Sigma Lithium Corporation

TSXV:SGML Stock Report

Market Cap: CA$1.6b

Sigma Lithium Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: SGML (CA$13.89) is trading below our estimate of future cash flow value (CA$17.18)

Significantly Below Future Cash Flow Value: SGML is trading below future cash flow value, but not by a significant amount.

Key Valuation Metric

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

Key metric: As SGML is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SGML. This is calculated by dividing SGML's market cap by their current revenue.
What is SGML's PS Ratio?
PS Ratio8x
SalesUS$142.49m
Market CapUS$1.19b

Price to Sales Ratio vs Peers

How does SGML's PS Ratio compare to its peers?

The above table shows the PS ratio for SGML vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average6.9x
MDI Major Drilling Group International
1.4x12.54%CA$1.4b
VMET Versamet Royalties
14.4x32.64%CA$1.6b
USA Americas Gold and Silver
9.5x32.26%CA$2.5b
SCZ Santacruz Silver Mining
2.1x14.44%CA$1.3b
SGML Sigma Lithium
8x35.17%CA$1.2b

Price-To-Sales vs Peers: SGML is expensive based on its Price-To-Sales Ratio (8x) compared to the peer average (6.9x).

Historical Price to Sales Ratio

Historical Price to Sales Ratio compares a stock's price to its sales over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Sales Ratio vs Industry

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

86 CompaniesPrice / SalesEstimated GrowthMarket Cap
CS Capstone Copper
3x10.15%US$8.85b
BTO B2Gold
1.9x13.08%US$7.31b
OGC OceanaGold
2.7x1.09%US$6.90b
TXG Torex Gold Resources
2.5x4.50%US$4.68b
SGML 8.0xIndustry Avg. 5.7xNo. of Companies86PS01224364860+
86 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SGML is expensive based on its Price-To-Sales Ratio (8x) compared to the Canadian Metals and Mining industry average (5.7x).

Price to Sales Ratio vs Fair Ratio

What is SGML's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SGML PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio8x
Fair PS Ratio11.2x

Price-To-Sales vs Fair Ratio: SGML is good value based on its Price-To-Sales Ratio (8x) compared to the estimated Fair Price-To-Sales Ratio (11.2x).

Analyst Price Targets

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

The above table shows the analyst SGML forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$13.89
CA$27.35
+96.87%
1.27%CA$27.69CA$27.00n/a2
Sep ’27CA$16.89
CA$27.35
+61.90%
1.27%CA$27.69CA$27.00n/a2
Aug ’27CA$13.76
CA$29.05
+111.10%
3.03%CA$29.93CA$28.17n/a2
Jul ’27CA$18.01
CA$29.25
+62.42%
3.03%CA$30.14CA$28.37n/a2
Jun ’27CA$22.81
CA$28.35
+24.27%
3.03%CA$29.20CA$27.49n/a2
May ’27CA$29.85
CA$25.29
-15.29%
5.66%CA$27.14CA$23.66n/a3
Apr ’27CA$16.46
CA$23.89
+45.11%
13.52%CA$27.13CA$19.48n/a3
Mar ’27CA$19.92
CA$23.52
+18.09%
13.52%CA$26.72CA$19.18n/a3
Feb ’27CA$15.05
CA$23.54
+56.41%
13.52%CA$26.74CA$19.20n/a3
Jan ’27CA$18.05
CA$17.90
-0.82%
15.38%CA$20.66CA$15.15n/a2
Dec ’26CA$16.15
CA$14.82
-8.26%
4.76%CA$15.52CA$14.11n/a2
Nov ’26CA$9.04
CA$13.30
+47.11%
26.32%CA$16.80CA$9.80n/a2
May ’26CA$11.41
CA$22.83
+100.06%
9.09%CA$24.90CA$20.75CA$29.852
Apr ’26CA$14.53
CA$24.32
+67.41%
5.88%CA$25.76CA$22.89CA$16.462
Mar ’26CA$16.35
CA$24.33
+48.81%
5.88%CA$25.76CA$22.90CA$19.922
Feb ’26CA$15.63
CA$24.71
+58.11%
5.88%CA$26.17CA$23.26CA$15.052
Jan ’26CA$16.09
CA$32.20
+100.14%
11.11%CA$35.78CA$28.62CA$18.052
Dec ’25CA$18.99
CA$31.53
+66.04%
11.11%CA$35.03CA$28.03CA$16.152
Nov ’25CA$19.21
CA$32.22
+67.74%
14.89%CA$37.02CA$27.42CA$9.042
Oct ’25CA$17.81
CA$31.78
+78.44%
14.89%CA$36.51CA$27.05CA$9.572
Sep ’25CA$14.59
CA$30.46
+108.78%
14.51%CA$36.71CA$27.19CA$9.143
CA$27.24
Fair Value
49.0% undervalued intrinsic discount
2
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/10 01:00
End of Day Share Price 2026/09/10 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sigma Lithium Corporation is covered by 7 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
MacMurray WhaleATB Cormark
Joel JacksonBMO Capital Markets Equity Research
Rock Hoffman BlaskoBofA Global Research