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Northern Star Resources Valuation Multiples

Discover revenue and EBITDA valuation multiples for Northern Star Resources and similar public comparables like Amman Mineral Internasion, Shaanxi Coal Industry, Vedanta, Shandong Gold Mining and more.

Northern Star Resources Overview

About Northern Star Resources

Northern Star is an Australia-based midtier global gold miner that sold around 1.6 million ounces of gold in fiscal 2025 from its three wholly owned mining operations in Australia and Alaska. Its operations are the result of significant merger and acquisition activity including 14 acquisitions and four asset sales since 2010. It had roughly a decade of reserves at the end of fiscal 2025.


Founded

2000

HQ

Australia

Employees

8.7K

Website

nsrltd.com

Financials (LTM)

Revenue: $5B
EBITDA: $3B

EV

$32B

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Northern Star Resources Financials

Northern Star Resources reported last 12-month revenue of $5B and EBITDA of $3B.

In the same LTM period, Northern Star Resources generated $3B in gross profit, $3B in EBITDA, and $1B in net income.

Revenue (LTM)


Northern Star Resources P&L

In the most recent fiscal year, Northern Star Resources reported revenue of $4B and EBITDA of $2B.

Northern Star Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX

See Northern Star Resources forward-looking valuation multiples
LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue$5BXXX$4BXXXXXXXXX
Gross Profit$3BXXX$3BXXXXXXXXX
Gross Margin52%XXX57%XXXXXXXXX
EBITDA$3BXXX$2BXXXXXXXXX
EBITDA Margin52%XXX54%XXXXXXXXX
EBIT Margin33%XXX31%XXXXXXXXX
Net Profit$1BXXX$927MXXXXXXXXX
Net Margin22%XXX21%XXXXXXXXX

Financial data powered by Morningstar, Inc.

Northern Star Resources Stock Performance

Northern Star Resources has current market cap of $31B, and enterprise value of $32B.

Market Cap Evolution


Northern Star Resources' stock price is $21.96.

See Northern Star Resources trading valuation data
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$32B$31B1.1%XXXXXXXXX$0.65

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Northern Star Resources Valuation Multiples

Northern Star Resources trades at 6.3x EV/Revenue multiple, and 12.2x EV/EBITDA.

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EV / Revenue (LTM)


Northern Star Resources Financial Valuation Multiples

As of April 2, 2026, Northern Star Resources has market cap of $31B and EV of $32B.

Equity research analysts estimate Northern Star Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Northern Star Resources has a P/E ratio of 28.0x.

LTMNTMLast FYFY 2026FY 2027FY 2028
Market cap (current)$31BXXX$31BXXXXXXXXX
EV (current)$32BXXX$32BXXXXXXXXX
EV/Revenue6.3xXXX7.2xXXXXXXXXX
EV/EBITDA12.2xXXX13.5xXXXXXXXXX
EV/EBIT19.4xXXX23.3xXXXXXXXXX
EV/Gross Profit12.1xXXX12.8xXXXXXXXXX
P/E28.0xXXX33.9xXXXXXXXXX
EV/FCF215.1xXXX70.5xXXXXXXXXX

Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Northern Star Resources Valuation Multiples

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Northern Star Resources Margins & Growth Rates

Northern Star Resources' revenue in the last 12 month grew by 38%.

Northern Star Resources' revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.1M for the same period.

Northern Star Resources' rule of 40 is 86% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Northern Star Resources' rule of X is 132% (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).

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Northern Star Resources Operational Valuation Multiples

LTMNTMLast FYFY 2026FY 2027FY 2028
Revenue Growth38%XXX21%XXXXXXXXX
EBITDA Margin52%XXX54%XXXXXXXXX
EBITDA Growth48%XXX16%XXXXXXXXX
Rule of 40—XXX86%XXXXXXXXX
Bessemer Rule of X—XXX132%XXXXXXXXX
Revenue per Employee—XXX$0.5MXXXXXXXXX
Opex per Employee—XXX$0.1MXXXXXXXXX
G&A Expenses to Revenue3%XXX2%XXXXXXXXX
Opex to Revenue—XXX26%XXXXXXXXX

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Valuation Multiples Across 230+ Verticals

Northern Star Resources Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

EV/RevenueEV/EBITDA
LTM2026E2027ELTM2026E2027E
Amman Mineral InternasionXXXXXXXXXXXXXXXXXX
Shaanxi Coal IndustryXXXXXXXXXXXXXXXXXX
VedantaXXXXXXXXXXXXXXXXXX
Shandong Gold MiningXXXXXXXXXXXXXXXXXX
JSW SteelXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXX

Valuation data powered by FactSet, Inc.

Northern Star Resources M&A Activity

Northern Star Resources acquired XXX companies to date.

Last acquisition by Northern Star Resources was on XXXXXXXX, XXXXX. Northern Star Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Acquisitions by Northern Star Resources

Acquired CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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Northern Star Resources Investment Activity

Northern Star Resources invested in XXX companies to date.

Northern Star Resources made its latest investment on XXXXXXXX, XXXXX. Northern Star Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).

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Latest Investments by Northern Star Resources

CompanyValuationEV/RevenueEV/EBITDA
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXX

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About Northern Star Resources

When was Northern Star Resources founded?Northern Star Resources was founded in 2000.
Where is Northern Star Resources headquartered?Northern Star Resources is headquartered in Australia.
How many employees does Northern Star Resources have?As of today, Northern Star Resources has over 8K employees.
Who is the CEO of Northern Star Resources?Northern Star Resources' CEO is Stuart Tonkin.
Is Northern Star Resources publicly listed?Yes, Northern Star Resources is a public company listed on Australian Securities Exchange.
What is the stock symbol of Northern Star Resources?Northern Star Resources trades under NST ticker.
When did Northern Star Resources go public?Northern Star Resources went public in 2003.
Who are competitors of Northern Star Resources?Northern Star Resources main competitors are Amman Mineral Internasion, Shaanxi Coal Industry, Vedanta, Shandong Gold Mining.
What is the current market cap of Northern Star Resources?Northern Star Resources' current market cap is $31B.
What is the current revenue of Northern Star Resources?Northern Star Resources' last 12 months revenue is $5B.
What is the current revenue growth of Northern Star Resources?Northern Star Resources revenue growth (NTM/LTM) is 38%.
What is the current EV/Revenue multiple of Northern Star Resources?Current revenue multiple of Northern Star Resources is 6.3x.
Is Northern Star Resources profitable?Yes, Northern Star Resources is EBITDA-positive (as of the last 12 months).
What is the current EBITDA of Northern Star Resources?Northern Star Resources' last 12 months EBITDA is $3B.
What is Northern Star Resources' EBITDA margin?Northern Star Resources' last 12 months EBITDA margin is 52%.
What is the current EV/EBITDA multiple of Northern Star Resources?Current EBITDA multiple of Northern Star Resources is 12.2x.
What is the current FCF of Northern Star Resources?Northern Star Resources' last 12 months FCF is $149M.
What is Northern Star Resources' FCF margin?Northern Star Resources' last 12 months FCF margin is 3%.
What is the current EV/FCF multiple of Northern Star Resources?Current FCF multiple of Northern Star Resources is 215.1x.

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