Company Valuation: Lynas Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,145 7,878 6,397 5,543 8,054 15,993 - -
Change - 53.12% -18.8% -13.35% 45.31% 98.57% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 15,004 14,457 13,706
Change - 49.92% -21.64% -6.69% 54.87% 86.64% -3.65% -5.2%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 55.1x 22.6x 15.3x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 4.41x 3.72x 3.07x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.3x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 15x 8.91x 7.04x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 14x 8.06x 6.03x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 32.2x 14x 9.1x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 45.2x 16.6x 10.3x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 77x 23.9x 16x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.3% 4.18% 6.26%
Dividend per Share 2 - - - - - - - 0.2676
Rate of return - - - - - - - 1.68%
EPS 2 0.1799 0.597 0.3392 0.0901 0.0085 0.2886 0.7038 1.04
Distribution rate - - - - - - - 25.7%
Net sales 1 489 920 739.3 463.3 556.5 1,068 1,794 2,271
EBITDA 1 235.3 601.2 377.7 132.1 101.2 466.5 1,035 1,506
EBIT 1 169.5 540.6 315.5 75.23 6.191 331.8 871.4 1,329
Net income 1 157.1 540.8 310.7 84.51 7.99 280.4 725.2 1,046
Net Debt 1 -409.7 -778.8 -833.8 -352 -15.23 -989 -1,536 -2,287
Reference price 2 5.71 8.73 6.85 5.93 8.61 15.89 15.89 15.89
Nbr of stocks (in thousands) 901,079 902,412 933,815 934,718 935,447 1,006,503 - -
Announcement Date 8/26/21 A 8/25/22 A 8/28/23 A 8/27/24 A 8/27/25 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
55.07x14.04x32.17x-.--% 11.17B
29.58x - - 0.56% 19.97B
-662.57x16.9x49.21x-.--% 8.05B
27.47x - - - 5.47B
-17.85x - - - 3.83B
28.71x - - - 1.99B
-76.92x - -6.73x - 848M
-24.48x - -22.17x-.--% 694M
Average -80.12x 15.47x 13.12x 0.14% 6.5B
Weighted average by Cap. -78.29x 15.24x 35.37x 0.28%

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 Lynas Rare Earths Limited