Company Valuation: Black Rock Mining Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 118.7 141.7 118.3 72.58 33.88 23.62
Change - 19.36% -16.54% -38.64% -53.32% -30.26%
Enterprise Value (EV) 1 107.4 116.1 107.3 63.96 32.2 18.9
Change - 8.12% -7.65% -40.37% -49.66% -41.3%
P/E -34.8x -19.6x -12x -6.52x -3.4x -2.98x
PBR 3.59x 2.58x 2.05x 1.2x 0.59x 0.38x
PEG - -0.2x -0.5x 2.03x 0.1x 0.1x
Capitalization / Revenue - - - 17,61,99,26,196x 2,71,71,83,189x -
EV / Revenue - - - - - -
EV / EBITDA -34.4x -20.1x -11x -6.07x -3.39x -2.5x
EV / EBIT -34.3x -17.9x -10.9x -6x -3.35x -2.48x
EV / FCF -46.7x -11.8x -4.88x -6.49x -3.49x -2.58x
FCF Yield -2.14% -8.44% -20.5% -15.4% -28.7% -38.7%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.004028 -0.007387 -0.009196 -0.008901 -0.00677 -0.003694
Distribution rate - - - - - -
Net sales - - - 0.004119 0.0125 -
EBITDA 1 -3.12 -5.768 -9.746 -10.53 -9.489 -7.55
EBIT 1 -3.135 -6.504 -9.839 -10.66 -9.621 -7.624
Net income 1 -2.85 -6.077 -9.053 -10.08 -8.929 -7.252
Net Debt 1 -11.3 -25.56 -11.01 -8.62 -1.682 -4.726
Reference price 2 0.140000 0.145000 0.110000 0.058000 0.023000 0.011000
Nbr of stocks (in thousands) 8,47,972 9,77,256 10,75,184 12,51,319 14,72,950 21,47,724
Announcement Date 28/09/21 30/09/22 28/09/23 22/09/24 26/09/25 30/09/26
1AUD in Million2AUD
Estimates


P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.16Cr
20.75x8.08x12.3x2.6% 14TCr
19.13x2.97x7x1% 8.5TCr
20.34x4.27x6.53x2.26% 4.1TCr
8.84x0.91x4.25x3.92% 3.94TCr
11.65x3.67x5.88x6.76% 2.26TCr
54.48x3.52x10.64x0.09% 1.87TCr
13.32x4.31x8.31x-.--% 1.46TCr
10.61x1.34x5.59x3.15% 1.41TCr
Average 19.89x 3.63x 7.56x 2.47% 4TCr
Weighted average by Cap. 19.55x 4.86x 8.75x 2.38%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Black Rock Mining Limited

Historical PBR trend

Valuation ratios - PBR - Black Rock Mining Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Black Rock Mining Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Black Rock Mining Limited

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