ELD Relative Valuation - Eldorado Gold Corp

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Price: 46.79 CAD -1.8%

Market Cap: CA$9.3B

	Eldorado Gold Corp TSX:ELD	CA

Multiples-Based Value

The Multiples-Based Value of one ELD stock under the Base Case scenario is 50.38 CAD. Compared to the current market price of 46.79 CAD, Eldorado Gold Corp is Undervalued by 7%.

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?

ELD Multiples-Based Value

Base Case

Undervaluation 7%

Multiples-Based Value

Price

Worst Case

Base Case

Best Case

Valuation Multiples

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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
CA		Eldorado Gold Corp TSX:ELD	9.5B CAD	3.7	13.4	6.9	9.3
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	883.8B CNY	2.5	17.1	12.6	12.6
US		Newmont Corporation NYSE:NEM	110.6B 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	137.6B AUD	41.6	112.5	71.7	80
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	487.9B HKD	11.6	39	18.9	21.7

				Revenue Growth	P/S to Growth
CA		Eldorado Gold Corp TSX:ELD	Average P/S: 1 029 3.7	26%	0.1
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	2.5	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	41.6	-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	11.6	N/A	N/A

				Earnings Growth	PEG
CA		Eldorado Gold Corp TSX:ELD	Average P/E: 3 202.3 13.4	43%	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	17.1	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	112.5	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	39	N/A	N/A

				EBITDA Growth	EV/EBITDA to Growth
CA		Eldorado Gold Corp TSX:ELD	Average EV/EBITDA: 1 767.3 6.9	29%	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	12.6	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	71.7	-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	18.9	N/A	N/A

				EBIT Growth	EV/EBIT to Growth
CA		Eldorado Gold Corp TSX:ELD	Average EV/EBIT: 2 028.2 9.3	30%	0.3
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	12.6	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	80	-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	21.7	N/A	N/A

Eldorado Gold Corp
TSX:ELD

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

ELD Competitors Multiples
Eldorado Gold Corp Competitors

See Also

Company

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Stocks

Eldorado Gold Corp TSX:ELD

Multiples-Based Value

Valuation Multiples

Multiples Across Competitors

ELD Competitors Multiples Eldorado Gold Corp Competitors

See Also

Company

Help

Tools

Stocks

Eldorado Gold Corp
TSX:ELD

ELD Competitors Multiples
Eldorado Gold Corp Competitors