Hecla Mining Company

XTRA:HCL Stock Report

Market Cap: €3.3b

Hecla Mining Valuation

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

Below Fair Value: HCL (€5.1) is trading below our estimate of fair value (€64.32)

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

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for HCL. This is calculated by dividing HCL's market cap by their current revenue.
What is HCL's PS Ratio?
PS Ratio4.1x
SalesUS$840.96m
Market CapUS$3.47b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for HCL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
NDA Aurubis
0.2x4.2%€3.3b
TKA thyssenkrupp
0.07x0.8%€2.4b
WCH Wacker Chemie
0.6x5.2%€3.6b
SZG Salzgitter
0.09x2.1%€932.5m
HCL Hecla Mining
4.1x9.0%€3.5b

Price-To-Sales vs Peers: HCL is expensive based on its Price-To-Sales Ratio (4.1x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

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

35 CompaniesPrice / SalesEstimated GrowthMarket Cap
HCL 4.1xIndustry Avg. 0.7xNo. of Companies35PS00.81.62.43.24+
35 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: HCL is expensive based on its Price-To-Sales Ratio (4.1x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is HCL'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.

HCL PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio4.1x
Fair PS Ratio0.9x

Price-To-Sales vs Fair Ratio: HCL is expensive based on its Price-To-Sales Ratio (4.1x) compared to the estimated Fair Price-To-Sales Ratio (0.9x).

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 HCL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.10
€7.60
+48.8%
16.3%€11.04€6.34n/a10
Nov ’25€6.03
€7.38
+22.4%
14.9%€9.49€5.56n/a10
Oct ’25€5.93
€6.85
+15.4%
15.8%€9.17€5.37n/a10
Sep ’25€5.35
€6.78
+26.8%
16.6%€9.39€5.50n/a10
Aug ’25€5.07
€6.87
+35.5%
16.2%€9.42€5.51n/a10
Jul ’25€4.46
€7.00
+56.8%
17.0%€9.60€5.62n/a10
Jun ’25€5.38
€6.81
+26.6%
18.2%€9.49€5.56n/a10
May ’25€4.45
€6.53
+46.7%
21.7%€9.56€4.66n/a10
Apr ’25€4.37
€5.24
+19.9%
20.4%€7.60€3.46n/a10
Mar ’25€3.42
€5.24
+53.4%
20.4%€7.60€3.46n/a10
Feb ’25€3.57
€5.63
+57.8%
18.4%€8.08€3.92n/a10
Jan ’25€4.44
€5.40
+21.7%
20.7%€8.04€3.91n/a11
Dec ’24€4.68
€5.45
+16.5%
21.0%€8.17€3.97n/a11
Nov ’24€3.84
€5.66
+47.5%
21.2%€8.50€4.15€6.0311
Oct ’24€3.70
€5.81
+57.0%
21.1%€8.43€3.75€5.9311
Sep ’24€4.09
€5.95
+45.4%
21.4%€8.56€4.16€5.3510
Aug ’24€5.04
€6.44
+27.8%
17.3%€9.04€4.97€5.0710
Jul ’24€4.71
€6.46
+37.4%
12.3%€7.59€5.29€4.4610
Jun ’24€5.22
€6.58
+26.0%
12.9%€7.72€5.38€5.389
May ’24€5.57
€6.51
+16.8%
12.4%€7.47€5.43€4.458
Apr ’24€5.85
€5.94
+1.6%
9.4%€7.02€5.15€4.378
Mar ’24€4.96
€5.61
+13.2%
10.4%€6.55€4.45€3.428
Feb ’24€5.60
€5.72
+2.1%
11.3%€6.60€4.55€3.578
Jan ’24€5.31
€5.43
+2.4%
13.9%€6.55€4.45€4.449
Dec ’23€5.28
€5.64
+6.9%
15.5%€6.87€4.17€4.689
Nov ’23€4.74
€5.80
+22.3%
15.6%€7.02€4.26€3.849

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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