Company Valuation: Chatham Rock Phosphate Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2020 2021 2022 2023 2024 2025
Market Cap 1 2.748 5.609 14.35 14.44 9.261 8.473
Change - 104.14% 155.8% 0.62% -35.86% -8.51%
Enterprise Value (EV) 1 2.735 5.23 12.98 13.7 9.209 8.467
Change - 91.21% 148.18% 5.58% -32.81% -8.06%
P/E -4.2x -7.73x -12.2x -8.12x -5.92x -6.73x
PBR 0.63x 1.09x 2.03x 1.98x 1.41x 1.31x
PEG - 0.2x 7.21x -0.3x 0.3x 0.2x
Capitalization / Revenue 532x 1,078x 2,693x 35,044x - -
EV / Revenue 530x 1,005x 2,436x 33,264x - -
EV / EBITDA -4.26x -9.19x -12.6x -7.7x -5.9x -6.95x
EV / EBIT -4.26x -9.18x -12.6x -7.68x -5.88x -6.92x
EV / FCF -11.3x -8.28x 28.3x -6.89x -8.13x -12.3x
FCF Yield -8.83% -12.1% 3.53% -14.5% -12.3% -8.15%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -0.0249 -0.0166 -0.0163 -0.0208 -0.0164 -0.0115
Distribution rate - - - - - -
Net sales 1 0.005166 0.005202 0.005328 0.000412 - -
EBITDA 1 -0.6419 -0.5694 -1.031 -1.781 -1.56 -1.219
EBIT 1 -0.642 -0.5695 -1.034 -1.785 -1.567 -1.224
Net income 1 -0.6403 -0.5729 -1.033 -1.771 -1.472 -1.183
Net Debt 1 -0.0124 -0.3789 -1.367 -0.7333 -0.0524 -0.005794
Reference price 2 0.1045 0.1284 0.1995 0.1692 0.0971 0.0774
Nbr of stocks (in thousands) 26,303 43,699 71,931 85,329 95,333 109,484
Announcement Date 7/29/20 7/28/21 7/29/22 8/1/23 7/29/24 7/29/25
1CAD in Million2CAD
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31x2.99x13.09x0.9% 55.26B
11.02x1.25x6.54x5.15% 8.61B
20.36x1.3x7.06x1.46% 5.29B
28.36x5.13x19.55x0.53% 4.32B
Average 22.69x 2.67x 11.56x 2.01% 18.37B
Weighted average by Cap. 27.74x 2.79x 12.27x 1.42%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  5. Valuation Chatham Rock Phosphate Limited