Metals Exploration Valuation

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

Valuation Score

5/6

Valuation Score 5/6

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

Below Fair Value: MTL (£0.05) is trading below our estimate of fair value (£0.52)

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


Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for MTL. This is calculated by dividing MTL's market cap by their current earnings.
What is MTL's PE Ratio?
PE Ratio0.8x
EarningsUS$140.78m
Market CapUS$113.55m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for MTL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average7.5x
KOD Kodal Minerals
2.6x-46.5%UK£70.1m
CAPD Capital
7x6.9%UK£159.8m
GFM Griffin Mining
15.7x-3.8%UK£265.8m
KMR Kenmare Resources
4.8x4.3%UK£319.4m
MTL Metals Exploration
0.8x-60.3%UK£89.9m

Price-To-Earnings vs Peers: MTL is good value based on its Price-To-Earnings Ratio (0.8x) compared to the peer average (7.5x).


Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.9.6x22.2%
MTL Metals Exploration
0.8x-60.3%US$113.55m
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL 0.8xIndustry Avg. 9.6xNo. of Companies6PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
Industry Avg.9.6x22.2%
MTL Metals Exploration
0.8x-60.3%US$113.55m
No more companies

Price-To-Earnings vs Industry: MTL is good value based on its Price-To-Earnings Ratio (0.8x) compared to the UK Metals and Mining industry average (9.5x).


Price to Earnings Ratio vs Fair Ratio

What is MTL'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.

MTL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio0.8x
Fair PE Ratio3.9x

Price-To-Earnings vs Fair Ratio: MTL is good value based on its Price-To-Earnings Ratio (0.8x) compared to the estimated Fair Price-To-Earnings Ratio (3.9x).


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.


Discover undervalued companies