Route 109 Resources Inc.

TSXV:RTE Stock Report

Market Cap: CA$1.7m

Route 109 Resources Valuation

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

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

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

Key Valuation Metric

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

Key metric: As RTE 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 RTE. This is calculated by dividing RTE's market cap by their current book value.
What is RTE's PB Ratio?
PB Ratio0.1x
BookCA$14.29m
Market CapCA$1.66m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for RTE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.7x
NEV Nevada Sunrise Metals
1xn/aCA$1.7m
SKYG Sky Gold
2xn/aCA$1.6m
WBGD Waraba Gold
3xn/aCA$1.6m
GPO Gold Port
0.8xn/aCA$2.2m
RTE Route 109 Resources
0.1xn/aCA$1.7m

Price-To-Book vs Peers: RTE is good value based on its Price-To-Book Ratio (0.1x) compared to the peer average (1.7x).

Price to Book Ratio vs Industry

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

87 CompaniesPrice / BookEstimated GrowthMarket Cap
Industry Avg.1.4x41.6%
RTE Route 109 Resources
 0.1xn/aUS$1.19m
S Sherritt International
0.1xn/aUS$49.73m
WM Wallbridge Mining
0.2xn/aUS$47.06m
RTE 0.1xIndustry Avg. 1.4xNo. of Companies161PB01.22.43.64.86+
87 CompaniesEstimated GrowthMarket Cap
Industry Avg.1.4x41.6%
RTE Route 109 Resources
 0.1xn/aUS$1.19m
No more companies

Price-To-Book vs Industry: RTE 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 RTE'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.

RTE PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.1x
Fair PB Ration/a

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