Steppe Gold Ltd
TSX:STGO

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Steppe Gold Ltd
TSX:STGO
Watchlist
Price: 1.28 CAD 4.92% Market Closed
Market Cap: 323.6m CAD
Section:
Relative Value
Relative Value
Valuation Multiples
Multiples Across Competitors
See Also

Relative Value

The Relative Value of one STGO stock under the Base Case scenario is 2.32 CAD. Compared to the current market price of 1.28 CAD, Steppe Gold Ltd is Undervalued by 45%.

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
2.32 CAD
Undervaluation 45%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

1.1
P/S
P/S
Price to Sales
1.1
vs History
46
vs Industry
70
Median 3Y
0.8
Median 5Y
1.1
Industry
1.8
Forward
1.3
More Details
3.5
P/E
P/E
Price to Earnings
3.5
vs History
33
vs Industry
27
Median 3Y
2.5
Median 5Y
2
Industry
16.6
Forward
-9.2
More Details
2.9
P/OCF
P/OCF
Price to OCF
2.9
vs History
63
vs Industry
33
Median 3Y
3.4
Median 5Y
4.6
Industry
9.8
More Details
11.6
P/FCFE
P/FCFE
Price to FCFE
11.6
vs History
1
vs Industry
23
Median 3Y
1.3
Median 5Y
1.6
Industry
16.4
More Details
2
P/B
P/B
Price to Book Value
2
vs History
53
vs Industry
42
Median 3Y
1.4
Median 5Y
2.3
Industry
1.7
More Details
1.4
EV/S
EV/S
Enterprise Value to Sales
1.4
vs History
49
vs Industry
57
Median 3Y
1
Median 5Y
1.3
Industry
2.2
Forward
1.6
More Details
2.5
EV/GP
EV/GP
Enterprise Value to Gross Profit
2.5
vs History
47
vs Industry
62
Median 3Y
2.1
Median 5Y
2.4
Industry
7.6
More Details
2.3
EV/EBITDA
EV/EBITDA
Enterprise Value to EBITDA
2.3
vs History
77
vs Industry
29
Median 3Y
2.9
Median 5Y
3.6
Industry
10.8
Forward
69.7
More Details
2.7
EV/EBIT
EV/EBIT
Enterprise Value to EBIT
2.7
vs History
73
vs Industry
27
Median 3Y
3.6
Median 5Y
4.1
Industry
13.8
Forward
1.9
More Details
3.5
EV/OCF
EV/OCF
Enterprise Value to OCF
3.5
vs History
66
vs Industry
29
Median 3Y
4.1
Median 5Y
5
Industry
11.2
More Details
4.4
EV/FCFF
EV/FCFF
Enterprise Value to FCFF
4.4
vs History
58
vs Industry
20
Median 3Y
5.2
Median 5Y
5.2
Industry
15
More Details
1.4
EV/IC
EV/IC
Enterprise Value to IC
1.4
vs History
20
vs Industry
50
Median 3Y
0.9
Median 5Y
1
Industry
1.5
More Details

Multiples Across Competitors

STGO Competitors Multiples
Steppe Gold Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
Market Cap P/S P/E EV/EBITDA EV/EBIT
MN
Steppe Gold Ltd
TSX:STGO
323.6m CAD 1.1 3.5 2.3 2.7
ZA
Anglo American Platinum Ltd
JSE:AMS
231.3B Zac 0 0 0 0
ZA
Impala Platinum Holdings Ltd
JSE:IMP
161.2B Zac 0 0 0 0
ZA
Sibanye Stillwater Ltd
JSE:SSW
120.1B Zac 0 0 0 0
ZA
Northam Platinum Holdings Ltd
JSE:NPH
86.1B Zac 0 0 0 0
ZA
Royal Bafokeng Platinum Ltd
JSE:RBP
36.7B Zac 0 0 0 0
MX
Fresnillo PLC
LSE:FRES
10.9B GBP 4.2 104.7 -19.6 -32.8
MX
Industrias Penoles SAB de CV
BMV:PE&OLES
201.8B MXN 1.5 36.3 4.8 7.2
CY
Tharisa PLC
JSE:THA
6.9B Zac 0 0 0 0
RU
AK Alrosa PAO
MOEX:ALRS
344.8B RUB 1.4 16.3 5.4 10.7
CN
Sino-Platinum Metals Co Ltd
SSE:600459
12.3B CNY 0.2 20.9 17.4 17.4
P/E Multiple
Earnings Growth PEG
MN
Steppe Gold Ltd
TSX:STGO
Average P/E: 36.3
3.5
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
35%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available N/A 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
56%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
2%
N/A
MX
Fresnillo PLC
LSE:FRES
104.7
67%
1.6
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
36.3
113%
0.3
CY
T
Tharisa PLC
JSE:THA
Not Available
1%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
16.3
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
20.9
N/A N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average EV/EBITDA: 7.5
2.3
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
28%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
30%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
19%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
29%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
-5%
N/A
MX
Fresnillo PLC
LSE:FRES
Negative Multiple: -19.6
5%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
4.8
2%
2.4
CY
T
Tharisa PLC
JSE:THA
Not Available
5%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
5.4
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
17.4
N/A N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
MN
Steppe Gold Ltd
TSX:STGO
Average EV/EBIT: 9.5
2.7
N/A N/A
ZA
A
Anglo American Platinum Ltd
JSE:AMS
Not Available
12%
N/A
ZA
I
Impala Platinum Holdings Ltd
JSE:IMP
Not Available
68%
N/A
ZA
S
Sibanye Stillwater Ltd
JSE:SSW
Not Available
37%
N/A
ZA
N
Northam Platinum Holdings Ltd
JSE:NPH
Not Available
24%
N/A
ZA
R
Royal Bafokeng Platinum Ltd
JSE:RBP
Not Available
-10%
N/A
MX
Fresnillo PLC
LSE:FRES
Negative Multiple: -32.8
11%
N/A
MX
I
Industrias Penoles SAB de CV
BMV:PE&OLES
7.2
1%
7.2
CY
T
Tharisa PLC
JSE:THA
Not Available
1%
N/A
RU
A
AK Alrosa PAO
MOEX:ALRS
10.7
N/A N/A
CN
Sino-Platinum Metals Co Ltd
SSE:600459
17.4
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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