Western Mines Group Ltd

CHIA:WMG Stock Report

Market Cap: AU$16.6m

Western Mines Group Valuation

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

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

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

Key Valuation Metric

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

Key metric: As WMG 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 WMG. This is calculated by dividing WMG's market cap by their current book value.
What is WMG's PB Ratio?
PB Ratio1.7x
BookAU$9.65m
Market CapAU$16.60m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for WMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average8.5x
SPQ Superior Resources
1xn/aAU$15.0m
PR2 Piche Resources
31.2xn/aAU$15.4m
ELT Elementos
0.8xn/aAU$15.1m
EG1 Evergreen Lithium
0.9xn/aAU$14.7m
WMG Western Mines Group
1.7xn/aAU$16.6m

Price-To-Book vs Peers: WMG is good value based on its Price-To-Book Ratio (1.7x) compared to the peer average (8.4x).

Price to Book Ratio vs Industry

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

16 CompaniesPrice / BookEstimated GrowthMarket Cap
HAS Hastings Technology Metals
0.2x12.6%US$32.90m
JRV Jervois Global
0.1xn/aUS$21.08m
ADN Andromeda Metals
0.2x25.5%US$15.59m
CTO Citigold
0.1xn/aUS$7.78m
WMG 1.7xIndustry Avg. 1.1xNo. of Companies93PB00.81.62.43.24+
16 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: WMG is expensive based on its Price-To-Book Ratio (1.7x) compared to the Australian Metals and Mining industry average (1.1x).

Price to Book Ratio vs Fair Ratio

What is WMG'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.

WMG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.7x
Fair PB Ration/a

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