Thungela Resources (FRA:6UP) Enterprise Value: €416 Mil (As of Jun. 30, 2026) ***


FRA:6UP Thungela Resources Ltd FRA:6UP
65 GF Score
Price €5.22
GF Value €6.25
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Thungela Resources Enterprise Value?

Thungela Resources FRA:6UP -1.14% 65 Enterprise Value is €416 Mil as of Jun. 30, 2026. GuruFocus rates FRA:6UP with a GF Score™ of 65/100 and a GF Value™ of €6.25 (Modestly Undervalued). The stock has 7 warning signs investors should review.

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, Thungela Resources's Enterprise Value is €416 Mil. Thungela Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-353 Mil. Therefore, Thungela Resources's EV-to-EBIT ratio for today is -1.18.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Thungela Resources's Enterprise Value is €416 Mil. Thungela Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €-207 Mil. Therefore, Thungela Resources's EV-to-EBITDA ratio for today is -2.01.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Thungela Resources's Enterprise Value is €416 Mil. Thungela Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €1,471 Mil. Therefore, Thungela Resources's EV-to-Revenue ratio for today is 0.28.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, Thungela Resources's Enterprise Value is €416 Mil. Thungela Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €118 Mil. Therefore, Thungela Resources's EV-to-OCF ratio for today is 3.53.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, Thungela Resources's Enterprise Value is €416 Mil. Thungela Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-38 Mil. Therefore, Thungela Resources's EV-to-FCF ratio for today is -10.88.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.


Thungela Resources  (FRA:6UP) 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.

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

EV-to-EBIT=Enterprise Value (Today)/EBIT (TTM)
=415.879/-352.567
=-1.18

Thungela Resources's current Enterprise Value is €416 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Thungela Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was €-353 Mil.

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

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

EV-to-EBITDA=Enterprise Value (Today)/EBITDA(TTM)
=415.879/-207.372
=-2.01

Thungela Resources's current Enterprise Value is €416 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Thungela Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was €-207 Mil.

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

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

EV-to-Revenue=Enterprise Value (Today)/Revenue (TTM)
=415.879/1470.87
=0.28

Thungela Resources's current Enterprise Value is €416 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Thungela Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was €1,471 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

Thungela Resources's EV-to-OCF for today is:

EV-to-OCF=Enterprise Value (Today)/Cash Flow from Operations (TTM)
=415.879/117.67
=3.53

Thungela Resources's current Enterprise Value is €416 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Thungela Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was €118 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

Thungela Resources's EV-to-FCF for today is:

EV-to-FCF=Enterprise Value (Today)/Free Cash Flow (TTM)
=415.879/-38.23
=-10.88

Thungela Resources's current Enterprise Value is €416 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Thungela Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was €-38 Mil.

* 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.


Thungela Resources Enterprise Value Related Terms


Thungela Resources Enterprise Value Historical Data

* Premium members only.

The historical data trend for Thungela 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.

Thungela Resources Enterprise Value Chart

Thungela Resources Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Enterprise Value
Get a 7-Day Free Trial 267.04 1,380.04 510.95 417.13 367.93

Thungela Resources Semi-Annual Data
Dec18 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Enterprise Value Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 510.95 403.58 417.13 234.93 367.93

FRA:6UP vs CNR: Enterprise Value Comparison

For the Thermal Coal subindustry, Thungela 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.


Thungela Resources Enterprise Value vs Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Thungela Resources's Enterprise Value distribution charts can be found below:

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


FRA:6UP
65GF Score
Thungela Resources Ltd FRA:6UP
Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Thungela 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.

Thungela Resources's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

Thungela Resources's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

* 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.

Frequently Asked Questions Learn more about Enterprise Value →
What does a Enterprise Value of €416 Mil mean?
Thungela Resources (FRA:6UP) has a Enterprise Value of €416 Mil as of Jun. 30, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Thungela Resources and its competitors.
Is Thungela Resources' Enterprise Value too high?
Thungela Resources' current Enterprise Value is €416 Mil. Overall, Thungela Resources has a GF Score™ of 65/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thungela Resources' Enterprise Value compare to CNR?
Thungela Resources' Enterprise Value of €416 Mil can be compared against companies in the Other Energy Sources industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Enterprise Value for an Other Energy Sources company?
A good Enterprise Value depends on the Other Energy Sources industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Enterprise Value mean?
A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Thungela Resources and its competitors. Thungela Resources's current Enterprise Value is €416 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thungela Resources stock overvalued right now?
Based on GuruFocus' analysis, Thungela Resources (FRA:6UP) is currently considered Modestly Undervalued. The stock's GF Value™ is €6.25, compared to a current price of €5.22 — trading 16.5% below its estimated fair value. The current Enterprise Value is €416 Mil. Thungela Resources' overall GF Score™ is 65/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Enterprise Value calculated?
Enterprise Value is calculated from a company's financial statements. For Thungela Resources (FRA:6UP), the current Enterprise Value is €416 Mil as of Jun. 30, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Thungela Resources (FRA:6UP) Overvalued in 2026?

Based on GuruFocus' analysis, Thungela Resources stock appears to be undervalued. The current stock price of €5.22 is trading 16.5% below its estimated GF Value™ of €6.25. GuruFocus considers Thungela Resources to be Modestly Undervalued.

Key valuation signals for FRA:6UP:

  • Enterprise Value: €416 Mil
  • GF Value™: €6.25 vs. price of €5.22 (16.5% below fair value)
  • GF Score™: 65/100 with 7 warning signs

No single metric tells the full story. See the FRA:6UP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Thungela Resources Business Description

Address 25 Bath Avenue, Rosebank, Johannesburg, GT, ZAF, 2196
Thungela Resources Ltd is a pure-play producer and exporter of thermal coal with operations in South Africa and Australia. The group focuses on high-quality coal reserves and marketable production, positioning as a key player in the energy market by delivering coal through world-class ports, and powering nations. It owns interests in various mining operations, namely Goedehoop, Greenside, Isibonelo, Khwezela, AAIC, Mafube Coal Mining, and Butsanani Energy which consist of both underground and open cast mines located in the Mpumalanga province of South Africa. Its operational segments are Opencast, Underground, and Services.
65GF Score

Get the complete analysis for FRA:6UP

Enterprise Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€5.22
Price
€6.25
GF Value