Northern Star Resources Limited

OTCPK:NESR.F Stock Report

Market Cap: US$12.3b

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.

Discounted Cash Flow
Simply Wall St
US$11.08
Fair Value
4.8% undervalued intrinsic discount
16
Number of Analysts

Below Fair Value: NESR.F ($10.55) is trading below our estimate of fair value ($11.08)

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 Ratio31x
EarningsAU$638.50m
Market CapAU$19.78b

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 Average28.5x
AU AngloGold Ashanti
27.1x52.7%US$15.1b
RGLD Royal Gold
32x22.9%US$9.3b
AEM Agnico Eagle Mines
46x13.9%US$47.3b
BVN Compañía de Minas BuenaventuraA
8.8x-2.3%US$3.2b
NESR.F Northern Star Resources
31x16.6%US$19.8b

Price-To-Earnings vs Peers: NESR.F is expensive based on its Price-To-Earnings Ratio (31x) compared to the peer average (28.5x).

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$5.32m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
No. of Companies9PE01224364860+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NESR.F is expensive based on its Price-To-Earnings Ratio (31x) compared to the US Metals and Mining industry average (16.6x).

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 Ratio31x
Fair PE Ratio25.8x

Price-To-Earnings vs Fair Ratio: NESR.F is expensive based on its Price-To-Earnings Ratio (31x) compared to the estimated Fair Price-To-Earnings Ratio (25.8x).

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$10.55
US$11.70
+10.9%
14.6%US$14.43US$7.53n/a16
Jan ’26US$9.90
US$11.53
+16.5%
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$7.43US$10.5516
Jan ’25US$9.28
US$9.04
-2.6%
14.8%US$13.34US$7.54US$9.9016
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
Analyst Price Target
Consensus Narrative from 16 Analysts
US$11.36
Fair Value
7.2% undervalued intrinsic discount
16
Number of Analysts

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

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/31 15:21
End of Day Share Price 2025/01/31 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Northern Star Resources Limited is covered by 30 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
Bradley WatsonBell Potter
Brian QuastBMO Capital Markets Equity Research