Basin Uranium Valuation

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

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

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

Key Valuation Metric

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

Key metric: As NCLR 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 NCLR. This is calculated by dividing NCLR's market cap by their current book value.
What is NCLR's PB Ratio?
PB Ratio	2.1x
Book	CA$2.63m
Market Cap	CA$5.58m

NCLR 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	-2.7x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for NCLR 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	2.1x
SRI Sparton Resources	5.5x	n/a	CA$5.9m
STUD Stallion Uranium	0.3x	n/a	CA$6.8m
GREN Madison Metals	2.1x	n/a	CA$5.9m
GCOM Green Shift Commodities	0.7x	n/a	CA$6.9m
NCLR Basin Uranium	2.1x	n/a	CA$5.6m

Price-To-Book vs Peers: NCLR is good value based on its Price-To-Book Ratio (2.1x) compared to the peer average (2.1x).

Price to Book Ratio vs Industry

How does NCLR's PB Ratio compare vs other companies in the CA Oil and Gas Industry?

9 Companies	Price / Book	Estimated Growth	Market Cap
BNE Bonterra Energy	0.2x	-82.7%	US$86.63m
CNE Canacol Energy	0.2x	59.7%	US$73.36m
YGR Yangarra Resources	0.2x	n/a	US$67.98m
TWM Tidewater Midstream and Infrastructure	0.2x	110.6%	US$41.22m

9 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: NCLR is expensive based on its Price-To-Book Ratio (2.1x) compared to the Canadian Oil and Gas industry average (1.2x).

Price to Book Ratio vs Fair Ratio

What is NCLR'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.

NCLR PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	2.1x
Fair PB Ratio	n/a

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