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CXO

Core LithiumASX:CXO Stock Report

Market Cap

AU$941.6m

7D

-8.7%

1Y

1,150.0%

Updated

26 Oct, 2021

Data

Company Financials
CXO fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance0/6
Financial Health6/6
Dividends0/6

CXO Overview

Core Lithium Ltd engages in the exploration and development of lithium and various metal deposits in Northern Territory and South Australia.

Core Lithium Competitors

IGO

ASX:IGO

AU$7.4b

Pilbara Minerals

ASX:PLS

AU$6.2b

Orocobre

ASX:ORE

AU$5.9b

Liontown Resources

ASX:LTR

AU$3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Core Lithium
Historical stock prices
Current Share PriceAU$0.57
52 Week HighAU$0.044
52 Week LowAU$0.66
Beta1.82
1 Month Change38.55%
3 Month Change116.98%
1 Year Change1,150.00%
3 Year Change1,123.40%
5 Year Change584.52%
Change since IPO173.81%

Recent News & Updates

Jul 22
We're Keeping An Eye On Core Lithium's (ASX:CXO) Cash Burn Rate

We're Keeping An Eye On Core Lithium's (ASX:CXO) Cash Burn Rate

We can readily understand why investors are attracted to unprofitable companies. Indeed, Core Lithium ( ASX:CXO ) stock...

Shareholder Returns

CXOAU Metals and MiningAU Market
7D-8.7%-0.4%0.8%
1Y1,150.0%15.6%24.4%

Return vs Industry: CXO exceeded the Australian Metals and Mining industry which returned 15.6% over the past year.

Return vs Market: CXO exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is CXO's price volatile compared to industry and market?
CXO volatility
CXO Beta1.82
Industry Beta0.97
Market Beta1

Stable Share Price: CXO is more volatile than 90% of Australian stocks over the past 3 months, typically moving +/- 16% a week.

Volatility Over Time: CXO's weekly volatility (16%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
2010n/aStephen Bigginshttps://www.corelithium.com.au

Core Lithium Ltd engages in the exploration and development of lithium and various metal deposits in Northern Territory and South Australia. The company primarily explores for copper, gold, iron, silver, uranium, lead, and zinc deposits. Its flagship project is the Finniss Lithium project located to the south of Darwin port in the Northern Territory.

Core Lithium Fundamentals Summary

How do Core Lithium's earnings and revenue compare to its market cap?
CXO fundamental statistics
Market CapAU$941.61m
Earnings (TTM)-AU$2.91m
Revenue (TTM)n/a

0x

P/S Ratio

-326.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CXO income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.91m
Earnings-AU$2.91m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0018
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0%

How did CXO perform over the long term?

See historical performance and comparison

Valuation

Is Core Lithium undervalued compared to its fair value and its price relative to the market?

13.32x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate CXO's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate CXO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CXO is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: CXO is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CXO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CXO is overvalued based on its PB Ratio (13.3x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Core Lithium forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-0.5%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Core Lithium has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Core Lithium performed over the past 5 years?

-15.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CXO is currently unprofitable.

Growing Profit Margin: CXO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CXO is unprofitable, and losses have increased over the past 5 years at a rate of 15.8% per year.

Accelerating Growth: Unable to compare CXO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CXO is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: CXO has a negative Return on Equity (-4.08%), as it is currently unprofitable.


Financial Health

How is Core Lithium's financial position?


Financial Position Analysis

Short Term Liabilities: CXO's short term assets (A$38.4M) exceed its short term liabilities (A$1.8M).

Long Term Liabilities: CXO's short term assets (A$38.4M) exceed its long term liabilities (A$110.0K).


Debt to Equity History and Analysis

Debt Level: CXO is debt free.

Reducing Debt: CXO has not had any debt for past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CXO has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: CXO has sufficient cash runway for 2.9 years if free cash flow continues to reduce at historical rates of 18.4% each year.


Dividend

What is Core Lithium current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate CXO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate CXO's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if CXO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CXO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CXO's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.2yrs

Average management tenure


CEO

Stephen Biggins (52 yo)

11.08yrs

Tenure

AU$361,180

Compensation

Mr. Stephen Richard Biggins, B.Sc (Hons), MBA, MAusiMM, M ASEG, has been the Managing Director of Core Lithium Ltd (formerly known as Core Exploration Limited) since September 10, 2010. Mr. Biggins served...


CEO Compensation Analysis

Compensation vs Market: Stephen's total compensation ($USD270.75K) is below average for companies of similar size in the Australian market ($USD991.03K).

Compensation vs Earnings: Stephen's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: CXO's management team is considered experienced (4.2 years average tenure).


Board Members

Experienced Board: CXO's board of directors are considered experienced (9.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 66.1%.


Top Shareholders

Company Information

Core Lithium Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: Core Lithium Ltd
  • Ticker: CXO
  • Exchange: ASX
  • Founded: 2010
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$941.612m
  • Shares outstanding: 1.65b
  • Website: https://www.corelithium.com.au

Location

  • Core Lithium Ltd
  • 366 King William Street
  • Level 1
  • Adelaide
  • South Australia
  • 5000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/26 07:01
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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 here.