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LIT

Lithium AustraliaASX:LIT Stock Report

Last Price

AU$0.13

Market Cap

AU$128.6m

7D

8.3%

1Y

-3.7%

Updated

17 Jan, 2022

Data

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

LIT Stock Overview

Lithium Australia NL primarily engages in the acquisition, exploration, and development of lithium properties.

Lithium Australia Competitors

Pilbara Minerals

ASX:PLS

AU$11.1b

IGO

ASX:IGO

AU$9.6b

Allkem

ASX:AKE

AU$7.3b

Liontown Resources

ASX:LTR

AU$3.7b

Price History & Performance

Summary of all time highs, changes and price drops for Lithium Australia
Historical stock prices
Current Share PriceAU$0.13
52 Week HighAU$0.21
52 Week LowAU$0.099
Beta1.24
1 Month Change23.81%
3 Month Change4.00%
1 Year Change-3.70%
3 Year Change47.73%
5 Year Change-35.00%
Change since IPO-69.77%

Recent News & Updates

Shareholder Returns

LITAU Metals and MiningAU Market
7D8.3%5.5%-0.5%
1Y-3.7%9.0%10.4%

Return vs Industry: LIT underperformed the Australian Metals and Mining industry which returned 9% over the past year.

Return vs Market: LIT underperformed the Australian Market which returned 10.4% over the past year.

Price Volatility

Is LIT's price volatile compared to industry and market?
LIT volatility
LIT Average Weekly Movement9.0%
Metals and Mining Industry Average Movement10.7%
Market Average Movement8.4%
10% most volatile stocks in AU Market15.2%
10% least volatile stocks in AU Market3.6%

Stable Share Price: LIT is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: LIT's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007n/aAdrian Griffinhttps://lithium-au.com

Lithium Australia NL primarily engages in the acquisition, exploration, and development of lithium properties. It operates through Tenement Exploration and Evaluation; and Processing Technology segments. The company holds interests in various projects located in Western Australia, Queensland, Northern Territory, and South Australia in Australia; Canada; and Germany.

Lithium Australia Fundamentals Summary

How do Lithium Australia's earnings and revenue compare to its market cap?
LIT fundamental statistics
Market CapAU$128.57m
Earnings (TTM)-AU$19.86m
Revenue (TTM)AU$1.18m

114.0x

P/S Ratio

-6.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LIT income statement (TTM)
RevenueAU$1.18m
Cost of RevenueAU$1.87m
Gross Profit-AU$693.71k
ExpensesAU$19.16m
Earnings-AU$19.86m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.019
Gross Margin-59.00%
Net Profit Margin-1,688.83%
Debt/Equity Ratio0%

How did LIT perform over the long term?

See historical performance and comparison

Valuation

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

5.35x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

PE vs Market: LIT 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 LIT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LIT is overvalued based on its PB Ratio (5.4x) compared to the AU Metals and Mining industry average (2.8x).


Future Growth

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

1.4%

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 Lithium Australia 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 Lithium Australia performed over the past 5 years?

-34.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LIT is currently unprofitable.

Growing Profit Margin: LIT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LIT is unprofitable, and losses have increased over the past 5 years at a rate of 34.2% per year.

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

Earnings vs Industry: LIT 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: LIT has a negative Return on Equity (-88.29%), as it is currently unprofitable.


Financial Health

How is Lithium Australia's financial position?


Financial Position Analysis

Short Term Liabilities: LIT's short term assets (A$13.4M) exceed its short term liabilities (A$8.6M).

Long Term Liabilities: LIT's short term assets (A$13.4M) exceed its long term liabilities (A$397.7K).


Debt to Equity History and Analysis

Debt Level: LIT is debt free.

Reducing Debt: LIT had no debt 5 years ago.


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: LIT has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: LIT has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 12.9% each year.


Dividend

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


Dividend Yield vs Market

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

High Dividend: Unable to evaluate LIT'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 LIT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LIT'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 LIT'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?

6.4yrs

Average management tenure


CEO

Adrian Griffin (68 yo)

11yrs

Tenure

AU$1,210,740

Compensation

Mr. Adrian Christopher Griffin, BSc (Hons) MAusIMM, MGSA, TMS, has been the Managing Director and Executive Director of Lithium Australia NL (formerly, Midwinter Resources NL) since February 1, 2011. Mr. G...


CEO Compensation Analysis

Compensation vs Market: Adrian's total compensation ($USD874.75K) is above average for companies of similar size in the Australian market ($USD291.63K).

Compensation vs Earnings: Adrian's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: LIT's management team is seasoned and experienced (6.4 years average tenure).


Board Members

Experienced Board: LIT's board of directors are considered experienced (3.8 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: LIT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.8%.


Top Shareholders

Company Information

Lithium Australia NL's employee growth, exchange listings and data sources


Key Information

  • Name: Lithium Australia NL
  • Ticker: LIT
  • Exchange: ASX
  • Founded: 2007
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Implied Market Cap: AU$128.572m
  • Shares outstanding: 1.03b
  • Website: https://lithium-au.com

Location

  • Lithium Australia NL
  • 677 Murray Street
  • Level 1
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 07:02
End of Day Share Price2022/01/17 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.