LYNAS RARE EARTHS LIMITED (LYC)
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LYC - LYNAS RARE EARTHS LIMITED

FNArena Sector : Rare Earth Minerals
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.55
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

Lynas is the world's largest independent rare-earths mining company with operations in Western Australia and Malaysia. Founded as a gold company in 1983, it listed in 1986. It sold off its gold division in 2001.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$6.19

26 Apr
2024

-0.190

OPEN

$6.17

-2.98%

HIGH

$6.27

5,100,251

LOW

$6.10

TARGET
$6.35

+0.07 change from previous day

 2.6% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ARU . ASM . HAS . LIN . NTU . PEK . SRX . SVM . VHM . VML .
FNARENA'S MARKET CONSENSUS FORECASTS
LYC: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx N/A 8.5 xxx
DPS (cps) xxx N/A 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 72.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx34.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx739.3 M
Book Value Per Share xxxxxxxxxxxxxxx231.7
Net Operating Cash Flow xxxxxxxxxxxxxxx411.9 M
Net Profit Margin xxxxxxxxxxxxxxx42.02 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx16.31 %
Return on Invested Capital xxxxxxxxxxxxxxx14.97 %
Return on Assets xxxxxxxxxxxxxxx13.22 %
Return on Equity xxxxxxxxxxxxxxx16.31 %
Return on Total Capital xxxxxxxxxxxxxxx13.36 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-183.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx15 M
Long Term Debt xxxxxxxxxxxxxxx176 M
Total Debt xxxxxxxxxxxxxxx190 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,011 M
Price To Book Value xxxxxxxxxxxxxxx2.96

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx595.5 M
Capex % of Sales xxxxxxxxxxxxxxx80.55 %
Cost of Goods Sold xxxxxxxxxxxxxxx414 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx46 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.2

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Citi

26/04/2024

5

Downgrade to Sell from Neutral

$5.30

-14.38%

Citi downgrades its rating for Lynas Rare Earths to Sell from Neutral and lowers its target to $5.30 from $6.70 following March quarter operational results.

While there was a production beat against management guidance for NdPr, sales volumes fell by -41% quarter-on-quarter. The broker sees a bleaker pricing outlook for rare earths expects elevated unit costs.

The broker's NdPr price forecasts for FY25 and FY26 fall by -16% and -22%, respectively, and the long-term forecast is reduced to US$90/kg from US$100/kg.

China is expected to gain greater control over the rare earths market and use excess capacity to ensure prices are at moderate levels and deter ex-China growth, explains Citi.

FORECAST
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 7.60 cents.
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 16.50 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

LYC STOCK CHART

FNArena News on LYC

1
Weekly Ratings, Targets, Forecast Changes – 26-04-24

10:00 AM - Weekly Reports
2
Material Matters: Bullish Copper, Bearish Lithium

Apr 11 2024 - Commodities
3
The Short Report – 04 Apr 2024

Apr 04 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Mar 20, 2024

Mar 20 2024 - Daily Market Reports
5
Rudi’s View: CBA, GQG, Pilbara Minerals, Sonic Healthcare, Webjet & Xero

Mar 14 2024 - Rudi's View

Latest Rare Earth Minerals News

1
Lynas Rare Earths: High Chance Of Upside

May 23 2023 - Technicals
2
Rare Earth Elements: A Critical Challenge

May 03 2023 - Commodities
3
Security Blanket For Lynas

Nov 02 2022 - Australia
4
Consolidation Over For Lynas Rare Earths

Nov 16 2021 - Technicals
5
RESEARCH: Greenland Minerals, Major Capital Cost Reductions

Aug 05 2019 - FYI
6
Trade War Will Hasten Bull Market For Rare Earths

May 27 2019 - Commodities
7
CORRECTION: Trade Impasse Threatens US Lithium, Rare Earth Imports

May 24 2019 - Commodities
8
RESEARCH: Greenland Minerals Lowering Costs At Kvanefjeld

Feb 05 2019 - FYI
9
RESEARCH Greenland Minerals: A Rare Opportunity In Rare Earths

Sep 20 2018 - FYI
10
Rudi’s View: Lynas, Noni B And Citadel Group

Sep 13 2018 - Rudi's View