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KGHM Valuation Multiples
Discover revenue and EBITDA valuation multiples for KGHM and similar public comparables like Cerro Verde, Nippon Steel, Zhejiang Huayou Cobalt, POSCO Holdings and more.
KGHM Overview
About KGHM
KGHM Polska Miedz SA engages in copper ore mining and copper production predominantly in South-Western Poland. The company also produces precious metals such as silver, which is typically used for coins, jewelry, photography products, and industrial purposes. The bulk of group revenue is generated through copper sales, and the remainder is through sales of silver, while a minor portion is generated through the production of gold, salt, and casting of light metals. The materials are sold domestically, and exported to Germany, China, the U.S., the United Kingdom, and the Czech Republic, among many other European nations.
Founded
1961
HQ
Employees
34.5K
Website
Sectors
Financials (LTM)
EV
$21B
KGHM Financials
KGHM reported last 12-month revenue of $11B and EBITDA of $3B.
In the same LTM period, KGHM generated $3B in EBITDA and $1B in net income.
Revenue (LTM)
KGHM P&L
In the most recent fiscal year, KGHM reported revenue of $10B and EBITDA of $3B.
KGHM expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $11B | XXX | $10B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $2B | XXX | XXX | XXX |
| Gross Margin | — | XXX | 17% | XXX | XXX | XXX |
| EBITDA | $3B | XXX | $3B | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 27% | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 12% | XXX | XXX | XXX |
| Net Profit | $1B | XXX | $1B | XXX | XXX | XXX |
| Net Margin | 11% | XXX | 10% | XXX | XXX | XXX |
| Net Debt | — | — | $1B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
KGHM Stock Performance
KGHM has current market cap of $19B, and enterprise value of $21B.
Market Cap Evolution
KGHM's stock price is $95.15.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $21B | $19B | 0.1% | XXX | XXX | XXX | $5.13 |
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Start Free TrialKGHM Valuation Multiples
KGHM trades at 1.8x EV/Revenue multiple, and 6.3x EV/EBITDA.
EV / Revenue (LTM)
KGHM Financial Valuation Multiples
As of April 19, 2026, KGHM has market cap of $19B and EV of $21B.
Equity research analysts estimate KGHM's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
KGHM has a P/E ratio of 16.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $19B | XXX | $19B | XXX | XXX | XXX |
| EV (current) | $21B | XXX | $21B | XXX | XXX | XXX |
| EV/Revenue | 1.8x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBITDA | 6.3x | XXX | 7.4x | XXX | XXX | XXX |
| EV/EBIT | 11.6x | XXX | 16.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 11.8x | XXX | XXX | XXX |
| P/E | 16.1x | XXX | 18.5x | XXX | XXX | XXX |
| EV/FCF | 35.1x | XXX | 42.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified KGHM 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.
KGHM Margins & Growth Rates
KGHM's revenue in the last 12 month grew by 22%.
KGHM's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.0M for the same period.
KGHM's rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
KGHM's rule of X is 117% (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).
KGHM Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 22% | XXX | 34% | XXX | XXX | XXX |
| EBITDA Margin | 29% | XXX | 27% | XXX | XXX | XXX |
| EBITDA Growth | 32% | XXX | 56% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 66% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 117% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 5% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
KGHM Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| KGHM | XXX | XXX | XXX | XXX | XXX | XXX |
| Cerro Verde | XXX | XXX | XXX | XXX | XXX | XXX |
| Nippon Steel | XXX | XXX | XXX | XXX | XXX | XXX |
| Zhejiang Huayou Cobalt | XXX | XXX | XXX | XXX | XXX | XXX |
| POSCO Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Evolution Mining | 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.
KGHM M&A Activity
KGHM acquired XXX companies to date.
Last acquisition by KGHM was on XXXXXXXX, XXXXX. KGHM acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by KGHM
| 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 TrialKGHM Investment Activity
KGHM invested in XXX companies to date.
KGHM made its latest investment on XXXXXXXX, XXXXX. KGHM invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by KGHM
| 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 KGHM
| When was KGHM founded? | KGHM was founded in 1961. |
| Where is KGHM headquartered? | KGHM is headquartered in Poland. |
| How many employees does KGHM have? | As of today, KGHM has over 34K employees. |
| Is KGHM publicly listed? | Yes, KGHM is a public company listed on Warsaw Stock Exchange. |
| What is the stock symbol of KGHM? | KGHM trades under KGH ticker. |
| When did KGHM go public? | KGHM went public in 1997. |
| Who are competitors of KGHM? | KGHM main competitors are Cerro Verde, Nippon Steel, Zhejiang Huayou Cobalt, POSCO Holdings. |
| What is the current market cap of KGHM? | KGHM's current market cap is $19B. |
| What is the current revenue of KGHM? | KGHM's last 12 months revenue is $11B. |
| What is the current revenue growth of KGHM? | KGHM revenue growth (NTM/LTM) is 22%. |
| What is the current EV/Revenue multiple of KGHM? | Current revenue multiple of KGHM is 1.8x. |
| Is KGHM profitable? | Yes, KGHM is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of KGHM? | KGHM's last 12 months EBITDA is $3B. |
| What is KGHM's EBITDA margin? | KGHM's last 12 months EBITDA margin is 29%. |
| What is the current EV/EBITDA multiple of KGHM? | Current EBITDA multiple of KGHM is 6.3x. |
| What is the current FCF of KGHM? | KGHM's last 12 months FCF is $585M. |
| What is KGHM's FCF margin? | KGHM's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of KGHM? | Current FCF multiple of KGHM is 35.1x. |
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