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 14,886 - -
Change - 53.12% -18.8% -13.35% 45.31% 84.83% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 13,859 13,539 12,935
Change - 49.92% -21.64% -6.69% 54.87% 72.39% -2.31% -4.46%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 59.9x 24.5x 16.9x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 4.13x 3.61x 3.06x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 14.8x 9x 7.02x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 13.8x 8.18x 6.1x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 33.8x 14.7x 9.75x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 47.7x 17.3x 11.5x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 55.8x 25.6x 19.3x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.79% 3.91% 5.19%
Dividend per Share 2 - - - - - - 0.058 0.2464
Rate of return - - - - - - 0.39% 1.67%
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 14.79 14.79 14.79
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.($)
59.87x13.75x33.8x-.--% 10.41B
30.83x - - 0.54% 20.84B
-481.46x15.29x45.4x-.--% 7.35B
26.31x - - - 5.24B
-16.2x - - - 3.46B
28.34x - - - 1.97B
-75x - -5.68x - 828M
-26.71x - -23.31x-.--% 741M
Average -56.75x 14.52x 12.55x 0.13% 6.36B
Weighted average by Cap. -43.63x 14.39x 34.33x 0.28%

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