Merafe Resources (JSE:MRF) Enterprise Value : R1,577 Mil (As of Jun. 06, 2024)

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What is Merafe Resources Enterprise Value?

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, Merafe Resources's Enterprise Value is R1,577 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 ratio for today is 0.67.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Merafe Resources's Enterprise Value is R1,577 Mil. Merafe Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was R2,604 Mil. Therefore, Merafe Resources's EV-to-EBITDA ratio for today is 0.61.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Merafe Resources's Enterprise Value is R1,577 Mil. Merafe Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was R9,242 Mil. Therefore, Merafe Resources's EV-to-Revenue ratio for today is 0.17.

Merafe Resources Enterprise Value Historical Data

The historical data trend for Merafe Resources's Enterprise Value 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 Enterprise Value Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Enterprise Value

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1,846.02

835.73

2,100.57

2,165.04

1,602.12

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
Enterprise Value	Get a 7-Day Free Trial															2,100.57	2,898.26	2,165.04	1,206.45	1,602.12

Competitive Comparison of Merafe Resources's Enterprise Value

For the Other Industrial Metals & Mining subindustry, Merafe Resources's Enterprise Value, along with its competitors' market caps and Enterprise Value 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 Enterprise Value Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Merafe Resources's Enterprise Value distribution charts can be found below:

* The bar in red indicates where Merafe Resources's Enterprise Value falls into.

Merafe Resources Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

Merafe Resources's Enterprise Value for the fiscal year that ended in Dec. 2023 is calculated as

	Enterprise Value (A: Dec. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	3248.869	+	0	+	5.911
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	3.148	+	0	-	1655.807
=	1,602

Merafe Resources's Enterprise Value for the quarter that ended in Dec. 2023 is calculated as

	Enterprise Value (Q: Dec. 2023 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	3248.869	+	0	+	5.911
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	3.148	+	0	-	1655.807
=	1,602

Merafe Resources (JSE:MRF) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

Merafe Resources's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	1577.126	/	2354.78
	=	0.67

Merafe Resources's current Enterprise Value is R1,577 Mil.
For company reported semi-annually or 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.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

Merafe Resources's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	1577.126	/	2604.099
	=	0.61

Merafe Resources's current Enterprise Value is R1,577 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2023 was R2,604 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

Merafe Resources's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	1577.126	/	9242.341
	=	0.17

Merafe Resources's current Enterprise Value is R1,577 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2023 was R9,242 Mil.

Merafe Resources Enterprise Value Related Terms

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Merafe Resources (JSE:MRF) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Merafe Resources Ltd (JSE:MRF) » Definitions » Enterprise Value

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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.