Merafe Resources (JSE:MRF) EV-to-EBIT : 0.63 (As of May. 20, 2024)

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What is Merafe Resources EV-to-EBIT?

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Merafe Resources's Enterprise Value is R1,477 Mil. Merafe Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R2,355 Mil. Therefore, Merafe Resources's EV-to-EBIT for today is 0.63.

The historical rank and industry rank for Merafe Resources's EV-to-EBIT or its related term are showing as below:

JSE:MRF' s EV-to-EBIT Range Over the Past 10 Years
Min: -1.97 Med: 2.57 Max: 23.45
Current: 0.63

During the past 13 years, the highest EV-to-EBIT of Merafe Resources was 23.45. The lowest was -1.97. And the median was 2.57.

JSE:MRF's EV-to-EBIT is ranked better than
95.58% of 566 companies
in the Metals & Mining industry
Industry Median: 13.495 vs JSE:MRF: 0.63

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %. Merafe Resources's Enterprise Value for the quarter that ended in Dec. 2023 was R1,602 Mil. Merafe Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R2,355 Mil. Merafe Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 146.98%.

Merafe Resources EV-to-EBIT Historical Data

The historical data trend for Merafe Resources's EV-to-EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Merafe Resources EV-to-EBIT Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EV-to-EBIT

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-0.99

-0.62

0.90

1.11

0.68

Merafe Resources Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
EV-to-EBIT	Get a 7-Day Free Trial															0.90	-	1.11	-	0.68

Competitive Comparison of Merafe Resources's EV-to-EBIT

For the Other Industrial Metals & Mining subindustry, Merafe Resources's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Merafe Resources's EV-to-EBIT Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Merafe Resources's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Merafe Resources's EV-to-EBIT falls into.

Merafe Resources EV-to-EBIT Calculation

Merafe Resources's EV-to-EBIT for today is calculated as:

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	1477.161	/	2354.78
	=	0.63

Merafe Resources's current Enterprise Value is R1,477 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R2,355 Mil.

Merafe Resources (JSE:MRF) EV-to-EBIT Explanation

This is a more accurate valuation of companies' operation because it considers the debt and cash on its balance sheet, and non-operating items such as interest payment, tax, and one-time items are not included in the Operating Income.

Joel Greenblatt calls the inversion of this ratio Earnings Yield (Joel Greenblatt) %.

Merafe Resources's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

Earnings Yield (Joel Greenblatt) % (Q: Dec. 2023 )	=	EBIT	/	Enterprise Value (Q: Dec. 2023 )
	=	2354.78	/	1602.121
	=	146.98 %

Merafe Resources's Enterprise Value for the quarter that ended in Dec. 2023 was R1,602 Mil.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2023 was R2,355 Mil.

Merafe Resources EV-to-EBIT Related Terms

Thank you for viewing the detailed overview of Merafe Resources's EV-to-EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.

Merafe Resources (JSE:MRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Merafe Resources Ltd (JSE:MRF) » Definitions » EV-to-EBIT

Comparable Companies

Traded in Other Exchanges

RZT:Germany

Address

35 Ballyclare Drive, Building B, 2nd floor, Ballyoaks Office Park, Bryanston, ZAF, 2191

Website

https://www.meraferesources.co.za

Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namely, Waterval mine; Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals.