Ecora Resources PLC

LSE:ECOR Stock Report

Market Cap: UK£161.0m

Ecora Resources Valuation

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

Below Fair Value: ECOR (£0.64) is trading below our estimate of fair value (£3.75)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for ECOR. This is calculated by dividing ECOR's market cap by their current earnings.
What is ECOR's PE Ratio?
PE Ratio10.2x
EarningsUS$19.81m
Market CapUS$203.00m

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for ECOR vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average8.2x
CGS Castings
9.7x-0.1%UK£115.6m
EVR EVRAZ
0.4xn/aUK£1.2b
HILS Hill & Smith
22.1x10.5%UK£1.7b
NLMK Novolipetsk Steel
0.8xn/aUS$4.1b
ECOR Ecora Resources
10.2x14.9%UK£161.0m

Price-To-Earnings vs Peers: ECOR is good value based on its Price-To-Earnings Ratio (10.2x) compared to the peer average (15.9x).

Price to Earnings Ratio vs Industry

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

8 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ENPL En+ Group International
2.2x8.0%US$4.67b
NLMK Novolipetsk Steel
0.8xn/aUS$4.08b
EVR EVRAZ
0.4xn/aUS$1.42b
MTL Metals Exploration
0.9x-60.3%US$120.92m
ECOR 10.2xIndustry Avg. 9.9xNo. of Companies8PE01020304050+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ECOR is expensive based on its Price-To-Earnings Ratio (10.2x) compared to the UK Metals and Mining industry average (9.9x).

Price to Earnings Ratio vs Fair Ratio

What is ECOR'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.

ECOR PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio10.2x
Fair PE Ratio13x

Price-To-Earnings vs Fair Ratio: ECOR is good value based on its Price-To-Earnings Ratio (10.2x) compared to the estimated Fair Price-To-Earnings Ratio (13x).

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 ECOR forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUK£0.64
UK£1.31
+104.0%
10.9%UK£1.50UK£1.10n/a5
Nov ’25UK£0.63
UK£1.32
+108.5%
11.1%UK£1.50UK£1.10n/a5
Oct ’25UK£0.70
UK£1.34
+91.4%
9.0%UK£1.50UK£1.20n/a5
Sep ’25UK£0.60
UK£1.42
+135.2%
8.1%UK£1.50UK£1.20n/a5
Aug ’25UK£0.68
UK£1.41
+105.8%
6.4%UK£1.50UK£1.25n/a5
Jul ’25UK£0.71
UK£1.47
+106.7%
6.2%UK£1.60UK£1.40n/a5
Jun ’25UK£0.81
UK£1.53
+88.9%
5.7%UK£1.65UK£1.40n/a5
May ’25UK£0.81
UK£1.51
+86.0%
6.8%UK£1.65UK£1.40n/a5
Apr ’25UK£0.76
UK£1.58
+106.8%
6.5%UK£1.75UK£1.50n/a5
Mar ’25UK£0.75
UK£1.62
+115.6%
11.7%UK£1.90UK£1.30n/a6
Feb ’25UK£0.90
UK£1.67
+84.6%
13.3%UK£1.90UK£1.30n/a6
Jan ’25UK£1.00
UK£1.75
+74.3%
8.6%UK£1.90UK£1.50n/a6
Dec ’24UK£0.90
UK£1.75
+94.4%
8.6%UK£1.90UK£1.50n/a6
Nov ’24UK£0.87
UK£1.72
+96.9%
7.8%UK£1.90UK£1.50UK£0.636
Oct ’24UK£1.07
UK£1.82
+69.5%
3.8%UK£1.90UK£1.70UK£0.706
Sep ’24UK£1.11
UK£1.88
+69.4%
8.9%UK£2.20UK£1.70UK£0.606
Aug ’24UK£1.14
UK£1.90
+67.3%
9.4%UK£2.20UK£1.70UK£0.685
Jul ’24UK£1.15
UK£2.04
+77.7%
8.0%UK£2.30UK£1.80UK£0.715
Jun ’24UK£1.11
UK£2.04
+83.5%
8.0%UK£2.30UK£1.80UK£0.815
May ’24UK£1.20
UK£2.11
+76.4%
8.8%UK£2.30UK£1.80UK£0.815
Apr ’24UK£1.18
UK£2.19
+85.3%
7.4%UK£2.40UK£1.90UK£0.765
Mar ’24UK£1.37
UK£2.41
+75.4%
7.0%UK£2.60UK£2.20UK£0.755
Feb ’24UK£1.45
UK£2.42
+67.1%
6.6%UK£2.60UK£2.20UK£0.905
Jan ’24UK£1.51
UK£2.73
+81.3%
15.8%UK£3.30UK£2.30UK£1.005
Dec ’23UK£1.41
UK£2.72
+92.4%
16.2%UK£3.30UK£2.30UK£0.905
Nov ’23UK£1.57
UK£2.74
+74.5%
15.4%UK£3.30UK£2.30UK£0.875

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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