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 18,661 - -
Change - 53.12% -18.8% -13.35% 45.31% 131.69% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 17,657 17,120 16,409
Change - 49.92% -21.64% -6.69% 54.87% 119.64% -3.04% -4.15%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 62.9x 26.3x 18.5x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 5.13x 4.31x 3.58x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 17.3x 10.4x 8.28x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 16.4x 9.55x 7.28x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 37x 16.3x 11x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 51.2x 19.3x 12.6x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 92.2x 31.2x 20.2x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.08% 3.2% 4.95%
Dividend per Share 2 - - - - - - - 0.2814
Rate of return - - - - - - - 1.52%
EPS 2 0.1799 0.597 0.3392 0.0901 0.0085 0.2947 0.7044 1.001
Distribution rate - - - - - - - 28.1%
Net sales 1 489 920 739.3 463.3 556.5 1,079 1,793 2,255
EBITDA 1 235.3 601.2 377.7 132.1 101.2 477.6 1,050 1,495
EBIT 1 169.5 540.6 315.5 75.23 6.191 344.8 885.8 1,305
Net income 1 157.1 540.8 310.7 84.51 7.99 294.5 708.9 1,008
Net Debt 1 -409.7 -778.8 -833.8 -352 -15.23 -1,004 -1,541 -2,251
Reference price 2 5.71 8.73 6.85 5.93 8.61 18.54 18.54 18.54
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.($)
62.91x16.37x36.97x-.--% 12.88B
36.5x - - 0.44% 25.12B
-2243.03x20.35x56x-.--% 9.6B
39.12x - - - 7.76B
-23.35x - - - 4.68B
33.95x - - - 2.35B
-6.77x - - - 899M
-32x - -29.16x-.--% 882M
-90.38x - -2.76x - 759M
Average -247.01x 18.36x 15.26x 0.11% 7.21B
Weighted average by Cap. -302.28x 18.07x 40.87x 0.23%

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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  4. Valuation Lynas Rare Earths Limited