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Black Cat Syndicate Ltd
ASX:BC8

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Black Cat Syndicate Ltd
ASX:BC8
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Price: 1.29 AUD 2.38%
Market Cap: AU$940.2m

EV/EBITDA

27
Current
255%
Cheaper
vs 3-y average of -17.4

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
27
=
Enterprise Value
AU$704.3m
/
EBITDA
AU$33.3m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
27
=
Enterprise Value
AU$704.3m
/
EBITDA
AU$33.3m

Valuation Scenarios

Black Cat Syndicate Ltd is trading above its industry average

If EV/EBITDA returns to its Industry Average (12.1), the stock would be worth AU$0.58 (55% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-55%
Maximum Upside
No Upside Scenarios
Average Downside
47%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple 27 AU$1.29
0%
Industry Average 12.1 AU$0.58
-55%
Country Average 16.5 AU$0.79
-39%

Forward EV/EBITDA
Today’s price vs future ebitda

Today's Enterprise Value EBITDA Forward EV/EBITDA
AU$704.3m
/
Jan 2026
AU$33.3m
=
27
Current
AU$704.3m
/
Jun 2026
AU$230.1m
=
3.1
Forward
AU$704.3m
/
Jun 2027
AU$415.1m
=
1.7
Forward
AU$704.3m
/
Jun 2028
AU$457.5m
=
1.5
Forward

Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
AU
Black Cat Syndicate Ltd
ASX:BC8
937.9m AUD 27 51.1
RU
Polyus PJSC
LSE:PLZL
70.4T USD 19 286.2 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
716.8B ZAR 7.5 12.3
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
187.3B ZAR 5.8 11.5
CN
Zijin Mining Group Co Ltd
SSE:601899
925.9B CNY 13.1 18.1
US
Newmont Corporation
NYSE:NEM
119B USD 8.6 16.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
147.8B CAD 12.4 22.7
CA
Barrick Gold Corp
TSX:ABX
98.3B CAD 6.6 13.6
CA
Barrick Mining Corp
F:ABR0
60.6B EUR 6.8 13.9
CA
Wheaton Precious Metals Corp
TSX:WPM
92.5B CAD 33.2 43.3
HK
Zijin Gold International Co Ltd
HKEX:2259
475.1B HKD 18.4 37.9

Market Distribution

Higher than 75% of companies in Australia
Percentile
75th
Based on 1 243 companies
75th percentile
27
Low
0 — 10
Typical Range
10 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10
Median 16.5
70th Percentile 24.5
Max 6 797.5

Black Cat Syndicate Ltd
Glance View

Market Cap
940.2m AUD
Industry
Metals & Mining

Black Cat Syndicate Ltd. engages in the exploration and development of gold properties. The company is headquartered in Perth, Western Australia. The company went IPO on 2018-01-30. The firm's projects include Bulong Gold Project, Fingals Gold Project, Rowe’s Find Gold Project, and Kal East Gold Project. The Bulong Gold Project comprises of approximately 347 square kilometers of land located approximately 25-50 kilometers east of Kalgoorlie. The project covers in excess of 45 kilometers of prospective stratigraphic and structural targets with minimal modern exploration. The Fingals Gold Project comprises of approximately 368 square kilometers of land located 30 kilometers south east of Bulong. The Rowe’s Find Gold Project comprises of approximately 41 square kilometers of land located 100 kilometers east of Bulong. The Kal East Gold Project comprises of approximately 756 square kilometers of prospective tenements to the east of the mining Centre of Kalgoorlie, Western Australia.

BC8 Intrinsic Value
2.88 AUD
Undervaluation 55%
Intrinsic Value
Price AU$1.29
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