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 R1,653 Mil.
Merafe Resources's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was R190 Mil. Therefore, Merafe Resources's EV-to-EBIT ratio for today is 8.70.
EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, Merafe Resources's Enterprise Value is R1,653 Mil.
Merafe Resources's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was R391 Mil. Therefore, Merafe Resources's EV-to-EBITDA ratio for today is 4.23.
EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, Merafe Resources's Enterprise Value is R1,653 Mil.
Merafe Resources's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was R5,796 Mil. Therefore, Merafe Resources's EV-to-Revenue ratio for today is 0.29.
*** 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.
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 current Enterprise Value is R1,653 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. 2025 was R190 Mil.
2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.
Merafe Resources's current Enterprise Value is R1,653 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. 2025 was R391 Mil.
Merafe Resources's current Enterprise Value is R1,653 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. 2025 was R5,796 Mil.
Merafe Resources's current Enterprise Value is R1,653 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was R610 Mil.
Merafe Resources's current Enterprise Value is R1,653 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. Merafe Resources's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was R163 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.
Merafe Resources Enterprise Value Related Terms
Merafe Resources Enterprise Value Historical Data
* Premium members only.
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.
Merafe Resources Enterprise Value Competitor Comparison
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 Enterprise Value vs 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.
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. 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.
Merafe Resources (JSE:MRF) has a Enterprise Value of R1,653 Mil as of Jul. 03, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on Merafe Resources and its competitors.
Is Merafe Resources' Enterprise Value too high?
Merafe Resources' current Enterprise Value is R1,653 Mil. Overall, Merafe Resources has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Enterprise Value compare to competitors?
Merafe Resources' Enterprise Value of R1,653 Mil can be compared against companies in the Metals & Mining 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 a Metals & Mining company?
A good Enterprise Value depends on the Metals & Mining 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 Merafe Resources and its competitors. Merafe Resources's current Enterprise Value is R1,653 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Merafe Resources stock overvalued right now?
Based on GuruFocus' analysis, Merafe Resources (JSE:MRF) is currently considered Modestly Overvalued. The stock's GF Value™ is R1.00, compared to a current price of R1.28 — trading 28% above its estimated fair value. The current Enterprise Value is R1,653 Mil. Merafe Resources' overall GF Score™ is 65/100 with 9 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 Merafe Resources (JSE:MRF), the current Enterprise Value is R1,653 Mil as of Jul. 03, 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 Merafe Resources (JSE:MRF) Overvalued in 2026?
Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued.
The current stock price of R1.28 is trading 28% above its estimated GF Value™ of R1.00.
GuruFocus considers Merafe Resources to be Modestly Overvalued.
Key valuation signals for JSE:MRF:
Enterprise Value: R1,653 Mil
GF Value™: R1.00 vs. price of R1.28 (28% above fair value)
No single metric tells the full story. See the JSE:MRF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
65GF Score
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