Freegold Ventures Limited

OTCPK:FGOV.F Stock Report

Market Cap: US$277.1m

Freegold Ventures Valuation

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

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

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for FGOV.F?

Key metric: As FGOV.F 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 FGOV.F. This is calculated by dividing FGOV.F's market cap by their current book value.
What is FGOV.F's PB Ratio?
PB Ratio2.8x
BookUS$100.31m
Market CapUS$277.12m

Price to Book Ratio vs Peers

How does FGOV.F's PB Ratio compare to its peers?

The above table shows the PB ratio for FGOV.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average2.4x
GDRZ.F Gold Reserve
6xn/aUS$226.1m
GROY Gold Royalty
0.4x171.6%US$216.7m
CMCL Caledonia Mining
0.8x93.0%US$206.2m
DC Dakota Gold
2.3xn/aUS$211.5m
FGOV.F Freegold Ventures
2.8xn/aUS$387.3m

Price-To-Book vs Peers: FGOV.F is expensive based on its Price-To-Book Ratio (2.8x) compared to the peer average (2.4x).

Price to Book Ratio vs Industry

How does FGOV.F'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$5.00m
LITM Snow Lake Resources
0.2xn/aUS$4.27m
FGOV.F 2.8xIndustry Avg. 1.7xNo. of Companies16PB012345+
8 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: FGOV.F is expensive based on its Price-To-Book Ratio (2.8x) compared to the US Metals and Mining industry average (1.7x).

Price to Book Ratio vs Fair Ratio

What is FGOV.F'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.

FGOV.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2.8x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate FGOV.F'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?

Analyst Forecast: Insufficient data to show price forecast.

Discover undervalued companies

Ecora Resources

UK£162.5m

Operates as a natural resource royalty and streaming company in Australia, North and South America, Europe, and internationally.

ECRA.F

UK£0.82

7D

-4.5%

1Y

-28.7%

Allied Gold

CA$1.1b

Explores for and produces mineral deposits in Africa.

AAUC.F

CA$2.47

7D

16.0%

1Y

-18.0%

CMOC Group

HK$159.9b

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

CMCL.F

HK$0.77

7D

-2.2%

1Y

29.7%