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
Index: 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

$9.82

18 May
2022

0.400

OPEN

$9.66

4.25%

HIGH

$9.89

6,323,603

LOW

$9.58

TARGET
$8.75 -10.9% downside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
NTU . SVM . ASM . HAS . GGG . VML . ARU .
FNARENA'S MARKET CONSENSUS FORECASTS
LYC: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 18.1 55.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 16.8 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 0.0% 0.0% 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 © 2022 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx18.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx489.0 M
Book Value Per Share xxxxxxxxxxxxxxx120.2
Net Operating Cash Flow xxxxxxxxxxxxxxx211.1 M
Net Profit Margin xxxxxxxxxxxxxxx32.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Capital Employed xxxxxxxxxxxxxxx19.61 %
Return on Invested Capital xxxxxxxxxxxxxxx16.36 %
Return on Assets xxxxxxxxxxxxxxx13.02 %
Return on Equity xxxxxxxxxxxxxxx19.61 %
Return on Total Capital xxxxxxxxxxxxxxx15.71 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx170.7 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.3

No. Of Recommendations

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

19/04/2022

4

Lighten

$4.70

-52.14%

Lynas Rare Earths returned to pre-covid production levels in the third quarter, including a record 1,700 tonnes of neodymium-praseodymium output, while Ord Minnett notes realised pricing also reached an all time high of $64 per kilo. 

Less positive was an increase in the company's cost base to $94m, but Ord Minnett notes the increase appears immaterial on a unit basis compared to margins of 70%.

With a critical minerals thematic appearing to gain momentum, the broker notes demand for rare earth minerals should be sustained, but remains cautious on near-term price risk with prices declining -26% from a late-February peak. 

The Lighten rating is retained and the target price increases to $4.70 from $4.50.

FORECAST
Ord Minnett forecasts a full year FY22 dividend of 0.00 cents and EPS of 57.90 cents.
Ord Minnett forecasts a full year FY23 dividend of 0.00 cents and EPS of 51.40 cents.

LYC STOCK CHART