Trident Royalties Plc

AIM:TRR Stock Report

Market Cap: UK£142.4m

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Trident Royalties Valuation

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

Below Fair Value: TRR (£0.49) is trading below our estimate of fair value (£0.64)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for TRR. This is calculated by dividing TRR's market cap by their current earnings.
What is TRR's PE Ratio?
PE Ratio78.2x
EarningsUS$2.39m
Market CapUS$187.10m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for TRR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.1x
JLP Jubilee Metals Group
30.5x84.0%UK£143.3m
SLP Sylvania Platinum
20.7x43.0%UK£113.9m
GEMD Gem Diamonds
20.2x1.9%UK£14.7m
CGS Castings
9.2x-0.1%UK£111.3m
TRR Trident Royalties
78.2x52.2%UK£142.4m

Price-To-Earnings vs Peers: TRR is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the peer average (15.3x).

Price to Earnings Ratio vs Industry

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

4 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9x-60.3%US$128.15m
TGR Tirupati Graphite
1.2xn/aUS$10.50m
No more companies available in this PE range
TRR 78.2xIndustry Avg. 9.4xNo. of Companies6PE0816243240+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: TRR is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the UK Metals and Mining industry average (11.6x).

Price to Earnings Ratio vs Fair Ratio

What is TRR'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.

TRR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio78.2x
Fair PE Ratio29.6x

Price-To-Earnings vs Fair Ratio: TRR is expensive based on its Price-To-Earnings Ratio (78.2x) compared to the estimated Fair Price-To-Earnings Ratio (29.6x).

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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