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LKE

Lake ResourcesASX:LKE Stock Report

Market Cap

AU$1.0b

7D

52.1%

1Y

1,359.0%

Updated

22 Oct, 2021

Data

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

LKE Overview

Lake Resources NL explores for and develops lithium brine projects in Argentina.

Lake Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Lake Resources
Historical stock prices
Current Share PriceAU$0.89
52 Week HighAU$0.052
52 Week LowAU$0.91
Beta-0.27
1 Month Change53.45%
3 Month Change117.07%
1 Year Change1,359.02%
3 Year Change1,086.67%
5 Year Change1,518.18%
Change since IPO217.86%

Recent News & Updates

Oct 18
Companies Like Lake Resources (ASX:LKE) Can Afford To Invest In Growth

Companies Like Lake Resources (ASX:LKE) Can Afford To Invest In Growth

Just because a business does not make any money, does not mean that the stock will go down. For example, Lake Resources...

Shareholder Returns

LKEAU Metals and MiningAU Market
7D52.1%-0.3%0.7%
1Y1,359.0%12.5%21.4%

Return vs Industry: LKE exceeded the Australian Metals and Mining industry which returned 12.5% over the past year.

Return vs Market: LKE exceeded the Australian Market which returned 21.4% over the past year.

Price Volatility

Is LKE's price volatile compared to industry and market?
LKE volatility
LKE Beta-0.27
Industry Beta0.97
Market Beta1

Stable Share Price: LKE is more volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 14% a week.

Volatility Over Time: LKE's weekly volatility (14%) has been stable over the past year, but is still higher than 75% of Australian stocks.

About the Company

FoundedEmployeesCEOWebsite
1997n/aSteve Promnitzhttps://www.lakeresources.com.au

Lake Resources NL explores for and develops lithium brine projects in Argentina. Its flagship project is its 100% owned Kachi lithium brine project that consists of 37 mining leases covering an area of approximately 70,400 hectares located in Catamarca province, Argentina. The company was founded in 1997 and is based in Sydney, Australia.

Lake Resources Fundamentals Summary

How do Lake Resources's earnings and revenue compare to its market cap?
LKE fundamental statistics
Market CapAU$1.02b
Earnings (TTM)-AU$2.89m
Revenue (TTM)n/a

0x

P/S Ratio

-354.6x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LKE income statement (TTM)
RevenueAU$0
Cost of RevenueAU$0
Gross ProfitAU$0
ExpensesAU$2.89m
Earnings-AU$2.89m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.0025
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.0%

How did LKE perform over the long term?

See historical performance and comparison

Valuation

Is Lake Resources undervalued compared to its fair value and its price relative to the market?

21.85x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

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

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


Price to Book Ratio

PB vs Industry: LKE is overvalued based on its PB Ratio (21.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Lake Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?

-70.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LKE is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: LKE is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: LKE is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if LKE's revenue is forecast to grow faster than the Australian market.

High Growth Revenue: LKE is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LKE is forecast to be unprofitable in 3 years.


Past Performance

How has Lake Resources performed over the past 5 years?

-28.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LKE is currently unprofitable.

Growing Profit Margin: LKE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LKE is unprofitable, and losses have increased over the past 5 years at a rate of 28.8% per year.

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

Earnings vs Industry: LKE 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: LKE has a negative Return on Equity (-6.17%), as it is currently unprofitable.


Financial Health

How is Lake Resources's financial position?


Financial Position Analysis

Short Term Liabilities: LKE's short term assets (A$27.0M) exceed its short term liabilities (A$1.0M).

Long Term Liabilities: LKE's short term assets (A$27.0M) exceed its long term liabilities (A$28.0K).


Debt to Equity History and Analysis

Debt Level: LKE is debt free.

Reducing Debt: LKE 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: LKE has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: LKE has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 40.1% each year


Dividend

What is Lake Resources's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

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

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

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

4.3yrs

Average board tenure


CEO

Steve Promnitz (56 yo)

4.92yrs

Tenure

AU$582,881

Compensation

Mr. Stephen C. Promnitz, also known as Steve, B.Sc (Hons), serves as Managing Director and Director at Lake Resources N.L. Mr. Promnitz served as a Strategic Advisor of Victory Mines Limited since November...


CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD436.52K) is below average for companies of similar size in the Australian market ($USD973.44K).

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


Board Members

Experienced Board: LKE's board of directors are considered experienced (4.3 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 diluted in the past year, with total shares outstanding growing by 48.1%.


Top Shareholders

Company Information

Lake Resources NL's employee growth, exchange listings and data sources


Key Information

  • Name: Lake Resources NL
  • Ticker: LKE
  • Exchange: ASX
  • Founded: 1997
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$1.024b
  • Shares outstanding: 1.15b
  • Website: https://www.lakeresources.com.au

Location

  • Lake Resources NL
  • 126 Phillip Street
  • Level 5
  • Sydney
  • New South Wales
  • 2000
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/22 15:37
End of Day Share Price2021/10/22 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.