LIT Stock Overview
Lithium Australia NL primarily engages in the acquisition, exploration, and development of lithium properties.
Lithium Australia Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.13|
|52 Week High||AU$0.21|
|52 Week Low||AU$0.099|
|1 Month Change||23.81%|
|3 Month Change||4.00%|
|1 Year Change||-3.70%|
|3 Year Change||47.73%|
|5 Year Change||-35.00%|
|Change since IPO||-69.77%|
Recent News & Updates
|LIT||AU Metals and Mining||AU Market|
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.
|LIT Average Weekly Movement||9.0%|
|Metals and Mining Industry Average Movement||10.7%|
|Market Average Movement||8.4%|
|10% most volatile stocks in AU Market||15.2%|
|10% least volatile stocks in AU Market||3.6%|
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
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
|LIT fundamental statistics|
Is LIT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LIT income statement (TTM)|
|Cost of Revenue||AU$1.87m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.019|
|Net Profit Margin||-1,688.83%|
How did LIT perform over the long term?See historical performance and comparison
Is Lithium Australia undervalued compared to its fair value and its price relative to the market?
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).
How is Lithium Australia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
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.
How has Lithium Australia performed over the past 5 years?
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.
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$397.7K).
Debt to Equity History and Analysis
Debt Level: LIT is debt free.
Reducing Debt: LIT had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LIT has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: LIT has sufficient cash runway for 1 years if free cash flow continues to reduce at historical rates of 12.9% each year.
What is Lithium Australia current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LIT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LIT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LIT's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LIT's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LIT's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Adrian Griffin (68 yo)
Mr. Adrian Christopher Griffin, BSc (Hons) MAusIMM, MGSA, TMS, has been the Managing Director and Executive Director of Lithium Australia NL (formerly, Midwinter Resources NL) since February 1, 2011. Mr. G...
CEO Compensation Analysis
Compensation vs Market: Adrian's total compensation ($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.
Experienced Management: LIT's management team is seasoned and experienced (6.4 years average tenure).
Experienced Board: LIT's board of directors are considered experienced (3.8 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 29.8%.
Lithium Australia NL's employee growth, exchange listings and data sources
- 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
- Lithium Australia NL
- 677 Murray Street
- Level 1
- West Perth
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/17 07:02|
|End of Day Share Price||2022/01/17 00:00|
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.