CORE LITHIUM LIMITED (CXO)
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CXO - CORE LITHIUM LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.07
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.099

20 Nov
2024

-0.006

OPEN

$0.11

-5.71%

HIGH

$0.11

8,074,977

LOW

$0.10

TARGET
$0.09 -9.1% downside
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FNARENA'S MARKET CONSENSUS FORECASTS
CXO: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 9.9 - 0.4 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-9.9
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx189.5 M
Book Value Per Share xxxxxxxxxxxxxxx12.0
Net Operating Cash Flow xxxxxxxxxxxxxxx-77.9 M
Net Profit Margin xxxxxxxxxxxxxxx-109.25 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-67.67 %
Return on Invested Capital xxxxxxxxxxxxxxx-65.27 %
Return on Assets xxxxxxxxxxxxxxx-50.06 %
Return on Equity xxxxxxxxxxxxxxx-67.67 %
Return on Total Capital xxxxxxxxxxxxxxx-26.60 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-138.6 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx3 M
Total Debt xxxxxxxxxxxxxxx4 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx88 M
Price To Book Value xxxxxxxxxxxxxxx0.77

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx87.2 M
Capex % of Sales xxxxxxxxxxxxxxx46.03 %
Cost of Goods Sold xxxxxxxxxxxxxxx224 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx50 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx0 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

-1.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

5

xxxxxxxxx xx xxxxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

22/07/2024

5

Sell

$0.09

-9.09%

Ord Minnett observes a reopening of Core Lithium's Northern Territory Finniss mine will rely on a recovery in demand for and price of spodumene (all-in-sustaining costs currently outpace the spodumene price).

The broker expects the appointment of Paul Brown as CEO, previously Hastings Technology Metals ((HAS)), should improve focus on assets, and the broker observes the company's cash burn has been reduced.

Sell rating and 9c target price are retained.

Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

31/10/2024

5

Sell

$0.07

-29.29%

"Give me a reason, " says Jarden, as it retains a Sell rating on Core Lithium post its Sep Q update. The miner's Finniss lithium operation remains on care and maintenance.

The broker comments the reserves statement released last month provided the early framework for a restart, inclusive of refreshed unit cost and capex assumptions.

Jarden's revised modelling following the Sep Q release introduces an estimated need for some -$250m in new funding and working capital. Target falls to 7c from 8c.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.60 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.60 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Extra Coverage Research History >

CXO STOCK CHART

FNArena News on CXO

1
Australian Broker Call *Extra* Edition – Oct 31, 2024

Oct 31 2024 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 18-10-24

Oct 21 2024 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Oct 14, 2024

Oct 14 2024 - Daily Market Reports
4
In Case You Missed It – BC Extra Upgrades & Downgrades – 27-09-24

Sep 27 2024 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Sep 26, 2024

Sep 26 2024 - Daily Market Reports

Latest New Battery Elements News

1
In Brief: Lithium, Brazilian Rare Earths & Fineos

Oct 18 2024 - Weekly Reports
2
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Jul 22 2024 - Commodities
3
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories
4
Australian Broker Call *Extra* Edition – Jul 01, 2024

Jul 01 2024 - Daily Market Reports
5
Treasure Chest: A Bottom For Lithium?

Feb 05 2024 - Treasure Chest
6
Tough Times For IGO

Feb 01 2024 - Australia
7
ESG Focus: The Little Big Things – 31-10-2023

Nov 01 2023 - ESG Focus
8
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
9
ESG Focus: Grid Battery Innovation Barrelling Down

Sep 07 2023 - ESG Focus
10
Allkem: On The Move

Sep 05 2023 - Technicals