NeXGold Mining Valuation

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

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

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


Key Valuation Metric

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

Key metric: As TRC 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 TRC. This is calculated by dividing TRC's market cap by their current book value.
What is TRC's PB Ratio?
PB Ratio0.5x
BookCA$116.48m
Market CapCA$56.14m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for TRC vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average13.9x
02P Pearl Gold
0.9xn/a€11.3m
M0LY Greenland Resources
53.3xn/a€78.4m
IBU IBU-tec advanced materials
0.6x109.4%€33.3m
DLX Delignit
0.7x27.0%€24.6m
TRC NeXGold Mining
0.5xn/a€56.1m

Price-To-Book vs Peers: TRC is good value based on its Price-To-Book Ratio (0.5x) compared to the peer average (13.9x).


Price to Book Ratio vs Industry

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

23 CompaniesPrice / BookEstimated GrowthMarket Cap
TRC 0.5xIndustry Avg. 0.9xNo. of Companies26PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: TRC is good value based on its Price-To-Book Ratio (0.5x) compared to the European Metals and Mining industry average (0.9x).


Price to Book Ratio vs Fair Ratio

What is TRC'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.

TRC PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.5x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate TRC'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?

Analyst Forecast: Insufficient data to show price forecast.


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