Company Valuation: DRDGOLD Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 929.5 503.6 914.1 741.8 1,150 2,235 - -
Change - -45.82% 81.49% -18.85% 54.99% 94.44% - -
Enterprise Value (EV) 1 929.5 503.6 914.1 741.8 1,077 1,678 1,951 1,706
Change - -45.82% 81.49% -18.85% 45.16% 55.8% -7.14% -12.57%
P/E - - - - - - - -
PBR - - - - - - - -
PEG - - - - - - - -
Capitalization / Revenue 2.65x 1.78x 3.12x 2.12x 2.58x 2.69x 3.13x 2.73x
EV / Revenue 2.65x 1.78x 3.12x 2.12x 2.41x 2.44x 2.73x 2.08x
EV / EBITDA - - - - 5.63x 4.39x 5.26x 3.92x
EV / EBIT - - - - 6.52x 4.23x 5.03x 3.98x
EV / FCF - - - - 15.2x 12.7x 11.5x 5.39x
FCF Yield - - - - 6.6% 7.86% 8.71% 18.6%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 - - - - - - - -
Distribution rate - - - - - - - -
Net sales 1 351 283.5 292.7 349.1 446.1 686.2 715.1 819.5
EBITDA 1 - - - - 191.2 382.1 370.9 435.6
EBIT 1 - - - - 165.2 396.8 387.6 428.6
Net income - - - - - - - -
Net Debt 1 - - - - -72.88 -170 -284.3 -529.6
Reference price 2 10.87 5.87 10.62 8.61 13.33 25.77 25.77 25.77
Nbr of stocks (in thousands) 85,511 85,798 86,069 86,150 86,244 86,740 - -
Announcement Date 8/25/21 9/26/22 8/23/23 8/21/24 8/20/25 8/18/26 - -
1USD in Million2
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
12.63x4.64x7.23x0.85% 129B
15.96x6.24x8.72x0.81% 101B
12.43x3.14x4.78x2.08% 70.78B
30.94x18.64x21.84x0.52% 68.38B
12.47x4.11x6.02x3.71% 52.72B
9.78x3.3x5x0.54% 33.24B
17.28x3.65x7.6x2.27% 22.48B
21.27x11.13x13.66x0.77% 21.15B
14.53x3.94x7.63x - 20.31B
Average 16.37x 6.53x 9.16x 1.44% 57.69B
Weighted average by Cap. 16.09x 6.65x 9.14x 1.31%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


-40%: Exceptional extension
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