Eldorado Gold Corp
TSX:ELD

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Eldorado Gold Corp Logo
Eldorado Gold Corp
TSX:ELD
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Price: 28.95 CAD -1.5%
Market Cap: 5.9B 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 51.65 CAD. Compared to the current market price of 28.95 CAD, Eldorado Gold Corp is Undervalued by 44%.

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
51.65 CAD
Undervaluation 44%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

3.1
P/S
P/S
Price to Sales
3.1
vs History
4
vs Industry
46
Median 3Y
2.3
Median 5Y
2.1
Industry
1.8
Forward
2.8
More Details
13.3
P/E
P/E
Price to Earnings
13.3
vs History
44
vs Industry
19
Median 3Y
11.9
Median 5Y
12.7
Industry
16.1
Forward
13.3
More Details
6.3
P/OCF
P/OCF
Price to OCF
6.3
vs History
41
vs Industry
24
Median 3Y
6.6
Median 5Y
6
Industry
9.6
More Details
13
P/FCFE
P/FCFE
Price to FCFE
13
vs History
41
vs Industry
17
Median 3Y
12.4
Median 5Y
11
Industry
15.9
More Details
1.1
P/B
P/B
Price to Book Value
1.1
vs History
0
vs Industry
58
Median 3Y
0.7
Median 5Y
0.6
Industry
1.6
More Details
3.7
EV/S
EV/S
Enterprise Value to Sales
3.7
vs History
0
vs Industry
46
Median 3Y
2.4
Median 5Y
2.2
Industry
2.1
Forward
3.5
More Details
9.2
EV/GP
EV/GP
Enterprise Value to Gross Profit
9.2
vs History
33
vs Industry
41
Median 3Y
9.3
Median 5Y
8.2
Industry
7.3
More Details
7.1
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
7.1
vs History
7
vs Industry
25
Median 3Y
6.1
Median 5Y
5.1
Industry
10.5
Forward
6.6
More Details
10.9
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
10.9
vs History
47
vs Industry
21
Median 3Y
13.9
Median 5Y
10.9
Industry
13.3
Forward
9.4
More Details
7.7
EV/OCF
EV/OCF
Enterprise Value to OCF
7.7
vs History
25
vs Industry
27
Median 3Y
7.4
Median 5Y
6.5
Industry
11
More Details
91
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
91
vs History
0
vs Industry
4
Median 3Y
-41.7
Median 5Y
7.5
Industry
14.4
More Details
0.9
EV/IC
EV/IC
Enterprise Value to IC
0.9
vs History
0
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
5.9B CAD 3.1 13.3 7.1 10.9
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 563.1 35 986.6 19 852.7 22 782.3
ZA
Gold Fields Ltd
JSE:GFI
391.6B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
161.9B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
477.6B CNY 1.6 13.3 11.3 11.3
CA
Agnico Eagle Mines Ltd
TSX:AEM
81.2B CAD 6.7 25.1 11.1 15.8
US
Newmont Corporation
NYSE:NEM
59.4B USD 3 11.7 6.6 9
CA
Wheaton Precious Metals Corp
TSX:WPM
55.1B CAD 27.6 65 38.6 52
CA
Barrick Gold Corp
TSX:ABX
47.5B CAD 2.6 14.9 5.2 7.2
CA
Franco-Nevada Corp
TSX:FNV
44.2B CAD 26.3 52.2 29.8 38.5
RU
Polyus PAO
MOEX:PLZL
2.4T RUB 3.5 7.9 6.1 6.7
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
Eldorado Gold Corp
TSX:ELD
Average EV/EBITDA: 2 218.7
7.1
27%
0.3
RU
P
Polyus PJSC
LSE:PLZL
19 852.7
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
11.3
26%
0.4
CA
Agnico Eagle Mines Ltd
TSX:AEM
11.1
9%
1.2
US
Newmont Corporation
NYSE:NEM
6.6
6%
1.1
CA
Wheaton Precious Metals Corp
TSX:WPM
38.6
18%
2.1
CA
Barrick Gold Corp
TSX:ABX
5.2
16%
0.3
CA
Franco-Nevada Corp
TSX:FNV
29.8
17%
1.8
RU
Polyus PAO
MOEX:PLZL
6.1
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
CA
Eldorado Gold Corp
TSX:ELD
Average EV/EBIT: 2 548.2
10.9
30%
0.4
RU
P
Polyus PJSC
LSE:PLZL
22 782.3
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
34%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.3
19%
0.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
15.8
12%
1.3
US
Newmont Corporation
NYSE:NEM
9
7%
1.3
CA
Wheaton Precious Metals Corp
TSX:WPM
52
16%
3.3
CA
Barrick Gold Corp
TSX:ABX
7.2
14%
0.5
CA
Franco-Nevada Corp
TSX:FNV
38.5
14%
2.8
RU
Polyus PAO
MOEX:PLZL
6.7
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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