Steppe Gold Ltd
TSX:STGO

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Steppe Gold Ltd
TSX:STGO
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Price: 1.91 CAD 1.6% Market Closed
Market Cap: 482.9m CAD

Relative Value

The Relative Value of one STGO stock under the Base Case scenario is 1.54 CAD. Compared to the current market price of 1.91 CAD, Steppe Gold Ltd is Overvalued by 20%.

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.

STGO Relative Value
Base Case
1.54 CAD
Overvaluation 20%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
15
vs Industry
70
Median 3Y
0.8
Median 5Y
1.1
Industry
2
Forward
2
vs History
17
vs Industry
27
Median 3Y
3
Median 5Y
2.7
Industry
18.8
Forward
3.2
vs History
22
vs Industry
33
Median 3Y
3.4
Median 5Y
4.6
Industry
10.9
vs History
1
vs Industry
23
Median 3Y
1.3
Median 5Y
1.9
Industry
18.2
vs History
42
vs Industry
42
Median 3Y
1.4
Median 5Y
2.3
Industry
2.1
vs History
19
vs Industry
57
Median 3Y
1.1
Median 5Y
1.5
Industry
2.5
Forward
2.3
vs History
20
vs Industry
62
Median 3Y
2.1
Median 5Y
2.6
Industry
8.3
vs History
36
vs Industry
29
Median 3Y
3.1
Median 5Y
3.7
Industry
12.3
Forward
3.6
vs History
33
vs Industry
27
Median 3Y
3.8
Median 5Y
4.2
Industry
14.9
Forward
4.1
vs History
23
vs Industry
29
Median 3Y
4.1
Median 5Y
5
Industry
12.2
vs History
9
vs Industry
20
Median 3Y
6.1
Median 5Y
6.1
Industry
16.4
vs History
6
vs Industry
50
Median 3Y
0.9
Median 5Y
1
Industry
1.9

Multiples Across Competitors

STGO Competitors Multiples
Steppe Gold Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
MN
Steppe Gold Ltd
TSX:STGO
482.9m CAD 2.5 8.5 5.5 6.7
ZA
Anglo American Platinum Ltd
JSE:AMS
223.9B Zac 0 0 0 0
ZA
Impala Platinum Holdings Ltd
JSE:IMP
208.4B Zac 0 0 0 0
ZA
Sibanye Stillwater Ltd
JSE:SSW
167.4B Zac 0 0 0 0
ZA
Northam Platinum Holdings Ltd
JSE:NPH
126.3B Zac 0 0 0 0
ZA
Royal Bafokeng Platinum Ltd
JSE:RBP
36.7B Zac 0 0 0 0
MX
Fresnillo PLC
LSE:FRES
23.4B GBP 7.9 68.5 -31.2 -42.3
MX
Industrias Penoles SAB de CV
BMV:PE&OLES
345.8B MXN 2.5 20.9 7 9.5
CY
Tharisa PLC
JSE:THA
6.9B Zac 0 0 0 0
RU
AK Alrosa PAO
MOEX:ALRS
310B RUB 0.8 5 2.7 3.9
CN
Sino-Platinum Metals Co Ltd
SSE:600459
14.3B CNY 0.3 22.4 23.3 23.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average EV/EBITDA: 9.6
5.5
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
36%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
51%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
40%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
59%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
-5%
N/A
MX
Fresnillo PLC
LSE:FRES
Negative Multiple: -31.2
23%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
7
19%
0.4
CY
T
Tharisa PLC
JSE:THA
Not Available
4%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
2.7
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
23.3
22%
1.1
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average EV/EBIT: 10.8
6.7
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
24%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
132%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
80%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
64%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
-10%
N/A
MX
Fresnillo PLC
LSE:FRES
Negative Multiple: -42.3
37%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
9.5
28%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available
0%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
3.9
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
23.3
N/A N/A