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Allkem Future Growth

Future criteria checks 2/6

Allkem is forecast to grow earnings and revenue by 5% and 12.7% per annum respectively. EPS is expected to grow by 4.7% per annum. Return on equity is forecast to be 13.5% in 3 years.

Key information

5.0%

Earnings growth rate

4.65%

EPS growth rate

Metals and Mining earnings growth	15.3%
Revenue growth rate	12.7%
Future return on equity	13.45%
Analyst coverage	Good
Last updated	01 Jan 2024

Recent future growth updates

Recent updates

Analysis Article • Dec 04

Allkem Limited's (ASX:AKE) Intrinsic Value Is Potentially 50% Above Its Share Price

Key Insights Allkem's estimated fair value is AU$24.89 based on 2 Stage Free Cash Flow to Equity Current share price of...

Analysis Article • Mar 23

Allkem (ASX:AKE) Has A Pretty Healthy Balance Sheet

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analysis Article • Nov 26

These 4 Measures Indicate That Allkem (ASX:AKE) Is Using Debt Reasonably Well

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analysis Article • Mar 28

Is Allkem (ASX:AKE) Using Too Much Debt?

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...

Analysis Article • Feb 21

Estimating The Fair Value Of Allkem Limited (ASX:AKE)

Today we will run through one way of estimating the intrinsic value of Allkem Limited ( ASX:AKE ) by taking the...

Analysis Article • Dec 28

Does Allkem (ASX:AKE) Have A Healthy Balance Sheet?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Analysis Article • Nov 23

Here's Why Orocobre Limited's (ASX:ORE) CEO Compensation Is The Least Of Shareholders' Concerns

Orocobre Limited ( ASX:ORE ) has exhibited strong share price growth in the past few years. However, its earnings...

Earnings and Revenue Growth Forecasts

ASX:AKE - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
6/30/2026	1,811	591	858	1,083	11
6/30/2025	1,352	519	426	799	12
6/30/2024	1,250	432	11	538	12
6/30/2023	1,208	445	257	791	N/A
3/31/2023	1,165	458	327	773	N/A
12/31/2022	1,147	473	398	754	N/A
9/30/2022	958	389	289	598	N/A
6/30/2022	745	303	180	442	N/A
3/31/2022	487	139	34	241	N/A
12/31/2021	229	-24	-113	41	N/A
9/30/2021	157	-42	-114	11	N/A
6/30/2021	85	-60	-116	-18	N/A
3/31/2021	74	-58	-121	-20	N/A
12/31/2020	64	-56	-126	-22	N/A
9/30/2020	71	-54	-137	-16	N/A
6/30/2020	77	-52	-147	-10	N/A
3/31/2020	99	-18	-126	-1	N/A
12/31/2019	121	16	-106	9	N/A
9/30/2019	101	35	-69	9	N/A
6/30/2019	81	55	-33	8	N/A
3/31/2019	50	36	-27	-1	N/A
12/31/2018	19	18	-20	-10	N/A
9/30/2018	18	10	-21	-12	N/A
6/30/2018	17	2	-22	-14	N/A
12/31/2017	17	5	-15	-10	N/A
9/30/2017	17	5	-12	-8	N/A
6/30/2017	17	5	-10	-6	N/A
12/31/2016	15	6	N/A	-2	N/A
9/30/2016	15	-8	N/A	-4	N/A
6/30/2016	16	-22	N/A	-6	N/A
3/31/2016	17	-22	N/A	-7	N/A
12/31/2015	20	-23	N/A	-9	N/A
9/30/2015	20	-12	N/A	-9	N/A
6/30/2015	19	-1	N/A	-8	N/A
3/31/2015	17	-1	N/A	-5	N/A
12/31/2014	18	-2	N/A	-4	N/A
9/30/2014	20	-3	N/A	-2	N/A
6/30/2014	22	-5	N/A	0	N/A
3/31/2014	21	-5	N/A	-2	N/A
12/31/2013	20	-4	N/A	-3	N/A
9/30/2013	20	89	N/A	-2	N/A
6/30/2013	16	88	N/A	-1	N/A
3/31/2013	13	101	N/A	-1	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AKE's forecast earnings growth (5% per year) is above the savings rate (2.1%).

Earnings vs Market: AKE's earnings (5% per year) are forecast to grow slower than the Australian market (8.9% per year).

High Growth Earnings: AKE's earnings are forecast to grow, but not significantly.

Revenue vs Market: AKE's revenue (12.7% per year) is forecast to grow faster than the Australian market (4.3% per year).

High Growth Revenue: AKE's revenue (12.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AKE's Return on Equity is forecast to be low in 3 years time (13.5%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/01/06 00:38
End of Day Share Price	2023/12/21 00:00
Earnings	2023/06/30
Annual Earnings	2023/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Allkem Limited is covered by 17 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Joel Jackson	BMO Capital Markets Equity Research
James Redfern	BofA Global Research
Reg Spencer	Canaccord Genuity

This company listing is no longer active

Allkem Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Consensus revenue estimates fall by 10%

Consensus EPS estimates fall by 10%

Consensus EPS estimates increase by 12%

Consensus EPS estimates increase by 10%

Price target increased to AU$16.07

Allkem Limited Revises Production Guidance for the Full Year 2023 and Provides Production Guidance for the Fiscal Year 2024

Recent updates

Allkem Limited Ordinary Shares to Be Deleted from OTC Equity

Arcadium Lithium plc (NYSE:ALTM) completed the acquisition of Allkem Limited (ASX : AKE) in a merger of equals transaction.

