Apex Mining Valuation

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

Below Fair Value: APX (₱3.64) is trading below our estimate of fair value (₱9.02)

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

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for APX. This is calculated by dividing APX's market cap by their current earnings.
What is APX's PE Ratio?
PE Ratio	5.1x
Earnings	₱4.05b
Market Cap	₱20.76b

APX 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	1.8x
Enterprise Value/EBITDA	3.6x
PEG Ratio	0.5x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for APX vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	42.9x
LCB Lepanto Consolidated Mining	117.1x	n/a	₱4.7b
OGP OceanaGold (Philippines)	23.7x	38.6%	₱32.5b
AT Atlas Consolidated Mining and Development	10.9x	n/a	₱14.9b
PX Philex Mining	19.8x	73.9%	₱16.0b
APX Apex Mining	5.1x	10.1%	₱20.6b

Price-To-Earnings vs Peers: APX is good value based on its Price-To-Earnings Ratio (5.1x) compared to the peer average (42.9x).

Price to Earnings Ratio vs Industry

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

30 Companies	Price / Earnings	Estimated Growth	Market Cap

30 Companies		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: APX is good value based on its Price-To-Earnings Ratio (5.1x) compared to the Asian Metals and Mining industry average (19.4x).

Price to Earnings Ratio vs Fair Ratio

What is APX'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.

APX PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	5.1x
Fair PE Ratio	10x

Price-To-Earnings vs Fair Ratio: APX is good value based on its Price-To-Earnings Ratio (5.1x) compared to the estimated Fair Price-To-Earnings Ratio (10x).

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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