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Nevada Copper Valuation

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

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

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NCU. This is calculated by dividing NCU's market cap by their current revenue.
What is NCU's PS Ratio?
PS Ratio	3.9x
Sales	US$8.12m
Market Cap	US$31.56m

NCU 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	36.1x
Enterprise Value/EBITDA	-4.7x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NCU 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	2.1x
HCU Horizon Copper	3.9x	3.9%	CA$72.6m
III Imperial Metals	0.8x	n/a	CA$336.7m
TKO Taseko Mines	1.4x	18.3%	CA$839.6m
SBR Silver Bear Resources	2.1x	n/a	CA$33.9m
NCU Nevada Copper	3.9x	n/a	CA$42.9m

Price-To-Sales vs Peers: NCU is expensive based on its Price-To-Sales Ratio (3.9x) compared to the peer average (2.3x).

Price to Sales Ratio vs Industry

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

85 Companies	Price / Sales	Estimated Growth	Market Cap
TECK.B Teck Resources	2x	-10.3%	US$22.91b
LUN Lundin Mining	1.8x	4.8%	US$7.18b
BTO B2Gold	1.8x	8.7%	US$3.50b
HBM Hudbay Minerals	1.7x	4.8%	US$3.39b

85 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: NCU is expensive based on its Price-To-Sales Ratio (3.9x) compared to the Canadian Metals and Mining industry average (3.1x).

Price to Sales Ratio vs Fair Ratio

What is NCU'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.

NCU PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	3.9x
Fair PS Ratio	n/a

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