Core Lithium Ltd

ASX:CXO Stock Report

Market Cap: AU$947.8m

Core Lithium Future Growth

Future criteria checks 5/6

Core Lithium is forecast to grow earnings and revenue by 43.9% and 67.1% per annum respectively. EPS is expected to grow by 39.5% per annum. Return on equity is forecast to be 6% in 3 years.

Key information

43.9%

Earnings growth rate

39.46%

EPS growth rate

Metals and Mining earnings growth14.6%
Revenue growth rate67.1%
Future return on equity6.00%
Analyst coverage

Low

Last updated22 Apr 2026

Recent future growth updates

Recent updates

Narrative Update May 03

CXO: Higher P/E And Tighter Margins Will Shape Restart Execution Outcomes

Analysts have adjusted their price target on Core Lithium to reflect a higher implied future P/E of about 36.8x and a lower projected profit margin of around 11.8%, indicating a more cautious earnings outlook, while their fair value estimate of A$0.31 per share remains unchanged. Analyst Commentary Recent research on Core Lithium points to a mixed but informative set of views that can help you think about the current valuation and execution risks.
Narrative Update Apr 18

CXO: Future Restart Progress And Execution Risks Will Constrain Returns

The Core Lithium analyst price target has shifted to A$0.31 from A$0.29. Analysts point to updated assumptions on long term revenue growth, profit margins, a slightly higher discount rate, and a lower future P/E multiple as the key drivers of the change.
Narrative Update Apr 03

CXO: Future Project Delivery And Restart Progress Will Support Returns

Analysts have held their Core Lithium fair value estimate steady at A$0.29 per share, with only marginal model tweaks to the discount rate and future P/E assumptions. This reflects a view that the stock's current setup still offers a similar balance of risk and potential reward as before.
Narrative Update Mar 20

CXO: Lower Risk Assumptions And Higher P/E Will Support Future Returns

Analysts have lifted the Core Lithium fair value estimate from A$0.26 to about A$0.29, reflecting updated assumptions on discount rates, forecasts of significant revenue growth, tighter profit margins and a higher future P/E multiple. Analyst Commentary Recent valuation work on Core Lithium sits against a backdrop of busy research activity in other materials names, where analysts have been actively adjusting ratings and price targets in response to share price moves and changing risk assessments.
Narrative Update Mar 05

CXO: Higher Discount Rate And Margin Assumptions Will Shape Future Earnings Profile

Narrative Update on Core Lithium Analysts have lifted their fair value estimate for Core Lithium from about A$0.09 to A$0.26, citing updated assumptions around a higher projected revenue growth rate, a slightly higher discount rate, a stronger profit margin outlook, and a modestly higher future P/E multiple. Analyst Commentary Recent Street research on building materials groups such as Cemex highlights how quickly sentiment can swing when forecasts, price targets, or ratings move, and that is a useful reference point for anyone looking at Core Lithium.
Narrative Update Sep 02

BP33, Shoobridge And Blackbeard Drilling Will Improve Lithium Extraction

Core Lithium’s fair value estimate has declined, as a significant drop in its future P/E multiple more than offsets a modest improvement in expected profit margins, leading consensus analyst price targets down from A$0.108 to A$0.093. What's in the News Core Lithium completed a follow-on equity offering, raising AUD 50 million by issuing 476,190,476 ordinary shares at AUD 0.105 per share with a small discount, including a subsequent direct listing.
Analysis Article Jun 26

Industry Analysts Just Made A Substantial Upgrade To Their Core Lithium Ltd (ASX:CXO) Revenue Forecasts

Celebrations may be in order for Core Lithium Ltd ( ASX:CXO ) shareholders, with the analysts delivering a significant...
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New Narrative Apr 04

BP33, Shoobridge And Blackbeard Drilling Will Improve Lithium Extraction

Optimizing BP33 and enhancing processing efficiencies may boost future revenue and earnings through improved recoveries and reduced operating costs.
Analysis Article Jan 24

These Analysts Just Made An Incredible Downgrade To Their Core Lithium Ltd (ASX:CXO) EPS Forecasts

Today is shaping up negative for Core Lithium Ltd ( ASX:CXO ) shareholders, with the analysts delivering a substantial...
Analysis Article Jan 21

Core Lithium Ltd's (ASX:CXO) Share Price Boosted 28% But Its Business Prospects Need A Lift Too

Those holding Core Lithium Ltd ( ASX:CXO ) shares would be relieved that the share price has rebounded 28% in the last...
Analysis Article Sep 30

Core Lithium Ltd (ASX:CXO) Surges 38% Yet Its Low P/S Is No Reason For Excitement

Despite an already strong run, Core Lithium Ltd ( ASX:CXO ) shares have been powering on, with a gain of 38% in the...
Analysis Article Aug 08

Will Core Lithium (ASX:CXO) Spend Its Cash Wisely?

