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- African Rainbow Minerals
African Rainbow Minerals Valuation Multiples
Discover revenue and EBITDA valuation multiples for African Rainbow Minerals and similar public comparables like Grupa Kety, West African Resources, Poderosa, Sims and more.
African Rainbow Minerals Overview
About African Rainbow Minerals
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
Founded
1933
HQ

Employees
21.7K
Website
Sectors
Financials (LTM)
EV
$2B
African Rainbow Minerals Financials
African Rainbow Minerals reported last 12-month revenue of $904M and EBITDA of $312M.
In the same LTM period, African Rainbow Minerals generated $233M in gross profit, $312M in EBITDA, and $230M in net income.
African Rainbow Minerals P&L
In the most recent fiscal year, African Rainbow Minerals reported revenue of $682M and EBITDA of $141M.
African Rainbow Minerals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $904M | XXX | $682M | XXX | XXX | XXX |
| Gross Profit | $233M | XXX | ($11M) | XXX | XXX | XXX |
| Gross Margin | 26% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA | $312M | XXX | $141M | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 21% | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | (5%) | XXX | XXX | XXX |
| Net Profit | $230M | XXX | $23M | XXX | XXX | XXX |
| Net Margin | 25% | XXX | 3% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
African Rainbow Minerals Stock Performance
African Rainbow Minerals has current market cap of $3B, and enterprise value of $2B.
African Rainbow Minerals' stock price is $14.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $3B | — | XXX | XXX | XXX | $0.12 |
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Start Free TrialAfrican Rainbow Minerals Valuation Multiples
African Rainbow Minerals trades at 2.7x EV/Revenue multiple, and 7.8x EV/EBITDA.
African Rainbow Minerals Financial Valuation Multiples
As of March 29, 2026, African Rainbow Minerals has market cap of $3B and EV of $2B.
Equity research analysts estimate African Rainbow Minerals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
African Rainbow Minerals has a P/E ratio of 12.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $3B | XXX | $3B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 2.7x | XXX | 3.6x | XXX | XXX | XXX |
| EV/EBITDA | 7.8x | XXX | 17.3x | XXX | XXX | XXX |
| EV/EBIT | 10.1x | XXX | (75.4x) | XXX | XXX | XXX |
| EV/Gross Profit | 10.4x | XXX | (218.6x) | XXX | XXX | XXX |
| P/E | 12.1x | XXX | 120.1x | XXX | XXX | XXX |
| EV/FCF | — | XXX | (197.8x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified African Rainbow Minerals 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.


African Rainbow Minerals Margins & Growth Rates
African Rainbow Minerals' revenue in the last 12 month grew by 16%.
African Rainbow Minerals' revenue per employee in the last FY averaged $0.0M.
African Rainbow Minerals' rule of 40 is 51% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
African Rainbow Minerals' rule of X is 75% (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).
African Rainbow Minerals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 16% | XXX | 44% | XXX | XXX | XXX |
| EBITDA Margin | 35% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 52% | XXX | 192% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 51% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 75% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 4% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
African Rainbow Minerals Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Grupa Kety | XXX | XXX | XXX | XXX | XXX | XXX |
| West African Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Poderosa | XXX | XXX | XXX | XXX | XXX | XXX |
| Sims | XXX | XXX | XXX | XXX | XXX | XXX |
| Wesdome Gold Mines | 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.
African Rainbow Minerals M&A Activity
African Rainbow Minerals acquired XXX companies to date.
Last acquisition by African Rainbow Minerals was on XXXXXXXX, XXXXX. African Rainbow Minerals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by African Rainbow Minerals
| 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 TrialAfrican Rainbow Minerals Investment Activity
African Rainbow Minerals invested in XXX companies to date.
African Rainbow Minerals made its latest investment on XXXXXXXX, XXXXX. African Rainbow Minerals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by African Rainbow Minerals
| 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 African Rainbow Minerals
| When was African Rainbow Minerals founded? | African Rainbow Minerals was founded in 1933. |
| Where is African Rainbow Minerals headquartered? | African Rainbow Minerals is headquartered in South Africa. |
| How many employees does African Rainbow Minerals have? | As of today, African Rainbow Minerals has over 21K employees. |
| Is African Rainbow Minerals publicly listed? | Yes, African Rainbow Minerals is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of African Rainbow Minerals? | African Rainbow Minerals trades under ARI ticker. |
| When did African Rainbow Minerals go public? | African Rainbow Minerals went public in 1944. |
| Who are competitors of African Rainbow Minerals? | African Rainbow Minerals main competitors are Grupa Kety, West African Resources, Poderosa, Sims. |
| What is the current market cap of African Rainbow Minerals? | African Rainbow Minerals' current market cap is $3B. |
| What is the current revenue of African Rainbow Minerals? | African Rainbow Minerals' last 12 months revenue is $904M. |
| What is the current revenue growth of African Rainbow Minerals? | African Rainbow Minerals revenue growth (NTM/LTM) is 16%. |
| What is the current EV/Revenue multiple of African Rainbow Minerals? | Current revenue multiple of African Rainbow Minerals is 2.7x. |
| Is African Rainbow Minerals profitable? | Yes, African Rainbow Minerals is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of African Rainbow Minerals? | African Rainbow Minerals' last 12 months EBITDA is $312M. |
| What is African Rainbow Minerals' EBITDA margin? | African Rainbow Minerals' last 12 months EBITDA margin is 35%. |
| What is the current EV/EBITDA multiple of African Rainbow Minerals? | Current EBITDA multiple of African Rainbow Minerals is 7.8x. |
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