Company Valuation: Rand Mining Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 82.47 74.79 68.82 85.88 102.9 133.7
Change - -9.31% -7.98% 24.79% 19.87% 29.83%
Enterprise Value (EV) 1 81.95 72.85 66.67 82.71 99.37 132.6
Change - -11.1% -8.48% 24.06% 20.14% 33.4%
P/E 5.68x 7.02x 8.37x 12.9x 7.84x 5.6x
PBR 0.91x 0.79x 0.7x 0.87x 0.97x 1.08x
PEG - -0.3x -0.4x -0.7x 0.1x 0.1x
Capitalization / Revenue 1.91x 2.33x 2.28x 2.47x 2.38x 2.58x
EV / Revenue 1.89x 2.27x 2.21x 2.38x 2.3x 2.56x
EV / EBITDA 2.94x 3.71x 3.81x 4.53x 3.74x 3.84x
EV / EBIT 3.68x 4.72x 5.54x 8.41x 5.27x 3.91x
EV / FCF 15x 12.7x 11.9x 11.2x 18.7x -187x
FCF Yield 6.67% 7.9% 8.43% 8.9% 5.35% -0.53%
Dividend per Share 2 0.1 0.1 0.1 0.1 0.1 -
Rate of return 6.9% 7.6% 8.26% 6.62% 5.52% -
EPS 2 0.2551 0.1874 0.1446 0.1171 0.2309 0.4195
Distribution rate 39.2% 53.4% 69.2% 85.4% 43.3% -
Net sales 1 43.25 32.06 30.15 34.76 43.28 51.77
EBITDA 1 27.83 19.62 17.51 18.24 26.57 34.48
EBIT 1 22.26 15.44 12.04 9.84 18.84 33.89
Net income 1 15.2 10.66 8.221 6.662 13.13 23.86
Net Debt 1 -0.524 -1.945 -2.148 -3.169 -3.572 -1.098
Reference price 2 1.450 1.315 1.210 1.510 1.810 2.350
Nbr of stocks (in thousands) 56,876 56,876 56,876 56,876 56,876 56,876
Announcement Date 9/17/21 9/20/22 9/13/23 9/15/24 9/12/25 9/24/26
1AUD in Million2AUD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 87.23M
11.43x4.13x6.46x0.99% 111B
9.46x1.65x5.47x3.54% 106B
14x5.27x7.44x0.98% 83.61B
10.66x2.77x4.28x2.38% 60.91B
25.42x14.97x17.92x0.67% 52.87B
28.99x17.54x18.9x0.78% 43.46B
13.21x4.24x6.1x2.32% 40.77B
9.91x3.14x4.7x4.59% 40.36B
7.23x2.54x3.75x5.8% 29.47B
Average 14.48x 6.25x 8.34x 2.45% 56.87B
Weighted average by Cap. 13.80x 5.58x 7.91x 2.17%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Rand Mining Limited

Historical PBR trend

Valuation ratios - PBR - Rand Mining Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Rand Mining Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Rand Mining Limited

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