AMG Critical Materials Valuation

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

Valuation Score

4/6

Valuation Score 4/6

Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: AMGA (€16.77) is trading below our estimate of fair value (€205.56)

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

Key Valuation Metric

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

Key metric: As AMGA is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for AMGA. This is calculated by dividing AMGA's market cap by their current revenue.
What is AMGA's PS Ratio?
PS Ratio	0.3x
Sales	US$1.45b
Market Cap	US$487.02m

AMGA key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	0.7x
Enterprise Value/EBITDA	7.8x
PEG Ratio	n/a

Price to Sales Ratio vs Peers

How does AMGA's PS Ratio compare to its peers?

The above table shows the PS ratio for AMGA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PS	Estimated Growth	Market Cap
Peer Average	1.1x
KMR Kenmare Resources	1.1x	5.6%	UK£321.2m
GFM Griffin Mining	2x	-5.1%	UK£260.3m
CAPD Capital	0.6x	3.0%	UK£164.5m
MTL Metals Exploration	0.7x	-5.7%	UK£98.5m
AMGA AMG Critical Materials	0.3x	9.7%	€460.2m

Price-To-Sales vs Peers: AMGA is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (1.1x).

Price to Sales Ratio vs Industry

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

14 Companies	Price / Sales	Estimated Growth	Market Cap
GLEN Glencore	0.3x	-0.8%	US$58.65b
NLMK Novolipetsk Steel	0.3x	n/a	US$4.08b
EVR EVRAZ	0.1x	-8.5%	US$1.42b
PDL Petra Diamonds	0.2x	8.5%	US$83.83m

14 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Sales vs Industry: AMGA is good value based on its Price-To-Sales Ratio (0.3x) compared to the UK Metals and Mining industry average (2x).

Price to Sales Ratio vs Fair Ratio

What is AMGA's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AMGA PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio	0.3x
Fair PS Ratio	n/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate AMGA's Price-To-Sales 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?

Analyst Forecast: Insufficient data to show price forecast.

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