Allkem Limited

DB:3O10 Stock Report

Market Cap: €3.9b

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This company may still be operating, however this listing is no longer active. Find out why through their latest events.

Allkem Valuation

Is 3O10 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • 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 3O10 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 3O10 (€5.79) is trading below our estimate of fair value (€10.7)

Significantly Below Fair Value: 3O10 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 3O10?

Key metric: As 3O10 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 3O10. This is calculated by dividing 3O10's market cap by their current earnings.
What is 3O10's PE Ratio?
PE Ratio9.5x
EarningsUS$444.99m
Market CapUS$4.23b

Price to Earnings Ratio vs Peers

How does 3O10's PE Ratio compare to its peers?

The above table shows the PE ratio for 3O10 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average19x
NDA Aurubis
7.4x-5.3%€3.1b
PLS Pilbara Minerals
25.7x28.6%AU$6.6b
FPE3 Fuchs
17.6x8.6%€4.7b
WCH Wacker Chemie
25.3x35.4%€3.2b
3O10 Allkem
9.5x5.0%€6.3b

Price-To-Earnings vs Peers: 3O10 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the peer average (12.1x).

Price to Earnings Ratio vs Industry

How does 3O10's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
3O10 9.5xIndustry Avg. 12.2xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 3O10 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the European Metals and Mining industry average (10.1x).

Price to Earnings Ratio vs Fair Ratio

What is 3O10'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.

3O10 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.5x
Fair PE Ratio14.3x

Price-To-Earnings vs Fair Ratio: 3O10 is good value based on its Price-To-Earnings Ratio (9.5x) compared to the estimated Fair Price-To-Earnings Ratio (14.3x).

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 3O10 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Currentn/a
€8.20
0%
22.8%€11.41€5.24n/a12
Jan ’26n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Dec ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Nov ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Oct ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Sep ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Aug ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Jul ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Jun ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
May ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Apr ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Mar ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Feb ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Jan ’25n/a
€8.20
0%
22.8%€11.41€5.24n/a12
Dec ’24€5.35
€8.67
+62.0%
22.4%€12.97€5.16n/a18
Nov ’24€5.50
€9.01
+63.8%
17.5%€12.81€6.53n/a18
Oct ’24€7.14
€10.19
+42.8%
15.0%€12.99€6.57n/a18
Sep ’24€8.29
€10.41
+25.6%
11.8%€12.68€8.43n/a18
Aug ’24€8.95
€10.70
+19.5%
11.8%€12.97€8.75n/a18
Jul ’24€9.92
€10.50
+5.8%
12.8%€13.18€8.63n/a18
Jun ’24€8.84
€10.13
+14.6%
15.1%€13.06€7.88n/a19
May ’24€7.30
€9.24
+26.5%
16.8%€12.18€7.62n/a20
Apr ’24€7.36
€9.81
+33.3%
15.6%€12.33€6.78n/a19
Mar ’24€7.48
€10.12
+35.4%
17.1%€12.67€6.97n/a19
Feb ’24€8.66
€10.69
+23.5%
17.4%€13.07€7.19n/a19
Jan ’24€7.11
€10.61
+49.2%
18.2%€13.82€6.78n/a19

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/01/06 19:48
End of Day Share Price 2023/12/21 00:00
Earnings2023/06/30
Annual Earnings2023/06/30

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 here.

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 world class team 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 .

Analyst Sources

Allkem Limited is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Joel JacksonBMO Capital Markets Equity Research
James RedfernBofA Global Research
Jonathan HykawyByron Capital Markets