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 16,728 - -
Change - 53.12% -18.8% -13.35% 45.31% 107.69% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 15,700 15,382 14,778
Change - 49.92% -21.64% -6.69% 54.87% 95.3% -2.03% -3.93%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 67.3x 27.5x 19x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 4.64x 4.06x 3.44x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 16.6x 10.1x 7.88x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 15.6x 9.3x 6.97x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 38.4x 16.7x 11.1x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 54.2x 19.6x 13.1x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 91.4x 29.1x 22x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.09% 3.44% 4.54%
Dividend per Share 2 - - - - - - 0.058 0.2464
Rate of return - - - - - - 0.35% 1.48%
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 1 235.3 601.2 377.7 132.1 101.2 409.3 921.4 1,326
EBIT 1 169.5 540.6 315.5 75.23 6.191 289.8 783.8 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 -1,028 -1,346 -1,951
Reference price 2 5.71 8.73 6.85 5.93 8.61 16.62 16.62 16.62
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.($)
36.3x - - 0.49% 22.87B
66.23x15.32x37.72x-.--% 11.67B
-228.9x22.39x70.69x-.--% 10.46B
31.04x - - - 6.21B
-23.19x - - - 4.89B
29.34x - - - 2.05B
-3.74x - - - 1.88B
-6.96x - - - 1.02B
-124.28x708.07x-18.01x - 925M
Average -24.91x 248.59x 30.13x 0.16% 6.89B
Weighted average by Cap. -12.61x 46.32x 50.44x 0.25%

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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