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Tharisa Valuation Multiples
Discover revenue and EBITDA valuation multiples for Tharisa and similar public comparables like Chalice Mining, AltynGold, Wildcat resources, Santana Minerals and more.
Tharisa Overview
About Tharisa
Tharisa PLC is an investment holding company. The company, along with its subsidiaries, is engaged in the exploitation of metals and minerals, principally PGMs and chrome and associated sales and logistics operations. It incorporates mining, processing, exploration, and the beneficiation, marketing, sales, and logistics of PGMs and chrome concentrates, using innovation and technology as enablers. The company operates through the following four segments: PGM segment, Chrome segment, Agency and trading segment, and Manufacturing segment. The majority of the revenue is derived from the Chrome segment. Geographically, it generates the maximum revenue from South Africa.
Founded
2008
HQ
Employees
2.9K
Website
Sectors
Financials (LTM)
EV
$393M
Tharisa Financials
Tharisa reported last 12-month revenue of $687M and EBITDA of $209M.
In the same LTM period, Tharisa generated $209M in gross profit, $209M in EBITDA, and $93M in net income.
Revenue (LTM)
Tharisa P&L
In the most recent fiscal year, Tharisa reported revenue of $670M and EBITDA of $193M.
Tharisa expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $687M | XXX | $670M | XXX | XXX | XXX |
| Gross Profit | $209M | XXX | $191M | XXX | XXX | XXX |
| Gross Margin | 30% | XXX | 29% | XXX | XXX | XXX |
| EBITDA | $209M | XXX | $193M | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 29% | XXX | XXX | XXX |
| EBIT Margin | 22% | XXX | 19% | XXX | XXX | XXX |
| Net Profit | $93M | XXX | $80M | XXX | XXX | XXX |
| Net Margin | 14% | XXX | 12% | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Tharisa Stock Performance
Tharisa has current market cap of $463M, and enterprise value of $393M.
Market Cap Evolution
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $393M | $463M | — | XXX | XXX | XXX | — |
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Start Free TrialTharisa Valuation Multiples
Tharisa trades at 0.6x EV/Revenue multiple, and 1.9x EV/EBITDA.
EV / Revenue (LTM)
Tharisa Financial Valuation Multiples
As of April 19, 2026, Tharisa has market cap of $463M and EV of $393M.
Equity research analysts estimate Tharisa's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Tharisa has a P/E ratio of 5.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $463M | XXX | $463M | XXX | XXX | XXX |
| EV (current) | $393M | XXX | $393M | XXX | XXX | XXX |
| EV/Revenue | 0.6x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 1.9x | XXX | 2.0x | XXX | XXX | XXX |
| EV/EBIT | 2.7x | XXX | 3.1x | XXX | XXX | XXX |
| EV/Gross Profit | 1.9x | XXX | 2.1x | XXX | XXX | XXX |
| P/E | 5.0x | XXX | 5.8x | XXX | XXX | XXX |
| EV/FCF | (7.0x) | XXX | (15.7x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Tharisa 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.
Tharisa Margins & Growth Rates
Tharisa's revenue in the last 12 month grew by 13%.
Tharisa's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Tharisa's rule of 40 is 43% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Tharisa's rule of X is 59% (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).
Tharisa Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 13% | XXX | 14% | XXX | XXX | XXX |
| EBITDA Margin | 30% | XXX | 29% | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | 24% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 43% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 59% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 9% | XXX | 10% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 10% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Tharisa Public Comps
See public comps and valuation multiples for other Metals & Mining comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Tharisa | XXX | XXX | XXX | XXX | XXX | XXX |
| Chalice Mining | XXX | XXX | XXX | XXX | XXX | XXX |
| AltynGold | XXX | XXX | XXX | XXX | XXX | XXX |
| Wildcat resources | XXX | XXX | XXX | XXX | XXX | XXX |
| Santana Minerals | XXX | XXX | XXX | XXX | XXX | XXX |
| Turaco Gold | 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.
Tharisa M&A Activity
Tharisa acquired XXX companies to date.
Last acquisition by Tharisa was on XXXXXXXX, XXXXX. Tharisa acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Tharisa
| 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 TrialTharisa Investment Activity
Tharisa invested in XXX companies to date.
Tharisa made its latest investment on XXXXXXXX, XXXXX. Tharisa invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Tharisa
| 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 Tharisa
| When was Tharisa founded? | Tharisa was founded in 2008. |
| Where is Tharisa headquartered? | Tharisa is headquartered in China. |
| How many employees does Tharisa have? | As of today, Tharisa has over 2K employees. |
| Who is the CEO of Tharisa? | Tharisa's CEO is Phoevos Pouroulis. |
| Is Tharisa publicly listed? | Yes, Tharisa is a public company listed on London Stock Exchange. |
| What is the stock symbol of Tharisa? | Tharisa trades under THS ticker. |
| When did Tharisa go public? | Tharisa went public in 2016. |
| Who are competitors of Tharisa? | Tharisa main competitors are Chalice Mining, AltynGold, Wildcat resources, Santana Minerals. |
| What is the current market cap of Tharisa? | Tharisa's current market cap is $463M. |
| What is the current revenue of Tharisa? | Tharisa's last 12 months revenue is $687M. |
| What is the current revenue growth of Tharisa? | Tharisa revenue growth (NTM/LTM) is 13%. |
| What is the current EV/Revenue multiple of Tharisa? | Current revenue multiple of Tharisa is 0.6x. |
| Is Tharisa profitable? | Yes, Tharisa is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Tharisa? | Tharisa's last 12 months EBITDA is $209M. |
| What is Tharisa's EBITDA margin? | Tharisa's last 12 months EBITDA margin is 30%. |
| What is the current EV/EBITDA multiple of Tharisa? | Current EBITDA multiple of Tharisa is 1.9x. |
| What is the current FCF of Tharisa? | Tharisa's last 12 months FCF is ($56M). |
| What is Tharisa's FCF margin? | Tharisa's last 12 months FCF margin is (8%). |
| What is the current EV/FCF multiple of Tharisa? | Current FCF multiple of Tharisa is (7.0x). |
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