Lynas Rare Earths Valuation Multiples

Lynas Rare Earths Overview

About Lynas Rare Earths

Lynas is the largest rare-earth producer outside China. It owns the high-grade Mount Weld deposit in Western Australia and rare-earth processing facilities in Kalgoorlie and Malaysia. We estimate that Mount Weld is the world’s lowest-cost producer of separated neodymium and praseodymium, light rare-earth materials, which are sold to customers in the form of neodymium-praseodymium oxide with a mine life exceeding 20 years. As of December 2025, Lynas is also the only producer of separated heavy rare-earth dysprosium and terbium outside China. The company is further expanding NdPr capacity while diversifying into producing additional separated rare-earth materials, including samarium. It also intends to move downstream into rare-earth metal and magnet production.

Founded

1983

HQ

Employees

1.1K

Website

lynascorp.com

Sectors

Metals & Mining

Financials (LTM)

Revenue: $731M

EBITDA: $331M

EV

$14B

Valuation Multiples

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Lynas Rare Earths Financials

Lynas Rare Earths reported last 12-month revenue of $731M and EBITDA of $331M.

In the same LTM period, Lynas Rare Earths generated $404M in gross profit, $331M in EBITDA, and $209M in net income.

Lynas Rare Earths P&L

In the most recent fiscal year, Lynas Rare Earths reported revenue of $389M and EBITDA of $83M.

Lynas Rare Earths expects next 12-month revenue of XXX and NTM EBITDA of XXX

Lynas Rare Earths Stock Performance

Lynas Rare Earths has current market cap of $15B, and enterprise value of $14B.

Lynas Rare Earths' stock price is $14.82.

Lynas Rare Earths Valuation Multiples

Lynas Rare Earths trades at 19.6x EV/Revenue multiple, and 43.3x EV/EBITDA.

Lynas Rare Earths Financial Valuation Multiples

As of April 19, 2026, Lynas Rare Earths has market cap of $15B and EV of $14B.

Equity research analysts estimate Lynas Rare Earths' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Lynas Rare Earths has a P/E ratio of 71.4x.

Lynas Rare Earths Margins & Growth Rates

Lynas Rare Earths' revenue in the last 12 month grew by 63%.

Lynas Rare Earths' revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.1M for the same period.

Lynas Rare Earths' rule of 40 is 129% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Lynas Rare Earths' rule of X is 239% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Lynas Rare Earths Public Comps

See public comps and valuation multiples for other Metals & Mining comps.

Lynas Rare Earths M&A Activity

Lynas Rare Earths acquired XXX companies to date.

Last acquisition by Lynas Rare Earths was on XXXXXXXX, XXXXX. Lynas Rare Earths acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Lynas Rare Earths Investment Activity

Lynas Rare Earths invested in XXX companies to date.

Lynas Rare Earths made its latest investment on XXXXXXXX, XXXXX. Lynas Rare Earths invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).