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Asante Gold Corp
CNSX:ASE

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Asante Gold Corp
CNSX:ASE
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Price: 2.02 CAD 1.51% Market Closed
Market Cap: CA$1B

EV/S

2.1
Current
53%
More Expensive
vs 3-y average of 1.4

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.1
=
Enterprise Value
CA$1B
/
Revenue
CA$473.9m

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
2.1
=
Enterprise Value
CA$1B
/
Revenue
CA$473.9m

Valuation Scenarios

Asante Gold Corp is trading above its 3-year average

If EV/S returns to its 3-Year Average (1.4), the stock would be worth CA$1.32 (35% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-35%
Maximum Upside
+119%
Average Upside
22%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 2.1 CA$2.02
0%
3-Year Average 1.4 CA$1.32
-35%
5-Year Average 1.4 CA$1.33
-34%
Industry Average 4.7 CA$4.43
+119%
Country Average 2.9 CA$2.78
+38%

Forward EV/S
Today’s price vs future revenue

Not enough data available to calculate forward EV/S

Peer Comparison

All Multiples
EV/S
P/E
All Countries
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Market Distribution

In line with most companies in Canada
Percentile
40th
Based on 2 384 companies
40th percentile
2.1
Low
0 — 1.7
Typical Range
1.7 — 5.7
High
5.7 —
Distribution Statistics
Canada
Min 0
30th Percentile 1.7
Median 2.9
70th Percentile 5.7
Max 15 639 353.3

Asante Gold Corp
Glance View

Market Cap
1B CAD
Industry
Metals & Mining

Asante Gold Corp. operates as a gold exploration and development company. The company is headquartered in Vancouver, British Columbia. The company went IPO on 2012-03-01. The firm is focused on developing projects including the Bibiani and Kubi Gold mines located on the prolific Bibiani and Ashanti Gold Belts. The company has six project sites in Ghana, West Africa, of which two are in the development stage and four in exploration. Ghana has the gold endowment in West Africa, with over 130Moz in minable reserves. The majority of gold deposits in Ghana are located in or adjacent to the Ashanti Belt and the Bibiani-Sefwi Belt. The Bibiani deposit is hosted within meta-sediments of the Kumasi-Afema basin, on the eastern margin of the Bibiani-Sefwi Belt. Kubi Gold mines is located in south west Ghana, immediately south of AngloGold Ashanti's Obuasi mine, approximately 66-million-ounce pre-mining resource, and 25 kilometers east of Perseus Mining Limited's approximately 6.6 million-ounce Edikan Gold Mine.

ASE Intrinsic Value
1.41 CAD
Overvaluation 30%
Intrinsic Value
Price CA$2.02
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