Company Valuation: Arafura Rare Earths Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 446.4 644.6 404.3 431.3 1,312 1,123 - -
Change - 44.4% -37.28% 6.67% 204.23% -14.38% - -
Enterprise Value (EV) 1 421.7 515.7 362.9 404.3 590.1 690.6 1,620 2,328
Change - 22.3% -29.64% 11.42% 45.95% 17.03% 134.53% 43.72%
P/E -12.2x -6.04x -3.84x -22.2x -23.3x -72x -42x -7.98x
PBR - 3x 2.92x 2.89x 1.55x 1.08x 1.08x 1.25x
PEG - -0x 0.4x 0.3x -0.7x 1x -0.6x -0x
Capitalization / Revenue - - - - - - 53,958x 8.71x
EV / Revenue - - - - - - 77,797x 18.1x
EV / EBITDA -11.9x -5.21x -3.71x -12.6x -14.6x -16.1x -36.9x -36.1x
EV / EBIT -11.8x -5.18x -3.42x -12.4x -14.4x -15.9x -36.5x -23.1x
EV / FCF -13.6x -7.4x -3.32x - -20.3x -0.77x -1.72x 19.2x
FCF Yield -7.37% -13.5% -30.1% - -4.92% -130% -58.2% 5.2%
Dividend per Share 2 - - - - - - - -
Rate of return - - - - - - - -
EPS 2 -0.0233 -0.0505 -0.0456 -0.0079 -0.0105 -0.00257 -0.0044 -0.0232
Distribution rate - - - - - - - -
Net sales 1 - - - - - - 0.0208 128.9
EBITDA 1 -35.38 -99.04 -97.79 -31.98 -40.53 -42.88 -43.88 -64.45
EBIT 1 -35.7 -99.61 -106.2 -32.66 -41.01 -43.38 -44.38 -100.8
Net income 1 -35.56 -96.38 -101 -19.24 -41.09 -26.19 -32.6 -146.2
Net Debt 1 -24.68 -128.8 -41.42 -26.94 -721.9 -432.8 496.3 1,204
Reference price 2 0.2850 0.3050 0.1750 0.1750 0.2450 0.1850 0.1850 0.1850
Nbr of stocks (in thousands) 1,566,242 2,113,365 2,310,302 2,464,329 5,355,175 6,072,493 - -
Announcement Date 17/8/22 16/8/23 21/8/24 22/8/25 31/8/26 - - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
31.97x2.65x21.38x0.6% 20.2B
25.13x8.08x14.73x0.57% 10.37B
-183.71x19.29x62.11x-.--% 9B
23.57x - - - 5.48B
-18.04x - - - 3.81B
-4x - - - 1.92B
53.32x - - - 1.87B
-71.98x - -16.11x - 806M
Average -17.97x 10.01x 20.53x 0.39% 6.68B
Weighted average by Cap. -12.19x 7.86x 28.00x 0.46%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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