Electra Battery Materials Future Growth

Future criteria checks 2/6

Electra Battery Materials is forecast to grow earnings and revenue by 53.2% and 129.4% per annum respectively while EPS is expected to grow by 82.3% per annum.

Key information

53.2%

Earnings growth rate

82.3%

EPS growth rate

Metals and Mining earnings growth	29.7%
Revenue growth rate	129.4%
Future return on equity	n/a
Analyst coverage	Low
Last updated	02 Apr 2024

Recent future growth updates

Recent updates

Electra Battery Materials (CVE:ELBM) Has Debt But No Earnings; Should You Worry?

Nov 10

Is Electra Battery Materials (CVE:ELBM) A Risky Investment?

Mar 02

Earnings and Revenue Growth Forecasts

TSXV:ELBM - Analysts future estimates and past financials data (CAD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	182	-1	-8	12	1
12/31/2024	7	-10	-67	-15	2
12/31/2023	N/A	-22	-29	2	3
9/30/2023	N/A	-9	-66	-24	N/A
6/30/2023	N/A	-7	-67	-12	N/A
3/31/2023	N/A	-12	-71	-13	N/A
12/31/2022	N/A	13	-63	-16	N/A
9/30/2022	N/A	-13	-35	-14	N/A
6/30/2022	N/A	-16	-28	-19	N/A
3/31/2022	N/A	-30	-21	-17	N/A
12/31/2021	N/A	-35	-19	-17	N/A
9/30/2021	N/A	-17	-14	-14	N/A
6/30/2021	N/A	-8	-9	-9	N/A
3/31/2021	N/A	-3	-7	-7	N/A
12/31/2020	N/A	-2	-6	-6	N/A
9/30/2020	N/A	-115	-6	-6	N/A
6/30/2020	N/A	-115	-8	-8	N/A
3/31/2020	N/A	-116	-8	-8	N/A
12/31/2019	N/A	-116	-9	-9	N/A
9/30/2019	N/A	-17	-15	-14	N/A
6/30/2019	N/A	-23	-21	-19	N/A
3/31/2019	N/A	-26	-27	-24	N/A
12/31/2018	N/A	-27	-27	-25	N/A
9/30/2018	N/A	-22	-24	-22	N/A
6/30/2018	N/A	-16	-17	-16	N/A
3/31/2018	N/A	-12	-13	-11	N/A
12/31/2017	N/A	-10	-10	-8	N/A
9/30/2017	N/A	-6	-6	-5	N/A
6/30/2017	N/A	-4	N/A	-3	N/A
3/31/2017	N/A	-2	N/A	-1	N/A
12/31/2016	N/A	-1	N/A	-1	N/A
9/30/2016	N/A	0	N/A	0	N/A
6/30/2016	N/A	0	N/A	0	N/A
3/31/2016	N/A	0	N/A	0	N/A
12/31/2015	N/A	-1	N/A	0	N/A
9/30/2015	N/A	-1	N/A	0	N/A
6/30/2015	N/A	-1	N/A	0	N/A
3/31/2015	N/A	-1	N/A	0	N/A
12/31/2014	N/A	0	N/A	0	N/A
9/30/2014	N/A	0	N/A	0	N/A
6/30/2014	N/A	0	N/A	0	N/A
3/31/2014	N/A	0	N/A	0	N/A

Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: ELBM's revenue (129.4% per year) is forecast to grow faster than the Canadian market (6.6% per year).

High Growth Revenue: ELBM's revenue (129.4% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if ELBM's Return on Equity is forecast to be high in 3 years time

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Electra Battery Materials Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target decreased by 30% to CA$3.25

Price target decreased by 19% to CA$5.97

Price target decreased by 23% to CA$7.23

Forecast breakeven date pushed back to 2024

Forecast breakeven date moved forward to 2022

Price target decreased to CA$10.95

Recent updates

President exercised options to buy CA$74k worth of stock.

Electra Battery Materials Corporation Receives $5 Million Grant from Government of Canada to Support the Development of the North American Electric Vehicle Supply Chain

New minor risk - Share price stability

Electra Battery Materials Corporation Provides Update on Black Mass Recycling

Electra Battery Materials Corporation Announces Chief Financial Officer Changes

Price target decreased by 30% to CA$3.25

New major risk - Financial position

New major risk - Revenue and earnings growth

Electra Battery Materials Corporation to Report Q3, 2023 Results on Nov 15, 2023

Electra Battery Materials Receives NASDAQ Notice on Minimum Price Deficiency

Electra Battery Materials Corporation announced that it has received $6.058644 million in funding

Electra Battery Materials Corporation to Report Q2, 2023 Results on Aug 17, 2023

New major risk - Shareholder dilution

Electra Battery Materials Corporation announced that it has received CAD 20 million in funding from Three Fires Group Inc.

