LYNAS RARE EARTHS LIMITED Financials Lynas Rare Earths Limited BOERSE MUENCHEN
Equities
LYI
AU000000LYC6
Non-Gold Precious Metals & Minerals
|
Real-time
Other stock markets
|
5-day change | 1st Jan Change | ||
| 3.748 EUR | +0.62% |
|
-1.32% | -13.95% |
| 06-20 | Rising demand for responsible rare earths is not lifting prices, says Lynas | RE |
| 06-17 | Western rare earths supply chain springs into gear | RE |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,716 | 1,353 | 5,145 | 7,878 | 6,397 | 5,590 | - | - |
| Enterprise Value (EV) 1 | 1,820 | 1,453 | 4,735 | 7,099 | 5,563 | 5,276 | 5,229 | 4,876 |
| P/E ratio | 22.4 x | -69.4 x | 31.7 x | 14.6 x | 20.2 x | 65.4 x | 19.1 x | 12.9 x |
| Yield | - | - | - | - | - | - | 0.15% | 0.7% |
| Capitalization / Revenue | 4.72 x | 4.43 x | 10.5 x | 8.56 x | 8.65 x | 11 x | 5.19 x | 3.84 x |
| EV / Revenue | 5 x | 4.76 x | 9.68 x | 7.72 x | 7.52 x | 10.3 x | 4.85 x | 3.35 x |
| EV / EBITDA | 18.1 x | 24.3 x | 20.1 x | 11.8 x | 14.7 x | 38.4 x | 12.5 x | 7.53 x |
| EV / FCF | 25.3 x | 72.7 x | 27.1 x | 25.9 x | -26.6 x | -9.56 x | 301 x | 9.38 x |
| FCF Yield | 3.95% | 1.38% | 3.69% | 3.86% | -3.75% | -10.5% | 0.33% | 10.7% |
| Price to Book | 3.22 x | 2.61 x | 4.75 x | 4.79 x | 2.96 x | 2.49 x | 2.24 x | 1.95 x |
| Nbr of stocks (in thousands) | 667,801 | 699,209 | 901,079 | 902,412 | 933,815 | 934,718 | - | - |
| Reference price 2 | 2.570 | 1.935 | 5.710 | 8.730 | 6.850 | 5.980 | 5.980 | 5.980 |
| Announcement Date | 8/28/19 | 8/16/20 | 8/26/21 | 8/25/22 | 8/28/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 363.5 | 305.1 | 489 | 920 | 739.3 | 509.9 | 1,078 | 1,456 |
| EBITDA 1 | 100.7 | 59.72 | 235.3 | 601.2 | 377.7 | 137.5 | 419.4 | 647.7 |
| EBIT 1 | 56.44 | -6.245 | 169.5 | 540.6 | 315.5 | 73.51 | 334.2 | 543.3 |
| Operating Margin | 15.52% | -2.05% | 34.66% | 58.76% | 42.68% | 14.41% | 31% | 37.33% |
| Earnings before Tax (EBT) 1 | 80.22 | -19.16 | 157.5 | 535.8 | 347.8 | 90.55 | 343.4 | 555.9 |
| Net income 1 | 80.03 | -19.4 | 157.1 | 540.8 | 310.7 | 81.83 | 295.7 | 460.9 |
| Net margin | 22.01% | -6.36% | 32.12% | 58.78% | 42.02% | 16.05% | 27.44% | 31.67% |
| EPS 2 | 0.1147 | -0.0279 | 0.1799 | 0.5970 | 0.3392 | 0.0914 | 0.3130 | 0.4634 |
| Free Cash Flow 1 | 71.83 | 19.98 | 174.6 | 273.8 | -208.8 | -551.9 | 17.35 | 519.6 |
| FCF margin | 19.76% | 6.55% | 35.71% | 29.76% | -28.24% | -108.23% | 1.61% | 35.7% |
| FCF Conversion (EBITDA) | 71.31% | 33.46% | 74.22% | 45.54% | - | - | 4.14% | 80.22% |
| FCF Conversion (Net income) | 89.76% | - | 111.16% | 50.62% | - | - | 5.87% | 112.73% |
| Dividend per Share 2 | - | - | - | - | - | - | 0.009110 | 0.0418 |
| Announcement Date | 8/28/19 | 8/16/20 | 8/26/21 | 8/25/22 | 8/28/23 | - | - | - |
