Gold Road Resources Ltd
ASX:GOR

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Gold Road Resources Ltd
ASX:GOR
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Price: 3.48 AUD
Market Cap: 3.8B AUD

Relative Value

The Relative Value of one GOR stock under the Base Case scenario is 4.74 AUD. Compared to the current market price of 3.48 AUD, Gold Road Resources Ltd is Undervalued by 27%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

GOR Relative Value
Base Case
4.74 AUD
Undervaluation 27%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
1
vs Industry
37
Median 3Y
4.1
Median 5Y
3.8
Industry
2.1
Forward
4.7
vs History
42
vs Industry
11
Median 3Y
18.3
Median 5Y
18.1
Industry
19.2
Forward
13.1
vs History
26
vs Industry
14
Median 3Y
9.3
Median 5Y
9.1
Industry
11.1
vs History
66
vs Industry
9
Median 3Y
21
Median 5Y
23.4
Industry
18.4
vs History
9
vs Industry
26
Median 3Y
1.9
Median 5Y
2
Industry
2.2
vs History
1
vs Industry
36
Median 3Y
4.1
Median 5Y
3.7
Industry
2.6
Forward
4.6
vs History
26
vs Industry
26
Median 3Y
8.9
Median 5Y
8.5
Industry
8.5
vs History
44
vs Industry
13
Median 3Y
11.9
Median 5Y
11.9
Industry
12.5
Forward
7.2
vs History
44
vs Industry
15
Median 3Y
11.9
Median 5Y
11.9
Industry
15.2
Forward
8.9
vs History
28
vs Industry
16
Median 3Y
9.2
Median 5Y
9.1
Industry
12.4
vs History
38
vs Industry
8
Median 3Y
19.5
Median 5Y
17.5
Industry
16.8
vs History
4
vs Industry
27
Median 3Y
1.7
Median 5Y
1.8
Industry
1.9

Multiples Across Competitors

GOR Competitors Multiples
Gold Road Resources Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Gold Road Resources Ltd
ASX:GOR
3.8B AUD 5.7 18.3 11.9 11.9
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 438.4 35 598.7 19 638.7 22 536.7
ZA
Gold Fields Ltd
JSE:GFI
689.7B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
225.5B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
891.2B CNY 2.7 19.6 17.2 17.2
US
Newmont Corporation
NYSE:NEM
115.6B USD 5.4 16.1 9.7 12.4
AU
Greatland Gold PLC
ASX:GGP
140.9B AUD 73 207.3 149.3 167.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
124.3B CAD 8.6 26.4 13 17
CA
Barrick Mining Corp
F:ABR0
65.5B EUR 5.3 21.5 9.2 11.8
CA
Barrick Gold Corp
TSX:ABX
104.7B CAD 5.2 21.4 9.2 11.7
CA
Wheaton Precious Metals Corp
TSX:WPM
75.5B CAD 30.2 55.1 40.3 51.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Gold Road Resources Ltd
ASX:GOR
Average EV/EBITDA: 2 210.9
11.9
40%
0.3
RU
P
Polyus PJSC
LSE:PLZL
19 638.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
34%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
17.2
33%
0.5
US
Newmont Corporation
NYSE:NEM
9.7
24%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
149.3
-5%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
13
27%
0.5
CA
Barrick Mining Corp
F:ABR0
9.2
33%
0.3
CA
Barrick Gold Corp
TSX:ABX
9.2
33%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
40.3
32%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Gold Road Resources Ltd
ASX:GOR
Average EV/EBIT: 2 537.5
11.9
29%
0.4
RU
P
Polyus PJSC
LSE:PLZL
22 536.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
39%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
32%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
17.2
27%
0.6
US
Newmont Corporation
NYSE:NEM
12.4
30%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
167.5
-3%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
17
36%
0.5
CA
Barrick Mining Corp
F:ABR0
11.8
43%
0.3
CA
Barrick Gold Corp
TSX:ABX
11.7
43%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
51.3
28%
1.8