Company Valuation: Randgold & Exploration Company Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 68.01 71.59 71.59 37.94 55.12 50.83
Change - 5.26% 0% -47% 45.28% -7.79%
Enterprise Value (EV) 1 -56.22 -44.02 -26.82 -36.73 -6.72 0.5825
Change - 21.7% 39.06% -36.96% 81.71% 108.67%
P/E -3.8x -7.88x -4.33x -1.66x -4.56x -4.55x
PBR 0.6x 0.69x 0.82x 0.59x 1.05x 1.25x
PEG - 0.2x -0.1x -0x 0.1x 0.6x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA 2.36x 2.46x 1.15x 1.2x 0.34x -0.03x
EV / EBIT 2.36x 2.45x 1.15x 1.2x 0.34x -0.03x
EV / FCF 3.61x 4.34x 1.81x 1.87x 0.54x -0.05x
FCF Yield 27.7% 23% 55.3% 53.5% 186% -1,824%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.2501 -0.1269 -0.2311 -0.32 -0.1688 -0.156
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA 1 -23.8 -17.93 -23.4 -30.68 -19.5 -17.15
EBIT 1 -23.82 -17.94 -23.42 -30.71 -19.53 -17.17
Net income 1 -17.91 -9.081 -16.54 -22.91 -12.08 -11.16
Net Debt 1 -124.2 -115.6 -98.41 -74.68 -61.84 -50.24
Reference price 2 0.950 1.000 1.000 0.530 0.770 0.710
Nbr of stocks (in thousands) 71,585 71,585 71,585 71,585 71,585 71,585
Announcement Date 3/31/21 3/29/22 3/30/23 3/28/24 3/28/25 3/28/26
1ZAR in Million2ZAR
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 16.9M
9.61x3.41x5.34x1.13% 96.43B
11.26x4.4x6.07x1.17% 73.22B
10.08x2.72x3.86x2.33% 61.66B
23.26x13.45x16.1x0.7% 49.82B
9.08x3.03x4.44x5.14% 39.93B
8.16x2.65x4.13x0.64% 28.14B
17.2x3.87x7.19x2.53% 20.12B
18.04x8.7x10.54x0.98% 16.65B
11.04x2.78x4.49x - 15.42B
Average 13.08x 5.00x 6.91x 1.83% 40.14B
Weighted average by Cap. 12.31x 4.86x 6.69x 1.72%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Randgold & Exploration Company Limited