Ramelius Resources Ltd
ASX:RMS

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Ramelius Resources Ltd
ASX:RMS
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Price: 2.58 AUD 2.79% Market Closed
Market Cap: 3B AUD

Relative Value

The Relative Value of one RMS stock under the Base Case scenario is 2.46 AUD. Compared to the current market price of 2.58 AUD, Ramelius Resources Ltd is Overvalued by 5%.

Relative Value is the estimated value of a stock based on various valuation multiples like P/E and EV/EBIT ratios. It offers a quick snapshot of a stock's valuation in relation to its peers and historical norms.

RMS Relative Value
Base Case
2.46 AUD
Overvaluation 5%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
20
vs Industry
47
Median 3Y
2.3
Median 5Y
2.2
Industry
1.8
Forward
2.7
vs History
74
vs Industry
24
Median 3Y
11.7
Median 5Y
11.3
Industry
15.7
Forward
7.4
vs History
66
vs Industry
28
Median 3Y
5.3
Median 5Y
5.1
Industry
9.6
vs History
66
vs Industry
22
Median 3Y
7.7
Median 5Y
8.4
Industry
16.1
vs History
36
vs Industry
38
Median 3Y
1.6
Median 5Y
1.8
Industry
1.5
vs History
20
vs Industry
51
Median 3Y
1.9
Median 5Y
1.9
Industry
2.1
Forward
2.3
vs History
76
vs Industry
51
Median 3Y
6.9
Median 5Y
6.9
Industry
7.1
vs History
77
vs Industry
26
Median 3Y
8.1
Median 5Y
7.8
Industry
10.2
Forward
3.5
vs History
77
vs Industry
26
Median 3Y
8.1
Median 5Y
7.8
Industry
13.2
Forward
4.8
vs History
68
vs Industry
31
Median 3Y
4.4
Median 5Y
4.4
Industry
11
vs History
92
vs Industry
22
Median 3Y
16.8
Median 5Y
15.1
Industry
14.5
vs History
33
vs Industry
36
Median 3Y
1.4
Median 5Y
1.7
Industry
1.3

Multiples Across Competitors

RMS Competitors Multiples
Ramelius Resources Ltd Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Ramelius Resources Ltd
ASX:RMS
3B AUD 2.9 8.6 5.6 5.6
RU
Polyus PJSC
LSE:PLZL
70.4T USD 12 116 37 707.4 20 802.1 23 871.7
ZA
Gold Fields Ltd
JSE:GFI
374.8B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
186.2B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
469.1B CNY 1.5 13 11.1 11.1
US
Newmont Corporation
NYSE:NEM
60.8B USD 3.3 18.2 7.7 11.1
CA
Agnico Eagle Mines Ltd
TSX:AEM
82.5B CAD 7.2 31.4 12.8 19
CA
Wheaton Precious Metals Corp
TSX:WPM
51.3B CAD 28.8 70 37.1 49.7
CA
Franco-Nevada Corp
TSX:FNV
45.6B CAD 29.5 59.6 33.3 43.8
CA
Barrick Gold Corp
TSX:ABX
45.6B CAD 2.5 15.4 5.4 7.7
ZA
DRDGOLD Ltd
JSE:DRD
25B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
AU
Ramelius Resources Ltd
ASX:RMS
Average P/S: 1 524
2.9
-6%
N/A
RU
P
Polyus PJSC
LSE:PLZL
12 116
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
15%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
7%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.5
N/A N/A
US
Newmont Corporation
NYSE:NEM
3.3
0%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
7.2
5%
1.4
CA
Wheaton Precious Metals Corp
TSX:WPM
28.8
10%
2.9
CA
Franco-Nevada Corp
TSX:FNV
29.5
N/A N/A
CA
Barrick Gold Corp
TSX:ABX
2.5
6%
0.4
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
11%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Ramelius Resources Ltd
ASX:RMS
Average EV/EBITDA: 2 614.4
5.6
14%
0.4
RU
P
Polyus PJSC
LSE:PLZL
20 802.1
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
18%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
19%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.1
26%
0.4
US
Newmont Corporation
NYSE:NEM
7.7
4%
1.9
CA
Agnico Eagle Mines Ltd
TSX:AEM
12.8
4%
3.2
CA
Wheaton Precious Metals Corp
TSX:WPM
37.1
14%
2.6
CA
Franco-Nevada Corp
TSX:FNV
33.3
15%
2.2
CA
Barrick Gold Corp
TSX:ABX
5.4
11%
0.5
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
34%
N/A
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Ramelius Resources Ltd
ASX:RMS
Average EV/EBIT: 3 002.5
5.6
-7%
N/A
RU
P
Polyus PJSC
LSE:PLZL
23 871.7
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
15%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
16%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
11.1
N/A N/A
US
Newmont Corporation
NYSE:NEM
11.1
4%
2.8
CA
Agnico Eagle Mines Ltd
TSX:AEM
19
7%
2.7
CA
Wheaton Precious Metals Corp
TSX:WPM
49.7
9%
5.5
CA
Franco-Nevada Corp
TSX:FNV
43.8
14%
3.1
CA
Barrick Gold Corp
TSX:ABX
7.7
8%
1
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
38%
N/A