Company Valuation: Brazilian Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 409.2 581.8 1,088 980.5 - -
Change - 42.19% 86.91% -9.84% - -
Enterprise Value (EV) 1 409.2 500.1 925.2 866.1 904.2 937.3
Change - 22.23% 84.98% -6.38% 4.4% 3.65%
P/E -5.17x -11.9x -23.8x -13.6x -16.4x -15.8x
PBR - 7.15x 6.71x 8.61x 13.5x 36.7x
PEG 0.1x 0.3x 1.5x -0.2x 1x -4.18x
Capitalization / Revenue - 217x 257x - - -
EV / Revenue - 186x 218x - - -
EV / EBITDA - -10.9x -22.2x -11.5x -14.6x -14.9x
EV / EBIT - -10.9x -22.2x -11.5x -14.5x -14.8x
EV / FCF - -11.8x -27x -12.6x -14.6x -14.9x
FCF Yield - -8.45% -3.71% -7.91% -6.86% -6.72%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.3694 -0.1976 -0.1662 -0.257 -0.2137 -0.2218
Distribution rate - - - - - -
Net sales 1 - 2.685 4.238 - - -
EBITDA 1 - -46.05 -41.74 -75.3 -62 -63
EBIT 1 - -46.07 -41.75 -75.3 -62.5 -63.5
Net income 1 -69.08 -46.07 -42.06 -72.27 -60.16 -62.42
Net Debt 1 - -81.69 -162.4 -114.4 -76.3 -43.28
Reference price 2 1.910 2.360 3.960 3.500 3.500 3.500
Nbr of stocks (in thousands) 214,230 246,539 274,627 280,154 - -
Announcement Date 3/26/24 A 3/31/25 A 3/29/26 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-13.62x - -11.5x-.--% 703M
31.97x2.65x21.38x0.6% 20.2B
25.13x8.08x14.73x0.57% 10.37B
-183.71x19.29x62.11x-.--% 9B
23.57x - - - 5.48B
-18.04x - - - 3.81B
-4x - - - 1.92B
53.32x - - - 1.87B
-71.98x - -16.11x - 806M
Average -17.48x 10.01x 14.12x 0.29% 6.02B
Weighted average by Cap. -12.21x 7.86x 27.32x 0.45%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  4. Valuation Brazilian Rare Earths Limited
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