Sable Exploration and Mining Limited

JSE:SXM Stock Report

Market Cap: R106.9m

Sable Exploration and Mining Valuation

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

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

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SXM?

Key metric: As SXM 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 SXM. This is calculated by dividing SXM's market cap by their current book value.
What is SXM's PB Ratio?
PB Ratio19.2x
BookR5.56m
Market CapR106.91m

Price to Book Ratio vs Peers

How does SXM's PB Ratio compare to its peers?

The above table shows the PB ratio for SXM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PBEstimated GrowthMarket Cap
Peer Average0.5x
WEZ Wesizwe Platinum
0.2xn/aR732.5m
GML Gemfields Group
0.3xn/aR2.5b
THA Tharisa
0.4x-1.6%R4.6b
RNG Randgold & Exploration
0.9xn/aR53.7m
SXM Sable Exploration and Mining
19.2xn/aR106.9m

Price-To-Book vs Peers: SXM is expensive based on its Price-To-Book Ratio (19.2x) compared to the peer average (0.5x).

Price to Book Ratio vs Industry

How does SXM's PB Ratio compare vs other companies in the ZA Metals and Mining Industry?

1 CompanyPrice / BookEstimated GrowthMarket Cap
WEZ Wesizwe Platinum
0.2xn/aUS$40.47m
No more companies available in this PB range
SXM 19.2xIndustry Avg. 1.4xNo. of Companies4PB00.81.62.43.24+
1 CompanyEstimated GrowthMarket Cap
No more companies

Price-To-Book vs Industry: SXM is expensive based on its Price-To-Book Ratio (19.2x) compared to the African Metals and Mining industry average (1.4x).

Price to Book Ratio vs Fair Ratio

What is SXM'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.

SXM PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio19.2x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate SXM'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.

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