29Metals Ltd
ASX:29M
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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EV/EBIT
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBIT returns to its Industry Average (12.5), the stock would be worth AU$-0.01 (105% downside from current price).
| Scenario | EV/EBIT Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | -237.4 | AU$0.23 |
0%
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| Industry Average | 12.5 | AU$-0.01 |
-105%
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| Country Average | 16.8 | AU$-0.02 |
-107%
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Forward EV/EBIT
Today’s price vs future ebit
| Today's Enterprise Value | EBIT | Forward EV/EBIT | ||
|---|---|---|---|---|
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AU$693.5m
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/ |
Jan 2026
AU$-2m
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= |
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AU$693.5m
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/ |
Dec 2026
AU$37.5m
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= |
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AU$693.5m
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/ |
Dec 2027
AU$124.1m
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= |
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AU$693.5m
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/ |
Dec 2028
AU$99.2m
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= |
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Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.
Peer Comparison
| Market Cap | EV/EBIT | P/E | ||||
|---|---|---|---|---|---|---|
| AU |
2
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29Metals Ltd
ASX:29M
|
393.8m AUD | -237.4 | 16.3 | |
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
282.3B AUD | 11.6 | 20 | |
| AU |
|
BHP Group Ltd
ASX:BHP
|
281.9B AUD | 9.5 | 19.6 | |
| UK |
|
Rio Tinto PLC
LSE:RIO
|
118.5B GBP | 10.4 | 16 | |
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.6T MXN | 10.8 | 18.3 | |
| CH |
|
Glencore PLC
LSE:GLEN
|
64.5B GBP | 36.6 | 239.9 | |
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
248.9B SAR | 25.9 | 33.9 | |
| CN |
|
CMOC Group Ltd
SSE:603993
|
429.6B CNY | 10 | 21.3 | |
| UK |
|
Anglo American PLC
LSE:AAL
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41.9B GBP | 16.2 | -15.1 | |
| CN |
C
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China Molybdenum Co Ltd
OTC:CMCLF
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54.6B USD | 8.7 | 18.5 | |
| ZA |
A
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African Rainbow Minerals Ltd
JSE:ARI
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44.9B ZAR | -73.8 | 34.9 |
Market Distribution
| Min | 0 |
| 30th Percentile | 10.7 |
| Median | 16.8 |
| 70th Percentile | 24.5 |
| Max | 6 797.5 |
Other Multiples
29Metals Ltd
Glance View
29Metals Ltd. engages in the exploration and development of copper and base and precious metals resources. The firm is engaged in exploring, developing and producing metals in the form of mineral concentrates which are sold to commodity trading firms or smelters for refining and on-sale as a refined metal product for end use. The firm has a portfolio of exploration interests, including regional tenement interests surrounding Capricorn Copper and Golden Grove, and a project in Redhill located in Chile. The Golden Grove mine is located in the mid-west region of Western Australia, approximately 450 kilometer (km) north-east of Perth and 250 km east of Geraldton. The Capricorn Copper is located approximately 120 km north of Mount Isa. The Redhill has a prospective for copper, silver and gold.
