Skeena Resources Limited

TSX:SKE Stock Report

Market Cap: CA$1.4b

Skeena Resources Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

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

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

Key Valuation Metric

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

Key metric: As SKE is unprofitable and pre-revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for SKE. This is calculated by dividing SKE's market cap by their current book value.
What is SKE's PB Ratio?
PB Ratio15.7x
BookCA$90.40m
Market CapCA$1.40b

Price to Book Ratio vs Peers

How does SKE's PB Ratio compare to its peers?

The above table shows the PB ratio for SKE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.8x
ORA Aura Minerals
3.7x66.8%CA$1.2b
AAUC Allied Gold
3.8x85.2%CA$1.1b
SSRM SSR Mining
0.4x121.3%CA$1.6b
WDO Wesdome Gold Mines
3.6x45.1%CA$1.8b
SKE Skeena Resources
15.7x85.8%CA$1.4b

Price-To-Book vs Peers: SKE is expensive based on its Price-To-Book Ratio (15.7x) compared to the peer average (2.9x).

Price to Book Ratio vs Industry

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

84 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$48.19m
WM Wallbridge Mining
0.2xn/aUS$46.95m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$25.99m
SKE 15.7xIndustry Avg. 1.4xNo. of Companies161PB01.22.43.64.86+
84 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: SKE is expensive based on its Price-To-Book Ratio (15.7x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

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

SKE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio15.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SKE's Price-To-Book 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?

The above table shows the analyst SKE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$13.21
CA$16.57
+25.4%
14.4%CA$20.00CA$12.00n/a10
Nov ’25CA$13.37
CA$16.88
+26.3%
14.7%CA$20.00CA$12.00n/a11
Oct ’25CA$11.57
CA$16.68
+44.1%
14.1%CA$20.00CA$12.00n/a11
Sep ’25CA$10.36
CA$16.09
+55.3%
14.9%CA$20.00CA$12.00n/a11
Aug ’25CA$8.86
CA$15.99
+80.4%
15.8%CA$20.00CA$12.00n/a11
Jul ’25CA$7.34
CA$15.91
+116.8%
16.6%CA$20.00CA$12.00n/a10
Jun ’25CA$6.03
CA$16.32
+170.7%
11.0%CA$19.75CA$14.00n/a9
May ’25CA$6.76
CA$15.76
+133.1%
15.2%CA$19.75CA$10.70n/a10
Apr ’25CA$6.28
CA$15.55
+147.5%
15.6%CA$19.75CA$10.70n/a10
Mar ’25CA$5.44
CA$15.55
+185.8%
15.6%CA$19.75CA$10.70n/a10
Feb ’25CA$6.38
CA$15.42
+141.6%
15.5%CA$19.75CA$10.70n/a10
Jan ’25CA$6.45
CA$15.17
+135.1%
14.6%CA$18.25CA$10.70n/a10
Dec ’24CA$6.07
CA$15.06
+148.1%
15.1%CA$18.25CA$11.00n/a9
Nov ’24CA$4.77
CA$14.77
+209.7%
12.7%CA$17.00CA$10.90CA$13.379
Oct ’24CA$6.21
CA$15.16
+144.1%
11.4%CA$17.00CA$10.90CA$11.579
Sep ’24CA$6.56
CA$15.00
+128.7%
12.8%CA$17.00CA$10.90CA$10.369
Aug ’24CA$6.69
CA$15.00
+124.2%
12.8%CA$17.00CA$10.90CA$8.869
Jul ’24CA$6.39
CA$15.28
+139.1%
11.4%CA$16.50CA$10.90CA$7.349
Jun ’24CA$7.28
CA$15.62
+114.6%
8.9%CA$17.00CA$12.00CA$6.039
May ’24CA$9.27
CA$15.76
+70.0%
9.1%CA$17.00CA$12.00CA$6.769
Apr ’24CA$8.28
CA$15.48
+87.0%
9.8%CA$17.00CA$12.00CA$6.289
Mar ’24CA$7.40
CA$15.48
+109.2%
9.8%CA$17.00CA$12.00CA$5.449
Feb ’24CA$8.30
CA$15.37
+85.2%
11.6%CA$17.00CA$11.00CA$6.389
Jan ’24CA$7.21
CA$15.14
+110.0%
12.0%CA$17.00CA$10.80CA$6.459
Dec ’23CA$7.71
CA$15.14
+96.4%
12.0%CA$17.00CA$10.80CA$6.079
Nov ’23CA$6.32
CA$15.59
+146.7%
12.5%CA$17.50CA$10.80CA$4.779

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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