Greatland Gold plc

AIM:GGP Stock Report

Market Cap: UK£805.7m

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 (£0.06) is trading below our estimate of fair value (£0.58)

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 Ratio19.7x
BookUK£40.96m
Market CapUK£805.68m

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 Average1.7x
PAF Pan African Resources
2.2x29.5%UK£635.3m
HOC Hochschild Mining
2.3x53.2%UK£1.1b
SRB Serabi Gold
1x33.1%UK£82.6m
CNR Condor Gold
1.2xn/aUK£57.8m
GGP Greatland Gold
19.7x35.4%UK£805.7m

Price-To-Book vs Peers: GGP is expensive based on its Price-To-Book Ratio (19.7x) compared to the peer average (1.7x).

Price to Book Ratio vs Industry

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

11 CompaniesPrice / BookEstimated GrowthMarket Cap
POG Petropavlovsk
0.08x12.5%US$56.91m
GEMD Gem Diamonds
0.1x1.9%US$18.76m
80M 80 Mile
0.1xn/aUS$7.06m
RMM Rambler Metals and Mining
0.05xn/aUS$4.07m
GGP 19.7xIndustry Avg. 0.9xNo. of Companies18PB00.61.21.82.43+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: GGP is expensive based on its Price-To-Book Ratio (19.7x) compared to the UK Metals and Mining industry average (0.9x).

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 Ratio19.7x
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£0.062
UK£0.12
+100.2%
33.3%UK£0.17UK£0.07n/a3
Dec ’25UK£0.072
UK£0.13
+75.0%
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£0.15UK£0.0723
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

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/30 11:28
End of Day Share Price 2024/12/30 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Greatland Gold plc is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard HatchBerenberg
Samuel CatalanoCanaccord Genuity
Alexander BedwanyCanaccord Genuity