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 (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 8.64M
9.22x3.4x5.11x1.06% 103B
11.07x4.22x5.85x1.08% 76.94B
9.84x2.72x3.97x2.27% 64.08B
23.23x13.2x15.72x0.66% 52.49B
8.99x3.06x4.4x5.52% 42.8B
7.96x2.63x4.03x0.61% 29.47B
17.13x3.82x7.13x2.57% 19.64B
10.36x2.87x4.45x - 17.9B
16.69x8.7x10.39x0.94% 17.32B
Average 12.72x 4.96x 6.78x 1.84% 42.38B
Weighted average by Cap. 11.99x 4.79x 6.52x 1.71%

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