Market Cap
US$3.1b
Last Updated
2021/01/26 01:01 UTC
Data Sources
Company Financials +
Executive Summary
Livent Corporation manufactures and sells performance lithium based batteries, specialty polymer, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. More Details
Rewards
Risk Analysis
No risks detected for LTHM from our risk checks.
Snowflake Analysis
Reasonable growth potential with imperfect balance sheet.
Similar Companies
Share Price & News
How has Livent's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LTHM is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: LTHM's weekly volatility (10%) has been stable over the past year.
Market Performance
7 Day Return
-4.8%
LTHM
-1.5%
US Chemicals
2.6%
US Market
1 Year Return
142.9%
LTHM
25.1%
US Chemicals
26.0%
US Market
Return vs Industry: LTHM exceeded the US Chemicals industry which returned 25.1% over the past year.
Return vs Market: LTHM exceeded the US Market which returned 26% over the past year.
Shareholder returns
| LTHM | Industry | Market | |
|---|---|---|---|
| 7 Day | -4.8% | -1.5% | 2.6% |
| 30 Day | 14.0% | 3.5% | 5.1% |
| 90 Day | 102.5% | 19.1% | 17.1% |
| 1 Year | 142.9%142.9% | 28.0%25.1% | 28.9%26.0% |
| 3 Year | n/a | 24.2%0.9% | 46.3%36.6% |
| 5 Year | n/a | 113.9%65.4% | 126.9%101.6% |
Long-Term Price Volatility Vs. Market
How volatile is Livent's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is Livent (NYSE:LTHM) A Risky Investment?1 month ago | Simply Wall St
Returns On Capital At Livent (NYSE:LTHM) Paint An Interesting Picture2 months ago | Simply Wall St
Livent Corporation Just Missed Earnings With A Surprise Loss - Here Are Analysts Latest ForecastsValuation
Is Livent undervalued compared to its fair value and its price relative to the market?
5.53x
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: LTHM ($21.4) is trading above our estimate of fair value ($13.92)
Significantly Below Fair Value: LTHM is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: LTHM is unprofitable, so we can't compare its PE Ratio to the US Chemicals industry average.
PE vs Market: LTHM 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 LTHM's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: LTHM is overvalued based on its PB Ratio (5.5x) compared to the US Chemicals industry average (2.6x).
Next Steps
Future Growth
How is Livent forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
117.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LTHM is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: LTHM is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: LTHM's is expected to become profitable in the next 3 years.
Revenue vs Market: LTHM's revenue (16.8% per year) is forecast to grow faster than the US market (10.6% per year).
High Growth Revenue: LTHM's revenue (16.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: LTHM's Return on Equity is forecast to be low in 3 years time (8.1%).
Next Steps
Past Performance
How has Livent performed over the past 5 years?
-20.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LTHM is currently unprofitable.
Growing Profit Margin: LTHM is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: LTHM is unprofitable, and losses have increased over the past 5 years at a rate of 20.2% per year.
Accelerating Growth: Unable to compare LTHM's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: LTHM is unprofitable, making it difficult to compare its past year earnings growth to the Chemicals industry (-16.3%).
Return on Equity
High ROE: LTHM has a negative Return on Equity (-2.49%), as it is currently unprofitable.
Next Steps
Financial Health
How is Livent's financial position?
Financial Position Analysis
Short Term Liabilities: LTHM's short term assets ($253.6M) exceed its short term liabilities ($78.2M).
Long Term Liabilities: LTHM's short term assets ($253.6M) do not cover its long term liabilities ($258.3M).
Debt to Equity History and Analysis
Debt Level: LTHM's debt to equity ratio (39.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if LTHM's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: LTHM's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: LTHM is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Next Steps
Dividend
What is Livent current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate LTHM's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate LTHM'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 LTHM's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if LTHM'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 LTHM'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?
2.7yrs
Average management tenure
CEO
Paul Graves (48 yo)
2.67yrs
Tenure
US$1,329,170
Compensation
Mr. Paul W. Graves has been President, Chief Executive Officer & Director of Livent Corporation since May 2018. Mr. Graves was Chief Executive Officer of Planned FMC Lithium Company since May 2018 until 20...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD1.33M) is below average for companies of similar size in the US market ($USD5.01M).
Compensation vs Earnings: Paul's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.67yrs | US$1.33m | 0.23% $ 7.3m | |
| VP, CFO & Treasurer | 2.67yrs | US$601.97k | 0.029% $ 903.3k | |
| VP, General Counsel & Secretary | 2.67yrs | US$490.55k | 0.014% $ 434.9k | |
| Chief Operations & Engineering Officer | 2yrs | no data | no data | |
| Corporate Controller & Chief Accounting Officer | 1.83yrs | no data | no data | |
| Investor Relations Manager | no data | no data | no data | |
| Chief Communications Officer & Global Head of Public Affairs | no data | no data | no data | |
| Chief Commercial Officer | no data | no data | no data |
2.7yrs
Average Tenure
49yo
Average Age
Experienced Management: LTHM's management team is considered experienced (2.7 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 2.67yrs | US$1.33m | 0.23% $ 7.3m | |
| Independent Director | 3yrs | US$170.01k | 0.13% $ 4.1m | |
| Independent Director | 3yrs | US$185.01k | 0.036% $ 1.1m | |
| Chairman | 2.25yrs | US$196.71k | 0.19% $ 5.8m | |
| Director | 2.25yrs | US$175.88k | 0.081% $ 2.5m | |
| Independent Director | 3yrs | US$175.01k | 0.045% $ 1.4m | |
| Independent Director | 0.92yr | no data | 0.017% $ 536.6k | |
| Independent Director | 0.92yr | no data | 0.012% $ 386.7k | |
| Independent Director | 3yrs | US$170.01k | 0.019% $ 590.8k |
2.7yrs
Average Tenure
62yo
Average Age
Experienced Board: LTHM's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.
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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Livent Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Livent Corporation
- Ticker: LTHM
- Exchange: NYSE
- Founded: 2018
- Industry: Specialty Chemicals
- Sector: Materials
- Market Cap: US$3.131b
- Shares outstanding: 146.30m
- Website: https://www.livent.com
Number of Employees
Location
- Livent Corporation
- 2929 Walnut Street
- Philadelphia
- Pennsylvania
- 19104
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LTHM | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Oct 2018 |
| 8LV | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Oct 2018 |
Biography
Livent Corporation manufactures and sells performance lithium based batteries, specialty polymer, and chemical synthesis applications in North America, Latin America, Europe, the Middle East, Africa, and t...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/26 01:01 |
| End of Day Share Price | 2021/01/25 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.