So given all the recent annoucements...has anyone updated their valuation models for MP?
I did one about 3-4 years ago...and given they were only selling MREC to china....i didn't progress it far. But i had a NPV of about $3-4 billion which i think equated to a SP of about $20-25. i bought some at about $15.
I see some analysts have been talking about revenue doubling by 2027...“Baird analyst Ben Kallo now projects 2027 earnings before interest, taxes, depreciation, and amortization, or EBITDA, of $554 million. The Wall Street consensus…was closer to $200 million just a few days ago.”
So if we believe that (which i don't)....lets assume that doubles the Market Cap/NPV.....so $6-8 billion....so a SP of a bout $40-50
Current Market cap is $9-10 billion....with a SP of about $60....
So IMHO...MP is currently overpriced by the market.....BUT....what else do they have in the pipeline with Trump........
Some thoughts:
- JV with Arafura in Australia?
- More magnet supply contracts with big USA OEM?
-
Anyone got any thoughts on MP?
I did one about 3-4 years ago...and given they were only selling MREC to china....i didn't progress it far. But i had a NPV of about $3-4 billion which i think equated to a SP of about $20-25. i bought some at about $15.
I see some analysts have been talking about revenue doubling by 2027...“Baird analyst Ben Kallo now projects 2027 earnings before interest, taxes, depreciation, and amortization, or EBITDA, of $554 million. The Wall Street consensus…was closer to $200 million just a few days ago.”
So if we believe that (which i don't)....lets assume that doubles the Market Cap/NPV.....so $6-8 billion....so a SP of a bout $40-50
Current Market cap is $9-10 billion....with a SP of about $60....
So IMHO...MP is currently overpriced by the market.....BUT....what else do they have in the pipeline with Trump........
Some thoughts:
- JV with Arafura in Australia?
- More magnet supply contracts with big USA OEM?
-
Anyone got any thoughts on MP?