NextSource Materials Inc
TSX:NEXT

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NextSource Materials Inc
TSX:NEXT
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Price: 0.295 CAD Market Closed
Market Cap: CA$54.7m

EV/EBITDA

-5.9
Current
50%
Cheaper
vs 3-y average of -11.8

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-5.9
=
Enterprise Value
CA$110.7m
/
EBITDA
$-13.7m

Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBITDA
-5.9
=
Enterprise Value
CA$110.7m
/
EBITDA
$-13.7m

Valuation Scenarios

NextSource Materials Inc is trading above its industry average

If EV/EBITDA returns to its Industry Average (9.7), the stock would be worth CA$-0.48 (263% downside from current price).

Statistics
Positive Scenarios
0/2
Maximum Downside
-271%
Maximum Upside
No Upside Scenarios
Average Downside
267%
Scenario EV/EBITDA Value Implied Price Upside/Downside
Current Multiple -5.9 CA$0.3
0%
Industry Average 9.7 CA$-0.48
-263%
Country Average 10.2 CA$-0.51
-271%

Forward EV/EBITDA
Today’s price vs future ebitda

Not enough data available to calculate forward EV/EBITDA

Peer Comparison

All Multiples
EV/EBITDA
P/E
All Countries
Close
Market Cap EV/EBITDA P/E
CA
NextSource Materials Inc
TSX:NEXT
54.7m CAD -5.9 -1.2
AU
BHP Group Ltd
ASX:BHP
281.9B AUD 7.6 19.7
AU
Rio Tinto Ltd
ASX:RIO
282.3B AUD 8.4 20.1
UK
Rio Tinto PLC
LSE:RIO
118.5B GBP 7.4 15.7
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
1.6T MXN 9.2 18.1
CH
Glencore PLC
LSE:GLEN
64.5B GBP 11.3 235.2
SA
Saudi Arabian Mining Company SJSC
SAU:1211
248.9B SAR 18.1 33.9
CN
CMOC Group Ltd
SSE:603993
433B CNY 9.9 21.1
UK
Anglo American PLC
LSE:AAL
41.9B GBP 10.1 -14.8
CN
China Molybdenum Co Ltd
OTC:CMCLF
54.6B USD 8.7 18.5
ZA
African Rainbow Minerals Ltd
JSE:ARI
45.9B ZAR -75.7 35.6
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
CA
NextSource Materials Inc
TSX:NEXT
Average EV/EBITDA: 10.1
Negative Multiple: -5.9
N/A N/A
AU
BHP Group Ltd
ASX:BHP
7.6
6%
1.3
AU
Rio Tinto Ltd
ASX:RIO
8.4
9%
0.9
UK
Rio Tinto PLC
LSE:RIO
7.4
8%
0.9
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
9.2
6%
1.5
CH
Glencore PLC
LSE:GLEN
11.3
25%
0.5
SA
Saudi Arabian Mining Company SJSC
SAU:1211
18.1
5%
3.6
CN
CMOC Group Ltd
SSE:603993
9.9
18%
0.6
UK
Anglo American PLC
LSE:AAL
10.1
20%
0.5
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
8.7
18%
0.5
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
Negative Multiple: -75.7 N/A N/A
P/E Multiple
Earnings Growth PEG
CA
NextSource Materials Inc
TSX:NEXT
Average P/E: 46.4
Negative Multiple: -1.2
N/A N/A
AU
BHP Group Ltd
ASX:BHP
19.7
11%
1.8
AU
Rio Tinto Ltd
ASX:RIO
20.1
13%
1.5
UK
Rio Tinto PLC
LSE:RIO
15.7
11%
1.4
MX
Grupo Mexico SAB de CV
BMV:GMEXICOB
18.1
3%
6
CH
Glencore PLC
LSE:GLEN
235.2
161%
1.5
SA
Saudi Arabian Mining Company SJSC
SAU:1211
33.9
10%
3.4
CN
CMOC Group Ltd
SSE:603993
21.1
23%
0.9
UK
Anglo American PLC
LSE:AAL
Negative Multiple: -14.8 N/A N/A
CN
C
China Molybdenum Co Ltd
OTC:CMCLF
18.5
24%
0.8
ZA
A
African Rainbow Minerals Ltd
JSE:ARI
35.6
156%
0.2

Market Distribution

Lower than 100% of companies in Canada
Percentile
0th
Based on 2 002 companies
0th percentile
-5.9
Low
0 — 7
Typical Range
7 — 14.5
High
14.5 —
Distribution Statistics
Canada
Min 0
30th Percentile 7
Median 10.2
70th Percentile 14.5
Max 13 731.1

NextSource Materials Inc
Glance View

Market Cap
54.7m CAD
Industry
Metals & Mining

NextSource Materials, Inc. engages in the acquisition, exploration, and development of mineral resources. The company is headquartered in Toronto, Ontario and currently employs 2 full-time employees. The company went IPO on 2010-05-05. The firm operates as a supplier of critical battery materials and technology materials through the mining and value-added processing of flake graphite and other critical minerals. The company is also engaged in the development of value-added processing facilities capable of producing coated and spheronized graphite that is used for the manufacturing of battery anodes. The firm's project includes Molo Graphite Project and Green Giant Vanadium Project. The Molo Graphite Project is located 160 kilometers (km) by road south-east of Madagascar's administrative capital (and port city) of Toliara and covers an area of 62.5 hectares (ha). The project consists of SuperFlake graphite that is used in refractory (steel), lithium-ion battery applications and expanded graphite (foil) applications. The Green Giant Vanadium Project is located in south-central Madagascar, containing vanadium deposits.

NEXT Intrinsic Value
0.393 CAD
Undervaluation 25%
Intrinsic Value
Price CA$0.295
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