Gold Road Resources Limited

DB:E6Q Stock Report

Market Cap: €1.4b

Gold Road Resources Valuation

Is E6Q undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • 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 E6Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: E6Q (€1.25) is trading below our estimate of fair value (€2.31)

Significantly Below Fair Value: E6Q is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for E6Q?

Key metric: As E6Q is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for E6Q. This is calculated by dividing E6Q's market cap by their current earnings.
What is E6Q's PE Ratio?
PE Ratio22x
EarningsAU$103.08m
Market CapAU$2.27b

Price to Earnings Ratio vs Peers

How does E6Q's PE Ratio compare to its peers?

The above table shows the PE ratio for E6Q vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.6x
NDA Aurubis
7.7x-5.3%€3.2b
SDF K+S
75.7x57.3%€1.9b
STO3 Sto SE KGaA
10.6x3.5%€697.9m
ACT AlzChem Group
12.4x12.8%€618.7m
E6Q Gold Road Resources
22x21.1%€2.3b

Price-To-Earnings vs Peers: E6Q is good value based on its Price-To-Earnings Ratio (22x) compared to the peer average (27.1x).

Price to Earnings Ratio vs Industry

How does E6Q's PE Ratio compare vs other companies in the European Metals and Mining Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
E6Q 22.0xIndustry Avg. 12.1xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: E6Q is expensive based on its Price-To-Earnings Ratio (22x) compared to the European Metals and Mining industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is E6Q'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.

E6Q PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio22x
Fair PE Ratio18.3x

Price-To-Earnings vs Fair Ratio: E6Q is expensive based on its Price-To-Earnings Ratio (22x) compared to the estimated Fair Price-To-Earnings Ratio (18.3x).

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 E6Q forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.25
€1.38
+10.7%
9.4%€1.53€1.05n/a11
Jan ’26€1.21
€1.39
+14.9%
9.4%€1.55€1.07n/a11
Dec ’25€1.18
€1.36
+15.7%
10.4%€1.54€1.08n/a11
Nov ’25€1.17
€1.33
+13.9%
10.0%€1.51€1.06n/a12
Oct ’25€1.02
€1.22
+19.2%
9.6%€1.35€0.98n/a12
Sep ’25€0.98
€1.17
+19.3%
11.5%€1.34€0.91n/a13
Aug ’25€1.01
€1.16
+15.4%
13.1%€1.42€0.90n/a13
Jul ’25€1.06
€1.21
+14.0%
13.4%€1.58€0.93n/a13
Jun ’25€0.98
€1.16
+18.5%
11.2%€1.35€0.92n/a13
May ’25€0.99
€1.13
+14.3%
15.2%€1.40€0.79n/a13
Apr ’25€0.93
€1.04
+12.8%
13.9%€1.30€0.78n/a13
Mar ’25€0.92
€1.03
+12.5%
14.1%€1.29€0.78n/a13
Feb ’25€0.87
€1.05
+20.5%
13.4%€1.22€0.79n/a12
Jan ’25€1.19
€1.21
+2.3%
9.1%€1.38€1.01€1.2112
Dec ’24€1.14
€1.20
+5.9%
9.5%€1.37€0.97€1.1812
Nov ’24€1.17
€1.18
+1.1%
10.0%€1.35€0.96€1.1711
Oct ’24€0.97
€1.14
+18.2%
11.8%€1.33€0.91€1.0211
Sep ’24€1.02
€1.13
+10.9%
11.8%€1.31€0.89€0.9810
Aug ’24€1.01
€1.13
+12.4%
12.1%€1.35€0.90€1.0110
Jul ’24€0.90
€1.15
+27.8%
13.8%€1.39€0.86€1.069
Jun ’24€1.10
€1.18
+7.5%
12.6%€1.42€0.91€0.989
May ’24€1.12
€1.18
+5.1%
12.6%€1.42€0.91€0.999
Apr ’24€1.01
€1.12
+10.1%
9.7%€1.27€0.93€0.938
Mar ’24€0.95
€1.14
+20.2%
11.0%€1.31€0.96€0.928
Feb ’24€1.02
€1.17
+14.5%
10.6%€1.33€0.97€0.878
Jan ’24€1.07
€1.14
+7.1%
6.9%€1.32€1.03€1.198

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/07 22:27
End of Day Share Price 2025/01/07 00:00
Earnings2024/06/30
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 here.

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 .

Analyst Sources

Gold Road Resources Limited is covered by 22 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Russell WrightBarclay Pearce Capital Pty Limited
Daniel MorganBarrenjoey Markets Pty Limited
Mollie UrquhartBarrenjoey Markets Pty Limited