Central Asia Metals plc

DB:9C3 Stock Report

Market Cap: €340.3m

Central Asia Metals Valuation

Is 9C3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

6/6

Valuation Score 6/6

  • 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 9C3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 9C3 (€1.91) is trading below our estimate of fair value (€7.22)

Significantly Below Fair Value: 9C3 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9C3?

Key metric: As 9C3 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 9C3. This is calculated by dividing 9C3's market cap by their current earnings.
What is 9C3's PE Ratio?
PE Ratio8.9x
EarningsUS$40.52m
Market CapUS$359.13m

Price to Earnings Ratio vs Peers

How does 9C3's PE Ratio compare to its peers?

The above table shows the PE ratio for 9C3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average12.2x
NDA Aurubis
8.8x-6.2%€3.3b
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
SIM0 SIMONA
11.1xn/a€342.0m
UZU Uzin Utz
10.5x2.1%€251.2m
9C3 Central Asia Metals
8.9x15.0%€283.6m

Price-To-Earnings vs Peers: 9C3 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the peer average (12.2x).

Price to Earnings Ratio vs Industry

How does 9C3's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
9C3 8.9xIndustry Avg. 11.1xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 9C3 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the European Metals and Mining industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is 9C3'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.

9C3 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.9x
Fair PE Ratio13.1x

Price-To-Earnings vs Fair Ratio: 9C3 is good value based on its Price-To-Earnings Ratio (8.9x) compared to the estimated Fair Price-To-Earnings Ratio (13.1x).

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 9C3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.91
€3.05
+59.5%
12.9%€3.52€2.57n/a5
Nov ’25€2.06
€3.02
+46.6%
11.2%€3.42€2.52n/a6
Oct ’25€2.32
€3.03
+30.5%
10.1%€3.46€2.54n/a6
Sep ’25€2.20
€3.05
+38.9%
11.1%€3.52€2.56n/a6
Aug ’25€2.26
€3.08
+36.2%
12.1%€3.57€2.48n/a6
Jul ’25€2.36
€3.09
+31.0%
10.8%€3.54€2.52n/a6
Jun ’25€2.56
€3.02
+18.1%
12.5%€3.53€2.50n/a6
May ’25€2.42
€2.89
+19.3%
14.0%€3.49€2.52n/a7
Apr ’25€2.28
€2.83
+24.0%
17.4%€3.50€2.11n/a7
Mar ’25€1.81
€2.78
+53.8%
15.8%€3.40€2.10n/a7
Feb ’25€1.88
€2.79
+48.6%
15.8%€3.41€2.11n/a7
Jan ’25€2.08
€2.76
+32.5%
18.1%€3.42€2.01n/a7
Dec ’24€1.89
€2.82
+49.0%
17.9%€3.50€2.06n/a7
Nov ’24€1.84
€2.82
+53.0%
17.9%€3.50€2.06€2.067
Oct ’24€2.12
€3.01
+42.0%
14.4%€3.58€2.27€2.327
Sep ’24€2.34
€3.15
+34.6%
16.8%€3.91€2.20€2.207
Aug ’24€2.16
€3.17
+46.7%
11.5%€3.79€2.69€2.267
Jul ’24€2.10
€3.22
+53.2%
11.2%€3.67€2.75€2.367
Jun ’24€2.12
€3.31
+56.3%
11.0%€3.74€2.82€2.567
May ’24€2.30
€3.36
+46.1%
10.6%€3.86€2.83€2.426
Apr ’24€2.64
€3.38
+27.9%
10.5%€3.84€2.82€2.286
Mar ’24€3.30
€3.55
+7.6%
10.9%€3.94€2.78€1.816
Feb ’24€3.26
€3.43
+5.3%
11.0%€3.86€2.72€1.886
Jan ’24€2.76
€3.34
+20.9%
10.1%€3.85€2.76€2.086
Dec ’23€2.84
€3.45
+21.7%
8.0%€3.88€3.13€1.897
Nov ’23€2.46
€3.53
+43.5%
9.3%€4.12€3.18€1.847

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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