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Northern Star Resources Ltd
ASX:NST

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Northern Star Resources Ltd
ASX:NST
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Price: 23.615 AUD -0.94% Market Closed
Market Cap: AU$33.8B

EV/EBIT

14.2
Current
28%
Cheaper
vs 3-y average of 19.7

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
14.2
=
Enterprise Value
AU$44.2B
/
EBIT
AU$2.4B

Enterprise Value to EBIT (EV/EBIT) ratio compares a company`s total enterprise value to its earnings before interest and taxes. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.

EV/EBIT
14.2
=
Enterprise Value
AU$44.2B
/
EBIT
AU$2.4B

Valuation Scenarios

Northern Star Resources Ltd is trading below its 3-year average

If EV/EBIT returns to its 3-Year Average (19.7), the stock would be worth AU$32.84 (39% upside from current price).

Statistics
Positive Scenarios
3/4
Maximum Downside
-12%
Maximum Upside
+51%
Average Upside
24%
Scenario EV/EBIT Value Implied Price Upside/Downside
Current Multiple 14.2 AU$23.62
0%
3-Year Average 19.7 AU$32.84
+39%
5-Year Average 21.4 AU$35.73
+51%
Industry Average 12.5 AU$20.88
-12%
Country Average 16.8 AU$27.99
+19%

Forward EV/EBIT
Today’s price vs future ebit

Today's Enterprise Value EBIT Forward EV/EBIT
AU$44.2B
/
Jan 2026
AU$2.4B
=
14.2
Current
AU$44.2B
/
Jun 2026
AU$2.7B
=
16.5
Forward
AU$44.2B
/
Jun 2027
AU$4.6B
=
9.6
Forward
AU$44.2B
/
Jun 2028
AU$5.2B
=
8.6
Forward

Forward EV/EBIT shows whether today’s EV/EBIT still looks high or low once future ebit are taken into account.

Peer Comparison

All Multiples
EV/EBIT
P/E
All Countries
Close
Market Cap EV/EBIT P/E
AU
Northern Star Resources Ltd
ASX:NST
34.1B AUD 14.2 21.8
RU
Polyus PJSC
LSE:PLZL
70.4T USD 22 132.2 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
716.8B ZAR 8.9 12.3
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
187.3B ZAR 7 11.5
CN
Zijin Mining Group Co Ltd
SSE:601899
925.9B CNY 13.1 18.1
US
Newmont Corporation
NYSE:NEM
125.1B USD 10.8 17.2
CA
Agnico Eagle Mines Ltd
TSX:AEM
147.8B CAD 16.3 23.6
CA
Barrick Gold Corp
TSX:ABX
98.3B CAD 8.5 14.1
CA
Barrick Mining Corp
F:ABR0
60.6B EUR 8.5 14.2
CA
Wheaton Precious Metals Corp
TSX:WPM
92.5B CAD 40.8 44.6
HK
Zijin Gold International Co Ltd
HKEX:2259
475.1B HKD 21.1 37.9

Market Distribution

In line with most companies in Australia
Percentile
42nd
Based on 1 236 companies
42nd percentile
14.2
Low
0 — 10.7
Typical Range
10.7 — 24.5
High
24.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 10.7
Median 16.8
70th Percentile 24.5
Max 6 797.5

Northern Star Resources Ltd
Glance View

Northern Star Resources Ltd., a prominent player in the gold mining industry, embarked on its journey from humble beginnings in 2003, evolving into one of Australia's largest gold producers. The company's strategic vision and adept management have facilitated its growth through a combination of organic expansion and well-calculated acquisitions, such as the highly significant purchase of the Jundee and Kalgoorlie operations. This approach allowed Northern Star to bolster its production capabilities and resource base, positioning itself as a leader in the gold mining sector. The backbone of its operations lies in extracting gold from its carefully managed and environmentally conscious mining projects spread across prolific mining regions in Australia and North America. At the heart of Northern Star's business model is its commitment to efficient and sustainable gold production. The company harnesses advanced mining technologies and methodologies, which optimize ore recovery and ensure cost-effective operations. By strategically reinvesting profits into exploration and development, Northern Star continually rejuvenates its resource pipeline, securing its future production potential. In addition to mining, the company benefits from vertical integration through its ownership of processing facilities, allowing it to refine and sell high-purity gold products directly to the market. This end-to-end production capability not only enhances Northern Star's margins but also strengthens its resilience against market volatility, anchoring its reputation as a robust and forward-thinking enterprise in the global mining industry.

NST Intrinsic Value
24.638 AUD
Undervaluation 4%
Intrinsic Value
Price AU$23.615
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