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Lithium Australia

ASX:LIT
Snowflake Description

Mediocre balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
LIT
ASX
A$39M
Market Cap
  1. Home
  2. AU
  3. Materials
Company description

Lithium Australia NL engages in the acquisition, exploration, and development of mineral properties. The last earnings update was 4 days ago. More info.


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LIT Share Price and Events
7 Day Returns
-2.4%
ASX:LIT
1.3%
AU Metals and Mining
0.3%
AU Market
1 Year Returns
-50.3%
ASX:LIT
13.7%
AU Metals and Mining
2.2%
AU Market
LIT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Lithium Australia (LIT) -2.4% 0% -13.7% -50.3% -43.4% 64%
AU Metals and Mining 1.3% 1.2% 13.3% 13.7% 88% 9.4%
AU Market 0.3% 1.7% 10.1% 2.2% 18.5% 5.5%
1 Year Return vs Industry and Market
  • LIT underperformed the Metals and Mining industry which returned 13.7% over the past year.
  • LIT underperformed the Market in Australia which returned 2.2% over the past year.
Price Volatility
LIT
Industry
5yr Volatility vs Market

Value

 Is Lithium Australia undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Lithium Australia. This is due to cash flow or dividend data being unavailable. The share price is A$0.082.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Lithium Australia's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Lithium Australia's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
ASX:LIT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in AUD A$-0.03
ASX:LIT Share Price ** ASX (2019-03-19) in AUD A$0.08
Australia Metals and Mining Industry PE Ratio Median Figure of 82 Publicly-Listed Metals and Mining Companies 12.84x
Australia Market PE Ratio Median Figure of 543 Publicly-Listed Companies 16.33x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Lithium Australia.

ASX:LIT PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= ASX:LIT Share Price ÷ EPS (both in AUD)

= 0.08 ÷ -0.03

-2.98x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lithium Australia is loss making, we can't compare its value to the AU Metals and Mining industry average.
  • Lithium Australia is loss making, we can't compare the value of its earnings to the Australia market.
Price based on expected Growth
Does Lithium Australia's expected growth come at a high price?
Raw Data
ASX:LIT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -2.98x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Australia Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.7x
Australia Market PEG Ratio Median Figure of 362 Publicly-Listed Companies 1.37x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Lithium Australia, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Lithium Australia's assets?
Raw Data
ASX:LIT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in AUD A$0.07
ASX:LIT Share Price * ASX (2019-03-19) in AUD A$0.08
Australia Metals and Mining Industry PB Ratio Median Figure of 584 Publicly-Listed Metals and Mining Companies 1.56x
Australia Market PB Ratio Median Figure of 1,670 Publicly-Listed Companies 1.67x
ASX:LIT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= ASX:LIT Share Price ÷ Book Value per Share (both in AUD)

= 0.08 ÷ 0.07

1.17x

* Primary Listing of Lithium Australia.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Lithium Australia is good value based on assets compared to the AU Metals and Mining industry average.
X
Value checks
We assess Lithium Australia's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Lithium Australia has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

