What is Northern Star Resources (NST)'s P/E ratio?

Northern Star Resources (NST) trades at a P/E of 21.8x (price to trailing 12-month earnings).

What is Northern Star Resources (NST)'s EV/EBITDA?

Northern Star Resources (NST) trades at 8.9x EV/EBITDA.

What is Northern Star Resources (NST)'s P/B ratio?

Northern Star Resources (NST) trades at a P/B of 2.3x.

What is Northern Star Resources (NST)'s dividend yield?

Northern Star Resources (NST)'s trailing 12-month dividend yield is 2.3%.

What is Northern Star Resources (NST)'s return on equity (ROE)?

Northern Star Resources (NST)'s ROE is 9.5%.

What is Northern Star Resources (NST)'s market capitalization?

Northern Star Resources (NST)'s market cap is 33.8 bn AUD.

Northern Star Resources (NST) Stock — Financials, Valuation & Dividends

Price chart

23.64 AUDDay -1.27%

Key metrics

Market

Price

23.64 AUD · -1.27%

Market cap

33.8 bn AUD

Growth

Δ revenue y/y

19.0%

Δ EBITDA y/y

32.5%

Multiples

P/E (LTM)

21.8x

3y avg: 25.4x

P/B (FY)

2.3x

P/E (ann.)

23.6x

EV/EBITDA (LTM)

8.9x

3y avg: 9.9x

EV/EBITDA (ann.)

9.1x

Cash return

Dividend yield

2.3%

FCF yield (LTM)

-0.3%

Value creation

to target market cap (spot commodity model)

Upside (potential)

+5.1%

↓ details

Liquidity

Daily turnover (listing)

189.7 mln AUD

Shares: yahoo_fundamentals_timeseries/NST.AX

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in M AUD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

Date	Period	Status	RevenueM AUD	Operating profitM AUD	D&AM AUD	EBITDAM AUD	Net profitM AUD	Operating CFM AUD	Capex + M&AM AUD	AssetsM AUD	EquityM AUD	ROE (annualized)	Net debtM AUD	Source
2025-12-31	H1 2026 (6M)	OK	3414.3 y/y 19.0% y/y 19.0%	1040.2 y/y 39.1% y/y 39.1%	810.4 y/y 24.9% y/y 24.9%	1850.6 y/y 32.5% y/y 32.5%	714.4 y/y 41.1% y/y 41.1%	1031.2	-1305.0	20697.6 y/y 50.1%	15240.1 y/y 70.4%	9.5%	17.8	Link
2025-06-30	H2 2025 (6M)	OK	3546.0 y/y 30.4% y/y 32.6%	1239.3 y/y 101.0% y/y 81.6%	716.2 y/y 20.6% y/y 26.2%	1955.5 y/y 58.1% y/y 56.5%	833.3 y/y 109.8% y/y 89.4%	1699.6	-1234.7	20432.4 y/y 56.2%	14917.2 y/y 69.7%	11.2%	-323.4	—
2024-12-31	H1 2025 (6M)	OK	2868.9 y/y 27.6% y/y 27.6%	748.0 y/y 144.4% y/y 144.4%	649.0 y/y 14.9% y/y 14.9%	1397.0 y/y 60.4% y/y 60.4%	506.4 y/y 155.1% y/y 155.1%	1253.9	-1061.8	13791.6 y/y 10.9%	8945.9 y/y 5.2%	11.4%	-96.4	Link
2024-06-30	H2 2024 (6M)	OK	2673.6 y/y 19.1% y/y —	682.5 y/y 13.7% y/y —	567.3 y/y 242.7% y/y —	1249.8 y/y 76.8% y/y —	440.0 y/y 9.1% y/y —	1230.0	-783.3	13080.8 y/y 6.2%	8790.9 y/y 3.6%	7.4%	64.9	—
2023-12-31	H1 2024 (6M)	OK	2247.6 y/y — y/y —	306.1 y/y — y/y —	564.9 y/y — y/y —	871.0 y/y — y/y —	198.5 y/y — y/y —	840.4	-721.2	12432.9 y/y —	8505.2 y/y —	4.7%	-79.4	Link
2023-06-30	FY 2023 (12M)	OK	4131.1 y/y — y/y —	869.1 y/y — y/y —	330.4 y/y — y/y —	1199.5 y/y — y/y —	585.2 y/y — y/y —	1351.5	-1061.2	12316.2 y/y —	8483.5 y/y —	—	42.2	—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (AUD mln)

