Tartana Minerals Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for TAT. This is calculated by dividing TAT's market cap by their current revenue.
What is TAT's PS Ratio?
PS Ratio	0.8x
Sales	AU$6.79m
Market Cap	AU$5.73m

TAT 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	1.2x
Enterprise Value/EBITDA	27.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for TAT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	32.3x
CAZ Cazaly Resources	20.2x	n/a	AU$6.0m
PL3 Patagonia Lithium	57.5x	n/a	AU$7.5m
BUS Bubalus Resources	41.2x	n/a	AU$4.7m
LM1 Leeuwin Metals	10.3x	n/a	AU$4.6m
TAT Tartana Minerals	0.8x	n/a	AU$5.7m

Price-To-Sales vs Peers: TAT is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (39.1x).

Price to Sales Ratio vs Industry

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

123 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	61.1x	2.6%
TAT Tartana Minerals	0.8x	n/a	US$3.87m
BHP BHP Group	2.4x	-4.1%	US$132.38b
FMG Fortescue	2x	-5.6%	US$36.60b

123 Companies		Estimated Growth	Market Cap
Industry Avg.	61.1x	10.6%
TAT Tartana Minerals	0.8x	n/a	US$3.87m

No more companies

Price-To-Sales vs Industry: TAT is good value based on its Price-To-Sales Ratio (0.8x) compared to the Australian Metals and Mining industry average (77x).

Price to Sales Ratio vs Fair Ratio

What is TAT'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.

TAT PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.8x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate TAT's Price-To-Sales 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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