Sailfish Royalty Valuation

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

FISH (CA$1.42) is trading above our estimate of [[fair value]] (CA$0.02)

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

Below Fair Value: FISH (CA$1.42) is trading above our estimate of fair value (CA$0.02)

Significantly Below Fair Value: FISH is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for FISH. This is calculated by dividing FISH's market cap by their current earnings.
What is FISH's PE Ratio?
PE Ratio	52.5x
Earnings	US$1.36m
Market Cap	US$71.19m

FISH 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/Revenue	25.9x
Enterprise Value/EBITDA	706x
PEG Ratio	-2.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for FISH vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	35.5x
MJS Majestic Gold	6.7x	n/a	CA$78.2m
MMY Monument Mining	10.6x	n/a	CA$95.2m
AMX Amex Exploration	116.9x	-49.9%	CA$141.5m
DNG Dynacor Group	7.8x	n/a	CA$204.0m
FISH Sailfish Royalty	52.5x	-17.8%	CA$99.5m

Price-To-Earnings vs Peers: FISH is expensive based on its Price-To-Earnings Ratio (52.5x) compared to the peer average (35.5x).

Price to Earnings Ratio vs Industry

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

33 Companies	Price / Earnings	Estimated Growth	Market Cap
SLI Standard Lithium	2.9x	n/a	US$325.70m
APM Andean Precious Metals	2.4x	-42.9%	US$133.57m
STGO Steppe Gold	2.3x	n/a	US$117.57m
DC.A Dundee	2.3x	n/a	US$106.83m

33 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: FISH is expensive based on its Price-To-Earnings Ratio (52.5x) compared to the Canadian Metals and Mining industry average (12.3x).

Price to Earnings Ratio vs Fair Ratio

What is FISH'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.

FISH PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	52.5x
Fair PE Ratio	7.6x

Price-To-Earnings vs Fair Ratio: FISH is expensive based on its Price-To-Earnings Ratio (52.5x) compared to the estimated Fair Price-To-Earnings Ratio (7.6x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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