Hello my dears,
Unfortunately, the Almonthy share has $AII (-4,74 %) has run away from me.
As a result, I have become more and more involved with Deutsche Rohstoff through the Almonthy investment $DR0 (+3,76 %) .
And recently the esteemed Mr. Prompt @Raketentoni also made a short analysis.
As the esteemed @Dividendenopi rightly added. Mr. Prompt had simply omitted the 11.3% Almonthy stake.
This fact made me do the math today.
And with the help of Mr. Prompt's brother, I had the whole thing broken down a little.
🟦 Value of the Almonty shareholding
Deutsche Rohstoff AG holds 11,3 % in Almonty Industries. The value of this investment is estimated differently in various analyses - depending on the respective point in time and share price level.
🟩 Value of Deutsche Rohstoff AG (DRAG)
🔹 Market capitalization
DRAG is currently valued at approx. € 420.13 million valued.
- DRAG is traditionally strong in the oil and gas business (US onshore).
- The Almonty investment is a strategic strategic jokerwhich could increase significantly in value if the Sangdong mine successfully starts production.
- At the same time, DRAG is relatively stable thanks to hedging and cash flows from the O&G segment.
🟩 Value of Almonthy Industries (ALM)
🔹 Market capitalization
Almonthy is currently valued at approx. € 4.23 billion valued
🔹 Why the spread is so wide
- Almonty has multiplied significantly over the course of the year.
- The Sangdong mine in South Korea is considered extremely important strategically, as it is intended to make Western customers less dependent on China.
- The planned Nasdaq listing also increases the valuation opportunities.
📌 1. initial data
Market capitalization Almonty
- According to current financial data, the market cap is USD 6.26 billion
Converted (USD 1 ≈ € 0.68), this equates to approx. 4.25 billion € → This corresponds to your figure of 4.23 billion €.
Participation of Deutsche Rohstoff AG
- DRAG holds 11,3 % in Almonty.
Market capitalization of Deutsche Rohstoff AG
- According to your open Onvista tab: € 420.13 million
📌 2nd value of the DRAG stake in Almonty
Value of the investment=€4.23 billion×0.113
=€478.0 million
👉 DRAG's stake in Almonty is therefore worth around €478 million.
📌 3. comparison with the market capitalization of DRAG
- DRAG market capitalization: € 420 million
- Value of the Almonty investment: € 478 million
This means:
The Almonty investment alone is worth more than DRAG as a whole.
Specifically:
€478 million€420 million≈1.14
👉 The stake corresponds to 114% of the total DRAG valuation.
📌 4 What this implies
- The market is currently valuing DRAG as if its oil and gas business + cash + other investments together are worth less than € 0.
- This is a classic "sum-of-the-parts mismatch".
- If Almonty continues to rise or the Sangdong mine successfully goes into production, this effect will become even stronger.
📌 5 What you can deduce from this
- DRAG is currently massively below the value of its individual parts valued.
- The market is obviously pricing it in:
- high uncertainty at Almonty,
- possible dilution,
- or conservative valuation of the O&G segment.
The core is quickly stated: If Almonty is really already worth around €4.23 billion, then the DRAG stake is mathematically worth around €478 million - i.e. more than the entire Deutsche Rohstoff AG currently costs on the stock exchange.
My dears,
Due to the large oil and gas business and the high reserves, and the Almonthy stake, I personally see Deutsch. Rohstoff $DR0 (+3,76 %) as a TOP pick.
P/E RATIO 12.22
Dividend yield 2.49
Am I missing something here, or what is your opinion?
Let's discuss in the comments.
@SAUgut777
@Dividendenopi
@Multibagger
@Klein-Anleger
@Get_Rich_or_Die_Tryin
@topicswithhead and everyone else.
