Highland Copper Valuation

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

Valuation Score

2/6

Valuation Score 2/6

Below Fair Value
Significantly Below Fair Value
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of HDRS.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 HDRS.F's fair value for valuation analysis.

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

Key Valuation Metric

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

Key metric: As HDRS.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for HDRS.F. This is calculated by dividing HDRS.F's market cap by their current earnings.
What is HDRS.F's PE Ratio?
PE Ratio	2x
Earnings	US$24.20m
Market Cap	US$47.46m

HDRS.F key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	n/a
Enterprise Value/EBITDA	-2.2x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does HDRS.F's PE Ratio compare to its peers?

The above table shows the PE ratio for HDRS.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	60.8x
IDR Idaho Strategic Resources	25.7x	30.3%	US$171.4m
EUBG Entrepreneur Universe Bright Group	196.3x	n/a	US$362.2m
BMXI Brookmount Explorations	0.6x	n/a	US$5.5m
GSM Ferroglobe	20.8x	49.4%	US$843.6m
HDRS.F Highland Copper	2x	n/a	US$66.3m

Price-To-Earnings vs Peers: HDRS.F is good value based on its Price-To-Earnings Ratio (2x) compared to the peer average (60.8x).

Price to Earnings Ratio vs Industry

How does HDRS.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

6 Companies	Price / Earnings	Estimated Growth	Market Cap
Industry Avg.	19.1x	20.9%
HDRS.F Highland Copper	2x	n/a	US$47.46m
VITF.F Victoria Gold	2.1x	n/a	US$23.43m
BMXI Brookmount Explorations	0.6x	n/a	US$5.46m

6 Companies		Estimated Growth	Market Cap
Industry Avg.	19.1x	20.9%
HDRS.F Highland Copper	2x	n/a	US$47.46m

No more companies

Price-To-Earnings vs Industry: HDRS.F is good value based on its Price-To-Earnings Ratio (2x) compared to the US Metals and Mining industry average (19.1x).

Price to Earnings Ratio vs Fair Ratio

What is HDRS.F's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HDRS.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	2x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate HDRS.F's Price-To-Earnings 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 HDRS.F forecast and predictions for the stock price in 12 month’s time.
Date	Share Price	Average 1Y Price Target	Dispersion	High	Low	1Y Actual price	Analysts
Current	US$0.066	US$0.14 +118.9%	1.7%	US$0.15	US$0.14	n/a	2
Nov ’25	US$0.069	US$0.15 +111.3%	0.7%	US$0.15	US$0.14	n/a	2
Oct ’25	US$0.072	US$0.15 +103.6%	0.7%	US$0.15	US$0.14	n/a	2
Sep ’25	US$0.074	US$0.15 +96.0%	0.7%	US$0.15	US$0.14	n/a	2
Aug ’25	US$0.075	US$0.15 +95.5%	0.7%	US$0.15	US$0.14	n/a	2
Jul ’25	US$0.089	US$0.15 +64.2%	0.7%	US$0.15	US$0.14	n/a	2

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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