Company Valuation: Terramin Australia Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 95.25 65.61 52.91 78.31 192.6 68.48
Change - -31.11% -19.35% 48% 145.95% -64.45%
Enterprise Value (EV) 1 118.5 85.5 81.04 124.2 247.2 120.8
Change - -27.87% -5.22% 53.24% 99.06% -51.12%
P/E -18x -10.6x -7.08x -12.3x -21.7x -6.89x
PBR 3.33x 2.92x 2.9x 6.58x 63.5x 16.2x
PEG - -0.6x -0.3x 0.8x -0.5x -28.93x
Capitalization / Revenue 1,422x 1,640x 840x 739x 1,437x 539x
EV / Revenue 1,769x 2,138x 1,286x 1,172x 1,845x 952x
EV / EBITDA -49.9x -35x -40.4x -52.5x -71.1x -35x
EV / EBIT -42.8x -26.8x -4.55x -40.3x -58.9x -29.1x
EV / FCF -59.1x 450x 14.6x -40.7x -42.5x -27.4x
FCF Yield -1.69% 0.22% 6.84% -2.46% -2.35% -3.65%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0025 -0.002917 -0.003529 -0.003002 -0.004199 -0.004209
Distribution rate - - - - - -
Net sales 1 0.067 0.04 0.063 0.106 0.134 0.127
EBITDA 1 -2.377 -2.444 -2.004 -2.367 -3.475 -3.449
EBIT 1 -2.768 -3.192 -17.82 -3.082 -4.195 -4.157
Net income 1 -5.291 -6.176 -7.447 -6.354 -8.873 -8.915
Net Debt 1 23.29 19.89 28.13 45.87 54.59 52.36
Reference price 2 0.0450 0.0310 0.0250 0.0370 0.0910 0.0290
Nbr of stocks (in thousands) 2,116,563 2,116,563 2,116,563 2,116,563 2,116,563 2,361,348
Announcement Date 3/31/21 3/23/22 3/31/23 3/19/24 3/19/25 3/17/26
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 31.42M
22.6x8.7x13.38x2.22% 146B
20.21x3.05x7.3x0.99% 86.24B
12.38x1.56x5.91x2.76% 57.46B
19.42x3.52x11.8x1.06% 19.33B
8.27x0.27x8.21x4.9% 19.17B
31.17x - - 0.57% 17.68B
10.93x1.27x5.45x3.06% 13.52B
8.04x1.71x2.81x-.--% 13.19B
Average 16.63x 2.87x 7.84x 1.95% 41.45B
Weighted average by Cap. 19.04x 4.90x 9.64x 1.97%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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