Blackstone Minerals Limited

DB:B9S Stock Report

Market Cap: €8.9m

Blackstone Minerals Valuation

Is B9S undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 B9S when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate B9S's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate B9S's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for B9S?

Key metric: As B9S 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 B9S. This is calculated by dividing B9S's market cap by their current book value.
What is B9S's PB Ratio?
PB Ratio0.7x
BookAU$20.06m
Market CapAU$14.33m

Price to Book Ratio vs Peers

How does B9S's PB Ratio compare to its peers?

The above table shows the PB ratio for B9S vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average25.5x
W2C IberAmerican Lithium
14xn/a€1.0m
PNX Pasinex Resources
33.7xn/a€1.4m
M0LY Greenland Resources
53.3xn/a€78.4m
02P Pearl Gold
0.9xn/a€11.3m
B9S Blackstone Minerals
0.7xn/a€14.3m

Price-To-Book vs Peers: B9S is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (25.5x).

Price to Book Ratio vs Industry

How does B9S's PB Ratio compare vs other companies in the European Metals and Mining Industry?

22 CompaniesPrice / BookEstimated GrowthMarket Cap
B9S 0.7xIndustry Avg. 0.9xNo. of Companies26PB00.61.21.82.43+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: B9S is good value based on its Price-To-Book Ratio (0.7x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is B9S'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.

B9S PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate B9S'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 B9S forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.0095
€0.21
+2,064.4%
34.3%€0.28€0.14n/a2
Nov ’25€0.013
€0.20
+1,416.3%
34.3%€0.27€0.13n/a2
Oct ’25€0.014
€0.20
+1,362.2%
34.3%€0.27€0.13n/a2
Sep ’25€0.019
€0.20
+977.4%
34.3%€0.27€0.13n/a2
Aug ’25€0.015
€0.20
+1,264.7%
34.3%€0.27€0.13n/a2
Jul ’25€0.022
€0.20
+830.5%
34.3%€0.27€0.13n/a2
Oct ’24€0.069
€0.44
+545.0%
27.6%€0.56€0.27€0.0143
Sep ’24€0.067
€0.44
+557.5%
27.6%€0.56€0.27€0.0193
Aug ’24€0.065
€0.44
+579.8%
27.6%€0.56€0.27€0.0153
Jul ’24€0.063
€0.44
+601.4%
27.6%€0.56€0.27€0.0223
Jun ’24€0.08
€0.44
+455.1%
27.6%€0.56€0.27€0.0293
May ’24€0.095
€0.44
+366.1%
27.6%€0.56€0.27€0.0263
Apr ’24€0.11
€0.52
+391.6%
6.7%€0.57€0.50€0.0313

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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