Lifezone Metals Limited

NYSE:LZM Stock Report

Market Cap: US$543.5m

Lifezone Metals Valuation

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

Valuation Score

0/6

Valuation Score 0/6

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

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

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

Key Valuation Metric

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

Key metric: As LZM barely has revenue we use its Price-To-Book Ratio for relative valuation analysis.

The above table shows the Price to Book ratio for LZM. This is calculated by dividing LZM's market cap by their current book value.
What is LZM's PB Ratio?
PB Ratio15.6x
BookUS$35.46m
Market CapUS$543.48m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for LZM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average11.6x
CMP Compass Minerals International
1.7x60.7%US$618.0m
GSM Ferroglobe
0.9x49.4%US$841.7m
EUBG Entrepreneur Universe Bright Group
42.9xn/aUS$362.2m
NEXA Nexa Resources
1x78.0%US$1.0b
LZM Lifezone Metals
15.6x101.0%US$543.5m

Price-To-Book vs Peers: LZM is expensive based on its Price-To-Book Ratio (15.6x) compared to the peer average (11.6x).

Price to Book Ratio vs Industry

How does LZM'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
GORO Gold Resource
0.2xn/aUS$13.18m
BMXI Brookmount Explorations
0.1xn/aUS$5.52m
LZM 15.6xIndustry Avg. 1.7xNo. of Companies14PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: LZM is expensive based on its Price-To-Book Ratio (15.6x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is LZM'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.

LZM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio15.6x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate LZM'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 LZM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$6.86
US$14.00
+104.1%
17.5%US$17.00US$11.00n/a3
Nov ’25US$6.46
US$14.34
+121.9%
15.3%US$17.00US$11.00n/a4
Oct ’25US$6.69
US$14.34
+114.3%
15.3%US$17.00US$11.00n/a4
Sep ’25US$6.16
US$14.34
+132.8%
15.3%US$17.00US$11.00n/a4
Aug ’25US$7.38
US$14.33
+94.2%
13.7%US$17.00US$11.00n/a5
Jul ’25US$8.37
US$14.33
+71.2%
13.7%US$17.00US$11.00n/a5
Jun ’25US$9.02
US$14.45
+60.2%
14.1%US$17.00US$11.00n/a5
May ’25US$6.80
US$14.47
+112.8%
14.3%US$17.10US$11.00n/a5
Apr ’25US$7.85
US$15.07
+92.0%
8.3%US$17.10US$14.00n/a5
Mar ’25US$5.71
US$14.72
+157.8%
5.4%US$15.95US$14.00n/a5
Feb ’25US$5.95
US$14.75
+147.9%
5.7%US$16.10US$14.00n/a5
Jan ’25US$9.04
US$14.45
+59.9%
4.4%US$15.36US$14.00n/a3
Dec ’24US$10.03
US$14.26
+42.1%
2.5%US$14.77US$14.00n/a3

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

Discover undervalued companies

Huntsman

US$3.3b

Manufactures and sells diversified organic chemical products worldwide.

HUN

US$19.42

7D

-1.3%

1Y

-22.1%

Trinseo

US$117.5m

Operates as a specialty material solutions provider in the United States, Europe, the Asia-Pacific, and internationally.

TSE

US$3.25

7D

-10.2%

1Y

-49.9%

CMOC Group

HK$166.5b

Engages in the mining, beneficiation, smelting, and refining of base and rare metals.

CMCL.F

HK$0.77

7D

1.7%

1Y

40.1%