Company Valuation: Fitzroy River Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 16.19 14.03 18.35 13.49 17.81 22.13
Change - -13.33% 30.77% -26.47% 32% 24.24%
Enterprise Value (EV) 1 15.72 12.76 16.59 11.11 17.06 8.935
Change - -18.82% 30.04% -33.06% 53.59% -47.63%
P/E 167x 16.5x 132x -179x -65.4x -108x
PBR 2.6x 1.83x 3.12x 2.38x 6.27x 8.38x
PEG - 0x -1.6x 1x -0x 4.4x
Capitalization / Revenue 23.4x 10.9x 17.7x 18.6x 29.3x 37.3x
EV / Revenue 22.7x 9.88x 16x 15.3x 28.1x 15.1x
EV / EBITDA 63.4x 14.2x 25.1x 30.7x 75.5x 160x
EV / EBIT -333x 21.1x 45.4x -196x -88.6x -24.6x
EV / FCF -150x 28.9x 19.7x 30.4x 35.4x 0.36x
FCF Yield -0.67% 3.46% 5.08% 3.29% 2.83% 276%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.000899 0.007883 0.001285 -0.0007 -0.002522 -0.001899
Distribution rate - - - - - -
Net sales 1 0.6912 1.291 1.037 0.7255 0.6075 0.593
EBITDA 1 0.2481 0.8989 0.6607 0.362 0.226 0.0558
EBIT 1 -0.0472 0.6035 0.3653 -0.0566 -0.1926 -0.3628
Net income 1 0.0836 0.851 0.1388 -0.0719 -0.2723 -0.201
Net Debt 1 -0.4744 -1.273 -1.758 -2.385 -0.7498 -13.2
Reference price 2 0.1500 0.1300 0.1700 0.1250 0.1650 0.2050
Nbr of stocks (in thousands) 107,954 107,954 107,954 107,954 107,954 107,954
Announcement Date 9/15/21 9/30/22 9/15/23 9/3/24 9/3/25 9/4/26
1AUD in Million2AUD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 23.09M
12.2x2.38x5.26x2.63% 155B
12.04x3.19x6.22x3.67% 98.82B
8.46x2.55x4.47x2.89% 74.93B
7.2x2.46x3.89x1.76% 58.03B
9.59x1.43x4.65x1.97% 57.7B
9.39x2.55x5.07x2.27% 56.23B
11.42x3.39x4.83x2.31% 52.93B
12.03x3.24x4.93x6.18% 42.15B
5.57x1.63x3.9x4.85% 33.79B
Average 9.77x 2.54x 4.80x 3.17% 63B
Weighted average by Cap. 10.35x 2.56x 4.99x 2.98%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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