

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 SBM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentAU$0.34
AU$0.43
+23.7%
14.9%AU$0.49AU$0.34n/a3
Nov ’25AU$0.46
AU$0.44
-3.6%
16.5%AU$0.50AU$0.34n/a3
Oct ’25AU$0.34
AU$0.25
-26.3%
40.6%AU$0.35AU$0.09n/a4
Sep ’25AU$0.25
AU$0.23
-9.0%
36.2%AU$0.30AU$0.09n/a4
Aug ’25AU$0.22
AU$0.23
+3.4%
36.2%AU$0.30AU$0.09n/a4
Jul ’25AU$0.20
AU$0.22
+8.5%
36.8%AU$0.30AU$0.09n/a4
Jun ’25AU$0.24
AU$0.23
-6.2%
35.6%AU$0.30AU$0.09n/a4
May ’25AU$0.26
AU$0.21
-18.4%
33.2%AU$0.26AU$0.09n/a4
Apr ’25AU$0.17
AU$0.18
+1.4%
32.7%AU$0.25AU$0.09n/a4
Mar ’25AU$0.14
AU$0.21
+42.5%
16.0%AU$0.25AU$0.17n/a3
Feb ’25AU$0.17
AU$0.21
+27.4%
12.3%AU$0.25AU$0.19n/a3
Jan ’25AU$0.21
AU$0.22
+3.2%
10.9%AU$0.25AU$0.20n/a3
Dec ’24AU$0.20
AU$0.22
+5.7%
10.9%AU$0.25AU$0.20n/a3
Nov ’24AU$0.17
AU$0.22
+23.8%
10.9%AU$0.25AU$0.20AU$0.463
Oct ’24AU$0.18
AU$0.36
+104.7%
22.7%AU$0.48AU$0.30AU$0.343
Sep ’24AU$0.19
AU$0.36
+85.3%
24.5%AU$0.48AU$0.29AU$0.253
Aug ’24AU$0.24
AU$0.39
+59.5%
17.2%AU$0.48AU$0.33AU$0.223
Jul ’24AU$0.48
AU$0.62
+28.8%
17.9%AU$0.76AU$0.48AU$0.205
Jun ’24AU$0.55
AU$0.62
+12.4%
17.9%AU$0.76AU$0.48AU$0.245
May ’24AU$0.60
AU$0.66
+9.0%
20.2%AU$0.85AU$0.48AU$0.266
Apr ’24AU$0.68
AU$0.77
+13.2%
25.2%AU$1.05AU$0.50AU$0.176
Mar ’24AU$0.57
AU$0.77
+35.1%
25.2%AU$1.05AU$0.50AU$0.146
Feb ’24AU$0.71
AU$0.96
+34.3%
40.4%AU$1.80AU$0.50AU$0.177
Jan ’24AU$0.78
AU$0.95
+22.0%
40.6%AU$1.80AU$0.50AU$0.218
Dec ’23AU$0.63
AU$0.84
+32.7%
46.8%AU$1.80AU$0.50AU$0.208
Nov ’23AU$0.51
AU$0.84
+65.6%
46.8%AU$1.80AU$0.50AU$0.178

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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