Company Valuation: VR Resources Ltd.

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026
Market Cap 1 26.28 26.37 13.12 25.19 2.669 11.08
Change - 0.33% -50.25% 92.02% -89.4% 315.3%
Enterprise Value (EV) 1 23.35 24.4 12.37 23.06 2.083 8.552
Change - 4.5% -49.28% 86.39% -90.97% 310.59%
P/E -29.6x -9.78x -5.12x -3.34x -0.49x -5.73x
PBR 2.35x 2.41x 1.18x 3.34x 0.75x 2.04x
PEG - -0x 0.3x -0x 0x 0.1x
Capitalization / Revenue - - - - - -
EV / Revenue - - - - - -
EV / EBITDA -34.3x -28.6x -19.2x -29x -2.27x -7.67x
EV / EBIT -34.2x -9.51x -4.75x -3.24x -0.62x -7.43x
EV / FCF -11.3x -13.3x -5.07x -10.5x 2.92x -6.37x
FCF Yield -8.82% -7.5% -19.7% -9.5% 34.2% -15.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.1148 -0.322 -0.2637 -0.6295 -0.4043 -0.0558
Distribution rate - - - - - -
Net sales - - - - - -
EBITDA 1 -0.6814 -0.8518 -0.6433 -0.7953 -0.9192 -1.116
EBIT 1 -0.6828 -2.565 -2.603 -7.126 -3.347 -1.151
Net income 1 -0.8069 -2.613 -2.401 -7.085 -5.012 -0.9757
Net Debt 1 -2.932 -1.968 -0.7442 -2.126 -0.5861 -2.532
Reference price 2 3.4000 3.1500 1.3500 2.1000 0.2000 0.3200
Nbr of stocks (in thousands) 7,729 8,370 9,717 11,995 13,344 34,637
Announcement Date 7/9/21 7/14/22 6/16/23 6/14/24 7/23/25 6/16/26
1CAD in Million2CAD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.42x10.48x16.13x1.91% 177B
25.76x3.84x9.19x0.78% 110B
13.06x1.55x6.28x2.75% 59.51B
20.71x3.84x12.46x0.92% 22.65B
37.16x - - 1.09% 22.61B
8.11x0.3x8.37x5.36% 22B
24.15x1.37x11.78x1.82% 20.35B
13.36x1.78x11.9x2.46% 19.34B
Average 21.22x 3.31x 10.87x 2.14% 56.67B
Weighted average by Cap. 23.60x 5.86x 12.01x 1.84%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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