DRD Relative Valuation - DRDGOLD Ltd - Alpha Spread

DRDGOLD Ltd
NYSE:DRD

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DRDGOLD Ltd
NYSE:DRD
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Price: 9.57 USD 5.98% Market Closed
Market Cap: 824.5m USD
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Relative Value

The Relative Value of one DRD stock under the Base Case scenario is 7.93 USD. Compared to the current market price of 9.57 USD, DRDGOLD Ltd is Overvalued by 17%.

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.

DRD Relative Value
Base Case
7.93 USD
Overvaluation 17%
Relative Value
Price
Worst Case
Base Case
Best Case

Valuation Multiples

vs History
52
vs Industry
45
Median 3Y
2.2
Median 5Y
2.2
Industry
1.7
Forward
1.9
vs History
55
vs Industry
19
Median 3Y
9.9
Median 5Y
10.4
Industry
15.4
Forward
9.9
vs History
65
vs Industry
17
Median 3Y
7.5
Median 5Y
8.2
Industry
8.8
vs History
vs Industry
Median 3Y
10.3
Median 5Y
10.5
Industry
14.4
vs History
74
vs Industry
24
Median 3Y
2.1
Median 5Y
2.2
Industry
1.4
vs History
30
vs Industry
46
Median 3Y
1.9
Median 5Y
1.9
Industry
2.1
Forward
1.8
vs History
44
vs Industry
34
Median 3Y
6.7
Median 5Y
6.9
Industry
7
vs History
44
vs Industry
17
Median 3Y
7.4
Median 5Y
7.8
Industry
9.9
Forward
7.1
vs History
44
vs Industry
19
Median 3Y
7.4
Median 5Y
7.8
Industry
12.7
vs History
44
vs Industry
20
Median 3Y
6.6
Median 5Y
6.7
Industry
10.1
vs History
vs Industry
Median 3Y
7.8
Median 5Y
8.3
Industry
12.9
vs History
77
vs Industry
25
Median 3Y
2.1
Median 5Y
2.2
Industry
1.2

Multiples Across Competitors

DRD Competitors Multiples
DRDGOLD 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
DRDGOLD Ltd
NYSE:DRD
824.5m USD 2.3 10.9 8.6 8.6
RU
Polyus PJSC
LSE:PLZL
70.4T USD 13 517.1 42 068 23 207.7 26 632.4
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
108B Zac 0 0 0 0
US
Newmont Corporation
NYSE:NEM
61.6B USD 4.1 -31.2 15.2 32.9
CN
Zijin Mining Group Co Ltd
SSE:601899
409.3B CNY 1.4 15.8 13.4 13.4
CA
Agnico Eagle Mines Ltd
NYSE:AEM
40.9B USD 5.6 66.3 11 18.8
CA
Barrick Gold Corp
TSX:ABX
48.1B CAD 3 23.5 6.9 11.2
CA
Wheaton Precious Metals Corp
NYSE:WPM
28.2B USD 24.9 49.4 33.1 46.2
CA
Franco-Nevada Corp
NYSE:FNV
24.3B USD 21.5 -41.6 24.2 32.8
RU
Polyus PAO
MOEX:PLZL
1.8T RUB 3.8 11.8 5.4 6.3
AU
Newcrest Mining Ltd
ASX:NCM
20.8B AUD 3.1 18.2 7.5 13.3

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