Price target decreased by 19% to CA$5.97

New major risk - Share price stability

Electra Battery Materials Corporation announced that it expects to receive CAD 18.965517 million in funding from Three Fires Group Inc.

Electra Battery Materials Corporation announced that it expects to receive CAD 20 million in funding from Three Fires Group Inc.

Electra Battery Materials Corporation Announces Executive Changes

Price target decreased by 23% to CA$7.23

Electra Battery Materials Corporation to Report Q1, 2023 Results on May 10, 2023

Electra Battery Materials Corporation Completes First Plant-Scale Recycling of Black Mass Material in North America

Electra Battery Materials Corporation announced that it expects to receive $51 million in funding

Electra Battery Materials Corporation (TSXV:ELBM) acquired Cobalt Property in Idaho.

Forecast breakeven date pushed back to 2024

Electra Battery Materials Corporation has completed a Composite Units Offering in the amount of $5.51075 million.

Insufficient new directors

Electra Battery Materials (CVE:ELBM) Has Debt But No Earnings; Should You Worry?

Insufficient new directors

Electra Battery Materials Corporation to Report Q3, 2022 Results on Nov 09, 2022

Electra Battery Materials Corporation Confirms Cobalt Mineralization at New Target in Idaho

Electra Battery Materials Corporation Makes Continued Progress on Cobalt Refinery Project and Prepares for Black Mass Recycling Demonstration

Electra's Study on Integrated EV Battery Materials Facility in Ontario Demonstrates Compelling Economics

Forecast breakeven date moved forward to 2022

Price target decreased to CA$10.95

Electra Battery Materials Corporation Provides Production Guidance for the Year 2023 and 2024

Electra Identifies New Mineralization in Idaho Cobalt Belt

Electra Battery Materials Corporation to Report Q2, 2022 Results on Aug 11, 2022

Electra Appoints Craig Cunningham as CFO

Electra Battery Materials Corporation Appoints Racanelli as Director of Investor Relations

Electra Drilling Intersects High Grade Cobalt, Extends Mineralization At Idaho Project

Price target decreased to CA$12.88

President recently sold CA$314k worth of stock

Electra Battery Materials Corporation Announces Departure of Ryan Snyder as Chief Financial Officer

Is Electra Battery Materials (CVE:ELBM) A Risky Investment?

Electra Battery Materials Corporation Provides Update on Refinery Construction and Commissioning

Chief Financial Officer recently sold CA$66k worth of stock

Price target increased to CA$0.62

First Cobalt Corp. Commences Drilling at Iron Creek, Wholly-Owned Cobalt-Copper Project in Idaho, USA

First Cobalt Corp. announced that it expects to receive CAD 37.5 million in funding

High number of new directors

First Cobalt Corp. Recovers Lithium, Nickel and Copper from Battery Recycling Testwork

First Cobalt Corp. Announces the Commencement of $2.5 Million Exploration Program At Its Wholly-Owned Iron Creek Cobalt-Copper Project in the United States

First Cobalt Granted U.S. Department of Energy Funding for Idaho Cobalt Project

First Cobalt Corp Announces Appointment of Cora Klein as Head of Investor Relations

Kuya Silver Corp. (CNSX:KUYA) completed the acquisition of Cobalt Camp Exploration Assets from First Cobalt Corp. (TSXV:FCC).

First Cobalt Corp. Announces That A Geophysical Survey of Its Iron Creek Cobalt-Copper Deposit in Idaho

First Cobalt Corp. Studies Battery Recycling for Nickel, Copper and Cobalt Recovery

First Cobalt Corp. Announces Executive Appointments

First Cobalt Corp. has completed a Composite Units Offering in the amount of CAD 8.5002 million.

First Cobalt Corp. Announces Joint Venture with Kuya Silver Corporation

First Cobalt Corp. Updates on Commercial Contracts and Metallurgical Test Work Relating to Its Cobalt Refinery Located in Ontario, Canada

First Cobalt Corp. Provides an Update on Its Ongoing Engineering Studies for Its Permitted Cobalt Refinery in Ontario, Canada

First Cobalt Corp. Provides an Update on its Ongoing Engineering Studies for its Permitted Cobalt Refinery in Ontario, Canada

First Cobalt Corp. announced that it has received CAD 2.51001 million in funding

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity