Mountain Province Diamonds Valuation

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

MPVD (CA$0.12) is trading below our estimate of [[fair value]] (CA$1.85)

Is MPVD 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-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 MPVD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: MPVD (CA$0.12) is trading below our estimate of fair value (CA$1.85)

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

Key Valuation Metric

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

Key metric: As MPVD is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for MPVD. This is calculated by dividing MPVD's market cap by their current revenue.
What is MPVD's PS Ratio?
PS Ratio	0.09x
Sales	CA$295.45m
Market Cap	CA$25.47m

MPVD 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/Revenue	1.1x
Enterprise Value/EBITDA	2.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for MPVD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	16.1x
ELR Eastern Platinum	0.3x	n/a	CA$36.4m
STGO Steppe Gold	0.8x	n/a	CA$151.7m
DMI Diamcor Mining	44.7x	n/a	CA$5.1m
AUAG Auxico Resources Canada	18.6x	n/a	CA$11.7m
MPVD Mountain Province Diamonds	0.09x	n/a	CA$25.5m

Price-To-Sales vs Peers: MPVD is good value based on its Price-To-Sales Ratio (0.1x) compared to the peer average (13.3x).

Price to Sales Ratio vs Industry

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

84 Companies	Price / Sales	Estimated Growth	Market Cap
Industry Avg.	2.9x	16.5%
MPVD Mountain Province Diamonds	0.09x	n/a	US$18.23m
LUN Lundin Mining	1.9x	4.4%	US$7.89b
BTO B2Gold	2x	16.3%	US$3.73b

84 Companies		Estimated Growth	Market Cap
Industry Avg.	2.9x	40.3%
MPVD Mountain Province Diamonds	0.09x	n/a	US$18.23m

No more companies

Price-To-Sales vs Industry: MPVD is good value based on its Price-To-Sales Ratio (0.1x) compared to the Canadian Metals and Mining industry average (2.9x).

Price to Sales Ratio vs Fair Ratio

What is MPVD'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.

MPVD PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.09x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate MPVD's Price-To-Sales 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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