🚀 VC round data is live in beta, check it out!
South32 Valuation Multiples
Discover revenue and EBITDA valuation multiples for South32 and similar public comparables like Equinox Gold, First Majestic Silver, Lynas Rare Earths, Ivanhoe Mines and more.
South32 Overview
About South32
South32 was born of the demerger of noncore assets from BHP in 2015. Its major operations include alumina businesses in Australia and Brazil, aluminum in Brazil, South Africa, and Mozambique, and manganese businesses in Australia and South Africa. It sold New South Wales metallurgical coal in August 2024 and the Cerro Matoso nickel mine in Colombia in December 2025. It also owns the Cannington silver/lead/zinc mine in Queensland. Its Australian manganese operations deliver high returns, but have a relatively short reserve life. The company acquired Arizona Mining, which brings with it the high-grade and likely low-cost Taylor project in the US, and also entered the copper business in 2022 via the purchase of a 45% stake in the Sierra Gorda mine in Chile.
Founded
2010
HQ
Employees
26.0K
Website
Sectors
Financials (LTM)
EV
$15B
South32 Financials
South32 reported last 12-month revenue of $6B and EBITDA of $2B.
In the same LTM period, South32 generated $2B in gross profit, $2B in EBITDA, and $856M in net income.
Revenue (LTM)
South32 P&L
In the most recent fiscal year, South32 reported revenue of $6B and EBITDA of $2B.
South32 expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $6B | XXX | $6B | XXX | XXX | XXX |
| Gross Profit | $2B | XXX | $3B | XXX | XXX | XXX |
| Gross Margin | 29% | XXX | 44% | XXX | XXX | XXX |
| EBITDA | $2B | XXX | $2B | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 31% | XXX | XXX | XXX |
| EBIT Margin | 21% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $856M | XXX | $666M | XXX | XXX | XXX |
| Net Margin | 13% | XXX | 12% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
South32 Stock Performance
South32 has current market cap of $15B, and enterprise value of $15B.
Market Cap Evolution
South32's stock price is $3.33.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $15B | $15B | -0.5% | XXX | XXX | XXX | $0.15 |
Benchmark Trading Valuation Multiples by Industry
Sign up to access valuation multiples like growth-adjusted P/E, Rule of 40, next 12-month EV/Revenue, EBITDA multiples by industry, consensus analyst estimates and many more.
Start Free TrialSouth32 Valuation Multiples
South32 trades at 2.3x EV/Revenue multiple, and 7.0x EV/EBITDA.
EV / Revenue (LTM)
South32 Financial Valuation Multiples
As of March 24, 2026, South32 has market cap of $15B and EV of $15B.
Equity research analysts estimate South32's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
South32 has a P/E ratio of 17.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV (current) | $15B | XXX | $15B | XXX | XXX | XXX |
| EV/Revenue | 2.3x | XXX | 2.6x | XXX | XXX | XXX |
| EV/EBITDA | 7.0x | XXX | 8.3x | XXX | XXX | XXX |
| EV/EBIT | 11.4x | XXX | 13.4x | XXX | XXX | XXX |
| EV/Gross Profit | 8.2x | XXX | 5.9x | XXX | XXX | XXX |
| P/E | 17.4x | XXX | 22.4x | XXX | XXX | XXX |
| EV/FCF | 27.1x | XXX | 27.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified South32 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.
South32 Margins & Growth Rates
South32's revenue in the last 12 month declined by (0%).
South32's revenue per employee in the last FY averaged $0.2M.
South32's rule of 40 is 33% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
South32's rule of X is 33% (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).
South32 Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | (0%) | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 34% | XXX | 31% | XXX | XXX | XXX |
| EBITDA Growth | 20% | XXX | 25% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 33% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 33% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 27% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
South32 Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Equinox Gold | XXX | XXX | XXX | XXX | XXX | XXX |
| First Majestic Silver | XXX | XXX | XXX | XXX | XXX | XXX |
| Lynas Rare Earths | XXX | XXX | XXX | XXX | XXX | XXX |
| Ivanhoe Mines | XXX | XXX | XXX | XXX | XXX | XXX |
| Harmony Gold Mining | 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.
South32 M&A Activity
South32 acquired XXX companies to date.
Last acquisition by South32 was on XXXXXXXX, XXXXX. South32 acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by South32
| 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 |
Get Verified M&A Valuation Multiples
Sign up to see revenue and EBITDA valuation multiples for 150K+ M&A deals.
Start Free TrialSouth32 Investment Activity
South32 invested in XXX companies to date.
South32 made its latest investment on XXXXXXXX, XXXXX. South32 invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by South32
| 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 |
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAbout South32
| When was South32 founded? | South32 was founded in 2010. |
| Where is South32 headquartered? | South32 is headquartered in Australia. |
| How many employees does South32 have? | As of today, South32 has over 26K employees. |
| Who is the CEO of South32? | South32's CEO is Graham Kerr. |
| Is South32 publicly listed? | Yes, South32 is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of South32? | South32 trades under S32 ticker. |
| When did South32 go public? | South32 went public in 2015. |
| Who are competitors of South32? | South32 main competitors are Equinox Gold, First Majestic Silver, Lynas Rare Earths, Ivanhoe Mines. |
| What is the current market cap of South32? | South32's current market cap is $15B. |
| What is the current revenue of South32? | South32's last 12 months revenue is $6B. |
| What is the current revenue growth of South32? | South32 revenue growth (NTM/LTM) is (0%). |
| What is the current EV/Revenue multiple of South32? | Current revenue multiple of South32 is 2.3x. |
| Is South32 profitable? | Yes, South32 is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of South32? | South32's last 12 months EBITDA is $2B. |
| What is South32's EBITDA margin? | South32's last 12 months EBITDA margin is 34%. |
| What is the current EV/EBITDA multiple of South32? | Current EBITDA multiple of South32 is 7.0x. |
| What is the current FCF of South32? | South32's last 12 months FCF is $551M. |
| What is South32's FCF margin? | South32's last 12 months FCF margin is 9%. |
| What is the current EV/FCF multiple of South32? | Current FCF multiple of South32 is 27.1x. |
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.