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 14,192 - -
Change - 53.12% -18.8% -13.35% 45.31% 76.2% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 13,164 12,844 12,240
Change - 49.92% -21.64% -6.69% 54.87% 63.75% -2.43% -4.7%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 57.1x 23.4x 16.1x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 3.94x 3.44x 2.92x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 14.1x 8.58x 6.69x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 13.1x 7.76x 5.77x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 32.1x 13.9x 9.23x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 45.3x 16.4x 10.8x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 76.6x 24.3x 18.2x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.31% 4.12% 5.48%
Dividend per Share 2 - - - - - - 0.058 0.2464
Rate of return - - - - - - 0.41% 1.75%
EPS 2 0.1799 0.597 0.3392 0.0901 0.0085 0.247 0.6036 0.8737
Distribution rate - - - - - - 9.61% 28.2%
Net sales 1 489 920 739.3 463.3 556.5 1,008 1,655 2,122
EBITDA 1 235.3 601.2 377.7 132.1 101.2 410 921.5 1,326
EBIT 1 169.5 540.6 315.5 75.23 6.191 290.7 783.9 1,128
Net income 1 157.1 540.8 310.7 84.51 7.99 246.6 609.1 878.8
Net Debt 1 -409.7 -778.8 -833.8 -352 -15.23 -1,027 -1,347 -1,952
Reference price 2 5.71 8.73 6.85 5.93 8.61 14.10 14.10 14.10
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.($)
30.8x - - 0.54% 20.82B
-481.23x15.28x45.38x-.--% 7.35B
26.1x - - - 5.21B
-16.1x - - - 3.44B
28.43x - - - 1.97B
-71.15x - -3.57x - 784M
-26.92x - -23.52x-.--% 745M
Average -72.87x 15.28x 6.10x 0.18% 5.76B
Weighted average by Cap. -70.29x 15.28x 35.28x 0.39%

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