Steppe Gold Ltd
TSX:STGO

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Steppe Gold Ltd
TSX:STGO
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Price: 1.89 CAD 1.07% Market Closed
Market Cap: 477.8m CAD
Section:
 

Relative Value

The Relative Value of one STGO stock under the Base Case scenario is 1.52 CAD. Compared to the current market price of 1.89 CAD, Steppe Gold Ltd is Overvalued by 19%.

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
1.52 CAD
Overvaluation 19%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

2.5
P/S
P/S
Price to Sales
2.5
vs History
15
vs Industry
70
Median 3Y
0.8
Median 5Y
1.1
Industry
2
Forward
1.9
More Details
8.4
P/E
P/E
Price to Earnings
8.4
vs History
17
vs Industry
27
Median 3Y
3
Median 5Y
2.7
Industry
18.8
Forward
3.1
More Details
9.9
P/OCF
P/OCF
Price to OCF
9.9
vs History
22
vs Industry
33
Median 3Y
3.4
Median 5Y
4.6
Industry
10.9
More Details
1 024.6
P/FCFE
P/FCFE
Price to FCFE
1 024.6
vs History
1
vs Industry
23
Median 3Y
1.3
Median 5Y
1.9
Industry
18.4
More Details
2.6
P/B
P/B
Price to Book Value
2.6
vs History
42
vs Industry
42
Median 3Y
1.4
Median 5Y
2.3
Industry
2.1
More Details
2.9
EV/S
EV/S
Enterprise Value to Sales
2.9
vs History
19
vs Industry
57
Median 3Y
1.1
Median 5Y
1.5
Industry
2.5
Forward
2.3
More Details
5.8
EV/GP
EV/GP
Enterprise Value to Gross Profit
5.8
vs History
20
vs Industry
62
Median 3Y
2.1
Median 5Y
2.6
Industry
8.3
More Details
5.4
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
5.4
vs History
36
vs Industry
29
Median 3Y
3.1
Median 5Y
3.7
Industry
12.3
Forward
3.6
More Details
6.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
6.7
vs History
33
vs Industry
27
Median 3Y
3.8
Median 5Y
4.2
Industry
14.9
Forward
4.1
More Details
11.5
EV/OCF
EV/OCF
Enterprise Value to OCF
11.5
vs History
25
vs Industry
29
Median 3Y
4.1
Median 5Y
5
Industry
12.4
More Details
30.7
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
30.7
vs History
9
vs Industry
20
Median 3Y
6.1
Median 5Y
6.1
Industry
16.8
More Details
1.8
EV/IC
EV/IC
Enterprise Value to IC
1.8
vs History
6
vs Industry
50
Median 3Y
0.9
Median 5Y
1
Industry
1.9
More Details

Multiples Across Competitors

STGO Competitors Multiples
Steppe Gold Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
MN
Steppe Gold Ltd
TSX:STGO
477.8m CAD 2.5 8.4 5.4 6.7
ZA
Anglo American Platinum Ltd
JSE:AMS
223.9B Zac 0 0 0 0
ZA
Impala Platinum Holdings Ltd
JSE:IMP
199.6B Zac 0 0 0 0
ZA
Sibanye Stillwater Ltd
JSE:SSW
165.9B Zac 0 0 0 0
ZA
Northam Platinum Holdings Ltd
JSE:NPH
125.5B Zac 0 0 0 0
ZA
Royal Bafokeng Platinum Ltd
JSE:RBP
36.7B Zac 0 0 0 0
MX
Fresnillo PLC
LSE:FRES
21.4B GBP 7.3 62.8 -32.5 -44
MX
Industrias Penoles SAB de CV
BMV:PE&OLES
318B MXN 2.3 19.3 6.4 8.7
CY
Tharisa PLC
JSE:THA
6.2B Zac 0 0 0 0
CA
Santacruz Silver Mining Ltd
XTSX:SCZ
5.1B CAD 12.1 48.4 39.9 48.3
RU
AK Alrosa PAO
MOEX:ALRS
292.4B RUB 0.8 4.7 2.5 3.7
P/S Multiple
Revenue Growth P/S to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average P/S: 5
2.5
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
3%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
15%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
7%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
20%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
0%
N/A
MX
Fresnillo PLC
LSE:FRES
7.3
11%
0.7
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
2.3
8%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available N/A N/A
CA
Santacruz Silver Mining Ltd
XTSX:SCZ
12.1
13%
0.9
RU
A
AK Alrosa PAO
MOEX:ALRS
0.8
N/A N/A
P/E Multiple
Earnings Growth PEG
MN
Steppe Gold Ltd
TSX:STGO
Average P/E: 28.7
8.4
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
44%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
-36%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available N/A N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
93%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
2%
N/A
MX
Fresnillo PLC
LSE:FRES
62.8
110%
0.6
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
19.3
177%
0.1
CY
T
Tharisa PLC
JSE:THA
Not Available N/A N/A
CA
Santacruz Silver Mining Ltd
XTSX:SCZ
48.4
-18%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
4.7
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average EV/EBITDA: 13.6
5.4
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: -32.5
23%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
6.4
19%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available
4%
N/A
CA
Santacruz Silver Mining Ltd
XTSX:SCZ
39.9
48%
0.8
RU
A
AK Alrosa PAO
MOEX:ALRS
2.5
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average EV/EBIT: 16.8
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: -44
37%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
8.7
28%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available
0%
N/A
CA
Santacruz Silver Mining Ltd
XTSX:SCZ
48.3
N/A N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
3.7
N/A N/A

See Also

Summary
STGO intrinsic value, competitors valuation, and company profile.
DCF Valuation
STGO stock valuation using Discount Cash Flow valuation method.
Relative Valuation
STGO stock valuation using valuation multiples.
Wall Street Estimates
STGO 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
STGO 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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