Financials Vulcan Energy Resources Limited

Equities

Market Closed - Australian S.E. Other stock markets 02:10:15 2024-05-07 EDT			5-day change	1st Jan Change
3.46 ^AUD	-1.42%		+1.47%	+21.40%

04-24	ABB, Vulcan Energy Resources Team Up for Lithium Reserve Project in Europe	MT
04-11	Strong US Inflation Numbers Bear Down on Australian Shares	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	167.6	993.2	618.6	334	394.2	-	-
Enterprise Value (EV) ²	167.6	908.7	618.6	248.8	-483.4	708	1,400
P/E ratio	-37.4 x	-84.4 x	-43.3 x	-10.1 x	-13 x	-10.4 x	-6.12 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	-	2,125 x	158 x	45.5 x	55.4 x	50.6 x	2.48 x
EV / Revenue	-	1,944 x	158 x	33.9 x	-68 x	90.9 x	8.8 x
EV / EBITDA	-	-116 x	-	-8.74 x	8.81 x	-10.1 x	-60.1 x
EV / FCF	-	-123 x	-	-1.97 x	2.77 x	-0.74 x	-3.51 x
FCF Yield	-	-0.81%	-	-50.9%	36.1%	-136%	-28.5%
Price to Book	-	8.74 x	-	1.1 x	1.23 x	1.39 x	1.8 x
Nbr of stocks (in thousands)	78,934	131,542	143,435	172,073	172,073	-	-
Reference price ³	2.760	10.40	6.330	2.850	3.460	3.460	3.460
Announcement Date	20-09-30	21-09-02	23-03-27	24-03-27	-	-	-

¹AUD in Million²USD in Million³AUD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	0.4675	3.905	7.339	7.109	7.787	159.1
EBITDA ¹	-	-7.856	-	-28.48	-54.87	-69.87	-23.27
EBIT ¹	-	-7.953	-	-34.83	-63.05	-102.4	-93.23
Operating Margin	-	-1,701.34%	-	-474.57%	-886.97%	-1,314.88%	-58.59%
Earnings before Tax (EBT) ¹	-	-7.953	-	-31.17	-119.7	-169.8	-171.8
Net income ¹	-2.547	-7.953	-	-29.17	-99.5	-139.5	-85.69
Net margin	-	-1,701.34%	-	-397.51%	-1,399.6%	-1,791.47%	-53.86%
EPS ²	-0.0737	-0.1232	-0.1461	-0.2820	-0.2660	-0.3320	-0.5650
Free Cash Flow ¹	-	-7.392	-	-126.6	-174.3	-961.2	-398.5
FCF margin	-	-1,581.28%	-	-1,724.36%	-2,452.43%	-12,344.3%	-250.45%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	20-09-30	21-09-02	23-03-27	24-03-27	-	-	-

¹USD in Million²AUD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	314	1,005
Net Cash position ¹	-	84.5	-	85.2	878	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-4.491 x	-43.2 x
Free Cash Flow ¹	-	-7.39	-	-127	-174	-961	-399
ROE (net income / shareholders' equity)	-	-15.6%	-	-10.8%	-41.3%	-48.7%	-14.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.190	-	2.590	2.820	2.490	1.930
Cash Flow per Share ²	-	-0.0300	-	-0.2500	-2.210	-5.930	-6.640
Capex ¹	-	5.29	-	100	160	879	617
Capex / Sales	-	1,131.4%	-	1,365.65%	2,245.94%	11,287.61%	388.02%
Announcement Date	20-09-30	21-09-02	23-03-27	24-03-27	-	-	-

¹USD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.46 AUD

Average target price

9.25 AUD

Spread / Average Target

+167.34%

	1st Jan change	Capi.
VULCAN ENERGY RESOURCES LIMITED	+21.40%	400M
SOUTHERN COPPER CORPORATION	+35.32%	91.26B
FREEPORT-MCMORAN INC.	+20.23%	73.23B
MINING AND METALLURGICAL COMPANY NORILSK NICKEL	-.--%	27.99B
JIANGXI COPPER COMPANY LIMITED	+47.28%	10.32B
SUMITOMO METAL MINING CO., LTD.	+23.43%	9.4B
BOLIDEN AB	+15.07%	9.16B
KOREA ZINC INC.	-5.02%	7.06B
WESTERN MINING CO.,LTD.	+35.39%	6.49B
JINDUICHENG MOLYBDENUM CO., LTD.	+19.47%	5.05B