Company Valuation: Sandfire Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 1,824 2,696 3,993 5,151 9,050 10,264 - -
Change - 47.75% 48.12% 29% 75.7% 13.41% - -
Enterprise Value (EV) 1 2,333 3,396 4,548 5,328 9,050 9,339 8,880 8,581
Change - 45.56% 33.95% 17.13% 69.86% 3.19% -4.92% -3.36%
P/E 9.58x -32.4x -156x 36.2x 18x 14.2x 14.2x 14.7x
PBR 0.76x 1.01x 1.62x 1.92x - 2.9x 2.66x 2.45x
PEG - 0x 2.3x -0x 0x 0.3x -61.81x -4.31x
Capitalization / Revenue 1.36x 2.18x 2.9x 2.84x 3.92x 3.77x 3.87x 4x
EV / Revenue 1.74x 2.74x 3.3x 2.94x 3.92x 3.43x 3.34x 3.35x
EV / EBITDA 3.6x 8.53x 8.52x 6.55x 7.47x 5.9x 5.72x 5.81x
EV / EBIT 7.89x -417x 57.8x 15.6x 11.8x 8.79x 8.58x 8.77x
EV / FCF 8.71x -10.5x 24.8x 11x - 11x 10.6x 11.7x
FCF Yield 11.5% -9.54% 4.03% 9.08% - 9.06% 9.44% 8.53%
Dividend per Share 2 0.03 - - - - 0.6884 0.7925 0.7514
Rate of return 0.67% - - - - 3.13% 3.61% 3.42%
EPS 2 0.4645 -0.1818 -0.056 0.3096 1.068 1.55 1.546 1.493
Distribution rate 6.46% - - - - 44.4% 51.3% 50.3%
Net sales 1 1,337 1,238 1,379 1,811 2,311 2,725 2,655 2,564
EBITDA 1 648.3 398 533.9 812.8 1,212 1,582 1,553 1,477
EBIT 1 295.7 -8.144 78.7 341.1 764.8 1,062 1,035 978
Net income 1 161.5 -79.42 -25.57 143.6 497.3 689.2 691.9 675.7
Net Debt 1 508.4 700.1 555.7 177 - -925.2 -1,384 -1,683
Reference price 2 4.45 5.90 8.73 11.22 19.19 21.98 21.98 21.98
Nbr of stocks (in thousands) 409,982 456,892 457,363 459,072 471,592 466,963 - -
Announcement Date 8/29/22 8/30/23 8/28/24 7/28/25 8/25/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
14.18x3.43x5.9x3.13% 7.13B
26.53x10.25x15.7x1.95% 174B
24.23x3.6x8.61x0.83% 103B
11.21x1.3x5.36x3.17% 51.44B
26.84x5.27x7.98x1.72% 49.59B
14.43x4.29x7.03x5.54% 24.15B
74.34x4.22x12.76x0.03% 22.86B
19.41x3.55x12.12x0.98% 21.78B
6.84x0.28x7.74x6.21% 18.67B
Average 24.22x 4.02x 9.25x 2.62% 52.51B
Weighted average by Cap. 24.79x 5.90x 11.00x 2.04%

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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