Dolly Varden Silver Corporation

TSXV:DV Stock Report

Market Cap: CA$355.2m

Dolly Varden Silver Valuation

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

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

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

Key Valuation Metric

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

Key metric: As DV 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 DV. This is calculated by dividing DV's market cap by their current book value.
What is DV's PB Ratio?
PB Ratio3.9x
BookCA$84.57m
Market CapCA$355.18m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for DV vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.5x
MTA Metalla Royalty & Streaming
1.1x63.4%CA$392.1m
PTM Platinum Group Metals
6.9xn/aCA$243.9m
ASM Avino Silver & Gold Mines
1.4x45.5%CA$220.6m
LUC Lucara Diamond
0.6x71.6%CA$220.0m
DV Dolly Varden Silver
3.9x78.1%CA$355.2m

Price-To-Book vs Peers: DV is expensive based on its Price-To-Book Ratio (3.9x) compared to the peer average (2.5x).

Price to Book Ratio vs Industry

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

87 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$51.22m
WM Wallbridge Mining
0.2xn/aUS$43.67m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$26.07m
DV 3.9xIndustry Avg. 1.4xNo. of Companies158PB01.22.43.64.86+
87 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: DV is expensive based on its Price-To-Book Ratio (3.9x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is DV'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.

DV PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate DV'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 DV forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.05
CA$1.83
+74.7%
22.3%CA$2.40CA$1.45n/a3
Nov ’25CA$1.26
CA$1.83
+45.5%
22.3%CA$2.40CA$1.46n/a3
Oct ’25CA$1.12
CA$1.80
+61.2%
22.9%CA$2.38CA$1.43n/a3
Sep ’25CA$1.02
CA$1.70
+66.2%
29.8%CA$2.40CA$1.24n/a3
Aug ’25CA$1.07
CA$1.71
+59.5%
29.0%CA$2.40CA$1.26n/a3
Jul ’25CA$1.03
CA$1.70
+65.3%
29.7%CA$2.41CA$1.25n/a3
Jun ’25CA$1.16
CA$1.70
+46.5%
29.6%CA$2.40CA$1.25n/a3
May ’25CA$0.94
CA$1.35
+43.4%
7.7%CA$1.45CA$1.24n/a2
Feb ’25CA$0.70
CA$1.22
+74.2%
10.1%CA$1.34CA$1.10n/a2
Jan ’25CA$0.87
CA$1.18
+36.1%
15.6%CA$1.37CA$1.00n/a2
Dec ’24CA$0.91
CA$1.18
+30.1%
15.6%CA$1.37CA$1.00n/a2
Nov ’24CA$0.75
CA$1.18
+57.9%
15.6%CA$1.37CA$1.00CA$1.262
Oct ’24CA$0.64
CA$1.68
+162.4%
19.0%CA$2.00CA$1.36CA$1.122
Sep ’24CA$0.74
CA$1.67
+125.4%
19.4%CA$1.99CA$1.34CA$1.022
Aug ’24CA$0.71
CA$1.66
+134.3%
20.2%CA$2.00CA$1.33CA$1.072
Jul ’24CA$0.75
CA$1.68
+123.9%
19.0%CA$2.00CA$1.36CA$1.032
Jun ’24CA$0.88
CA$1.68
+90.8%
19.0%CA$2.00CA$1.36CA$1.162
May ’24CA$1.03
CA$1.68
+63.0%
19.0%CA$2.00CA$1.36CA$0.942
Apr ’24CA$1.04
CA$1.57
+51.6%
14.6%CA$1.80CA$1.34CA$0.922
Mar ’24CA$0.97
CA$1.57
+61.7%
14.6%CA$1.80CA$1.34CA$0.732
Feb ’24CA$1.08
CA$1.47
+36.2%
8.5%CA$1.60CA$1.35CA$0.702
Jan ’24CA$0.90
CA$1.47
+63.4%
8.5%CA$1.60CA$1.35CA$0.872
Dec ’23CA$0.84
CA$1.47
+75.1%
8.5%CA$1.60CA$1.35CA$0.912

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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