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Metrics | Range | Conclusion |
---|---|---|
Selected LTM Pb Multiple | 2.1x - 2.3x | 2.2x |
Historical Pb Multiple | 1.0x - 1.8x | 1.2x |
Fair Value | $15.72 - $17.37 | $16.55 |
Upside | -9.4% - 0.2% | -4.6% |
Benchmarks | - | Full Ticker |
Alamos Gold Inc. | - | TSX:AGI |
Barrick Mining Corporation | - | TSX:ABX |
Lundin Gold Inc. | - | TSX:LUG |
Thor Explorations Ltd. | - | TSXV:THX |
B2Gold Corp. | - | TSX:BTO |
Dundee Precious Metals Inc. | - | OTCPK:DPML.F |
Select Price / Book Ratio | ||||||||
Benchmark Companies | ||||||||
AGI | ABX | LUG | THX | BTO | DPML.F | |||
TSX:AGI | TSX:ABX | TSX:LUG | TSXV:THX | TSX:BTO | OTCPK:DPML.F | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 24.2% | -11.6% | NM- | NM- | NM- | NM- | ||
3Y CAGR | NM- | 2.0% | 24.4% | NM- | NM- | 8.4% | ||
Latest Twelve Months | 74.5% | 82.8% | 172.1% | 457.6% | -208.5% | 25.1% | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 11.9% | 21.7% | 17.2% | 19.6% | 10.7% | 29.0% | ||
Prior Fiscal Year | 20.5% | 11.2% | 19.9% | 7.7% | 0.5% | 35.0% | ||
Latest Fiscal Year | 21.1% | 16.6% | 35.7% | 47.2% | -33.1% | 40.1% | ||
Latest Twelve Months | 23.0% | 20.0% | 41.7% | 50.6% | -20.0% | 37.9% | ||
Return on Equity | ||||||||
5 Year Average Margin | 4.3% | 7.3% | 20.1% | 20.9% | 7.0% | 18.5% | ||
Prior Fiscal Year | 7.4% | 5.5% | 19.9% | 10.3% | 0.3% | 17.2% | ||
Latest Twelve Months | 10.2% | 11.4% | 52.2% | 62.8% | -12.3% | 20.1% | ||
Next Fiscal Year | 15.7% | 14.5% | 49.1% | 40.6% | 21.8% | 27.1% | ||
Two Fiscal Years Forward | 17.3% | 17.0% | 44.5% | 27.5% | 23.0% | 28.6% | ||
Current Trading Multiples | ||||||||
Price / LTM Sales | 7.3x | 2.9x | 9.5x | 1.9x | 2.3x | 4.4x | ||
Price / LTM EPS | 31.6x | 14.5x | 22.7x | 3.7x | -11.5x | 11.6x | ||
Price / Book | 2.9x | 1.6x | 10.7x | 1.8x | 1.5x | 2.3x | ||
Price / Fwd Book | 2.6x | 1.5x | 9.2x | 1.4x | 1.4x | 1.9x | ||
Low | Mid | High | ||||||
Benchmark P/B Ratio | 1.5x | 1.8x | 10.7x | |||||
Historical P/B Ratio | 1.0x | 1.2x | 1.8x | |||||
Selected P/B Multiple | 2.1x | 2.2x | 2.3x | |||||
(x) Book Value | 1,273 | 1,273 | 1,273 |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | AGI | ABX | LUG | THX | BTO | DPML.F | |
Value of Common Equity | 10,958 | 40,110 | 13,956 | 420 | 4,984 | 2,895 | |
(/) Shares Outstanding | 421.9 | 1,706.0 | 241.3 | 665.3 | 1,323.0 | 166.9 | |
Implied Stock Price | 25.97 | 23.51 | 57.85 | 0.63 | 3.77 | 17.34 | |
FX Conversion Rate to Trading Currency | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 | 1.00 | |
Implied Stock Price (Trading Cur) | 35.78 | 32.39 | 79.69 | 0.87 | 5.19 | 17.34 | |
Trading Currency | CAD | CAD | CAD | CAD | CAD | USD | |
FX Rate to Reporting Currency | 0.73 | 0.73 | 0.73 | 0.73 | 0.73 | 1.00 |