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 7,367 - -
Change - -45.31% 65.52% 75.7% 33.09% 152.25% - -
Enterprise Value (EV) 1 1,177 606.8 1,027 1,781 2,201 6,814 6,837 6,669
Change - -48.45% 69.16% 73.47% 23.63% 209.52% 0.34% -2.45%
P/E 11x 60x 18.1x 10x 6.19x 45.8x 17.7x 10.8x
PBR 2.17x 1.05x 1.33x 1.66x 1.54x 1.9x 1.79x 1.62x
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 5.43x 3.87x
EV / Revenue 1.86x 1x 1.63x 2.02x 1.83x 6.63x 5.04x 3.5x
EV / EBITDA 3.45x 2.07x 3.72x 3.85x 2.68x 10.3x 7.91x 5.25x
EV / EBIT 6.63x 5.53x 9.18x 6.36x 3.34x 24.1x 12.4x 7.48x
EV / FCF 9.63x -18.2x 7.3x 5.37x 3.61x 22.4x 19.5x 10.1x
FCF Yield 10.4% -5.51% 13.7% 18.6% 27.7% 4.46% 5.12% 9.86%
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% 1.3% 1.03% 1.83%
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 3.900 3.900 3.900
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.($)
45.96x6.5x10.09x1.32% 5.18B
14.15x5.48x7.81x1.75% 51.9B
32.07x19.24x20.82x0.67% 50.72B
10.05x3.42x4.84x5.19% 40.92B
16.85x5.16x8.82x2.62% 21.64B
12.64x - - 4.72% 18.47B
4.74x1.55x2.87x4.7% 12.15B
18.48x13.72x16.09x0.7% 6.93B
9.1x1.93x3.84x1.43% 4.29B
Average 18.23x 7.13x 9.40x 2.57% 23.58B
Weighted average by Cap. 18.07x 8.61x 10.66x 2.62%

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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