Company Valuation: Torex Gold Resources Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 1,128 1,335 1,256 2,435 6,264 5,931 - -
Change - 18.38% -5.94% 93.94% 157.25% -5.33% - -
Enterprise Value (EV) 1 806.4 1,335 1,065 2,435 6,173 5,108 4,059 2,982
Change - 65.53% -20.18% 128.55% 153.48% -17.24% -20.55% -26.52%
P/E ratio - 5.22x - 12.8x 10.6x 6.51x 5.97x 5.93x
PBR - - - - - - - -
PEG - - - - 0x 0.1x 0.66x 9.41x
Capitalization / Revenue 1.04x 1.13x 1.05x 1.53x 3.51x 2x 1.96x 2.14x
EV / Revenue 0.74x 1.13x 0.89x 1.53x 3.46x 1.72x 1.34x 1.08x
EV / EBITDA 1.29x 2.06x 1.78x 3.17x 6.18x 2.67x 2.08x 1.66x
EV / EBIT - - - - - - - -
EV / FCF 6.37x 7.53x -4.45x -16.4x 33.1x 4.71x 3.91x 3.53x
FCF Yield 15.7% 13.3% -22.5% -6.09% 3.02% 21.2% 25.6% 28.3%
Dividend per Share 2 - - - - 0.2051 0.622 1.189 -
Rate of return - - - - 0.31% 0.98% 1.87% -
EPS 2 - 2.98 - 2.205 6.194 9.757 10.63 10.7
Distribution rate - - - - 3.31% 6.37% 11.2% -
Net sales 1 1,089 1,176 1,192 1,587 1,785 2,962 3,022 2,766
EBITDA 1 624.6 648.2 597.3 768.3 998.6 1,911 1,949 1,793
EBIT 380.4 - - 582.5 - - - -
Net income 1 193 255.7 276.1 191.5 551.6 947.7 1,023 905.5
Net Debt 1 -321.2 - -190.2 - -91.9 -822.6 -1,872 -2,949
Reference price 2 13.15 15.55 14.62 28.32 65.54 63.51 63.51 63.51
Nbr of stocks (in thousands) 85,749 85,844 85,885 85,987 95,582 93,384 - -
Announcement Date 23/02/22 22/02/23 21/02/24 19/02/25 18/02/26 - - -
1CAD in Million2CAD
Estimates

P/E ratio, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
6.51x1.72x2.67x0.98% 431.71Cr
10.96x3.92x5.99x0.9% 12TCr
14.8x5.94x8.21x0.79% 11TCr
10.91x3.07x4.46x1.82% 7.22TCr
27.75x17.03x19.87x0.53% 6.71TCr
9.32x3.56x4.73x3.85% 5.28TCr
9.98x3.62x5.43x0.42% 4TCr
20.75x4.7x8.91x2.02% 2.53TCr
19.98x10.71x13.12x0.71% 2.29TCr
8.67x3.17x4.85x - 2.04TCr
Average 13.96x 5.74x 7.82x 1.34% 5.34TCr
Weighted average by Cap. 14.33x 6.08x 8.18x 1.27%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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