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Syrah Resources Valuation Multiples
Discover revenue and EBITDA valuation multiples for Syrah Resources and similar public comparables like Viridis Mining, Cyprium Metals, Northern Minerals, Horizon Minerals and more.
Syrah Resources Overview
About Syrah Resources
Syrah Resources Ltd is an Australia-based company engaged in mining, mineral exploration, evaluation, and development. The company operates in three segments: Balama, Vidalia, and Corporate. All of the companyβs revenue is derived from the Balama segment, where it produces and sells natural flake graphite from the Balama graphite mine in Mozambique. The company sells graphite globally to customers in Europe, China, India, the Americas, and other locations.
Founded
2007
HQ

Employees
615
Website
Sectors
Financials (LTM)
EV
$440M
Syrah Resources Financials
Syrah Resources reported last 12-month revenue of $56M and negative EBITDA of ($48M).
In the same LTM period, Syrah Resources generated ($63M) in gross profit, ($48M) in EBITDA losses, and had net loss of ($88M).
Revenue (LTM)
Syrah Resources P&L
In the most recent fiscal year, Syrah Resources reported revenue of $32M and EBITDA of ($82M).
Syrah Resources expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $56M | XXX | $32M | XXX | XXX | XXX |
| Gross Profit | ($63M) | XXX | ($56M) | XXX | XXX | XXX |
| Gross Margin | (111%) | XXX | (177%) | XXX | XXX | XXX |
| EBITDA | ($48M) | XXX | ($82M) | XXX | XXX | XXX |
| EBITDA Margin | (85%) | XXX | (259%) | XXX | XXX | XXX |
| EBIT Margin | (122%) | XXX | (313%) | XXX | XXX | XXX |
| Net Profit | ($88M) | XXX | ($113M) | XXX | XXX | XXX |
| Net Margin | (156%) | XXX | (358%) | XXX | XXX | XXX |
| Net Debt | β | β | $169M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Syrah Resources Stock Performance
Syrah Resources has current market cap of $213M, and enterprise value of $440M.
Market Cap Evolution
Syrah Resources' stock price is $0.16.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $440M | $213M | 0.0% | XXX | XXX | XXX | $-0.09 |
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Start Free TrialSyrah Resources Valuation Multiples
Syrah Resources trades at 7.8x EV/Revenue multiple, and (9.2x) EV/EBITDA.
EV / Revenue (LTM)
Syrah Resources Financial Valuation Multiples
As of March 24, 2026, Syrah Resources has market cap of $213M and EV of $440M.
Equity research analysts estimate Syrah Resources' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Syrah Resources has a P/E ratio of (2.4x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $213M | XXX | $213M | XXX | XXX | XXX |
| EV (current) | $440M | XXX | $440M | XXX | XXX | XXX |
| EV/Revenue | 7.8x | XXX | 14.0x | XXX | XXX | XXX |
| EV/EBITDA | (9.2x) | XXX | (5.4x) | XXX | XXX | XXX |
| EV/EBIT | (6.4x) | XXX | (4.5x) | XXX | XXX | XXX |
| EV/Gross Profit | (7.0x) | XXX | (7.9x) | XXX | XXX | XXX |
| P/E | (2.4x) | XXX | (1.9x) | XXX | XXX | XXX |
| EV/FCF | (6.5x) | XXX | (4.3x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Syrah 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.


Syrah Resources Margins & Growth Rates
Syrah Resources' revenue in the last 12 month grew by 168%.
Syrah Resources' revenue per employee in the last FY averaged $0.1M.
Syrah Resources' rule of 40 is 84% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Syrah Resources' rule of X is 336% (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).
Syrah Resources Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 168% | XXX | 19% | XXX | XXX | XXX |
| EBITDA Margin | (85%) | XXX | (259%) | XXX | XXX | XXX |
| EBITDA Growth | (116%) | XXX | (29%) | XXX | XXX | XXX |
| Rule of 40 | β | XXX | 84% | XXX | XXX | XXX |
| Bessemer Rule of X | β | XXX | 336% | XXX | XXX | XXX |
| Revenue per Employee | β | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | β | XXX | 27% | XXX | XXX | XXX |
| G&A Expenses to Revenue | β | XXX | 32% | XXX | XXX | XXX |
| Opex to Revenue | β | XXX | 157% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Syrah Resources Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Viridis Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| Cyprium Metals | XXX | XXX | XXX | XXX | XXX | XXX |
| Northern Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Horizon Minerals | 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.
Syrah Resources M&A Activity
Syrah Resources acquired XXX companies to date.
Last acquisition by Syrah Resources was on XXXXXXXX, XXXXX. Syrah Resources acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Syrah 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 TrialSyrah Resources Investment Activity
Syrah Resources invested in XXX companies to date.
Syrah Resources made its latest investment on XXXXXXXX, XXXXX. Syrah Resources invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Syrah 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 Syrah Resources
| When was Syrah Resources founded? | Syrah Resources was founded in 2007. |
| Where is Syrah Resources headquartered? | Syrah Resources is headquartered in Australia. |
| How many employees does Syrah Resources have? | As of today, Syrah Resources has over 615 employees. |
| Who is the CEO of Syrah Resources? | Syrah Resources' CEO is Shaun Verner. |
| Is Syrah Resources publicly listed? | Yes, Syrah Resources is a public company listed on Australian Securities Exchange. |
| What is the stock symbol of Syrah Resources? | Syrah Resources trades under SYR ticker. |
| When did Syrah Resources go public? | Syrah Resources went public in 2007. |
| Who are competitors of Syrah Resources? | Syrah Resources main competitors are Viridis Mining, Cyprium Metals, Northern Minerals, Horizon Minerals. |
| What is the current market cap of Syrah Resources? | Syrah Resources' current market cap is $213M. |
| What is the current revenue of Syrah Resources? | Syrah Resources' last 12 months revenue is $56M. |
| What is the current revenue growth of Syrah Resources? | Syrah Resources revenue growth (NTM/LTM) is 168%. |
| What is the current EV/Revenue multiple of Syrah Resources? | Current revenue multiple of Syrah Resources is 7.8x. |
| Is Syrah Resources profitable? | No, Syrah Resources is not profitable. |
| What is the current EBITDA of Syrah Resources? | Syrah Resources has negative EBITDA and is not profitable. |
| What is Syrah Resources' EBITDA margin? | Syrah Resources' last 12 months EBITDA margin is (85%). |
| What is the current EV/EBITDA multiple of Syrah Resources? | Current EBITDA multiple of Syrah Resources is (9.2x). |
| What is the current FCF of Syrah Resources? | Syrah Resources' last 12 months FCF is ($68M). |
| What is Syrah Resources' FCF margin? | Syrah Resources' last 12 months FCF margin is (120%). |
| What is the current EV/FCF multiple of Syrah Resources? | Current FCF multiple of Syrah Resources is (6.5x). |
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