Northern Star Resources Limited

OTCPK:NESR.F Stock Report

Market Cap: US$11.7b

Northern Star Resources Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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

Below Fair Value: NESR.F ($10.6) is trading below our estimate of fair value ($12.3)

Significantly Below Fair Value: NESR.F is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Earnings ratio for NESR.F. This is calculated by dividing NESR.F's market cap by their current earnings.
What is NESR.F's PE Ratio?
PE Ratio28.9x
EarningsAU$638.50m
Market CapAU$18.48b

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for NESR.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average26.3x
AU AngloGold Ashanti
22x29.7%US$12.6b
RGLD Royal Gold
33.3x17.8%US$9.7b
AEM Agnico Eagle Mines
40.9x9.7%US$41.9b
BVN Compañía de Minas BuenaventuraA
9.1x2.9%US$3.3b
NESR.F Northern Star Resources
28.9x17.0%US$18.5b

Price-To-Earnings vs Peers: NESR.F is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the peer average (26.3x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.5xn/aUS$4.88m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
PTEE.F Plaintree Systems
1.3xn/aUS$891.84k
NESR.F 28.9xIndustry Avg. 16.8xNo. of Companies6PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NESR.F is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the US Metals and Mining industry average (16.8x).

Price to Earnings Ratio vs Fair Ratio

What is NESR.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.

NESR.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio28.9x
Fair PE Ratio27x

Price-To-Earnings vs Fair Ratio: NESR.F is expensive based on its Price-To-Earnings Ratio (28.9x) compared to the estimated Fair Price-To-Earnings Ratio (27x).

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 NESR.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$10.60
US$11.53
+8.8%
15.2%US$14.65US$7.64n/a17
Dec ’25US$11.20
US$11.72
+4.7%
14.1%US$14.32US$7.57n/a17
Nov ’25US$11.60
US$11.80
+1.7%
13.8%US$14.39US$7.60n/a18
Oct ’25US$11.08
US$11.04
-0.3%
14.4%US$14.32US$7.91n/a18
Sep ’25US$10.05
US$10.50
+4.4%
11.7%US$12.74US$7.88n/a17
Aug ’25US$8.79
US$9.96
+13.3%
11.3%US$12.22US$7.60n/a17
Jul ’25US$8.56
US$10.54
+23.2%
12.7%US$12.74US$7.72n/a17
Jun ’25US$9.23
US$10.45
+13.2%
12.7%US$13.23US$7.67n/a17
May ’25US$9.50
US$10.07
+5.9%
12.9%US$13.00US$7.54n/a17
Apr ’25US$9.07
US$9.43
+3.9%
13.6%US$13.07US$7.38n/a17
Mar ’25US$8.45
US$9.29
+10.0%
13.6%US$12.99US$7.34n/a17
Feb ’25US$8.70
US$9.26
+6.5%
14.5%US$13.15US$7.43n/a16
Jan ’25US$9.28
US$9.04
-2.6%
14.8%US$13.34US$7.54n/a16
Dec ’24US$8.25
US$8.62
+4.4%
9.3%US$9.84US$7.35US$11.2016
Nov ’24US$7.30
US$8.22
+12.7%
9.9%US$9.47US$7.07US$11.6015
Oct ’24US$6.55
US$8.08
+23.3%
11.6%US$9.67US$6.77US$11.0815
Sep ’24US$7.52
US$7.98
+6.1%
10.5%US$9.62US$6.73US$10.0515
Aug ’24US$7.59
US$8.64
+13.8%
9.9%US$10.09US$7.54US$8.7915
Jul ’24US$8.13
US$9.18
+12.9%
10.0%US$10.69US$7.48US$8.5614
Jun ’24US$8.80
US$8.94
+1.6%
10.3%US$10.41US$7.28US$9.2314
May ’24US$9.05
US$9.12
+0.7%
10.0%US$10.61US$7.42US$9.5015
Apr ’24US$8.26
US$8.26
-0.008%
12.0%US$10.70US$6.39US$9.0714
Mar ’24US$7.25
US$8.29
+14.5%
9.6%US$9.60US$6.55US$8.4514
Feb ’24US$9.12
US$8.60
-5.7%
9.5%US$9.96US$6.80US$8.7015
Jan ’24US$7.32
US$7.66
+4.6%
10.9%US$9.59US$6.44US$9.2815
Dec ’23US$7.16
US$7.58
+5.9%
11.2%US$9.54US$6.40US$8.2515

Analyst Forecast: Target price is less than 20% higher than the current share price.

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