BCI Minerals Limited

DB:BC3 Stock Report

Market Cap: €504.2m

BCI Minerals Valuation

Is BC3 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • 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 BC3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate BC3's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate BC3's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BC3?

Key metric: As BC3 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 BC3. This is calculated by dividing BC3's market cap by their current book value.
What is BC3's PB Ratio?
PB Ratio1x
BookAU$805.22m
Market CapAU$807.99m

Price to Book Ratio vs Peers

How does BC3's PB Ratio compare to its peers?

The above table shows the PB ratio for BC3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.4x
SZG Salzgitter
0.2x93.9%€942.2m
EIS Eisen- und Hüttenwerke
2.1xn/a€202.4m
TKA thyssenkrupp
0.2x126.6%€2.4b
ACT AlzChem Group
3.2x12.6%€606.5m
BC3 BCI Minerals
1x24.4%€808.0m

Price-To-Book vs Peers: BC3 is good value based on its Price-To-Book Ratio (1x) compared to the peer average (1.4x).

Price to Book Ratio vs Industry

How does BC3's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 CompaniesPrice / BookEstimated GrowthMarket Cap
BC3 1.0xIndustry Avg. 0.9xNo. of Companies26PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: BC3 is expensive based on its Price-To-Book Ratio (1x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is BC3'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.

BC3 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate BC3'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 BC3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.16
€0.28
+72.6%
5.4%€0.30€0.27n/a2
Nov ’25€0.18
€0.28
+58.1%
5.4%€0.30€0.27n/a2
Oct ’25€0.17
€0.28
+60.8%
5.4%€0.30€0.27n/a2
Sep ’25€0.14
€0.28
+101.0%
5.4%€0.30€0.27n/a2
Aug ’25€0.14
€0.28
+106.9%
5.4%€0.30€0.27n/a2
Jul ’25€0.13
€0.29
+117.1%
5.4%€0.30€0.27n/a2
Apr ’25€0.13
€0.24
+90.6%
7.3%€0.26€0.23n/a2
Mar ’25€0.13
€0.24
+82.0%
7.3%€0.26€0.23n/a2
Feb ’25€0.16
€0.24
+51.5%
7.3%€0.26€0.23n/a2
Jan ’25€0.17
€0.24
+46.1%
7.3%€0.26€0.23n/a2
Dec ’24€0.15
€0.24
+60.5%
7.3%€0.26€0.23n/a2
Nov ’24€0.16
€0.24
+53.4%
7.3%€0.26€0.23€0.182
Oct ’24€0.15
€0.24
+62.6%
7.3%€0.26€0.23€0.172
Sep ’24€0.16
€0.21
+29.5%
8.6%€0.23€0.19€0.142
Aug ’24€0.15
€0.21
+39.7%
8.6%€0.23€0.20€0.142
Jul ’24€0.13
€0.21
+60.1%
7.2%€0.23€0.20€0.132
Jun ’24€0.13
€0.24
+88.2%
21.0%€0.30€0.19€0.132
May ’24€0.13
€0.24
+88.2%
21.0%€0.30€0.19€0.132
Apr ’24€0.14
€0.27
+96.1%
16.7%€0.32€0.23€0.132
Mar ’24€0.16
€0.27
+66.2%
16.7%€0.32€0.23€0.132
Feb ’24€0.18
€0.31
+70.8%
3.2%€0.32€0.30€0.162
Jan ’24€0.16
€0.31
+88.6%
3.2%€0.32€0.30€0.172
Dec ’23€0.16
€0.31
+97.1%
3.2%€0.32€0.30€0.152
Nov ’23€0.14
€0.31
+122.8%
3.2%€0.32€0.30€0.162

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.

Discover undervalued companies

Compañía de Minas BuenaventuraA

US$3.1b

Engages in the exploration, development, construction, and operation of mineral processing business.

MBU

US$11.70

7D

0%

1Y

41.0%

Stanmore Resources

AU$2.8b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

S0D

AU$1.91

7D

4.9%

1Y

-15.5%

Arkema

€5.7b

Manufactures and sells specialty chemicals and advanced materials worldwide.

V1S

€74.55

7D

-4.4%

1Y

-19.9%