LYC market cap is currently about $2.2Bn (1.75Bn shares x 1.25 share price)
$400+m cash, $200m from debt, so lets say EV is $2Bn
At a basket price of $50/kg, opex of $15/kg, profit margin is $350M per year on 10,000tpa production
...or a P/E of 5.7x
On 20,000tpa production at the same basket price, profit margin is $700m per year
...or a P/E of 2.9x
Looking pretty cheap to me now.
valuation numbers
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Last
$5.98 |
Change
-0.090(1.48%) |
Mkt cap ! $5.589B | |||
| Open | High | Low | Value | Volume |
| $6.06 | $6.11 | $5.98 | $17.19M | 2.859M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 79108 | $5.98 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.02 | 17678 | 2 |
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| Last trade - 16.10pm 24/06/2024 (20 minute delay) ? |
| LYC (ASX) Chart |