E3 Lithium Limited

TSXV:ETL Stock Report

Market Cap: CA$73.8m

E3 Lithium Valuation

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

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

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

Key Valuation Metric

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

Key metric: As ETL 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 ETL. This is calculated by dividing ETL's market cap by their current book value.
What is ETL's PB Ratio?
PB Ratio1.4x
BookCA$54.31m
Market CapCA$73.76m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ETL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average3.4x
ALEX Alpha Exploration
3.9xn/aCA$78.0m
DBG Doubleview Gold
3.5xn/aCA$71.3m
MMA Midnight Sun Mining
3.6xn/aCA$73.4m
IBAT International Battery Metals
2.7xn/aCA$72.9m
ETL E3 Lithium
1.4x0.9%CA$73.8m

Price-To-Book vs Peers: ETL is good value based on its Price-To-Book Ratio (1.4x) compared to the peer average (3.4x).

Price to Book Ratio vs Industry

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

90 CompaniesPrice / BookEstimated GrowthMarket Cap
S Sherritt International
0.1xn/aUS$49.74m
WM Wallbridge Mining
0.2xn/aUS$46.71m
NCU Nevada Copper
0.1xn/aUS$31.56m
ELR Eastern Platinum
0.3xn/aUS$24.61m
ETL 1.4xIndustry Avg. 1.4xNo. of Companies158PB01.22.43.64.86+
90 CompaniesEstimated GrowthMarket Cap
No more companies

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

Price to Book Ratio vs Fair Ratio

What is ETL'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.

ETL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate ETL'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 ETL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$1.04
CA$3.63
+248.6%
17.2%CA$4.25CA$3.00n/a2
Nov ’25CA$1.14
CA$4.45
+290.4%
32.6%CA$5.90CA$3.00n/a2
Oct ’25CA$1.17
CA$6.45
+451.3%
8.5%CA$7.00CA$5.90n/a2
Sep ’25CA$1.40
CA$6.45
+360.7%
8.5%CA$7.00CA$5.90n/a2
Aug ’25CA$1.06
CA$6.45
+508.5%
8.5%CA$7.00CA$5.90n/a2
Jul ’25CA$1.45
CA$6.20
+327.6%
9.2%CA$7.00CA$5.70n/a3
Jun ’25CA$1.73
CA$7.90
+356.6%
37.8%CA$13.00CA$5.70n/a4
May ’25CA$1.73
CA$8.24
+376.2%
34.1%CA$13.00CA$5.70n/a4
Apr ’25CA$1.47
CA$8.61
+485.9%
31.6%CA$13.00CA$5.70n/a4
Mar ’25CA$1.79
CA$8.61
+381.1%
31.6%CA$13.00CA$5.70n/a4
Feb ’25CA$1.90
CA$8.61
+353.3%
31.6%CA$13.00CA$5.70n/a4
Jan ’25CA$2.21
CA$9.11
+312.3%
28.6%CA$13.00CA$5.70n/a4
Dec ’24CA$2.17
CA$9.11
+319.9%
28.6%CA$13.00CA$5.70n/a4
Nov ’24CA$2.62
CA$10.07
+284.2%
31.3%CA$13.00CA$5.70CA$1.143
Oct ’24CA$3.13
CA$12.50
+299.4%
4.0%CA$13.00CA$12.00CA$1.172
Sep ’24CA$4.01
CA$11.50
+186.8%
13.0%CA$13.00CA$10.00CA$1.402
Apr ’24CA$2.71
CA$11.75
+333.6%
10.6%CA$13.00CA$10.50CA$1.472
Mar ’24CA$2.29
CA$9.35
+308.3%
12.3%CA$10.50CA$8.20CA$1.792
Feb ’24CA$2.27
CA$8.35
+267.8%
1.8%CA$8.50CA$8.20CA$1.902
Jan ’24CA$1.93
CA$8.35
+332.6%
1.8%CA$8.50CA$8.20CA$2.212
Dec ’23CA$2.52
CA$8.35
+231.3%
1.8%CA$8.50CA$8.20CA$2.172
Nov ’23CA$2.05
CA$7.85
+282.9%
4.5%CA$8.20CA$7.50CA$2.622

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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