Novo Resources Corp
TSX:NVO
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EV/IC
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.
Valuation Scenarios
If EV/IC returns to its 3-Year Average (0.3), the stock would be worth CA$0.08 (2% downside from current price).
| Scenario | EV/IC Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 0.3 | CA$0.08 |
0%
|
| 3-Year Average | 0.3 | CA$0.08 |
-2%
|
| 5-Year Average | 0.4 | CA$0.08 |
+6%
|
| Industry Average | 3.2 | CA$0.76 |
+849%
|
| Country Average | 1.7 | CA$0.4 |
+403%
|
Forward EV/IC
Today’s price vs future invested capital
Peer Comparison
| Market Cap | EV/IC | P/E | ||||
|---|---|---|---|---|---|---|
| CA |
|
Novo Resources Corp
TSX:NVO
|
28.4m CAD | 0.3 | -1.1 | |
| RU |
P
|
Polyus PJSC
LSE:PLZL
|
70.4T USD | 8 391.6 | 34 959.7 | |
| ZA |
G
|
Gold Fields Ltd
JSE:GFI
|
636.8B ZAR | 3.2 | 10.9 | |
| ZA |
H
|
Harmony Gold Mining Company Ltd
JSE:HAR
|
164.6B ZAR | 1.6 | 10.1 | |
| CN |
|
Zijin Mining Group Co Ltd
SSE:601899
|
885.4B CNY | 2.3 | 14.4 | |
| US |
|
Newmont Corporation
NYSE:NEM
|
118.3B USD | 2.4 | 16.7 | |
| CA |
|
Agnico Eagle Mines Ltd
TSX:AEM
|
127.7B CAD | 2.9 | 20.4 | |
| CA |
|
Barrick Gold Corp
TSX:ABX
|
89.4B CAD | 1.5 | 13 | |
| CA |
|
Barrick Mining Corp
F:ABR0
|
55.5B EUR | 1.5 | 13.1 | |
| CA |
|
Wheaton Precious Metals Corp
TSX:WPM
|
77.9B CAD | 6.9 | 38.2 | |
| HK |
Z
|
Zijin Gold International Co Ltd
HKEX:2259
|
403.6B HKD | 5.6 | 32.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1 |
| Median | 1.7 |
| 70th Percentile | 3.7 |
| Max | 95 179.6 |
Other Multiples
Novo Resources Corp
Glance View
Novo Resources Corp. engages in the evaluation, acquisition, and exploration of natural resource properties with a focus on gold. The company is headquartered in Vancouver, British Columbia and currently employs 111 full-time employees. The company went IPO on 2010-06-14. The firm is primarily focused on gold, particularly the Beatons Creek gold project (Beatons Creek Project). The firm's segments include Mining operations and Exploration operations. The firm owns 100% interest in approximately 6,021 square kilometers of mineral rights in the Karratha region. Its Comet Well project is situated approximately 45 kilometers (km) south of Karratha, Western Australia. Its Egina project lies in the Pilbara gold province approximately 120 km east of Company's Karratha gold project. Its Beatons creek gold project is located near the town of Nullagine in Western Australia. Its Marble Bar project comprises various gold targets around the town of Marble Bar. Its various other assets include Blue Spec Project, Millennium Property and Mt Elsie project, among others.
