Greatland Gold plc

AIM:GGP Stock Report

Market Cap: UK£657.9m

Greatland Gold Valuation

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

Below Fair Value: GGP (£0.07) is trading below our estimate of fair value (£0.28)

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

Key Valuation Metric

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

Key metric: As GGP 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 GGP. This is calculated by dividing GGP's market cap by their current book value.
What is GGP's PB Ratio?
PB Ratio17.4x
BookUK£40.96m
Market CapUK£657.92m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for GGP vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.8x
PAF Pan African Resources
2.4x29.0%UK£696.6m
HOC Hochschild Mining
2.5x53.0%UK£1.2b
CEY Centamin
1.5x23.9%UK£1.7b
SRB Serabi Gold
0.9x45.0%UK£67.4m
GGP Greatland Gold
17.4x39.3%UK£712.1m

Price-To-Book vs Peers: GGP is expensive based on its Price-To-Book Ratio (17.4x) compared to the peer average (1.8x).

Price to Book Ratio vs Industry

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

12 CompaniesPrice / BookEstimated GrowthMarket Cap
POG Petropavlovsk
0.08x12.5%US$56.91m
GEMD Gem Diamonds
0.1x1.9%US$19.67m
RMM Rambler Metals and Mining
0.05xn/aUS$4.07m
RRR Red Rock Resources
0.1xn/aUS$2.85m
GGP 17.4xIndustry Avg. 1.0xNo. of Companies15PB00.61.21.82.43+
12 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: GGP is expensive based on its Price-To-Book Ratio (17.4x) compared to the UK Metals and Mining industry average (1x).

Price to Book Ratio vs Fair Ratio

What is GGP'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.

GGP PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio17.4x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate GGP'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 GGP forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.068
UK£0.13
+85.2%
31.8%UK£0.16UK£0.07n/a3
Nov ’25UK£0.063
UK£0.12
+97.3%
36.5%UK£0.16UK£0.06n/a3
Oct ’25UK£0.068
UK£0.14
+105.9%
14.3%UK£0.16UK£0.12n/a2
Sep ’25UK£0.067
UK£0.16
+138.8%
20.4%UK£0.20UK£0.12n/a3
Aug ’25UK£0.071
UK£0.16
+124.1%
20.4%UK£0.20UK£0.12n/a3
Jul ’25UK£0.073
UK£0.16
+119.2%
20.4%UK£0.20UK£0.12n/a3
Jun ’25UK£0.082
UK£0.15
+87.0%
22.2%UK£0.20UK£0.12n/a3
May ’25UK£0.059
UK£0.15
+159.9%
22.2%UK£0.20UK£0.12n/a3
Apr ’25UK£0.062
UK£0.15
+147.3%
22.2%UK£0.20UK£0.12n/a3
Mar ’25UK£0.065
UK£0.15
+137.7%
22.2%UK£0.20UK£0.12n/a3
Feb ’25UK£0.073
UK£0.15
+108.6%
22.2%UK£0.20UK£0.12n/a3
Jan ’25UK£0.099
UK£0.18
+79.2%
14.9%UK£0.20UK£0.14n/a3
Dec ’24UK£0.11
UK£0.18
+60.7%
12.0%UK£0.20UK£0.15n/a3
Nov ’24UK£0.099
UK£0.18
+82.7%
12.0%UK£0.20UK£0.15UK£0.0633
Oct ’24UK£0.064
UK£0.18
+181.3%
12.0%UK£0.20UK£0.15UK£0.0683
Sep ’24UK£0.065
UK£0.18
+179.1%
12.0%UK£0.20UK£0.15UK£0.0673
Aug ’24UK£0.072
UK£0.18
+150.0%
12.0%UK£0.20UK£0.15UK£0.0713
Jul ’24UK£0.072
UK£0.18
+154.6%
12.9%UK£0.20UK£0.15UK£0.0733
Jun ’24UK£0.078
UK£0.18
+135.0%
12.9%UK£0.20UK£0.15UK£0.0823
May ’24UK£0.08
UK£0.18
+128.0%
12.9%UK£0.20UK£0.15UK£0.0593
Apr ’24UK£0.077
UK£0.20
+162.3%
18.9%UK£0.26UK£0.15UK£0.0624
Mar ’24UK£0.08
UK£0.20
+150.9%
19.4%UK£0.26UK£0.15UK£0.0654
Feb ’24UK£0.074
UK£0.20
+169.6%
19.4%UK£0.26UK£0.15UK£0.0734
Jan ’24UK£0.08
UK£0.20
+146.3%
20.0%UK£0.26UK£0.15UK£0.0994
Dec ’23UK£0.075
UK£0.20
+162.7%
20.0%UK£0.26UK£0.15UK£0.114
Nov ’23UK£0.078
UK£0.21
+168.6%
21.9%UK£0.26UK£0.15UK£0.0994

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.

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