Meridian Mining UK Societas

OTCPK:MRRD.F Stock Report

Market Cap: US$95.3m

Meridian Mining UK Societas Valuation

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

Below Fair Value: MRRD.F ($0.32) is trading below our estimate of fair value ($17.9)

Significantly Below Fair Value: MRRD.F is trading below fair value by more than 20%.

Key Valuation Metric

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

Key metric: As MRRD.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 MRRD.F. This is calculated by dividing MRRD.F's market cap by their current book value.
What is MRRD.F's PB Ratio?
PB Ratio5.2x
BookUS$18.35m
Market CapUS$95.33m

Price to Book Ratio vs Peers

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

The above table shows the PB ratio for MRRD.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average6.8x
ABAT American Battery Technology
1.2xn/aUS$70.4m
IDR Idaho Strategic Resources
4.8x30.3%US$157.2m
SGML Sigma Lithium
14.6x186.6%US$1.6b
USAU U.S. Gold
6.8xn/aUS$82.4m
MRRD.F Meridian Mining UK Societas
5.2x86.7%US$134.1m

Price-To-Book vs Peers: MRRD.F is good value based on its Price-To-Book Ratio (5.2x) compared to the peer average (6.8x).

Price to Book Ratio vs Industry

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

9 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$14.07m
BMXI Brookmount Explorations
0.1xn/aUS$6.54m
MRRD.F 5.2xIndustry Avg. 1.7xNo. of Companies14PB012345+
9 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: MRRD.F is expensive based on its Price-To-Book Ratio (5.2x) compared to the US Metals and Mining industry average (1.8x).

Price to Book Ratio vs Fair Ratio

What is MRRD.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.

MRRD.F PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio5.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate MRRD.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?

The above table shows the analyst MRRD.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$0.32
US$1.35
+328.6%
15.7%US$1.65US$1.07n/a4
Nov ’25US$0.34
US$1.33
+293.3%
18.1%US$1.65US$1.08n/a3
Oct ’25US$0.31
US$1.27
+309.5%
11.7%US$1.45US$1.09n/a3
Sep ’25US$0.30
US$1.27
+323.3%
11.7%US$1.45US$1.09n/a3
Aug ’25US$0.29
US$1.27
+330.5%
11.7%US$1.45US$1.09n/a3
Jul ’25US$0.31
US$1.28
+313.2%
11.7%US$1.46US$1.10n/a3
Jun ’25US$0.40
US$1.28
+219.4%
11.7%US$1.46US$1.10n/a3
May ’25US$0.35
US$1.28
+268.9%
11.7%US$1.46US$1.10n/a3
Apr ’25US$0.29
US$1.43
+392.6%
30.7%US$2.05US$1.12n/a3
Mar ’25US$0.25
US$1.43
+472.2%
30.7%US$2.05US$1.12n/a3
Feb ’25US$0.26
US$1.43
+450.2%
30.7%US$2.05US$1.12n/a3
Jan ’25US$0.30
US$1.60
+434.6%
29.4%US$2.08US$1.13n/a2
Dec ’24US$0.27
US$1.42
+426.2%
30.7%US$2.04US$1.11n/a3
Nov ’24US$0.27
US$1.42
+432.1%
30.7%US$2.04US$1.11US$0.343
Oct ’24US$0.27
US$1.42
+434.3%
30.7%US$2.04US$1.11US$0.313
Sep ’24US$0.26
US$1.39
+443.1%
27.8%US$1.94US$1.12US$0.303
Aug ’24US$0.29
US$1.39
+384.5%
27.8%US$1.94US$1.12US$0.293
Jul ’24US$0.32
US$1.39
+334.5%
27.8%US$1.94US$1.12US$0.313
Jun ’24US$0.31
US$1.37
+340.9%
27.8%US$1.90US$1.10US$0.403
May ’24US$0.38
US$1.37
+256.1%
27.8%US$1.90US$1.10US$0.353
Apr ’24US$0.39
US$1.37
+250.4%
27.8%US$1.90US$1.10US$0.293
Mar ’24US$0.27
US$1.34
+405.9%
23.6%US$1.79US$1.12US$0.253
Feb ’24US$0.30
US$1.34
+346.9%
23.6%US$1.79US$1.12US$0.263
Jan ’24US$0.26
US$1.38
+440.0%
25.7%US$1.88US$1.13US$0.303
Dec ’23US$0.27
US$1.38
+415.8%
25.7%US$1.88US$1.13US$0.273
Nov ’23US$0.28
US$1.46
+420.2%
20.4%US$1.82US$1.09US$0.273

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.

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