Largo Inc.

NasdaqGS:LGO Stok Raporu

Piyasa değeri: US$80.0m

Largo Geçmiş Kazanç Performansı

Geçmiş kriter kontrolleri 0/6

Largo şirketinin kazançları yıllık ortalama -61.3% oranında azalırken, Metals and Mining sektörünün kazançları yıllık 8.4% oranında azalan oldu. Gelirler yıllık ortalama 10.9% oranında azalan oldu.

Anahtar bilgiler

-61.31%

Kazanç büyüme oranı

-60.64%

EPS büyüme oranı

Metals and Mining Sektör Büyümesi26.40%
Gelir büyüme oranı-10.95%
Özkaynak getirisi-41.31%
Net Marj-60.27%
Son Kazanç Güncellemesi31 Mar 2026

Yakın geçmiş performans güncellemeleri

Recent updates

Seeking Alpha • Sep 20

Largo: Good Q2 Results And Vanadium Prices Might Recover Soon

Summary The company’s Q2 2022 revenues soared by over 50% year on year and net income was $18 million. In addition, quarterly production is back above 3,000 tonnes of vanadium. However, Largo cut its 2022 production guidance and vanadium prices have been falling since March. In my view, this could be a good time to invest in Largo as vanadium demand could improve over the coming months thanks to rising steel output in China. Introduction In June, I wrote a bullish article on SA about vanadium miner Largo (LGO) in which I said that production was expected to improve over the remainder of 2022 and that vanadium demand was looking strong. Well, the company closed Q2 with a 56% annual jump in revenues and net income came in at $18 million. However, Largo's market valuation has been under pressure lately due to falling vanadium prices. The outlook for steel production in China for the coming months looks good and I expect this to lead to higher vanadium demand, which should lift the price of the metal. Let's review. Overview of the recent developments In case you haven't read any of my previous articles on Largo, here's a short description of the business. The company's main asset is the high-grade Maracas Menchen vanadium mine in eastern Brazil. This is an open pit project with a life of mine of 20 years and its nameplate production capacity stands at 13,200 tonnes of vanadium pentoxide (V2O5). Largo also has an early-stage U.S.-based clean energy business focused on vanadium redox flow batteries. Its first battery system is expected to be delivered in Q1 2023 and in April 2022, the company announced the creation of a listed physical vanadium company that is set to supply material for its batteries. Overall, I think that Largo's clean energy business is at an early stage of development and it's hard to estimate how much it could be worth at the moment. Largo Turning our attention to the company's Q2 2022 production and financial results, it was a strong period with an output of 3,084 tonnes of V2O5 as production rates recovered following high rainfall levels at the end of 2021 and a maintenance shutdown of the mine in February. Average selling prices improved by 3% quarter on quarter to $11.08 per pound and this boosted Largo's revenues for the period to $84.8 million. Thanks to high vanadium prices, net income more than doubled year on year. Largo Largo However, the cash operating costs excluding royalties rose to $4.23 per pound from $3.39 per pound a year earlier despite similar production levels. The main reason behind this includes higher costs of critical consumables, such as HFO and diesel. It's unclear when the prices of those could return to previous levels. Professional, consulting and management fees soared by 44% year on year to $6.4 million due to the creation of the clean energy and physical vanadium businesses. The clean energy business wasn't fully operational yet in Q2 2021. Largo In addition, Largo revised its V2O5 production guidance for the year to 11,000-12,000 tonnes from 11,600-12,400 tonnes due to the operational challenges this year, while the cash operating cost excluding royalties guidance was increased to $4.10-4.50 per pound sold from $3.90-4.30 due to global inflationary pressures. What's even worse is that V2O5 prices have been on a downward spiral since March as Chinese steel production declined due to high iron ore prices and limited demand from the troubled local property sector. Investing.com In my view, this could be a good time to invest in Largo shares as it seems that demand for vanadium is about to rebound in the coming months. China's crude steel output rose by 2% month on month in August after two consecutive months of declines and demand is usually strong in September and October. According to S&P Global, market sources said that the government was unlikely to order steel output cuts in the coming months and finished steel inventories at steel mills and spot markets monitored by the China Iron and Steel Association fell by 7.2% month on month in August. Considering that the vanadium market is expected to remain in a structural deficit for years to come, I expect average long-term prices to remain above the 25-year historical average of about $8 per pound. Largo In view of the bright short-term and long-term prospects for vanadium prices, I think that Largo looks cheap at the moment. In late 2021, the company released an updated life of mine plan for Maracas Menchen which showed an after-tax net present value ((NPV)) of $2 billion at around $8 per pound for the majority of the life of mine. The new mine plan envisages titanium dioxide pigment as a by-product from 2024 and annual EBITDA is expected to top $200 million by 2025. Largo Largo has an enterprise value of $317 million as of the time of writing, which means that it's trading at below 0.2x NAV. This is cheap for an intermediate mining company as they are usually valued in the 0.5-1.2x NAV range. Unfortunately, there are no peers in the vanadium mining space to compare with Largo as the only other pure play producer in this market is a small and unprofitable South African company named Bushveld Minerals (BSHVF). So, what are the major risks for the bull case? Well, I think the main one is high vanadium price volatility. As the majority of global vanadium comes as co-product from Chinese steel mills this means that supply is inelastic, and prices are notoriously volatile. For example, vanadium prices hit a low of $2.25 per pound in 2015 before soaring to $29 per pound just three years later. In my view, the most likely scenario for low vanadium prices over the coming years includes a global recession as this is likely to lead to a weak property market. Depressed vanadium prices could be devastating for Largo's expansion plans as the latest technical report for Maracas Menchen envisages total CAPEX of over $350 million by 2027.
Seeking Alpha • Aug 11

