Steppe Gold Ltd
F:2J9

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Steppe Gold Ltd
F:2J9
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Price: 1.23 EUR 6.03% Market Closed
Market Cap: 131m EUR

Relative Value

The Relative Value of one 2J9 stock under the Base Case scenario is 0.94 EUR. Compared to the current market price of 1.23 EUR, Steppe Gold Ltd is Overvalued by 24%.

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.

2J9 Relative Value
Base Case
0.94 EUR
Overvaluation 24%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
11
vs Industry
70
Median 3Y
0.8
Median 5Y
1.1
Industry
2.1
Forward
2.1
vs History
15
vs Industry
27
Median 3Y
3
Median 5Y
2.7
Industry
19.2
Forward
3.3
vs History
20
vs Industry
33
Median 3Y
3.4
Median 5Y
4.6
Industry
11.1
vs History
1
vs Industry
23
Median 3Y
1.3
Median 5Y
1.9
Industry
18.4
vs History
42
vs Industry
42
Median 3Y
1.4
Median 5Y
2.3
Industry
2.2
vs History
15
vs Industry
57
Median 3Y
1.1
Median 5Y
1.5
Industry
2.6
Forward
2.4
vs History
20
vs Industry
62
Median 3Y
2.1
Median 5Y
2.6
Industry
8.5
vs History
33
vs Industry
29
Median 3Y
3.1
Median 5Y
3.7
Industry
12.5
Forward
3.8
vs History
30
vs Industry
27
Median 3Y
3.8
Median 5Y
4.2
Industry
15.2
Forward
4.3
vs History
20
vs Industry
29
Median 3Y
4.1
Median 5Y
5
Industry
12.4
vs History
9
vs Industry
20
Median 3Y
6.1
Median 5Y
6.1
Industry
16.8
vs History
6
vs Industry
50
Median 3Y
0.9
Median 5Y
1
Industry
1.9

Multiples Across Competitors

2J9 Competitors Multiples
Steppe Gold 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
MN
Steppe Gold Ltd
F:2J9
505.7m EUR 2.6 9 5.8 7
ZA
Impala Platinum Holdings Ltd
JSE:IMP
233.1B Zac 0 0 0 0
ZA
Anglo American Platinum Ltd
JSE:AMS
223.9B Zac 0 0 0 0
ZA
Sibanye Stillwater Ltd
JSE:SSW
183B Zac 0 0 0 0
ZA
Northam Platinum Holdings Ltd
JSE:NPH
135B Zac 0 0 0 0
ZA
Royal Bafokeng Platinum Ltd
JSE:RBP
36.7B Zac 0 0 0 0
MX
Fresnillo PLC
LSE:FRES
23.6B GBP 8.1 69.8 -30.9 -41.8
MX
Industrias Penoles SAB de CV
BMV:PE&OLES
389.3B MXN 2.8 23.8 8 10.8
CY
Tharisa PLC
JSE:THA
7.8B Zac 0 0 0 0
RU
AK Alrosa PAO
MOEX:ALRS
309.9B RUB 0.8 5 2.7 3.9
CN
Sino-Platinum Metals Co Ltd
SSE:600459
15B CNY 0.3 23.6 24.2 24.2
P/S Multiple
Revenue Growth P/S to Growth
MN
Steppe Gold Ltd
F:2J9
Average P/S: 2.9
2.6
N/A N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
15%
N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
5%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
8%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
20%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
0%
N/A
MX
Fresnillo PLC
LSE:FRES
8.1
13%
0.6
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
2.8
9%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available
12%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
0.8
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
0.3
18%
0
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
MN
Steppe Gold Ltd
F:2J9
Average EV/EBITDA: 10.1
5.8
N/A N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
51%
N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
36%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
40%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
59%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
-5%
N/A
MX
Fresnillo PLC
LSE:FRES
Negative Multiple: -30.9
27%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
8
20%
0.4
CY
T
Tharisa PLC
JSE:THA
Not Available
4%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
2.7
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
24.2
22%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
MN
Steppe Gold Ltd
F:2J9
Average EV/EBIT: 11.5
7
N/A N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
132%
N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
24%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
80%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
64%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
-10%
N/A
MX
Fresnillo PLC
LSE:FRES
Negative Multiple: -41.8
41%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
10.8
31%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available
0%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
3.9
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
24.2
N/A N/A