Financials Griffin Mining Limited

Equities

Market Closed - London S.E. Other stock markets 11:35:17 2024-04-26 am EDT			5-day change	1st Jan Change
152 ^GBX	+4.11%		+8.19%	+75.72%

Apr. 24	Griffin Mining Unit to Use 100% Renewable Energy at China Mine	MT
Apr. 24	Griffin Mining inks deal for Caijaying to be powered by green energy	AN

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	188.8	156.5	225	213	158.2	349.4	349.4	-
Enterprise Value (EV) ¹	162.2	139.2	208.9	175.8	124.9	283.2	276	263.8
P/E ratio	8.21 x	-	26.8 x	9.09 x	20.6 x	21 x	21 x	23.7 x
Yield	-	-	-	-	-	-	-	0.37%
Capitalization / Revenue	1.91 x	1.9 x	2.98 x	1.75 x	1.68 x	2.42 x	2.43 x	2.59 x
EV / Revenue	1.64 x	1.69 x	2.77 x	1.45 x	1.32 x	1.96 x	1.92 x	1.96 x
EV / EBITDA	3.53 x	5.24 x	7.48 x	3.29 x	3.74 x	6.09 x	6.74 x	7.55 x
EV / FCF	-	-	-5,647 x	8 x	-23.3 x	14.9 x	16.2 x	20.3 x
FCF Yield	-	-	-0.02%	12.5%	-4.3%	6.71%	6.16%	4.93%
Price to Book	-	-	1.02 x	0.81 x	0.65 x	1.31 x	1.3 x	1.2 x
Nbr of stocks (in thousands)	172,209	172,246	172,286	173,953	173,953	184,530	184,530	-
Reference price ²	1.096	0.9083	1.306	1.224	0.9095	1.893	1.893	1.893
Announcement Date	4/30/19	6/17/20	5/13/21	5/13/22	5/9/23	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	99.07	82.27	75.4	121.6	94.4	144.7	144	134.6
EBITDA ¹	45.88	26.57	27.95	53.46	33.38	46.54	40.98	34.96
EBIT ¹	35.56	14.22	15.15	36.92	15.62	18.04	19.19	13.08
Operating Margin	35.89%	17.29%	20.09%	30.35%	16.55%	12.47%	13.32%	9.72%
Earnings before Tax (EBT) ¹	34.8	-	14.52	36.53	15.27	21	24	19
Net income ¹	25.48	-	8.91	25.38	7.704	16	18	14
Net margin	25.72%	-	11.82%	20.86%	8.16%	11.06%	12.5%	10.4%
EPS ²	0.1335	-	0.0488	0.1347	0.0441	0.0900	0.0900	0.0800
Free Cash Flow ¹	-	-	-0.037	21.99	-5.369	19	17	13
FCF margin	-	-	-0.05%	18.08%	-5.69%	13.13%	11.8%	9.66%
FCF Conversion (EBITDA)	-	-	-	41.13%	-	40.83%	41.49%	37.19%
FCF Conversion (Net income)	-	-	-	86.65%	-	118.75%	94.44%	92.86%
Dividend per Share ²	-	-	-	-	-	-	-	0.007000
Announcement Date	4/30/19	6/17/20	5/13/21	5/13/22	5/9/23	-	-	-

¹USD in Million²USD

Estimates

Fiscal Period: December	2018	2019	2020	2021	2022	2023	2024	2025
Net Debt ¹	-	-	-	-	-	-	-	-
Net Cash position ¹	26.6	17.3	16.1	37.2	33.3	66.1	73.3	85.5
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Free Cash Flow ¹	-	-	-0.04	22	-5.37	19	17	13
ROE (net income / shareholders' equity)	-	-	-	-	-	-	-	-
ROA (Net income/ Total Assets)	-	-	3.24%	8.24%	-	5%	5%	4%
Assets ¹	-	-	274.8	308	-	320	360	350
Book Value Per Share ²	-	-	1.280	1.500	1.400	1.440	1.460	1.580
Cash Flow per Share ²	-	-	0.1300	0.2300	0.0800	0.2500	0.2500	0.2300
Capex ¹	16.3	-	24.4	20.9	21.1	27	30	30
Capex / Sales	16.46%	-	32.41%	17.17%	22.36%	18.66%	20.83%	22.28%
Announcement Date	4/30/19	6/17/20	5/13/21	5/13/22	5/9/23	-	-	-

¹USD in Million²USD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1.893 USD

Average target price

1.753 USD

Spread / Average Target

-7.41%

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