Company Valuation: Brazilian Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: December 2023 2024 2025 2026 2027 2028
Market Cap 1 409.2 581.8 1,088 1,224 - -
Change - 42.19% 86.91% 12.57% - -
Enterprise Value (EV) 1 409.2 500.1 925.2 1,128 1,279 1,807
Change - 22.23% 84.98% 21.89% 13.39% 41.29%
P/E -5.17x -11.9x -23.8x -32x -28.3x -21.3x
PBR - 7.15x 6.71x 10.5x 16.1x 83.4x
PEG 0.1x 0.3x 1.5x 2.2x -2.2x -0.6x
Capitalization / Revenue - 217x 257x - - -
EV / Revenue - 186x 218x - - -
EV / EBITDA - -10.9x -22.2x -27.8x -28.7x -36.5x
EV / EBIT - -10.9x -22.2x -27.8x -28.7x -36.5x
EV / FCF - -11.8x -27x -27.8x -12.9x -4.08x
FCF Yield - -8.45% -3.71% -3.59% -7.74% -24.5%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.3694 -0.1976 -0.1662 -0.1425 -0.161 -0.2145
Distribution rate - - - - - -
Net sales 1 - 2.685 4.238 - - -
EBITDA 1 - -46.05 -41.74 -40.5 -44.5 -49.5
EBIT 1 - -46.07 -41.75 -40.5 -44.5 -49.5
Net income 1 -69.08 -46.07 -42.06 -37.65 -42.75 -57.5
Net Debt 1 - -81.69 -162.4 -96.6 54.4 582.4
Reference price 2 1.910 2.360 3.960 4.560 4.560 4.560
Nbr of stocks (in thousands) 2,14,230 2,46,539 2,74,627 2,80,154 - -
Announcement Date 26/03/24 31/03/25 29/03/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
-32x - -29.16x-.--% 88Cr
36.5x - - 0.44% 2.51TCr
62.91x16.37x36.97x-.--% 1.29TCr
-2243.03x20.35x56x-.--% 959.54Cr
39.12x - - - 776.11Cr
-23.35x - - - 467.79Cr
33.95x - - - 234.61Cr
-6.77x - - - 90Cr
-90.38x - -2.76x - 76Cr
Average -247.01x 18.36x 15.26x 0.11% 721.34Cr
Weighted average by Cap. -302.28x 18.07x 40.87x 0.23%

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 Brazilian Rare Earths Limited