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Fresnillo Valuation Multiples
Discover revenue and EBITDA valuation multiples for Fresnillo and similar public comparables like Nucor, Fortescue, Kinross Gold, Aluminum Corporation of China and more.
Fresnillo Overview
About Fresnillo
Fresnillo PLC explores, develops, and produces silver and gold resources mainly in Mexico. The companyβs reportable segments comprise seven producing mines: the Fresnillo, Saucito, and Juanicipio underground silver mines located in Zacatecas; the Cienega underground silver-gold mine in Durango; the Herradura and Noche Buena surface gold mines in Sonora; and the San Julian underground silver-gold mine situated on the border of Chihuahua and Durango. Its mining operations involve both underground and open-pit mining methods, depending on the characteristics of each deposit.
Founded
2007
HQ

Employees
18.1K
Website
Sectors
Financials (LTM)
EV
$39B
Fresnillo Financials
Fresnillo reported last 12-month revenue of $5B and EBITDA of $3B.
In the same LTM period, Fresnillo generated $3B in gross profit, $3B in EBITDA, and $2B in net income.
Revenue (LTM)
Fresnillo P&L
In the most recent fiscal year, Fresnillo reported revenue of $3B and EBITDA of $1B.
Fresnillo expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $5B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $1B | XXX | XXX | XXX |
| Gross Margin | 63% | XXX | 36% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $1B | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 41% | XXX | XXX | XXX |
| EBIT Margin | 54% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $2B | XXX | $141M | XXX | XXX | XXX |
| Net Margin | 32% | XXX | 4% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Fresnillo Stock Performance
Fresnillo has current market cap of $40B, and enterprise value of $39B.
Market Cap Evolution
Fresnillo's stock price is $54.56.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $39B | $40B | 0.5% | XXX | XXX | XXX | $0.19 |
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Start Free TrialFresnillo Valuation Multiples
Fresnillo trades at 7.6x EV/Revenue multiple, and 12.0x EV/EBITDA.
EV / Revenue (LTM)
Fresnillo Financial Valuation Multiples
As of April 2, 2026, Fresnillo has market cap of $40B and EV of $39B.
Equity research analysts estimate Fresnillo's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Fresnillo has a P/E ratio of 24.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $40B | XXX | $40B | XXX | XXX | XXX |
| EV (current) | $39B | XXX | $39B | XXX | XXX | XXX |
| EV/Revenue | 7.6x | XXX | 11.2x | XXX | XXX | XXX |
| EV/EBITDA | 12.0x | XXX | 27.3x | XXX | XXX | XXX |
| EV/EBIT | 14.2x | XXX | 42.9x | XXX | XXX | XXX |
| EV/Gross Profit | 12.1x | XXX | 31.5x | XXX | XXX | XXX |
| P/E | 24.4x | XXX | 285.3x | XXX | XXX | XXX |
| EV/FCF | 21.2x | XXX | 42.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Fresnillo 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.


Fresnillo Margins & Growth Rates
Fresnillo's revenue in the last 12 month grew by 28%.
Fresnillo's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Fresnillo's rule of 40 is 112% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Fresnillo's rule of X is 175% (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).
Fresnillo Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 28% | XXX | 33% | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 41% | XXX | XXX | XXX |
| EBITDA Growth | 41% | XXX | 95% | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 112% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 175% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | β | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | β | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 9% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Fresnillo Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Nucor | XXX | XXX | XXX | XXX | XXX | XXX |
| Fortescue | XXX | XXX | XXX | XXX | XXX | XXX |
| Kinross Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Aluminum Corporation of China | XXX | XXX | XXX | XXX | XXX | XXX |
| JSW Steel | 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.
Fresnillo M&A Activity
Fresnillo acquired XXX companies to date.
Last acquisition by Fresnillo was on XXXXXXXX, XXXXX. Fresnillo acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Fresnillo
| 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 TrialFresnillo Investment Activity
Fresnillo invested in XXX companies to date.
Fresnillo made its latest investment on XXXXXXXX, XXXXX. Fresnillo invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Fresnillo
| 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 Fresnillo
| When was Fresnillo founded? | Fresnillo was founded in 2007. |
| Where is Fresnillo headquartered? | Fresnillo is headquartered in Mexico. |
| How many employees does Fresnillo have? | As of today, Fresnillo has over 18K employees. |
| Is Fresnillo publicly listed? | Yes, Fresnillo is a public company listed on London Stock Exchange. |
| What is the stock symbol of Fresnillo? | Fresnillo trades under FRES ticker. |
| When did Fresnillo go public? | Fresnillo went public in 2008. |
| Who are competitors of Fresnillo? | Fresnillo main competitors are Nucor, Fortescue, Kinross Gold, Aluminum Corporation of China. |
| What is the current market cap of Fresnillo? | Fresnillo's current market cap is $40B. |
| What is the current revenue of Fresnillo? | Fresnillo's last 12 months revenue is $5B. |
| What is the current revenue growth of Fresnillo? | Fresnillo revenue growth (NTM/LTM) is 28%. |
| What is the current EV/Revenue multiple of Fresnillo? | Current revenue multiple of Fresnillo is 7.6x. |
| Is Fresnillo profitable? | Yes, Fresnillo is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Fresnillo? | Fresnillo's last 12 months EBITDA is $3B. |
| What is Fresnillo's EBITDA margin? | Fresnillo's last 12 months EBITDA margin is 63%. |
| What is the current EV/EBITDA multiple of Fresnillo? | Current EBITDA multiple of Fresnillo is 12.0x. |
| What is the current FCF of Fresnillo? | Fresnillo's last 12 months FCF is $2B. |
| What is Fresnillo's FCF margin? | Fresnillo's last 12 months FCF margin is 36%. |
| What is the current EV/FCF multiple of Fresnillo? | Current FCF multiple of Fresnillo is 21.2x. |
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