Financials Vulcan Energy Resources Limited

Equities

Market Closed - Australian S.E. Other stock markets 02:10:43 2024-04-26 am EDT			5-day change	1st Jan Change
3.2 ^AUD	+4.92%		+5.26%	+12.28%

Apr. 24	ABB, Vulcan Energy Resources Team Up for Lithium Reserve Project in Europe	MT
Apr. 11	Strong US Inflation Numbers Bear Down on Australian Shares	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	167.6	993.2	618.6	334	359.1	-	-
Enterprise Value (EV) ²	167.6	908.7	618.6	334	51.17	868.7	1,364
P/E ratio	-37.4 x	-84.4 x	-43.3 x	-10.1 x	-12 x	-9.64 x	-5.66 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	-	2,125 x	158 x	45.5 x	50.5 x	46.1 x	2.26 x
EV / Revenue	-	1,944 x	158 x	45.5 x	7.2 x	112 x	8.58 x
EV / EBITDA	-	-116 x	-	-11.7 x	-0.93 x	-12.4 x	722 x
EV / FCF	-	-123 x	-	-	-0.29 x	-0.9 x	-3.42 x
FCF Yield	-	-0.81%	-	-	-341%	-111%	-29.2%
Price to Book	-	8.74 x	-	-	1.13 x	1.28 x	1.66 x
Nbr of stocks (in thousands)	78,934	131,542	143,435	172,073	172,073	-	-
Reference price ³	2.760	10.40	6.330	2.850	3.200	3.200	3.200
Announcement Date	9/30/20	9/2/21	3/27/23	3/27/24	-	-	-

¹AUD in Million²USD in Million³AUD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	0.4675	3.905	7.339	7.109	7.787	159.1
EBITDA ¹	-	-7.856	-	-28.48	-54.87	-69.87	1.89
EBIT ¹	-	-7.953	-	-34.83	-63.05	-102.4	-93.23
Operating Margin	-	-1,701.34%	-	-474.57%	-886.97%	-1,314.88%	-58.59%
Earnings before Tax (EBT) ¹	-	-7.953	-	-31.17	-119.7	-169.8	-171.8
Net income ¹	-2.547	-7.953	-	-29.17	-146.7	-139.5	-85.69
Net margin	-	-1,701.34%	-	-397.51%	-2,063.98%	-1,791.47%	-53.86%
EPS ²	-0.0737	-0.1232	-0.1461	-0.2820	-0.2660	-0.3320	-0.5650
Free Cash Flow ¹	-	-7.392	-	-	-174.3	-961.2	-398.5
FCF margin	-	-1,581.28%	-	-	-2,452.43%	-12,344.3%	-250.45%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	9/30/20	9/2/21	3/27/23	3/27/24	-	-	-

¹USD in Million²AUD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	510	1,005
Net Cash position ¹	-	84.5	-	-	308	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-7.294 x	532.1 x
Free Cash Flow ¹	-	-7.39	-	-	-174	-961	-399
ROE (net income / shareholders' equity)	-	-15.6%	-	-	-41.3%	-48.7%	-14.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.190	-	-	2.820	2.490	1.930
Cash Flow per Share ²	-	-0.0300	-	-	-2.210	-5.930	-6.640
Capex ¹	-	5.29	-	-	160	879	617
Capex / Sales	-	1,131.4%	-	-	2,245.94%	11,287.61%	388.02%
Announcement Date	9/30/20	9/2/21	3/27/23	3/27/24	-	-	-

¹USD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.2 AUD

Average target price

9.25 AUD

Spread / Average Target

+189.06%

	1st Jan change	Capi.
VULCAN ENERGY RESOURCES LIMITED	+12.28%	359M
SOUTHERN COPPER CORPORATION	+35.87%	90.41B
FREEPORT-MCMORAN INC.	+18.63%	72.53B
MINING AND METALLURGICAL COMPANY NORILSK NICKEL	-.--%	27.75B
JIANGXI COPPER COMPANY LIMITED	+48.73%	10.49B
SUMITOMO METAL MINING CO., LTD.	+24.16%	9.2B
BOLIDEN AB	+12.94%	8.86B
KOREA ZINC INC.	-8.73%	6.9B
WESTERN MINING CO.,LTD.	+44.50%	6.78B
JINDUICHENG MOLYBDENUM CO., LTD.	+23.28%	5.19B