Neo Lithium Corp
XTSX:NLC
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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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 (8.6), the stock would be worth CA$6.5 (0% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 8.6 | CA$6.5 |
0%
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| 3-Year Average | 8.6 | CA$6.5 |
0%
|
| 5-Year Average | 8.6 | CA$6.5 |
0%
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| Industry Average | 4.2 | CA$3.17 |
-51%
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| Country Average | 2.7 | CA$2 |
-69%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Neo Lithium Corp
XTSX:NLC
|
918m CAD | 8.6 | 46.9 | |
| AU |
|
BHP Group Ltd
ASX:BHP
|
284.9B AUD | 4 | 19.6 | |
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
278.6B AUD | 3.6 | 20 | |
| UK |
|
Rio Tinto PLC
LSE:RIO
|
119.9B GBP | 2.7 | 15.8 | |
| CH |
|
Glencore PLC
LSE:GLEN
|
65.5B GBP | 2.2 | 236.3 | |
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.6T MXN | 4 | 17.9 | |
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
248.9B SAR | 4 | 33.9 | |
| CN |
|
CMOC Group Ltd
SSE:603993
|
414.4B CNY | 5 | 20.4 | |
| UK |
|
Anglo American PLC
LSE:AAL
|
43.5B GBP | 3.2 | -15.1 | |
| CN |
C
|
China Molybdenum Co Ltd
OTC:CMCLF
|
52.2B USD | 4.4 | 17.7 | |
| 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 | 4.9 |
| Max | 1 402.4 |
Other Multiples
Neo Lithium Corp
Glance View
Neo Lithium Corp. is an exploration company. The company is headquartered in Toronto, Ontario. The company went IPO on 2015-01-15. The firm operates in two geographical segments: Canada and Argentina. The firm's Tres Quebradas project (the 3Q Project) is located in the southwestern zone of Catamarca Province, Argentina. The project covers approximately 35,000 hectares (ha) and the salar complex within this area is approximately 16,000 ha. The firm's subsidiary includes Argentina Liex S.A. and 2525194 Ontario Inc.
