LAKE RESOURCES N.L. (LKE)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

LKE - LAKE RESOURCES N.L.

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.05
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.04

23 Dec
2024

-0.001

OPEN

$0.04

-2.44%

HIGH

$0.04

1,365,293

LOW

$0.04

TARGET
$0.048 20.0% upside
OTHER COMPANIES IN THE SAME SECTOR
A11 . A4N . AGY . ASN . AZL . BKT . BSX . CXO . DLI . EMN . GL1 . GLN . GT1 . INR . JRV . LEL . LLL . LPD . LTM . LTM . LTR . MNS . NMT . NVX . PLL . PLS . PSC . RNU . SRL . SYA . SYR . TLG . VR8 . VUL . WC8 . WIN . WR1 .
FNARENA'S MARKET CONSENSUS FORECASTS
LKE: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 3.5 - 0.9 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-3.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx9.2
Net Operating Cash Flow xxxxxxxxxxxxxxx-39.8 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-32.34 %
Return on Invested Capital xxxxxxxxxxxxxxx-32.06 %
Return on Assets xxxxxxxxxxxxxxx-28.27 %
Return on Equity xxxxxxxxxxxxxxx-32.34 %
Return on Total Capital xxxxxxxxxxxxxxx-30.87 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-40.5 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 xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx23 M
Price To Book Value xxxxxxxxxxxxxxx0.43

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx39.9 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx51 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

0.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Bell Potter

08/10/2024

3

Hold

$0.048

20.00%

Bell Potter has downgraded lithium price forecasts due to the current supply/demand outlook. The broker anticipates supply deficits will now develop a year later than previously forecast in 2027. Higher incentive prices are expected from 2026.

The broker observes Lake Resources had net cash of $23m at June 30, no debt. Cost outs at the corporate level and project expenditure are anticipated to support funding availability until mid-2025.

Environmental approval for Kachi project is expected in March 2025. The offtake agreement is developing with a strategic partner, the analyst highlights.

No change to Hold rating. Target price falls to 4.8c from 12c.

FORECAST
Bell Potter forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -0.90 cents.
Bell Potter forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.20 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

01/08/2024

1

Speculative Buy

$0.05

25.00%

Canaccord Genuity adjusts ratings and targets for the lithium exposed companies due to the continued oversupply conditions and the weaker growth in demand.

The broker has "flat lined" its price forecast until 2026 and sees the SC6 pricing in a range between US$1000-US$1500t until 2027.

A Speculative Buy rating remains and the target price declines to 5c from 25c.
Access Extra Coverage Research History >

LKE STOCK CHART

FNArena News on LKE

1
Australian Broker Call *Extra* Edition – Aug 01, 2024

Aug 01 2024 - Daily Market Reports
2
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
3
Next Week At A Glance – 2-6 Oct 2023

Sep 29 2023 - Weekly Reports
4
The Short Report – 28 Sep 2023

Sep 28 2023 - Weekly Reports
5
Australian Broker Call *Extra* Edition – Sep 18, 2023

Sep 18 2023 - Daily Market Reports

Latest New Battery Elements News

1
In Brief: Lithium, Brazilian Rare Earths & Fineos

Oct 18 2024 - Weekly Reports
2
Patriot Battery Minerals: The Long Game

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