Manhattan Corporation Limited

DB:32U Stock Report

Market Cap: €5.5m

Manhattan Valuation

Is 32U 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 32U when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 32U's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 32U's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for 32U?

Key metric: As 32U 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 32U. This is calculated by dividing 32U's market cap by their current book value.
What is 32U's PB Ratio?
PB Ratio0.7x
BookAU$12.33m
Market CapAU$9.00m

Price to Book Ratio vs Peers

How does 32U's PB Ratio compare to its peers?

The above table shows the PB ratio for 32U vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average16.9x
02P Pearl Gold
0.8xn/a€10.0m
W2C IberAmerican Lithium
27.6xn/a€821.3k
PNX Pasinex Resources
35.8xn/a€1.4m
3330 Decheng Technology
3.2xn/a€1.9m
32U Manhattan
0.7xn/a€9.0m

Price-To-Book vs Peers: 32U is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (16.8x).


Price to Book Ratio vs Industry

How does 32U's PB Ratio compare vs other companies in the European Metals and Mining Industry?

24 CompaniesPrice / BookEstimated GrowthMarket Cap
32U 0.7xIndustry Avg. 0.9xNo. of Companies27PB00.61.21.82.43+
24 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 32U is good value based on its Price-To-Book Ratio (0.7x) compared to the European Metals and Mining industry average (0.9x).


Price to Book Ratio vs Fair Ratio

What is 32U'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.

32U PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 32U'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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