Company Valuation: Ionic Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 104.1 57.78 32.23 41.44 56.44 82.7 - -
Change - -44.47% -44.21% 28.56% 36.19% 46.53% - -
Enterprise Value (EV) 1 86.31 50.61 30.83 41.44 53.96 35.13 42.85 82.7
Change - -41.36% -39.08% 34.43% 30.21% -34.9% 21.99% 92.99%
P/E -31.6x -10.3x -1.92x -5.43x -5.02x -15.1x 13.3x -
PBR - 2.03x 1.12x - 2.24x 0.56x 0.47x -
PEG - -0.2x -0x 0.1x -0.4x 0.3x -0x -
Capitalization / Revenue - - - - 45.6x 102x 1.8x 1.19x
EV / Revenue - - - - 43.6x 43.5x 0.93x 1.19x
EV / EBITDA -28.4x -9.85x -2.36x - -9.16x -4.38x 1.46x 1.74x
EV / EBIT - -9.19x -2.11x - -5.08x -3.11x 2.01x 2.52x
EV / FCF -10.3x -5.61x - - -4.91x -0.29x 1.59x -
FCF Yield -9.7% -17.8% - - -20.4% -346% 63.1% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0255 -0.0426 -0.1041 -0.0435 -0.0496 -0.0242 0.0273 -
Distribution rate - - - - - - - -
Net sales 1 - - - - 1.237 0.8068 45.97 69.65
EBITDA 1 -3.039 -5.137 -13.05 - -5.888 -8.017 29.25 47.66
EBIT 1 - -5.509 -14.63 - -10.63 -11.3 21.34 32.75
Net income 1 -3.081 -5.51 -14.68 -7.46 -10.64 -11.31 9.458 27.81
Net Debt 1 -17.75 -7.173 -1.407 - -2.476 -47.57 -39.85 -
Reference price 2 0.8061 0.4393 0.2002 0.2360 0.2490 0.3649 0.3649 0.3649
Nbr of stocks (in thousands) 129,087 131,537 161,043 175,581 226,608 226,608 - -
Announcement Date 9/23/22 9/29/23 9/30/24 9/29/25 9/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-15.1x43.54x-4.38x - 82.7M
30.34x2.52x20.33x0.63% 19.15B
24.4x7.76x14.2x0.59% 9.73B
-168.94x17.49x56.65x-.--% 8.27B
22.62x - - - 5.26B
-16.71x - - - 3.53B
-4.16x - - - 1.99B
51.29x - - - 1.8B
-70.04x - -15.37x - 767M
-13.85x - -11.73x-.--% 700M
Average -16.02x 17.83x 9.95x 0.31% 5.13B
Weighted average by Cap. -9.75x 7.31x 25.21x 0.47%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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