Largo Resources GAAP EPS of $0.28, revenue of $84.8M; updates FY22 production guidance

Largo Resources press release (NASDAQ:LGO): Q2 GAAP EPS of $0.28. Revenue of $84.8M (+56.2% Y/Y). Total V2O5 equivalent sales of 3,291 tonnes, a 9% increase over Q2 2021. V2O5 production 3,084 tonnes (6.8 million lbs) vs. 3,070 tonnes in Q2 2021. 2022 Production, Cost and Capital Expenditures Guidance Update: The company has revised its V2O5 equivalent production guidance to 11,000 – 12,000 tonnes from 11,600 – 12,400 tonnes; Cash operating cost excluding royalties guidance increased to $4.10 – 4.50 per lb sold from $3.90 – 4.30; Ilmenite concentration plant capital expenditure guidance lowered to $19.0 – 21.0 million from $29.0 – 30.0 million; Titanium dioxide processing plant capital expenditures guidance lower to $2.0 – 3.0 million from $9.0 – 10.0 million.
Seeking Alpha • Jun 21

Largo: Financial Performance Over The Remainder Of 2022 Should Improve

In Q1 2022, vanadium prices rose by almost 30%, but Largo generated a net loss of $2 million. The company encountered temporary technical and logistical problems, and the Brazilian real has been strong over the past few months. Production is back to normal and Largo can generate free cash flow of around $20 million if vanadium prices average $9 per pound between May and December. Unless vanadium prices decrease significantly or Brazil gets strong rains in Q4, I expect that Largo’s market valuation could double by the end of 2022.
Seeking Alpha • Mar 29

Largo - Vanadium Flow Batteries

Redox flow technology offers significant advantages over traditional energy storage solutions, notably lead-acid and lithium-ion batteries. For now, its application is best suited to grid-level support connected to solar, wind, and other sources of renewable energy. With pure-play investments out of the picture, we’re focused on a vanadium miner that is positioning to provide an integrated solution.
Seeking Alpha • Jan 11

Largo - The New Life Of Mine Plan For Maracas Menchen Is A Game-Changer

The company plans to add two more deposits to the mine plan as well as titanium dioxide pigment as a by-product. The NPV of Maracas Menchen now stands at $2 billion, which is almost three times higher than Largo’s current market valuation. However, the low vanadium prices could be a significant issue as total capex at Maracas Menchen stands at over $150 million over the next three years. Overall, I now view this one as a speculative buy.

Gelir ve Gider Dağılımı

Largo nasıl para kazanır ve harcar. LTM bazında en son bildirilen kazançlara dayanmaktadır.

Kazanç ve Gelir Geçmişi

NasdaqGS:LGO Gelir, gider ve kazançlar (USD Millions )
TarihGelirKazançlarG+A GiderleriAr-Ge Giderleri
31 Mar 26109-66240
31 Dec 25110-69240
30 Sep 25112-64140
30 Jun 25109-37210
31 Mar 25111-46240
31 Dec 24125-50290
30 Sep 24145-49370
30 Jun 24159-51380
31 Mar 24183-42430
31 Dec 23199-30460
30 Sep 23202-34440
30 Jun 23212-25420
31 Mar 23244-1430
31 Dec 22229-1440
30 Sep 2223215500
30 Jun 2223226450
31 Mar 2220117400
31 Dec 2119823330
30 Sep 2119029280
30 Jun 2116422240
31 Mar 211187180
31 Dec 201207160
30 Sep 20104-4140
30 Jun 20100-13160
31 Mar 20114-21180
31 Dec 19105-27200
30 Sep 1921359220
30 Jun 19305120200
31 Mar 19355201200
31 Dec 18382231180
30 Sep 18304161150
30 Jun 18226114140
31 Mar 1817835120
31 Dec 17133-8110
30 Sep 17120-17100
30 Jun 1791-46110
31 Mar 1776-42110
31 Dec 1660-41100
30 Sep 1644-61100
30 Jun 1628-8180
31 Mar 1614-73100
31 Dec 155-9490
30 Sep 150-94110

Kaliteli Kazançlar: LGO şu anda kârlı değil.

