Minerals 260 Ltd
ASX:MI6
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P/B
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.
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.
Valuation Scenarios
If P/B returns to its 3-Year Average (3.3), the stock would be worth AU$0.31 (59% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 8.2 | AU$0.76 |
0%
|
| 3-Year Average | 3.3 | AU$0.31 |
-59%
|
| 5-Year Average | 3.3 | AU$0.31 |
-59%
|
| Industry Average | 3.2 | AU$0.3 |
-61%
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| Country Average | 2.7 | AU$0.25 |
-67%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
|
Minerals 260 Ltd
ASX:MI6
|
1.6B AUD | 8.2 | -48.8 | |
| AU |
|
BHP Group Ltd
ASX:BHP
|
285.2B AUD | 3.9 | 19.4 | |
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
280.8B AUD | 3.6 | 19.9 | |
| UK |
|
Rio Tinto PLC
LSE:RIO
|
119.4B GBP | 2.7 | 15.7 | |
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.5T MXN | 3.9 | 17.7 | |
| CH |
|
Glencore PLC
LSE:GLEN
|
64.8B GBP | 2.2 | 236 | |
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
248.9B SAR | 4 | 33.9 | |
| CN |
|
CMOC Group Ltd
SSE:603993
|
406.5B CNY | 4.8 | 19.6 | |
| UK |
|
Anglo American PLC
LSE:AAL
|
42.8B GBP | 3.1 | -14.7 | |
| CN |
C
|
China Molybdenum Co Ltd
OTC:CMCLF
|
51.8B USD | 4.3 | 17.5 | |
| ZA |
A
|
African Rainbow Minerals Ltd
JSE:ARI
|
44.5B ZAR | 0.7 | 34.6 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.6 |
| Median | 2.7 |
| 70th Percentile | 4.3 |
| Max | 2 199.4 |
Other Multiples
Minerals 260 Ltd
Glance View
Minerals 260 Ltd. operates as a blank check company. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-10-12. The firm's primary projects inlcude Moora Project and the Koojan JV Project. The Projects are at early stages of exploration. The Moora Project is located 140 kilometer (km) north-east of Perth, Western Australia. The Moora Project covers a contiguous area of 468km square (km2) and comprises three granted Exploration Licenses including E70/5217, E70/5286 and E70/5287. The Koojan JV Project is located in the New Norcia region of Western Australia. The Koojan JV Project covers a largely contiguous area of 600km2 and comprises six granted Exploration Licenses including E70/5337, E70/5312, E70/5429, E70/5450, E70/5515 and E70/5516. The Company’s other project includes Dingo Rocks Project and the Yalwest Project. Its Dingo Rocks Project is an early-stage exploration project, focused on precious and base metals, within the Esperance region of Western Australia.
