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 12,481 - -
Change - -18.8% -13.35% 45.31% 125.69% -31.34% - -
Enterprise Value (EV) 1 7,099 5,563 5,191 8,039 17,307 11,391 10,691 9,774
Change - -21.64% -6.69% 54.87% 115.28% -34.18% -6.14% -8.58%
P/E 14.6x 20.2x 65.8x 1,013x 81.9x 22.5x 15.3x 11.7x
PBR 4.79x 2.96x 2.47x 3.42x 5.21x 3.05x 2.52x 2.12x
PEG - -0.5x -0.9x -11.2x 0x 0x 0.3x 0.4x
Capitalization / Revenue 8.56x 8.65x 12x 14.5x 18.6x 7.64x 6.02x 4.91x
EV / Revenue 7.72x 7.52x 11.2x 14.4x 17.7x 6.97x 5.16x 3.84x
EV / EBITDA 11.8x 14.7x 39.3x 79.4x 44.8x 13.3x 8.41x 5.88x
EV / EBIT 13.1x 17.6x 69x 1,298x 70x 15.8x 10x 6.56x
EV / FCF 25.9x -26.6x -9.54x -24.6x 123x 26.1x 15.5x 10x
FCF Yield 3.86% -3.75% -10.5% -4.06% 0.81% 3.83% 6.44% 9.99%
Dividend per Share 2 - - - - - 0.034 0.0953 0.413
Rate of return - - - - - 0.27% 0.77% 3.33%
EPS 2 0.597 0.3392 0.0901 0.0085 0.2206 0.5509 0.8116 1.057
Distribution rate - - - - - 6.17% 11.7% 39.1%
Net sales 1 920 739.3 463.3 556.5 977.9 1,634 2,072 2,542
EBITDA 1 601.2 377.7 132.1 101.2 386 858.9 1,271 1,663
EBIT 1 540.6 315.5 75.23 6.191 247.4 719.4 1,067 1,490
Net income 1 540.8 310.7 84.51 7.99 222.4 562.3 836.2 1,085
Net Debt 1 -778.8 -833.8 -352 -15.23 -870.8 -1,089 -1,789 -2,707
Reference price 2 8.73 6.85 5.93 8.61 18.06 12.40 12.40 12.40
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.($)
23.78x7.36x14x0.26% 917.74Cr
8.89x2.06x5.36x7.37% 1.94TCr
30.11x2.5x20.18x0.64% 1.9TCr
22.69x7.26x13.59x0.12% 1.1TCr
7.35x1.03x4.16x10.7% 991.47Cr
20.4x - - 0.22% 820.91Cr
-152.7x17.47x56.85x-.--% 824.79Cr
4.66x0.83x2.47x8.76% 685Cr
7.58x1.57x4.9x5.1% 577.18Cr
Average -3.03x 5.01x 15.19x 3.69% 1.08TCr
Weighted average by Cap. 2.77x 4.52x 14.78x 3.65%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Lynas Rare Earths Limited

Historical PBR trend

Valuation ratios - PBR - Lynas Rare Earths Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Lynas Rare Earths Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Lynas Rare Earths Limited


Year-on-year evolution of the Yield

Valuation ratios - Yield - Lynas Rare Earths Limited
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