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General information

Sector: Basic Materials

The company is not available at Interactive Brokers

Eastern Platinum Limited (JSE:ESP), or Eastplats, is a mining company based in Vancouver, Canada and listed on the TSX and JSE. Eastplats has four platinum group metals (PGM) assets in South Africa’s Bushveld Complex.

In 2018 Eastplats entered into an agreement with Union Goal Offshore Solution Limited which provides for the construction, mining and processing of the tailings resource, and the subsequent offtake of chrome concentrate from, the Barplats Zandfontein UG2 tailings facility (the “Retreatment Project”) located at the Crocodile River Mine in South Africa.

Operations of the Retreatment Project began in December 2018. The Project expanded to PGM recovery testing in Q2 2019 and assessments of PGM recoverability continued in late 2019.

In addition, Eastplats continues to actively monitor the PGM markets and other developments in the mining and minerals sector to assess the overall economics related to the addition of a PGM recovery circuit as part of the Retreatment Project or resuming active underground mining at CRM, which is currently in care and maintenance. The Kennedy Vale and Spitzkop projects also remain in care and maintenance.



  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 87.3% (LTM), projected 87.3%
  • Share price is 308.7% higher than minimum and 65.4% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.6x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (1.8x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)1.8800
Share price, USD: 0.1002
Common stocks: 201 904 255

Dividend Yield:  0.0%
FCF Yield LTM / expected: 87.3% / 87.3%
EV / LTM EBITDA: 5.6x
Last revenue growth (y/y):  +77.5%
Last growth of EBITDA (y/y):  +319.9%
Historical revenue growth:  +23.7%
Historical growth of EBITDA:  +156.6%
EV / expected EBITDA:
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 20
Net Debt ($m): 77
EV (Enterprise Value): 97
EBITDA LTM ($m): 17
EV / LTM EBITDA: 5.6x
Price to Book: 0.26x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

Production and reserves

Production

Reserves

More information for subscribed users:
detailed calculation of
Potential and Created Value,
website traffic data

Releases

2022-08-15
Results for the Second Quarter of 2022
2022-08-03
Eastern Platinum Limited announces appointment of new chief operating officer
2022-07-08
Eastern Platinum Limited grants stock options
2022-06-30
Eastern Platinum files independent competent person’s report on the crocodile river mine
2022-06-30
Eastplats announces appointment of new chief executive officer
2022-06-23
Eastplats announces changes to the board of directors
2022-06-22
Eastplats announces voting results of its annual general and special meeting of shareholders
2022-05-20
Eastern Platinum Updated Technical Report on The Crocodile River Mine
2022-05-20
Notice of Annual General Meeting and Special Meeting, and the Salient Dates and Times
2022-05-19
Eastern Platinum Announces Extension of Expiry Date For Warrants
2022-05-13
Eastern Platinum Limited Reports Results For The First Quarter Of 2022
2022-03-25
Eastern Platinum Limited Reports Annual Financial Results for 2021 And Provides Its targets For 2022
2022-03-25
Full Year Results for the year ended 31 December 2021
2022-03-22
Closing of the Maroelabult Resource Property and Related Equipment Sale to Eland Platinum (Pty) Limited
2022-01-26
Eastplats Announces Termination Of The Project Framework Agreement
2021-12-14
Eastern Platinum Limited Announces PGM Production And Corporate Presentation Update
2021-11-11
Eastern Platinum Limited Reports Q3 2021 Results
2021-10-29
Eastern Platinum Limited Announces Commissioning Of The PGM Main Plant And Further Development Plan
2021-08-13
Eastern Platinum Limited Reports Results For The Second Quarter Of 2021
2021-06-25
Eastern Platinum Limited Grants Stock Options
2021-06-21
Eastern Platinum Limited Announces Settlement Of Legal Disputes
2021-06-18
Eastplats Announces Voting Results Of The Annual General Meeting Of Shareholders
2021-05-31
Eastern Platinum Succeeds In Upholding Appeals Court Decision As Supreme Court Of Canada Refuses To Hear Appeal

SENS Announcements

2024-04-17
Eastplats provides bi-weekly default status report
2024-04-04
Late filing of annual financial statements, annual information form and management cease trade order
2024-03-18
Eastern Platinum Limited announces anticipated late filing of annual financial statements
2024-03-06
Eastern Platinum announces initial phase of Zandfontein underground is fully operational
2024-01-24
Eastern Platinum Limited announces correction to CEO letter to shareholders dated January 23, 2024
2024-01-23
Eastern Platinum Limited publishes CEO letter to shareholders
2024-01-10
Eastern Platinum Limited announces participation at upcoming conferences
2023-12-11
Eastern Platinum Limited announces completion of Special Committee Investigation
2023-11-10
Eastern Platinum Limited Reports Results for the Third Quarter of 2023
2023-11-07
Eastern Platinum receives approval from South Africa Competition Commission regarding rights offering transaction
2023-10-16
Eastern Platinum to host investor webinar
2023-08-11
Eastern Platinum Limited Reports Results for the Second Quarter of 2023
2023-07-07
Eastplats’ South African Subsidiary Receives A Summons
2023-06-27
Eastern Platinum Limited retains investor relations firm Target IR and grants stock options
2023-06-22
Eastern Platinum Limited announces stock option grants and restatement of first quarter MD&A
2023-06-21
Eastplats announces voting results of its annual general meeting of shareholders
2023-06-20
Eastern Platinum Limited announces update on special committee investigations
2023-06-08
Eastern Platinum Limited announces extension of expiry date for warrants
2023-05-19
Notice of annual general meeting and the salient dates and times for shareholding on the South African register
2023-05-12
Eastern Platinum Limited Reports Results for the First Quarter of 2023
2023-05-08
Eastern Platinum Limited to invest in Zandfontein underground & growth opportunities with completed Rights Offering
2023-05-05
Eastplats receives reasons for judgment regarding a derivative action
2023-04-25
Eastern Platinum Limited announces whistleblower allegations and formation of special committee
2023-04-06
Full Year Results for the Year Ended 31 December 2022
2023-03-24
Eastern Platinum Limited announces rights offering – important dates and times in respect of the rights offering
2023-03-24
Eastern Platinum Limited announces rights offering to fund growth opportunities
2023-03-20
Eastplats Announces Restatement of Third Quarter of 2022 Financial Statements and Management Discussion and Analysis
2023-01-25
Terms extended for Crocodile River Platinum Group Metals Tailings Concentrate with Impala Platinum Limited
2022-11-11
Eastern Platinum Limited Reports Results For The Third Quarter Of 2022
2022-11-10
Pipeline finance facility agreement with Investec Bank Limited updated and filed
2022-10-20
Eastern Platinum Limited announces resignation of Chief operating officer
2022-09-22
Finance facility agreement with Investec Bank Limited completed
2022-08-15
Results for the Second Quarter of 2022
2022-08-03
Eastern Platinum Limited announces appointment of new chief operating officer
2022-07-08
Eastern Platinum Limited grants stock options
2022-06-30
Eastplats announces appointment of new chief executive officer
2022-06-30
Eastern Platinum files independent competent person’s report on the crocodile river mine
2022-06-23
Eastplats announces changes to the board of directors
2022-06-22
Eastplats announces voting results of its annual general and special meeting of shareholders
2022-05-20
Eastern Platinum Updated Technical Report on The Crocodile River Mine
2022-05-20
Notice of Annual General Meeting and Special Meeting, and the Salient Dates and Times
2022-05-19
Eastern Platinum Announces Extension of Expiry Date For Warrants
2022-05-13
Eastern Platinum Limited Reports Results For The First Quarter Of 2022