Hillgrove Resources Valuation Multiples

Hillgrove Resources Overview

About Hillgrove Resources

Hillgrove Resources Ltd is a mineral exploration company located in the Adelaide Hills. It has completed open-pit mining at Kanmantoo. The group commenced development of an underground mine and completed the transition to underground copper production. Its Kanmantoo Copper Mine, located in South Australia's Tier 1 mining jurisdiction, has ramped up to an annual copper production rate of approximately 12,000 tonnes. It is also testing the next suite of potential targets. In addition to the Kanmantoo operation, the group currently holds around 100 per cent of a series of Exploration Licenses covering south-east South Australia in the Cambrian-Ordovician Kanmantoo Province. Over 95 per cent of the Kanmantoo Province is covered by the Tertiary Murray Basin, which has limited past exploration.

Founded

1952

HQ

Employees

183

Website

hillgroveresources.com.au

Sectors

Metals & Mining

Financials (LTM)

Revenue: $132M

EBITDA: $29M

EV

$106M

Valuation Multiples

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Hillgrove Resources Financials

Hillgrove Resources reported last 12-month revenue of $132M and EBITDA of $29M.

In the same LTM period, Hillgrove Resources generated $28M in gross profit, $29M in EBITDA, and $9M in net income.

Hillgrove Resources P&L

In the most recent fiscal year, Hillgrove Resources reported revenue of $79M and EBITDA of $15M.

Hillgrove Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX

Hillgrove Resources Stock Performance

Hillgrove Resources has current market cap of $117M, and enterprise value of $106M.

Hillgrove Resources' stock price is $0.03.

Hillgrove Resources Valuation Multiples

Hillgrove Resources trades at 0.8x EV/Revenue multiple, and 3.6x EV/EBITDA.

Hillgrove Resources Financial Valuation Multiples

As of March 24, 2026, Hillgrove Resources has market cap of $117M and EV of $106M.

Equity research analysts estimate Hillgrove Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Hillgrove Resources has a P/E ratio of 12.9x.

Hillgrove Resources Margins & Growth Rates

Hillgrove Resources' revenue in the last 12 month grew by 36%.

Hillgrove Resources' revenue per employee in the last FY averaged $0.7M.

Hillgrove Resources' rule of 40 is 58% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Hillgrove Resources' rule of X is 111% (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).

Hillgrove Resources Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Hillgrove Resources M&A Activity

Hillgrove Resources acquired XXX companies to date.

Last acquisition by Hillgrove Resources was on XXXXXXXX, XXXXX. Hillgrove Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Hillgrove Resources Investment Activity

Hillgrove Resources invested in XXX companies to date.

Hillgrove Resources made its latest investment on XXXXXXXX, XXXXX. Hillgrove Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).