SolGold Plc

TSX:SOLG Stock Report

Market Cap: CA$415.5m

SolGold Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 SOLG when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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

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

Key Valuation Metric

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

Key metric: As SOLG 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 SOLG. This is calculated by dividing SOLG's market cap by their current book value.
What is SOLG's PB Ratio?
PB Ratio1.2x
BookUS$247.02m
Market CapUS$297.53m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for SOLG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2x
MARI Marimaca Copper
3.1x57.4%CA$495.0m
III Imperial Metals
0.4xn/aCA$331.8m
ALDE Aldebaran Resources
2.6xn/aCA$312.6m
TKO Taseko Mines
1.8x46.1%CA$863.4m
SOLG SolGold
1.2x48.9%CA$234.7m

Price-To-Book vs Peers: SOLG is good value based on its Price-To-Book Ratio (1.2x) compared to the peer average (2x).

Price to Book Ratio vs Industry

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

89 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$52.63m
WM Wallbridge Mining
0.2xn/aUS$43.67m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$26.08m
SOLG 1.2xIndustry Avg. 1.4xNo. of Companies157PB01.22.43.64.86+
89 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: SOLG is good value based on its Price-To-Book Ratio (1.2x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is SOLG'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.

SOLG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SOLG'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 SOLG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$0.14
CA$0.87
+500.3%
28.6%CA$1.12CA$0.62n/a2
Nov ’25CA$0.16
CA$0.88
+449.7%
28.6%CA$1.13CA$0.63n/a2
Oct ’25CA$0.18
CA$0.88
+375.5%
28.6%CA$1.13CA$0.63n/a2
Sep ’25CA$0.17
CA$0.86
+392.6%
28.6%CA$1.11CA$0.62n/a2
Aug ’25CA$0.20
CA$0.87
+334.5%
28.6%CA$1.12CA$0.62n/a2
Jul ’25CA$0.15
CA$0.90
+500.3%
22.3%CA$1.10CA$0.70n/a2
Jun ’25CA$0.17
CA$0.89
+438.1%
22.3%CA$1.09CA$0.69n/a2
May ’25CA$0.17
CA$0.89
+422.2%
22.3%CA$1.09CA$0.69n/a2
Apr ’25CA$0.18
CA$0.89
+393.2%
22.3%CA$1.09CA$0.69n/a2
Mar ’25CA$0.12
CA$0.88
+664.5%
22.3%CA$1.08CA$0.68n/a2
Feb ’25CA$0.14
CA$0.85
+488.5%
22.3%CA$1.04CA$0.66n/a2
Jan ’25CA$0.17
CA$0.85
+387.7%
22.3%CA$1.04CA$0.66n/a2
Dec ’24CA$0.15
CA$0.85
+450.6%
22.3%CA$1.04CA$0.66n/a2
Nov ’24CA$0.15
CA$0.85
+468.9%
22.3%CA$1.04CA$0.66CA$0.162
Oct ’24CA$0.21
CA$0.85
+306.4%
22.3%CA$1.04CA$0.66CA$0.182
Sep ’24CA$0.25
CA$0.83
+230.5%
21.5%CA$1.08CA$0.68CA$0.173
Aug ’24CA$0.27
CA$0.70
+158.6%
2.4%CA$0.72CA$0.68CA$0.202
Jun ’24CA$0.27
CA$1.11
+311.0%
25.2%CA$1.42CA$0.67CA$0.174
May ’24CA$0.31
CA$1.20
+285.8%
11.4%CA$1.40CA$1.07CA$0.174
Apr ’24CA$0.31
CA$1.20
+285.8%
11.4%CA$1.40CA$1.07CA$0.184
Mar ’24CA$0.27
CA$1.20
+342.9%
11.4%CA$1.40CA$1.07CA$0.124
Feb ’24CA$0.28
CA$1.20
+327.1%
11.4%CA$1.40CA$1.07CA$0.144
Jan ’24CA$0.30
CA$1.12
+272.3%
20.4%CA$1.42CA$0.74CA$0.175
Dec ’23CA$0.32
CA$1.10
+242.5%
20.1%CA$1.37CA$0.71CA$0.155
Nov ’23CA$0.26
CA$1.03
+304.8%
20.1%CA$1.29CA$0.67CA$0.155

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.

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