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Pan African Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for Pan African Resources and similar public comparables like Danieli & C. Officine, Evolution Metals & Technologies, Hycroft Mining Holding, Erdemir and more.
Pan African Resources Overview
About Pan African Resources
Pan African Resources PLC is engaged in gold mining and exploration activities. The group owns and operates a portfolio of projects located in South Africa, Australia, and an exploration project in Sudan. Its project portfolio comprises Fairview Mine, Sheba and Consort Mines, BTRP, Elikhulu, MTR, Evander Mines, and Tennant Mines. The group's reporting segments are: Mining operations and Other operations. Maximum revenue is generated from the Mining operations segment, which generates revenue from mining, extraction, production, and the sale of gold. The Other operations segment represents its exploration assets in Sudan, Agricultural ESG projects, and other activities. Geographically, the group generates maximum revenue from South Africa, followed by Australia, and UK and Europe.
Founded
2000
HQ

Employees
2.5K
Website
Sectors
Financials (LTM)
EV
$5B
Pan African Resources Financials
Pan African Resources reported last 12-month revenue of $1B and EBITDA of $627M.
In the same LTM period, Pan African Resources generated $589M in gross profit, $627M in EBITDA, and $401M in net income.
Pan African Resources P&L
In the most recent fiscal year, Pan African Resources reported revenue of $540M and EBITDA of $250M.
Pan African Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $1B | XXX | $540M | XXX | XXX | XXX |
| Gross Profit | $589M | XXX | $226M | XXX | XXX | XXX |
| Gross Margin | 58% | XXX | 42% | XXX | XXX | XXX |
| EBITDA | $627M | XXX | $250M | XXX | XXX | XXX |
| EBITDA Margin | 61% | XXX | 46% | XXX | XXX | XXX |
| EBIT Margin | 52% | XXX | 37% | XXX | XXX | XXX |
| Net Profit | $401M | XXX | $142M | XXX | XXX | XXX |
| Net Margin | 39% | XXX | 26% | XXX | XXX | XXX |
| Net Debt | — | — | $140M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Pan African Resources Stock Performance
Pan African Resources has current market cap of $5B, and enterprise value of $5B.
Pan African Resources' stock price is $2.31.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $5B | $5B | — | XXX | XXX | XXX | $0.07 |
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Start Free TrialPan African Resources Valuation Multiples
Pan African Resources trades at 4.6x EV/Revenue multiple, and 7.5x EV/EBITDA.
Pan African Resources Financial Valuation Multiples
As of March 29, 2026, Pan African Resources has market cap of $5B and EV of $5B.
Equity research analysts estimate Pan African Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Pan African Resources has a P/E ratio of 11.7x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV (current) | $5B | XXX | $5B | XXX | XXX | XXX |
| EV/Revenue | 4.6x | XXX | 8.8x | XXX | XXX | XXX |
| EV/EBITDA | 7.5x | XXX | 19.0x | XXX | XXX | XXX |
| EV/EBIT | 8.9x | XXX | 23.4x | XXX | XXX | XXX |
| EV/Gross Profit | 8.0x | XXX | 21.0x | XXX | XXX | XXX |
| P/E | 11.7x | XXX | 33.1x | XXX | XXX | XXX |
| EV/FCF | 12.9x | XXX | 51.6x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Pan African 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.


Pan African Resources Margins & Growth Rates
Pan African Resources' revenue in the last 12 month grew by 30%.
Pan African Resources' revenue per employee in the last FY averaged $0.4M.
Pan African Resources' rule of 40 is 91% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Pan African Resources' rule of X is 136% (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).
Pan African Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 30% | XXX | 120% | XXX | XXX | XXX |
| EBITDA Margin | 61% | XXX | 46% | XXX | XXX | XXX |
| EBITDA Growth | 38% | XXX | 205% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 91% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 136% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.4M | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 6% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Pan African Resources Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Danieli & C. Officine | XXX | XXX | XXX | XXX | XXX | XXX |
| Evolution Metals & Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Hycroft Mining Holding | XXX | XXX | XXX | XXX | XXX | XXX |
| Erdemir | XXX | XXX | XXX | XXX | XXX | XXX |
| Skeena Resources | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Pan African Resources M&A Activity
Pan African Resources acquired XXX companies to date.
Last acquisition by Pan African Resources was on XXXXXXXX, XXXXX. Pan African Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Pan African 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 TrialPan African Resources Investment Activity
Pan African Resources invested in XXX companies to date.
Pan African Resources made its latest investment on XXXXXXXX, XXXXX. Pan African Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Pan African 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 Pan African Resources
| When was Pan African Resources founded? | Pan African Resources was founded in 2000. |
| Where is Pan African Resources headquartered? | Pan African Resources is headquartered in South Africa. |
| How many employees does Pan African Resources have? | As of today, Pan African Resources has over 2K employees. |
| Is Pan African Resources publicly listed? | Yes, Pan African Resources is a public company listed on Johannesburg Stock Exchange. |
| What is the stock symbol of Pan African Resources? | Pan African Resources trades under PAN ticker. |
| When did Pan African Resources go public? | Pan African Resources went public in 2007. |
| Who are competitors of Pan African Resources? | Pan African Resources main competitors are Danieli & C. Officine, Evolution Metals & Technologies, Hycroft Mining Holding, Erdemir. |
| What is the current market cap of Pan African Resources? | Pan African Resources' current market cap is $5B. |
| What is the current revenue of Pan African Resources? | Pan African Resources' last 12 months revenue is $1B. |
| What is the current revenue growth of Pan African Resources? | Pan African Resources revenue growth (NTM/LTM) is 30%. |
| What is the current EV/Revenue multiple of Pan African Resources? | Current revenue multiple of Pan African Resources is 4.6x. |
| Is Pan African Resources profitable? | Yes, Pan African Resources is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Pan African Resources? | Pan African Resources' last 12 months EBITDA is $627M. |
| What is Pan African Resources' EBITDA margin? | Pan African Resources' last 12 months EBITDA margin is 61%. |
| What is the current EV/EBITDA multiple of Pan African Resources? | Current EBITDA multiple of Pan African Resources is 7.5x. |
| What is the current FCF of Pan African Resources? | Pan African Resources' last 12 months FCF is $366M. |
| What is Pan African Resources' FCF margin? | Pan African Resources' last 12 months FCF margin is 36%. |
| What is the current EV/FCF multiple of Pan African Resources? | Current FCF multiple of Pan African Resources is 12.9x. |
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