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 1,122 484.7 - -
Change - -35.35% 124.62% -38.28% 108.7% -56.81% - -
Enterprise Value (EV) 1 621.4 387.8 929.7 537.7 1,133 672.4 722.7 852.6
Change - -37.58% 139.73% -42.17% 110.75% -40.66% 7.48% 17.97%
P/E 15.1x 3.38x 9.93x 93.3x -18.2x -8.76x -244x 35.5x
PBR 2.84x - 2.45x - 2.46x 1.5x 1.51x 1.27x
PEG - 0x -0.3x -1x 0x 2.64x 2.5x -0x
Capitalization / Revenue 2.12x 0.69x 1.26x 0.81x 2.09x 0.85x 0.7x 0.55x
EV / Revenue 2.19x 0.69x 1.34x 0.81x 2.11x 1.18x 1.04x 0.96x
EV / EBITDA 7.86x 1.9x 5.1x 5.08x 31.4x 24.8x 6.37x 5.42x
EV / EBIT 15.7x 2.58x 9.76x 32.3x -20.3x -9.42x -100x 12.2x
EV / FCF 13.2x - 13.7x 12.3x -18.6x -9.01x 309x 7.47x
FCF Yield 7.57% - 7.31% 8.15% -5.37% -11.1% 0.32% 13.4%
Dividend per Share 2 - - 0.5 0.55 - 0.02 0.0467 0.0533
Rate of return - - 2.91% 5.36% - 0.24% 0.56% 0.64%
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 13.600 8.790 17.180 10.260 18.000 8.380 8.380 8.380
Nbr of stocks (in thousands) 44,109 44,122 53,620 53,458 66,739 63,683 - -
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 (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
8.23x1.75x4.53x7.72% 5.66TCr
12.86x1.41x7.35x0.95% 5.36TCr
15.43x0.88x7.13x0.92% 5.11TCr
13.93x2.35x5.27x4.42% 3.49TCr
20.71x1.82x10.03x0.56% 3.23TCr
13.03x1.44x8.34x0.96% 3.18TCr
13.45x1.19x7.19x2.23% 2.45TCr
11.53x0.75x6.66x3.7% 2.16TCr
16.61x1.2x10.92x1.28% 1.98TCr
Average 13.98x 1.42x 7.49x 2.53% 3.62TCr
Weighted average by Cap. 13.55x 1.46x 7.12x 2.75%

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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  5. Valuation Ramaco Resources, Inc.