ZCCM Investments Holdings Valuation

Is MLZAM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: MLZAM (€1.39) is trading below our estimate of fair value (€13.52)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MLZAM. This is calculated by dividing MLZAM's market cap by their current earnings.
What is MLZAM's PE Ratio?
PE Ratio	0.1x
Earnings	K54.64b
Market Cap	K6.57b

MLZAM 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	0.8x
Enterprise Value/EBITDA	-2.6x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MLZAM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	11.1x
EUR EURO Ressources	10.6x	n/a	€218.7m
ALEXA Exacompta Clairefontaine	8.1x	n/a	€173.1m
EXPL EPC Groupe	18.8x	25.1%	€399.6m
ALGIL Groupe Guillin	7x	-9.2%	€489.9m
MLZAM ZCCM Investments Holdings	0.1x	n/a	€223.5m

Price-To-Earnings vs Peers: MLZAM is good value based on its Price-To-Earnings Ratio (0.1x) compared to the peer average (11.1x).

Price to Earnings Ratio vs Industry

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

15 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	12.5x	28.3%
MLZAM ZCCM Investments Holdings	0.1x	n/a	US$236.82m

15 Companies		Estimated Growth	Market Cap
Industry Avg.	12.5x	28.3%
MLZAM ZCCM Investments Holdings	0.1x	n/a	US$236.82m

No more companies

Price-To-Earnings vs Industry: MLZAM is good value based on its Price-To-Earnings Ratio (0.1x) compared to the European Metals and Mining industry average (12.9x).

Price to Earnings Ratio vs Fair Ratio

What is MLZAM'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.

MLZAM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	0.1x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate MLZAM's Price-To-Earnings 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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