Company Valuation: Ramaco Resources, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 599.9 387.8 871.2 537.7 1,122 602.2 - -
Change - -35.35% 124.62% -38.28% 108.7% -46.34% - -
Enterprise Value (EV) 1 621.4 387.8 929.7 537.7 1,133 723.7 727.4 1,035
Change - -37.58% 139.73% -42.17% 110.75% -36.13% 0.5% 42.28%
P/E 15.1x 3.38x 9.93x 93.3x -18.2x -11.5x 131x 18.8x
PBR 2.84x - 2.45x - 2.46x 1.42x 1.33x 1.17x
PEG - 0x -0.3x -1x 0x 0.6x -1x 0x
Capitalization / Revenue 2.12x 0.69x 1.26x 0.81x 2.09x 1.01x 0.85x 0.68x
EV / Revenue 2.19x 0.69x 1.34x 0.81x 2.11x 1.21x 1.02x 1.17x
EV / EBITDA 7.86x 1.9x 5.1x 5.08x 31.4x 16x 5.81x 6.8x
EV / EBIT 15.7x 2.58x 9.76x 32.3x -20.3x -13.6x 51.3x 23.7x
EV / FCF 13.2x - 13.7x 12.3x -18.6x -11.6x 23.1x 22.4x
FCF Yield 7.57% - 7.31% 8.15% -5.37% -8.63% 4.34% 4.46%
Dividend per Share 2 - - 0.5 0.55 - 0.0267 0.0433 0.05
Rate of return - - 2.91% 5.36% - 0.29% 0.47% 0.55%
EPS 2 0.9 2.6 1.73 0.11 -0.99 -0.7983 0.07 0.4875
Distribution rate - - 28.9% 500% - -3.34% 61.9% 10.3%
Net sales 1 283.4 565.7 693.5 666.3 536.6 596.8 711.9 887.9
EBITDA 1 79.04 204.6 182.1 105.8 36.06 45.29 125.3 152.3
EBIT 1 39.53 150.4 95.24 16.64 -55.96 -53.23 14.19 43.66
Net income 1 39.76 116 82.31 11.19 -51.45 -39.93 15.84 40.9
Net Debt 1 21.48 - 58.59 - 11.07 121.6 125.2 432.7
Reference price 2 13.600 8.790 17.180 10.260 18.000 9.170 9.170 9.170
Nbr of stocks (in thousands) 44,109 44,122 53,377 53,216 66,449 65,311 - -
Announcement Date 2/24/22 A 3/8/23 A 3/7/24 A 3/10/25 A 2/25/26 A - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
13.68x1.98x6.43x0.4% 4.25B
7.59x1.78x4.91x2.7% 3.37B
-30.17x0.73x9.15x-.--% 1.83B
12.62x0.07x0.22x6.35% 1.54B
39.3x - - - 717M
Average 8.60x 1.14x 5.18x 2.36% 2.34B
Weighted average by Cap. 6.51x 1.44x 5.54x 1.87%

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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