Elemental Altus Royalties Corp.

TSXV:ELE Stock Report

Market Cap: CA$277.7m

Elemental Altus Royalties Valuation

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

Below Fair Value: ELE (CA$1.13) is trading below our estimate of fair value (CA$1.38)

Significantly Below Fair Value: ELE is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ELE. This is calculated by dividing ELE's market cap by their current earnings.
What is ELE's PE Ratio?
PE Ratio110.6x
EarningsUS$1.80m
Market CapUS$198.68m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ELE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.8x
MKO Mako Mining
8xn/aCA$249.3m
DNG Dynacor Group
7.8xn/aCA$204.0m
JAG Jaguar Mining
7.3xn/aCA$299.8m
MND Mandalay Resources
7.9x34.2%CA$330.8m
ELE Elemental Altus Royalties
110.6xn/aCA$277.7m

Price-To-Earnings vs Peers: ELE is expensive based on its Price-To-Earnings Ratio (110.6x) compared to the peer average (7.8x).

Price to Earnings Ratio vs Industry

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

33 CompaniesPrice / EarningsEstimated GrowthMarket Cap
SLI Standard Lithium
2.9xn/aUS$325.70m
APM Andean Precious Metals
2.4x-42.9%US$133.57m
STGO Steppe Gold
2.3xn/aUS$117.57m
DC.A Dundee
2.3xn/aUS$106.83m
ELE 110.6xIndustry Avg. 12.5xNo. of Companies33PE01632486480+
33 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ELE is expensive based on its Price-To-Earnings Ratio (110.6x) compared to the Canadian Metals and Mining industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is ELE'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.

ELE PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio110.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ELE's Price-To-Earnings 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 ELE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.13
CA$2.04
+80.3%
15.2%CA$2.35CA$1.55n/a4
Nov ’25CA$1.25
CA$2.04
+63.0%
15.2%CA$2.35CA$1.55n/a4
Oct ’25CA$1.21
CA$2.05
+69.4%
3.4%CA$2.15CA$2.00n/a3
Sep ’25CA$1.05
CA$2.05
+95.2%
3.4%CA$2.15CA$2.00n/a3
Aug ’25CA$1.06
CA$2.05
+93.4%
3.4%CA$2.15CA$2.00n/a3
Jul ’25CA$1.10
CA$2.02
+83.3%
5.1%CA$2.15CA$1.90n/a3
Jun ’25CA$1.15
CA$2.02
+75.4%
5.1%CA$2.15CA$1.90n/a3
May ’25CA$1.16
CA$2.05
+76.7%
5.2%CA$2.15CA$1.90n/a4
Apr ’25CA$1.19
CA$1.88
+57.6%
10.2%CA$2.15CA$1.65n/a4
Mar ’25CA$1.03
CA$1.88
+82.0%
10.2%CA$2.15CA$1.65n/a4
Feb ’25CA$1.10
CA$1.90
+72.7%
10.9%CA$2.15CA$1.65n/a4
Jan ’25CA$1.10
CA$1.93
+75.8%
12.4%CA$2.15CA$1.60n/a3
Dec ’24CA$1.16
CA$1.93
+66.7%
12.4%CA$2.15CA$1.60n/a3
Nov ’24CA$1.13
CA$1.93
+71.1%
12.4%CA$2.15CA$1.60CA$1.253
Oct ’24CA$1.17
CA$1.88
+61.0%
10.7%CA$2.05CA$1.60CA$1.213
Sep ’24CA$1.18
CA$1.93
+63.8%
6.8%CA$2.05CA$1.75CA$1.053
Aug ’24CA$1.20
CA$1.93
+61.1%
6.8%CA$2.05CA$1.75CA$1.063
Jul ’24CA$1.17
CA$2.00
+70.9%
2.0%CA$2.05CA$1.95CA$1.103
Jun ’24CA$1.24
CA$2.00
+61.3%
2.0%CA$2.05CA$1.95CA$1.153
May ’24CA$1.38
CA$2.00
+44.9%
2.0%CA$2.05CA$1.95CA$1.163
Apr ’24CA$1.37
CA$2.01
+46.5%
5.2%CA$2.15CA$1.90CA$1.193
Mar ’24CA$1.30
CA$2.10
+61.5%
3.4%CA$2.15CA$2.00CA$1.033
Feb ’24CA$1.25
CA$2.07
+65.3%
5.7%CA$2.15CA$1.90CA$1.103
Jan ’24CA$1.31
CA$2.02
+53.9%
5.1%CA$2.15CA$1.90CA$1.103
Dec ’23CA$1.25
CA$2.17
+73.3%
10.9%CA$2.50CA$2.00CA$1.163
Nov ’23CA$1.16
CA$2.17
+86.8%
10.9%CA$2.50CA$2.00CA$1.133

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.

Discover undervalued companies

Canfor Pulp Products

CA$58.7m

Produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally.

CFX

CA$0.85

7D

-2.3%

1Y

-49.4%

Chemtrade Logistics Income Fund

CA$1.4b

Offers industrial chemicals and services in Canada, the United States, and South America.

CHE.UN

CA$11.50

7D

-0.3%

1Y

30.7%

Neo Performance Materials

CA$319.0m

Engages in the manufacture and sale of rare earth, magnetic powders, magnets, and rare metal-based functional materials in Canada and internationally.

NEO

CA$8.00

7D

0.5%

1Y

8.3%