E3 Lithium Limited

DB:OW3 Stock Report

Market Cap: €53.8m

E3 Lithium Valuation

Is OW3 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 OW3 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate OW3's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate OW3's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for OW3?

Key metric: As OW3 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 OW3. This is calculated by dividing OW3's market cap by their current book value.
What is OW3's PB Ratio?
PB Ratio1.4x
BookCA$54.31m
Market CapCA$78.28m

Price to Book Ratio vs Peers

How does OW3's PB Ratio compare to its peers?

The above table shows the PB ratio for OW3 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average26.3x
M0LY Greenland Resources
53.3xn/a€78.4m
W2C IberAmerican Lithium
14xn/a€1.0m
PNX Pasinex Resources
33.7xn/a€1.4m
BNN BRAIN Biotech
4.2x71.5%€68.8m
OW3 E3 Lithium
1.4x0.9%€78.3m

Price-To-Book vs Peers: OW3 is good value based on its Price-To-Book Ratio (1.4x) compared to the peer average (26.3x).

Price to Book Ratio vs Industry

How does OW3's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 CompaniesPrice / BookEstimated GrowthMarket Cap
OW3 1.4xIndustry Avg. 0.9xNo. of Companies26PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: OW3 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 OW3'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.

OW3 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate OW3'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 OW3 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.63
€2.45
+288.1%
17.2%€2.88€2.03n/a2
Nov ’25€0.73
€2.98
+305.7%
32.6%€3.95€2.01n/a2
Oct ’25€0.73
€4.35
+499.7%
8.5%€4.73€3.98n/a2
Sep ’25€0.91
€4.35
+380.6%
8.5%€4.73€3.98n/a2
Aug ’25€0.72
€4.35
+500.6%
8.5%€4.73€3.98n/a2
Jul ’25€1.00
€4.23
+321.3%
9.2%€4.78€3.89n/a3
Jun ’25€1.14
€5.33
+367.6%
37.8%€8.77€3.85n/a4
May ’25€1.17
€5.64
+381.8%
34.1%€8.90€3.90n/a4
Apr ’25€0.99
€5.86
+488.8%
31.6%€8.84€3.88n/a4
Mar ’25€1.13
€5.86
+418.5%
31.6%€8.84€3.88n/a4
Feb ’25€1.26
€5.86
+365.0%
31.6%€8.84€3.88n/a4
Jan ’25€1.50
€6.10
+306.9%
28.6%€8.71€3.82n/a4
Dec ’24€1.42
€6.10
+329.8%
28.6%€8.71€3.82n/a4
Nov ’24€1.82
€6.89
+278.8%
31.3%€8.90€3.90€0.733
Oct ’24€2.22
€8.67
+290.6%
4.0%€9.02€8.32€0.732
Sep ’24€2.70
€7.78
+188.2%
13.0%€8.80€6.77€0.912
Apr ’24€1.92
€7.88
+310.4%
10.6%€8.72€7.04€0.992
Mar ’24€1.48
€6.46
+336.7%
12.3%€7.26€5.67€1.132
Feb ’24€1.56
€5.85
+275.2%
1.8%€5.96€5.75€1.262
Jan ’24€1.36
€5.85
+330.4%
1.8%€5.96€5.75€1.502
Dec ’23€1.44
€5.95
+313.3%
1.8%€6.06€5.85€1.422
Nov ’23€1.46
€5.85
+300.5%
4.5%€6.11€5.59€1.822

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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