Centamin PLC
TSX:CEE

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

Relative Value

The Relative Value of one CEE stock under the Base Case scenario is 2.23 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
2.23 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
4
vs Industry
10
Median 3Y
18.7
Median 5Y
15.4
Industry
16.4
Forward
0.1
vs History
11
vs Industry
24
Median 3Y
4.7
Median 5Y
4.1
Industry
9.7
vs History
44
vs Industry
16
Median 3Y
12
Median 5Y
11.5
Industry
16.2
vs History
9
vs Industry
39
Median 3Y
1.1
Median 5Y
1
Industry
1.7
vs History
vs Industry
Median 3Y
-9.8
Median 5Y
-11.3
Industry
2.1
Forward
-0.1
vs History
vs Industry
Median 3Y
-34.6
Median 5Y
-42.8
Industry
7.4
vs History
vs Industry
Median 3Y
-21.8
Median 5Y
-27.9
Industry
10.6
Forward
-0.1
vs History
vs Industry
Median 3Y
-42.2
Median 5Y
-51.7
Industry
13.5
Forward
-0.2
vs History
vs Industry
Median 3Y
-23.9
Median 5Y
-30.5
Industry
11
vs History
vs Industry
Median 3Y
-53.2
Median 5Y
-101.5
Industry
14.6
vs History
vs Industry
Median 3Y
-6.3
Median 5Y
-6.9
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 2.5 27.3 -20.5 -41.3
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 541.1 35 918.1 19 815 22 739
ZA
Gold Fields Ltd
JSE:GFI
386.3B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
158.6B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
526.8B CNY 1.7 14.7 12.3 12.3
US
Newmont Corporation
NYSE:NEM
65B USD 3.3 12.7 7.2 9.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
80.3B CAD 6.6 25 11.1 15.7
AU
Greatland Gold PLC
ASX:GGP
88.3B AUD 5 083.5 4 884.4 -3 675.7 -2 963.9
CA
Wheaton Precious Metals Corp
TSX:WPM
53.9B CAD 27.4 64.5 38.3 51.6
CA
Barrick Gold Corp
TSX:ABX
48.8B CAD 2.7 15.4 5.4 7.5
RU
Polyus PAO
MOEX:PLZL
2.6T RUB 3.8 8.5 6.5 7.1
P/S Multiple
Revenue Growth P/S to Growth
JE
Centamin PLC
TSX:CEE
Average P/S: 1 852.5
2.5
10%
0.2
RU
P
Polyus PJSC
LSE:PLZL
11 541.1
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
1.7
9%
0.2
US
Newmont Corporation
NYSE:NEM
3.3
1%
3.3
CA
Agnico Eagle Mines Ltd
TSX:AEM
6.6
7%
0.9
AU
G
Greatland Gold PLC
ASX:GGP
5 083.5
N/A N/A
CA
Wheaton Precious Metals Corp
TSX:WPM
27.4
15%
1.8
CA
Barrick Gold Corp
TSX:ABX
2.7
10%
0.3
RU
Polyus PAO
MOEX:PLZL
3.8
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
JE
Centamin PLC
TSX:CEE
Average EV/EBITDA: 2 842.2
Negative Multiple: -20.5
24%
N/A
RU
P
Polyus PJSC
LSE:PLZL
19 815
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
12.3
26%
0.5
US
Newmont Corporation
NYSE:NEM
7.2
6%
1.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
11.1
9%
1.2
AU
G
Greatland Gold PLC
ASX:GGP
Negative Multiple: -3 675.7 N/A N/A
CA
Wheaton Precious Metals Corp
TSX:WPM
38.3
18%
2.1
CA
Barrick Gold Corp
TSX:ABX
5.4
16%
0.3
RU
Polyus PAO
MOEX:PLZL
6.5
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
JE
Centamin PLC
TSX:CEE
Average EV/EBIT: 3 263.3
Negative Multiple: -41.3
33%
N/A
RU
P
Polyus PJSC
LSE:PLZL
22 739
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
12.3
19%
0.6
US
Newmont Corporation
NYSE:NEM
9.8
7%
1.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.7
12%
1.3
AU
G
Greatland Gold PLC
ASX:GGP
Negative Multiple: -2 963.9 N/A N/A
CA
Wheaton Precious Metals Corp
TSX:WPM
51.6
16%
3.2
CA
Barrick Gold Corp
TSX:ABX
7.5
14%
0.5
RU
Polyus PAO
MOEX:PLZL
7.1
N/A N/A