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Focus Minerals Ltd
ASX:FML

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Focus Minerals Ltd
ASX:FML
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Price: 2.6 AUD -7.14% Market Closed
Market Cap: AU$745.1m

P/B

2
Current
237%
More Expensive
vs 3-y average of 0.6

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
AU$765.1m
/
Total Equity
AU$368.1m

Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.

P/B
2
=
Market Cap
AU$765.1m
/
Total Equity
AU$368.1m

Valuation Scenarios

Focus Minerals Ltd is trading above its 3-year average

If P/B returns to its 3-Year Average (0.6), the stock would be worth AU$0.77 (70% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-70%
Maximum Upside
+59%
Average Downside
12%
Scenario P/B Value Implied Price Upside/Downside
Current Multiple 2 AU$2.6
0%
3-Year Average 0.6 AU$0.77
-70%
5-Year Average 0.6 AU$0.79
-70%
Industry Average 3.2 AU$4.14
+59%
Country Average 2.7 AU$3.43
+32%

Forward P/B
Today’s price vs future total equity

Not enough data available to calculate forward P/B

Peer Comparison

All Multiples
P/B
P/E
All Countries
Close
Market Cap P/B P/E
AU
Focus Minerals Ltd
ASX:FML
745.1m AUD 2 2.7
RU
Polyus PJSC
LSE:PLZL
70.4T USD 13 054 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
653.6B ZAR 4.7 11.2
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
171.1B ZAR 3.3 10.5
CN
Zijin Mining Group Co Ltd
SSE:601899
914.7B CNY 4.9 14.8
US
Newmont Corporation
NYSE:NEM
131.4B USD 3.9 18.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
136.2B CAD 4 22.4
CA
Barrick Gold Corp
TSX:ABX
92.2B CAD 2.6 13.8
CA
Barrick Mining Corp
F:ABR0
57.1B EUR 2.6 13.8
CA
Wheaton Precious Metals Corp
TSX:WPM
88.1B CAD 7.2 42.5
HK
Zijin Gold International Co Ltd
HKEX:2259
428.5B HKD 6.5 34.2

Market Distribution

In line with most companies in Australia
Percentile
39th
Based on 2 062 companies
39th percentile
2
Low
0 — 1.6
Typical Range
1.6 — 4.3
High
4.3 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.6
Median 2.7
70th Percentile 4.3
Max 2 199.4

Focus Minerals Ltd
Glance View

Market Cap
745.1m AUD
Industry
Metals & Mining

Focus Minerals Ltd. engages in the business of exploration and development of gold. The company is headquartered in Perth, Western Australia. The company went IPO on 2000-09-13. The Company’s projects include the Coolgardie Gold project and Laverton Gold project. Coolgardie Gold project covers 175 kilometers of highly prospective tenements on the outskirts of the Coolgardie township in the Goldfields region. Laverton Gold project covers 386 kilometers of highly prospective ground that includes the historic Lancefield and chatterbox trend mines. The firm is also targeting to search gold mineralization at the Beasley Shear Zone, Lancefield-Wedge Thrust, Karridale, and Burtville to support a stage one production restart at Laverton. In addition, the Company is advancing key Laverton resource growth targets, including Sickle, Ida-H, and Burtville South.

FML Intrinsic Value
18.76 AUD
Undervaluation 86%
Intrinsic Value
Price AU$2.6
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