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29Metals Valuation Multiples
Discover revenue and EBITDA valuation multiples for 29Metals and similar public comparables like Kocaer Çelik, Algoma Steel Group, Meeka Metals, Pensana and more.
29Metals Overview
About 29Metals
29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver). The group has three reportable segments which are Golden Grove, Capricorn Copper, and Exploration (which includes Redhill and regional exploration activities at Golden Grove and Capricorn Copper), and the majority of its revenue is generated from golden grove.
Founded
2021
HQ
Employees
N/A
Website
Sectors
Financials (LTM)
EV
$600M
29Metals Financials
29Metals reported last 12-month revenue of $416M and EBITDA of $124M.
In the same LTM period, 29Metals generated $125M in gross profit, $124M in EBITDA, and $19M in net income.
Revenue (LTM)
29Metals P&L
In the most recent fiscal year, 29Metals reported revenue of $393M and EBITDA of ($13M).
29Metals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $416M | XXX | $393M | XXX | XXX | XXX |
| Gross Profit | $125M | XXX | $72M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 18% | XXX | XXX | XXX |
| EBITDA | $124M | XXX | ($13M) | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | (3%) | XXX | XXX | XXX |
| EBIT Margin | 9% | XXX | (15%) | XXX | XXX | XXX |
| Net Profit | $19M | XXX | ($125M) | XXX | XXX | XXX |
| Net Margin | 5% | XXX | (32%) | XXX | XXX | XXX |
| Net Debt | — | — | $7M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
29Metals Stock Performance
29Metals has current market cap of $499M, and enterprise value of $600M.
Market Cap Evolution
29Metals' stock price is $0.29.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $600M | $499M | 0.0% | XXX | XXX | XXX | $-0.07 |
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Start Free Trial29Metals Valuation Multiples
29Metals trades at 1.4x EV/Revenue multiple, and 4.8x EV/EBITDA.
EV / Revenue (LTM)
29Metals Financial Valuation Multiples
As of March 24, 2026, 29Metals has market cap of $499M and EV of $600M.
Equity research analysts estimate 29Metals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
29Metals has a P/E ratio of 26.5x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $499M | XXX | $499M | XXX | XXX | XXX |
| EV (current) | $600M | XXX | $600M | XXX | XXX | XXX |
| EV/Revenue | 1.4x | XXX | 1.5x | XXX | XXX | XXX |
| EV/EBITDA | 4.8x | XXX | (44.6x) | XXX | XXX | XXX |
| EV/EBIT | 15.3x | XXX | (9.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 4.8x | XXX | 8.4x | XXX | XXX | XXX |
| P/E | 26.5x | XXX | (4.0x) | XXX | XXX | XXX |
| EV/FCF | (14.0x) | XXX | (14.9x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified 29Metals Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
29Metals Margins & Growth Rates
29Metals' revenue in the last 12 month grew by 14%.
29Metals' rule of 40 is 44% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
29Metals' rule of X is 64% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
29Metals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 14% | XXX | 2% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | (3%) | XXX | XXX | XXX |
| EBITDA Growth | 11% | XXX | (1012%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 44% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 64% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 6% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 34% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
29Metals Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Kocaer Çelik | XXX | XXX | XXX | XXX | XXX | XXX |
| Algoma Steel Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Meeka Metals | XXX | XXX | XXX | XXX | XXX | XXX |
| Pensana | XXX | XXX | XXX | XXX | XXX | XXX |
| Core Lithium | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
29Metals M&A Activity
29Metals acquired XXX companies to date.
Last acquisition by 29Metals was on XXXXXXXX, XXXXX. 29Metals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by 29Metals
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial29Metals Investment Activity
29Metals invested in XXX companies to date.
29Metals made its latest investment on XXXXXXXX, XXXXX. 29Metals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by 29Metals
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout 29Metals
| When was 29Metals founded? | 29Metals was founded in 2021. |
| Where is 29Metals headquartered? | 29Metals is headquartered in Australia. |
| Is 29Metals publicly listed? | Yes, 29Metals is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of 29Metals? | 29Metals trades under 29M ticker. |
| When did 29Metals go public? | 29Metals went public in 2021. |
| Who are competitors of 29Metals? | 29Metals main competitors are Kocaer Çelik, Algoma Steel Group, Meeka Metals, Pensana. |
| What is the current market cap of 29Metals? | 29Metals' current market cap is $499M. |
| What is the current revenue of 29Metals? | 29Metals' last 12 months revenue is $416M. |
| What is the current revenue growth of 29Metals? | 29Metals revenue growth (NTM/LTM) is 14%. |
| What is the current EV/Revenue multiple of 29Metals? | Current revenue multiple of 29Metals is 1.4x. |
| Is 29Metals profitable? | Yes, 29Metals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of 29Metals? | 29Metals' last 12 months EBITDA is $124M. |
| What is 29Metals' EBITDA margin? | 29Metals' last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of 29Metals? | Current EBITDA multiple of 29Metals is 4.8x. |
| What is the current FCF of 29Metals? | 29Metals' last 12 months FCF is ($43M). |
| What is 29Metals' FCF margin? | 29Metals' last 12 months FCF margin is (10%). |
| What is the current EV/FCF multiple of 29Metals? | Current FCF multiple of 29Metals is (14.0x). |
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