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

$6.05

25 Jul
2024

-0.010

OPEN

$6.00

-0.17%

HIGH

$6.10

4,156,044

LOW

$5.97

TARGET
$6.658 10.1% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
ARU . ASM . BRE . 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 34.1 6.6 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx - 43.2% - 80.5% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 92.7 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 xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

24/07/2024

1

Buy

$6.90

14.05%

Lynas Rare Earths' June Q production missed UBS' forecast on unexpected maintenance at the LAMP. Depressed market conditions have reduced the urgency of Lynas' original growth plans, the broker notes.

The main focus for investors will be on the near-term growth trajectory and ensuring Lynas remains cost competitive with operations expanding from Malaysia to Australia and eventually the US.

UBS has trimmed its earnings forecasts on lower production but retains a $6.90 target and Buy rating.

FORECAST
UBS forecasts a full year FY24 EPS of 5.00 cents.
UBS forecasts a full year FY25 EPS of 11.00 cents.

Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Goldman Sachs

09/07/2024

1

Buy

$7.50

23.97%

For the second half of 2024 commodities outlook, Goldman Sachs remains most positive on copper, aluminium, and metallurgical coal on forecast market deficits.

On the other hand, the broker remains bearish thermal coal and battery materials (lithium, nickel) on forecast market surpluses. Elsewhere, the benchmark 62% iron ore price is expected to average between US$100-105/t over the remainder of the year.

The broker's target for Lynas Rare Earths rises to $7.50 from $7.40 after marking-to-market for both the NdPr price and currency. Buy.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 7.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 14.00 cents and EPS of 28.00 cents.
Access Stockbroker Research History >

LYC STOCK CHART

FNArena News on LYC

1
In Case You Missed It – BC Extra Upgrades & Downgrades – 26-07-24

Jul 26 2024 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Jul 25, 2024

Jul 25 2024 - Daily Market Reports
3
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
4
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
5
Australian Broker Call *Extra* Edition – Jul 09, 2024

Jul 09 2024 - Daily Market Reports

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