Mandalay Resources Valuation
Is MND undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
5/6Valuation Score 5/6
Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of MND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: MND (CA$3.52) is trading below our estimate of fair value (CA$10.46)
Significantly Below Fair Value: MND is trading below fair value by more than 20%.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for MND?
Key metric: As MND is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.
| What is MND's PE Ratio? | |
|---|---|
| PE Ratio | 8x |
| Earnings | US$29.81m |
| Market Cap | US$237.21m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.8x |
| Enterprise Value/EBITDA | 1.7x |
| PEG Ratio | 0.2x |
Price to Earnings Ratio vs Peers
How does MND's PE Ratio compare to its peers?
| Company | Forward PE | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 60.6x | ||
JAG Jaguar Mining | 7.3x | n/a | CA$299.8m |
ELE Elemental Altus Royalties | 110.6x | n/a | CA$277.7m |
DNG Dynacor Group | 7.8x | n/a | CA$204.0m |
AMX Amex Exploration | 116.9x | -49.9% | CA$141.5m |
MND Mandalay Resources | 7.9x | 34.2% | CA$330.8m |
Price-To-Earnings vs Peers: MND is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (60.6x).
Price to Earnings Ratio vs Industry
How does MND's PE Ratio compare vs other companies in the CA Metals and Mining Industry?
Price-To-Earnings vs Industry: MND is good value based on its Price-To-Earnings Ratio (7.9x) compared to the Canadian Metals and Mining industry average (12.5x).
Price to Earnings Ratio vs Fair Ratio
What is MND'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.
| Fair Ratio | |
|---|---|
| Current PE Ratio | 8x |
| Fair PE Ratio | 21.1x |
Price-To-Earnings vs Fair Ratio: MND is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (21.1x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | CA$3.52 | CA$5.52 +56.8% | 18.7% | CA$6.55 | CA$4.49 | n/a | 2 |
| Nov ’25 | CA$3.42 | CA$5.54 +61.9% | 18.8% | CA$6.58 | CA$4.50 | n/a | 2 |
| Jan ’24 | CA$3.03 | CA$4.18 +38.0% | 4.4% | CA$4.37 | CA$4.00 | CA$1.83 | 2 |
| Dec ’23 | CA$2.15 | CA$4.14 +92.5% | 3.9% | CA$4.30 | CA$3.97 | CA$1.94 | 2 |
| Nov ’23 | CA$1.65 | CA$4.95 +200.1% | 19.2% | CA$5.90 | CA$4.00 | CA$1.74 | 2 |
Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.
Discover undervalued companies
Canfor Pulp Products
CA$55.4m
Produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally.
CFX
CA$0.85
7D
-2.3%
1Y
-47.9%
Foraco International
CA$215.7m
Provides drilling services in North America, Europe, the Middle East, Africa, South America, and the Asia Pacific.
FAR
CA$2.18
7D
0.5%
1Y
21.8%
Chemtrade Logistics Income Fund
CA$1.4b
Offers industrial chemicals and services in Canada, the United States, and South America.
CHE.UN
CA$11.50
7D
-0.9%
1Y
30.8%