PT Merdeka Copper Gold Tbk

DB:B0C Stock Report

Market Cap: €2.4b

Merdeka Copper Gold Valuation

Is B0C 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-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 B0C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate B0C's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate B0C's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B0C?

Key metric: As B0C is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for B0C. This is calculated by dividing B0C's market cap by their current revenue.
What is B0C's PS Ratio?
PS Ratio1.1x
SalesUS$2.20b
Market CapUS$2.48b

Price to Sales Ratio vs Peers

How does B0C's PS Ratio compare to its peers?

The above table shows the PS ratio for B0C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.2x
TKA thyssenkrupp
0.08x1.3%€2.9b
NDA Aurubis
0.2x5.0%€3.7b
SDF K+S
0.6x0.8%€2.2b
SZG Salzgitter
0.1x1.2%€1.0b
B0C Merdeka Copper Gold
1.1x11.8%€40.3t

Price-To-Sales vs Peers: B0C is expensive based on its Price-To-Sales Ratio (1.1x) compared to the peer average (0.2x).

Price to Sales Ratio vs Industry

How does B0C's PS Ratio compare vs other companies in the European Metals and Mining Industry?

32 CompaniesPrice / SalesEstimated GrowthMarket Cap
B0C 1.1xIndustry Avg. 0.7xNo. of Companies32PS00.81.62.43.24+
32 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: B0C is expensive based on its Price-To-Sales Ratio (1.1x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is B0C'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.

B0C PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1.1x
Fair PS Ratio0.5x

Price-To-Sales vs Fair Ratio: B0C is expensive based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (0.5x).

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 B0C forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.089
€0.17
+95.2%
18.8%€0.24€0.10n/a17
Feb ’26€0.083
€0.17
+108.2%
18.3%€0.24€0.10n/a17
Jan ’26€0.087
€0.18
+107.6%
14.0%€0.24€0.14n/a17
Dec ’25€0.10
€0.19
+84.3%
9.6%€0.24€0.15n/a17
Nov ’25€0.13
€0.18
+44.0%
9.3%€0.23€0.14n/a17
Oct ’25€0.15
€0.18
+21.7%
9.4%€0.21€0.14n/a15
Sep ’25€0.13
€0.17
+32.3%
13.1%€0.20€0.12n/a13
Aug ’25€0.13
€0.18
+34.6%
13.3%€0.21€0.12n/a13
Jul ’25€0.13
€0.19
+50.2%
25.4%€0.31€0.12n/a13
Jun ’25€0.15
€0.19
+25.4%
25.3%€0.31€0.11n/a14
May ’25€0.14
€0.21
+48.8%
34.2%€0.34€0.11n/a14
Apr ’25€0.12
€0.22
+79.1%
33.5%€0.34€0.11n/a13
Mar ’25€0.12
€0.21
+72.1%
33.1%€0.34€0.11n/a12
Feb ’25€0.14
€0.22
+58.3%
30.5%€0.34€0.11€0.08312
Jan ’25€0.15
€0.23
+55.6%
25.1%€0.33€0.16€0.08714
Dec ’24€0.14
€0.24
+67.4%
23.5%€0.34€0.17€0.1014
Nov ’24€0.12
€0.25
+100.5%
23.8%€0.35€0.15€0.1314
Oct ’24n/a
€0.26
0%
21.3%€0.37€0.17€0.1514
Sep ’24n/a
€0.26
0%
18.9%€0.36€0.17€0.1316
Aug ’24n/a
€0.26
0%
20.1%€0.35€0.17€0.1315
Jul ’24n/a
€0.28
0%
20.7%€0.35€0.17€0.1315
Jun ’24n/a
€0.30
0%
19.5%€0.36€0.17€0.1516
May ’24n/a
€0.32
0%
11.0%€0.40€0.25€0.1416
Apr ’24n/a
€0.33
0%
10.9%€0.40€0.26€0.1216
Mar ’24n/a
€0.34
0%
9.7%€0.41€0.26€0.1216
Feb ’24n/a
€0.33
0%
10.0%€0.40€0.25€0.1415
Analyst Price Target
Consensus Narrative from 17 Analysts
€0.16
Fair Value
43.6% undervalued intrinsic discount
17
Number of Analysts

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 Analysis2025/02/16 01:02
End of Day Share Price 2025/02/14 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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.

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 Github.

Analyst Sources

PT Merdeka Copper Gold Tbk is covered by 33 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Yan ChenChina International Capital Corporation Limited
Tingshuai FengChina International Capital Corporation Limited
Ryan DavisCitigroup Inc