Company Valuation: Ramelius Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 754.6 1,249 2,195 2,921 5,499 7,197 - -
Change - 65.52% 75.7% 33.09% 88.3% 30.87% - -
Enterprise Value (EV) 1 606.8 1,027 1,781 2,201 4,971 6,783 6,587 6,235
Change - 69.16% 73.47% 23.63% 125.79% 36.47% -2.89% -5.35%
P/E 60x 18.1x 10x 6.19x 45.8x 18.6x 11.7x 8.87x
PBR 1.05x 1.33x 1.66x 1.54x 1.4x 1.75x 1.58x 1.43x
PEG - 0x 0x 0x -0.5x 0x 0.2x 0.3x
Capitalization / Revenue 1.25x 1.98x 2.49x 2.43x 5.32x 5.46x 3.94x 2.75x
EV / Revenue 1x 1.63x 2.02x 1.83x 4.81x 5.14x 3.61x 2.38x
EV / EBITDA 2.07x 3.72x 3.85x 2.68x 9.27x 8x 5.43x 3.96x
EV / EBIT 5.53x 9.18x 6.36x 3.34x 23.9x 13.2x 7.77x 5.75x
EV / FCF -18.2x 7.3x 5.37x 3.61x 21.6x 18x 8.85x 5.9x
FCF Yield -5.51% 13.7% 18.6% 27.7% 4.62% 5.54% 11.3% 16.9%
Dividend per Share 2 0.01 0.02 0.05 0.08 0.06 0.0318 0.0541 0.1111
Rate of return 1.15% 1.59% 2.6% 3.17% 2.05% 0.83% 1.42% 2.92%
EPS 2 0.0145 0.0695 0.1917 0.4068 0.0638 0.2046 0.3259 0.4296
Distribution rate 69% 28.8% 26.1% 19.7% 94% 15.5% 16.6% 25.9%
Net sales 1 603.9 631.3 882.6 1,203 1,033 1,319 1,825 2,619
EBITDA 1 292.8 276.3 462.2 822.2 536.2 848.4 1,212 1,574
EBIT 1 109.8 111.8 279.9 658.2 207.9 512.4 847.6 1,083
Net income 1 12.4 61.56 216.6 474.2 118.8 404.7 613.2 808.5
Net Debt 1 -147.8 -222.5 -413.8 -719.3 -528.9 -414.2 -610.3 -962.6
Reference price 2 0.870 1.260 1.920 2.520 2.920 3.810 3.810 3.810
Nbr of stocks (in thousands) 8,67,385 9,91,298 11,42,970 11,58,992 18,83,376 18,89,051 - -
Announcement Date 28/08/22 27/08/23 25/08/24 24/08/25 20/08/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.62x5.14x8x0.83% 501.59Cr
11.71x4.35x6.81x0.9% 12TCr
9.78x1.76x5.76x3.47% 12TCr
14.66x5.7x7.98x0.88% 9.28TCr
11.56x2.91x4.48x2.24% 6.59TCr
28.33x16.97x19.83x0.57% 6.2TCr
11.41x3.74x5.54x3.98% 4.82TCr
29.73x17.68x19.09x0.73% 4.65TCr
7.71x2.74x4.02x5.52% 3.18TCr
8.67x2.85x4.52x0.64% 2.8TCr
Average 15.22x 6.38x 8.60x 1.98% 6.17TCr
Weighted average by Cap. 14.50x 6.00x 8.44x 1.94%

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 Ramelius Resources Limited