OceanaGold Corporation

DB:RQQ Stock Report

Market Cap: €2.2b

OceanaGold Valuation

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

Below Fair Value: RQQ (€3.04) is trading above our estimate of fair value (€2.52)

Significantly Below Fair Value: RQQ is trading above our estimate of fair value.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RQQ. This is calculated by dividing RQQ's market cap by their current earnings.
What is RQQ's PE Ratio?
PE Ratio33.9x
EarningsUS$66.40m
Market CapUS$2.25b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RQQ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average31.8x
NDA Aurubis
9x-6.2%€3.4b
SDF K+S
78.9x61.1%€2.0b
WCH Wacker Chemie
28.3x37.0%€3.5b
STO3 Sto SE KGaA
11x3.5%€723.6m
RQQ OceanaGold
33.9x58.0%€3.2b

Price-To-Earnings vs Peers: RQQ is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the peer average (31.8x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RQQ 33.9xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RQQ is expensive based on its Price-To-Earnings Ratio (33.9x) compared to the European Metals and Mining industry average (11.8x).

Price to Earnings Ratio vs Fair Ratio

What is RQQ'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.

RQQ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio33.9x
Fair PE Ratio39.5x

Price-To-Earnings vs Fair Ratio: RQQ is good value based on its Price-To-Earnings Ratio (33.9x) compared to the estimated Fair Price-To-Earnings Ratio (39.5x).

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 RQQ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€3.04
€3.88
+27.5%
11.6%€4.66€3.09n/a9
Nov ’25€2.58
€3.73
+44.8%
10.9%€4.49€3.15n/a9
Oct ’25€2.53
€3.48
+37.5%
6.0%€3.84€3.16n/a10
Sep ’25€2.29
€3.29
+43.7%
6.5%€3.60€2.80n/a10
Aug ’25€2.23
€3.34
+49.6%
8.2%€3.69€2.84n/a10
Jul ’25€2.10
€3.15
+50.2%
7.8%€3.40€2.72n/a10
Jun ’25€2.11
€3.09
+46.6%
9.6%€3.37€2.53n/a10
May ’25€2.15
€3.02
+40.6%
10.8%€3.41€2.55n/a10
Apr ’25€2.03
€2.63
+29.4%
13.0%€3.42€2.07n/a10
Mar ’25€1.51
€2.61
+72.9%
13.3%€3.40€2.05n/a10
Feb ’25€1.91
€2.77
+45.3%
7.9%€3.06€2.24n/a9
Jan ’25€1.78
€2.71
+52.4%
7.4%€3.09€2.31n/a9
Dec ’24€1.60
€2.67
+67.2%
6.9%€2.99€2.31n/a9
Nov ’24€1.55
€2.79
+80.5%
7.8%€3.10€2.39€2.589
Oct ’24€1.93
€3.08
+60.2%
4.0%€3.33€2.97€2.538
Sep ’24€1.96
€2.82
+43.6%
12.3%€3.27€2.07€2.299
Aug ’24€1.86
€2.85
+53.2%
12.7%€3.29€2.05€2.239
Jul ’24€1.81
€2.83
+56.6%
13.7%€3.47€2.02€2.109
Jun ’24€2.01
€2.80
+39.2%
12.7%€3.44€2.06€2.119
May ’24€2.06
€2.72
+31.7%
13.2%€3.36€2.02€2.159
Apr ’24€2.29
€2.52
+10.3%
9.7%€2.89€2.03€2.039
Mar ’24€1.90
€2.53
+33.5%
8.6%€2.78€2.09€1.519
Feb ’24€1.96
€2.50
+27.8%
8.5%€2.74€2.05€1.919
Jan ’24€1.77
€2.37
+34.0%
14.6%€3.13€1.74€1.7810
Dec ’23€1.63
€2.41
+47.8%
14.8%€3.22€1.78€1.6010
Nov ’23€1.48
€2.53
+70.5%
14.5%€3.37€1.87€1.5510

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Arkema

€5.7b

Manufactures and sells specialty chemicals and advanced materials worldwide.

V1S

€74.95

7D

-3.9%

1Y

-19.5%

Tokuyama

JP¥196.7b

Produces and sells various chemical products in Japan.

TBT

JP¥16.60

7D

5.7%

1Y

14.5%

Ecora Resources

UK£162.5m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

HGR

UK£0.76

7D

1.5%

1Y

-28.3%