5N Plus Inc.

TSX:VNP Stock Report

Market Cap: CA$634.9m

5N Plus Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: VNP (CA$7.13) is trading below our estimate of fair value (CA$34.66)

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

Key Valuation Metric

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

Key metric: As VNP is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for VNP. This is calculated by dividing VNP's market cap by their current earnings.
What is VNP's PE Ratio?
PE Ratio27.7x
EarningsUS$15.95m
Market CapUS$441.79m

Price to Earnings Ratio vs Peers

How does VNP's PE Ratio compare to its peers?

The above table shows the PE ratio for VNP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average16.4x
CHE.UN Chemtrade Logistics Income Fund
8.8x3.7%CA$1.1b
IFOS Itafos
22.2xn/aCA$330.3m
MDI Major Drilling Group International
16.2x51.2%CA$675.2m
TKO Taseko Mines
18.6x43.9%CA$870.9m
VNP 5N Plus
27.7x25.8%CA$634.9m

Price-To-Earnings vs Peers: VNP is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the peer average (16.4x).

Price to Earnings Ratio vs Industry

How does VNP's PE Ratio compare vs other companies in the North American Chemicals Industry?

7 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VNP 27.7xIndustry Avg. 20.5xNo. of Companies8PE01224364860+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: VNP is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the North American Chemicals industry average (20.5x).

Price to Earnings Ratio vs Fair Ratio

What is VNP'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.

VNP PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio27.7x
Fair PE Ratio17.8x

Price-To-Earnings vs Fair Ratio: VNP is expensive based on its Price-To-Earnings Ratio (27.7x) compared to the estimated Fair Price-To-Earnings Ratio (17.8x).

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 VNP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$7.13
CA$9.36
+31.3%
5.8%CA$10.02CA$8.67n/a5
Dec ’25CA$6.49
CA$9.05
+39.4%
5.3%CA$9.81CA$8.53n/a4
Nov ’25CA$7.09
CA$8.48
+19.6%
4.3%CA$8.99CA$8.06n/a4
Oct ’25CA$6.56
CA$8.26
+25.9%
3.3%CA$8.55CA$7.93n/a4
Sep ’25CA$6.95
CA$7.57
+8.9%
4.9%CA$8.00CA$7.09n/a4
Aug ’25CA$6.06
CA$7.04
+16.1%
6.4%CA$7.50CA$6.47n/a4
Jul ’25CA$6.26
CA$6.97
+11.4%
5.3%CA$7.54CA$6.54n/a4
Jun ’25CA$5.77
CA$6.58
+14.0%
4.2%CA$7.02CA$6.27n/a4
May ’25CA$4.66
CA$6.00
+28.7%
1.8%CA$6.09CA$5.83n/a4
Apr ’25CA$4.93
CA$5.93
+20.2%
1.9%CA$6.00CA$5.73n/a4
Mar ’25CA$4.70
CA$5.81
+23.6%
3.6%CA$6.00CA$5.50n/a4
Feb ’25CA$3.88
CA$5.14
+32.5%
6.0%CA$5.60CA$4.86n/a4
Jan ’25CA$3.78
CA$5.07
+34.2%
7.0%CA$5.68CA$4.76n/a4
Dec ’24CA$3.28
CA$5.13
+56.5%
7.4%CA$5.77CA$4.75CA$6.494
Nov ’24CA$3.33
CA$5.16
+55.1%
6.6%CA$5.70CA$4.77CA$7.094
Oct ’24CA$3.50
CA$5.07
+44.8%
5.4%CA$5.51CA$4.76CA$6.564
Sep ’24CA$3.60
CA$5.07
+40.8%
5.4%CA$5.51CA$4.76CA$6.954
Aug ’24CA$3.62
CA$4.39
+21.2%
5.7%CA$4.75CA$4.00CA$6.065
Jul ’24CA$3.26
CA$4.39
+34.6%
5.7%CA$4.75CA$4.00CA$6.265
Jun ’24CA$3.15
CA$4.37
+38.6%
5.9%CA$4.74CA$3.99CA$5.775
May ’24CA$3.12
CA$4.09
+31.2%
5.0%CA$4.50CA$3.98CA$4.665
Apr ’24CA$3.44
CA$4.10
+19.1%
4.9%CA$4.50CA$3.99CA$4.935
Mar ’24CA$2.63
CA$4.10
+55.8%
4.9%CA$4.50CA$3.99CA$4.705
Feb ’24CA$3.20
CA$3.46
+8.1%
17.3%CA$4.50CA$2.94CA$3.885
Jan ’24CA$2.91
CA$3.36
+15.4%
12.2%CA$3.95CA$2.96CA$3.785
Dec ’23CA$2.85
CA$3.36
+17.8%
12.2%CA$3.95CA$2.96CA$3.285

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 07:41
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

5N Plus Inc. is covered by 22 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Arun ThomasByron Capital Markets
Jonathan DorsheimerCanaccord Genuity
Michael WillemseCIBC Capital Markets