Lynas Rare Earths Ltd LYC

Morningstar Rating
A$12.95 +0.31 (2.45%)
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Company Report

Price vs Fair Value

LYC is trading at a LOCK|PT!q premium.
Price
A$12.95
Fair Value
^%
Uncertainty
LOCK|ssG
1-Star Price
LOCK|.jp
5-Star Price
y
Economic Moat
LOCK|Cj^%
Capital Allocation
LOCK|^$C$$$

Bulls Say, Bears Say

Bulls

Mount Weld is one of the world’s highest-grade rare-earth deposits with a remaining mine lifespan of more than two decades and with low sovereign risk.

Bears

Rare-earth prices are driven by Chinese dominance of the industry; the Chinese government has artificially suppressed prices in the past.

News

Trading Information

Previous Close Price
A$12.64
Day Range
A$12.36–13.01
52-Week Range
A$12.15–22.37
Bid/Ask
A$12.90 / A$13.00
Shares Outstanding
1.01B
Market Cap
A$13.03B
Volume/Avg
9M / 4M

Key Statistics

Price/Earnings (Normalized)
56.67
Price/Sales
13.35
Dividend Yield (Trailing)
0.00%
Dividend Yield (Forward)
0.00%
Dividend Payment Schedule
—
Total Yield
—

Company Profile

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.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Large Growth
Total Number of Employees
25

Competitors

Valuation

Metric
LYC
IGO
PLS
Price/Earnings (Normalized)
56.6755.2120.58
Price/Book Value
3.732.182.93
Price/Sales
13.3510.967.83
Price/Cash Flow
41.5737.169.13
Price/Earnings
LYC
IGO
PLS

Financial Strength

Metric
LYC
IGO
PLS
Quick Ratio
7.814.773.01
Current Ratio
9.355.463.25
Interest Coverage
8.3015.967.99
Quick Ratio
LYC
IGO
PLS

Profitability

Metric
LYC
IGO
PLS
Return on Assets (Normalized)
6.25%4.61%10.38%
Return on Equity (Normalized)
7.65%5.12%14.50%
Return on Invested Capital (Normalized)
6.84%4.89%12.01%
Return on Assets
LYC
IGO
PLS

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