Company Valuation: Greencastle Resources Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 5.241 4.457 2.519 1.629 1.267 1.39
Change - -14.95% -43.48% -35.32% -22.22% 9.67%
Enterprise Value (EV) 1 -2.271 -6.938 -5.037 -2.217 -0.8763 0.049
Change - -205.46% 27.41% 55.98% 60.48% 105.59%
P/E 1.79x 1.28x -0.72x -0.48x -0.66x -1.12x
PBR 0.69x 0.39x 0.3x 0.37x 0.47x 0.81x
PEG - 0.1x 0x -0.15x 0x 0x
Capitalization / Revenue 1.62x 1.16x -0.83x -0.58x -0.99x -4.11x
EV / Revenue -0.7x -1.8x 1.66x 0.78x 0.69x -0.14x
EV / EBITDA -0.73x -1.89x 1.43x - - -
EV / EBIT -0.74x -1.91x 1.42x 0.67x 0.5x -0.06x
EV / FCF -1.17x -2.65x 2.29x 0.91x 0.72x -0.21x
FCF Yield -85.8% -37.7% 43.8% 110% 138% -472%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.0756 0.09 -0.09 -0.093 -0.0532 -0.0313
Distribution rate - - - - - -
Net sales 1 3.228 3.849 -3.034 -2.828 -1.279 -0.3382
EBITDA 1 3.099 3.673 -3.524 - - -
EBIT 1 3.065 3.639 -3.541 -3.323 -1.752 -0.8053
Net income 1 2.965 3.589 -3.431 -3.366 -1.927 -1.143
Net Debt 1 -7.512 -11.4 -7.556 -3.847 -2.144 -1.341
Reference price 2 0.1350 0.1150 0.0650 0.0450 0.0350 0.0350
Nbr of stocks (in thousands) 38,823 38,759 38,759 36,211 36,211 39,711
Announcement Date 4/30/21 4/28/22 4/26/23 4/24/24 4/25/25 4/22/26
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 821K
11.19x2.18x5.26x2.93% 141B
11.47x3.17x5.83x4.04% 91.56B
8.04x2.7x4.6x2.93% 75.15B
12.72x3.58x5.21x2.22% 54.96B
7.86x2.61x4.1x1.82% 54.89B
9.2x1.35x4.66x2.16% 52.97B
9.96x2.46x4.72x2.68% 50.5B
11.76x3.22x4.78x6.59% 41.12B
6.08x1.59x3.7x5.19% 33.14B
Average 9.81x 2.54x 4.76x 3.39% 59.52B
Weighted average by Cap. 10.14x 2.55x 4.93x 3.22%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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