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 7,141 - -
Change - -45.31% 65.52% 75.7% 33.09% 144.49% - -
Enterprise Value (EV) 1 1,177 606.8 1,027 1,781 2,201 6,587 6,610 6,443
Change - -48.45% 69.16% 73.47% 23.63% 199.22% 0.36% -2.54%
P/E 11x 60x 18.1x 10x 6.19x 45.8x 17.1x 10.4x
PBR 2.17x 1.05x 1.33x 1.66x 1.54x 1.84x 1.74x 1.57x
PEG - -0.7x 0x 0x 0x -0.5x 0x 0.2x
Capitalization / Revenue 2.18x 1.25x 1.98x 2.49x 2.43x 5.32x 5.26x 3.75x
EV / Revenue 1.86x 1x 1.63x 2.02x 1.83x 6.41x 4.87x 3.39x
EV / EBITDA 3.45x 2.07x 3.72x 3.85x 2.68x 9.95x 7.65x 5.07x
EV / EBIT 6.63x 5.53x 9.18x 6.36x 3.34x 23.3x 12x 7.23x
EV / FCF 9.63x -18.2x 7.3x 5.37x 3.61x 21.7x 18.9x 9.8x
FCF Yield 10.4% -5.51% 13.7% 18.6% 27.7% 4.61% 5.3% 10.2%
Dividend per Share 2 0.045 0.01 0.02 0.05 0.08 0.0506 0.0402 0.0714
Rate of return 2.65% 1.15% 1.59% 2.6% 3.17% 1.34% 1.06% 1.89%
EPS 2 0.1545 0.0145 0.0695 0.1917 0.4068 0.0638 0.2204 0.3624
Distribution rate 29.1% 69% 28.8% 26.1% 19.7% 60.7% 18.2% 19.7%
Net sales 1 634.3 603.9 631.3 882.6 1,203 1,033 1,358 1,903
EBITDA 1 341 292.8 276.3 462.2 822.2 536.2 864.1 1,271
EBIT 1 177.5 109.8 111.8 279.9 658.2 207.9 550.3 891.1
Net income 1 126.8 12.4 61.56 216.6 474.2 118.8 417.1 683.3
Net Debt 1 -202.5 -147.8 -222.5 -413.8 -719.3 -553.6 -530.1 -697.9
Reference price 2 1.695 0.870 1.260 1.920 2.520 3.780 3.780 3.780
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.($)
46.8x6.63x10.29x1.3% 5.27B
31.13x18.65x20.18x0.69% 49.22B
9.99x3.4x4.81x5.23% 40.69B
16.9x5.17x8.85x2.61% 21.68B
12.51x - - 4.77% 18.28B
5.38x1.63x3x5.13% 12.11B
17.92x13.31x15.61x0.72% 6.72B
9.22x1.97x3.91x1.41% 4.34B
6.77x0.54x4.26x8.28% 4.18B
Average 17.40x 6.41x 8.86x 3.35% 18.06B
Weighted average by Cap. 18.67x 9.18x 11.17x 3.11%

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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  4. Valuation Ramelius Resources Limited