Polyus PAO
MOEX:PLZL

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Polyus PAO
MOEX:PLZL
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Price: 1 849.8 RUB -2.56% Market Closed
Market Cap: 1.7T RUB

Relative Value

The Relative Value of one PLZL stock under the Base Case scenario is 3 242.74 RUB. Compared to the current market price of 1 849.8 RUB, Polyus PAO is Undervalued by 43%.

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.

PLZL Relative Value
Base Case
3 242.74 RUB
Undervaluation 43%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
96
vs Industry
42
Median 3Y
23.5
Median 5Y
26.4
Industry
1.8
vs History
96
vs Industry
24
Median 3Y
60.3
Median 5Y
66.2
Industry
15.7
vs History
96
vs Industry
23
Median 3Y
43.4
Median 5Y
50
Industry
9.6
vs History
87
vs Industry
23
Median 3Y
20.1
Median 5Y
97.9
Industry
16.1
vs History
95
vs Industry
2
Median 3Y
24.6
Median 5Y
45.8
Industry
1.5
vs History
96
vs Industry
39
Median 3Y
24.3
Median 5Y
26.6
Industry
2.1
vs History
96
vs Industry
42
Median 3Y
34.7
Median 5Y
38.1
Industry
7.1
vs History
96
vs Industry
22
Median 3Y
36.3
Median 5Y
39.7
Industry
10.2
vs History
96
vs Industry
23
Median 3Y
40.4
Median 5Y
43.5
Industry
13.2
vs History
96
vs Industry
23
Median 3Y
44.1
Median 5Y
50.6
Industry
11
vs History
96
vs Industry
15
Median 3Y
82.9
Median 5Y
79.2
Industry
14.5
vs History
96
vs Industry
20
Median 3Y
15.7
Median 5Y
18.3
Industry
1.3

Multiples Across Competitors

PLZL Competitors Multiples
Polyus PAO Competitors

Market Cap P/S P/E EV/EBITDA EV/EBIT
RU
Polyus PAO
MOEX:PLZL
1.7T RUB 2.4 5.6 4.6 5.1
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
363.4B Zac 0 0 0 0
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
177.8B 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
60B USD 3.1 11.8 6.7 9.1
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
24.1B Zac 0 0 0 0
P/S Multiple
Revenue Growth P/S to Growth
RU
Polyus PAO
MOEX:PLZL
Average P/S: 1 523.9
2.4
N/A N/A
RU
P
Polyus PJSC
LSE:PLZL
12 116
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
13%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
11%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
1.5
9%
0.2
US
Newmont Corporation
NYSE:NEM
3.1
0%
N/A
CA
Agnico Eagle Mines Ltd
TSX:AEM
7.2
6%
1.2
CA
Wheaton Precious Metals Corp
TSX:WPM
28.8
15%
1.9
CA
Franco-Nevada Corp
TSX:FNV
29.5
7%
4.2
CA
Barrick Gold Corp
TSX:ABX
2.5
8%
0.3
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
11%
N/A
P/E Multiple
Earnings Growth PEG
RU
Polyus PAO
MOEX:PLZL
Average P/E: 4 739.3
5.6
N/A N/A
RU
P
Polyus PJSC
LSE:PLZL
37 707.4
N/A N/A
ZA
G
Gold Fields Ltd
JSE:GFI
Not Available
24%
N/A
ZA
H
Harmony Gold Mining Company Ltd
JSE:HAR
Not Available
43%
N/A
CN
Zijin Mining Group Co Ltd
SSE:601899
13
17%
0.8
US
Newmont Corporation
NYSE:NEM
11.8
12%
1
CA
Agnico Eagle Mines Ltd
TSX:AEM
31.4
9%
3.5
CA
Wheaton Precious Metals Corp
TSX:WPM
70
20%
3.5
CA
Franco-Nevada Corp
TSX:FNV
59.6
21%
2.8
CA
Barrick Gold Corp
TSX:ABX
15.4
15%
1
ZA
D
DRDGOLD Ltd
JSE:DRD
Not Available
29%
N/A
EV/EBITDA Multiple
EBITDA Growth EV/EBITDA to Growth
RU
Polyus PAO
MOEX:PLZL
Average EV/EBITDA: 2 614.1
4.6
N/A N/A
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
6.7
4%
1.7
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
RU
Polyus PAO
MOEX:PLZL
Average EV/EBIT: 3 002.2
5.1
N/A 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
9.1
4%
2.3
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