Lynas Rare Earths: operational and financial snapshot

Lynas Rare Earths (LYSDY) operates an integrated rare-earth supply chain, from the Mt Weld mine and concentration plant in Western Australia to processing sites in Kalgoorlie and an advanced materials plant in Gebeng, Malaysia. Products span light rare earths (lanthanum, cerium, praseodymium, neodymium) and heavy rare earths (samarium, europium, gadolinium, terbium, dysprosium). Shares traded around A$11.77, rising about 5.8% intraday, with a market cap near A$11.8 billion and a 52-week range of A$3.81–16.18. Trailing total returns are strong (YTD ~42%, 1-year ~182%), outpacing the S&P/ASX 200 benchmark. Recent financials show revenue (ttm) roughly A$556.5m and net income about A$8m, producing a low profit margin (~1.4%) and diluted EPS near A$0.01. Valuation metrics are stretched — trailing P/E well over 1,000 and a forward P/E near 53 — while price/book is about 7.1. Balance sheet highlights include cash around A$166m, modest net leverage (debt/equity ~8.6%), and negative levered free cash flow (~-A$466m). Analysts’ one-year price target averages near A$17.43. The company remains a key upstream supplier in the rare-earth supply chain, balancing strong market performance with thin near-term profitability and cash-flow pressure.