Company Valuation: Fitzroy River Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2020 2021 2022 2023 2024 2025
Market Cap 1 12.09 16.19 14.03 18.35 13.49 17.81
Change - 33.93% -13.33% 30.77% -26.47% 32%
Enterprise Value (EV) 1 14.97 15.72 12.76 16.59 11.11 17.06
Change - 5.02% -18.82% 30.04% -33.06% 53.59%
P/E -2.07x 167x 16.5x 132x -179x -65.4x
PBR 3x 2.6x 1.83x 3.12x 2.38x 6.27x
PEG - -2x 0x -1.6x 1x -0x
Capitalization / Revenue 25x 23.4x 10.9x 17.7x 18.6x 29.3x
EV / Revenue 30.9x 22.7x 9.88x 16x 15.3x 28.1x
EV / EBITDA -38.1x 63.4x 14.2x 25.1x 30.7x 75.5x
EV / EBIT -24.3x -333x 21.1x 45.4x -196x -88.6x
EV / FCF -50.3x -150x 28.9x 19.7x 30.4x 35.4x
FCF Yield -1.99% -0.67% 3.46% 5.08% 3.29% 2.83%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0675 0.000899 0.007883 0.001285 -0.0007 -0.002522
Distribution rate - - - - - -
Net sales 1 0.484 0.6912 1.291 1.037 0.7255 0.6075
EBITDA 1 -0.393 0.2481 0.8989 0.6607 0.362 0.226
EBIT 1 -0.617 -0.0472 0.6035 0.3653 -0.0566 -0.1926
Net income 1 -5.83 0.0836 0.851 0.1388 -0.0719 -0.2723
Net Debt 1 2.876 -0.4744 -1.273 -1.758 -2.385 -0.7498
Reference price 2 0.1400 0.1500 0.1300 0.1700 0.1250 0.1650
Nbr of stocks (in thousands) 86,363 1,07,954 1,07,954 1,07,954 1,07,954 1,07,954
Announcement Date 23/09/20 15/09/21 30/09/22 15/09/23 03/09/24 03/09/25
1AUD in Million2AUD
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 1.62Cr
11.54x2.25x5.45x2.82% 15TCr
12.27x3.36x6.14x3.77% 9.77TCr
8.52x2.78x4.76x2.84% 7.75TCr
13.4x3.73x5.44x2.11% 5.78TCr
8.08x2.66x4.18x1.75% 5.73TCr
9.68x1.43x4.86x2.05% 5.56TCr
10.56x2.54x4.88x2.59% 5.22TCr
11.94x3.3x4.9x6.43% 4.21TCr
12.34x4.05x5.8x1.25% 3.34TCr
Average 10.93x 2.90x 5.16x 2.84% 6.2TCr
Weighted average by Cap. 10.95x 2.79x 5.24x 2.88%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation Fitzroy River Corporation Limited