Ramelius Resources Ltd
ASX:RMS

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Ramelius Resources Ltd
ASX:RMS
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Price: 4.45 AUD 1.37% Market Closed
Market Cap: 8.6B AUD

Relative Value

The Relative Value of one RMS stock under the Base Case scenario is 5.91 AUD. Compared to the current market price of 4.45 AUD, Ramelius Resources Ltd is Undervalued by 25%.

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
5.91 AUD
Undervaluation 25%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
0
vs Industry
47
Median 3Y
4.6
Median 5Y
4.6
Industry
2.2
Forward
7.9
vs History
57
vs Industry
24
Median 3Y
16.8
Median 5Y
20.3
Industry
19.5
Forward
20.8
vs History
28
vs Industry
28
Median 3Y
9.6
Median 5Y
9.7
Industry
11.5
vs History
47
vs Industry
22
Median 3Y
12.1
Median 5Y
13.7
Industry
18.9
vs History
17
vs Industry
38
Median 3Y
3.1
Median 5Y
3.3
Industry
2.3
vs History
1
vs Industry
51
Median 3Y
4.1
Median 5Y
4.3
Industry
2.6
Forward
7.3
vs History
65
vs Industry
51
Median 3Y
13
Median 5Y
13.4
Industry
8.7
vs History
68
vs Industry
26
Median 3Y
14.7
Median 5Y
15.6
Industry
12.8
Forward
11
vs History
68
vs Industry
26
Median 3Y
14.7
Median 5Y
15.6
Industry
15.4
Forward
17.4
vs History
28
vs Industry
31
Median 3Y
8.8
Median 5Y
8.9
Industry
12.9
vs History
66
vs Industry
22
Median 3Y
12.3
Median 5Y
22
Industry
17.5
vs History
9
vs Industry
36
Median 3Y
3.1
Median 5Y
3.3
Industry
2

Multiples Across Competitors

RMS Competitors Multiples
Ramelius Resources Ltd Competitors

All Multiples
P/S
P/E
EV/EBITDA
EV/EBIT
All Countries
Close
Market Cap P/S P/E EV/EBITDA EV/EBIT
AU
Ramelius Resources Ltd
ASX:RMS
8.6B AUD 7.1 18.1 11.9 11.9
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 486.1 35 747 19 720.5 22 630.6
ZA
Gold Fields Ltd
JSE:GFI
705.8B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
231.4B Zac 0 0 0 0
CN
Zijin Mining Group Co Ltd
SSE:601899
1T CNY 3.1 22.4 18 18
US
Newmont Corporation
NYSE:NEM
123.3B USD 5.7 17.2 10.4 13.2
AU
Greatland Gold PLC
ASX:GGP
158.5B AUD 86.8 234.4 168.9 189.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
135.4B CAD 9.2 28.3 14 18.3
CA
Barrick Gold Corp
TSX:ABX
115B CAD 5.7 23.1 9.9 12.6
CA
Barrick Mining Corp
F:ABR0
71B EUR 5.7 23.1 9.9 12.6
CA
Wheaton Precious Metals Corp
TSX:WPM
81B CAD 31.9 58.3 42.6 54.3
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
AU
Ramelius Resources Ltd
ASX:RMS
Average EV/EBITDA: 2 222.9
11.9
23%
0.5
RU
P
Polyus PJSC
LSE:PLZL
19 720.5
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
34%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
30%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
18
34%
0.5
US
Newmont Corporation
NYSE:NEM
10.4
25%
0.4
AU
G
Greatland Gold PLC
ASX:GGP
168.9
-5%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
14
28%
0.5
CA
Barrick Gold Corp
TSX:ABX
9.9
33%
0.3
CA
Barrick Mining Corp
F:ABR0
9.9
33%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
42.6
32%
1.3
EV/EBIT Multiple
EBIT Growth EV/EBIT to Growth
AU
Ramelius Resources Ltd
ASX:RMS
Average EV/EBIT: 2 551.2
11.9
5%
2.4
RU
P
Polyus PJSC
LSE:PLZL
22 630.6
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
39%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
32%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
18
28%
0.6
US
Newmont Corporation
NYSE:NEM
13.2
29%
0.5
AU
G
Greatland Gold PLC
ASX:GGP
189.5
-3%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
18.3
37%
0.5
CA
Barrick Gold Corp
TSX:ABX
12.6
43%
0.3
CA
Barrick Mining Corp
F:ABR0
12.6
43%
0.3
CA
Wheaton Precious Metals Corp
TSX:WPM
54.3
28%
1.9