Sumitomo Metal Mining Co., Ltd.

DB:S19 Stock Report

Market Cap: €6.6b

Sumitomo Metal Mining Valuation

Is S19 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 S19 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: S19 (€23.2) is trading above our estimate of fair value (€8.04)

Significantly Below Fair Value: S19 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for S19?

Key metric: As S19 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for S19. This is calculated by dividing S19's market cap by their current earnings.
What is S19's PE Ratio?
PE Ratio15.8x
EarningsJP¥67.25b
Market CapJP¥1.06t

Price to Earnings Ratio vs Peers

How does S19's PE Ratio compare to its peers?

The above table shows the PE ratio for S19 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.1x
NDA Aurubis
9x-6.2%€3.5b
FPE3 Fuchs
19.2x8.9%€5.1b
EVK Evonik Industries
35.4x33.1%€8.1b
WCH Wacker Chemie
28.8x37.0%€3.6b
S19 Sumitomo Metal Mining
15.8x13.3%€1.1t

Price-To-Earnings vs Peers: S19 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the peer average (23.1x).

Price to Earnings Ratio vs Industry

How does S19's PE Ratio compare vs other companies in the European Metals and Mining Industry?

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
S19 15.8xIndustry Avg. 12.4xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: S19 is expensive based on its Price-To-Earnings Ratio (15.8x) compared to the European Metals and Mining industry average (12.4x).

Price to Earnings Ratio vs Fair Ratio

What is S19'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.

S19 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.8x
Fair PE Ratio18.5x

Price-To-Earnings vs Fair Ratio: S19 is good value based on its Price-To-Earnings Ratio (15.8x) compared to the estimated Fair Price-To-Earnings Ratio (18.5x).

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 S19 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€23.20
€28.37
+22.3%
8.8%€32.90€23.76n/a8
Nov ’25€24.80
€28.66
+15.6%
8.8%€33.23€24.00n/a8
Oct ’25€27.20
€29.25
+7.5%
9.1%€33.74€24.37n/a8
Sep ’25€25.00
€31.43
+25.7%
17.4%€40.60€20.86n/a8
Aug ’25€27.40
€30.23
+10.3%
12.7%€38.01€25.15n/a8
Jul ’25€27.60
€29.75
+7.8%
14.4%€38.00€24.26n/a8
Jun ’25€29.60
€27.11
-8.4%
14.8%€33.71€23.27n/a8
May ’25€32.40
€27.80
-14.2%
15.2%€34.78€23.80n/a8
Apr ’25€26.80
€25.98
-3.1%
10.7%€30.84€22.82n/a8
Mar ’25€24.00
€26.98
+12.4%
14.6%€35.92€23.22n/a8
Feb ’25€25.00
€27.67
+10.7%
14.1%€36.47€23.58n/a8
Jan ’25€26.60
€29.76
+11.9%
13.6%€37.37€25.13n/a8
Dec ’24€26.20
€28.31
+8.1%
13.5%€35.46€23.84n/a8
Nov ’24€27.00
€29.07
+7.7%
13.4%€36.35€24.44€24.808
Oct ’24€27.80
€30.20
+8.6%
16.4%€37.98€24.69€27.208
Sep ’24€29.80
€29.93
+0.4%
17.4%€37.92€23.19€25.008
Aug ’24€31.00
€31.11
+0.4%
15.8%€38.61€23.61€27.409
Jul ’24€30.00
€30.56
+1.9%
15.7%€38.01€23.25€27.609
Jun ’24€28.20
€34.08
+20.9%
18.5%€44.34€25.06€29.609
May ’24€33.00
€37.89
+14.8%
16.3%€46.34€26.19€32.409
Apr ’24€34.40
€38.32
+11.4%
17.1%€47.34€26.76€26.809
Mar ’24€35.80
€37.30
+4.2%
17.6%€46.49€26.77€24.009
Feb ’24€36.80
€37.80
+2.7%
18.4%€47.97€27.61€25.009
Jan ’24€32.80
€36.88
+12.4%
19.3%€47.48€27.33€26.6010
Dec ’23€33.00
€36.17
+9.6%
19.5%€45.92€26.24€26.2010
Nov ’23€28.80
€36.18
+25.6%
21.4%€49.13€26.39€27.0010

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

Ecora Resources

UK£159.8m

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

HGR

UK£0.77

7D

8.9%

1Y

-29.0%

Central Asia Metals

UK£277.0m

Operates as a base metals producer.

9C3

UK£1.87

7D

0.5%

1Y

-4.1%

Arkema

€5.7b

Manufactures and sells specialty chemicals and advanced materials worldwide.

V1S

€75.20

7D

-2.0%

1Y

-17.2%