Company Valuation: Brazilian Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 409.2 581.8 1,088 1,000 - -
Change - 42.19% 86.91% -8.03% - -
Enterprise Value (EV) 1 409.2 500.1 925.2 884.3 923.8 956.9
Change - 22.23% 84.98% -4.41% 4.47% 3.57%
P/E -5.17x -11.9x -23.8x -13.9x -16.7x -16.1x
PBR - 7.15x 6.71x 8.79x 13.8x 37.5x
PEG 0.1x 0.3x 1.5x -0.3x 1x -4.26x
Capitalization / Revenue - 217x 257x - - -
EV / Revenue - 186x 218x - - -
EV / EBITDA - -10.9x -22.2x -11.7x -14.9x -15.2x
EV / EBIT - -10.9x -22.2x -11.7x -14.8x -15.1x
EV / FCF - -11.8x -27x -12.9x -14.9x -15.2x
FCF Yield - -8.45% -3.71% -7.75% -6.71% -6.58%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.3694 -0.1976 -0.1662 -0.257 -0.2137 -0.2218
Distribution rate - - - - - -
Net sales 1 - 2.685 4.238 - - -
EBITDA 1 - -46.05 -41.74 -75.3 -62 -63
EBIT 1 - -46.07 -41.75 -75.3 -62.5 -63.5
Net income 1 -69.08 -46.07 -42.06 -72.27 -60.16 -62.42
Net Debt 1 - -81.69 -162.4 -115.8 -76.3 -43.28
Reference price 2 1.910 2.360 3.960 3.570 3.570 3.570
Nbr of stocks (in thousands) 214,230 246,539 274,627 280,154 - -
Announcement Date 3/26/24 3/31/25 3/29/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-13.89x - -11.74x-.--% 717M
32.57x2.7x21.76x0.59% 20.57B
26.32x8.49x15.49x0.54% 10.86B
-186.65x19.61x63.15x-.--% 9.14B
24.55x - - - 5.71B
-18.6x - - - 3.93B
-4x - - - 1.92B
27.16x - - - 1.9B
-75.88x - -17.52x - 849M
Average -20.93x 10.27x 14.23x 0.28% 6.18B
Weighted average by Cap. -12.84x 8.06x 27.76x 0.44%

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 Brazilian Rare Earths Limited
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