Company Valuation: Ramelius Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,380 754.6 1,249 2,195 2,921 5,807 - -
Change - -45.31% 65.52% 75.7% 33.09% 98.81% - -
Enterprise Value (EV) 1 1,177 606.8 1,027 1,781 2,201 5,332 5,127 4,715
Change - -48.45% 69.16% 73.47% 23.63% 142.2% -3.84% -8.04%
P/E 11x 60x 18.1x 10x 6.19x 41.5x 10.3x 6.87x
PBR 2.17x 1.05x 1.33x 1.66x 1.54x 1.49x 1.39x 1.24x
PEG - -0.7x 0x 0x 0x -0.5x 0x 0.1x
Capitalization / Revenue 2.18x 1.25x 1.98x 2.49x 2.43x 5.44x 3.85x 2.83x
EV / Revenue 1.86x 1x 1.63x 2.02x 1.83x 4.99x 3.4x 2.29x
EV / EBITDA 3.45x 2.07x 3.72x 3.85x 2.68x 7.63x 5.05x 3.19x
EV / EBIT 6.63x 5.53x 9.18x 6.36x 3.34x 15.5x 6.81x 4.23x
EV / FCF 9.63x -18.2x 7.3x 5.37x 3.61x 18.8x 9.82x 5.5x
FCF Yield 10.4% -5.51% 13.7% 18.6% 27.7% 5.32% 10.2% 18.2%
Dividend per Share 2 0.045 0.01 0.02 0.05 0.08 0.0507 0.0598 0.1033
Rate of return 2.65% 1.15% 1.59% 2.6% 3.17% 1.65% 1.95% 3.36%
EPS 2 0.1545 0.0145 0.0695 0.1917 0.4068 0.0741 0.2972 0.4469
Distribution rate 29.1% 69% 28.8% 26.1% 19.7% 68.4% 20.1% 23.1%
Net sales 1 634.3 603.9 631.3 882.6 1,203 1,068 1,508 2,055
EBITDA 1 341 292.8 276.3 462.2 822.2 698.4 1,015 1,479
EBIT 1 177.5 109.8 111.8 279.9 658.2 343.1 752.3 1,115
Net income 1 126.8 12.4 61.56 216.6 474.2 173.4 564.1 847.8
Net Debt 1 -202.5 -147.8 -222.5 -413.8 -719.3 -474.7 -679.7 -1,092
Reference price 2 1.695 0.870 1.260 1.920 2.520 3.070 3.070 3.070
Nbr of stocks (in thousands) 814,017 867,385 991,298 1,142,970 1,158,992 1,891,390 - -
Announcement Date 8/25/21 A 8/28/22 A 8/27/23 A 8/25/24 A 8/24/25 A - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
41.45x4.99x7.63x1.65% 4B
23.18x13.98x15.16x0.85% 40.06B
5.51x2.23x3.09x7.35% 29.51B
14.88x4.45x7.59x3.46% 17.32B
8.58x - - 7.67% 13.11B
4.88x1.53x3x5.51% 9.44B
20.19x11.15x13.55x0.76% 6.21B
6x0.46x3.8x9.03% 3.64B
16.79x2.76x11.38x-.--% 3.12B
Average 15.72x 5.19x 8.15x 4.03% 14.05B
Weighted average by Cap. 14.81x 7.21x 9.02x 4.01%

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 Ramelius Resources Limited