MERAFE RESOURCES LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1.25 ZAR | -0.79% |
|
-6.72% | -3.85% |
| Apr. 10 | Merafe Resources Limited Announces Board and Committee Changes | CI |
| Mar. 18 | Merafe Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,159 | 1,054 | 2,999 | 3,284 | 3,249 | 3,124 | - | - |
| Enterprise Value (EV) 1 | 1,829 | 1,054 | 2,042 | 2,028 | 3,249 | 3,124 | 3,124 | 3,124 |
| P/E ratio | - | - | - | 2.34 x | - | - | - | - |
| Yield | 4.65% | - | 24.2% | 18.9% | 32.3% | 28% | 28% | 25.6% |
| Capitalization / Revenue | 0.4 x | 0.22 x | 0.37 x | 0.41 x | 0.34 x | 0.37 x | 0.37 x | 0.37 x |
| EV / Revenue | 0.4 x | 0.22 x | 0.37 x | 0.41 x | 0.34 x | 0.37 x | 0.37 x | 0.37 x |
| EV / EBITDA | 5,509,779 x | - | 1,233,091 x | 1,533,909 x | - | - | - | - |
| EV / FCF | 10,038,100 x | 7,134,806 x | - | - | - | - | - | - |
| FCF Yield | 0% | 0% | - | - | - | - | - | - |
| Price to Book | 0.64 x | - | - | - | - | - | - | - |
| Nbr of stocks (in thousands) | 2,510,704 | 2,510,704 | 2,499,127 | 2,487,549 | 2,499,127 | 2,499,127 | - | - |
| Reference price 2 | 0.8600 | 0.4200 | 1.200 | 1.320 | 1.300 | 1.250 | 1.250 | 1.250 |
| Announcement Date | 3/9/20 | 3/8/21 | 3/22/22 | 3/20/23 | 3/18/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 5,379 | 4,780 | 8,063 | 7,939 | 9,593 | 8,415 | 8,454 | 8,441 |
| EBITDA | 391.9 | - | 2,432 | 2,141 | - | - | - | - |
| EBIT | -75.38 | - | 2,321 | 1,921 | - | - | - | - |
| Operating Margin | -1.4% | - | 28.79% | 24.2% | - | - | - | - |
| Earnings before Tax (EBT) | - | - | 2,327 | 1,949 | - | - | - | - |
| Net income | - | - | 1,674 | 1,410 | - | - | - | - |
| Net margin | - | - | 20.76% | 17.76% | - | - | - | - |
| EPS | - | - | - | 0.5640 | - | - | - | - |
| Free Cash Flow | 215.1 | 147.8 | - | - | - | - | - | - |
| FCF margin | 4% | 3.09% | - | - | - | - | - | - |
| FCF Conversion (EBITDA) | 54.89% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | - | - | - | - | - | - | - | - |
| Dividend per Share 2 | 0.0400 | - | 0.2900 | 0.2500 | 0.4200 | 0.3500 | 0.3500 | 0.3200 |
| Announcement Date | 3/9/20 | 3/8/21 | 3/22/22 | 3/20/23 | 3/18/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 |
|---|---|---|---|---|---|---|
| Net sales 1 | 2,338 | - | 3,746 | 4,317 | 4,291 | 3,648 |
| EBITDA 1 | 157.5 | - | 818.8 | 1,613 | 1,373 | 767.7 |
| EBIT 1 | 56.62 | - | 805.9 | 1,515 | 1,268 | 653.6 |
| Operating Margin | 2.42% | - | 21.52% | 35.09% | 29.54% | 17.92% |
| Earnings before Tax (EBT) 1 | -1,279 | - | 803.6 | 1,523 | 1,279 | 670.5 |
| Net income 1 | -961.1 | - | 576.3 | 1,097 | 924.9 | 485.1 |
| Net margin | -41.11% | - | 15.39% | 25.42% | 21.55% | 13.3% |
| EPS 2 | -0.3830 | -0.0170 | 0.2300 | 0.4380 | 0.3700 | 0.1940 |
| Dividend per Share 2 | - | - | - | 0.2200 | 0.1200 | 0.1300 |
| Announcement Date | 9/8/20 | 3/8/21 | 8/10/21 | 3/22/22 | 8/23/22 | 3/20/23 |
1ZAR in Million2ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt | - | - | - | - | - | - | - | - |
| Net Cash position | 330 | - | 957 | 1,256 | - | - | - | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow | 215 | 148 | - | - | - | - | - | - |
| ROE (net income / shareholders' equity) | -1.08% | - | 55.4% | 34.8% | - | - | - | - |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets | - | - | - | - | - | - | - | - |
| Book Value Per Share | 1.350 | - | - | - | - | - | - | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex | 531 | 343 | - | 466 | - | - | - | - |
| Capex / Sales | 9.88% | 7.17% | - | 5.87% | - | - | - | - |
| Announcement Date | 3/9/20 | 3/8/21 | 3/22/22 | 3/20/23 | 3/18/24 | - | - | - |
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
| 1st Jan change | Capi. | |
|---|---|---|
| -3.85% | 168M | |
| -2.02% | 40.92B | |
| +19.32% | 25.03B | |
| -18.92% | 22.09B | |
| -5.28% | 21.33B | |
| +10.75% | 20.66B | |
| +7.52% | 20.8B | |
| +7.20% | 9.7B | |
| -23.84% | 8.33B | |
| +35.83% | 8.19B |
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