Metalla Royalty & Streaming Ltd.

NYSEAM:MTA Stock Report

Market Cap: US$260.1m

Metalla Royalty & Streaming Valuation

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

Valuation Score

3/6

Valuation Score 3/6

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

Below Fair Value: MTA ($2.85) is trading above our estimate of fair value ($1.56)

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

Key Valuation Metric

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

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

The above table shows the Price to Book ratio for MTA. This is calculated by dividing MTA's market cap by their current book value.
What is MTA's PB Ratio?
PB Ratio1x
BookUS$252.24m
Market CapUS$260.08m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for MTA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average5.6x
ATLX Atlas Lithium
4.9x145.2%US$114.6m
TG Tredegar
1.5xn/aUS$238.1m
MSB Mesabi Trust
15.1xn/aUS$334.7m
CMCL Caledonia Mining
0.9x93.0%US$214.2m
MTA Metalla Royalty & Streaming
1x63.4%US$366.4m

Price-To-Book vs Peers: MTA is good value based on its Price-To-Book Ratio (1x) compared to the peer average (5.6x).

Price to Book Ratio vs Industry

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

7 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$6.14m
HZMM.F Horizonte Minerals
0.003xn/aUS$1.05m
MTA 1.0xIndustry Avg. 1.7xNo. of Companies12PB00.81.62.43.24+
7 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: MTA is good value based on its Price-To-Book Ratio (1x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is MTA'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.

MTA PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio1x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MTA'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 MTA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$2.85
US$5.48
+92.3%
14.8%US$6.92US$4.61n/a5
Nov ’25US$3.50
US$5.53
+58.0%
14.8%US$6.99US$4.66n/a5
Oct ’25US$3.27
US$5.75
+75.8%
11.3%US$6.84US$5.18n/a4
Sep ’25US$2.99
US$5.81
+94.3%
12.0%US$6.76US$5.12n/a3
Aug ’25US$2.84
US$5.77
+103.1%
12.0%US$6.71US$5.08n/a3
Jul ’25US$2.74
US$5.78
+110.9%
12.0%US$6.72US$5.09n/a3
Jun ’25US$3.20
US$5.80
+81.1%
12.0%US$6.74US$5.10n/a3
May ’25US$2.87
US$5.84
+103.4%
12.5%US$6.57US$5.11n/a2
Apr ’25US$3.21
US$5.89
+83.6%
12.5%US$6.63US$5.16n/a2
Nov ’24US$2.79
US$6.24
+123.8%
33.1%US$8.02US$2.73US$3.504
Oct ’24US$3.06
US$6.28
+105.1%
32.3%US$7.81US$2.79US$3.274
Sep ’24US$4.19
US$7.65
+82.6%
4.1%US$7.93US$7.18US$2.994
Aug ’24US$4.57
US$7.65
+67.4%
4.1%US$7.93US$7.18US$2.844
Jul ’24US$4.34
US$7.57
+74.4%
4.1%US$7.85US$7.10US$2.744
Jun ’24US$4.40
US$7.57
+71.9%
3.2%US$7.80US$7.24US$3.204
May ’24US$5.01
US$7.75
+54.7%
7.3%US$8.67US$7.20US$2.874
Apr ’24US$5.59
US$7.65
+36.8%
11.2%US$9.10US$6.92US$3.214
Mar ’24US$4.60
US$7.81
+69.7%
11.2%US$9.30US$7.06US$2.554
Feb ’24US$5.18
US$7.81
+50.7%
12.5%US$9.41US$6.77US$2.974
Jan ’24US$4.91
US$7.70
+56.9%
11.1%US$9.26US$6.67US$3.085
Dec ’23US$5.60
US$7.70
+37.5%
11.1%US$9.26US$6.67US$3.265
Nov ’23US$4.79
US$7.78
+62.4%
27.6%US$11.01US$4.77US$2.795

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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