Financials Vulcan Energy Resources Limited

Equities

Market Closed - Australian S.E. Other stock markets 02:10:41 2024-05-02 am EDT			5-day change	1st Jan Change
3.17 ^AUD	-4.23%		+4.62%	+11.23%

Apr. 24	ABB, Vulcan Energy Resources Team Up for Lithium Reserve Project in Europe	MT
Apr. 11	Strong US Inflation Numbers Bear Down on Australian Shares	MT

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	167.6	993.2	618.6	334	356.8	-	-
Enterprise Value (EV) ²	167.6	908.7	618.6	248.8	-520.7	670.6	1,362
P/E ratio	-37.4 x	-84.4 x	-43.3 x	-10.1 x	-11.9 x	-9.55 x	-5.61 x
Yield	-	-	-	-	-	-	-
Capitalization / Revenue	-	2,125 x	158 x	45.5 x	50.2 x	45.8 x	2.24 x
EV / Revenue	-	1,944 x	158 x	33.9 x	-73.2 x	86.1 x	8.56 x
EV / EBITDA	-	-116 x	-	-8.74 x	9.49 x	-9.6 x	-58.5 x
EV / FCF	-	-123 x	-	-1.97 x	2.99 x	-0.7 x	-3.42 x
FCF Yield	-	-0.81%	-	-50.9%	33.5%	-143%	-29.3%
Price to Book	-	8.74 x	-	1.1 x	1.12 x	1.27 x	1.65 x
Nbr of stocks (in thousands)	78,934	131,542	143,435	172,073	172,073	-	-
Reference price ³	2.760	10.40	6.330	2.850	3.170	3.170	3.170
Announcement Date	9/30/20	9/2/21	3/27/23	3/27/24	-	-	-

¹AUD in Million²USD in Million³AUD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	-	0.4675	3.905	7.339	7.109	7.787	159.1
EBITDA ¹	-	-7.856	-	-28.48	-54.87	-69.87	-23.27
EBIT ¹	-	-7.953	-	-34.83	-63.05	-102.4	-93.23
Operating Margin	-	-1,701.34%	-	-474.57%	-886.97%	-1,314.88%	-58.59%
Earnings before Tax (EBT) ¹	-	-7.953	-	-31.17	-119.7	-169.8	-171.8
Net income ¹	-2.547	-7.953	-	-29.17	-99.5	-139.5	-85.69
Net margin	-	-1,701.34%	-	-397.51%	-1,399.6%	-1,791.47%	-53.86%
EPS ²	-0.0737	-0.1232	-0.1461	-0.2820	-0.2660	-0.3320	-0.5650
Free Cash Flow ¹	-	-7.392	-	-126.6	-174.3	-961.2	-398.5
FCF margin	-	-1,581.28%	-	-1,724.36%	-2,452.43%	-12,344.3%	-250.45%
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share	-	-	-	-	-	-	-
Announcement Date	9/30/20	9/2/21	3/27/23	3/27/24	-	-	-

¹USD in Million²AUD

Estimates

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	-	-	-	-	-	314	1,005
Net Cash position ¹	-	84.5	-	85.2	878	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-4.491 x	-43.2 x
Free Cash Flow ¹	-	-7.39	-	-127	-174	-961	-399
ROE (net income / shareholders' equity)	-	-15.6%	-	-10.8%	-41.3%	-48.7%	-14.5%
ROA (Net income/ Total Assets)	-	-	-	-	-	-	-
Assets ¹	-	-	-	-	-	-	-
Book Value Per Share ²	-	1.190	-	2.590	2.820	2.490	1.930
Cash Flow per Share ²	-	-0.0300	-	-0.2500	-2.210	-5.930	-6.640
Capex ¹	-	5.29	-	100	160	879	617
Capex / Sales	-	1,131.4%	-	1,365.65%	2,245.94%	11,287.61%	388.02%
Announcement Date	9/30/20	9/2/21	3/27/23	3/27/24	-	-	-

¹USD in Million²AUD

Estimates

Trading Rating

Investor Rating

ESG Refinitiv

C+

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.31 AUD

Average target price

9.25 AUD

Spread / Average Target

+179.46%

	1st Jan change	Capi.
VULCAN ENERGY RESOURCES LIMITED	+11.23%	370M
SOUTHERN COPPER CORPORATION	+32.00%	89.04B
FREEPORT-MCMORAN INC.	+14.69%	71.68B
MINING AND METALLURGICAL COMPANY NORILSK NICKEL	-.--%	27.24B
JIANGXI COPPER COMPANY LIMITED	+44.57%	10.31B
BOLIDEN AB	+17.04%	9.17B
SUMITOMO METAL MINING CO., LTD.	+24.00%	9.1B
KOREA ZINC INC.	-6.93%	7B
WESTERN MINING CO.,LTD.	+40.85%	6.62B
PT PETRINDO JAYA KREASI TBK	-44.51%	5.16B