AMG Advanced Metallurgical Group N.V.

ENXTAM:AMG Stock Report

Mkt Cap: €1.1b

We’ve recently updated our valuation analysis.

AMG Advanced Metallurgical Group Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AMG 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/Revenue1.1x
Enterprise Value/EBITDA5.9x
PEG Ratio1.2x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for AMG vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average26.7x
APAM Aperam
2.6x-35.3%€2.7b
CRBN Corbion
34.7x16.8%€2.2b
002149 Western Metal Materials
51.1xn/aCN¥8.4b
HBM Hudbay Minerals
18.5x24.8%CA$1.9b
AMG AMG Advanced Metallurgical Group
9.2x7.8%€1.1b

Price-To-Earnings vs Peers: AMG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the peer average (26.7x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a-12.6%
n/an/an/a

Price-To-Earnings vs Industry: AMG is expensive based on its Price-To-Earnings Ratio (9.2x) compared to the European Metals and Mining industry average (5.9x)


Price to Earnings Ratio vs Fair Ratio

What is AMG'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.

AMG PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.2x
Fair PE Ratio9.6x

Price-To-Earnings vs Fair Ratio: AMG is good value based on its Price-To-Earnings Ratio (9.2x) compared to the estimated Fair Price-To-Earnings Ratio (9.6x).


Share Price vs Fair Value

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

Below Fair Value: AMG (€35.4) is trading above our estimate of fair value (€7.67)

Significantly Below Fair Value: AMG is trading above our estimate of fair value.


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 AMG forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€35.40
€50.56
+42.8%
7.2%€54.02€45.24n/a4
Jan ’24€34.40
€49.24
+43.1%
8.1%€53.84€42.40n/a5
Dec ’23€37.36
€49.24
+31.8%
8.1%€53.84€42.40n/a5
Nov ’23€32.94
€49.34
+49.8%
11.7%€53.89€38.26n/a5
Oct ’23€23.28
€48.65
+109.0%
12.9%€56.15€40.06n/a5
Sep ’23€24.22
€48.38
+99.7%
12.6%€55.51€39.60n/a5
Aug ’23€26.88
€48.67
+81.1%
12.7%€56.71€38.94n/a5
Jul ’23€23.80
€48.51
+103.8%
10.2%€54.91€42.71n/a5
Jun ’23€34.14
€47.67
+39.6%
10.2%€53.97€41.98n/a5
May ’23€37.54
€46.73
+24.5%
12.4%€54.63€38.02n/a5
Apr ’23€39.84
€43.57
+9.4%
10.5%€50.00€38.62n/a5
Mar ’23€33.26
€39.96
+20.1%
9.9%€46.71€35.26n/a5
Feb ’23€31.18
€39.40
+26.4%
12.0%€47.37€34.92€34.564
Jan ’23€28.18
€36.91
+31.0%
5.0%€39.24€35.04€34.404
Dec ’22€25.20
€36.90
+46.4%
6.0%€39.15€34.07€37.364
Nov ’22€25.66
€38.02
+48.2%
5.3%€40.67€35.08€32.944
Oct ’22€27.70
€38.95
+40.6%
5.7%€41.51€35.34€23.285
Sep ’22€29.88
€37.08
+24.1%
2.2%€38.53€36.32€24.225
Aug ’22€26.32
€36.53
+38.8%
1.4%€37.08€35.98€26.884
Jul ’22€28.70
€37.89
+32.0%
4.5%€41.03€35.80€23.805
Jun ’22€30.34
€37.25
+22.8%
5.2%€40.87€35.00€34.145
May ’22€31.92
€34.80
+9.0%
14.5%€38.80€24.94€37.545
Apr ’22€34.28
€36.00
+5.0%
14.1%€40.16€26.13€39.845
Mar ’22€30.91
€27.51
-11.0%
9.9%€31.14€24.27€33.265
Feb ’22€26.29
€27.69
+5.3%
9.6%€31.05€24.49€31.185

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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