Stock ERD ERDENE RESOURCE DEVELOPMENT CORPORATION
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Financials Erdene Resource Development Corporation

Equities

ERD

CA29480N2068

Specialty Mining & Metals

Market Closed - Toronto S.E.
Other stock markets
 12:48:33 2024-04-26 pm EDT 		5-day change 1st Jan Change
0.405 CAD 0.00% Intraday chart for Erdene Resource Development Corporation +3.85% +14.08%
Apr. 01 Erdene Resource Development Corporation Reports Earnings Results for the Full Year Ended December 31, 2023 CI
Mar. 18 Sandstorm Gold Royalties Provides Royalty Portfolio Update; Includes Projects From Ivanhoe, SSR, Teck, Lundin Mining MT

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 42.23 33.38 108.6 125.5 98.13 122.3
Enterprise Value (EV) 1 40.48 34.68 95.88 118.6 90.79 118
P/E ratio -11 x -11.6 x -6.69 x -21.3 x -14.6 x 235 x
Yield - - - - - -
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA -11 x -12.9 x -29.8 x -21 x -15.3 x -29.9 x
EV / FCF -7.48 x -4.62 x -8.7 x -9.96 x -8.16 x -45 x
FCF Yield -13.4% -21.6% -11.5% -10% -12.3% -2.22%
Price to Book 2.42 x 1.67 x 2.58 x 2.77 x 1.9 x 2.08 x
Nbr of stocks (in thousands) 162,426 190,769 268,070 291,889 344,300 344,568
Reference price 2 0.2600 0.1750 0.4050 0.4300 0.2850 0.3550
Announcement Date 3/29/19 3/16/20 3/12/21 3/9/22 3/10/23 4/1/24
1CAD in Million2CAD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales - - - - - -
EBITDA 1 -3.695 -2.684 -3.217 -5.637 -5.945 -3.948
EBIT 1 -3.716 -2.707 -3.242 -5.72 -6.018 -3.985
Operating Margin - - - - - -
Earnings before Tax (EBT) 1 -3.657 -2.683 -13.12 -5.571 -5.986 0.522
Net income 1 -3.657 -2.683 -13.12 -5.571 -5.986 0.522
Net margin - - - - - -
EPS 2 -0.0236 -0.0150 -0.0606 -0.0202 -0.0195 0.001508
Free Cash Flow 1 -5.414 -7.498 -11.02 -11.91 -11.13 -2.622
FCF margin - - - - - -
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 3/29/19 3/16/20 3/12/21 3/9/22 3/10/23 4/1/24
1CAD in Million2CAD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 1.29 - - - -
Net Cash position 1 1.75 - 12.7 6.91 7.34 4.33
Leverage (Debt/EBITDA) - -0.4817 x - - - -
Free Cash Flow 1 -5.41 -7.5 -11 -11.9 -11.1 -2.62
ROE (net income / shareholders' equity) -22.7% -14.3% -42.2% -12.7% -12.3% 0.94%
ROA (Net income/ Total Assets) -14.2% -7.57% -5.81% -8% -7.59% -4.46%
Assets 1 25.71 35.44 225.9 69.62 78.85 -11.7
Book Value Per Share 2 0.1100 0.1000 0.1600 0.1600 0.1500 0.1700
Cash Flow per Share 2 0.0100 0.0300 0.0500 0.0200 0.0200 0.0100
Capex 1 4.38 6.81 9.05 8.83 8.27 1.05
Capex / Sales - - - - - -
Announcement Date 3/29/19 3/16/20 3/12/21 3/9/22 3/10/23 4/1/24
1CAD in Million2CAD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
1
Last Close Price
0.405 CAD
Average target price
1 CAD
Spread / Average Target
+146.91%
Consensus

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Other Specialty Mining & Metals
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