Year-over-year change

Cash flow

FCF (AUD mln)

Net debt / cash (AUD mln)

Profit and cash

Profit is cash-backed

In a typical year of 2022–2025 operating cash flow came to 2.78x of reported net profit; after capex, 0.69x.

year	2022	2023	2024	2025
cash flow / profit	3.72x	2.31x	3.24x	2.21x
accruals, % of assets	-10.5%	-6.2%	-10.9%	-7.9%

Last twelve months (to 2025-12-31): 1.76x of profit came back as operating cash flow.

net debt / EBITDA -0.1x · capex 1.9x of depreciation

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Key-commodity price — Gold

Current 4 590spot vs LTM +22%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: +5.1%

Main driver: Gold +33% vs LTM; revenue ×1.22 vs costs ×1.04; EBITDA 3 818→4 013; at 9.0× EV/EBITDA → +5%.

Product prices — moves vs the LTM average

Commodity	Share	Spot	LTM	3-yr	vs LTM, $	vs LTM, AUD	3y vs LTM
Gold (rev)	+100%	4 590.14	3 443.92	3 252.78	+33%	+22%	-6%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue	6 960
LTM EBITDA	3 818
LTM cash costs (revenue − EBITDA)	3 142
2 · Revenue projection
Revenue multiplier — spot	×1.224 (+22%)
= Spot revenue	8 522
Revenue multiplier — 3y price	×0.868 (-13%)
= 3-year-price revenue	6 040
3 · Costs projection
Cost multiplier — spot	×1.040 (+4%)
= Spot cash costs	3 268
Cost multiplier — 3y price	×1.040 (+4%)
= 3-year-price cash costs	3 268
4 · EBITDA projection (revenue − costs)
= Spot EBITDA	5 255
= 3-year-price EBITDA	2 772
Conservative EBITDA = min(spot, avg)	4 013
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)	9.0x
Target EV = EV/EBITDA × conservative EBITDA	36 047
Net debt	18
Target market cap = EV − net debt	36 029
Current market cap	34 278

Upside = target market cap ÷ current − 1 = +5.1%

Life of mine: 18 yrs

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

Period	Act. rev	Model rev	Δ rev	Act. EBITDA	Model EBITDA	Δ EBITDA
2023 FY	4 131	3 727	+10.8%	1 232	510	+141.7%
2024 FY	4 921	4 693	+4.9%	2 161	1 678	+28.8%
2025 FY	6 415	6 670	-3.8%	3 435	3 800	-9.6%

Revenue growth & acceleration

Growth accelerating ▲

Last-year revenue growth +30% vs +19% the year before — a +11.2 pp move. 3-year CAGR +20%.

revenue growth by year: 2023 +11% · 2024 +19% · 2025 +30%

The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 6.3x · target 75th pct (3y) 21.9x · LTM avg 11.3x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-03-03	0.25 AUD	Ex-dividend: 0.25 AUD per share	Paid	Yahoo Finance (ex-div)
2025-09-02	0.3 AUD	Ex-dividend: 0.3 AUD per share	Paid	Yahoo Finance (ex-div)
2025-03-04	0.25 AUD	Ex-dividend: 0.25 AUD per share	Paid	Yahoo Finance (ex-div)
2024-09-03	0.25 AUD	Ex-dividend: 0.25 AUD per share	Paid	Yahoo Finance (ex-div)
2024-03-05	0.15 AUD	Ex-dividend: 0.15 AUD per share	Paid	Yahoo Finance (ex-div)
2023-09-05	0.155 AUD	Ex-dividend: 0.155 AUD per share	Paid	Yahoo Finance (ex-div)
2023-03-06	0.11 AUD	Ex-dividend: 0.11 AUD per share	Paid	Yahoo Finance (ex-div)
2022-09-06	0.115 AUD	Ex-dividend: 0.115 AUD per share	Paid	Yahoo Finance (ex-div)
2022-03-06	0.1 AUD	Ex-dividend: 0.1 AUD per share	Paid	Yahoo Finance (ex-div)
2021-09-06	0.095 AUD	Ex-dividend: 0.095 AUD per share	Paid	Yahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Northern Star Resources (NST) — from primary filings.

Northern Star Resources is a gold mining company that explores, develops, mines, and processes gold deposits, and sells refined gold. It operates in Western Australia, the Northern Territory, and Alaska.

Northern Star Resources (NST) AUD