Latrobe Magnesium Valuation

Is L2Q 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 L2Q when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate L2Q's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate L2Q's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for L2Q?

Key metric: As L2Q 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 L2Q. This is calculated by dividing L2Q's market cap by their current book value.
What is L2Q's PB Ratio?
PB Ratio	1.4x
Book	AU$41.63m
Market Cap	AU$56.36m

L2Q key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	114.2x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does L2Q's PB Ratio compare to its peers?

The above table shows the PB ratio for L2Q vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	23.3x
M0LY Greenland Resources	47.6x	n/a	€78.4m
W2C IberAmerican Lithium	11.1x	n/a	€1.0m
PNX Pasinex Resources	33.9x	n/a	€1.4m
IBU IBU-tec advanced materials	0.5x	109.4%	€29.0m
L2Q Latrobe Magnesium	1.4x	n/a	€56.4m

Price-To-Book vs Peers: L2Q is good value based on its Price-To-Book Ratio (1.4x) compared to the peer average (23.3x).

Price to Book Ratio vs Industry

How does L2Q's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 Companies	Price / Book	Estimated Growth	Market Cap

23 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: L2Q is expensive based on its Price-To-Book Ratio (1.4x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is L2Q'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.

L2Q PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	1.4x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate L2Q'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?

Analyst Forecast: Insufficient data to show price forecast.

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