Skeena Resources Limited

DB:RXF Stock Report

Market Cap: €947.1m

Skeena Resources Valuation

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

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

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

Key Valuation Metric

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

Key metric: As RXF 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 RXF. This is calculated by dividing RXF's market cap by their current book value.
What is RXF's PB Ratio?
PB Ratio15.7x
BookCA$90.40m
Market CapCA$1.40b

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for RXF vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.6x
SZG Salzgitter
0.2x93.9%€887.0m
02P Pearl Gold
0.8xn/a€11.0m
TKA thyssenkrupp
0.3x105.9%€2.4b
STO3 Sto SE KGaA
1x3.5%€706.9m
RXF Skeena Resources
15.7x85.8%€1.4b

Price-To-Book vs Peers: RXF is expensive based on its Price-To-Book Ratio (15.7x) compared to the peer average (0.6x).

Price to Book Ratio vs Industry

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

22 CompaniesPrice / BookEstimated GrowthMarket Cap
RXF 15.7xIndustry Avg. 0.9xNo. of Companies28PB00.61.21.82.43+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: RXF is expensive based on its Price-To-Book Ratio (15.7x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is RXF'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.

RXF PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio15.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate RXF'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 RXF forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€8.69
€11.24
+29.4%
14.4%€13.57€8.14n/a10
Nov ’25€8.85
€11.31
+27.9%
14.7%€13.40€8.04n/a11
Oct ’25€7.52
€11.11
+47.9%
14.1%€13.32€7.99n/a11
Sep ’25€6.77
€10.64
+57.3%
14.9%€13.23€7.94n/a11
Aug ’25€5.93
€10.69
+80.5%
15.8%€13.38€8.03n/a11
Jul ’25€4.84
€10.86
+124.1%
16.6%€13.65€8.19n/a10
Jun ’25€3.98
€11.01
+176.5%
11.0%€13.32€9.44n/a9
May ’25€4.61
€10.76
+133.5%
15.2%€13.48€7.30n/a10
Apr ’25€4.04
€10.63
+163.2%
15.6%€13.51€7.32n/a10
Mar ’25€3.36
€10.63
+216.5%
15.6%€13.51€7.32n/a10
Feb ’25€4.15
€10.61
+155.7%
15.5%€13.59€7.37n/a10
Jan ’25€4.46
€10.36
+132.5%
14.6%€12.47€7.31n/a10
Dec ’24€4.06
€10.07
+148.3%
15.1%€12.20€7.35n/a9
Nov ’24€3.36
€10.26
+205.8%
12.7%€11.81€7.57€8.859
Oct ’24€4.40
€10.37
+135.9%
11.4%€11.62€7.45€7.529
Sep ’24€4.52
€10.30
+128.0%
12.8%€11.67€7.48€6.779
Aug ’24€4.50
€10.30
+128.8%
12.8%€11.67€7.48€5.939
Jul ’24€4.15
€10.56
+154.6%
11.4%€11.41€7.54€4.849
Jun ’24€4.92
€10.70
+117.4%
8.9%€11.64€8.22€3.989
May ’24€6.04
€10.54
+74.5%
9.1%€11.37€8.02€4.619
Apr ’24€5.55
€10.77
+94.1%
9.8%€11.83€8.35€4.049
Mar ’24€4.82
€10.77
+123.5%
9.8%€11.83€8.35€3.369
Feb ’24€5.40
€10.58
+96.2%
11.6%€11.71€7.57€4.159
Jan ’24€4.88
€10.49
+115.1%
12.0%€11.78€7.48€4.469
Dec ’23€5.21
€10.99
+111.1%
12.0%€12.34€7.84€4.069
Nov ’23€4.51
€11.51
+155.4%
12.5%€12.93€7.98€3.369

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

€74.85

7D

0.4%

1Y

-19.9%

Minerals Technologies

US$2.6b

Develops, produces, and markets various mineral, mineral-based, and related systems and services.

MNK

US$74.50

7D

1.4%

1Y

33.0%

Cabka

€60.3m

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

7GW

€2.38

7D

-7.8%

1Y

-61.1%