ELEVRA LITHIUM LIMITED (ELV)
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ELV

ELV - ELEVRA LITHIUM LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : NONE
Debt/EBITDA: -2.85
Index: ASX200 | ASX300 | ALL-ORDS

Elevra Lithium is a lithium producer and developer with mining, processing and development assets in North America and Australia.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.57

05 Nov
2026

0.530

OPEN

$3.25

17.43%

HIGH

$3.64

3,771,260

LOW

$3.25

TARGET
$8.95 150.7% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
ELV: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 40.7 - 8.2 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 © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx40.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx210.9 M
Book Value Per Share xxxxxxxxxxxxxxx546.6
Net Operating Cash Flow xxxxxxxxxxxxxxx-64.3 M
Net Profit Margin xxxxxxxxxxxxxxx30.13 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx8.65 %
Return on Invested Capital xxxxxxxxxxxxxxx8.33 %
Return on Assets xxxxxxxxxxxxxxx6.29 %
Return on Equity xxxxxxxxxxxxxxx8.65 %
Return on Total Capital xxxxxxxxxxxxxxx-8.67 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-99.8 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx71 M
Long Term Debt xxxxxxxxxxxxxxx42 M
Total Debt xxxxxxxxxxxxxxx113 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx368 M
Price To Book Value xxxxxxxxxxxxxxx1.76

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx36.2 M
Capex % of Sales xxxxxxxxxxxxxxx17.16 %
Cost of Goods Sold xxxxxxxxxxxxxxx292 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx-7 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx13 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

2
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Macquarie

28/10/2026

1

Outperform

$9.00

152.10%

Elevra Lithium delivered first quarter production of 54,900t that beat Macquarie's estimates. Spodumene price forecasts are reduced by -31%-36% for the four quarters to September 2027, averaging US$1,255/t.

Ore mined was a record 466,000t, up 25% on the quarter. The broker assesses the company offers significant operating leverage to lithium prices, with unit costs and realised pricing the key variables.

Outperform rating. Target is lowered to $9.00 from $11.50.

FORECAST
Macquarie forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -16.50 cents.
Macquarie forecasts a full year FY28 dividend of 0.00 cents and EPS of minus -12.90 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Canaccord Genuity

30/10/2026

1

Buy

$15.35

329.97%

Canaccord Genuity maintains a Buy rating for Elevra Lithium with its target price at $15.35 following a September quarter report featuring spodumene production of 54.9kt ahead of expectations alongside cash costs of US$780/t falling below forecasts.

Canaccord Genuity highlights closing cash of US$319m, which was bolstered by operating cash flow, convertible note receipts, and post-quarter proceeds from the Ewoyaa project sale.

Commentary highlights pro-forma cash of approximately US$380m provides adequate funding to complete the North American Lithium expansion and cover Moblan study costs.

The analyst notes a recent binding offtake agreement with LG Energy and new pricing structures should help align realised pricing with broader market levels after historical lags.

FORECAST
Canaccord Genuity forecasts a full year FY27 dividend of 0.00 cents and EPS of 31.00 cents.
Canaccord Genuity forecasts a full year FY28 dividend of 0.00 cents and EPS of 60.00 cents.
Access Extra Coverage Research History >

ELV STOCK CHART

FNArena News on ELV

1
Australian Broker Call *Extra* Edition – Oct 30, 2026

Oct 30 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 09-10-26

Oct 12 2026 - Weekly Reports
3
Australian Broker Call *Extra* Edition – Sep 10, 2026

Sep 10 2026 - Daily Market Reports
4
Australian Broker Call *Extra* Edition – Sep 01, 2026

Sep 01 2026 - Daily Market Reports
5
FNArena Corporate Results Monitor – 31-08-2026

Aug 31 2026 - Australia

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