Executive Summary
Lithium Australia NL primarily engages in the acquisition, exploration, and development of lithium properties. More Details
Snowflake Analysis
Excellent balance sheet with weak fundamentals.
Share Price & News
How has Lithium Australia's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LIT is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 19% a week.
Volatility Over Time: LIT's weekly volatility has increased from 13% to 19% over the past year.
Market Performance
7 Day Return
61.6%
LIT
-0.4%
AU Metals and Mining
1.4%
AU Market
1 Year Return
142.4%
LIT
25.8%
AU Metals and Mining
-0.6%
AU Market
Return vs Industry: LIT exceeded the Australian Metals and Mining industry which returned 25.8% over the past year.
Return vs Market: LIT exceeded the Australian Market which returned -0.6% over the past year.
Shareholder returns
| LIT | Industry | Market | |
|---|---|---|---|
| 7 Day | 61.6% | -0.4% | 1.4% |
| 30 Day | 166.7% | 7.3% | 3.0% |
| 90 Day | 220.0% | 23.6% | 11.9% |
| 1 Year | 142.4%142.4% | 32.6%25.8% | 2.8%-0.6% |
| 3 Year | -21.2%-22.0% | 71.3%47.6% | 27.0%11.4% |
| 5 Year | 0.9%0% | 277.7%207.4% | 68.6%34.6% |
Long-Term Price Volatility Vs. Market
How volatile is Lithium Australia's share price compared to the market and industry in the last 5 years?
Simply Wall St News
9 months ago | Simply Wall St
Investors Who Bought Lithium Australia (ASX:LIT) Shares Three Years Ago Are Now Down 61%10 months ago | Simply Wall St
How Should Investors React To Lithium Australia NL's (ASX:LIT) CEO Pay?1 year ago | Simply Wall St
Those Who Purchased Lithium Australia (ASX:LIT) Shares Three Years Ago Have A 61% Loss To Show For ItValuation
Is Lithium Australia undervalued compared to its fair value and its price relative to the market?
3.92x
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 AU 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 (3.9x) compared to the AU Metals and Mining industry average (3x).
Next Steps
Future Growth
How is Lithium Australia forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
7.3%
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.
Next Steps
- Examine Lithium Australia's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Lithium Australia competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
Past Performance
How has Lithium Australia performed over the past 5 years?
-34.8%
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 34.8% 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 (38%).
Return on Equity
High ROE: LIT has a negative Return on Equity (-35.24%), as it is currently unprofitable.
Next Steps
Financial Health
How is Lithium Australia's financial position?
Financial Position Analysis
Short Term Liabilities: LIT's short term assets (A$5.6M) exceed its short term liabilities (A$3.0M).
Long Term Liabilities: LIT's short term assets (A$5.6M) exceed its long term liabilities (A$310.3K).
Debt to Equity History and Analysis
Debt Level: LIT's debt to equity ratio (4.2%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LIT's debt to equity ratio has reduced over the 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: LIT has sufficient cash runway for 9 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: LIT is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.
Next Steps
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?
7.8yrs
Average board tenure
CEO
Adrian Griffin (67 yo)
10yrs
Tenure
AU$381,634
Compensation
Mr. Adrian Christopher Griffin, BSc (Hons) MAusIMM, MGSA, TMS, has been the Managing Director and Executive Director of Lithium Australia NL (formerly, Midwinter Resources NL) since February 1, 2011. Mr. G...
CEO Compensation Analysis
Compensation vs Market: Adrian's total compensation ($USD294.49K) is about average for companies of similar size in the Australian market ($USD293.77K).
Compensation vs Earnings: Adrian's compensation has been consistent with company performance over the past year.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| MD & Director | 10yrs | AU$381.63k | 2.13% A$ 2.9m | |
| Independent Non-Executive Director | 11.08yrs | no data | 0.062% A$ 85.4k | |
| Independent Non-Executive Chairman | 5.5yrs | AU$2.55k | 0.27% A$ 366.5k | |
| Independent Non-Executive Director | 0.083yr | no data | no data |
7.8yrs
Average Tenure
49yo
Average Age
Experienced Board: LIT's board of directors are considered experienced (7.8 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.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 53.2%.
Top Shareholders
Company Information
Lithium Australia NL's company bio, 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
- Market Cap: AU$137.633m
- Shares outstanding: 860.20m
- Website: https://lithium-au.com
Location
- Lithium Australia NL
- 677 Murray Street
- Level 1
- West Perth
- Western Australia
- 6005
- Australia
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LIT | ASX (Australian Securities Exchange) | Yes | Ordinary Shares | AU | AUD | Oct 2007 |
| LIT | CHIA (Chi-X Australia) | Yes | Ordinary Shares | AU | AUD | Oct 2007 |
| LMMF.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Oct 2007 |
| 3MW | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Oct 2007 |
| LITCF | ASX (Australian Securities Exchange) | NPV PPD (1.01C PAID - 4.99C | AU | AUD | Mar 2020 | |
| LITCF | CHIA (Chi-X Australia) | NPV PPD (1.01C PAID - 4.99C | AU | AUD | Mar 2020 |
Biography
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. T...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/24 07:05 |
| End of Day Share Price | 2021/01/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
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.