Lithium Ionic Valuation

Q: What is the Fair Price of H3N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

H3N (€0.59) is trading below our estimate of [[fair value]] (€64.83)

Is H3N 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 H3N when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: H3N (€0.59) is trading below our estimate of fair value (€64.83)

Significantly Below Fair Value: H3N is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for H3N?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for H3N. This is calculated by dividing H3N's market cap by their current preferred multiple.
What is H3N's n/a Ratio?
n/a	0x
n/a	n/a
Market Cap	CA$125.28m

H3N key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	-2.4x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does H3N's PB Ratio compare to its peers?

The above table shows the PB ratio for H3N vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	18.2x
M0LY Greenland Resources	24x	n/a	€44.8m
W2C IberAmerican Lithium	4.6x	n/a	€2.7m
PNX Pasinex Resources	42x	n/a	€1.7m
EIS Eisen- und Hüttenwerke	2.1x	n/a	€202.4m
H3N Lithium Ionic	33x	n/a	€125.3m

Price-To-Book vs Peers: H3N is expensive based on its Price-To-Book Ratio (33x) compared to the peer average (18.2x).

Price to Earnings Ratio vs Industry

How does H3N's PE Ratio compare vs other companies in the European Metals and Mining Industry?

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	28.0%
	n/a	n/a	n/a

Fetching data

0 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	n/a	28.0%
	n/a	n/a	n/a

No more companies

Price-To-Book vs Industry: H3N is expensive based on its Price-To-Book Ratio (33x) compared to the European Metals and Mining industry average (0.9x).

Price to Book Ratio vs Fair Ratio

What is H3N'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.

H3N PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	33x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate H3N'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 H3N forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	€0.58	€2.51 +329.5%	59.9%	€5.29	€0.83	n/a	5
Oct ’25	n/a	€2.52 0%	59.9%	€5.31	€0.83	n/a	5
Sep ’25	n/a	€2.63 0%	53.8%	€5.33	€1.33	n/a	5
Aug ’25	€0.34	€2.96 +765.2%	47.5%	€5.33	€1.67	n/a	4
Jul ’25	€0.38	€3.11 +713.5%	42.3%	€5.38	€2.18	n/a	4
Jun ’25	n/a	€3.09 0%	43.6%	€5.41	€2.20	n/a	4
May ’25	n/a	€3.21 0%	39.7%	€5.47	€2.05	n/a	5
Apr ’25	n/a	€2.71 0%	26.5%	€3.73	€2.03	n/a	4
Mar ’25	n/a	€2.84 0%	23.3%	€3.79	€2.07	n/a	4
Feb ’25	n/a	€3.18 0%	16.0%	€3.78	€2.40	n/a	4
Jan ’25	n/a	€3.33 0%	8.5%	€3.76	€3.08	n/a	4
Dec ’24	n/a	€3.44 0%	8.4%	€3.72	€3.05	n/a	3
Nov ’24	€1.09	€3.46 +217.8%	8.4%	€3.75	€3.07	€0.58	3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.