Capstone Copper Corp.

TSX:CS Stock Report

Market Cap: CA$6.8b

Capstone Copper Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: CS (CA$8.86) is trading below our estimate of fair value (CA$11.23)

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

Key Valuation Metric

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

Key metric: As CS is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for CS. This is calculated by dividing CS's market cap by their current revenue.
What is CS's PS Ratio?
PS Ratio3.1x
SalesUS$1.51b
Market CapUS$4.70b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for CS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average2.1x
LUN Lundin Mining
1.6x5.7%CA$9.6b
FM First Quantum Minerals
2.3x20.4%CA$15.6b
ERO Ero Copper
2.9x20.2%CA$2.0b
TKO Taseko Mines
1.5x17.7%CA$870.9m
CS Capstone Copper
3.1x19.7%CA$6.8b

Price-To-Sales vs Peers: CS is expensive based on its Price-To-Sales Ratio (3.1x) compared to the peer average (2.1x).

Price to Sales Ratio vs Industry

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

90 CompaniesPrice / SalesEstimated GrowthMarket Cap
TECK.B Teck Resources
1.8x-10.1%US$20.95b
LUN Lundin Mining
1.6x5.7%US$6.68b
EDV Endeavour Mining
1.9x12.8%US$4.43b
BTO B2Gold
1.7x12.4%US$3.26b
CS 3.1xIndustry Avg. 2.7xNo. of Companies90PS0816243240+
90 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: CS is expensive based on its Price-To-Sales Ratio (3.1x) compared to the Canadian Metals and Mining industry average (2.7x).

Price to Sales Ratio vs Fair Ratio

What is CS'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.

CS PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio3.1x
Fair PS Ratio2.9x

Price-To-Sales vs Fair Ratio: CS is expensive based on its Price-To-Sales Ratio (3.1x) compared to the estimated Fair Price-To-Sales Ratio (2.9x).

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 CS forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$8.86
CA$12.45
+40.6%
7.5%CA$15.00CA$11.00n/a15
Dec ’25CA$9.68
CA$12.63
+30.5%
6.9%CA$15.00CA$11.80n/a14
Nov ’25CA$9.74
CA$12.66
+30.0%
6.4%CA$14.00CA$11.80n/a14
Oct ’25CA$10.75
CA$12.55
+16.8%
6.3%CA$14.00CA$12.00n/a14
Sep ’25CA$9.67
CA$12.71
+31.5%
7.1%CA$14.00CA$11.50n/a13
Aug ’25CA$8.87
CA$12.73
+43.5%
7.5%CA$14.00CA$11.00n/a13
Jul ’25CA$9.70
CA$12.32
+27.0%
7.4%CA$14.00CA$11.00n/a13
Jun ’25CA$9.60
CA$12.17
+26.7%
8.9%CA$14.00CA$10.50n/a12
May ’25CA$9.40
CA$10.50
+11.7%
12.0%CA$13.00CA$9.00n/a11
Apr ’25CA$8.65
CA$8.82
+1.9%
5.4%CA$9.50CA$8.00n/a11
Mar ’25CA$6.95
CA$8.65
+24.5%
5.7%CA$9.50CA$8.00n/a10
Feb ’25CA$6.67
CA$8.35
+25.2%
7.9%CA$9.50CA$7.50n/a10
Jan ’25CA$6.45
CA$7.85
+21.7%
10.6%CA$9.50CA$6.50n/a10
Dec ’24CA$5.86
CA$7.74
+32.1%
10.7%CA$9.50CA$6.50CA$9.6811
Nov ’24CA$4.69
CA$7.90
+68.3%
9.4%CA$9.50CA$6.75CA$9.7411
Oct ’24CA$5.76
CA$7.96
+38.3%
7.2%CA$9.00CA$7.25CA$10.7511
Sep ’24CA$6.46
CA$7.96
+23.3%
7.2%CA$9.00CA$7.25CA$9.6711
Aug ’24CA$6.70
CA$7.86
+17.3%
8.6%CA$9.00CA$7.00CA$8.8711
Jul ’24CA$6.01
CA$7.97
+32.7%
8.2%CA$9.00CA$7.00CA$9.7011
Jun ’24CA$5.68
CA$7.90
+39.2%
9.2%CA$9.00CA$7.00CA$9.6011
May ’24CA$6.55
CA$7.95
+21.4%
8.6%CA$9.00CA$7.00CA$9.4010
Apr ’24CA$6.10
CA$7.43
+21.8%
13.8%CA$9.00CA$6.00CA$8.657
Mar ’24CA$6.50
CA$7.20
+10.8%
10.2%CA$8.50CA$6.00CA$6.9510
Feb ’24CA$6.39
CA$6.73
+5.2%
11.7%CA$8.00CA$5.25CA$6.6710
Jan ’24CA$4.94
CA$6.18
+25.1%
11.2%CA$7.50CA$5.25CA$6.4511
Dec ’23CA$4.88
CA$6.00
+23.0%
11.8%CA$7.50CA$5.00CA$5.8611

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 12:40
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Capstone Copper Corp. is covered by 37 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Mollie UrquhartBarrenjoey Markets Pty Limited
Rene CartierBMO Capital Markets Equity Research
Oscar CabreraBofA Global Research