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 16,366 - -
Change - -18.8% -13.35% 45.31% 125.69% -9.97% - -
Enterprise Value (EV) 1 7,099 5,563 5,191 8,039 18,177 15,241 14,568 13,749
Change - -21.64% -6.69% 54.87% 126.12% -16.15% -4.42% -5.62%
P/E 14.6x 20.2x 65.8x 1,013x 81.9x 28.4x 19.7x 15.2x
PBR 4.79x 2.96x 2.47x 3.42x - 4.02x 3.35x 2.81x
PEG - -0.5x -0.9x -11.2x 0x 0x 0.4x 0.5x
Capitalization / Revenue 8.56x 8.65x 12x 14.5x 18.6x 9.91x 7.87x 6.44x
EV / Revenue 7.72x 7.52x 11.2x 14.4x 18.6x 9.23x 7.01x 5.41x
EV / EBITDA 11.8x 14.7x 39.3x 79.4x 47.1x 16.8x 11.4x 8.27x
EV / EBIT 13.1x 17.6x 69x 1,298x 73.5x 20x 13.6x 9.28x
EV / FCF 25.9x -26.6x -9.54x -24.6x - 32.9x 21.5x 16.3x
FCF Yield 3.86% -3.75% -10.5% -4.06% - 3.04% 4.66% 6.14%
Dividend per Share 2 - - - - - 0.0817 0.1284 0.4404
Rate of return - - - - - 0.5% 0.79% 2.71%
EPS 2 0.597 0.3392 0.0901 0.0085 0.2206 0.5717 0.8247 1.068
Distribution rate - - - - - 14.3% 15.6% 41.2%
Net sales 1 920 739.3 463.3 556.5 977.9 1,651 2,079 2,541
EBITDA 1 601.2 377.7 132.1 101.2 386 905.4 1,279 1,663
EBIT 1 540.6 315.5 75.23 6.191 247.4 761.3 1,072 1,482
Net income 1 540.8 310.7 84.51 7.99 222.4 576.4 831.7 1,076
Net Debt 1 -778.8 -833.8 -352 -15.23 - -1,124 -1,797 -2,617
Reference price 2 8.73 6.85 5.93 8.61 18.06 16.26 16.26 16.26
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.($)
28.68x9.32x16.99x0.5% 11.87B
34.9x2.88x22.02x0.55% 22B
-214.69x22.55x73.67x-.--% 10.51B
30.17x - - - 6.06B
-22.32x - - - 4.71B
-4.12x - - - 1.97B
28.38x - - - 1.98B
-118.5x625.29x-15.9x - 895M
-29.19x - -25.7x-.--% 832M
Average -29.63x 165.01x 14.21x 0.26% 6.76B
Weighted average by Cap. -18.95x 21.44x 30.90x 0.4%

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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  4. Valuation Lynas Rare Earths Limited