GoviEx Uranium Inc.

TSXV:GXU Stock Report

Market Cap: CA$52.8m

GoviEx Uranium Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: GXU (CA$0.07) is trading below our estimate of fair value (CA$3.52)

Significantly Below Fair Value: GXU is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As GXU 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 GXU. This is calculated by dividing GXU's market cap by their current book value.
What is GXU's PB Ratio?
PB Ratio7.4x
BookUS$5.14m
Market CapUS$37.79m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for GXU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.7x
WUC Western Uranium & Vanadium
1.9xn/aCA$76.6m
CTH CoTec Holdings
1xn/aCA$35.8m
PUR Premier American Uranium
9.1x84.0%CA$76.6m
SYH Skyharbour Resources
2.6xn/aCA$83.8m
GXU GoviEx Uranium
7.4xn/aCA$52.8m

Price-To-Book vs Peers: GXU is good value based on its Price-To-Book Ratio (7.4x) compared to the peer average (14.1x).

Price to Book Ratio vs Industry

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

11 CompaniesPrice / BookEstimated GrowthMarket Cap
BNE Bonterra Energy
0.2x-82.7%US$96.67m
YGR Yangarra Resources
0.2xn/aUS$71.34m
TWM Tidewater Midstream and Infrastructure
0.2x110.6%US$40.03m
LCFS Tidewater Renewables
0.2x110.5%US$23.39m
GXU 7.4xIndustry Avg. 1.3xNo. of Companies23PB012345+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: GXU is expensive based on its Price-To-Book Ratio (7.4x) compared to the Canadian Oil and Gas industry average (1.3x).

Price to Book Ratio vs Fair Ratio

What is GXU'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.

GXU PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio7.4x
Fair PB Ration/a

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

The above table shows the analyst GXU forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$0.065
CA$0.30
+361.5%
13.6%CA$0.35CA$0.25n/a3
Nov ’25CA$0.075
CA$0.30
+300.0%
13.6%CA$0.35CA$0.25n/a3
Oct ’25CA$0.085
CA$0.30
+252.9%
13.6%CA$0.35CA$0.25n/a3
Sep ’25CA$0.05
CA$0.30
+500.0%
13.6%CA$0.35CA$0.25n/a3
Aug ’25CA$0.055
CA$0.30
+445.5%
13.6%CA$0.35CA$0.25n/a3
Jul ’25CA$0.08
CA$0.50
+525.0%
32.7%CA$0.70CA$0.30n/a3
Jun ’25CA$0.10
CA$0.50
+376.2%
32.7%CA$0.70CA$0.30n/a3
May ’25CA$0.085
CA$0.50
+488.2%
32.7%CA$0.70CA$0.30n/a3
Apr ’25CA$0.13
CA$0.73
+464.1%
6.4%CA$0.80CA$0.70n/a3
Mar ’25CA$0.17
CA$0.73
+344.4%
6.4%CA$0.80CA$0.70n/a3
Jan ’25CA$0.15
CA$0.63
+316.7%
4.0%CA$0.65CA$0.60n/a2
Dec ’24CA$0.18
CA$0.63
+237.8%
4.0%CA$0.65CA$0.60n/a2
Nov ’24CA$0.17
CA$0.63
+257.1%
4.0%CA$0.65CA$0.60CA$0.0752
Oct ’24CA$0.18
CA$0.63
+237.8%
4.0%CA$0.65CA$0.60CA$0.0852
Sep ’24CA$0.14
CA$0.63
+363.0%
4.0%CA$0.65CA$0.60CA$0.052
Aug ’24CA$0.12
CA$0.63
+443.5%
4.0%CA$0.65CA$0.60CA$0.0552
Jul ’24CA$0.13
CA$0.63
+380.8%
4.0%CA$0.65CA$0.60CA$0.082
Jun ’24CA$0.14
CA$0.63
+331.0%
4.0%CA$0.65CA$0.60CA$0.102
Apr ’24CA$0.21
CA$0.66
+207.0%
9.1%CA$0.72CA$0.60CA$0.132
Mar ’24CA$0.21
CA$0.67
+213.2%
7.8%CA$0.72CA$0.60CA$0.173
Feb ’24CA$0.23
CA$0.67
+186.5%
7.8%CA$0.72CA$0.60CA$0.213
Jan ’24CA$0.18
CA$0.67
+274.1%
7.8%CA$0.72CA$0.60CA$0.153
Dec ’23CA$0.21
CA$0.67
+213.2%
7.8%CA$0.72CA$0.60CA$0.183
Nov ’23CA$0.23
CA$0.67
+192.8%
7.8%CA$0.72CA$0.60CA$0.173

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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