Electra Battery Materials Corporation

NasdaqCM:ELBM Stock Report

Market Cap: US$28.7m

Electra Battery Materials Valuation

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

Valuation Score

4/6

Valuation Score 4/6

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

Below Fair Value: ELBM ($0.5) is trading below our estimate of fair value ($4.62)

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

Key Valuation Metric

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

Key metric: As ELBM 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 ELBM. This is calculated by dividing ELBM's market cap by their current book value.
What is ELBM's PB Ratio?
PB Ratio0.6x
BookCA$65.49m
Market CapCA$40.27m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for ELBM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average9.7x
FEAM 5E Advanced Materials
14.9x18.1%US$31.1m
LQMT Liquidmetal Technologies
1.4xn/aUS$44.0m
KEWL Keweenaw Land Association
3xn/aUS$42.8m
TMRC Texas Mineral Resources
19.4xn/aUS$19.8m
ELBM Electra Battery Materials
0.6x104.8%US$40.3m

Price-To-Book vs Peers: ELBM is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (9.8x).

Price to Book Ratio vs Industry

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

8 CompaniesPrice / BookEstimated GrowthMarket Cap
NEVD.Q Nevada Copper
0.1xn/aUS$26.02m
VITF.F Victoria Gold
0.06xn/aUS$23.43m
BMXI Brookmount Explorations
0.2xn/aUS$6.03m
LITM Snow Lake Resources
0.2xn/aUS$4.14m
ELBM 0.6xIndustry Avg. 1.8xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: ELBM is good value based on its Price-To-Book Ratio (0.6x) compared to the US Metals and Mining industry average (1.8x).

Price to Book Ratio vs Fair Ratio

What is ELBM'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.

ELBM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.6x
Fair PB Ration/a

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

The above table shows the analyst ELBM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.50
US$1.69
+240.2%
14.9%US$1.94US$1.44n/a2
Nov ’25US$0.51
US$1.69
+231.8%
14.9%US$1.94US$1.44n/a2
Oct ’25US$0.58
US$1.73
+196.3%
14.9%US$1.99US$1.48n/a2
Sep ’25US$0.69
US$2.75
+298.1%
46.7%US$4.04US$1.47n/a2
Aug ’25US$0.34
US$2.71
+690.2%
46.7%US$3.98US$1.45n/a2
Jul ’25US$0.42
US$2.77
+563.7%
46.7%US$4.06US$1.48n/a2
Jun ’25US$0.47
US$2.77
+489.6%
46.7%US$4.06US$1.48n/a2
May ’25US$0.43
US$2.77
+549.4%
46.7%US$4.06US$1.48n/a2
Apr ’25US$0.47
US$2.76
+491.9%
46.7%US$4.05US$1.47n/a2
Mar ’25US$0.54
US$2.76
+411.7%
46.7%US$4.05US$1.47n/a2
Feb ’25US$0.34
US$2.91
+754.7%
36.8%US$4.01US$1.46n/a3
Jan ’25US$0.37
US$2.91
+698.2%
36.8%US$4.01US$1.46n/a3
Dec ’24US$0.49
US$2.91
+500.8%
36.8%US$4.01US$1.46n/a3
Nov ’24US$0.48
US$3.96
+732.6%
50.0%US$6.64US$1.92US$0.513
Oct ’24US$0.62
US$3.96
+541.0%
50.0%US$6.64US$1.92US$0.583
Sep ’24US$0.74
US$3.96
+433.2%
50.0%US$6.64US$1.92US$0.693
Aug ’24US$1.48
US$5.30
+257.8%
43.7%US$7.59US$2.58US$0.344
Jul ’24US$0.97
US$5.58
+474.9%
38.2%US$7.59US$2.58US$0.424
Jun ’24US$1.11
US$5.44
+388.7%
37.6%US$7.38US$2.58US$0.474
May ’24US$1.85
US$6.66
+260.0%
8.6%US$7.42US$5.94US$0.434
Apr ’24US$2.05
US$6.66
+224.9%
8.6%US$7.42US$5.94US$0.474
Mar ’24US$2.01
US$6.66
+231.3%
8.6%US$7.42US$5.94US$0.544
Feb ’24US$2.32
US$6.83
+194.4%
5.1%US$7.32US$6.59US$0.343
Jan ’24US$1.66
US$6.83
+311.7%
5.1%US$7.32US$6.59US$0.373
Dec ’23US$2.33
US$7.25
+211.3%
4.9%US$7.50US$6.75US$0.493
Nov ’23US$3.02
US$7.92
+162.2%
8.3%US$9.02US$7.30US$0.484

Analyst Forecast: Target price is more than 20% higher than the current share price, but there are not enough analysts covering the stock to determine statistical confidence in agreement.

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