Company Valuation: Lynas Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,145 7,878 6,397 5,543 8,054 16,587 - -
Change - 53.12% -18.8% -13.35% 45.31% 105.94% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 15,598 15,015 14,325
Change - 49.92% -21.64% -6.69% 54.87% 94.03% -3.74% -4.6%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 57x 23.4x 16.9x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 4.57x 3.83x 3.22x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 15.5x 9.17x 7.5x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 14.6x 8.3x 6.48x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 33.4x 14.5x 9.91x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 47x 17.1x 11.5x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 83.6x 25x 16.4x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.2% 3.99% 6.1%
Dividend per Share 2 - - - - - - - 0.2676
Rate of return - - - - - - - 1.62%
EPS 2 0.1799 0.597 0.3392 0.0901 0.0085 0.2891 0.7039 0.977
Distribution rate - - - - - - - 27.4%
Net sales 1 489 920 739.3 463.3 556.5 1,069 1,809 2,212
EBITDA 1 235.3 601.2 377.7 132.1 101.2 466.5 1,035 1,445
EBIT 1 169.5 540.6 315.5 75.23 6.191 332.1 877.2 1,249
Net income 1 157.1 540.8 310.7 84.51 7.99 280.7 742.7 983.5
Net Debt 1 -409.7 -778.8 -833.8 -352 -15.23 -989.2 -1,572 -2,262
Reference price 2 5.71 8.73 6.85 5.93 8.61 16.48 16.48 16.48
Nbr of stocks (in thousands) 901,079 902,412 933,815 934,718 935,447 1,006,503 - -
Announcement Date 8/26/21 8/25/22 8/28/23 8/27/24 8/27/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.46x - - 0.52% 21.26B
-743.85x19.07x55.49x-.--% 9.04B
31.48x - - - 6.27B
-20.75x - - - 4.45B
28.88x - - - 2B
-84.62x - -11.33x - 941M
-26.97x - -24.66x-.--% 765M
-4.96x - - - 741M
Average -98.67x 19.07x 6.50x 0.17% 5.68B
Weighted average by Cap. -131.89x 19.07x 43.93x 0.36%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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  5. Valuation Lynas Rare Earths Limited