Eldorado Gold Corp
TSX:ELD

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Eldorado Gold Corp Logo
Eldorado Gold Corp
TSX:ELD
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Price: 27.23 CAD 1.04% Market Closed
Market Cap: 5.6B CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one ELD stock under the Base Case scenario is 49.71 CAD. Compared to the current market price of 27.23 CAD, Eldorado Gold Corp is Undervalued by 45%.

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.

ELD Relative Value
Base Case
49.71 CAD
Undervaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.8
P/S
P/S
Price to Sales
2.8
vs History
12
vs Industry
46
Median 3Y
2.3
Median 5Y
2.1
Industry
1.8
Forward
2.6
More Details
12.3
P/E
P/E
Price to Earnings
12.3
vs History
50
vs Industry
19
Median 3Y
11.6
Median 5Y
12.3
Industry
16
Forward
12.3
More Details
5.8
P/OCF
P/OCF
Price to OCF
5.8
vs History
49
vs Industry
24
Median 3Y
6.7
Median 5Y
5.8
Industry
9.4
More Details
12.1
P/FCFE
P/FCFE
Price to FCFE
12.1
vs History
44
vs Industry
17
Median 3Y
11.5
Median 5Y
11
Industry
15.7
More Details
1
P/B
P/B
Price to Book Value
1
vs History
0
vs Industry
58
Median 3Y
0.7
Median 5Y
0.6
Industry
1.5
More Details
2.8
EV/S
EV/S
Enterprise Value to Sales
2.8
vs History
20
vs Industry
46
Median 3Y
2.4
Median 5Y
2.2
Industry
2.1
Forward
2.6
More Details
6.9
EV/GP
EV/GP
Enterprise Value to Gross Profit
6.9
vs History
55
vs Industry
41
Median 3Y
9.2
Median 5Y
7.2
Industry
7.2
More Details
5.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
5.3
vs History
42
vs Industry
25
Median 3Y
6
Median 5Y
5
Industry
10.1
Forward
5.1
More Details
8.2
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
8.2
vs History
69
vs Industry
21
Median 3Y
13.9
Median 5Y
10.8
Industry
12.9
Forward
7.1
More Details
5.7
EV/OCF
EV/OCF
Enterprise Value to OCF
5.7
vs History
55
vs Industry
27
Median 3Y
7.1
Median 5Y
6
Industry
10.7
More Details
70
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
70
vs History
0
vs Industry
4
Median 3Y
-41.7
Median 5Y
7.5
Industry
13.9
More Details
0.8
EV/IC
EV/IC
Enterprise Value to IC
0.8
vs History
3
vs Industry
59
Median 3Y
0.6
Median 5Y
0.5
Industry
1.4
More Details

Multiples Across Competitors

ELD Competitors Multiples
Eldorado Gold Corp Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
CA
Eldorado Gold Corp
TSX:ELD
5.6B CAD 2.8 12.3 5.3 8.2
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 683.4 36 361.1 20 059.3 23 019.4
ZA
Gold Fields Ltd
JSE:GFI
354.3B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
175.1B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
494.1B CNY 1.6 13.7 11.6 11.6
US
Newmont Corporation
NYSE:NEM
60.1B USD 3.1 11.9 6.7 9.1
CA
Agnico Eagle Mines Ltd
TSX:AEM
81.2B CAD 6.6 24.8 11 15.6
CA
Wheaton Precious Metals Corp
TSX:WPM
54B CAD 26.7 62.9 37.3 50.3
CA
Barrick Gold Corp
TSX:ABX
45B CAD 2.4 14 4.9 6.8
CA
Franco-Nevada Corp
TSX:FNV
44.4B CAD 26.1 51.9 29.6 38.2
RU
Polyus PAO
MOEX:PLZL
2.3T RUB 3.3 7.6 5.9 6.5
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Eldorado Gold Corp
TSX:ELD
Average EV/EBITDA: 2 241.3
5.3
21%
0.3
RU
P
Polyus PJSC
LSE:PLZL
20 059.3
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
19%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.6
26%
0.4
US
Newmont Corporation
NYSE:NEM
6.7
4%
1.7
CA
Agnico Eagle Mines Ltd
TSX:AEM
11
4%
2.7
CA
Wheaton Precious Metals Corp
TSX:WPM
37.3
14%
2.7
CA
Barrick Gold Corp
TSX:ABX
4.9
11%
0.4
CA
Franco-Nevada Corp
TSX:FNV
29.6
15%
2
RU
Polyus PAO
MOEX:PLZL
5.9
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Eldorado Gold Corp
TSX:ELD
Average EV/EBIT: 2 574
8.2
30%
0.3
RU
P
Polyus PJSC
LSE:PLZL
23 019.4
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
19%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.6
18%
0.6
US
Newmont Corporation
NYSE:NEM
9.1
5%
1.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.6
10%
1.6
CA
Wheaton Precious Metals Corp
TSX:WPM
50.3
16%
3.1
CA
Barrick Gold Corp
TSX:ABX
6.8
14%
0.5
CA
Franco-Nevada Corp
TSX:FNV
38.2
13%
2.9
RU
Polyus PAO
MOEX:PLZL
6.5
N/A N/A

See Also

Summary
ELD intrinsic value, competitors valuation, and company profile.
DCF Valuation
ELD stock valuation using Discount Cash Flow valuation method.
Relative Valuation
ELD stock valuation using valuation multiples.
Wall Street Estimates
ELD price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
ELD stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
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