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Northern Minerals Valuation Multiples
Discover revenue and EBITDA valuation multiples for Northern Minerals and similar public comparables like Cyprium Metals, Horizon Minerals, Orion Minerals, Viridis Mining and more.
Northern Minerals Overview
About Northern Minerals
Northern Minerals Ltd is a mineral exploration company. It is engaged in the exploration and producer of the heavy rare earth, dysprosium outside of China. The company's portfolio consists of three projects, the Browns Range and John Galt projects in Western Australia, and the Boulder Ridge Project located in the Northern Territory.
Founded
2006
HQ

Employees
N/A
Website
Sectors
Financials (LTM)
EV
$202M
Northern Minerals Financials
Northern Minerals reported last 12-month revenue of $461K and negative EBITDA of ($15M).
In the same LTM period, Northern Minerals generated $461K in gross profit, ($15M) in EBITDA losses, and had net loss of ($15M).
Revenue (LTM)
Northern Minerals P&L
In the most recent fiscal year, Northern Minerals reported revenue of $5K and EBITDA of ($14M).
Northern Minerals expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $461K | XXX | $5K | XXX | XXX | XXX |
| Gross Profit | $461K | XXX | $5K | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 100% | XXX | XXX | XXX |
| EBITDA | ($15M) | XXX | ($14M) | XXX | XXX | XXX |
| EBITDA Margin | (3358%) | XXX | (310379%) | XXX | XXX | XXX |
| EBIT Margin | (3441%) | XXX | (340150%) | XXX | XXX | XXX |
| Net Profit | ($15M) | XXX | ($16M) | XXX | XXX | XXX |
| Net Margin | (3267%) | XXX | (340911%) | XXX | XXX | XXX |
| Net Debt | — | — | $1M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Northern Minerals Stock Performance
Northern Minerals has current market cap of $207M, and enterprise value of $202M.
Market Cap Evolution
Northern Minerals' stock price is $0.02.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $202M | $207M | -0.5% | XXX | XXX | XXX | $-0.00 |
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Start Free TrialNorthern Minerals Valuation Multiples
Northern Minerals trades at 437.0x EV/Revenue multiple, and (13.0x) EV/EBITDA.
EV / Revenue (LTM)
Northern Minerals Financial Valuation Multiples
As of March 24, 2026, Northern Minerals has market cap of $207M and EV of $202M.
Equity research analysts estimate Northern Minerals' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Northern Minerals has a P/E ratio of (13.8x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $207M | XXX | $207M | XXX | XXX | XXX |
| EV (current) | $202M | XXX | $202M | XXX | XXX | XXX |
| EV/Revenue | 437.0x | XXX | 43981.6x | XXX | XXX | XXX |
| EV/EBITDA | (13.0x) | XXX | (14.2x) | XXX | XXX | XXX |
| EV/EBIT | (12.7x) | XXX | (12.9x) | XXX | XXX | XXX |
| EV/Gross Profit | 437.0x | XXX | 43981.6x | XXX | XXX | XXX |
| P/E | (13.8x) | XXX | (13.3x) | XXX | XXX | XXX |
| EV/FCF | (13.5x) | XXX | (20.2x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Northern Minerals 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.


Northern Minerals Margins & Growth Rates
Northern Minerals' revenue in the last 12 month declined by (100%).
Northern Minerals' rule of 40 is (3458%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Northern Minerals' rule of X is (3608%) (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).
Northern Minerals Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (100%) | XXX | 37388% | XXX | XXX | XXX |
| EBITDA Margin | (3358%) | XXX | (310379%) | XXX | XXX | XXX |
| EBITDA Growth | (31%) | XXX | 20% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | (3458%) | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | (3608%) | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 83262% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 340250% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Northern Minerals Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Cyprium Metals | XXX | XXX | XXX | XXX | XXX | XXX |
| Horizon Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Orion Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Viridis Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Fenix 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.
Northern Minerals M&A Activity
Northern Minerals acquired XXX companies to date.
Last acquisition by Northern Minerals was on XXXXXXXX, XXXXX. Northern Minerals acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Northern Minerals
| 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 TrialNorthern Minerals Investment Activity
Northern Minerals invested in XXX companies to date.
Northern Minerals made its latest investment on XXXXXXXX, XXXXX. Northern Minerals invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Northern Minerals
| 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 Northern Minerals
| When was Northern Minerals founded? | Northern Minerals was founded in 2006. |
| Where is Northern Minerals headquartered? | Northern Minerals is headquartered in Australia. |
| Is Northern Minerals publicly listed? | Yes, Northern Minerals is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Northern Minerals? | Northern Minerals trades under NTU ticker. |
| When did Northern Minerals go public? | Northern Minerals went public in 2006. |
| Who are competitors of Northern Minerals? | Northern Minerals main competitors are Cyprium Metals, Horizon Minerals, Orion Minerals, Viridis Mining. |
| What is the current market cap of Northern Minerals? | Northern Minerals' current market cap is $207M. |
| What is the current revenue of Northern Minerals? | Northern Minerals' last 12 months revenue is $461K. |
| What is the current revenue growth of Northern Minerals? | Northern Minerals revenue growth (NTM/LTM) is (100%). |
| What is the current EV/Revenue multiple of Northern Minerals? | Current revenue multiple of Northern Minerals is 437.0x. |
| Is Northern Minerals profitable? | No, Northern Minerals is not profitable. |
| What is the current EBITDA of Northern Minerals? | Northern Minerals has negative EBITDA and is not profitable. |
| What is Northern Minerals' EBITDA margin? | Northern Minerals' last 12 months EBITDA margin is (3358%). |
| What is the current EV/EBITDA multiple of Northern Minerals? | Current EBITDA multiple of Northern Minerals is (13.0x). |
| What is the current FCF of Northern Minerals? | Northern Minerals' last 12 months FCF is ($15M). |
| What is Northern Minerals' FCF margin? | Northern Minerals' last 12 months FCF margin is (3225%). |
| What is the current EV/FCF multiple of Northern Minerals? | Current FCF multiple of Northern Minerals is (13.5x). |
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