Helium Evolution Valuation

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

Valuation Score

2/6

Valuation Score 2/6

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

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

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

Key Valuation Metric

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

Key metric: As HEVI 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 HEVI. This is calculated by dividing HEVI's market cap by their current book value.
What is HEVI's PB Ratio?
PB Ratio	1.2x
Book	CA$10.35m
Market Cap	CA$12.48m

HEVI 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	n/a
Enterprise Value/EBITDA	-3.2x
PEG Ratio	n/a

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for HEVI vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	8.6x
TOH Total Helium	0.1x	n/a	CA$1.5m
FNDX FendX Technologies	21.5x	n/a	CA$11.7m
BU Burcon NutraScience	11.6x	134.0%	CA$19.3m
KRN Karnalyte Resources	1.3x	n/a	CA$6.7m
HEVI Helium Evolution	1.2x	n/a	CA$12.5m

Price-To-Book vs Peers: HEVI is good value based on its Price-To-Book Ratio (1.2x) compared to the peer average (8.6x).

Price to Book Ratio vs Industry

How does HEVI's PB Ratio compare vs other companies in the CA Chemicals Industry?

4 Companies	Price / Book	Estimated Growth	Market Cap
WRX Western Resources	0.1x	n/a	US$17.52m
PRH Pearl River Holdings	0.2x	n/a	US$2.93m
GDNP.H good natured Products	0.2x	n/a	US$1.31m
TOH Total Helium	0.1x	n/a	US$1.10m

No more companies available in this PB range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: HEVI is good value based on its Price-To-Book Ratio (1.2x) compared to the Canadian Chemicals industry average (1.2x).

Price to Book Ratio vs Fair Ratio

What is HEVI'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.

HEVI PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate HEVI'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?

Analyst Forecast: Insufficient data to show price forecast.

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