Company Valuation: Ramaco Resources, Inc.

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 599.9 387.8 871.2 537.7 1,122 724.7 - -
Change - -35.35% 124.62% -38.28% 108.7% -35.42% - -
Enterprise Value (EV) 1 621.4 387.8 929.7 537.7 1,133 912.4 962.8 1,093
Change - -37.58% 139.73% -42.17% 110.75% -19.48% 5.51% 13.49%
P/E 15.1x 3.38x 9.93x 93.3x -18.2x -13.1x -365x 53.1x
PBR 2.84x - 2.45x - 2.46x 2.25x 2.25x 1.89x
PEG - 0x -0.3x -1x 0x 3.95x 3.8x -0x
Capitalization / Revenue 2.12x 0.69x 1.26x 0.81x 2.09x 1.27x 1.04x 0.82x
EV / Revenue 2.19x 0.69x 1.34x 0.81x 2.11x 1.6x 1.39x 1.23x
EV / EBITDA 7.86x 1.9x 5.1x 5.08x 31.4x 33.7x 8.48x 6.95x
EV / EBIT 15.7x 2.58x 9.76x 32.3x -20.3x -12.8x -134x 15.7x
EV / FCF 13.2x - 13.7x 12.3x -18.6x -12.2x 412x 9.58x
FCF Yield 7.57% - 7.31% 8.15% -5.37% -8.18% 0.24% 10.4%
Dividend per Share 2 - - 0.5 0.55 - 0.02 0.0467 0.0533
Rate of return - - 2.91% 5.36% - 0.16% 0.37% 0.43%
EPS 2 0.9 2.6 1.73 0.11 -0.99 -0.9571 -0.0343 0.236
Distribution rate - - 28.9% 500% - -2.09% -136% 22.6%
Net sales 1 283.4 565.7 693.5 666.3 536.6 571.4 694.5 887.3
EBITDA 1 79.04 204.6 182.1 105.8 36.06 27.1 113.5 157.2
EBIT 1 39.53 150.4 95.24 16.64 -55.96 -71.37 -7.211 69.74
Net income 1 39.76 116 82.31 11.19 -51.45 -57.3 2.55 48.54
Net Debt 1 21.48 - 58.59 - 11.07 187.7 238 367.9
Reference price 2 13.60 8.79 17.18 10.26 18.00 12.53 12.53 12.53
Nbr of stocks (in thousands) 44,109 44,122 53,377 53,216 66,449 63,388 - -
Announcement Date 24/02/22 08/03/23 07/03/24 10/03/25 25/02/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
17.76x2.61x8.43x0.3% 557.48Cr
7.36x1.84x4.64x5.31% 380.13Cr
-63.07x1.27x17.66x-.--% 283.68Cr
14.86x - - 5.88% 197.37Cr
29.65x - - - 87Cr
Average 1.31x 1.91x 10.24x 2.87% 301.1Cr
Weighted average by Cap. 0.21x 2.06x 9.39x 2.36%

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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