Company Valuation: Athena Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 6.012 7.221 15.45 6.423 2.141 18.13
Change - 20.1% 113.92% -58.42% -66.67% 746.72%
Enterprise Value (EV) 1 6.094 7.131 14.78 4.987 2.442 16.37
Change - 17.01% 107.32% -66.27% -51.03% 570.33%
P/E -17.5x 18,182x -26.3x -8.23x -3.08x -15.6x
PBR 0.8x 0.79x 1.37x 0.48x 0.17x 1.17x
PEG - -182x 0x -9.08x 0.3x 0.7x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA -19.7x -21.2x -32.6x -8.74x -4.04x -23.9x
EV / EBIT -19.3x -21.1x -32.5x -8.74x -4.04x -23.9x
EV / FCF -8.44x -3.73x -9.47x -2.64x -1.59x -14.7x
FCF Yield -11.9% -26.8% -10.6% -37.9% -62.8% -6.81%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0229 0.000022 -0.0144 -0.0146 -0.013 -0.0103
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA 1 -0.31 -0.3369 -0.4535 -0.5704 -0.604 -0.6841
EBIT 1 -0.3156 -0.3381 -0.4548 -0.5704 -0.6051 -0.6847
Net income 1 -0.334 0.000343 -0.5477 -0.681 -0.6962 -0.8048
Net Debt 1 0.082 -0.09 -0.6633 -1.436 0.3011 -1.758
Reference price 2 0.4000 0.4000 0.3800 0.1200 0.0400 0.1600
Nbr of stocks (in thousands) 15,030 18,052 40,648 53,523 53,523 113,298
Announcement Date 9/30/20 8/17/21 9/30/22 8/1/23 9/29/24 9/30/25
1AUD in Million2AUD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 7.59M
16.38x3.93x7.06x3.55% 218B
11.52x2.85x6.18x5.1% 167B
14.93x4.29x7.08x3.19% 98.79B
12.51x0.39x6.31x3.32% 90.92B
25.97x6.31x16.75x-.--% 64.07B
56.56x3.2x7.84x2.26% 57.98B
15.32x3.12x6.17x0.59% 32B
13.49x4.35x6.68x4.39% 29.56B
12.93x4.63x8.18x3.96% 25.3B
Average 19.96x 3.67x 8.03x 2.93% 78.29B
Weighted average by Cap. 18.21x 3.48x 7.63x 3.35%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation Athena Resources Limited
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