OTCPK:KATFF - Post by User
Comment by
patels96on Feb 05, 2019 8:16am
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Post# 29319245
RE:2019 Earning Estimate Without Exporting Cobalt - KAT
RE:2019 Earning Estimate Without Exporting Cobalt - KATGreat post... however mining companies are seldom priced using the P/E ratio. I've been covering a lot of mining companies and the 3 comps that are used quite extensively are: EV/EBITDA, P/NAV, and P/FCFF Ultimately cash flow rather then earnings matter more in mining the mining industry. This is because there are always CAPEX budgets for the next fiscal year due to expansion or sustaining. The EV/EBITDA for 2019E for most base metals are around 8x.