Company Valuation: Cullen Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 9.722 4.882 5.043 3.991 2.774 4.16
Change - -49.78% 3.29% -20.85% -30.51% 50%
Enterprise Value (EV) 1 8.308 4.288 4.455 3.899 2.826 3.867
Change - -48.39% 3.9% -12.47% -27.52% 36.82%
P/E -5.91x -3.4x -4x -3.33x -2.99x 12.2x
PBR 1.61x 0.93x 0.96x 0.85x 0.61x 0.85x
PEG - 0.2x 0.1x 0.2x 0.1x -0x
Capitalization / Revenue 140x 87.7x 59.6x 33.3x 17.6x 2.68x
EV / Revenue 120x 77x 52.7x 32.5x 17.9x 2.49x
EV / EBITDA -24.6x -19.4x -18.7x -13.6x -13.8x 3.18x
EV / EBIT -6.84x -3.33x -4.12x -3.71x -3.51x 9.21x
EV / FCF -13.1x -5.33x -6.61x -6.82x -5.82x 14.4x
FCF Yield -7.65% -18.8% -15.1% -14.7% -17.2% 6.94%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.004399 -0.003528 -0.0025 -0.0021 -0.001336 0.00049
Distribution rate - - - - - -
Net sales 1 0.0695 0.0557 0.0846 0.1199 0.1578 1.554
EBITDA 1 -0.3378 -0.2212 -0.2388 -0.2857 -0.2048 1.214
EBIT 1 -1.214 -1.288 -1.08 -1.051 -0.8058 0.4201
Net income 1 -1.347 -1.379 -1.166 -1.141 -0.9023 0.3403
Net Debt 1 -1.414 -0.5946 -0.5881 -0.0919 0.0526 -0.2935
Reference price 2 0.026000 0.012000 0.010000 0.007000 0.004000 0.006000
Nbr of stocks (in thousands) 373,918 406,859 504,291 570,173 693,402 693,402
Announcement Date 9/24/21 9/23/22 9/21/23 9/26/24 9/29/25 9/25/26
1AUD in Million2AUD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2.93M
15.81x3.7x6.71x3.67% 206B
10.2x2.44x5.39x5.86% 141B
13.27x3.91x6.46x3.74% 93.36B
10.84x0.36x5.82x3.34% 81.68B
26.18x5.84x15.66x-.--% 58.29B
112.78x2.98x7.3x1.8% 53.17B
10.55x2.64x5.03x0.59% 29.74B
10.24x3.24x4.9x5.99% 22.06B
10.06x3.7x6.24x4.9% 22.49B
Average 24.44x 3.20x 7.06x 3.32% 70.76B
Weighted average by Cap. 21.35x 3.16x 6.95x 3.61%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Cullen Resources Limited

Historical PBR trend

Valuation ratios - PBR - Cullen Resources Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Cullen Resources Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Cullen Resources Limited

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