Electra Battery Materials Corporation

NasdaqCM:ELBM Stock Report

Market Cap: US$26.7m

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 ($1.76) is trading below our estimate of fair value ($16.48)

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$38.64m

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 Average20.1x
LITM Snow Lake Resources
1.4xn/aUS$25.5m
LQMT Liquidmetal Technologies
1.2xn/aUS$37.2m
COBA Chilean Cobalt
74.6xn/aUS$21.8m
KEWL Keweenaw Land Association
3.1xn/aUS$42.8m
ELBM Electra Battery Materials
0.6x68.6%US$38.6m

Price-To-Book vs Peers: ELBM is good value based on its Price-To-Book Ratio (0.6x) compared to the peer average (20.1x).

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
0.1xn/aUS$4.68m
GESI General European Strategic Investments
0.2xn/aUS$4.59m
ELBM 0.6xIndustry Avg. 1.6xNo. of Companies11PB00.81.62.43.24+
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 (1.6x).

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$1.76
US$5.47
+210.7%
36.7%US$7.48US$3.46n/a2
Dec ’25US$1.99
US$7.00
+251.7%
14.9%US$8.04US$5.95n/a2
Nov ’25US$2.04
US$7.00
+243.0%
14.9%US$8.04US$5.95n/a2
Oct ’25US$2.34
US$7.00
+199.0%
14.9%US$8.04US$5.95n/a2
Sep ’25US$2.77
US$11.05
+299.6%
46.7%US$16.21US$5.90n/a2
Aug ’25US$1.37
US$11.05
+705.4%
46.7%US$16.21US$5.90n/a2
Jul ’25US$1.67
US$11.05
+561.9%
46.7%US$16.21US$5.90n/a2
Jun ’25US$1.88
US$11.05
+488.0%
46.7%US$16.21US$5.90n/a2
May ’25US$1.71
US$11.05
+547.6%
46.7%US$16.21US$5.90n/a2
Apr ’25US$1.87
US$11.05
+491.9%
46.7%US$16.21US$5.90n/a2
Mar ’25US$2.16
US$11.05
+411.7%
46.7%US$16.21US$5.90n/a2
Feb ’25US$1.36
US$11.66
+754.7%
36.8%US$16.03US$5.83n/a3
Jan ’25US$1.46
US$11.66
+698.2%
36.8%US$16.03US$5.83US$1.853
Dec ’24US$1.94
US$11.66
+500.8%
36.8%US$16.03US$5.83US$1.993
Nov ’24US$1.90
US$15.85
+732.6%
50.0%US$26.57US$7.68US$2.043
Oct ’24US$2.47
US$15.85
+541.0%
50.0%US$26.57US$7.68US$2.343
Sep ’24US$2.97
US$15.85
+433.2%
50.0%US$26.57US$7.68US$2.773
Aug ’24US$5.92
US$21.18
+257.8%
43.7%US$30.37US$10.32US$1.374
Jul ’24US$3.88
US$22.31
+474.9%
38.2%US$30.35US$10.32US$1.674
Jun ’24US$4.45
US$21.77
+388.7%
37.6%US$29.52US$10.33US$1.884
May ’24US$7.40
US$26.64
+260.0%
8.6%US$29.68US$23.74US$1.714
Apr ’24US$8.20
US$26.64
+224.9%
8.6%US$29.68US$23.74US$1.874
Mar ’24US$8.04
US$26.64
+231.3%
8.6%US$29.68US$23.74US$2.164
Feb ’24US$9.29
US$27.33
+194.4%
5.1%US$29.29US$26.36US$1.363
Jan ’24US$6.64
US$27.33
+311.7%
5.1%US$29.29US$26.36US$1.463

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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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/05 13:26
End of Day Share Price 2025/01/03 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Electra Battery Materials Corporation is covered by 5 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jacob SekelskyAlliance Global Partners
null nullCantor Fitzgerald Canada Corporation
Mitch VanderydtEight Capital