Ramaco Resources, Inc. (METCI)

Silver Ores

Latest Price

$25.38

TTM P/E

Normalized P/E

Div Yield

Book Value

7.60

P/B Ratio

3.34

Valuation metrics

Norm. op. income: $30M (median of 7yr)

Tax rate: 21%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$4.69

82% downside

Base FCF: $61M (median of recent 5yr)

Growth: 20%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$73.56

+190% upside