Ramelius Resources Limited

DB:RRZ Stock Report

Market Cap: €1.5b

Ramelius Resources Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: RRZ (€1.26) is trading above our estimate of fair value (€1.09)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RRZ. This is calculated by dividing RRZ's market cap by their current earnings.
What is RRZ's PE Ratio?
PE Ratio11.2x
EarningsAU$216.58m
Market CapAU$2.43b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RRZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average27.7x
NDA Aurubis
9x-6.2%€3.4b
SDF K+S
78.9x61.1%€2.0b
STO3 Sto SE KGaA
11x3.5%€723.6m
ACT AlzChem Group
12.1x12.6%€606.5m
RRZ Ramelius Resources
11.2x-2.9%€2.4b

Price-To-Earnings vs Peers: RRZ is good value based on its Price-To-Earnings Ratio (11.2x) compared to the peer average (27.7x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RRZ 11.2xIndustry Avg. 12.1xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RRZ is good value based on its Price-To-Earnings Ratio (11.2x) compared to the European Metals and Mining industry average (12.1x).

Price to Earnings Ratio vs Fair Ratio

What is RRZ'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.

RRZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio11.2x
Fair PE Ratio12x

Price-To-Earnings vs Fair Ratio: RRZ is good value based on its Price-To-Earnings Ratio (11.2x) compared to the estimated Fair Price-To-Earnings Ratio (12x).

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 RRZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.26
€1.53
+21.6%
23.4%€1.97€0.80n/a6
Nov ’25€1.32
€1.53
+15.7%
23.4%€1.97€0.80n/a6
Oct ’25€1.31
€1.36
+3.2%
24.2%€1.69€0.80n/a7
Sep ’25€1.32
€1.34
+1.7%
24.1%€1.70€0.80n/a7
Aug ’25€1.15
€1.31
+14.4%
24.4%€1.69€0.80n/a7
Jul ’25€1.13
€1.29
+14.7%
21.2%€1.62€0.82n/a7
Jun ’25€1.18
€1.26
+7.4%
21.3%€1.59€0.81n/a7
May ’25€1.24
€1.21
-1.9%
20.8%€1.58€0.80n/a7
Apr ’25€1.09
€1.12
+2.7%
17.7%€1.36€0.80n/a7
Mar ’25€0.85
€1.09
+29.3%
15.0%€1.27€0.80n/a6
Feb ’25€0.93
€1.11
+19.8%
15.0%€1.30€0.80n/a6
Jan ’25€1.01
€1.07
+6.0%
13.1%€1.23€0.81n/a7
Dec ’24€1.03
€1.02
-0.7%
12.0%€1.20€0.79n/a7
Nov ’24€0.93
€1.02
+9.6%
12.0%€1.20€0.79€1.327
Oct ’24€0.85
€1.00
+16.7%
10.6%€1.18€0.80€1.317
Sep ’24€0.79
€0.95
+20.2%
9.1%€1.07€0.79€1.327
Aug ’24€0.77
€0.94
+22.1%
10.8%€1.06€0.78€1.157
Jul ’24€0.75
€0.93
+24.0%
12.4%€1.10€0.73€1.137
Jun ’24€0.86
€0.91
+6.1%
12.3%€1.10€0.73€1.187
May ’24€0.77
€0.89
+15.7%
13.1%€1.09€0.73€1.246
Apr ’24€0.76
€0.83
+8.6%
9.9%€0.93€0.68€1.097
Mar ’24€0.59
€0.85
+43.0%
10.6%€0.97€0.71€0.857
Feb ’24€0.64
€0.86
+34.5%
10.6%€0.98€0.72€0.937
Jan ’24€0.59
€0.80
+36.9%
12.2%€0.96€0.64€1.017
Dec ’23€0.61
€0.80
+30.9%
14.4%€0.97€0.58€1.037
Nov ’23€0.50
€0.79
+57.6%
18.8%€0.97€0.52€0.937

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.

Discover undervalued companies

Compañía de Minas BuenaventuraA

US$3.1b

Engages in the exploration, development, construction, and operation of mineral processing business.

MBU

US$11.70

7D

0%

1Y

41.0%

Stanmore Resources

AU$2.8b

Engages in the exploration, development, production, and sale of metallurgical coal in Australia.

S0D

AU$1.91

7D

4.9%

1Y

-15.5%

Arkema

€5.7b

Manufactures and sells specialty chemicals and advanced materials worldwide.

V1S

€74.55

7D

-4.4%

1Y

-19.9%