Company Valuation: Arafura Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 446.4 644.6 404.3 431.3 1,312 971.6 - -
Change - 44.4% -37.28% 6.67% 204.23% -25.95% - -
Enterprise Value (EV) 1 421.7 515.7 362.9 404.3 590.1 536.7 1,463 2,177
Change - 22.3% -29.64% 11.42% 45.95% -9.05% 172.55% 48.83%
P/E -12.2x -6.04x -3.84x -22.2x -23.3x -45.6x -36.4x -6.68x
PBR - 3x 2.92x 2.89x 1.55x 0.94x 0.94x 1.08x
PEG - -0x 0.4x 0.3x -0.7x 0.7x -1.4x -0x
Capitalization / Revenue - - - - - - 46,667x 7.62x
EV / Revenue - - - - - - 70,258x 17.1x
EV / EBITDA -11.9x -5.21x -3.71x -12.6x -14.6x -12.5x -33.4x -30.6x
EV / EBIT -11.8x -5.18x -3.42x -12.4x -14.4x -10.9x -29.4x -20.3x
EV / FCF -13.6x -7.4x -3.32x - -20.3x -0.6x -1.56x 18.4x
FCF Yield -7.37% -13.5% -30.1% - -4.92% -166% -64.3% 5.44%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0233 -0.0505 -0.0456 -0.0079 -0.0105 -0.00351 -0.0044 -0.0239
Distribution rate - - - - - - - -
Net sales 1 - - - - - - 0.0208 127.6
EBITDA 1 -35.38 -99.04 -97.79 -31.98 -40.53 -42.83 -43.82 -71.08
EBIT 1 -35.7 -99.61 -106.2 -32.66 -41.01 -49.09 -49.82 -107.4
Net income 1 -35.56 -96.38 -101 -19.24 -41.09 -30.42 -32.12 -153
Net Debt 1 -24.68 -128.8 -41.42 -26.94 -721.9 -434.9 491.2 1,205
Reference price 2 0.2850 0.3050 0.1750 0.1750 0.2450 0.1600 0.1600 0.1600
Nbr of stocks (in thousands) 1,566,242 2,113,365 2,310,302 2,464,329 5,355,175 6,072,493 - -
Announcement Date 8/17/22 8/16/23 8/21/24 8/22/25 8/31/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-47.01x - -13.24x - 699M
9.19x2.05x5.36x8.11% 19.21B
29.87x2.48x20.03x0.64% 18.9B
23.79x7.58x14.24x0.18% 11.47B
8.21x1.06x3.98x11.34% 9.92B
22.56x6.98x13.29x0.27% 8.72B
21.27x - - 0.21% 8.51B
-161.06x17.45x57.45x-.--% 8.22B
4.85x0.8x2.36x8.73% 7.03B
Average -9.81x 5.49x 12.93x 3.69% 10.3B
Weighted average by Cap. 1.63x 4.72x 15.20x 3.78%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Arafura Rare Earths Limited

Historical PBR trend

Valuation ratios - PBR - Arafura Rare Earths Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Arafura Rare Earths Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Arafura Rare Earths Limited

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