TGA Relative Valuation - Thungela Resources Ltd - Alpha Spread

Thungela Resources Ltd
LSE:TGA

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Thungela Resources Ltd
LSE:TGA
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Price: 457.2 GBX 1.42% Market Closed
Market Cap: 625.9m GBX
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Relative Value

The Relative Value of one TGA stock under the Base Case scenario is 683.09 GBX. Compared to the current market price of 457.2 GBX, Thungela Resources Ltd is Undervalued by 33%.

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.

TGA Relative Value
Base Case
683.09 GBX
Undervaluation 33%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
73
vs Industry
70
Median 3Y
0.5
Median 5Y
0.5
Industry
1.3
Forward
0
vs History
7
vs Industry
44
Median 3Y
1.9
Median 5Y
1.9
Industry
9.3
Forward
0
vs History
14
vs Industry
47
Median 3Y
1.6
Median 5Y
1.6
Industry
4.6
vs History
7
vs Industry
38
Median 3Y
2
Median 5Y
1.9
Industry
10.9
vs History
78
vs Industry
61
Median 3Y
0.8
Median 5Y
0.8
Industry
1.2
vs History
vs Industry
Median 3Y
-34.8
Median 5Y
-34.8
Industry
1.7
Forward
-0.2
vs History
vs Industry
Median 3Y
-35.6
Median 5Y
-35.7
Industry
4.3
vs History
vs Industry
Median 3Y
-116.4
Median 5Y
-116.5
Industry
5.7
Forward
-1.2
vs History
vs Industry
Median 3Y
-125.5
Median 5Y
-125.5
Industry
8.1
Forward
-1.8
vs History
vs Industry
Median 3Y
-128.8
Median 5Y
-128.8
Industry
6.1
vs History
vs Industry
Median 3Y
-207.1
Median 5Y
-207.3
Industry
10.7
vs History
vs Industry
Median 3Y
-41
Median 5Y
-40.8
Industry
1

Multiples Across Competitors

TGA Competitors Multiples
Thungela 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
ZA
Thungela Resources Ltd
LSE:TGA
616.4m GBP 0.4 4.2 -129.4 -193.9
CN
China Shenhua Energy Co Ltd
SSE:601088
818.2B CNY 2.4 14.6 8.2 8.2
ZA
Exxaro Resources Ltd
JSE:EXX
38.7B Zac 0 0 0 0
IN
Coal India Ltd
NSE:COALINDIA
3.1T INR 2.2 7.7 5.5 6.3
ID
Bayan Resources Tbk PT
IDX:BYAN
549.2T IDR 11.8 40.6 30.9 30.9
CN
Shaanxi Coal Industry Co Ltd
SSE:601225
245.8B CNY 1.5 12.2 5.4 5.4
CN
China Coal Energy Co Ltd
SSE:601898
145.4B CNY 0.8 8.3 4.8 4.8
CA
Cameco Corp
NYSE:CCJ
20.4B USD 10.3 106.3 48 73.9
ID
Dian Swastatika Sentosa Tbk PT
IDX:DSSA
253.2T IDR 4.1 47.5 18.4 18.4
CN
Yankuang Energy Group Co Ltd
SSE:600188
108.5B CNY 0.8 6.2 5.4 5.4
AU
Washington H Soul Pattinson and Company Ltd
ASX:SOL
12.2B AUD 26.8 22.5 -169.4 -169.4

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