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Merdeka Gold Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for Merdeka Gold Resources and similar public comparables like Kumba Iron Ore, Greatland Resources, Jiaxin International Res, Eldorado Gold and more.
Merdeka Gold Resources Overview
About Merdeka Gold Resources
PT Merdeka Gold Resources Tbk is currently carries out business activities as a holding company for a business group engaged in gold mining and related minerals, processing and other vertically integrated business activities. The Company Group's Pani Gold Project will be a multi-decade mine with a processing capacity of up to 19 million tonnes per year. Peak gold production is expected to reach 500,000 ounces per year, positioning the Pani Gold Project as one of the largest gold mines in Indonesia and the Asia Pacific region.
Founded
2015
HQ
Employees
253
Website
Sectors
Financials (LTM)
EV
$7B
Merdeka Gold Resources Financials
Merdeka Gold Resources reported last 12-month revenue of $114M and EBITDA of $72M.
In the same LTM period, Merdeka Gold Resources generated $65M in gross profit, $72M in EBITDA, and $31M in net income.
Revenue (LTM)
Merdeka Gold Resources P&L
In the most recent fiscal year, Merdeka Gold Resources reported revenue of $7M and EBITDA of $2M.
Merdeka Gold Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $114M | XXX | $7M | XXX | XXX | XXX |
| Gross Profit | $65M | XXX | ($146K) | XXX | XXX | XXX |
| Gross Margin | 57% | XXX | (2%) | XXX | XXX | XXX |
| EBITDA | $72M | XXX | $2M | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 23% | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | (136%) | XXX | XXX | XXX |
| Net Profit | $31M | XXX | ($26M) | XXX | XXX | XXX |
| Net Margin | 27% | XXX | (368%) | XXX | XXX | XXX |
| Net Debt | — | — | $215M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Merdeka Gold Resources Stock Performance
Merdeka Gold Resources has current market cap of $7B, and enterprise value of $7B.
Market Cap Evolution
Merdeka Gold Resources' stock price is $0.47.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $7B | $7B | -0.1% | XXX | XXX | XXX | $-0.00 |
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Start Free TrialMerdeka Gold Resources Valuation Multiples
Merdeka Gold Resources trades at 61.2x EV/Revenue multiple, and 97.4x EV/EBITDA.
EV / Revenue (LTM)
Merdeka Gold Resources Financial Valuation Multiples
As of April 8, 2026, Merdeka Gold Resources has market cap of $7B and EV of $7B.
Equity research analysts estimate Merdeka Gold Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Merdeka Gold Resources has a P/E ratio of 222.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV (current) | $7B | XXX | $7B | XXX | XXX | XXX |
| EV/Revenue | 61.2x | XXX | 984.2x | XXX | XXX | XXX |
| EV/EBITDA | 97.4x | XXX | 4268.2x | XXX | XXX | XXX |
| EV/EBIT | 124.6x | XXX | (726.3x) | XXX | XXX | XXX |
| EV/Gross Profit | 108.2x | XXX | (47916.7x) | XXX | XXX | XXX |
| P/E | 222.0x | XXX | (262.0x) | XXX | XXX | XXX |
| EV/FCF | (54.4x) | XXX | (34.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Merdeka Gold Resources 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.
Merdeka Gold Resources Margins & Growth Rates
Merdeka Gold Resources' revenue in the last 12 month grew by 276%.
Merdeka Gold Resources' revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.
Merdeka Gold Resources' rule of 40 is 311139% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Merdeka Gold Resources' rule of X is 777750% (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).
Merdeka Gold Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 276% | XXX | 5677% | XXX | XXX | XXX |
| EBITDA Margin | 63% | XXX | 23% | XXX | XXX | XXX |
| EBITDA Growth | 287% | XXX | 16113% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 311139% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 777750% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 130% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 133% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Merdeka Gold Resources Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Kumba Iron Ore | XXX | XXX | XXX | XXX | XXX | XXX |
| Greatland Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Jiaxin International Res | XXX | XXX | XXX | XXX | XXX | XXX |
| Eldorado Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| Sandfire Resources | 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.
Merdeka Gold Resources M&A Activity
Merdeka Gold Resources acquired XXX companies to date.
Last acquisition by Merdeka Gold Resources was on XXXXXXXX, XXXXX. Merdeka Gold Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Merdeka Gold Resources
| 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 TrialMerdeka Gold Resources Investment Activity
Merdeka Gold Resources invested in XXX companies to date.
Merdeka Gold Resources made its latest investment on XXXXXXXX, XXXXX. Merdeka Gold Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Merdeka Gold Resources
| 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 Merdeka Gold Resources
| When was Merdeka Gold Resources founded? | Merdeka Gold Resources was founded in 2015. |
| Where is Merdeka Gold Resources headquartered? | Merdeka Gold Resources is headquartered in Indonesia. |
| How many employees does Merdeka Gold Resources have? | As of today, Merdeka Gold Resources has over 253 employees. |
| Is Merdeka Gold Resources publicly listed? | Yes, Merdeka Gold Resources is a public company listed on Indonesia Stock Exchange. |
| What is the stock symbol of Merdeka Gold Resources? | Merdeka Gold Resources trades under EMAS ticker. |
| When did Merdeka Gold Resources go public? | Merdeka Gold Resources went public in 2025. |
| Who are competitors of Merdeka Gold Resources? | Merdeka Gold Resources main competitors are Kumba Iron Ore, Greatland Resources, Jiaxin International Res, Eldorado Gold. |
| What is the current market cap of Merdeka Gold Resources? | Merdeka Gold Resources' current market cap is $7B. |
| What is the current revenue of Merdeka Gold Resources? | Merdeka Gold Resources' last 12 months revenue is $114M. |
| What is the current revenue growth of Merdeka Gold Resources? | Merdeka Gold Resources revenue growth (NTM/LTM) is 276%. |
| What is the current EV/Revenue multiple of Merdeka Gold Resources? | Current revenue multiple of Merdeka Gold Resources is 61.2x. |
| Is Merdeka Gold Resources profitable? | Yes, Merdeka Gold Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Merdeka Gold Resources? | Merdeka Gold Resources' last 12 months EBITDA is $72M. |
| What is Merdeka Gold Resources' EBITDA margin? | Merdeka Gold Resources' last 12 months EBITDA margin is 63%. |
| What is the current EV/EBITDA multiple of Merdeka Gold Resources? | Current EBITDA multiple of Merdeka Gold Resources is 97.4x. |
| What is the current FCF of Merdeka Gold Resources? | Merdeka Gold Resources' last 12 months FCF is ($128M). |
| What is Merdeka Gold Resources' FCF margin? | Merdeka Gold Resources' last 12 months FCF margin is (112%). |
| What is the current EV/FCF multiple of Merdeka Gold Resources? | Current FCF multiple of Merdeka Gold Resources is (54.4x). |
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