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

$6.56

18 Apr
2024

0.110

OPEN

$6.60

1.71%

HIGH

$6.64

5,476,728

LOW

$6.38

TARGET
$6.56
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 10.0 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 63.8 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

0.4

No. Of Recommendations

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

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

27/02/2024

1

Outperform

$7.00

6.71%

Lynas Rare Earths' earnings came in well ahead of consensus and of Macquarie's prior above-market forecast. Free cash flow and cash balance were broadly in line.

Management has a strong focus on continued cost reduction, against a backdrop of current subdued NdPr prices. Cost
performance in a low price environment remains a key focus area in the near term, the broker suggests.

The Kalgoorlie cracking and leaching facility received the first material feed in December. Production from Kalgoorlie is set to be shipped to the Malaysian plant late in the March Q, which is a near-term catalyst for the stock.

Outperform and $7.00 target retained.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of 13.80 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of 48.10 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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LYC STOCK CHART