DRD Relative Valuation - DRDGOLD Ltd

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Price: 4 786 Zac 3.21% Market Closed

Market Cap: 41.5B ZAR

D	DRDGOLD Ltd JSE:DRD	ZA
	Monrif SpA MIL:MON	IT
	Excelerate Energy Inc NYSE:EE	US

Multiples-Based Value

The Multiples-Based Value of one DRD stock under the Base Case scenario is 3 531.97 Zac. Compared to the current market price of 4 786 Zac, DRDGOLD Ltd is Overvalued by 26%.

Multiples-Based 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.

What is Relative Valuation?

How is Multiples-Based Value calculated?

DRD Multiples-Based Value

Base Case

Overvaluation 26%

Multiples-Based Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

View Details

Multiples Across Competitors

All Multiples

P/S

P/E

EV/EBITDA

EV/EBIT

Forward Multiples

			Market Cap	P/S	P/E	EV/EBITDA	EV/EBIT
ZA	D	DRDGOLD Ltd JSE:DRD	41.5B ZAR	4.5	13	9.8	9.8
RU	P	Polyus PJSC LSE:PLZL	70.4T USD	11 233.1	34 959.7	19 286.2	22 132.2
ZA	G	Gold Fields Ltd JSE:GFI	651.1B ZAR	4.6	11.3	6.9	8.2
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	156.8B ZAR	1.9	9.6	4.8	5.8
CN		Zijin Mining Group Co Ltd SSE:601899	853.3B CNY	2.4	16.5	12.2	12.2
US		Newmont Corporation NYSE:NEM	108.2B USD	4.8	15.3	7.8	9.7
CA		Agnico Eagle Mines Ltd TSX:AEM	132.9B CAD	8	21.3	11.6	14.6
AU	G	Greatland Gold PLC ASX:GGP	133.6B AUD	40.4	109.3	69.6	77.7
CA		Barrick Gold Corp TSX:ABX	90.3B CAD	3.8	12.8	6.2	7.7
CA		Barrick Mining Corp F:ABR0	56.3B EUR	3.9	13.1	6.4	7.9
HK	Z	Zijin Gold International Co Ltd HKEX:2259	451B HKD	10.7	36	17.4	20

				Revenue Growth	P/S to Growth
ZA	D	DRDGOLD Ltd JSE:DRD	Average P/S: 1 028.9 4.5	23%	0.2
RU	P	Polyus PJSC LSE:PLZL	11 233.1	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	4.6	13%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	1.9	20%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	2.4	N/A	N/A
US		Newmont Corporation NYSE:NEM	4.8	10%	0.5
CA		Agnico Eagle Mines Ltd TSX:AEM	8	11%	0.7
AU	G	Greatland Gold PLC ASX:GGP	40.4	-11%	N/A
CA		Barrick Gold Corp TSX:ABX	3.8	15%	0.3
CA		Barrick Mining Corp F:ABR0	3.9	15%	0.3
HK	Z	Zijin Gold International Co Ltd HKEX:2259	10.7	N/A	N/A

				Earnings Growth	PEG
ZA	D	DRDGOLD Ltd JSE:DRD	Average P/E: 3 201.6 13	46%	0.3
RU	P	Polyus PJSC LSE:PLZL	34 959.7	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	11.3	14%	0.8
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	9.6	51%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	16.5	N/A	N/A
US		Newmont Corporation NYSE:NEM	15.3	16%	1
CA		Agnico Eagle Mines Ltd TSX:AEM	21.3	13%	1.6
AU	G	Greatland Gold PLC ASX:GGP	109.3	N/A	N/A
CA		Barrick Gold Corp TSX:ABX	12.8	17%	0.8
CA		Barrick Mining Corp F:ABR0	13.1	17%	0.8
HK	Z	Zijin Gold International Co Ltd HKEX:2259	36	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
ZA	D	DRDGOLD Ltd JSE:DRD	Average EV/EBITDA: 1 767.2 9.8	46%	0.2
RU	P	Polyus PJSC LSE:PLZL	19 286.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	6.9	16%	0.4
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	4.8	34%	0.1
CN		Zijin Mining Group Co Ltd SSE:601899	12.2	N/A	N/A
US		Newmont Corporation NYSE:NEM	7.8	11%	0.7
CA		Agnico Eagle Mines Ltd TSX:AEM	11.6	14%	0.8
AU	G	Greatland Gold PLC ASX:GGP	69.6	-5%	N/A
CA		Barrick Gold Corp TSX:ABX	6.2	21%	0.3
CA		Barrick Mining Corp F:ABR0	6.4	21%	0.3
HK	Z	Zijin Gold International Co Ltd HKEX:2259	17.4	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
ZA	D	DRDGOLD Ltd JSE:DRD	Average EV/EBIT: 2 027.8 9.8	47%	0.2
RU	P	Polyus PJSC LSE:PLZL	22 132.2	N/A	N/A
ZA	G	Gold Fields Ltd JSE:GFI	8.2	11%	0.7
ZA	H	Harmony Gold Mining Company Ltd JSE:HAR	5.8	37%	0.2
CN		Zijin Mining Group Co Ltd SSE:601899	12.2	N/A	N/A
US		Newmont Corporation NYSE:NEM	9.7	17%	0.6
CA		Agnico Eagle Mines Ltd TSX:AEM	14.6	17%	0.9
AU	G	Greatland Gold PLC ASX:GGP	77.7	-3%	N/A
CA		Barrick Gold Corp TSX:ABX	7.7	23%	0.3
CA		Barrick Mining Corp F:ABR0	7.9	23%	0.3
HK	Z	Zijin Gold International Co Ltd HKEX:2259	20	N/A	N/A

DRDGOLD Ltd
JSE:DRD

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

DRD Competitors Multiples
DRDGOLD Ltd Competitors

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Stocks

DRDGOLD Ltd JSE:DRD

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

DRD Competitors Multiples DRDGOLD Ltd Competitors

See Also

Company

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Stocks

DRDGOLD Ltd
JSE:DRD

DRD Competitors Multiples
DRDGOLD Ltd Competitors