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Metals X Valuation Multiples
Discover revenue and EBITDA valuation multiples for Metals X and similar public comparables like Ferroglobe, WA1 Resources, Arafura Rare Earths, El Brocal and more.
Metals X Overview
About Metals X
Metals X Ltd is an Australian mining company. The company is engaged exploration and development of base metals projects in Australia. Its project includes the Renison Tin operation through its stake in the Bluestone Mines Tasmania Joint Venture, and others.
Founded
2004
HQ
Employees
175
Website
Sectors
Financials (LTM)
EV
$785M
Metals X Financials
Metals X reported last 12-month revenue of $214M and EBITDA of $116M.
In the same LTM period, Metals X generated $117M in gross profit, $116M in EBITDA, and $81M in net income.
Revenue (LTM)
Metals X P&L
In the most recent fiscal year, Metals X reported revenue of $153M and EBITDA of $91M.
Metals X expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $214M | XXX | $153M | XXX | XXX | XXX |
| Gross Profit | $117M | XXX | $73M | XXX | XXX | XXX |
| Gross Margin | 55% | XXX | 48% | XXX | XXX | XXX |
| EBITDA | $116M | XXX | $91M | XXX | XXX | XXX |
| EBITDA Margin | 54% | XXX | 59% | XXX | XXX | XXX |
| EBIT Margin | 49% | XXX | 40% | XXX | XXX | XXX |
| Net Profit | $81M | XXX | $72M | XXX | XXX | XXX |
| Net Margin | 38% | XXX | 47% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Metals X Stock Performance
Metals X has current market cap of $944M, and enterprise value of $785M.
Market Cap Evolution
Metals X's stock price is $1.07.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $785M | $944M | -0.5% | XXX | XXX | XXX | $0.08 |
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Start Free TrialMetals X Valuation Multiples
Metals X trades at 3.7x EV/Revenue multiple, and 6.8x EV/EBITDA.
EV / Revenue (LTM)
Metals X Financial Valuation Multiples
As of March 24, 2026, Metals X has market cap of $944M and EV of $785M.
Equity research analysts estimate Metals X's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Metals X has a P/E ratio of 11.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $944M | XXX | $944M | XXX | XXX | XXX |
| EV (current) | $785M | XXX | $785M | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 5.1x | XXX | XXX | XXX |
| EV/EBITDA | 6.8x | XXX | 8.6x | XXX | XXX | XXX |
| EV/EBIT | 7.5x | XXX | 12.9x | XXX | XXX | XXX |
| EV/Gross Profit | 6.7x | XXX | 10.7x | XXX | XXX | XXX |
| P/E | 11.7x | XXX | 13.2x | XXX | XXX | XXX |
| EV/FCF | 11.0x | XXX | 10.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Metals X 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.
Metals X Margins & Growth Rates
Metals X's revenue in the last 12 month grew by 12%.
Metals X's revenue per employee in the last FY averaged $1.2M.
Metals X's rule of 40 is 66% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Metals X's rule of X is 84% (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).
Metals X Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 12% | XXX | 32% | XXX | XXX | XXX |
| EBITDA Margin | 54% | XXX | 59% | XXX | XXX | XXX |
| EBITDA Growth | 15% | XXX | 19% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 66% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 84% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Metals X Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ferroglobe | XXX | XXX | XXX | XXX | XXX | XXX |
| WA1 Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Arafura Rare Earths | XXX | XXX | XXX | XXX | XXX | XXX |
| El Brocal | XXX | XXX | XXX | XXX | XXX | XXX |
| Brazilian Rare Earths | 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.
Metals X M&A Activity
Metals X acquired XXX companies to date.
Last acquisition by Metals X was on XXXXXXXX, XXXXX. Metals X acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Metals X
| 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 TrialMetals X Investment Activity
Metals X invested in XXX companies to date.
Metals X made its latest investment on XXXXXXXX, XXXXX. Metals X invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Metals X
| 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 Metals X
| When was Metals X founded? | Metals X was founded in 2004. |
| Where is Metals X headquartered? | Metals X is headquartered in Australia. |
| How many employees does Metals X have? | As of today, Metals X has over 175 employees. |
| Is Metals X publicly listed? | Yes, Metals X is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Metals X? | Metals X trades under MLX ticker. |
| When did Metals X go public? | Metals X went public in 2004. |
| Who are competitors of Metals X? | Metals X main competitors are Ferroglobe, WA1 Resources, Arafura Rare Earths, El Brocal. |
| What is the current market cap of Metals X? | Metals X's current market cap is $944M. |
| What is the current revenue of Metals X? | Metals X's last 12 months revenue is $214M. |
| What is the current revenue growth of Metals X? | Metals X revenue growth (NTM/LTM) is 12%. |
| What is the current EV/Revenue multiple of Metals X? | Current revenue multiple of Metals X is 3.7x. |
| Is Metals X profitable? | Yes, Metals X is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Metals X? | Metals X's last 12 months EBITDA is $116M. |
| What is Metals X's EBITDA margin? | Metals X's last 12 months EBITDA margin is 54%. |
| What is the current EV/EBITDA multiple of Metals X? | Current EBITDA multiple of Metals X is 6.8x. |
| What is the current FCF of Metals X? | Metals X's last 12 months FCF is $72M. |
| What is Metals X's FCF margin? | Metals X's last 12 months FCF margin is 34%. |
| What is the current EV/FCF multiple of Metals X? | Current FCF multiple of Metals X is 11.0x. |
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