Company Valuation: Lynas Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 5,145 7,878 6,397 5,543 8,054 18,278 - -
Change - 53.12% -18.8% -13.35% 45.31% 126.94% - -
Enterprise Value (EV) 1 4,735 7,099 5,563 5,191 8,039 17,275 16,737 16,027
Change - 49.92% -21.64% -6.69% 54.87% 114.88% -3.11% -4.24%
P/E ratio 31.7x 14.6x 20.2x 65.8x 1,013x 61.6x 25.8x 18.1x
PBR 4.75x 4.79x 2.96x 2.47x 3.42x 5.03x 4.22x 3.51x
PEG - 0x -0.5x -0.9x -11.2x 0x 0x 0.4x
Capitalization / Revenue 10.5x 8.56x 8.65x 12x 14.5x 17.2x 10.2x 8.11x
EV / Revenue 9.68x 7.72x 7.52x 11.2x 14.4x 16.2x 9.33x 7.11x
EV / EBITDA 20.1x 11.8x 14.7x 39.3x 79.4x 35.7x 15.9x 10.7x
EV / EBIT 27.9x 13.1x 17.6x 69x 1,298x 50.1x 18.9x 12.3x
EV / FCF 27.1x 25.9x -26.6x -9.54x -24.6x 90.2x 30.5x 19.7x
FCF Yield 3.69% 3.86% -3.75% -10.5% -4.06% 1.11% 3.28% 5.07%
Dividend per Share 2 - - - - - - - 0.2814
Rate of return - - - - - - - 1.55%
EPS 2 0.1799 0.597 0.3392 0.0901 0.0085 0.2947 0.7044 1.001
Distribution rate - - - - - - - 28.1%
Net sales 1 489 920 739.3 463.3 556.5 1,065 1,793 2,255
EBITDA 1 235.3 601.2 377.7 132.1 101.2 483.5 1,050 1,495
EBIT 1 169.5 540.6 315.5 75.23 6.191 344.8 885.8 1,305
Net income 1 157.1 540.8 310.7 84.51 7.99 294.5 708.9 1,008
Net Debt 1 -409.7 -778.8 -833.8 -352 -15.23 -1,004 -1,541 -2,251
Reference price 2 5.71 8.73 6.85 5.93 8.61 18.16 18.16 18.16
Nbr of stocks (in thousands) 9,01,079 9,02,412 9,33,815 9,34,718 9,35,447 10,06,503 - -
Announcement Date 26/08/21 25/08/22 28/08/23 27/08/24 27/08/25 - - -
1AUD in Million2AUD
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
61.62x16.23x35.73x-.--% 1.29TCr
36.29x - - 0.44% 2.51TCr
1028.77x21.49x57.2x-.--% 1.03TCr
29.06x - - - 579.09Cr
-25.33x - - - 507.55Cr
31.54x - - - 218.87Cr
-35.08x - -32.13x-.--% 99Cr
-153.18x306.15x-7.79x - 88Cr
-6.53x - - - 85Cr
Average 107.46x 114.62x 13.25x 0.11% 711.28Cr
Weighted average by Cap. 190.36x 29.04x 40.31x 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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