Pan African Resources PLC

DB:RTZ Stock Report

Market Cap: €4.0b

Pan African Resources Valuation

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

Valuation Score

5/6

Valuation Score 5/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

What is the Fair Price of RTZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: RTZ (€1.95) is trading below our estimate of future cash flow value (€5.4)

Significantly Below Future Cash Flow Value: RTZ is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for RTZ. This is calculated by dividing RTZ's market cap by their current earnings.
What is RTZ's PE Ratio?
PE Ratio19.2x
EarningsUS$241.35m
Market CapUS$4.64b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for RTZ vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average58.7x
NDA Aurubis
12x-13.66%€7.3b
TKA thyssenkrupp
37.5x38.19%€6.2b
FPE3 Fuchs
16.4x7.02%€4.4b
WCH Wacker Chemie
169x48.46%€3.7b
RTZ Pan African Resources
19.2x28.01%€3.5b

Price-To-Earnings vs Peers: RTZ is good value based on its Price-To-Earnings Ratio (19.2x) compared to the peer average (58.7x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RTZ 19.2xIndustry Avg. 19.5xNo. of Companies20PE01224364860+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RTZ is good value based on its Price-To-Earnings Ratio (19.2x) compared to the European Metals and Mining industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

What is RTZ'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.

RTZ PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio19.2x
Fair PE Ratio37.7x

Price-To-Earnings vs Fair Ratio: RTZ is good value based on its Price-To-Earnings Ratio (19.2x) compared to the estimated Fair Price-To-Earnings Ratio (37.7x).

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 RTZ forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€1.95
€2.03
+4.16%
10.06%€2.29€1.83n/a4
Feb ’27€1.62
€1.73
+6.82%
14.34%€2.08€1.44n/a4
Jan ’27€1.34
€1.49
+11.04%
2.72%€1.55€1.43n/a4
Dec ’26€1.12
€1.16
+3.39%
25.31%€1.43€0.66n/a4
Nov ’26€0.92
€1.17
+26.24%
25.31%€1.44€0.67n/a4
Oct ’26€1.01
€1.01
-0.86%
22.45%€1.26€0.66n/a4
Sep ’26€0.80
€0.72
-10.09%
8.04%€0.82€0.67n/a4
Aug ’26€0.58
€0.72
+24.29%
8.04%€0.82€0.67n/a4
Jul ’26€0.50
€0.68
+35.28%
3.92%€0.71€0.64n/a4
Jun ’26€0.52
€0.66
+29.09%
5.21%€0.71€0.62n/a4
May ’26€0.48
€0.66
+37.43%
5.21%€0.71€0.61n/a4
Apr ’26€0.53
€0.55
+4.79%
12.92%€0.66€0.47n/a4
Mar ’26€0.40
€0.56
+39.76%
12.92%€0.66€0.47€2.034
Feb ’26€0.46
€0.54
+17.40%
4.84%€0.57€0.50€1.624
Jan ’26€0.38
€0.53
+42.04%
1.87%€0.54€0.52€1.344
Dec ’25€0.41
€0.50
+21.63%
5.05%€0.54€0.48€1.124
Nov ’25€0.42
€0.45
+6.20%
7.44%€0.48€0.41€0.924
Oct ’25€0.38
€0.43
+13.03%
7.59%€0.48€0.40€1.014
Sep ’25€0.33
€0.40
+20.95%
8.57%€0.45€0.36€0.804
Aug ’25€0.34
€0.40
+17.57%
8.57%€0.45€0.35€0.584
Jul ’25€0.31
€0.38
+23.85%
10.37%€0.45€0.35€0.504
Jun ’25€0.29
€0.34
+17.68%
9.95%€0.38€0.29€0.524
May ’25€0.28
€0.32
+15.88%
8.33%€0.36€0.29€0.484
Apr ’25€0.24
€0.30
+20.70%
8.11%€0.33€0.27€0.533
Mar ’25€0.22
€0.28
+30.59%
3.88%€0.29€0.27€0.403
€2.02
Fair Value
3.5% undervalued intrinsic discount
4
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/03/04 05:10
End of Day Share Price 2026/03/04 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pan African Resources PLC is covered by 17 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Herbert KharivheAbsa Bank Limited
Richard HatchBerenberg
William DalbyBerenberg