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 Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-0.6%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Lithium Australia expected to grow at an attractive rate?
  • Unable to compare Lithium Australia's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Lithium Australia's earnings growth to the Australia market average as no estimate data is available.
  • Unable to compare Lithium Australia's revenue growth to the Australia market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
ASX:LIT Future Growth Rates Data Sources
Data Point Source Value (per year)
Australia Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average -0.6%
Australia Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average -0%
Australia Market Earnings Growth Rate Market Cap Weighted Average 6.4%
Australia Market Revenue Growth Rate Market Cap Weighted Average 3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
ASX:LIT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in AUD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
ASX:LIT Past Financials Data
Date (Data in AUD Millions) Revenue Cash Flow Net Income *
2018-12-31 0 -7 -12
2018-09-30 0 -5 -10
2018-06-30 0 -3 -8
2018-03-31 0 -3 -6
2017-12-31 0 -3 -4
2017-09-30 0 -3 -4
2017-06-30 0 -4 -5
2017-03-31 0 -4 -4
2016-12-31 0 -4 -3
2016-09-30 0 -3 -2
2016-06-30 0 -3 -2
2016-03-31 0 -2 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Lithium Australia is high growth as no earnings estimate data is available.
  • Unable to determine if Lithium Australia is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
ASX:LIT Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Lithium Australia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:LIT Past Financials Data
Date (Data in AUD Millions) EPS *
2018-12-31 -0.03
2018-09-30 -0.03
2018-06-30 -0.02
2018-03-31 -0.02
2017-12-31 -0.01
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.01
2016-12-31 -0.01
2016-09-30 -0.01
2016-06-30 -0.01
2016-03-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Lithium Australia will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of LIT’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Lithium Australia's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Lithium Australia's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Lithium Australia's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Australia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Australia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Lithium Australia has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Lithium Australia performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Lithium Australia's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Lithium Australia does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Lithium Australia's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Lithium Australia's 1-year growth to the AU Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Lithium Australia's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Lithium Australia Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

ASX:LIT Past Revenue, Cash Flow and Net Income Data
Date (Data in AUD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 0.28 -11.60 8.70 0.18
2018-09-30 0.22 -9.84 8.41 0.12
2018-06-30 0.17 -8.09 8.11 0.06
2018-03-31 0.26 -6.00 7.35 0.03
2017-12-31 0.35 -3.91 6.62
2017-09-30 0.34 -4.25 5.79
2017-06-30 0.32 -4.59 4.97
2017-03-31 0.18 -3.58 4.42
2016-12-31 0.05 -2.57 3.86
2016-09-30 0.04 -2.17 3.60
2016-06-30 0.03 -1.77 3.33
2016-03-31 0.02 -2.30 2.85
2015-12-31 0.01 -2.83 2.37
2015-09-30 0.01 -2.21 1.80
2015-06-30 0.00 -1.59 1.22
2015-03-31 0.00 -1.90 1.74
2014-12-31 0.00 -2.20 2.26
2014-09-30 0.00 -2.38 2.45
2014-06-30 0.01 -2.55 2.64
2014-03-31 0.02 -2.33 2.29
2013-12-31 0.03 -2.12 1.94
2013-09-30 0.04 -1.91 1.69
2013-06-30 0.06 -1.71 1.45
2013-03-31 0.06 -1.65 1.16
2012-12-31 0.07 -1.59 0.87
2012-09-30 0.07 -1.78 0.98
2012-06-30 0.08 -1.98 1.08
2012-03-31 0.10 -2.01 1.06

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Lithium Australia has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Lithium Australia has efficiently used its assets last year compared to the AU Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Lithium Australia improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Lithium Australia's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Lithium Australia has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Lithium Australia's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Lithium Australia's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Lithium Australia is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Lithium Australia has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Lithium Australia's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Lithium Australia Company Filings, last reported 2 months ago.

ASX:LIT Past Debt and Equity Data
Date (Data in AUD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 32.42 4.32 11.05
2018-09-30 32.42 4.32 11.05
2018-06-30 34.84 3.41 18.43
2018-03-31 34.84 3.41 18.43
2017-12-31 26.00 0.00 15.67
2017-09-30 26.00 0.00 15.67
2017-06-30 15.13 0.00 2.59
2017-03-31 15.13 0.00 2.59
2016-12-31 11.78 0.00 6.08
2016-09-30 11.78 0.00 6.08
2016-06-30 10.05 0.00 9.14
2016-03-31 10.05 0.00 9.14
2015-12-31 0.83 0.00 1.00
2015-09-30 0.83 0.00 1.00
2015-06-30 0.56 0.00 0.85
2015-03-31 0.56 0.00 0.85
2014-12-31 0.28 0.00 0.85
2014-09-30 0.28 0.00 0.85
2014-06-30 0.02 0.00 0.33
2014-03-31 0.02 0.00 0.33
2013-12-31 0.86 0.00 0.21
2013-09-30 0.86 0.00 0.21
2013-06-30 0.78 0.00 0.89
2013-03-31 0.78 0.00 0.89
2012-12-31 2.14 0.00 1.46
2012-09-30 2.14 0.00 1.46
2012-06-30 1.86 0.00 1.88
2012-03-31 1.86 0.00 1.88
  • Lithium Australia's level of debt (13.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (0% vs 13.3% today).
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.

