Founders Metals Valuation

Is 9DL0 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

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 9DL0 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 9DL0's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 9DL0's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 9DL0?

Key metric: As 9DL0 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 9DL0. This is calculated by dividing 9DL0's market cap by their current book value.
What is 9DL0's PB Ratio?
PB Ratio	11.8x
Book	CA$30.34m
Market Cap	CA$338.49m

9DL0 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	n/a
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does 9DL0's PB Ratio compare to its peers?

The above table shows the PB ratio for 9DL0 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.2x
02P Pearl Gold	0.7x	n/a	€10.8m
EIS Eisen- und Hüttenwerke	2.2x	n/a	€220.0m
UZU Uzin Utz	1x	2.1%	€250.2m
SIM0 SIMONA	0.9x	n/a	€357.0m
9DL0 Founders Metals	11.8x	n/a	€338.5m

Price-To-Book vs Peers: 9DL0 is expensive based on its Price-To-Book Ratio (11.8x) compared to the peer average (1.2x).

Price to Book Ratio vs Industry

How does 9DL0's PB Ratio compare vs other companies in the European Metals and Mining Industry?

22 Companies	Price / Book	Estimated Growth	Market Cap

22 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: 9DL0 is expensive based on its Price-To-Book Ratio (11.8x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is 9DL0'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.

9DL0 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	11.8x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 9DL0'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?

The above table shows the analyst 9DL0 forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€2.54	€3.18 +25.4%	15.8%	€3.69	€2.68	n/a	2
Nov ’25	€2.56	€3.18 +24.3%	15.8%	€3.69	€2.68	n/a	2
Oct ’25	€1.73	€2.45 +41.7%	8.4%	€2.66	€2.24	n/a	2
Sep ’25	€1.78	€2.48 +39.4%	8.4%	€2.69	€2.27	n/a	2
Aug ’25	€1.82	€2.48 +36.4%	8.4%	€2.69	€2.27	n/a	2
Jul ’25	€1.22	€2.50 +104.5%	9.4%	€2.73	€2.26	n/a	2
Jun ’25	€1.18	€2.40 +103.2%	14.3%	€2.74	€2.06	n/a	2
May ’25	€1.07	€2.40 +124.1%	14.3%	€2.74	€2.06	n/a	2

Analyst Forecast: Target price is less than 20% higher than the current share price.