Financials Emerald Resources NL

Equities

EMR

AU000000EMR4

Gold

Market Closed - Australian S.E. Other stock markets 07:10:06 26/06/2024 BST			5-day change	1st Jan Change
3.36 ^AUD	-2.89%		-4.00%	+11.63%

06-24	Emerald Resources Issues 725,000 Fully Paid Ordinary Shares	MT
06-05	Emerald Resources Completes Acquisition of Bullseye Mining	MT

Valuation

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Capitalization ¹	463.9	652.7	1,221	2,270	-	-
Enterprise Value (EV) ¹	463.9	652.7	1,230	2,147	2,020	2,044
P/E ratio	-27.8 x	13.1 x	17.1 x	21 x	16.9 x	16.1 x
Yield	-	-	-	-	-	-
Capitalization / Revenue	-	-	4.08 x	6.34 x	5.91 x	5.89 x
EV / Revenue	-	-	4.11 x	5.99 x	5.26 x	5.3 x
EV / EBITDA	-	-	8.11 x	11.2 x	9.07 x	9.16 x
EV / FCF	-	-	14.2 x	16.2 x	13.6 x	55.1 x
FCF Yield	-	-	7.06%	6.17%	7.37%	1.81%
Price to Book	-	-	-	4.87 x	3.84 x	3.1 x
Nbr of stocks (in thousands)	515,397	593,351	595,462	656,113	-	-
Reference price ²	0.9000	1.100	2.050	3.460	3.460	3.460
Announcement Date	27/09/21	30/09/22	31/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net sales ¹	-	-	299.5	358.2	384.2	385.7
EBITDA ¹	-	-	151.6	191.2	222.7	223.2
EBIT ¹	-	-	109.2	163.8	174.2	164.7
Operating Margin	-	-	36.45%	45.73%	45.33%	42.7%
Earnings before Tax (EBT) ¹	-	-	70.92	138	160.2	163.5
Net income ¹	-16.7	45.37	66.28	104.7	133.4	142.4
Net margin	-	-	22.13%	29.22%	34.73%	36.93%
EPS ²	-0.0324	0.0838	0.1199	0.1650	0.2050	0.2150
Free Cash Flow ¹	-	-	86.87	132.5	148.8	37.08
FCF margin	-	-	29.01%	37%	38.74%	9.62%
FCF Conversion (EBITDA)	-	-	57.3%	69.3%	66.84%	16.61%
FCF Conversion (Net income)	-	-	131.06%	126.61%	111.54%	26.04%
Dividend per Share ²	-	-	-	-	-	-
Announcement Date	27/09/21	30/09/22	31/08/23	-	-	-

¹AUD in Million²AUD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: June	2024 S1
Net sales ¹	176.7
EBITDA ¹	95.09
EBIT ¹	75.71
Operating Margin	42.83%
Earnings before Tax (EBT) ¹	57.31
Net income ¹	44.66
Net margin	25.27%
EPS ²	0.0726
Dividend per Share	-
Announcement Date	28/02/24

¹AUD in Million²AUD

Estimates

Balance Sheet Analysis

Fiscal Period: June	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	8.95	-	-	-
Net Cash position ¹	-	-	-	124	250	226
Leverage (Debt/EBITDA)	-	-	0.059 x	-	-	-
Free Cash Flow ¹	-	-	86.9	133	149	37.1
ROE (net income / shareholders' equity)	-	-	23.5%	23%	22.5%	19.5%
ROA (Net income/ Total Assets)	-	-	14.2%	16%	16%	14%
Assets ¹	-	-	467.9	654.2	833.9	1,017
Book Value Per Share ²	-	-	-	0.7100	0.9000	1.120
Cash Flow per Share ²	-	-	-	0.2500	0.2700	0.2800
Capex ¹	-	-	8.61	9.64	26.6	209
Capex / Sales	-	-	2.87%	2.69%	6.91%	54.14%
Announcement Date	27/09/21	30/09/22	31/08/23	-	-	-

¹AUD in Million²AUD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Emerald Resources NL

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

3.46 AUD

Average target price

3.95 AUD

Spread / Average Target

+14.16%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Other Gold

	1st Jan change	Capi.
EMERALD RESOURCES NL	+11.63%	1.51B
FRANCO-NEVADA CORPORATION	+9.72%	22.68B
GOLD FIELDS LIMITED	-1.98%	13.27B
ZHONGJIN GOLD CORP.,LTD	+45.68%	9.69B
HARMONY GOLD MINING COMPANY LIMITED	+39.24%	5.74B
ENDEAVOUR MINING PLC	-4.10%	5.12B
EVOLUTION MINING LIMITED	-14.39%	4.61B
TRIPLE FLAG PRECIOUS METALS CORP.	+17.63%	3.06B
KOZA ALTIN ISLETMELERI	+9.78%	2.1B
PT ANEKA TAMBANG TBK	-26.69%	1.8B

Other Gold