Company Valuation: Bellevue Gold Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 815.8 660.1 1,435 2,102 1,328 2,538 - -
Change - -19.09% 117.44% 46.42% -36.79% 91.04% - -
Enterprise Value (EV) 1 722.9 543.7 1,497 2,270 1,275 2,650 2,359 2,046
Change - -24.79% 175.34% 51.63% -43.82% 107.8% -10.98% -13.27%
P/E ratio -65.1x -35.6x -55.7x 28.3x -25.7x 18.6x 8.95x 8.17x
PBR 3.7x 1.88x 3.36x 3.75x 1.62x 2.61x 1.93x 1.59x
PEG - -1.5x -2.1x -0x 0x -0x 0x 0.85x
Capitalization / Revenue - 1,865x 687x 7.04x 2.63x 3.75x 2.61x 2.48x
EV / Revenue - 1,536x 717x 7.61x 2.52x 3.91x 2.42x 2x
EV / EBITDA -60.9x -32.9x -60x 20.2x 5.63x 8.2x 4.01x 3.33x
EV / EBIT -56.8x -30.9x -56.4x 28x 15.1x 13.2x 5x 4.95x
EV / FCF -11.4x -4.77x -5.72x -28.4x -24.1x 15.6x 4.98x 5.54x
FCF Yield -8.76% -21% -17.5% -3.52% -4.15% 6.41% 20.1% 18%
Dividend per Share 2 - - - - - - 0.0367 0.07
Rate of return - - - - - - 2.15% 4.11%
EPS 2 -0.0146 -0.018 -0.0228 0.0631 -0.035 0.0919 0.1904 0.2087
Distribution rate - - - - - - 19.3% 33.5%
Net sales 1 - 0.354 2.089 298.4 505.8 677.6 973.2 1,024
EBITDA 1 -11.88 -16.52 -24.94 112.3 226.5 323 588.2 614.5
EBIT 1 -12.72 -17.6 -26.52 81.16 84.37 201.3 471.4 413.2
Net income 1 -12.24 -17.77 -24.79 75.42 -45.89 139.7 283.2 310.4
Net Debt 1 -92.97 -116.5 61.57 168.2 -53.14 112.1 -178.8 -491.8
Reference price 2 0.950 0.640 1.270 1.785 0.900 1.705 1.705 1.705
Nbr of stocks (in thousands) 858,787 1,031,432 1,130,180 1,177,342 1,476,000 1,488,450 - -
Announcement Date 9/22/21 9/28/22 9/20/23 9/1/24 8/27/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.56x3.91x8.2x-.--% 1.82B
11.82x4.1x6.25x0.88% 125B
15.14x6.14x8.52x0.77% 110B
11.37x3.14x4.42x1.81% 72.74B
28.61x17.4x20.34x0.51% 69.33B
10.35x3.82x4.96x3.69% 55.19B
11.08x4.04x5.76x0.4% 41.94B
19.97x4.52x8.58x2.1% 24.43B
21.71x10.6x13.01x0.72% 22.75B
16.9x6.76x9.07x0.23% 20.77B
Average 16.55x 6.44x 8.91x 1.11% 54.42B
Weighted average by Cap. 15.36x 6.44x 8.59x 1.2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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