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Implats Valuation Multiples
Discover revenue and EBITDA valuation multiples for Implats and similar public comparables like Severstal, Norsk Hydro, KGHM, Coeur Mining and more.
Implats Overview
About Implats
Impala Platinum Holdings Ltd is one of the producers of platinum and associated platinum group metals, including palladium and rhodium. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and platinum-group-metal-bearing ore bodies in the world.
Founded
1957
HQ

Employees
66.0K
Website
Sectors
Financials (LTM)
EV
$18B
Implats Financials
Implats reported last 12-month revenue of $7B and EBITDA of $2B.
In the same LTM period, Implats generated $3B in gross profit, $2B in EBITDA, and $1B in net income.
Implats P&L
In the most recent fiscal year, Implats reported revenue of $5B and EBITDA of $586M.
Implats expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $7B | XXX | $5B | XXX | XXX | XXX |
| Gross Profit | $3B | XXX | $143M | XXX | XXX | XXX |
| Gross Margin | 37% | XXX | 3% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $586M | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 12% | XXX | XXX | XXX |
| EBIT Margin | 25% | XXX | 3% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $44M | XXX | XXX | XXX |
| Net Margin | 18% | XXX | 1% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Implats Stock Performance
Implats has current market cap of $18B, and enterprise value of $18B.
Implats' stock price is $20.13.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $18B | $18B | — | XXX | XXX | XXX | $0.05 |
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Start Free TrialImplats Valuation Multiples
Implats trades at 2.4x EV/Revenue multiple, and 7.7x EV/EBITDA.
Implats Financial Valuation Multiples
As of March 29, 2026, Implats has market cap of $18B and EV of $18B.
Equity research analysts estimate Implats' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Implats has a P/E ratio of 14.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV (current) | $18B | XXX | $18B | XXX | XXX | XXX |
| EV/Revenue | 2.4x | XXX | 3.5x | XXX | XXX | XXX |
| EV/EBITDA | 7.7x | XXX | 30.0x | XXX | XXX | XXX |
| EV/EBIT | 9.9x | XXX | 126.0x | XXX | XXX | XXX |
| EV/Gross Profit | 6.6x | XXX | 123.2x | XXX | XXX | XXX |
| P/E | 14.1x | XXX | 405.8x | XXX | XXX | XXX |
| EV/FCF | 15.7x | XXX | 132.3x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Implats 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.


Implats Margins & Growth Rates
Implats' revenue in the last 12 month grew by 35%.
Implats' revenue per employee in the last FY averaged $0.1M.
Implats' rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Implats' rule of X is 118% (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).
Implats Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 35% | XXX | 61% | XXX | XXX | XXX |
| EBITDA Margin | 32% | XXX | 12% | XXX | XXX | XXX |
| EBITDA Growth | 72% | XXX | 390% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 66% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 118% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 0% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Implats Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Severstal | XXX | XXX | XXX | XXX | XXX | XXX |
| Norsk Hydro | XXX | XXX | XXX | XXX | XXX | XXX |
| KGHM | XXX | XXX | XXX | XXX | XXX | XXX |
| Coeur Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance | 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.
Implats M&A Activity
Implats acquired XXX companies to date.
Last acquisition by Implats was on XXXXXXXX, XXXXX. Implats acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Implats
| 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 |
Get Verified M&A Valuation Multiples
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Start Free TrialImplats Investment Activity
Implats invested in XXX companies to date.
Implats made its latest investment on XXXXXXXX, XXXXX. Implats invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Implats
| 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 Implats
| When was Implats founded? | Implats was founded in 1957. |
| Where is Implats headquartered? | Implats is headquartered in South Africa. |
| How many employees does Implats have? | As of today, Implats has over 66K employees. |
| Is Implats publicly listed? | Yes, Implats is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Implats? | Implats trades under IMP ticker. |
| When did Implats go public? | Implats went public in 1973. |
| Who are competitors of Implats? | Implats main competitors are Severstal, Norsk Hydro, KGHM, Coeur Mining. |
| What is the current market cap of Implats? | Implats' current market cap is $18B. |
| What is the current revenue of Implats? | Implats' last 12 months revenue is $7B. |
| What is the current revenue growth of Implats? | Implats revenue growth (NTM/LTM) is 35%. |
| What is the current EV/Revenue multiple of Implats? | Current revenue multiple of Implats is 2.4x. |
| Is Implats profitable? | Yes, Implats is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Implats? | Implats' last 12 months EBITDA is $2B. |
| What is Implats' EBITDA margin? | Implats' last 12 months EBITDA margin is 32%. |
| What is the current EV/EBITDA multiple of Implats? | Current EBITDA multiple of Implats is 7.7x. |
| What is the current FCF of Implats? | Implats' last 12 months FCF is $1B. |
| What is Implats' FCF margin? | Implats' last 12 months FCF margin is 16%. |
| What is the current EV/FCF multiple of Implats? | Current FCF multiple of Implats is 15.7x. |
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