Company Valuation: Ramelius Resources Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 1,380 754.6 1,249 2,195 2,921 6,763 - -
Change - -45.31% 65.52% 75.7% 33.09% 131.55% - -
Enterprise Value (EV) 1 1,177 606.8 1,027 1,781 2,201 4,971 6,221 6,032
Change - -48.45% 69.16% 73.47% 23.63% 125.79% 0.19% -3.04%
P/E 11x 60x 18.1x 10x 6.19x 45.8x 16.4x 9.86x
PBR 2.17x 1.05x 1.33x 1.66x 1.54x 1.4x 1.63x 1.47x
PEG - -0.7x 0x 0x 0x -0.5x 0x 0.1x
Capitalization / Revenue 2.18x 1.25x 1.98x 2.49x 2.43x 5.32x 4.99x 3.51x
EV / Revenue 1.86x 1x 1.63x 2.02x 1.83x 4.81x 4.59x 3.13x
EV / EBITDA 3.45x 2.07x 3.72x 3.85x 2.68x 9.27x 7.33x 4.75x
EV / EBIT 6.63x 5.53x 9.18x 6.36x 3.34x 23.9x 12x 6.72x
EV / FCF 9.63x -18.2x 7.3x 5.37x 3.61x 21.6x 17.8x 9.17x
FCF Yield 10.4% -5.51% 13.7% 18.6% 27.7% 4.62% 5.63% 10.9%
Dividend per Share 2 0.045 0.01 0.02 0.05 0.08 0.06 0.0394 0.0703
Rate of return 2.65% 1.15% 1.59% 2.6% 3.17% 2.05% 1.1% 1.96%
EPS 2 0.1545 0.0145 0.0695 0.1917 0.4068 0.0638 0.2177 0.363
Distribution rate 29.1% 69% 28.8% 26.1% 19.7% 94% 18.1% 19.4%
Net sales 1 634.3 603.9 631.3 882.6 1,203 1,033 1,355 1,925
EBITDA 1 341 292.8 276.3 462.2 822.2 536.2 848.3 1,270
EBIT 1 177.5 109.8 111.8 279.9 658.2 207.9 518.8 898
Net income 1 126.8 12.4 61.56 216.6 474.2 118.8 429.8 680.1
Net Debt 1 -202.5 -147.8 -222.5 -413.8 -719.3 -528.9 -541.9 -730.8
Reference price 2 1.695 0.870 1.260 1.920 2.520 3.580 3.580 3.580
Nbr of stocks (in thousands) 814,017 867,385 991,298 1,142,970 1,158,992 1,889,051 - -
Announcement Date 25/8/21 28/8/22 27/8/23 25/8/24 24/8/25 20/8/26 - -
1AUD in Million2AUD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
42.96x6.04x9.38x1.41% 4.81B
16.83x5.71x8.12x1.67% 54.27B
32.51x19.58x21.24x0.66% 51.47B
9.85x3.19x4.66x5.09% 37.64B
15.41x4.72x8.07x2.79% 19.78B
11.87x - - 5.03% 17.4B
5.95x1.69x3.17x4.67% 12.26B
17.3x13.56x16.08x0.71% 6.81B
7.24x0.61x4.85x7.49% 4.52B
Average 17.77x 6.89x 9.44x 3.28% 23.22B
Weighted average by Cap. 18.66x 8.75x 10.88x 2.69%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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