NasdaqCM:LTBR

Stock Analysis Report

Executive Summary

Lightbridge Corporation operates as a nuclear fuel technology company.


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has Lightbridge's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: LTBR's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.8%

LTBR

-6.5%

US Professional Services

-7.4%

US Market


1 Year Return

-43.4%

LTBR

21.1%

US Professional Services

10.5%

US Market

Return vs Industry: LTBR underperformed the US Professional Services industry which returned 21.1% over the past year.

Return vs Market: LTBR underperformed the US Market which returned 10.5% over the past year.


Shareholder returns

LTBRIndustryMarket
7 Day1.8%-6.5%-7.4%
30 Day4.1%-2.7%-3.6%
90 Day5.2%3.7%-0.6%
1 Year-43.4%-43.4%22.2%21.1%12.8%10.5%
3 Year-67.7%-67.7%50.9%46.2%37.4%28.6%
5 Year-94.1%-94.1%71.3%62.1%61.3%43.6%

Price Volatility Vs. Market

How volatile is Lightbridge's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

0.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

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


Price To Earnings Ratio

PE vs Industry: LTBR is unprofitable, so we can't compare its PE Ratio to the Professional Services industry average.

PE vs Market: LTBR is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate LTBR's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: LTBR is good value based on its PB Ratio (0.6x) compared to the US Professional Services industry average (2.6x).


Next Steps

Future Growth

How is Lightbridge forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

27.7%

Forecasted Commercial Services 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 Lightbridge 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

Past Performance

How has Lightbridge performed over the past 5 years?

-38.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: LTBR is currently unprofitable.

Growing Profit Margin: LTBR is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: LTBR is unprofitable, and losses have increased over the past 5 years at a rate of -38.2% per year.

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

Earnings vs Industry: LTBR is unprofitable, making it difficult to compare its past year earnings growth to the Professional Services industry (10.6%).


Return on Equity

High ROE: LTBR has a negative Return on Equity (-56.59%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is Lightbridge's financial position?


Financial Position Analysis

Short Term Liabilities: LTBR's short term assets ($21.3M) exceed its short term liabilities ($1.7M).

Long Term Liabilities: LTBR has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: LTBR is debt free.

Reducing Debt: LTBR had no debt 5 years ago.


Balance Sheet

Inventory Level: LTBR has a low level of unsold assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if LTBR's debt is covered by short term assets.


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

Forecast Cash Runway: LTBR has sufficient cash runway for more than 3 years if free cash flow continues to reduce at historical rates of -10.9% each year


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.9%industryaverage1.0%forecastin3Yearsn/a

Current dividend yield vs market & industry

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

High Dividend: Unable to evaluate LTBR's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if LTBR's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if LTBR'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 LTBR's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Seth Grae (56yo)

13.9yrs

Tenure

US$1,110,738

Compensation

Mr. Seth Grae has been the Chief Executive Officer and President of Lightbridge Corp. (Alternate Name: Thorium Power Inc. and Thorium Power, Ltd) since March 17, 2006. Mr. Grae has been an Executive Direct ...


CEO Compensation Analysis

Compensation vs Market: Seth's total compensation ($USD1.11M) is above average for companies of similar size in the US market ($USD524.26K).

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


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Graham
Executive Chairman & Secretary13.8yrsUS$236.20k0.092% $12.1k
Seth Grae
President13.9yrsUS$1.11m0.34% $45.4k
Lawrence Goldman
Chief Financial Officer1.4yrsUS$545.09k0.038% $5.1k
Andrey Mushakov
Executive Vice President of Nuclear Operations2.1yrsUS$701.01k0.12% $15.8k
Joel Grae
Co-Founder 0yrsno datano data
Robert Ihde
Senior Vice President of Nuclear Technology and Member of Technical Advisory Board11.9yrsno datano data
James Malone
Senior VP & Chief Nuclear Fuel Development Officer9.3yrsno datano data
Jon Johnson
Senior Vice President0yrsno datano data
Barbara Kanakry
Controller1.4yrsno datano data
James Fornof
Vice President of Government Program Management1.7yrsno datano data

2.1yrs

Average Tenure

63yo

Average Age

Experienced Management: LTBR's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Graham
Executive Chairman & Secretary13.8yrsUS$236.20k0.092% $12.1k
Seth Grae
President13.9yrsUS$1.11m0.34% $45.4k
Robert Ihde
Senior Vice President of Nuclear Technology and Member of Technical Advisory Board11.9yrsno datano data
Weldon Turner
Member of Advisory Board0yrsno datano data
Royce Flippin
Member of Advisory Board0yrsno datano data
Daniel Magraw
Independent Director13.3yrsUS$70.36k0.026% $3.5k
Annette Radkowsky
Member of Advisory Board0yrsno datano data
Victor Alessi
Independent Director13.5yrsUS$70.36k0.0085% $1.1k
Ernie Kennedy
Member of Technical Advisory Board12.9yrsno datano data
Kathleen Townsend
Independent Director6.3yrsUS$72.28k0.0032% $427.6

13.3yrs

Average Tenure

76yo

Average Age

Experienced Board: LTBR's board of directors are seasoned and experienced ( 13.3 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.


Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 64.6%.


Top Shareholders

Company Information

Lightbridge Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Lightbridge Corporation
  • Ticker: LTBR
  • Exchange: NasdaqCM
  • Founded: 1992
  • Industry: Research and Consulting Services
  • Sector: Commercial Services
  • Market Cap: US$13.237m
  • Shares outstanding: 3.25m
  • Website: https://ltbridge.com

Number of Employees


Location

  • Lightbridge Corporation
  • 11710 Plaza America Drive
  • Suite 2000
  • Reston
  • Virginia
  • 20190
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
LTBRNasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDJun 2001
N7ONDB (Deutsche Boerse AG)YesCommon StockDEEURJun 2001
0JUVLSE (London Stock Exchange)YesCommon StockGBUSDJun 2001

Biography

Lightbridge Corporation operates as a nuclear fuel technology company. It focuses on the development and commercialization of metallic fuel rods, which replace uranium oxide ceramic pellets that are used as a fuel in nuclear reactors. The company was formerly known as Thorium Power, Ltd. and changed its name to Lightbridge Corporation in September 2009. Lightbridge Corporation was founded in 1992 and is based in Reston, Virginia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/26 00:48
End of Day Share Price2020/02/25 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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.