Centamin PLC
TSX:CEE

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Centamin PLC
TSX:CEE
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Price: 2.48 CAD Market Closed
Market Cap: 2.9B CAD

Relative Value

The Relative Value of one CEE stock under the Base Case scenario is 2.24 CAD. Compared to the current market price of 2.48 CAD, Centamin PLC is Overvalued by 10%.

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.

CEE Relative Value
Base Case
2.24 CAD
Overvaluation 10%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
11
vs Industry
47
Median 3Y
1.8
Median 5Y
1.8
Industry
1.8
Forward
0
vs History
3
vs Industry
10
Median 3Y
18.5
Median 5Y
15.4
Industry
16
Forward
0.1
vs History
11
vs Industry
24
Median 3Y
4.7
Median 5Y
4.1
Industry
9.4
vs History
42
vs Industry
16
Median 3Y
13.5
Median 5Y
11.4
Industry
15.8
vs History
7
vs Industry
39
Median 3Y
1
Median 5Y
1
Industry
1.6
vs History
vs Industry
Median 3Y
-9.9
Median 5Y
-15.1
Industry
2.1
Forward
-0.1
vs History
vs Industry
Median 3Y
-34.7
Median 5Y
-56.9
Industry
7.2
vs History
vs Industry
Median 3Y
-22.8
Median 5Y
-38.7
Industry
10.4
Forward
-0.1
vs History
vs Industry
Median 3Y
-42.2
Median 5Y
-71.7
Industry
13.3
Forward
-0.2
vs History
vs Industry
Median 3Y
-24.4
Median 5Y
-38
Industry
10.8
vs History
vs Industry
Median 3Y
-97.9
Median 5Y
-103.4
Industry
14.4
vs History
vs Industry
Median 3Y
-6.4
Median 5Y
-9.2
Industry
1.4

Multiples Across Competitors

CEE Competitors Multiples
Centamin PLC Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
JE
Centamin PLC
TSX:CEE
1.7B CAD 2.4 26.9 -20.6 -41.5
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 511.1 35 824.8 19 763.5 22 679.9
ZA
Gold Fields Ltd
JSE:GFI
393.2B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
157.7B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
489.3B CNY 1.6 13.6 11.5 11.5
US
Newmont Corporation
NYSE:NEM
65.2B USD 3.3 12.9 7.2 9.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
83.6B CAD 6.8 25.8 11.4 16.2
CA
Wheaton Precious Metals Corp
TSX:WPM
55.7B CAD 27.8 65.5 38.9 52.4
CA
Barrick Gold Corp
TSX:ABX
49.5B CAD 2.7 15.5 5.4 7.5
CA
Franco-Nevada Corp
TSX:FNV
44B CAD 26.1 51.8 29.6 38.2
RU
Polyus PAO
MOEX:PLZL
2.4T RUB 3.4 7.8 6 6.6
P/S Multiple
Revenue Growth P/S to Growth
JE
Centamin PLC
TSX:CEE
Average P/S: 1 287.3
2.4
10%
0.2
RU
P
Polyus PJSC
LSE:PLZL
11 511.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
13%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.6
9%
0.2
US
Newmont Corporation
NYSE:NEM
3.3
1%
3.3
CA
Agnico Eagle Mines Ltd
TSX:AEM
6.8
7%
1
CA
Wheaton Precious Metals Corp
TSX:WPM
27.8
15%
1.9
CA
Barrick Gold Corp
TSX:ABX
2.7
10%
0.3
CA
Franco-Nevada Corp
TSX:FNV
26.1
7%
3.7
RU
Polyus PAO
MOEX:PLZL
3.4
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JE
Centamin PLC
TSX:CEE
Average EV/EBITDA: 2 484.2
Negative Multiple: -20.6
24%
N/A
RU
P
Polyus PJSC
LSE:PLZL
19 763.5
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
17%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
27%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.5
26%
0.4
US
Newmont Corporation
NYSE:NEM
7.2
6%
1.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
11.4
9%
1.3
CA
Wheaton Precious Metals Corp
TSX:WPM
38.9
18%
2.2
CA
Barrick Gold Corp
TSX:ABX
5.4
16%
0.3
CA
Franco-Nevada Corp
TSX:FNV
29.6
17%
1.7
RU
Polyus PAO
MOEX:PLZL
6
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JE
Centamin PLC
TSX:CEE
Average EV/EBIT: 2 852.8
Negative Multiple: -41.5
33%
N/A
RU
P
Polyus PJSC
LSE:PLZL
22 679.9
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
34%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.5
19%
0.6
US
Newmont Corporation
NYSE:NEM
9.9
7%
1.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
16.2
12%
1.3
CA
Wheaton Precious Metals Corp
TSX:WPM
52.4
16%
3.3
CA
Barrick Gold Corp
TSX:ABX
7.5
14%
0.5
CA
Franco-Nevada Corp
TSX:FNV
38.2
14%
2.7
RU
Polyus PAO
MOEX:PLZL
6.6
N/A N/A