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...
Analysis Article Jun 30

Calculating The Fair Value Of Core Lithium Ltd (ASX:CXO)

Key Insights The projected fair value for Core Lithium is AU$0.092 based on 2 Stage Free Cash Flow to Equity Core...
Analysis Article Mar 02

Returns Are Gaining Momentum At Core Lithium (ASX:CXO)

If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
Analysis Article Jan 25

Need To Know: Analysts Just Made A Substantial Cut To Their Core Lithium Ltd (ASX:CXO) Estimates

The latest analyst coverage could presage a bad day for Core Lithium Ltd ( ASX:CXO ), with the analysts making...
Analysis Article Oct 06

New Forecasts: Here's What Analysts Think The Future Holds For Core Lithium Ltd (ASX:CXO)

Core Lithium Ltd ( ASX:CXO ) shareholders will have a reason to smile today, with the analysts making substantial...
Analysis Article Oct 05

Why Core Lithium's (ASX:CXO) Healthy Earnings Aren’t As Good As They Seem

Following the release of a positive earnings report recently, Core Lithium Ltd's ( ASX:CXO ) stock performed well...
Analysis Article Sep 20

Is Core Lithium (ASX:CXO) In A Good Position To Invest In Growth?

Just because a business does not make any money, does not mean that the stock will go down. For example, although...
Analysis Article Jun 12

Calculating The Fair Value Of Core Lithium Ltd (ASX:CXO)

Key Insights The projected fair value for Core Lithium is AU$0.93 based on 2 Stage Free Cash Flow to Equity Core...
Analysis Article Feb 24

An Intrinsic Calculation For Core Lithium Ltd (ASX:CXO) Suggests It's 34% Undervalued

Key Insights Core Lithium's estimated fair value is AU$1.40 based on 2 Stage Free Cash Flow to Equity Core Lithium's...

Earnings and Revenue Growth Forecasts

ASX:CXO - Analysts future estimates and past financials data (AUD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
6/30/20283033630452
6/30/20271751551561642
6/30/202613-25-84-362
12/31/2025-2-25-54-34N/A
9/30/2025-2-24-59-39N/A
6/30/2025-2-23-63-44N/A
3/31/202527-40-67-49N/A
12/31/202455-57-71-53N/A
9/30/2024122-132-118-66N/A
6/30/2024189-207-165-78N/A
3/31/2024187-177-132-15N/A
12/31/2023185-148-9848N/A
9/30/2023118-68-8670N/A
6/30/20235111-7491N/A
3/31/202325-1-11238N/A
12/31/2022N/A-13-150-14N/A
9/30/2022N/A-10-113-10N/A
6/30/2022N/A-7-75-6N/A
3/31/2022N/A-6-56-6N/A
12/31/2021N/A-5-37-5N/A
9/30/2021N/A-4-24-4N/A
6/30/2021N/A-3-10-2N/A
3/31/2021N/A-3-9-2N/A
12/31/2020N/A-4-8-2N/A
9/30/2020N/A-4-5-2N/A
6/30/2020N/A-4-1-2N/A
3/31/2020N/A-4-3-3N/A
12/31/2019N/A-3-4-3N/A
9/30/2019N/A-3N/A-2N/A
6/30/2019N/A-2N/A-2N/A
3/31/2019N/A-2N/A-2N/A
12/31/2018N/A-2N/A-1N/A
9/30/2018N/A-2N/A-1N/A
6/30/2018N/A-2N/A-1N/A
3/31/2018N/A-2N/A-1N/A
12/31/2017N/A-2N/A-1N/A
9/30/2017N/A-2N/A-1N/A
6/30/2017N/A-2N/A-1N/A
3/31/2017N/A-2N/A-1N/A
12/31/2016N/A-2N/A-1N/A
9/30/20160-2N/A-1N/A
6/30/20160-2N/A0N/A
3/31/20160-2N/A0N/A
12/31/20150-2N/A0N/A
9/30/20150-2N/A0N/A
6/30/20150-1N/A0N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CXO is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.6%).

Earnings vs Market: CXO is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CXO is expected to become profitable in the next 3 years.

Revenue vs Market: CXO's revenue (67.1% per year) is forecast to grow faster than the Australian market (6.3% per year).

High Growth Revenue: CXO's revenue (67.1% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CXO's Return on Equity is forecast to be low in 3 years time (6%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/16 09:56
End of Day Share Price 2026/05/15 00:00
Earnings2025/12/31
Annual Earnings2025/06/30

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Core Lithium Ltd is covered by 17 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Dale KoendersBarrenjoey Markets Pty Limited
Taylor GuyotBarrenjoey Markets Pty Limited
Richard KnightsBarrenjoey Markets Pty Limited