Gold Road Resources Ltd


Estimate Adjusted EBIT Margin

	Fiscal Year Ending					LTM
	Dec-20	Dec-21	Dec-22	Dec-23	Dec-24	Dec-24
(AUD in millions)	FY-4	FY-3	FY-2	FY-1	FY	LTM

Revenue	295	275	383	472	528	528

Adjusted EBITDA Build-up
EBT, Incl. Unusual Items	113	51	91	167	203	203
(+) Net Interest Expense	7	7	6	2	5	5
(+) Other Non Operating Exp.	(0)	(0)	0	(0)	(0)	(0)
(+) D&A	40	50	75	69	74	74
(+) Non-recurring Items	(17)	(4)		(0)	(1)	(1)
Adjusted EBITDA	144	105	172	237	281	281

(-) D&A	(40)	(50)	(75)	(69)	(74)	(74)

Adjusted EBIT	103	55	97	168	207	207
% of Revenue	35.0%	19.9%	25.3%	35.6%	39.2%	39.2%


	Low	Median	High

Adjusted EBIT Margin	19.9%	35.0%	39.2%

지원하는 계산법

Equity Waterfall


Equity Waterfall

	Model
(AUD in millions)	Low	Mid	High	Market
Enterprise Value	688	1,409	1,872	2,358
(+) Cash & Short Term Investments	166	166	166	166
(+) Investments & Other	742	742	742	742
(-) Debt	(119)	(119)	(119)	(119)
(-) Other Liabilities	0	0	0	0
(-) Preferred Stock	0	0	0	0
(-) Other	0	0	0	0
Value of Common Equity	1,476	2,198	2,660	3,147
(/) Shares Outstanding	1,085.2	1,085.2	1,085.2	1,085.2
Implied Stock Price (AUD)	1.36	2.03	2.45	2.90
FX Rate: AUD/AUD	1.00	1.00	1.00	1.00
Implied Stock Price (AUD)	1.36	2.03	2.45	2.90

Upside / (Downside)	-53.09%	-30.17%	-15.47%


Stock Price	2.90
Stock Price Close	2.90
Restatment Type	Original
Reporting Currency	AUD
Trading Currency	AUD
FX Rate: AUD/AUD	1.00
Market Cap	3,147.0
Shares Outstanding	1,085.2
Share Exchange Ratio	1.0
Liquid Long-term Investments	0

로딩 에러