Company Valuation: Ramaco Resources, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 599.9 387.8 871.2 537.7 1,122 482 - -
Change - -35.35% 124.62% -38.28% 108.7% -57.04% - -
Enterprise Value (EV) 1 621.4 387.8 929.7 537.7 1,133 669.7 720.1 849.9
Change - -37.58% 139.73% -42.17% 110.75% -40.9% 7.51% 18.04%
P/E 15.1x 3.38x 9.93x 93.3x -18.2x -8.64x -241x 35x
PBR 2.84x - 2.45x - 2.46x 1.48x 1.49x 1.25x
PEG - 0x -0.3x -1x 0x 2.6x 2.5x -0x
Capitalization / Revenue 2.12x 0.69x 1.26x 0.81x 2.09x 0.84x 0.69x 0.54x
EV / Revenue 2.19x 0.69x 1.34x 0.81x 2.11x 1.17x 1.04x 0.96x
EV / EBITDA 7.86x 1.9x 5.1x 5.08x 31.4x 24.7x 6.34x 5.41x
EV / EBIT 15.7x 2.58x 9.76x 32.3x -20.3x -9.38x -99.9x 12.2x
EV / FCF 13.2x - 13.7x 12.3x -18.6x -8.97x 308x 7.45x
FCF Yield 7.57% - 7.31% 8.15% -5.37% -11.1% 0.32% 13.4%
Dividend per Share 2 - - 0.5 0.55 - 0.02 0.0467 0.0533
Rate of return - - 2.91% 5.36% - 0.24% 0.56% 0.64%
EPS 2 0.9 2.6 1.73 0.11 -0.99 -0.9571 -0.0343 0.236
Distribution rate - - 28.9% 500% - -2.09% -136% 22.6%
Net sales 1 283.4 565.7 693.5 666.3 536.6 571.4 694.5 887.3
EBITDA 1 79.04 204.6 182.1 105.8 36.06 27.1 113.5 157.2
EBIT 1 39.53 150.4 95.24 16.64 -55.96 -71.37 -7.211 69.74
Net income 1 39.76 116 82.31 11.19 -51.45 -57.3 2.55 48.54
Net Debt 1 21.48 - 58.59 - 11.07 187.7 238 367.9
Reference price 2 13.600 8.790 17.180 10.260 18.000 8.270 8.270 8.270
Nbr of stocks (in thousands) 44,109 44,122 53,620 53,458 66,739 63,683 - -
Announcement Date 24/02/22 08/03/23 07/03/24 10/03/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
8.35x1.77x4.58x7.61% 57.44B
12.72x1.4x7.27x0.96% 53.03B
15.34x0.87x7.1x0.93% 50.83B
14.03x2.37x5.31x4.39% 35.16B
20.49x1.8x9.95x0.56% 31.95B
13.01x1.43x8.33x0.96% 31.76B
13.22x1.17x7.09x2.27% 24.04B
11.62x0.75x6.69x3.68% 21.82B
16.51x1.19x10.86x1.29% 19.64B
Average 13.92x 1.42x 7.46x 2.52% 36.19B
Weighted average by Cap. 13.48x 1.46x 7.09x 2.76%

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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