  • Lithium Australia has less than a year of cash runway based on current free cash flow.
  • Lithium Australia has less than a year of cash runway if free cash flow continues to grow at historical rates of 40.8% each year.
X
Financial health checks
We assess Lithium Australia's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Lithium Australia has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Lithium Australia dividends.
If you bought A$2,000 of Lithium Australia shares you are expected to receive A$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Lithium Australia's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Lithium Australia's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
ASX:LIT Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Australia Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 3.8%
Australia Market Average Dividend Yield Market Cap Weighted Average of 418 Stocks 4.4%
Australia Minimum Threshold Dividend Yield 10th Percentile 1.6%
Australia Bottom 25% Dividend Yield 25th Percentile 2.6%
Australia Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Lithium Australia has not reported any payouts.
  • Unable to verify if Lithium Australia's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Lithium Australia's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Lithium Australia has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Lithium Australia's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.6%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Lithium Australia afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Lithium Australia has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Lithium Australia's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adrian Griffin
COMPENSATION A$704,739
AGE 65
TENURE AS CEO 8.2 years
CEO Bio

Mr. Adrian Christopher Griffin, BSc (Hons), MAusIMM, M GSA, has been the Managing Director and Executive Director of Lithium Australia NL (formerly, Midwinter Resources NL) since February 1, 2011. Mr. Griffin has been the Chief Executive Officer of Dwyka Diamonds Limited since December 1, 2005. He is a Consultant of Astro Resources NL. He served as a Technical Advisor - Processing at MetalsTech Limited until May 25, 2017. He served as Consultant of Ferrum Crescent Limited since September 2010. He served as the Group Commercial Contract & Risk Officer of Kentz Corporation Ltd and served as its Group Manager of Contract, Commercial and Risk. He joined Kentz in 1991. His experience includes commercial and contract management roles on major projects in the oil and gas, mining and minerals, pulp and paper, power generation and infrastructure sectors. He served as Technical Director of Europa Metals Limited (also known as, Ferrum Crescent Limited) from January 11, 2010 to September 1, 2010. He served as the Managing Director of Washington Resources Ltd. until December 2008. He served as Consultant of Nyota Minerals Ltd. He served as Consultant of Pacific Niugini Ltd. since May 25, 2003 and Washington Resources Ltd. since December 2008. He served as Managing Director of Hodges Resources Ltd. from August 17, 2005 to December 15, 2007. He served as Chief Executive Officer of Nyota Minerals Ltd. from December 1, 2005 to April 23, 2007 and also served as its Technical Director since April 23, 2007. He served as Managing Director of Pacific Niugini Ltd. since August 1994. Since 1980, Mr. Griffin served as an Operations Manager with a number of public companies involved in the mining and production of gold and base metals in Australian and south-east Asia. In 1988, he managed the commissioning of underground production at Bellevue Gold Mine. He is an exploration and Mining Geologist with over 30 years experience in the Mining Industry and has been involved in exploration and production of iron ore, base metals and gold. He began consulting to the mining industry in 1990. Has extensive mining and exploration experience including mine planning, grade control and exploration methods in iron ore gained whilst with BHP and 20 years experience managing public companies. He has been the Chairman of the Board atPotash West NL since November 12, 2010. He served as the Chairman of Ferrum Crescent Ltd. Mr. Griffin served as Chairman of Empire Resources Limited (Australia) from February 3, 2004 to December 2009. He served as the Chairman of Washington Resources Limited until September 2008. He served as the Chairman of Pacific Niugini Ltd. until May 28, 2003. He has been executive director of Dwyka Resources Limited since December 1, 2005. He began his professional career by exploring for base metals in Tasmania. He went on to develop mine-planning, grade contract and exploration methods in iron ore for BHP. He is experienced in the lateritic nickel industry in Western Australia and the hydrometallurgical extraction processes for PGE oxides, silicates and sulphides. Mr. Griffin has been a Non-Executive Director of Northern Minerals Limited since June 22, 2006. He serves as a Non-executive Director of White Gold Mining Ltd., and Metal Sands Pty Ltd. He serves as Director of Potash West NL. He has been an Independent Non-Executive Director at Reedy Lagoon Corporation Limited since June 30, 2014. He serves as a Founding Director of GFR Industries. He served as a Non-Executive Director of Empire Resources Limited (Australia) from February 3, 2004 to January 8, 2010. He served as an Executive Director of Hodges Resources Limited from December 15, 2007 to December 2008. He served as Director of Washington Resources Limited from September 7, 2004 to December 2008 and of Reedy Lagoon Corporation Limited from May 9, 2007 to November 27, 2009. He served as Director of Preston Resources Limited until 2003. He served as a Director of Ferrum Crescent Limited from January 11, 2009 to September 1, 2010. He served as Director of Pacific Niugini Ltd. since August 1994. He served as Non Executive Director of Nyota Minerals Limited from December 1, 2005 to December 2007. He serves as a Member of the Australasian Institute on Mining and Metallurgy and the Geological Society of Australia. Mr. Griffin graduated from University of Melbourne in 1975 with majors in Geology and Metallurgy.

