Company Valuation: Arafura Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 446.4 644.6 404.3 431.3 1,312 1,123 - -
Change - 44.4% -37.28% 6.67% 204.23% -14.38% - -
Enterprise Value (EV) 1 421.7 515.7 362.9 404.3 1,312 889.3 1,594 2,235
Change - 22.3% -29.64% 11.42% 224.5% -32.22% 79.3% 40.15%
P/E -12.2x -6.04x -3.84x -22.2x -23.3x -123x -54.3x 18.5x
PBR - 3x 2.92x 2.89x - 1.09x 1.06x 0.97x
PEG - -0x 0.4x 0.3x -0.7x 1.4x -0x -0x
Capitalization / Revenue - - - - - - 53,958x 4.36x
EV / Revenue - - - - - - 76,580x 8.67x
EV / EBITDA -11.9x -5.21x -3.71x -12.6x -32.4x -35.3x -47.3x 19.7x
EV / EBIT -11.8x -5.18x -3.42x -12.4x -32x -34x -46.6x 26.1x
EV / FCF -13.6x -7.4x -3.32x - - -0.99x -1.69x 18.5x
FCF Yield -7.37% -13.5% -30.1% - - -101% -59.2% 5.41%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0233 -0.0505 -0.0456 -0.0079 -0.0105 -0.00151 -0.00341 0.01
Distribution rate - - - - - - - -
Net sales 1 - - - - - - 0.0208 257.8
EBITDA 1 -35.38 -99.04 -97.79 -31.98 -40.53 -25.19 -33.73 113.5
EBIT 1 -35.7 -99.61 -106.2 -32.66 -41.01 -26.19 -34.23 85.52
Net income 1 -35.56 -96.38 -101 -19.24 -41.09 -2.485 -25.71 103.6
Net Debt 1 -24.68 -128.8 -41.42 -26.94 - -234.2 471 1,111
Reference price 2 0.2850 0.3050 0.1750 0.1750 0.2450 0.1850 0.1850 0.1850
Nbr of stocks (in thousands) 15,66,242 21,13,365 23,10,302 24,64,329 53,55,175 60,72,493 - -
Announcement Date 17/08/22 16/08/23 21/08/24 22/08/25 31/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-122.52x - -35.3x - 81Cr
32.99x2.73x20.86x0.58% 2.08TCr
26.8x8.66x15.79x0.53% 1.11TCr
-198.33x20.77x67.85x-.--% 971.19Cr
24.42x - - - 567.34Cr
-20.42x - - - 430.95Cr
27.38x - - - 191.7Cr
-3.92x - - - 187.78Cr
-19.78x - -17.19x-.--% 71Cr
Average -28.15x 10.72x 10.40x 0.28% 632.71Cr
Weighted average by Cap. -16.84x 8.52x 28.45x 0.43%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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