Company Valuation: Northern Star Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,969 13,895 14,929 26,483 26,983 34,192 - -
Change - 74.35% 7.44% 77.4% 1.89% 26.72% - -
Enterprise Value (EV) 1 7,910 13,533 14,994 26,055 27,360 35,578 34,444 33,573
Change - 71.09% 10.79% 73.77% 5.01% 30.04% -3.19% -2.53%
P/E 18.6x 24x 23.6x 16.6x 16.4x 18.8x 11.6x 9.92x
PBR 0.97x 1.64x 1.7x 1.78x 1.72x 2.05x 1.83x 1.62x
PEG - 0.7x 2.47x 0x 4.46x 1.8x 0.2x 0.6x
Capitalization / Revenue 2.13x 3.36x 3.03x 4.13x 3.54x 3.9x 3.13x 2.92x
EV / Revenue 2.12x 3.28x 3.05x 4.06x 3.59x 4.06x 3.15x 2.87x
EV / EBITDA 5.21x 8.8x 6.84x 7.44x 6.41x 8.41x 5.57x 4.97x
EV / EBIT 11.9x 28.3x 14.1x 12.2x 10.2x 13.5x 8.08x 7.24x
EV / FCF 11x 43.8x 26.3x 18.3x 43.6x 32.2x 13.5x 9.8x
FCF Yield 9.08% 2.28% 3.8% 5.46% 2.29% 3.11% 7.42% 10.2%
Dividend per Share 2 0.215 0.265 0.4 0.55 0.55 0.4936 0.7435 0.8288
Rate of return 3.14% 2.19% 3.08% 2.96% 2.9% 2.05% 3.1% 3.45%
EPS 2 0.368 0.503 0.551 1.116 1.157 1.279 2.071 2.422
Distribution rate 58.4% 52.7% 72.6% 49.3% 47.5% 38.6% 35.9% 34.2%
Net sales 1 3,735 4,131 4,921 6,415 7,623 8,773 10,920 11,707
EBITDA 1 1,517 1,537 2,192 3,502 4,271 4,230 6,180 6,759
EBIT 1 662.5 478 1,060 2,136 2,675 2,642 4,265 4,640
Net income 1 429.8 585 638.5 1,340 1,664 1,875 2,984 3,406
Net Debt 1 -59.6 -362 64.9 -428.5 377.2 1,386 251.5 -619.5
Reference price 2 6.84 12.08 13.00 18.55 18.95 24.02 24.02 24.02
Nbr of stocks (in thousands) 1,165,126 1,150,246 1,148,366 1,427,678 1,423,898 1,423,487 - -
Announcement Date 8/28/22 8/23/23 8/21/24 8/20/25 8/19/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
11.6x4.3x6.73x0.91% 120B
9.78x1.76x5.77x3.47% 115B
14.44x5.61x7.85x0.9% 91.44B
11.54x2.91x4.47x2.24% 65.81B
27.59x16.53x19.32x0.59% 60.39B
15x5.04x7.11x1.8% 48.37B
11.38x3.76x5.51x4.02% 48.08B
29.02x17.24x18.62x0.75% 45.43B
7.77x2.76x4.06x5.54% 32.01B
Average 15.35x 6.66x 8.83x 2.25% 69.64B
Weighted average by Cap. 14.53x 5.93x 8.35x 2.02%

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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  5. Valuation Northern Star Resources Limited