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Ramelius Resources Ltd
ASX:RMS

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Ramelius Resources Ltd
ASX:RMS
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Price: 3.72 AUD -3.63% Market Closed
Market Cap: AU$7.1B

EV/S

5.5
Current
137%
More Expensive
vs 3-y average of 2.3

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

EV/S
5.5
=
Enterprise Value
AU$6.7B
/
Revenue
AU$1.2B

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

EV/S
5.5
=
Enterprise Value
AU$6.7B
/
Revenue
AU$1.2B

Valuation Scenarios

Ramelius Resources Ltd is trading above its 3-year average

If EV/S returns to its 3-Year Average (2.3), the stock would be worth AU$1.57 (58% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-66%
Maximum Upside
+123%
Average Downside
5%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 5.5 AU$3.72
0%
3-Year Average 2.3 AU$1.57
-58%
5-Year Average 1.9 AU$1.28
-66%
Industry Average 12.2 AU$8.3
+123%
Country Average 4.3 AU$2.94
-21%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
AU$6.7B
/
Jan 2026
AU$1.2B
=
5.5
Current
AU$6.7B
/
Jun 2026
AU$1.1B
=
6
Forward
AU$6.7B
/
Jun 2027
AU$1.5B
=
4.4
Forward
AU$6.7B
/
Jun 2028
AU$2.1B
=
3.2
Forward
AU$6.7B
/
Jun 2029
AU$3.1B
=
2.2
Forward
AU$6.7B
/
Jun 2030
AU$3.5B
=
1.9
Forward
AU$6.7B
/
Jun 2031
AU$1.7B
=
4
Forward
AU$6.7B
/
Jun 2032
AU$1.6B
=
4.1
Forward
AU$6.7B
/
Jun 2033
AU$1.7B
=
4
Forward

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

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
AU
Ramelius Resources Ltd
ASX:RMS
7.2B AUD 5.5 23.9
RU
Polyus PJSC
LSE:PLZL
70.4T USD 11 233 34 959.7
ZA
Gold Fields Ltd
JSE:GFI
653.6B ZAR 4.7 11.2
ZA
Harmony Gold Mining Company Ltd
JSE:HAR
171.1B ZAR 2 10.5
CN
Zijin Mining Group Co Ltd
SSE:601899
914.7B CNY 2.7 14.8
US
Newmont Corporation
NYSE:NEM
131.4B USD 5.6 18.6
CA
Agnico Eagle Mines Ltd
TSX:AEM
136.2B CAD 8.2 22.4
CA
Barrick Gold Corp
TSX:ABX
92.2B CAD 3.9 13.8
CA
Barrick Mining Corp
F:ABR0
57.1B EUR 4 13.8
CA
Wheaton Precious Metals Corp
TSX:WPM
88.1B CAD 26.6 42.5
HK
Zijin Gold International Co Ltd
HKEX:2259
428.5B HKD 9.6 34.2

Market Distribution

In line with most companies in Australia
Percentile
55th
Based on 1 982 companies
55th percentile
5.5
Low
0 — 1.9
Typical Range
1.9 — 14.5
High
14.5 —
Distribution Statistics
Australia
Min 0
30th Percentile 1.9
Median 4.3
70th Percentile 14.5
Max 1 646 389.2

Ramelius Resources Ltd
Glance View

Market Cap
7.1B AUD
Industry
Metals & Mining

Ramelius Resources Ltd., an Australian gold medalist in the mining sector, carves its narrative through the golden soils of Western Australia. Established in 2003, Ramelius discovered its first glittering success with the Wattle Dam Gold Mine, a project that propelled it onto investors' radar by showcasing its knack for identifying and maximizing rich gold deposits. With its headquarters in Perth, the company deftly manages a portfolio of operations centered around the Mount Magnet, Edna May, Vivien, and Marda Gold Mines. Each of these sites serves as a testament to Ramelius's commitment to sustainable growth and profitability through strategic exploration and development. The intricate dance of geology and engineering enables the company to efficiently extract gold, which it then transitions from raw ore to refined gold bars, eventually sold to meet burgeoning demand in the global markets. Integral to Ramelius's financial narrative is its adeptness in project acquisition and expansion, a strategic choice that not only bolsters its resource base but also fortifies its production capacity. By integrating new assets and enhancing existing operations, the company has consistently driven down production costs while simultaneously increasing output. Alongside this operational efficiency, Ramelius places a clear emphasis on maintaining robust financial health, managing risks prudently, and constantly innovating within its technical operations. The end result is a resilient revenue stream, primarily derived from the sale of gold, that repositions the company for sustained growth in the volatile commodity markets, solidifying its place as a formidable player in the mining industry.

RMS Intrinsic Value
4.13 AUD
Undervaluation 10%
Intrinsic Value
Price AU$3.72
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