Resolute Mining Limited

DB:RSM Stock Report

Market Cap: €544.5m

Resolute Mining Valuation

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

Below Fair Value: RSM (€0.26) is trading below our estimate of fair value (€3.82)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RSM. This is calculated by dividing RSM's market cap by their current earnings.
What is RSM's PE Ratio?
PE Ratio45.3x
EarningsUS$12.68m
Market CapUS$574.63m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RSM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average13x
ACT AlzChem Group
11.6x12.6%€582.1m
EIS Eisen- und Hüttenwerke
18.5xn/a€202.4m
STO3 Sto SE KGaA
10.6x3.5%€700.4m
SIM0 SIMONA
11.2xn/a€345.0m
RSM Resolute Mining
45.3x42.3%€883.6m

Price-To-Earnings vs Peers: RSM is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the peer average (13x).

Price to Earnings Ratio vs Industry

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

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RSM 45.3xIndustry Avg. 11.1xNo. of Companies14PE0816243240+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RSM is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the European Metals and Mining industry average (11.1x).

Price to Earnings Ratio vs Fair Ratio

What is RSM'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.

RSM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio45.3x
Fair PE Ratio31x

Price-To-Earnings vs Fair Ratio: RSM is expensive based on its Price-To-Earnings Ratio (45.3x) compared to the estimated Fair Price-To-Earnings Ratio (31x).

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 RSM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€0.26
€0.41
+60.4%
18.2%€0.53€0.31n/a5
Nov ’25€0.47
€0.67
+42.1%
31.3%€1.06€0.47n/a5
Oct ’25€0.44
€0.55
+25.6%
37.2%€0.95€0.34n/a5
Sep ’25€0.40
€0.54
+36.3%
38.5%€0.94€0.33n/a5
Aug ’25€0.38
€0.54
+42.2%
38.5%€0.94€0.33n/a5
Jul ’25€0.30
€0.52
+72.0%
34.8%€0.87€0.34n/a5
Jun ’25€0.33
€0.46
+41.4%
45.0%€0.86€0.25n/a5
May ’25€0.25
€0.44
+75.7%
47.2%€0.84€0.24n/a5
Apr ’25€0.25
€0.41
+63.7%
38.2%€0.69€0.22n/a5
Mar ’25€0.20
€0.40
+95.5%
40.1%€0.69€0.22n/a5
Feb ’25€0.24
€0.40
+68.6%
40.7%€0.70€0.22n/a5
Jan ’25€0.28
€0.37
+35.2%
32.7%€0.59€0.22n/a5
Dec ’24€0.25
€0.39
+56.4%
32.5%€0.57€0.21n/a6
Nov ’24€0.21
€0.39
+90.1%
32.5%€0.57€0.21€0.476
Oct ’24€0.19
€0.41
+118.8%
30.4%€0.60€0.24€0.446
Sep ’24€0.19
€0.41
+117.2%
31.2%€0.61€0.24€0.406
Aug ’24€0.21
€0.41
+91.8%
31.2%€0.61€0.24€0.386
Jul ’24€0.23
€0.44
+92.2%
31.2%€0.64€0.27€0.305
Jun ’24€0.28
€0.43
+55.1%
32.1%€0.64€0.27€0.335
May ’24€0.28
€0.40
+43.1%
35.1%€0.63€0.26€0.254
Apr ’24€0.25
€0.37
+47.2%
34.1%€0.61€0.27€0.255
Mar ’24€0.15
€0.36
+138.6%
40.8%€0.63€0.21€0.205
Feb ’24€0.17
€0.37
+116.9%
40.1%€0.64€0.21€0.245
Jan ’24€0.12
€0.39
+242.8%
49.3%€0.64€0.16€0.283
Dec ’23€0.12
€0.39
+228.8%
49.3%€0.64€0.16€0.253
Nov ’23€0.10
€0.40
+294.1%
40.0%€0.64€0.19€0.214

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

Central Asia Metals

UK£283.6m

Operates as a base metals producer.

9C3

UK£1.91

7D

2.7%

1Y

2.1%

Cabka

€62.8m

Manufactures and sells pallets and large containers made from recycled plastic in Europe, North America, and internationally.

7GW

€2.48

7D

0%

1Y

-59.9%

African Rainbow Minerals

R31.4b

Through its subsidiaries, operates as a diversified mining and minerals company in South Africa, Malaysia, and Switzerland.

EB9

R8.30

7D

-1.2%

1Y

-6.2%