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 1,122 762.4 - -
Change - -35.35% 124.62% -38.28% 108.7% -32.06% - -
Enterprise Value (EV) 1 621.4 387.8 929.7 537.7 1,133 884 887.6 1,195
Change - -37.58% 139.73% -42.17% 110.75% -21.99% 0.41% 34.65%
P/E 15.1x 3.38x 9.93x 93.3x -18.2x -15.6x 172x 25.2x
PBR 2.84x - 2.45x - 2.46x 1.9x 1.79x 1.58x
PEG - 0x -0.3x -1x 0x 0.8x -2x 0x
Capitalization / Revenue 2.12x 0.69x 1.26x 0.81x 2.09x 1.28x 1.07x 0.86x
EV / Revenue 2.19x 0.69x 1.34x 0.81x 2.11x 1.48x 1.25x 1.35x
EV / EBITDA 7.86x 1.9x 5.1x 5.08x 31.4x 19.2x 7.08x 7.85x
EV / EBIT 15.7x 2.58x 9.76x 32.3x -20.3x -16.6x 62.5x 27.4x
EV / FCF 13.2x - 13.7x 12.3x -18.6x -14.2x 28.1x 25.9x
FCF Yield 7.57% - 7.31% 8.15% -5.37% -7.06% 3.55% 3.87%
Dividend per Share 2 - - 0.5 0.55 - 0.0267 0.0433 0.05
Rate of return - - 2.91% 5.36% - 0.22% 0.35% 0.41%
EPS 2 0.9 2.6 1.73 0.11 -0.99 -0.7883 0.0717 0.49
Distribution rate - - 28.9% 500% - -3.38% 60.5% 10.2%
Net sales 1 283.4 565.7 693.5 666.3 536.6 597.4 711.9 887.9
EBITDA 1 79.04 204.6 182.1 105.8 36.06 45.95 125.3 152.3
EBIT 1 39.53 150.4 95.24 16.64 -55.96 -53.23 14.19 43.66
Net income 1 39.76 116 82.31 11.19 -51.45 -39.93 15.84 40.9
Net Debt 1 21.48 - 58.59 - 11.07 121.6 125.2 432.7
Reference price 2 13.60 8.79 17.18 10.26 18.00 12.33 12.33 12.33
Nbr of stocks (in thousands) 44,109 44,122 53,377 53,216 66,449 65,311 - -
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.($)
-15.64x1.48x19.24x0.22% 76Cr
13.63x1.98x6.4x0.4% 422.89Cr
7.39x1.59x4.48x2.77% 328.25Cr
83.43x0.73x7.9x-.--% 186.51Cr
11.42x-0.14x-0.41x7.36% 139.61Cr
38.23x - - - 70Cr
Average 23.08x 1.13x 7.52x 2.15% 203.88Cr
Weighted average by Cap. 21.92x 1.38x 6.12x 1.84%

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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