Büyüyen Kar Marjı: LGO şu anda kârlı değil.

Serbest Nakit Akışı ve Kazanç Analizi

Geçmiş Kazanç Büyüme Analizi

Kazanç Eğilimi: LGO kârlı değildir ve zararlar son 5 yılda yılda 61.3% oranında artmıştır.

Büyüme Hızlandırma: LGO 'un son bir yıldaki kazanç büyümesinin 5 yıllık ortalamasıyla karşılaştırılması mümkün değil çünkü şu anda kârlı değil

Kazançlar vs. Sektör: LGO kârlı olmadığından, geçmiş yıl kazanç büyümesinin Metals and Mining sektörüyle ( 77.8% ) karşılaştırılması zorlaşıyor.

Özkaynak Getirisi

Yüksek ROE: LGO hissesi şu anda kârlı olmadığından negatif Özsermaye Getirisi'ne ( -41.31% ) sahiptir.

Varlık Getirisi

Kullanılan Sermaye Getirisi

Geçmişte güçlü performans gösteren şirketleri keşfedin

7D

1Y

7D

1Y

7D

1Y

Şirket Analizi ve Finansal Veri Durumu

VeriSon Güncelleme (UTC saati)
Şirket Analizi2026/05/22 01:21
Gün Sonu Hisse Fiyatı2026/05/22 00:00
Kazançlar2026/03/31
Yıllık Kazançlar2025/12/31

Veri Kaynakları

Şirket analizimizde kullanılan veriler S&P Global Market Intelligence LLC'den alınmıştır. Bu raporu oluşturmak için analiz modelimizde aşağıdaki veriler kullanılmıştır. Veriler normalize edilmiştir, bu da kaynağın mevcut olmasından kaynaklanan bir gecikmeye neden olabilir.

PaketVeriZaman ÇerçevesiÖrnek ABD Kaynağı *
Şirket Finansalları10 yıl
  • Gelir tablosu
  • Nakit akış tablosu
  • Bilanço
Analist Konsensüs Tahminleri+3 yıl
  • Finansal tahminler
  • Analist fiyat hedefleri
Piyasa Fiyatları30 yıl
  • Hisse senedi fiyatları
  • Temettüler, Bölünmeler ve Eylemler
Sahiplik10 yıl
  • En büyük hissedarlar
  • İçeriden öğrenenlerin ticareti
Yönetim10 yıl
  • Liderlik ekibi
  • Yönetim Kurulu
Önemli Gelişmeler10 yıl
  • Şirket duyuruları

* ABD menkul kıymetleri için örnek, ABD dışı için eşdeğer düzenleyici formlar ve kaynaklar kullanılmıştır.

Belirtilmediği sürece tüm finansal veriler yıllık bir döneme dayanmaktadır ancak üç ayda bir güncellenmektedir. Bu, İzleyen On İki Ay (TTM) veya Son On İki Ay (LTM) Verileri olarak bilinir. Daha fazla bilgi edinin.

Analiz Modeli ve Kar Tanesi

Bu raporu oluşturmak için kullanılan analiz modelinin ayrıntılarına GitHub sayfamızdan ulaşabilirsiniz, ayrıca raporlarımızı nasıl kullanacağınızı anlatan kılavuzlarımız ve Youtube'da eğitim videolarımız da bulunmaktadır.

Simply Wall St analiz modelini tasarlayan ve oluşturan dünya standartlarındaki ekip hakkında bilgi edinin.

Endüstri ve Sektör Metrikleri

Sektör ve bölüm metriklerimiz Simply Wall St tarafından her 6 saatte bir hesaplanmaktadır, sürecimizin ayrıntıları Github'da mevcuttur.

Analist Kaynakları

Largo Inc. 4 Bu analistlerden 1, raporumuzun girdisi olarak kullanılan gelir veya kazanç tahminlerini sunmuştur. Analistlerin gönderimleri gün boyunca güncellenmektedir.

AnalistKurum
Bryce AdamsCIBC Capital Markets
Philip WilliamsClarus Securities Inc.
Heiko IhleH.C. Wainwright & Co.