Critical Elements Lithium Corporation

DB:F12 Stock Report

Market Cap: €60.6m

Critical Elements Lithium Valuation

Is F12 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-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 F12 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: F12 (€0.25) is trading below our estimate of fair value (€7.22)

Significantly Below Fair Value: F12 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for F12?

Key metric: As F12 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 F12. This is calculated by dividing F12's market cap by their current book value.
What is F12's PB Ratio?
PB Ratio1.2x
BookCA$73.56m
Market CapCA$89.32m

Price to Book Ratio vs Peers

How does F12's PB Ratio compare to its peers?

The above table shows the PB ratio for F12 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average28.2x
M0LY Greenland Resources
45.3xn/a€69.4m
W2C IberAmerican Lithium
27.6xn/a€821.3k
PNX Pasinex Resources
35.8xn/a€1.4m
BNN BRAIN Biotech
4.3x71.5%€69.9m
F12 Critical Elements Lithium
1.2x116.9%€89.3m

Price-To-Book vs Peers: F12 is good value based on its Price-To-Book Ratio (1.2x) compared to the peer average (28.2x).

Price to Book Ratio vs Industry

How does F12's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 CompaniesPrice / BookEstimated GrowthMarket Cap
F12 1.2xIndustry Avg. 0.9xNo. of Companies28PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: F12 is expensive based on its Price-To-Book Ratio (1.2x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is F12'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.

F12 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate F12'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 F12 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.25
€2.06
+724.0%
50.6%€3.84€0.67n/a5
Nov ’25€0.34
€2.06
+499.4%
50.6%€3.84€0.67n/a5
Oct ’25€0.30
€1.93
+544.6%
51.0%€3.83€0.67n/a6
Sep ’25€0.26
€1.93
+649.5%
51.0%€3.83€0.67n/a6
Aug ’25€0.32
€1.93
+495.9%
51.0%€3.83€0.67n/a6
Jul ’25€0.48
€2.04
+327.5%
42.4%€3.88€1.01n/a7
Jun ’25€0.56
€2.04
+266.8%
42.4%€3.88€1.01n/a7
May ’25€0.67
€2.12
+216.6%
41.0%€3.93€1.02n/a7
Apr ’25€0.41
€2.43
+489.0%
32.8%€3.95€1.03n/a7
Mar ’25€0.45
€2.43
+439.3%
32.8%€3.95€1.03n/a7
Feb ’25€0.42
€2.43
+477.1%
32.8%€3.95€1.03n/a7
Jan ’25€0.63
€2.61
+318.2%
21.5%€3.93€2.22n/a7
Dec ’24€0.71
€2.62
+269.2%
21.7%€3.85€2.18n/a6
Nov ’24€0.95
€2.84
+199.8%
21.8%€3.92€2.21€0.346
Oct ’24€1.23
€2.88
+133.4%
18.8%€3.89€2.20€0.307
Sep ’24€1.01
€2.88
+184.6%
18.8%€3.89€2.20€0.267
Aug ’24€1.19
€3.21
+170.4%
20.3%€4.14€2.24€0.325
Jul ’24€1.19
€3.36
+182.5%
17.7%€4.18€2.26€0.487
Jun ’24€1.24
€3.31
+167.9%
19.2%€4.15€2.25€0.566
May ’24€1.53
€3.18
+108.3%
18.7%€4.13€2.24€0.678
Apr ’24€1.68
€3.18
+89.7%
18.7%€4.13€2.24€0.418
Mar ’24€1.94
€3.18
+63.7%
18.7%€4.13€2.24€0.458
Feb ’24€1.78
€3.04
+71.0%
20.8%€4.11€2.23€0.428
Jan ’24€1.42
€2.95
+108.6%
17.0%€3.99€2.36€0.637
Dec ’23€1.53
€2.95
+93.1%
17.0%€3.99€2.36€0.717
Nov ’23€1.46
€2.88
+97.3%
9.6%€3.32€2.58€0.955

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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