Company Valuation: Rocket Lab Corporation

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,516 1,784 2,687 12,733 37,263 38,266 - -
Change - -67.66% 50.6% 373.87% 192.65% 2.69% - -
Enterprise Value (EV) 1 4,925 1,679 2,563 12,730 36,688 36,365 36,913 36,824
Change - -65.91% 52.65% 396.74% 188.2% -0.88% 1.51% -0.24%
P/E -21.9x -13x -14.6x -67x -189x -237x -848x 451x
PBR 7.91x 2.66x 4.88x 33x 21.5x 11.4x 15.8x 18.6x
PEG - 0.3x -0.5x - 71.82x 8.8x 11.8x -2x
Capitalization / Revenue 88.6x 8.46x 11x 29.2x 61.9x 40x 28.1x 21.8x
EV / Revenue 79.1x 7.96x 10.5x 29.2x 61x 38x 27.1x 20.9x
EV / EBITDA -112x -43.6x -28.2x -131x -363x -717x 343x 125x
EV / EBIT -93.3x -29.9x -23.7x -108x -288x -383x 3,669x 126x
EV / FCF -50.5x -11.3x -16.7x -110x -114x -165x -2,641x 1,064x
FCF Yield -1.98% -8.87% -5.99% -0.91% -0.88% -0.61% -0.04% 0.09%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.56 -0.29 -0.38 -0.38 -0.37 -0.27 -0.0754 0.1417
Distribution rate - - - - - - - -
Net sales 1 62.24 211 244.6 436.2 601.8 957.2 1,363 1,759
EBITDA 1 -43.89 -38.52 -90.86 -96.94 -101.2 -50.72 107.5 295.3
EBIT 1 -52.78 -56.18 -108.1 -118.4 -127.4 -94.95 10.06 291.8
Net income 1 -117.8 -135.9 -182.6 -190.2 -198.2 -168.1 -56.98 82.7
Net Debt 1 -590.8 -105.3 -124.2 -2.534 -574.7 -1,900 -1,352 -1,442
Reference price 2 12.28 3.77 5.53 25.47 69.76 63.94 63.94 63.94
Nbr of stocks (in thousands) 449,205 473,257 485,887 499,911 534,156 598,460 - -
Announcement Date 28/02/22 28/02/23 27/02/24 27/02/25 26/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
40.27x7.24x30.08x0.53% 355B
35.11x3.25x19.28x1.35% 285B
35.84x5.27x22.2x0.95% 172B
18.51x1.78x12.8x2.48% 130B
22.31x1.89x15.44x1.66% 102B
26.29x1.88x13.23x1.94% 78.48B
18.8x1.96x13.92x1.78% 77.51B
33.61x3.73x16.35x1.22% 62.53B
Average 28.84x 3.37x 17.91x 1.49% 158.01B
Weighted average by Cap. 32.29x 4.24x 20.89x 1.26%

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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