Carmanah Minerals Corp.

CNSX:CARM Stock Report

Market Cap: CA$1.1m

Carmanah Minerals Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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

Key Valuation Metric

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

Key metric: As CARM 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 CARM. This is calculated by dividing CARM's market cap by their current book value.
What is CARM's PB Ratio?
PB Ratio3.4x
BookCA$314.54k
Market CapCA$1.06m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for CARM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.6x
GGLD General Copper Gold
0.7xn/aCA$1.3m
ROVR Rover Critical Minerals
0.2xn/aCA$1.1m
IMR iMetal Resources
0.2xn/aCA$1.1m
SHRP Sherpa II Holdings
1.3xn/aCA$1.0m
CARM Carmanah Minerals
3.4xn/aCA$1.1m

Price-To-Book vs Peers: CARM is expensive based on its Price-To-Book Ratio (3.4x) compared to the peer average (0.6x).

Price to Book Ratio vs Industry

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

89 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$48.16m
WM Wallbridge Mining
0.2xn/aUS$46.92m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$25.97m
CARM 3.4xIndustry Avg. 1.4xNo. of Companies159PB01.22.43.64.86+
89 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: CARM is expensive based on its Price-To-Book Ratio (3.4x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is CARM'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.

CARM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.4x
Fair PB Ration/a

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