Eldorado Gold Valuation

Is ELD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ELD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ELD (CA$21.32) is trading below our estimate of fair value (CA$143.24)

Significantly Below Fair Value: ELD is trading below fair value by more than 20%.


Key Valuation Metric

Which metric is best to use when looking at relative valuation for ELD?

Other financial metrics that can be useful for relative valuation.

ELD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue3x
Enterprise Value/EBITDA6.9x
PEG Ratio0.8x

Price to Earnings Ratio vs Peers

How does ELD's PE Ratio compare to its peers?

The above table shows the PE ratio for ELD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average33.5x
LUG Lundin Gold
20.3x21.7%CA$4.7b
TFPM Triple Flag Precious Metals
92.7x65.3%CA$4.8b
IMG IAMGOLD
14x35.1%CA$2.7b
TXG Torex Gold Resources
7.1x-1.6%CA$1.7b
ELD Eldorado Gold
25.4x31.3%CA$4.3b

Price-To-Earnings vs Peers: ELD is good value based on its Price-To-Earnings Ratio (25.4x) compared to the peer average (34.5x).


Price to Earnings Ratio vs Industry

How does ELD's PE Ratio compare vs other companies in the CA Metals and Mining Industry?

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.0%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a32.0%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: ELD is expensive based on its Price-To-Earnings Ratio (25.4x) compared to the Canadian Metals and Mining industry average (17.5x).


Price to Earnings Ratio vs Fair Ratio

What is ELD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ELD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio25.4x
Fair PE Ratio26.1x

Price-To-Earnings vs Fair Ratio: ELD is good value based on its Price-To-Earnings Ratio (25.4x) compared to the estimated Fair Price-To-Earnings Ratio (26.1x).


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ELD forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCA$21.32
CA$23.26
+9.1%
16.8%CA$29.98CA$16.90n/a7
May ’25CA$19.84
CA$23.34
+17.6%
16.9%CA$30.05CA$16.81n/a7
Apr ’25CA$19.52
CA$19.24
-1.5%
17.0%CA$25.05CA$13.43n/a7
Mar ’25CA$14.67
CA$18.87
+28.6%
17.0%CA$25.07CA$13.44n/a7
Feb ’25CA$17.28
CA$19.28
+11.6%
18.1%CA$25.95CA$13.70n/a7
Jan ’25CA$17.20
CA$17.63
+2.5%
13.7%CA$20.64CA$13.70n/a7
Dec ’24CA$18.24
CA$17.26
-5.4%
12.5%CA$19.89CA$13.58n/a7
Nov ’24CA$15.20
CA$17.00
+11.9%
16.2%CA$19.98CA$11.67n/a7
Oct ’24CA$12.12
CA$17.41
+43.6%
17.6%CA$23.23CA$12.25n/a7
Sep ’24CA$12.98
CA$17.59
+35.6%
16.9%CA$23.27CA$12.62n/a7
Aug ’24CA$12.84
CA$17.30
+34.7%
16.6%CA$22.73CA$12.32n/a7
Jul ’24CA$13.41
CA$17.11
+27.6%
15.5%CA$22.48CA$12.74n/a7
Jun ’24CA$13.35
CA$17.41
+30.4%
19.7%CA$22.47CA$12.91n/a4
May ’24CA$15.17
CA$17.35
+14.4%
15.3%CA$22.49CA$12.78CA$19.847
Apr ’24CA$14.00
CA$14.91
+6.5%
15.6%CA$17.92CA$11.09CA$19.527
Mar ’24CA$13.10
CA$15.01
+14.6%
10.5%CA$17.55CA$13.04CA$14.676
Feb ’24CA$13.13
CA$14.95
+13.9%
10.4%CA$17.41CA$12.97CA$17.286
Jan ’24CA$11.29
CA$14.63
+29.6%
11.1%CA$16.48CA$11.98CA$17.206
Dec ’23CA$11.27
CA$13.67
+21.3%
15.4%CA$16.57CA$10.55CA$18.246
Nov ’23CA$8.33
CA$13.82
+66.0%
16.0%CA$17.00CA$10.49CA$15.206
Oct ’23CA$8.35
CA$14.51
+73.8%
17.1%CA$18.62CA$11.49CA$12.126
Sep ’23CA$6.92
CA$14.52
+109.9%
19.7%CA$18.05CA$11.03CA$12.986
Aug ’23CA$7.87
CA$14.81
+88.1%
16.7%CA$18.03CA$11.96CA$12.846
Jul ’23CA$8.21
CA$19.10
+132.6%
9.5%CA$21.98CA$16.96CA$13.416
Jun ’23CA$10.24
CA$18.69
+82.6%
9.0%CA$21.60CA$16.67CA$13.356
May ’23CA$12.48
CA$19.78
+58.5%
8.0%CA$22.08CA$17.45CA$15.176

Analyst Forecast: Target price is less than 20% higher than the current share price.


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