Torque Metals Valuation

Q: What is the Fair Price of L5B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

L5B (€0.18) is trading below our estimate of [[fair value]] (€3.6)

Is L5B 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 L5B when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

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Below Fair Value: L5B (€0.18) is trading below our estimate of fair value (€3.6)

Significantly Below Fair Value: L5B is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for L5B?

Key metric: As L5B barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for L5B. This is calculated by dividing L5B's market cap by their current book value.
What is L5B's PB Ratio?
PB Ratio	3.2x
Book	AU$57.24m
Market Cap	AU$187.69m

L5B 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	963.3x
Enterprise Value/EBITDA	-27.9x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does L5B's PB Ratio compare to its peers?

The above table shows the PB ratio for L5B 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	10.6x
02P Pearl Gold	2.4x	n/a	€20.0m
M0LY Greenland Resources	16.1x	n/a	€118.0m
7M8 EcoRub	21.8x	n/a	€55.2m
IBU IBU-tec advanced materials	2x	38.88%	€99.3m
L5B Torque Metals	3.2x	n/a	€187.7m

Price-To-Book vs Peers: L5B is good value based on its Price-To-Book Ratio (3.2x) compared to the peer average (10.6x).

Historical Price to Book Ratio

Historical Price to Book Ratio compares a stock's price to the book value of it's equity over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Book Ratio vs Industry

How does L5B's PB Ratio compare vs other companies in the European Metals and Mining Industry?

32 Companies	Price / Book	Estimated Growth	Market Cap

32 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: L5B is expensive based on its Price-To-Book Ratio (3.2x) compared to the European Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is L5B'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.

L5B PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	3.2x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate L5B'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 L5B forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€0.17	€0.38 +115.94%	18.52%	€0.45	€0.31	n/a	2
Dec ’26	€0.16	€0.38 +140.69%	18.52%	€0.45	€0.31	n/a	2
Nov ’26	€0.13	€0.38 +186.28%	18.52%	€0.45	€0.31	n/a	2

AnalystPriceTarget

Community Contributor

€0.38

Fair Value

54.1% undervalued

Number of Analysts

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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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/07 16:35
End of Day Share Price	2026/01/06 00:00
Earnings	2025/06/30
Annual Earnings	2025/06/30

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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.

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 Github.

Analyst Sources

Torque Metals Limited is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ross Bennett	Morgans Financial Limited