Merafe Resources Ltd
JSE:MRF
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Coinbase Global Inc
NASDAQ:COIN
|
US |
EV/EBITDA
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Enterprise Value to EBITDA (EV/EBITDA) ratio compares a company`s total enterprise value to its earnings before interest, taxes, depreciation, and amortization. It shows how much investors are paying for each dollar of the company`s earnings, including both equity and debt.
Valuation Scenarios
If EV/EBITDA returns to its 3-Year Average (0.9), the stock would be worth Zac54.54 (51% downside from current price).
| Scenario | EV/EBITDA Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.8 | Zac112 |
0%
|
| 3-Year Average | 0.9 | Zac54.54 |
-51%
|
| 5-Year Average | 0.9 | Zac54.54 |
-51%
|
| Industry Average | 13 | Zac810.63 |
+624%
|
| Country Average | 13 | Zac810.63 |
+624%
|
Forward EV/EBITDA
Today’s price vs future ebitda
| Today's Enterprise Value | EBITDA | Forward EV/EBITDA | ||
|---|---|---|---|---|
|
Zac1.2B
|
/ |
Jan 2026
698.2m
|
= |
|
|
Zac1.2B
|
/ |
Dec 2026
766.6m
|
= |
|
|
Zac1.2B
|
/ |
Dec 2027
1.7B
|
= |
|
|
Zac1.2B
|
/ |
Dec 2028
2B
|
= |
|
Forward EV/EBITDA shows whether today’s EV/EBITDA still looks high or low once future ebitda are taken into account.
Peer Comparison
| Market Cap | EV/EBITDA | P/E | ||||
|---|---|---|---|---|---|---|
| ZA |
M
|
Merafe Resources Ltd
JSE:MRF
|
2.8B ZAR | 1.8 | 19.6 | |
| ZA |
K
|
Kumba Iron Ore Ltd
JSE:KIO
|
103.8B ZAR | 3.5 | 7.1 | |
| BR |
|
Vale SA
BOVESPA:VALE3
|
383.1B BRL | 5.3 | 27.5 | |
| LU |
|
ArcelorMittal SA
AEX:MT
|
40.7B EUR | 9.5 | 14.8 | |
| AU |
|
Fortescue Metals Group Ltd
ASX:FMG
|
65.4B AUD | 8.1 | 11.8 | |
| AU |
F
|
Fortescue Ltd
XMUN:FVJ
|
39.5B EUR | 8.2 | 12.2 | |
| US |
|
Nucor Corp
NYSE:NUE
|
44.8B USD | 12.2 | 26.5 | |
| IN |
|
JSW Steel Ltd
NSE:JSWSTEEL
|
3T INR | 13.8 | 40.7 | |
| US |
|
Steel Dynamics Inc
NASDAQ:STLD
|
29.3B USD | 16.8 | 25.8 | |
| IN |
|
Tata Steel Ltd
NSE:TATASTEEL
|
2.6T INR | 10.7 | 28.8 | |
| US |
|
Allegheny Technologies Inc
NYSE:ATI
|
22.4B USD | 27.2 | 54.9 |
Market Distribution
| Min | 1.7 |
| 30th Percentile | 10.7 |
| Median | 13 |
| 70th Percentile | 13 |
| Max | 1 092.3 |
Other Multiples
Merafe Resources Ltd
Glance View
Merafe Resources Ltd., based in South Africa, is a pivotal player in the world of ferrochrome production. The company operates through a joint venture with Glencore, a global mining and commodity trading giant. Known as the Glencore-Merafe Chrome Venture, this partnership harnesses Merafe's local expertise alongside Glencore's international strength. The venture owns a suite of chrome mines and smelters that are strategically located in the mineral-rich Bushveld Complex, which is home to the largest reserves of chrome ore in the world. Merafe's role in the venture focuses on optimizing production efficiencies and maintaining high environmental and operational standards, contributing to a significant portion of the world's ferrochrome, a key ingredient in stainless steel manufacturing. Merafe generates its revenue by selling its share of the ferrochrome production to global markets, with demand driven predominantly by the stainless steel industry. Their operations benefit from economies of scale, and the joint venture business model helps to mitigate risks associated with fluctuating commodity prices and market demand. The income generated from selling ferrochrome is then used to reinvest in the business, ensuring they remain competitive through innovation and sustainability initiatives. This approach not only bolsters their financial performance but also strengthens their position within the global ferrochrome industry.
