Kodal Minerals PLC

AIM:KOD Stock Report

Market Cap: UK£63.2m

Kodal Minerals Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Below Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow Value

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

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: KOD (£0) is trading below our estimate of future cash flow value (£1.12)

Significantly Below Future Cash Flow Value: KOD is trading below future cash flow value by more than 20%.

Key Valuation Metric

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

Key metric: As KOD 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 KOD. This is calculated by dividing KOD's market cap by their current book value.
What is KOD's PB Ratio?
PB Ratio1.3x
BookUK£44.58m
Market CapUK£63.16m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for KOD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average7x
1SN First Tin
1.3xn/aUK£68.8m
ZNWD Zinnwald Lithium
1.4xn/aUK£48.8m
ARS Asiamet Resources
22.4xn/aUK£47.5m
ATM Andrada Mining
3.1x120.04%UK£79.2m
KOD Kodal Minerals
1.3x28.28%UK£63.2m

Price-To-Book vs Peers: KOD is good value based on its Price-To-Book Ratio (1.3x) compared to the peer average (7x).

Historical Price to Book Ratio

Historical Price to Book Ratio compares a stock's price to the book value of it's equity over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Book Ratio vs Industry

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

17 CompaniesPrice / BookEstimated GrowthMarket Cap
POG Petropavlovsk
0.08x12.47%US$56.91m
GEMD Gem Diamonds
0.07xn/aUS$7.12m
IRON Ironveld
0.2xn/aUS$6.38m
WRES W Resources
0.2xn/aUS$4.68m
KOD 1.3xIndustry Avg. 1.5xNo. of Companies19PB01.22.43.64.86+
17 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: KOD is good value based on its Price-To-Book Ratio (1.3x) compared to the UK Metals and Mining industry average (1.5x).

Price to Book Ratio vs Fair Ratio

What is KOD'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.

KOD PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate KOD'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 KOD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.0029
UK£0.0092
+211.86%
22.61%UK£0.012UK£0.007n/a3
Jun ’27UK£0.0031
UK£0.0092
+201.64%
22.61%UK£0.012UK£0.007n/a3
May ’27UK£0.0031
UK£0.01
+232.26%
16.50%UK£0.012UK£0.0086n/a2
Apr ’27UK£0.0034
UK£0.0093
+173.53%
7.53%UK£0.01UK£0.0086n/a2
Mar ’27UK£0.0042
UK£0.0093
+124.10%
7.53%UK£0.01UK£0.0086n/a2
Jun ’26UK£0.0031
UK£0.0098
+222.95%
1.52%UK£0.01UK£0.0097UK£0.00312
May ’26UK£0.0036
UK£0.0098
+173.61%
1.52%UK£0.01UK£0.0097UK£0.00312
Apr ’26UK£0.0041
UK£0.0098
+140.24%
1.52%UK£0.01UK£0.0097UK£0.00342
Mar ’26UK£0.0036
UK£0.0098
+173.61%
1.52%UK£0.01UK£0.0097UK£0.00422
Feb ’26UK£0.004
UK£0.0098
+146.25%
1.52%UK£0.01UK£0.0097UK£0.00472
Jan ’26UK£0.0046
UK£0.0098
+116.48%
1.52%UK£0.01UK£0.0097UK£0.00332
Dec ’25UK£0.0034
UK£0.0098
+189.71%
1.52%UK£0.01UK£0.0097UK£0.00342
Nov ’25UK£0.0041
UK£0.0098
+140.24%
1.52%UK£0.01UK£0.0097UK£0.00312
Oct ’25UK£0.0043
UK£0.012
+178.16%
19.83%UK£0.015UK£0.0097UK£0.00292
Sep ’25UK£0.005
UK£0.012
+139.60%
19.83%UK£0.015UK£0.0097UK£0.00362
Aug ’25UK£0.0053
UK£0.012
+126.17%
19.83%UK£0.015UK£0.0097UK£0.00322
Jul ’25UK£0.0058
UK£0.013
+117.24%
23.02%UK£0.015UK£0.0097UK£0.00242
UK£0.0092
Fair Value
67.9% undervalued intrinsic discount
3
Number of Analysts

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 Analysis2026/06/10 17:47
End of Day Share Price 2026/06/10 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

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 Github.

Analyst Sources

Kodal Minerals PLC is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Timothy HuffCanaccord Genuity
William DalbyCanaccord Genuity
Peter Mallin-JonesPeel Hunt LLP