1AUD in Million2AUD
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: June | 2022 Q2 | 2022 S1 | 2022 Q4 | 2022 S2 | 2023 S1 | 2023 S2 | 2024 S1 | 2024 Q3 | 2024 S2 | 2025 S1 | 2025 S2 | 2026 S1 | 2026 S2 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales | - | 314.8 | - | 605.2 | 370 | 369.3 | 234.8 | - | 257.1 | 437.8 | 533.9 | 757.5 | - |
| EBITDA 1 | 78.64 | 189.8 | 187.1 | - | 189 | 188.6 | 62.57 | 18 | 100.5 | 184.6 | 298.9 | - | - |
| EBIT | - | 161.9 | - | 378.7 | 158 | 157.5 | 31.79 | - | 46.29 | 148.1 | 220.6 | 317.8 | - |
| Operating Margin | - | 51.44% | - | 62.58% | 42.71% | 42.64% | 13.54% | - | 18% | 33.82% | 41.32% | 41.95% | - |
| Earnings before Tax (EBT) | - | 157.2 | - | - | 170.1 | 177.8 | 50.25 | - | 84 | 150.8 | 260.3 | - | - |
| Net income | - | 156.9 | - | - | 150.1 | 160.6 | 39.54 | - | 58.8 | 105.6 | 182.2 | - | - |
| Net margin | - | 49.83% | - | - | 40.56% | 43.49% | 16.84% | - | 22.87% | 24.12% | 34.13% | - | - |
| EPS 2 | 0.0900 | 0.1732 | 0.2100 | - | 0.1656 | 0.1736 | 0.0422 | 0.0100 | 0.0630 | 0.1130 | 0.1940 | 0.2203 | 0.1520 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/24/22 | 2/24/22 | 8/25/22 | 8/25/22 | 2/26/23 | 8/28/23 | 2/25/24 | - | - | - | - | - | - |
1AUD in Million2AUD
Estimates
Balance Sheet Analysis
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 103 | 100 | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 410 | 779 | 834 | 314 | 361 | 714 |
| Leverage (Debt/EBITDA) | 1.025 x | 1.678 x | - | - | - | - | - | - |
| Free Cash Flow 1 | 71.8 | 20 | 175 | 274 | -209 | -552 | 17.4 | 520 |
| ROE (net income / shareholders' equity) | 7.59% | -3.68% | 13% | 39.6% | 16.3% | 4.1% | 10.1% | 13.3% |
| ROA (Net income/ Total Assets) | - | -2.14% | 13% | 30.6% | 13.2% | 2.64% | 8.22% | 13.1% |
| Assets 1 | - | 907.6 | 1,207 | 1,770 | 2,350 | 3,095 | 3,598 | 3,529 |
| Book Value Per Share 2 | 0.8000 | 0.7400 | 1.200 | 1.820 | 2.320 | 2.400 | 2.660 | 3.070 |
| Cash Flow per Share 2 | 0.1500 | 0.0400 | 0.2500 | 0.5100 | 0.4200 | 0.1200 | 0.3500 | 0.6600 |
| Capex 1 | 32.3 | 12.1 | 40.4 | 186 | 596 | 635 | 312 | 201 |
| Capex / Sales | 8.88% | 3.96% | 8.27% | 20.25% | 80.55% | 124.51% | 28.92% | 13.79% |
| Announcement Date | 8/28/19 | 8/16/20 | 8/26/21 | 8/25/22 | 8/28/23 | - | - | - |
1AUD in Million2AUD
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
16
Last Close Price
5.98
AUD
Average target price
7.242
AUD
Spread / Average Target
+21.10%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -12.56% | 8.42B | |
| +2.17% | 2.3B | |
| -32.54% | 2.21B | |
| -15.52% | 2.08B | |
| +51.83% | 394M | |
| +9.09% | 269M | |
| +20.82% | 210M | |
| -8.64% | 122M | |
| -39.76% | 93.49M |
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