Company Valuation: Lynas Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,878 6,397 5,543 8,054 18,177 12,712 - -
Change - -18.8% -13.35% 45.31% 125.69% -30.07% - -
Enterprise Value (EV) 1 7,099 5,563 5,191 8,039 17,307 11,616 10,906 9,984
Change - -21.64% -6.69% 54.87% 115.28% -32.88% -6.11% -8.45%
P/E 14.6x 20.2x 65.8x 1,013x 81.9x 22.7x 15.4x 11.9x
PBR 4.79x 2.96x 2.47x 3.42x 5.21x 3.1x 2.55x 2.15x
PEG - -0.5x -0.9x -11.2x 0x 0x 0.3x 0.4x
Capitalization / Revenue 8.56x 8.65x 12x 14.5x 18.6x 7.72x 6.1x 4.97x
EV / Revenue 7.72x 7.52x 11.2x 14.4x 17.7x 7.05x 5.23x 3.9x
EV / EBITDA 11.8x 14.7x 39.3x 79.4x 44.8x 13.3x 8.5x 5.95x
EV / EBIT 13.1x 17.6x 69x 1,298x 70x 15.8x 10.1x 6.62x
EV / FCF 25.9x -26.6x -9.54x -24.6x 123x 26.6x 15.9x 10.2x
FCF Yield 3.86% -3.75% -10.5% -4.06% 0.81% 3.76% 6.31% 9.78%
Dividend per Share 2 - - - - - 0.04 0.0982 0.4305
Rate of return - - - - - 0.32% 0.78% 3.41%
EPS 2 0.597 0.3392 0.0901 0.0085 0.2206 0.5563 0.8182 1.065
Distribution rate - - - - - 7.19% 12% 40.4%
Net sales 1 920 739.3 463.3 556.5 977.9 1,647 2,084 2,557
EBITDA 1 601.2 377.7 132.1 101.2 386 870.6 1,283 1,677
EBIT 1 540.6 315.5 75.23 6.191 247.4 734.6 1,082 1,507
Net income 1 540.8 310.7 84.51 7.99 222.4 567.8 843.3 1,093
Net Debt 1 -778.8 -833.8 -352 -15.23 -870.8 -1,096 -1,806 -2,728
Reference price 2 8.73 6.85 5.93 8.61 18.06 12.63 12.63 12.63
Nbr of stocks (in thousands) 902,412 933,815 934,718 935,447 1,006,503 1,006,503 - -
Announcement Date 25/08/22 28/08/23 27/08/24 27/08/25 25/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
9.37x2.2x5.73x6.95% 20.55B
30.11x2.5x20.18x0.64% 19.03B
23.81x7.65x14.31x0.12% 11.55B
7.74x1.13x4.8x9.82% 10.42B
23.28x7.25x13.71x0.31% 9.06B
21.63x - - 0.33% 8.71B
-154.87x17.83x57.31x-.--% 8.37B
5.19x0.85x2.57x8.14% 7.06B
Average -4.22x 5.63x 16.95x 3.29% 11.84B
Weighted average by Cap. 2.76x 4.81x 15.57x 3.4%

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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  5. Valuation Lynas Rare Earths Limited