Merafe Resources (JSE:MRF) Median PS Value : R1.95 (As of May. 20, 2024)

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What is Merafe Resources Median PS Value?

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

Median PS Value is calculated as trailing twelve months (TTM) Revenue per Share times 10-Year median PS Ratio. Merafe Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was R3.698. Merafe Resources's 10-Year median PS Ratio is 0.5273. Therefore, the Median PS Value for today is R1.95.

As of today (2024-05-20), Merafe Resources's share price is R1.25. Merafe Resources's Median PS Value is R1.95. Therefore, Merafe Resources's Price to Median PS Value for today is 0.64.

The historical rank and industry rank for Merafe Resources's Median PS Value or its related term are showing as below:

JSE:MRF' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.33 Med: 0.63 Max: 0.86
Current: 0.64

During the past 13 years, the highest Price to Median PS Value of Merafe Resources was 0.86. The lowest was 0.33. And the median was 0.63.

JSE:MRF's Price-to-Median-PS-Value is ranked better than
80.42% of 378 companies
in the Metals & Mining industry
Industry Median: 1.04 vs JSE:MRF: 0.64

Merafe Resources Median PS Value Historical Data

The historical data trend for Merafe Resources's Median PS 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 Median PS Value Chart

Merafe Resources Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Median PS Value

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1.51

1.27

2.02

1.82

1.95

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
Median PS Value	Get a 7-Day Free Trial															2.02	-	1.82	-	1.95

Competitive Comparison of Merafe Resources's Median PS Value

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

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

* The bar in red indicates where Merafe Resources's Price-to-Median-PS-Value falls into.

Merafe Resources Median PS Value Calculation

Merafe Resources's Median PS Value for today is calculated as

Median PS Value	=	Revenue per Share (TTM)	*	10-Year Median PS Ratio
	=	3.698	*	0.5273
	=	1.95

10-Year Median PS Ratio is 0.5273.
For company reported semi-annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's Revenue per Share for the trailing twelve months (TTM) ended in Dec. 2023 was R3.698.

Merafe Resources (JSE:MRF) Median PS Value Explanation

This valuation method assumes that the stock valuation will revert to its historical (10-Year) mean in terms of PS Ratio. The reason we use PS Ratio instead of PE Ratio or PB Ratio is because PS Ratio is independent of profit margin, and can be applied to a broader range of situations.

It also assumes that over time the profit margin is constant. If a company increases its profit margin to a sustainable level, this value might under-estimate its value. If it has permanent declined profit margins, this may over-estimate the company's value.

Merafe Resources's Price to Median PS Value for today is calculated as

Price to Median PS Value	=	Share Price	/	Median PS Value
	=	1.25	/	1.95
	=	0.64

Merafe Resources Median PS 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 » Median PS Value

Comparable Companies

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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.