Company Valuation: Fitzroy River Corporation Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026
Market Cap 1 16.19 14.03 18.35 13.49 17.81 22.13
Change - -13.33% 30.77% -26.47% 32% 24.24%
Enterprise Value (EV) 1 15.72 12.76 16.59 11.11 17.06 8.935
Change - -18.82% 30.04% -33.06% 53.59% -47.63%
P/E 167x 16.5x 132x -179x -65.4x -108x
PBR 2.6x 1.83x 3.12x 2.38x 6.27x 8.38x
PEG - 0x -1.6x 1x -0x 4.4x
Capitalization / Revenue 23.4x 10.9x 17.7x 18.6x 29.3x 37.3x
EV / Revenue 22.7x 9.88x 16x 15.3x 28.1x 15.1x
EV / EBITDA 63.4x 14.2x 25.1x 30.7x 75.5x 160x
EV / EBIT -333x 21.1x 45.4x -196x -88.6x -24.6x
EV / FCF -150x 28.9x 19.7x 30.4x 35.4x 0.36x
FCF Yield -0.67% 3.46% 5.08% 3.29% 2.83% 276%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 0.000899 0.007883 0.001285 -0.0007 -0.002522 -0.001899
Distribution rate - - - - - -
Net sales 1 0.6912 1.291 1.037 0.7255 0.6075 0.593
EBITDA 1 0.2481 0.8989 0.6607 0.362 0.226 0.0558
EBIT 1 -0.0472 0.6035 0.3653 -0.0566 -0.1926 -0.3628
Net income 1 0.0836 0.851 0.1388 -0.0719 -0.2723 -0.201
Net Debt 1 -0.4744 -1.273 -1.758 -2.385 -0.7498 -13.2
Reference price 2 0.1500 0.1300 0.1700 0.1250 0.1650 0.2050
Nbr of stocks (in thousands) 107,954 107,954 107,954 107,954 107,954 107,954
Announcement Date 9/15/21 9/30/22 9/15/23 9/3/24 9/3/25 9/4/26
1AUD in Million2AUD
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 25.71M
12.43x2.43x5.38x2.58% 158B
12.43x3.31x6.34x3.59% 102B
8.43x2.59x4.5x2.86% 75.65B
9.88x1.47x4.78x1.91% 60.06B
7.25x2.48x3.94x1.74% 58.82B
9.19x2.56x5.04x2.29% 55.9B
11.37x3.44x4.94x2.27% 53.88B
12.38x3.38x5.14x5.91% 43.81B
5.7x1.65x3.96x4.74% 35.99B
Average 9.90x 2.59x 4.89x 3.1% 64.46B
Weighted average by Cap. 10.50x 2.62x 5.08x 2.93%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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