Company Valuation: Ionic Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 104.1 57.78 32.23 41.44 56.44 75.39 - -
Change - -44.47% -44.21% 28.56% 36.19% 33.58% - -
Enterprise Value (EV) 1 86.31 50.61 30.83 41.44 53.96 28.06 52.79 75.39
Change - -41.36% -39.08% 34.43% 30.21% -48% 88.12% 42.82%
P/E -31.6x -10.3x -1.92x -5.43x -5.02x -12.2x 30x -
PBR - 2.03x 1.12x - 2.24x 0.45x 0.38x -
PEG - -0.2x -0x 0.1x -0.4x 0.2x -0x -
Capitalization / Revenue - - - - 45.6x 40.1x 2.65x 1.11x
EV / Revenue - - - - 43.6x 14.9x 1.86x 1.11x
EV / EBITDA -28.4x -9.85x -2.36x - -9.16x -3.26x 1.8x 1.68x
EV / EBIT - -9.19x -2.11x - -5.08x -1.67x 2.47x 2.49x
EV / FCF -10.3x -5.61x - - -4.91x -0.91x -2.54x -
FCF Yield -9.7% -17.8% - - -20.4% -110% -39.3% -
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0255 -0.0426 -0.1041 -0.0435 -0.0496 -0.024 0.00977 -
Distribution rate - - - - - - - -
Net sales 1 - - - - 1.237 1.881 28.45 67.75
EBITDA 1 -3.039 -5.137 -13.05 - -5.888 -8.602 29.25 44.79
EBIT 1 - -5.509 -14.63 - -10.63 -16.82 21.34 30.22
Net income 1 -3.081 -5.51 -14.68 -7.46 -10.64 -12.21 8.865 25.68
Net Debt 1 -17.75 -7.173 -1.407 - -2.476 -47.33 -22.6 -
Reference price 2 0.8061 0.4393 0.2002 0.2360 0.2490 0.2928 0.2928 0.2928
Nbr of stocks (in thousands) 129,087 131,537 161,043 175,581 226,608 257,464 - -
Announcement Date 9/23/22 9/29/23 9/30/24 9/29/25 9/17/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
-12.27x15.17x-3.32x - 75.86M
27.08x2.59x21.02x1.05% 19.94B
8.84x1.99x5.19x8.24% 18.46B
7.3x1.01x3.57x11.39% 9.67B
17.65x5.84x11.07x0.14% 9.49B
28.64x8.51x16.84x0.3% 9.6B
18.75x - - 0.4% 7.29B
4.51x0.75x2.2x9.28% 6.5B
-98.76x13.48x49.77x-.--% 6.55B
Average 0.19x 6.17x 13.29x 3.85% 10B
Weighted average by Cap. 8.39x 4.10x 14.40x 4.01%

Y-o-Y evolution of P/E

Valuation ratios - P/E - Ionic Rare Earths Limited

Historical PBR trend

Valuation ratios - PBR - Ionic Rare Earths Limited

Evolution Enterprise Value / Sales

Valuation ratios - VE_REV - Ionic Rare Earths Limited

Change in Enterprise Value/EBITDA

Valuation ratios - VE_EBITDA - Ionic Rare Earths Limited

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