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 84.08 - -
Change - -44.47% -44.21% 28.56% 36.19% 48.98% - -
Enterprise Value (EV) 1 86.31 50.61 30.83 41.44 53.96 36.75 61.48 84.08
Change - -41.36% -39.08% 34.43% 30.21% -31.89% 67.28% 36.76%
P/E -31.6x -10.3x -1.92x -5.43x -5.02x -15.5x 38x -
PBR - 2.03x 1.12x - 2.24x 0.57x 0.48x -
PEG - -0.2x -0x 0.1x -0.4x 0.3x -0x -
Capitalization / Revenue - - - - 45.6x 44.7x 2.96x 1.24x
EV / Revenue - - - - 43.6x 19.5x 2.16x 1.24x
EV / EBITDA -28.4x -9.85x -2.36x - -9.16x -4.27x 2.1x 1.88x
EV / EBIT - -9.19x -2.11x - -5.08x -2.19x 2.88x 2.78x
EV / FCF -10.3x -5.61x - - -4.91x -1.19x -2.96x -
FCF Yield -9.7% -17.8% - - -20.4% -84% -33.8% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0255 -0.0426 -0.1041 -0.0435 -0.0496 -0.024 0.00977 -
Distribution rate - - - - - - - -
Net sales 1 - - - - 1.237 1.881 28.45 67.75
EBITDA 1 -3.039 -5.137 -13.05 - -5.888 -8.602 29.25 44.79
EBIT 1 - -5.509 -14.63 - -10.63 -16.82 21.34 30.22
Net income 1 -3.081 -5.51 -14.68 -7.46 -10.64 -12.21 8.865 25.68
Net Debt 1 -17.75 -7.173 -1.407 - -2.476 -47.33 -22.6 -
Reference price 2 0.8061 0.4393 0.2002 0.2360 0.2490 0.3710 0.3710 0.3710
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.($)
-12.8x11.85x-2.59x - 69.63M
9.12x2.06x5.36x8.03% 19.41B
30.05x2.51x20.15x0.76% 19.04B
20.98x6.67x12.13x0.2% 10.11B
7.3x1.04x3.69x11.34% 9.9B
20.03x - - 0.23% 7.88B
20.88x6.3x11.96x0.3% 7.98B
4.73x0.78x2.31x8.95% 6.9B
-135.96x14.63x48.92x-.--% 6.94B
Average -3.96x 5.73x 12.74x 3.73% 9.8B
Weighted average by Cap. 5.06x 4.02x 13.66x 3.98%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ionic Rare Earths Limited

Historical PBR trend

Valuation ratios - PBR - Ionic Rare Earths Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ionic Rare Earths Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ionic Rare Earths Limited

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