NuLegacy Gold Valuation

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

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

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

Key Valuation Metric

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

Key metric: As NUG 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 NUG. This is calculated by dividing NUG's market cap by their current book value.
What is NUG's PB Ratio?
PB Ratio	0.08x
Book	CA$46.13m
Market Cap	CA$3.62m

NUG 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 NUG's PB Ratio compare to its peers?

The above table shows the PB ratio for NUG 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	0.6x
IMCX Interra Copper	0.6x	n/a	CA$3.6m
JUB.H Jubilee Gold Exploration	0.5x	n/a	CA$3.6m
NSG Northstar Gold	0.8x	n/a	CA$3.7m
KLDC Kirkland Lake Discoveries	0.3x	n/a	CA$3.5m
NUG NuLegacy Gold	0.08x	n/a	CA$3.6m

Price-To-Book vs Peers: NUG is good value based on its Price-To-Book Ratio (0.1x) compared to the peer average (1.8x).

Price to Book Ratio vs Industry

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

90 Companies	Price / Book	Estimated Growth	Market Cap
Industry Avg.	1.4x	41.3%
NUG NuLegacy Gold	0.08x	n/a	US$2.59m
S Sherritt International	0.1x	n/a	US$49.74m
WM Wallbridge Mining	0.2x	n/a	US$46.71m

90 Companies		Estimated Growth	Market Cap
Industry Avg.	1.4x	41.3%
NUG NuLegacy Gold	0.08x	n/a	US$2.59m

No more companies

Price-To-Book vs Industry: NUG is good value based on its Price-To-Book Ratio (0.1x) compared to the Canadian Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is NUG'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.

NUG PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.08x
Fair PB Ratio	n/a

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