CEO Compensation
  • Adrian's compensation has increased whilst company is loss making.
  • Adrian's remuneration is higher than average for companies of similar size in Australia.
Management Team

Adrian Griffin

TITLE
MD & Director
COMPENSATION
A$705K
AGE
65
TENURE
8.2 yrs

Barry Woodhouse

TITLE
CFO & Company Secretary
COMPENSATION
A$305K
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Lithium Australia board of directors in years:

8.2
Average Tenure
48
Average Age
  • The tenure for the Lithium Australia board of directors is about average.
Board of Directors

George Bauk

TITLE
Non-Executive Chairman
COMPENSATION
A$208K
AGE
48
TENURE
3.7 yrs

Adrian Griffin

TITLE
MD & Director
COMPENSATION
A$705K
AGE
65
TENURE
8.2 yrs

Bryan Garrie Dixon

TITLE
Non-Executive Director
COMPENSATION
A$185K
AGE
46
TENURE
9.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (A$) Value (A$)
X
Management checks
We assess Lithium Australia's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Lithium Australia has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

How Much Of Lithium Australia NL (ASX:LIT) Do Insiders Own?

I generally like to see some degree of insider ownership, even if only a little. … Lithium Australia is a smaller company with a market capitalization of AU$38m, so it may still be flying under the radar of many institutional investors. … Taking a look at our data on the ownership groups (below), it's seems that.

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Does Lithium Australia NL's (ASX:LIT) CEO Pay Reflect Performance?

This report will, first, examine the CEO compensation levels in comparison to CEO compensation at companies of similar size. … How Does Adrian Griffin's Compensation Compare With Similar Sized Companies. … At the time of writing our data says that Lithium Australia NL has a market cap of AU$42m, and is paying total annual CEO compensation of AU$705k.

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What Kind Of Shareholders Own Lithium Australia NL (ASX:LIT)?

A look at the shareholders of Lithium Australia NL (ASX:LIT) can tell us which group is most powerful. … Lithium Australia is not a large company by global standards. … Taking a look at the our data on the ownership groups (below), it's seems that.

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Are Lithium Australia NL's (ASX:LIT) Interest Costs Too High?

Lithium Australia NL (ASX:LIT), which has zero-debt on its balance sheet, can maximize capital returns by increasing debt due to its lower cost of capital. … Is LIT right in choosing financial flexibility over lower cost of capital … Debt capital generally has lower cost of capital compared to equity funding.