Allkem Limited(ASX:AKE) dropped from S&P Global BMI Index

Investor sentiment improves as stock rises 15%

Here's Why Allkem (ASX:AKE) Can Manage Its Debt Responsibly

Consensus revenue estimates fall by 10%

Is Allkem Limited (ASX:AKE) Trading At A 24% Discount?

Now 20% undervalued after recent price drop

Here's Why We Think Allkem (ASX:AKE) Is Well Worth Watching

Allkem Limited Announces A Project Update to Its Wholly Owned Cauchari Lithium Brine Project Located in Jujuy Province in Argentina

Allkem Limited Announces Update to Olaroz Lithium Brine Operation Located in Jujuy Province in Argentina

Does Allkem (ASX:AKE) Have A Healthy Balance Sheet?

Consensus EPS estimates fall by 10%

Full year 2023 earnings: EPS and revenues exceed analyst expectations

Allkem Limited Provides an Updated Mineral Resource Estimate for Its James Bay Lithium Project in Québec, Canada

Allkem Limited Provides Drilling Update for James Bay Lithium Project in Qubec, Canada

Allkem Limited Provides an Ore Reserve Update for Its Mt Cattlin Operation in Western Australia

Allkem Limited's (ASX:AKE) Intrinsic Value Is Potentially 50% Above Its Share Price

Allkem Limited Reports 34% Increase to Mt Cattlin Mineral Reserve

Allkem Limited (ASX:AKE) signed a definitive agreement to acquire Livent Corporation (NYSE:LTHM) in a merger of equals transaction for $3.7 billion.

Investor sentiment improves as stock rises 25%

Allkem Limited Provides an Update on the Exploration and Resource Definition Drilling Program At Its James Bay Project in Qubec, Canada

Investor sentiment improves as stock rises 20%

Allkem (ASX:AKE) Has A Pretty Healthy Balance Sheet

Independent Non-Executive Director recently bought AU$213k worth of stock

Investor sentiment deteriorates as stock falls 17%

Chair recently bought AU$198k worth of stock

First half 2023 earnings released

Allkem Limited Announces Chief Financial Officer Changes

Allkem Limited to Report First Half, 2023 Results on Feb 24, 2023

Allkem Limited (ASX:AKE) acquired María Victoria Lithium Tenement from Minera Santa Rita S.R.L.

Minera Santa Rita S.R.L. completed the acquisition of Borax Argentina S.A. from Allkem Limited (ASX:AKE).

Allkem Limited to Report Q1, 2024 Results on Oct 26, 2023

These 4 Measures Indicate That Allkem (ASX:AKE) Is Using Debt Reasonably Well

Key Executive recently bought AU$251k worth of stock

Allkem Limited Announces Retirement of Mr. Martin Rowley as Chair and Director

High number of new directors

Allkem Limited and Toyota Tsusho Corporation Produces First Lithium Hydroxide at Naraha

High number of new directors

Allkem Limited Provides an Update on the Resource Extension Drilling Program Currently Underway At Its Mt Cattlin Spodumene Operation in Western Australia

Allkem Limited Announces Retirement of Deputy Chair, Rob Hubbard

Allkem Limited Announces Board Changes

Consensus EPS estimates increase by 12%

Consensus EPS estimates increase by 10%

Investor sentiment improved over the past week

Non-Executive Director recently sold AU$21m worth of stock

Price target increased to AU$16.07

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Allkem Limited Revises Production Guidance for the Full Year 2023 and Provides Production Guidance for the Fiscal Year 2024

Minera Santa Rita S.R.L. entered into a binding and conditional Heads of Agreement to acquire Borax Argentina S.A. from Allkem Limited (ASX:AKE).

Allkem Limited to Report Fiscal Year 2022 Results on Aug 25, 2022

Allkem Limited Announces Executive Appointments

Allkem Limited Provides Production Guidance for the Full Year 2023

Allkem Limited to Report Q4, 2022 Results on Jul 20, 2022

Allkem Limited to Commence Three-Phase Resource Extension Drilling Program and Announces Resource Update

Allkem Limited Announces Management Appointments

Price target increased to AU$15.05

Allkem Limited Advises an Update to its Wholly Owned Sal de Vida Project Located in Catamarca Province in Argentina

Allkem Limited to Report Q3, 2022 Results on Apr 14, 2022

Is Allkem (ASX:AKE) Using Too Much Debt?

First half 2022 earnings: Revenues miss analyst expectations

Estimating The Fair Value Of Allkem Limited (ASX:AKE)

Allkem Limited to Report First Half, 2022 Results on Feb 28, 2022

Price target increased to AU$11.39

Does Allkem (ASX:AKE) Have A Healthy Balance Sheet?

Allkem Limited Advises the Release of the Feasibility Study and Maiden Ore Reserve for Its Wholly Owned James Bay Lithium Project

Here's Why Orocobre Limited's (ASX:ORE) CEO Compensation Is The Least Of Shareholders' Concerns

MD, CEO & Director recently sold AU$460k worth of stock