Company Valuation: MP Materials Corp.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 8,079 4,311 3,530 2,546 8,954 11,060 - -
Change - -46.64% -18.12% -27.87% 251.67% 23.52% - -
Enterprise Value (EV) 1 7,592 3,807 3,214 2,604 8,122 10,628 10,528 10,703
Change - -49.86% -15.58% -18.98% 211.92% 30.85% -0.94% 1.66%
P/E ratio 62.2x 16x 142x -40x -101x 244x 61.6x 43.3x
PBR 8.01x 3.29x 2.59x 2.41x 4.53x 6.36x 4.99x 5.59x
PEG - 0x -1.6x 0x -3.6x -2x 0x 1x
Capitalization / Revenue 24.3x 8.17x 13.9x 12.5x 39.9x 27.4x 13.5x 10.5x
EV / Revenue 22.9x 7.22x 12.7x 12.8x 36.2x 26.3x 12.8x 10.2x
EV / EBITDA 34.7x 9.8x 31.4x -51.9x 711x 60.8x 23.9x 18.7x
EV / EBIT 45.9x 11.6x -181x -15.4x -54.4x -573x 39.3x 24.7x
EV / FCF -347x 225x -16.1x -15x -24.8x -25.6x -159x -47.8x
FCF Yield -0.29% 0.44% -6.2% -6.65% -4.04% -3.91% -0.63% -2.09%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 0.73 1.52 0.14 -0.39 -0.5 0.255 1.011 1.438
Distribution rate - - - - - - - -
Net sales 1 332 527.5 253.4 203.9 224.4 404 821.8 1,052
EBITDA 1 219.1 388.6 102.5 -50.17 11.42 174.8 441.4 572.3
EBIT 1 165.3 327.4 -17.72 -169.4 -149.4 -18.54 268.1 433.3
Net income 1 135 289 24.31 -65.42 -85.87 26.03 231 297.6
Net Debt 1 -487.5 -503.9 -315.9 57.86 -831.5 -431.8 -532 -357.1
Reference price 2 45.42 24.28 19.85 15.60 50.52 62.25 62.25 62.25
Nbr of stocks (in thousands) 177,877 177,543 177,815 163,207 177,230 177,667 - -
Announcement Date 24/02/22 23/02/23 22/02/24 20/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
244.12x26.31x60.79x-.--% 11.06B
74.36x4.95x40.42x0.15% 27.57B
54.88x17.16x36.34x-.--% 14.82B
54.41x - - - 6.8B
-7.68x - - - 4.6B
36.86x - - 0.84% 2.6B
-35.63x - -42.27x-.--% 1.11B
-79.89x - -18.42x - 966M
-16.91x - - - 561M
Average 36.06x 16.14x 15.37x 0.2% 7.79B
Weighted average by Cap. 83.72x 12.75x 40.71x 0.11%

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 MP Materials Corp.
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