Millennial Potash Valuation

Is X0D 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 X0D when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: X0D (€0.2) is trading above our estimate of fair value (€0.04)

Significantly Below Fair Value: X0D is trading above our estimate of fair value.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for X0D?

Key metric: As X0D 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 X0D. This is calculated by dividing X0D's market cap by their current book value.
What is X0D's PB Ratio?
PB Ratio3.7x
BookCA$6.51m
Market CapCA$24.21m

Price to Book Ratio vs Peers

How does X0D's PB Ratio compare to its peers?

The above table shows the PB ratio for X0D vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average14.3x
02P Pearl Gold
0.9xn/a€11.3m
AMA Altech Advanced Materials
2.4xn/a€19.8m
DLX Delignit
0.7x27.0%€24.6m
M0LY Greenland Resources
53.3xn/a€78.4m
X0D Millennial Potash
3.7xn/a€24.2m

Price-To-Book vs Peers: X0D is good value based on its Price-To-Book Ratio (3.7x) compared to the peer average (14.3x).


Price to Book Ratio vs Industry

How does X0D's PB Ratio compare vs other companies in the European Metals and Mining Industry?

23 CompaniesPrice / BookEstimated GrowthMarket Cap
X0D 3.7xIndustry Avg. 0.9xNo. of Companies26PB00.61.21.82.43+
23 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: X0D is expensive based on its Price-To-Book Ratio (3.7x) compared to the European Metals and Mining industry average (0.9x).


Price to Book Ratio vs Fair Ratio

What is X0D'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.

X0D PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.7x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate X0D'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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