We’ve recently updated our valuation analysis.

Endeavour Mining Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

EDV 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/Revenue2.3x
Enterprise Value/EBITDA4.6x
PEG Ratio3.3x

Price to Earnings Ratio vs Peers

How does EDV's PE Ratio compare to its peers?

The above table shows the PE ratio for EDV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.6x
SSRM SSR Mining
14.7x28.7%CA$4.5b
YRI Yamana Gold
21.3x19.0%CA$7.4b
K Kinross Gold
16.9x46.0%CA$7.3b
BTO B2Gold
17.6x-11.6%CA$5.5b
EDV Endeavour Mining
72x21.8%CA$7.7b

Price-To-Earnings vs Peers: EDV is expensive based on its Price-To-Earnings Ratio (72x) compared to the peer average (17.6x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.9%
n/an/an/a

Price-To-Earnings vs Industry: EDV is expensive based on its Price-To-Earnings Ratio (72x) compared to the Canadian Metals and Mining industry average (13.1x)


Price to Earnings Ratio vs Fair Ratio

What is EDV's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EDV PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio72x
Fair PE Ratio18.2x

Price-To-Earnings vs Fair Ratio: EDV is expensive based on its Price-To-Earnings Ratio (72x) compared to the estimated Fair Price-To-Earnings Ratio (18.2x).


Share Price vs Fair Value

What is the Fair Price of EDV when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EDV (CA$31.22) is trading below our estimate of fair value (CA$43.36)

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


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 EDV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$31.22
CA$41.41
+32.6%
10.6%CA$52.00CA$34.00n/a14
Jan ’24CA$28.98
CA$38.64
+33.3%
11.5%CA$46.25CA$31.00n/a15
Dec ’23CA$29.29
CA$38.46
+31.3%
11.9%CA$46.25CA$31.00n/a15
Nov ’23CA$24.55
CA$38.39
+56.4%
12.3%CA$46.25CA$30.00n/a15
Oct ’23CA$25.48
CA$39.87
+56.5%
12.3%CA$47.50CA$30.00n/a15
Sep ’23CA$24.57
CA$40.07
+63.1%
12.0%CA$47.50CA$30.00n/a15
Aug ’23CA$25.26
CA$41.90
+65.9%
8.3%CA$47.50CA$34.75n/a13
Jul ’23CA$26.63
CA$45.19
+69.7%
7.9%CA$52.00CA$40.00n/a12
Jun ’23CA$29.46
CA$44.94
+52.6%
7.9%CA$52.00CA$40.00n/a13
May ’23CA$31.44
CA$44.58
+41.8%
8.8%CA$52.00CA$38.00n/a13
Apr ’23CA$31.61
CA$43.37
+37.2%
6.7%CA$48.00CA$38.00n/a13
Mar ’23CA$35.13
CA$43.46
+23.7%
7.5%CA$48.00CA$38.00n/a13
Feb ’23CA$28.96
CA$43.58
+50.5%
7.7%CA$48.00CA$38.00CA$32.0013
Jan ’23CA$27.73
CA$44.50
+60.5%
6.5%CA$49.00CA$40.00CA$28.9813
Dec ’22CA$28.42
CA$44.50
+56.6%
6.5%CA$49.00CA$40.00CA$29.2913
Nov ’22CA$31.49
CA$43.65
+38.6%
8.5%CA$48.00CA$38.00CA$24.5513
Oct ’22CA$28.89
CA$44.54
+54.2%
10.1%CA$51.00CA$36.00CA$25.4812
Sep ’22CA$30.63
CA$44.83
+46.4%
12.2%CA$55.00CA$36.00CA$24.5712
Aug ’22CA$29.71
CA$44.08
+48.4%
14.4%CA$54.00CA$31.00CA$25.2612
Jul ’22CA$26.62
CA$43.92
+65.0%
14.8%CA$57.00CA$32.00CA$26.6312
Jun ’22CA$29.37
CA$44.42
+51.2%
14.4%CA$57.00CA$32.00CA$29.4612
May ’22CA$25.59
CA$43.82
+71.2%
14.0%CA$53.00CA$32.00CA$31.4411
Apr ’22CA$26.63
CA$45.18
+69.7%
15.6%CA$58.00CA$32.00CA$31.6111
Mar ’22CA$23.58
CA$47.89
+103.1%
9.2%CA$58.00CA$41.75CA$35.1311
Feb ’22CA$27.68
CA$50.10
+81.0%
11.4%CA$61.00CA$45.00CA$28.9610

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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