Company Valuation: Arafura Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 446.4 644.6 404.3 431.3 1,312 910.9 - -
Change - 44.4% -37.28% 6.67% 204.23% -30.57% - -
Enterprise Value (EV) 1 421.7 515.7 362.9 404.3 590.1 476 1,402 2,116
Change - 22.3% -29.64% 11.42% 45.95% -19.34% 194.56% 50.94%
P/E -12.2x -6.04x -3.84x -22.2x -23.3x -42.7x -34.1x -6.27x
PBR - 3x 2.92x 2.89x 1.55x 0.88x 0.88x 1.02x
PEG - -0x 0.4x 0.3x -0.7x 0.6x -1.3x -0x
Capitalization / Revenue - - - - - - 43,750x 7.14x
EV / Revenue - - - - - - 67,342x 16.6x
EV / EBITDA -11.9x -5.21x -3.71x -12.6x -14.6x -11.1x -32x -29.8x
EV / EBIT -11.8x -5.18x -3.42x -12.4x -14.4x -9.7x -28.1x -19.7x
EV / FCF -13.6x -7.4x -3.32x - -20.3x -0.53x -1.49x 17.9x
FCF Yield -7.37% -13.5% -30.1% - -4.92% -187% -67.1% 5.59%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0233 -0.0505 -0.0456 -0.0079 -0.0105 -0.00351 -0.0044 -0.0239
Distribution rate - - - - - - - -
Net sales 1 - - - - - - 0.0208 127.6
EBITDA 1 -35.38 -99.04 -97.79 -31.98 -40.53 -42.83 -43.82 -71.08
EBIT 1 -35.7 -99.61 -106.2 -32.66 -41.01 -49.09 -49.82 -107.4
Net income 1 -35.56 -96.38 -101 -19.24 -41.09 -30.42 -32.12 -153
Net Debt 1 -24.68 -128.8 -41.42 -26.94 -721.9 -434.9 491.2 1,205
Reference price 2 0.2850 0.3050 0.1750 0.1750 0.2450 0.1500 0.1500 0.1500
Nbr of stocks (in thousands) 1,566,242 2,113,365 2,310,302 2,464,329 5,355,175 6,072,493 - -
Announcement Date 17/08/22 16/08/23 21/08/24 22/08/25 31/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-42.74x - -11.11x - 641M
25.15x2.42x19.59x1.13% 18.58B
8.15x1.83x4.77x8.92% 16.93B
16.98x5.99x10.68x0.22% 9.09B
6.69x0.91x3.22x12.44% 8.8B
24.79x7.27x14.41x0.7% 8.57B
-134.63x14.89x52.29x-.--% 7.05B
17.71x - - 0.26% 7.04B
4.23x0.71x2.08x9.9% 6.06B
Average -8.18x 4.86x 11.99x 4.2% 9.19B
Weighted average by Cap. 2.48x 4.13x 14.10x 4.28%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Arafura Rare Earths Limited

Historical PBR trend

Valuation ratios - PBR - Arafura Rare Earths Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Arafura Rare Earths Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Arafura Rare Earths Limited

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