Northern Star Resources Limited

DB:NS7 Stock Report

Market Cap: €12.8b

Northern Star Resources Valuation

Is NS7 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • 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 NS7 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NS7 (€10.94) is trading below our estimate of fair value (€19.5)

Significantly Below Fair Value: NS7 is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NS7?

Key metric: As NS7 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NS7. This is calculated by dividing NS7's market cap by their current earnings.
What is NS7's PE Ratio?
PE Ratio32.2x
EarningsAU$638.50m
Market CapAU$20.56b

Price to Earnings Ratio vs Peers

How does NS7's PE Ratio compare to its peers?

The above table shows the PE ratio for NS7 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.5x
SY1 Symrise
37.8x13.2%€14.8b
HEI Heidelberg Materials
11.4x7.8%€21.2b
EVK Evonik Industries
35.8x33.1%€8.2b
NDA Aurubis
9x-6.2%€3.4b
NS7 Northern Star Resources
32.2x15.2%€20.6b

Price-To-Earnings vs Peers: NS7 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the peer average (23.5x).

Price to Earnings Ratio vs Industry

How does NS7's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NS7 32.2xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NS7 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is NS7'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.

NS7 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio32.2x
Fair PE Ratio19.7x

Price-To-Earnings vs Fair Ratio: NS7 is expensive based on its Price-To-Earnings Ratio (32.2x) compared to the estimated Fair Price-To-Earnings Ratio (19.7x).

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 NS7 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€10.94
€11.13
+1.8%
13.9%€13.54€7.16n/a18
Nov ’25€10.56
€10.89
+3.1%
13.8%€13.28€7.02n/a18
Oct ’25€9.87
€9.92
+0.5%
14.4%€12.87€7.11n/a18
Sep ’25€9.26
€9.38
+1.3%
11.7%€11.39€7.04n/a17
Aug ’25€8.46
€9.20
+8.8%
11.3%€11.29€7.02n/a17
Jul ’25€7.91
€9.87
+24.8%
12.7%€11.93€7.22n/a17
Jun ’25€8.79
€9.67
+10.1%
12.7%€12.25€7.10n/a17
May ’25€8.93
€9.40
+5.4%
12.9%€12.15€7.05n/a17
Apr ’25€8.71
€8.71
-0.03%
13.6%€12.07€6.82n/a17
Mar ’25€8.00
€8.57
+7.2%
13.6%€11.99€6.77n/a17
Feb ’25€8.07
€8.51
+5.4%
14.5%€12.09€6.83n/a16
Jan ’25€8.32
€8.31
-0.1%
14.8%€12.26€6.93n/a16
Dec ’24€7.65
€7.87
+2.9%
9.3%€8.99€6.72n/a16
Nov ’24€7.02
€7.77
+10.6%
9.9%€8.94€6.67€10.5615
Oct ’24€6.32
€7.58
+19.9%
11.6%€9.07€6.35€9.8715
Sep ’24€6.97
€7.39
+6.0%
10.5%€8.90€6.23€9.2615
Aug ’24€7.04
€7.76
+10.3%
9.9%€9.07€6.77€8.4615
Jul ’24€7.31
€8.43
+15.3%
10.0%€9.81€6.87€7.9114
Jun ’24€8.17
€8.37
+2.4%
10.3%€9.74€6.82€8.7914
May ’24€8.04
€8.31
+3.3%
10.0%€9.67€6.77€8.9315
Apr ’24€7.53
€7.61
+1.1%
12.0%€9.86€5.89€8.7114
Mar ’24€6.79
€7.79
+14.7%
9.6%€9.01€6.15€8.0014
Feb ’24€8.20
€7.90
-3.7%
9.5%€9.15€6.25€8.0715
Jan ’24€6.90
€7.20
+4.4%
10.9%€9.02€6.06€8.3215
Dec ’23€7.01
€7.20
+2.8%
11.2%€9.06€6.08€7.6515
Nov ’23€5.67
€6.80
+19.9%
12.7%€9.01€5.95€7.0215

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

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