Company Valuation: Black Rock Mining Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 30.82 118.7 141.7 118.3 72.58 33.88
Change - 285.21% 19.36% -16.54% -38.64% -53.32%
Enterprise Value (EV) 1 30.1 107.4 116.1 107.3 63.96 32.2
Change - 256.91% 8.12% -7.65% -40.37% -49.66%
P/E -8.99x -34.8x -19.6x -12x -6.52x -3.4x
PBR 1.36x 3.59x 2.58x 2.05x 1.2x 0.59x
PEG - 1.3x -0.2x -0.5x 2.03x 0.1x
Capitalization / Revenue - - - - 17,619,926,196x 2,717,183,189x
EV / Revenue - - - - - -
EV / EBITDA -9.25x -34.4x -20.1x -11x -6.07x -3.39x
EV / EBIT -9.2x -34.3x -17.9x -10.9x -6x -3.35x
EV / FCF -10.4x -46.7x -11.8x -4.88x -6.49x -3.49x
FCF Yield -9.64% -2.14% -8.44% -20.5% -15.4% -28.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.005452 -0.004028 -0.007387 -0.009196 -0.008901 -0.00677
Distribution rate - - - - - -
Net sales - - - - 0.004119 0.0125
EBITDA 1 -3.253 -3.12 -5.768 -9.746 -10.53 -9.489
EBIT 1 -3.271 -3.135 -6.504 -9.839 -10.66 -9.621
Net income 1 -3.387 -2.85 -6.077 -9.053 -10.08 -8.929
Net Debt 1 -0.7221 -11.3 -25.56 -11.01 -8.62 -1.682
Reference price 2 0.0490 0.1400 0.1450 0.1100 0.0580 0.0230
Nbr of stocks (in thousands) 628,944 847,972 977,256 1,075,184 1,251,319 1,472,950
Announcement Date 29/09/20 28/09/21 30/09/22 28/09/23 22/09/24 26/09/25
1AUD in Million2AUD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 17.27M
23.07x8.89x13.67x2.17% 150B
21.58x3.18x7.64x0.95% 89.99B
12.35x1.56x5.92x2.76% 57.54B
21.93x4.03x13.29x0.94% 21.9B
8.31x0.26x8.11x4.88% 19.09B
32.93x - - 0.54% 18.68B
18.41x1.08x9.81x2.42% 15.01B
11.47x1.31x5.68x2.95% 14.09B
Average 18.76x 2.90x 9.16x 2.2% 42.88B
Weighted average by Cap. 20.20x 4.99x 10.20x 2%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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