看來載入頁面時發生了錯誤.
我們的團隊已收到通知，但若此問題持續，請透過電郵支援widget工具聯絡我們。
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 7.7x - 8.5x | 8.1x |
| Selected Fwd EBITDA Multiple | 67.8x - 74.9x | 71.3x |
| Fair Value | €0.33 - €0.36 | €0.34 |
| Upside | 18.3% - 26.2% | 22.2% |
| Benchmarks | Ticker | Full Ticker |
| TRX Gold Corporation | TRX | TSX:TRX |
| Aris Mining Corporation | ARIS | TSX:ARIS |
| Largo Physical Vanadium Corp. | VAND | TSXV:VAND |
| Avino Silver & Gold Mines Ltd. | ASM | TSX:ASM |
| Cerro de Pasco Resources Inc. | CDPR | TSXV:CDPR |
| Empress Royalty Corp. | 53G | DB:53G |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| TRX | ARIS | VAND | ASM | CDPR | 53G | ||
| TSX:TRX | TSX:ARIS | TSXV:VAND | TSX:ASM | TSXV:CDPR | DB:53G | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | NM- | 1.4% | NM- | NM- | NM- | NM- | |
| 3Y CAGR | NM- | -3.7% | NM- | 246.8% | NM- | NM- | |
| Latest Twelve Months | 19.0% | -0.8% | NM | 477.7% | NM | 2193.9% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 6.8% | 40.6% | 0.0% | -10.7% | -68.1% | -133.3% | |
| Prior Fiscal Year | 40.1% | 34.3% | NA | 7.4% | -110.3% | 5.2% | |
| Latest Fiscal Year | 34.9% | 29.8% | NA | 28.5% | -125.8% | 52.5% | |
| Latest Twelve Months | 30.9% | 29.8% | NA | 28.5% | -141.7% | 52.5% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 2.12x | 2.92x | -68.55x | 4.28x | 6.37x | 2.92x | |
| EV / LTM EBITDA | 6.9x | 9.8x | NA | 15.0x | -4.5x | 5.6x | |
| EV / LTM EBIT | 8.4x | 12.6x | -7.1x | 18.6x | -4.5x | 9.0x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | -4.5x | 8.3x | 15.0x | ||||
| Historical EV / LTM EBITDA | -107.9x | -51.2x | 5.6x | ||||
| Selected EV / LTM EBITDA | 7.7x | 8.1x | 8.5x | ||||
| (x) LTM EBITDA | 4 | 4 | 4 | ||||
| (=) Implied Enterprise Value | 32 | 34 | 36 | ||||
| (-) Non-shareholder Claims * | 16 | 16 | 16 | ||||
| (=) Equity Value | 49 | 50 | 52 | ||||
| (/) Shares Outstanding | 118.6 | 118.6 | 118.6 | ||||
| Implied Value Range | 0.41 | 0.42 | 0.44 | ||||
| FX Rate: USD/EUR | 1.1 | 1.1 | 1.1 | Market Price | |||
| Implied Value Range (Trading Cur) | 0.36 | 0.38 | 0.39 | 0.28 | |||
| Upside / (Downside) | 28.6% | 33.1% | 37.6% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | TRX | ARIS | VAND | ASM | CDPR | 53G | |
| Enterprise Value | 95 | 1,468 | 7 | 283 | 96 | 22 | |
| (+) Cash & Short Term Investments | 7 | 253 | 1 | 27 | 11 | 1 | |
| (+) Investments & Other | 0 | 13 | 0 | 1 | 0 | 20 | |
| (-) Debt | (4) | (521) | 0 | (3) | (3) | (5) | |
| (-) Other Liabilities | (13) | (285) | 0 | 0 | 0 | 0 | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 85 | 928 | 8 | 309 | 103 | 38 | |
| (/) Shares Outstanding | 282.1 | 172.9 | 16.8 | 140.9 | 509.4 | 118.6 | |
| Implied Stock Price | 0.30 | 5.37 | 0.46 | 2.19 | 0.20 | 0.32 | |
| FX Conversion Rate to Trading Currency | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 1.13 | |
| Implied Stock Price (Trading Cur) | 0.42 | 7.41 | 0.63 | 3.03 | 0.28 | 0.28 | |
| Trading Currency | CAD | CAD | CAD | CAD | CAD | EUR | |
| FX Rate to Reporting Currency | 0.72 | 0.72 | 0.72 | 0.72 | 0.72 | 1.13 | |