Ares Strategic Mining Valuation

Is N8I 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 N8I when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate N8I's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate N8I's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for N8I?

Key metric: As N8I 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 N8I. This is calculated by dividing N8I's market cap by their current book value.
What is N8I's PB Ratio?
PB Ratio	2.3x
Book	CA$12.96m
Market Cap	CA$29.63m

N8I 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	-67.5x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does N8I's PB Ratio compare to its peers?

The above table shows the PB ratio for N8I 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	27.4x
M0LY Greenland Resources	45.3x	n/a	€69.4m
W2C IberAmerican Lithium	27.6x	n/a	€821.3k
PNX Pasinex Resources	35.8x	n/a	€1.4m
02P Pearl Gold	0.8x	n/a	€10.0m
N8I Ares Strategic Mining	2.3x	n/a	€29.6m

Price-To-Book vs Peers: N8I is good value based on its Price-To-Book Ratio (2.3x) compared to the peer average (27.4x).

Price to Book Ratio vs Industry

How does N8I'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: N8I is expensive based on its Price-To-Book Ratio (2.3x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is N8I'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.

N8I PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	2.3x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate N8I'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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