Company Valuation: Lynas Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 7,878 6,397 5,543 8,054 18,177 15,591 - -
Change - -18.8% -13.35% 45.31% 125.69% -14.23% - -
Enterprise Value (EV) 1 7,099 5,563 5,191 8,039 18,177 14,466 13,793 12,974
Change - -21.64% -6.69% 54.87% 126.12% -20.42% -4.65% -5.94%
P/E 14.6x 20.2x 65.8x 1,013x 81.9x 27.1x 18.8x 14.5x
PBR 4.79x 2.96x 2.47x 3.42x - 3.83x 3.19x 2.68x
PEG - -0.5x -0.9x -11.2x 0x 0x 0.4x 0.5x
Capitalization / Revenue 8.56x 8.65x 12x 14.5x 18.6x 9.44x 7.5x 6.14x
EV / Revenue 7.72x 7.52x 11.2x 14.4x 18.6x 8.76x 6.63x 5.11x
EV / EBITDA 11.8x 14.7x 39.3x 79.4x 47.1x 16x 10.8x 7.8x
EV / EBIT 13.1x 17.6x 69x 1,298x 73.5x 19x 12.9x 8.75x
EV / FCF 25.9x -26.6x -9.54x -24.6x - 31.2x 20.3x 15.4x
FCF Yield 3.86% -3.75% -10.5% -4.06% - 3.2% 4.92% 6.5%
Dividend per Share 2 - - - - - 0.0817 0.1284 0.4404
Rate of return - - - - - 0.53% 0.83% 2.84%
EPS 2 0.597 0.3392 0.0901 0.0085 0.2206 0.5717 0.8247 1.068
Distribution rate - - - - - 14.3% 15.6% 41.2%
Net sales 1 920 739.3 463.3 556.5 977.9 1,651 2,079 2,541
EBITDA 1 601.2 377.7 132.1 101.2 386 905.4 1,279 1,663
EBIT 1 540.6 315.5 75.23 6.191 247.4 761.3 1,072 1,482
Net income 1 540.8 310.7 84.51 7.99 222.4 576.4 831.7 1,076
Net Debt 1 -778.8 -833.8 -352 -15.23 - -1,124 -1,797 -2,617
Reference price 2 8.73 6.85 5.93 8.61 18.06 15.49 15.49 15.49
Nbr of stocks (in thousands) 9,02,412 9,33,815 9,34,718 9,35,447 10,06,503 10,06,503 - -
Announcement Date 25/08/22 28/08/23 27/08/24 27/08/25 25/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
27.88x9.04x16.48x0.51% 1.15TCr
34.65x2.86x21.87x0.55% 2.18TCr
-199.13x20.85x68.13x-.--% 975.11Cr
30.21x - - - 606.35Cr
-20.66x - - - 436.09Cr
-5.02x - - - 240.33Cr
28.66x - - - 200.39Cr
-135.76x - -20.48x - 89Cr
-22.66x - -20.03x-.--% 80Cr
Average -29.09x 10.92x 13.19x 0.27% 662.31Cr
Weighted average by Cap. -14.52x 8.58x 28.97x 0.41%

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 Lynas Rare Earths Limited