Santacruz Silver Mining Valuation

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

SCZ (CA$0.28) is trading below our estimate of [[fair value]] (CA$0.41)

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: SCZ (CA$0.28) is trading below our estimate of fair value (CA$0.41)

Significantly Below Fair Value: SCZ is trading below fair value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for SCZ. This is calculated by dividing SCZ's market cap by their current earnings.
What is SCZ's PE Ratio?
PE Ratio	0.5x
Earnings	US$142.54m
Market Cap	US$71.37m

SCZ 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	0.3x
Enterprise Value/EBITDA	2.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for SCZ 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	23.1x
HI Highland Copper	2.1x	n/a	CA$66.3m
GEO Geodrill	11.7x	n/a	CA$136.3m
LITH Lithium Chile	14.3x	n/a	CA$125.9m
SMT Sierra Metals	64.4x	n/a	CA$137.6m
SCZ Santacruz Silver Mining	0.5x	n/a	CA$99.6m

Price-To-Earnings vs Peers: SCZ is good value based on its Price-To-Earnings Ratio (0.5x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

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

42 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	13.5x	40.3%
SCZ Santacruz Silver Mining	0.5x	n/a	US$71.33m
IMG IAMGOLD	4.5x	-11.3%	US$3.19b
SLI Standard Lithium	2.8x	n/a	US$300.54m

42 Companies		Estimated Growth	Market Cap
Industry Avg.	13.5x	40.3%
SCZ Santacruz Silver Mining	0.5x	n/a	US$71.33m

No more companies

Price-To-Earnings vs Industry: SCZ is good value based on its Price-To-Earnings Ratio (0.5x) compared to the Canadian Metals and Mining industry average (13.5x).

Price to Earnings Ratio vs Fair Ratio

What is SCZ'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.

SCZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	0.5x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate SCZ's Price-To-Earnings 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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