Electra Battery Materials Corporation

TSXV:ELBM Stock Report

Mkt Cap: CA$109.4m

We’ve recently updated our valuation analysis.

Electra Battery Materials Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ELBM 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/Revenuen/a
Enterprise Value/EBITDA-7.2x
PEG Ration/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ELBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.1x
PINK Perimeter Medical Imaging AI
2.7x44.8%CA$109.6m
ERD Erdene Resource Development
2.6xn/aCA$120.5m
NKG Nevada King Gold
1.3xn/aCA$117.0m
CUU Copper Fox Metals
1.8xn/aCA$139.3m
ELBM Electra Battery Materials
1x105.6%CA$109.4m

Price-To-Book vs Peers: ELBM is good value based on its Price-To-Book Ratio (1x) compared to the peer average (2x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a14.6%
n/an/an/a

Price-To-Book vs Industry: ELBM is good value based on its Price-To-Book Ratio (1x) compared to the Canadian Metals and Mining industry average (1.7x)


Price to Book Ratio vs Fair Ratio

What is ELBM'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.

ELBM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ELBM's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

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

Below Fair Value: ELBM (CA$3.03) is trading below our estimate of fair value (CA$13.17)

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


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 ELBM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$3.03
CA$9.94
+228.0%
11.3%CA$11.75CA$9.00n/a4
Jan ’24CA$2.25
CA$9.94
+341.7%
11.3%CA$11.75CA$9.00n/a4
Dec ’23CA$3.14
CA$10.19
+224.4%
9.7%CA$11.75CA$9.00n/a4
Nov ’23CA$4.09
CA$10.31
+152.1%
8.3%CA$11.75CA$9.50n/a4
Oct ’23CA$3.83
CA$10.31
+169.3%
8.3%CA$11.75CA$9.50n/a4
Sep ’23CA$4.04
CA$10.42
+157.8%
9.3%CA$11.75CA$9.50n/a3
Aug ’23CA$5.00
CA$12.53
+150.7%
8.7%CA$13.35CA$11.00n/a3
Jul ’23CA$3.60
CA$12.53
+248.1%
8.7%CA$13.35CA$11.00n/a3
Jun ’23CA$4.92
CA$12.53
+154.7%
8.7%CA$13.35CA$11.00n/a3
May ’23CA$5.56
CA$12.88
+131.7%
11.0%CA$14.40CA$11.00n/a3
Apr ’23CA$5.40
CA$13.95
+158.3%
3.2%CA$14.40CA$13.50n/a2
Mar ’23CA$5.31
CA$13.95
+162.7%
3.2%CA$14.40CA$13.50n/a2
Feb ’23CA$5.13
CA$13.50
+163.2%
5.4%CA$14.40CA$12.60CA$3.113
Jan ’23CA$5.67
CA$13.50
+138.1%
5.4%CA$14.40CA$12.60CA$2.253
Dec ’22CA$5.76
CA$13.50
+134.4%
5.4%CA$14.40CA$12.60CA$3.143
Nov ’22CA$5.58
CA$11.10
+98.9%
13.8%CA$12.60CA$9.00CA$4.093
Oct ’22CA$4.59
CA$9.90
+115.7%
19.6%CA$12.60CA$8.10CA$3.833
Sep ’22CA$5.31
CA$10.50
+97.7%
17.6%CA$12.60CA$8.10CA$4.043
Aug ’22CA$5.22
CA$10.50
+101.1%
17.6%CA$12.60CA$8.10CA$5.003
Jul ’22CA$5.40
CA$10.50
+94.4%
17.6%CA$12.60CA$8.10CA$3.603
Jun ’22CA$5.58
CA$10.50
+88.2%
17.6%CA$12.60CA$8.10CA$4.923
May ’22CA$6.30
CA$10.50
+66.7%
17.6%CA$12.60CA$8.10CA$5.563
Apr ’22CA$6.75
CA$10.50
+55.6%
17.6%CA$12.60CA$8.10CA$5.403
Mar ’22CA$6.48
CA$9.45
+45.8%
14.3%CA$10.80CA$8.10CA$5.312
Feb ’22CA$5.49
CA$9.45
+72.1%
14.3%CA$10.80CA$8.10CA$5.132

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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