Mawson Gold Limited

LSE:0A9C Stock Report

Market Cap: CA$315.3m

Mawson Gold Valuation

Is 0A9C 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 0A9C when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 0A9C (CA$1) is trading below our estimate of fair value (CA$7.86)

Significantly Below Fair Value: 0A9C is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 0A9C?

Key metric: As 0A9C 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 0A9C. This is calculated by dividing 0A9C's market cap by their current book value.
What is 0A9C's PB Ratio?
PB Ratio14.3x
BookCA$22.10m
Market CapCA$315.32m

Price to Book Ratio vs Peers

How does 0A9C's PB Ratio compare to its peers?

The above table shows the PB ratio for 0A9C vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average1.1x
SRB Serabi Gold
0.9x45.0%UK£67.4m
ALTN AltynGold
1xn/aUK£57.7m
CNR Condor Gold
1.1xn/aUK£49.6m
AAU Ariana Resources
1.3xn/aUK£44.9m
0A9C Mawson Gold
14.3xn/aCA$315.3m

Price-To-Book vs Peers: 0A9C is expensive based on its Price-To-Book Ratio (14.3x) compared to the peer average (1.1x).

Price to Book Ratio vs Industry

How does 0A9C's PB Ratio compare vs other companies in the GB Metals and Mining Industry?

13 CompaniesPrice / BookEstimated GrowthMarket Cap
POG Petropavlovsk
0.08x12.5%US$56.91m
GEMD Gem Diamonds
0.1x1.9%US$19.88m
HUM Hummingbird Resources
0.1xn/aUS$14.24m
RMM Rambler Metals and Mining
0.05xn/aUS$4.07m
0A9C 14.3xIndustry Avg. 1.0xNo. of Companies15PB00.61.21.82.43+
13 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: 0A9C is expensive based on its Price-To-Book Ratio (14.3x) compared to the UK Metals and Mining industry average (1x).

Price to Book Ratio vs Fair Ratio

What is 0A9C'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.

0A9C PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio14.3x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 0A9C'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?

Analyst Forecast: Insufficient data to show price forecast.

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