Lake Resources NL explores for and develops lithium brine projects in Argentina.
Lake Resources Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$0.89|
|52 Week High||AU$0.052|
|52 Week Low||AU$0.91|
|1 Month Change||53.45%|
|3 Month Change||117.07%|
|1 Year Change||1,359.02%|
|3 Year Change||1,086.67%|
|5 Year Change||1,518.18%|
|Change since IPO||217.86%|
Recent News & Updates
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...
|LKE||AU Metals and Mining||AU Market|
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.
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
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
|LKE fundamental statistics|
Is LKE overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|LKE income statement (TTM)|
|Cost of Revenue||AU$0|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||-0.0025|
|Net Profit Margin||0.00%|
How did LKE perform over the long term?See historical performance and comparison
Is Lake Resources 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 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).
How is Lake Resources forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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.
How has Lake Resources performed over the past 5 years?
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.
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$28.0K).
Debt to Equity History and Analysis
Debt Level: LKE is debt free.
Reducing Debt: LKE had no debt 5 years ago.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: LKE has sufficient cash runway for more than 3 years based on its current free cash flow.
Forecast Cash Runway: LKE has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of 40.1% each year
What is Lake Resources's current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LKE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LKE's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if LKE's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LKE's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of LKE's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Steve Promnitz (56 yo)
Mr. Stephen C. Promnitz, also known as Steve, B.Sc (Hons), serves as Managing Director and Director at Lake Resources N.L. Mr. Promnitz served as a Strategic Advisor of Victory Mines Limited since November...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($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.
Experienced Board: LKE's board of directors are considered experienced (4.3 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 48.1%.
Lake Resources NL's employee growth, exchange listings and data sources
- 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
- Lake Resources NL
- 126 Phillip Street
- Level 5
- New South Wales
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/22 15:37|
|End of Day Share Price||2021/10/22 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.