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Why Lithium Australia NL's (ASX:LIT) CEO Salary Matters To You

See our latest analysis for Lithium Australia What has LIT's performance been like? … Normally I would look at market cap and earnings as a proxy for performance, however, LIT's negative earnings reduces the usefulness of my formula. … If you have not done so already, I highly recommend you to complete your research by taking a look at the following: Governance: To find out more about LIT's governance, look through our infographic report of the company's board and management.

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What You Must Know About Lithium Australia NL's (ASX:LIT) Major Investors

In this article, I'm going to take a look at Lithium Australia NL’s (ASX:LIT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … LIT insiders are also influential stakeholders with 5.61% ownership in the company. … Thus, investors should dig deeper into LIT's business relations with these companies and how it can affect shareholder returns in the long-term.Next Steps: Institutional ownership in LIT is not at a level that would concern investors.

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Should You Be Holding Lithium Australia NL (ASX:LIT) Right Now?

A popular measure of market risk for a stock is its beta, and the market as a whole represents a beta value of one. … Lithium Australia’s five-year beta of 2.32 means that the company’s value will swing up by more than the market during prosperous times, but also drop down by more in times of downturns. … Therefore, this is a type of risk which is associated with higher beta.

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Lithium Australia NL (ASX:LIT): Does The -52.45% Earnings Drop Reflect A Longer Term Trend?

Understanding how Lithium Australia NL (ASX:LIT) is performing as a company requires looking at more than just a years' earnings. … ASX:LIT Income Statement Mar 22nd 18 We can further analyze Lithium Australia's loss by looking at what the industry has been experiencing over the past few years. … Scanning growth from a sector-level, the Australian metals and mining industry has been growing its average earnings by double-digit 15.38% over the previous year, and 12.92% over the past five years.

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One Thing To Consider Before Buying Lithium Australia NL (ASX:LIT)

A market capitalisation of A$67.00M puts LIT in the category of small-cap stocks, which tends to possess higher beta than larger companies. … How LIT's assets could affect its beta An asset-heavy company tends to have a higher beta because the risk associated with running fixed assets during a downturn is highly expensive. … However, this is the opposite to what LIT’s actual beta value suggests, which is higher stock volatility relative to the market.

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Why Lithium Australia NL's (ASX:LIT) Investor Composition Impacts Your Returns

In this article, I'm going to take a look at Lithium Australia NL’s (ASX:LIT) latest ownership structure, a non-fundamental factor which is important, but remains a less discussed subject among investors. … Insider Ownership Another important group of shareholders are company insiders. … This level of ownership gives retail investors the power to sway key policy decisions such as board composition, executive compensation, and potential acquisitions.

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Company Info

Description

Lithium Australia NL engages in the acquisition, exploration, and development of mineral properties. The company is primarily involved in the extraction and recovery of lithium. It holds interests in various projects located in Western Australia, Queensland, Northern Territory, and South Australia in Australia; Mexico; and Germany. The company was formerly known as Cobre Montana NL and changed its name to Lithium Australia NL in July 2015. Lithium Australia NL is based in West Perth, Australia.

Details
Name: Lithium Australia NL
LIT
Exchange: ASX
Founded:
A$38,703,393
466,305,941
Website: http://www.lithium-au.com
Address: Lithium Australia NL
675 Murray Street,
Level 1,
West Perth,
Western Australia, 6005,
Australia
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
ASX LIT Ordinary Shares Australian Securities Exchange AU AUD 30. Oct 2007
OTCPK LMMF.F Ordinary Shares Pink Sheets LLC US USD 30. Oct 2007
DB 3MW Ordinary Shares Deutsche Boerse AG DE EUR 30. Oct 2007
CHIA LIT Ordinary Shares Chi-X Australia AU AUD 30. Oct 2007
ASX LITCE Partly Paid Shares 25 Cents Australian Securities Exchange AU AUD 24. Aug 2016
Number of employees
Current staff
Staff numbers
0
Lithium Australia employees.
Industry
Diversified Metals and Mining
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 10:34
End of day share price update: 2019/03/19 00:00
Last earnings filing: 2019/03/15
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/06/30


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.