Came across a Bell Potter research report on WA1 - niobium player which had very similar ebitda projections at about AUD500m/yr as does Renergen so did a comparison below:
WA1
Marketcap about AUD1 billion
Ebitda projections about AUD500m/yr
Capex needed maybe AUD1.5b?
No funds secured for capex as too early
Status - 2 years since discovery and maybe 5-10 years away from hitting AUD500m/yr of ebitda from a niobium mining operation
Bell Potter used x11 multiple to value the EV or marketcap at about AUD5.5b once doing AUD500m/yr in ebitda
Upside potential from AUD1b marketcap to AUD5.5b marketcap about x5
Renergen
Marketcap about AUD100m
Ebitda projections per a Mar 2023 guidance about AUD500m/yr
Capex needed US1.2b
Phase 2 production in 2027 - 3 years
US750m in debt secured
US150m nasdaq ipo pending
Remaining US300m could be raised later maybe as helium pre-sales to limit dilution
Using x11 ebitda multiple same as WA1 then Renergen would have the same AUD5.5b marketcap potential once ebitda is doing AUD500m/yr
Upside potential from AUD100m to AUD5.5b marketcap about x55
So in summary potential upside of x55 for Renergen versus x5 for WA1 from the current marketcaps.
Anyway that's my take
- Forums
- ASX - By Stock
- RLT
- Renergen General Discussion
Renergen General Discussion, page-3105
-
-
- There are more pages in this discussion • 499 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add RLT (ASX) to my watchlist
(20min delay)
|
|||||
Last
84.5¢ |
Change
-0.030(3.43%) |
Mkt cap ! $25.62M |
Open | High | Low | Value | Volume |
87.0¢ | 87.0¢ | 84.5¢ | $37.82K | 43.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5952 | 84.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
86.5¢ | 948 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 5952 | 0.840 |
1 | 2523 | 0.810 |
1 | 1000 | 0.800 |
1 | 134 | 0.750 |
1 | 750 | 0.700 |
Price($) | Vol. | No. |
---|---|---|
0.865 | 948 | 1 |
0.900 | 7389 | 2 |
0.925 | 2000 | 1 |
0.990 | 1578 | 1 |
1.005 | 1769 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
RLT (ASX) Chart |