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 13,900 - -
Change - 53.12% -18.8% -13.35% 45.31% 72.58% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 12,872 12,553 11,948
Change - 49.92% -21.64% -6.69% 54.87% 60.12% -2.48% -4.81%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 57.1x 23.4x 16.1x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 3.94x 3.44x 2.92x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 13.8x 8.4x 6.55x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 12.8x 7.59x 5.63x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 31.4x 13.6x 9.01x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 44.3x 16x 10.6x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 74.9x 23.7x 17.8x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.33% 4.21% 5.62%
Dividend per Share 2 - - - - - - 0.058 0.2464
Rate of return - - - - - - 0.41% 1.75%
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 14.10 14.10 14.10
Nbr of stocks (in thousands) 901,079 902,412 933,815 934,718 935,447 1,006,503 - -
Announcement Date 26/08/21 25/08/22 28/08/23 27/08/24 27/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
57.08x13.06x32.1x-.--% 9.83B
31.08x - - 0.53% 21.01B
-403.47x14.06x42.09x-.--% 6.78B
26.69x - - - 5.32B
-14.97x - - - 3.2B
28.73x - - - 1.99B
-73.08x - -4.62x - 799M
-26x - -22.62x-.--% 714M
Average -46.74x 13.56x 11.74x 0.13% 6.21B
Weighted average by Cap. -29.17x 13.47x 32.07x 0.29%

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