Patriot Battery Metals Inc.

DB:R9GA Stock Report

Market Cap: €254.8m

Patriot Battery Metals Valuation

Is R9GA 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 R9GA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate R9GA's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate R9GA's fair value for valuation analysis.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for R9GA?

Key metric: As R9GA 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 R9GA. This is calculated by dividing R9GA's market cap by their current book value.
What is R9GA's PB Ratio?
PB Ratio1.6x
BookCA$245.12m
Market CapCA$380.87m

Price to Book Ratio vs Peers

How does R9GA's PB Ratio compare to its peers?

The above table shows the PB ratio for R9GA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average14.3x
M0LY Greenland Resources
44.3xn/a€62.8m
EIS Eisen- und Hüttenwerke
2.4xn/a€221.8m
W2C IberAmerican Lithium
9.8xn/a€2.0m
UZU Uzin Utz
0.9x2.1%€244.1m
R9GA Patriot Battery Metals
1.6x-18.3%€380.9m

Price-To-Book vs Peers: R9GA is good value based on its Price-To-Book Ratio (1.6x) compared to the peer average (14.3x).


Price to Book Ratio vs Industry

How does R9GA's PB Ratio compare vs other companies in the European Metals and Mining Industry?

22 CompaniesPrice / BookEstimated GrowthMarket Cap
R9GA 1.6xIndustry Avg. 0.9xNo. of Companies27PB00.61.21.82.43+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: R9GA is expensive based on its Price-To-Book Ratio (1.6x) compared to the European Metals and Mining industry average (0.9x).


Price to Book Ratio vs Fair Ratio

What is R9GA'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.

R9GA PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate R9GA'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 R9GA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.77
€7.32
+313.4%
33.5%€10.71€3.81n/a10
Nov ’25€2.39
€7.59
+217.5%
28.9%€10.71€4.28n/a10
Oct ’25€2.39
€7.63
+219.4%
36.8%€13.25€3.84n/a10
Sep ’25€2.62
€8.46
+222.7%
27.7%€13.29€5.18n/a10
Aug ’25€2.84
€9.46
+233.0%
19.2%€13.34€6.00n/a10
Jul ’25€3.27
€9.91
+203.2%
19.6%€13.65€6.14n/a10
Jun ’25€5.48
€11.02
+101.0%
12.9%€13.53€9.13n/a7
May ’25€4.66
€11.10
+138.1%
14.6%€13.68€8.55n/a8
Apr ’25€5.68
€11.02
+94.0%
14.6%€13.58€8.49n/a8
Mar ’25€5.62
€11.06
+96.7%
14.6%€13.63€8.52n/a8
Feb ’25€4.39
€12.44
+183.3%
12.2%€15.12€10.31n/a8
Jan ’25€6.90
€12.46
+80.5%
10.4%€15.06€10.95n/a9
Dec ’24€6.44
€12.74
+97.8%
10.6%€14.89€10.83€1.898
Nov ’24€6.30
€12.82
+103.5%
10.6%€14.99€10.90€2.398
Oct ’24€7.60
€13.37
+76.0%
11.5%€15.43€11.23€2.398
Sep ’24€7.76
€13.13
+69.2%
11.4%€14.98€10.89€2.628
Aug ’24€10.50
€13.14
+25.2%
12.2%€15.07€10.96€2.847
Jul ’24€10.45
€12.80
+22.5%
10.0%€14.53€11.07€3.277
Jun ’24€10.50
€12.17
+15.9%
7.4%€13.74€10.99€5.486
May ’24€8.24
€11.10
+34.7%
8.7%€12.16€9.30€4.666
Apr ’24€8.88
€11.08
+24.7%
8.6%€12.38€9.47€5.685
Mar ’24€11.06
€11.26
+1.8%
8.5%€12.71€9.72€5.625
Feb ’24€10.34
€8.27
-20.0%
30.9%€11.41€5.70€4.395
Jan ’24€4.45
€6.25
+40.5%
6.6%€6.96€5.89€6.904
Dec ’23€5.55
€6.25
+12.7%
6.6%€6.96€5.89€6.444

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.


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