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Ramelius Resources Ltd
ASX:RMS

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Ramelius Resources Ltd
ASX:RMS
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Price: 3.395 AUD -5.43%
Market Cap: AU$6.4B

EV/IC

1.6
Current
11%
Cheaper
vs 3-y average of 1.8

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.6
=
Enterprise Value
AU$6.7B
/
Invested Capital
AU$3.8B

Enterprise Value to Invested Capital (EV/IC) ratio compares a company`s total enterprise value to the capital invested in its business. It shows how efficiently the company`s market value reflects the funds used to generate returns.

EV/IC
1.6
=
Enterprise Value
AU$6.7B
/
Invested Capital
AU$3.8B

Valuation Scenarios

Ramelius Resources Ltd is trading below its 3-year average

If EV/IC returns to its 3-Year Average (1.8), the stock would be worth AU$3.82 (13% upside from current price).

Statistics
Positive Scenarios
4/4
Maximum Downside
No Downside Scenarios
Maximum Upside
+51%
Average Upside
20%
Scenario EV/IC Value Implied Price Upside/Downside
Current Multiple 1.6 AU$3.4
0%
3-Year Average 1.8 AU$3.82
+13%
5-Year Average 1.6 AU$3.59
+6%
Industry Average 2.4 AU$5.14
+51%
Country Average 1.7 AU$3.73
+10%

Forward EV/IC
Today’s price vs future invested capital

Not enough data available to calculate forward EV/IC

Peer Comparison

All Multiples
EV/IC
P/E
All Countries
Close
Market Cap EV/IC P/E
AU
Ramelius Resources Ltd
ASX:RMS
6.9B AUD 1.6 21.8
RU
Polyus PJSC
LSE:PLZL
70.4T USD 8 391.6 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
636.8B ZAR 3.2 10.9
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
163.4B ZAR 1.6 10
CN
Zijin Mining Group Co Ltd
SSE:601899
876.1B CNY 2.4 14.7
US
Newmont Corporation
NYSE:NEM
117.2B USD 2.4 16.5
CA
Agnico Eagle Mines Ltd
TSX:AEM
129.4B CAD 2.9 20.6
CA
Barrick Gold Corp
TSX:ABX
89.7B CAD 1.5 12.9
CA
Barrick Mining Corp
F:ABR0
55.9B EUR 1.5 13.1
CA
Wheaton Precious Metals Corp
TSX:WPM
80.4B CAD 6.9 38.1
HK
Zijin Gold International Co Ltd
HKEX:2259
407.3B HKD 5.9 33.7

Market Distribution

In line with most companies in Australia
Percentile
46th
Based on 2 047 companies
46th percentile
1.6
Low
0 — 1.1
Typical Range
1.1 — 3.5
High
3.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.1
Median 1.7
70th Percentile 3.5
Max 3 073.7

Ramelius Resources Ltd
Glance View

Market Cap
6.4B AUD
Industry
Metals & Mining

Ramelius Resources Ltd., an Australian gold medalist in the mining sector, carves its narrative through the golden soils of Western Australia. Established in 2003, Ramelius discovered its first glittering success with the Wattle Dam Gold Mine, a project that propelled it onto investors' radar by showcasing its knack for identifying and maximizing rich gold deposits. With its headquarters in Perth, the company deftly manages a portfolio of operations centered around the Mount Magnet, Edna May, Vivien, and Marda Gold Mines. Each of these sites serves as a testament to Ramelius's commitment to sustainable growth and profitability through strategic exploration and development. The intricate dance of geology and engineering enables the company to efficiently extract gold, which it then transitions from raw ore to refined gold bars, eventually sold to meet burgeoning demand in the global markets. Integral to Ramelius's financial narrative is its adeptness in project acquisition and expansion, a strategic choice that not only bolsters its resource base but also fortifies its production capacity. By integrating new assets and enhancing existing operations, the company has consistently driven down production costs while simultaneously increasing output. Alongside this operational efficiency, Ramelius places a clear emphasis on maintaining robust financial health, managing risks prudently, and constantly innovating within its technical operations. The end result is a resilient revenue stream, primarily derived from the sale of gold, that repositions the company for sustained growth in the volatile commodity markets, solidifying its place as a formidable player in the mining industry.

RMS Intrinsic Value
4.126 AUD
Undervaluation 18%
Intrinsic Value
Price AU$3.395
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