Serabi Gold plc

DB:B9O2 Stock Report

Market Cap: €81.9m

Serabi Gold Valuation

Is B9O2 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 B9O2 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: B9O2 (€1.07) is trading below our estimate of fair value (€9.51)

Significantly Below Fair Value: B9O2 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B9O2?

Key metric: As B9O2 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for B9O2. This is calculated by dividing B9O2's market cap by their current earnings.
What is B9O2's PE Ratio?
PE Ratio7.9x
EarningsUS$10.82m
Market CapUS$85.67m

Price to Earnings Ratio vs Peers

How does B9O2's PE Ratio compare to its peers?

The above table shows the PE ratio for B9O2 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13.4x
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
NTG Nabaltec
9.2x5.8%€122.8m
2HRA H&R GmbH KGaA
13.3x34.4%€127.3m
DLX Delignit
12.5x25.1%€23.8m
B9O2 Serabi Gold
7.9x45.0%€68.2m

Price-To-Earnings vs Peers: B9O2 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the peer average (13.4x).

Price to Earnings Ratio vs Industry

How does B9O2's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
B9O2 7.9xIndustry Avg. 11.8xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: B9O2 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the European Metals and Mining industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is B9O2'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.

B9O2 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio7.9x
Fair PE Ratio26.5x

Price-To-Earnings vs Fair Ratio: B9O2 is good value based on its Price-To-Earnings Ratio (7.9x) compared to the estimated Fair Price-To-Earnings Ratio (26.5x).

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 B9O2 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.07
€1.51
+40.8%
11.8%€1.68€1.33n/a2
Nov ’25€1.04
€1.38
+33.1%
4.1%€1.44€1.33n/a2
Oct ’25€0.87
€1.37
+57.4%
5.1%€1.44€1.30n/a2
Sep ’25€0.81
€1.37
+67.7%
4.3%€1.43€1.31n/a2
Aug ’25€0.84
€1.35
+61.2%
5.4%€1.43€1.28n/a2
Jul ’25€0.77
€1.36
+76.9%
4.1%€1.42€1.31n/a2
Jun ’25€0.76
€1.26
+67.5%
2.3%€1.29€1.24n/a2
May ’25€0.76
€1.11
+46.8%
16.2%€1.29€0.93n/a2
Apr ’25€0.78
€0.90
+16.5%
3.5%€0.93€0.87n/a2
Mar ’25€0.59
€0.91
+53.0%
3.0%€0.94€0.88n/a2
Feb ’25€0.59
€0.91
+54.3%
3.0%€0.94€0.88n/a2
Jan ’25€0.47
€0.89
+88.2%
2.3%€0.91€0.87n/a2
Nov ’24€0.38
€0.86
+129.3%
0.2%€0.86€0.86€1.042
Oct ’24€0.29
€0.88
+201.0%
0.5%€0.88€0.87€0.872
Sep ’24€0.27
€0.88
+228.3%
0.3%€0.88€0.88€0.812
Aug ’24€0.30
€0.82
+174.7%
6.3%€0.88€0.77€0.842
Jul ’24€0.29
€0.82
+181.1%
5.7%€0.86€0.77€0.772
Jun ’24€0.30
€0.86
+184.0%
0.7%€0.87€0.86€0.762
May ’24€0.31
€0.85
+173.0%
0.7%€0.85€0.84€0.762
Apr ’24€0.33
€0.84
+154.6%
0.5%€0.84€0.84€0.782
Mar ’24€0.34
€0.85
+149.3%
0.7%€0.85€0.84€0.592
Feb ’24€0.40
€0.85
+110.8%
0.7%€0.85€0.84€0.592
Jan ’24€0.32
€0.85
+162.6%
2.7%€0.87€0.83€0.472
Dec ’23€0.28
€0.82
+191.8%
0.07%€0.82€0.82€0.392
Nov ’23€0.26
€0.82
+218.9%
0.07%€0.82€0.82€0.382

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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