Alkane Resources Ltd
ASX:ALK
Decide at what price you'd be comfortable buying and we'll help you stay ready.
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P/E
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.
Valuation Scenarios
If P/E returns to its 3-Year Average (14.7), the stock would be worth AU$0.88 (43% downside from current price).
| Scenario | P/E Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 25.7 | AU$1.55 |
0%
|
| 3-Year Average | 14.7 | AU$0.88 |
-43%
|
| 5-Year Average | 11.8 | AU$0.71 |
-54%
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| Industry Average | 21.3 | AU$1.28 |
-17%
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| Country Average | 22.3 | AU$1.34 |
-13%
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Forward P/E
Today’s price vs future net income
| Today's Market Cap | Net Income | Forward P/E | ||
|---|---|---|---|---|
|
AU$2B
|
/ |
Jan 2026
AU$82.1m
|
= |
|
|
AU$2B
|
/ |
Jun 2026
AU$239m
|
= |
|
|
AU$2B
|
/ |
Jun 2027
AU$308.4m
|
= |
|
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AU$2B
|
/ |
Jun 2028
AU$298.7m
|
= |
|
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AU$2B
|
/ |
Jun 2029
AU$289.8m
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= |
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Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.
Peer Comparison
| Market Cap | P/E | ||||
|---|---|---|---|---|---|
| AU |
|
Alkane Resources Ltd
ASX:ALK
|
2.1B AUD | 25.7 | |
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD | 34 959.7 | |
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
636.8B ZAR | 10.9 | |
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
163.4B ZAR | 10 | |
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
876.1B CNY | 14.7 | |
| US |
|
Newmont Corporation
NYSE:NEM
|
117.2B USD | 16.5 | |
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
129.4B CAD | 20.6 | |
| CA |
|
Barrick Gold Corp
TSX:ABX
|
89.7B CAD | 12.9 | |
| CA |
|
Barrick Mining Corp
F:ABR0
|
55.9B EUR | 13.1 | |
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
80.4B CAD | 38.1 | |
| HK |
Z
|
Zijin Gold International Co Ltd
HKEX:2259
|
407.3B HKD | 33.7 |
Market Distribution
| Min | 0 |
| 30th Percentile | 15.9 |
| Median | 22.3 |
| 70th Percentile | 36.3 |
| Max | 5 709.2 |
Other Multiples
Alkane Resources Ltd
Glance View
Alkane Resources Ltd. is a multi-commodity mining and exploration company. The company is headquartered in Perth, Western Australia. The Company’s projects include Tomingley Gold Project and Northern Molong Porphyry Project (NMPP). The Tomingley Gold Project covers an area of approximately 440 square kilometer (km), stretching 60km north-south along the Newell Highway in central-western New South Wales. The Northern Molong Porphyry Project (NMPP) covers an area of approximately 115 square km, centered approximately 20km north of Wellington and about 35km east of Dubbo in central western New South Wales. The Company’s exploration projects are located in central western New South Wales, which includes gold, gold-copper and other metal (nickel, zinc and silver) prospects. The Company’s gold production is from the Tomingley Gold Operations in Central West New South Wales. Its exploration projects are in the tenement area between Tomingley and Peak Hill.
