Taung Gold International Valuation

Is 621 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 621 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: Insufficient data to calculate 621's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate 621's fair value for valuation analysis.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 621?

Key metric: As 621 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 621. This is calculated by dividing 621's market cap by their current book value.
What is 621's PB Ratio?
PB Ratio	0.3x
Book	HK$2.13b
Market Cap	HK$617.15m

621 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	n/a
Enterprise Value/EBITDA	-39.1x
PEG Ratio	n/a

Price to Book Ratio vs Peers

How does 621's PB Ratio compare to its peers?

The above table shows the PB ratio for 621 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PB	Estimated Growth	Market Cap
Peer Average	1.2x
8299 GT Gold Holdings	1.8x	n/a	HK$1.1b
2489 Persistence Resources Group	1.6x	n/a	HK$1.6b
340 Tongguan Gold Group	0.8x	n/a	HK$2.0b
1712 Dragon Mining	0.7x	n/a	HK$230.8m
621 Taung Gold International	0.3x	n/a	HK$617.2m

Price-To-Book vs Peers: 621 is good value based on its Price-To-Book Ratio (0.3x) compared to the peer average (1.2x).

Price to Book Ratio vs Industry

How does 621's PB Ratio compare vs other companies in the HK Metals and Mining Industry?

4 Companies	Price / Book	Estimated Growth	Market Cap
6885 Henan Jinma Energy	0.09x	n/a	US$39.88m
1636 China Metal Resources Utilization	0.1x	n/a	US$27.46m
1194 Bay Area Gold Group	0.02x	n/a	US$13.31m
1266 Xiwang Special Steel	0.005x	n/a	US$3.04m

No more companies available in this PB range

4 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Book vs Industry: 621 is good value based on its Price-To-Book Ratio (0.3x) compared to the Hong Kong Metals and Mining industry average (0.7x).

Price to Book Ratio vs Fair Ratio

What is 621'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.

621 PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio	0.3x
Fair PB Ratio	n/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate 621'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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