Company Valuation: Lynas Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,145 7,878 6,397 5,543 8,054 17,030 - -
Change - 53.12% -18.8% -13.35% 45.31% 111.44% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 16,002 15,684 15,080
Change - 49.92% -21.64% -6.69% 54.87% 99.06% -1.99% -3.85%
P/E 31.7x 14.6x 20.2x 65.8x 1,013x 68.5x 28x 19.4x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 4.73x 4.13x 3.51x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 16.9x 10.3x 8.03x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 15.9x 9.48x 7.11x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 39.1x 17x 11.4x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 55.2x 20x 13.4x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 93.1x 29.6x 22.5x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.07% 3.37% 4.45%
Dividend per Share 2 - - - - - - 0.058 0.2464
Rate of return - - - - - - 0.34% 1.46%
EPS 2 0.1799 0.597 0.3392 0.0901 0.0085 0.247 0.6036 0.8737
Distribution rate - - - - - - 9.61% 28.2%
Net sales 1 489 920 739.3 463.3 556.5 1,008 1,655 2,122
EBITDA 1 235.3 601.2 377.7 132.1 101.2 409.3 921.4 1,326
EBIT 1 169.5 540.6 315.5 75.23 6.191 289.8 783.8 1,128
Net income 1 157.1 540.8 310.7 84.51 7.99 246.6 609.1 878.8
Net Debt 1 -409.7 -778.8 -833.8 -352 -15.23 -1,028 -1,346 -1,951
Reference price 2 5.71 8.73 6.85 5.93 8.61 16.92 16.92 16.92
Nbr of stocks (in thousands) 901,079 902,412 933,815 934,718 935,447 1,006,503 - -
Announcement Date 26/08/21 25/08/22 28/08/23 27/08/24 27/08/25 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
68.5x15.88x39.09x-.--% 12.05B
35.77x - - 0.5% 22.53B
-210.86x20.56x64.92x-.--% 9.64B
30.79x - - - 6.16B
-21.34x - - - 4.51B
29.68x - - - 2.07B
-2.84x - - - 1.43B
-127.17x564.91x-14.37x - 945M
-5.93x - - - 863M
Average -22.60x 200.45x 29.88x 0.17% 6.69B
Weighted average by Cap. -6.23x 40.79x 47.86x 0.25%

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 Lynas Rare Earths Limited