ARCADIUM LITHIUM PLC (LTM)
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LTM - ARCADIUM LITHIUM PLC

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 0.6
Index: ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$5.00

25 Jul
2024

-0.110

OPEN

$4.96

-2.15%

HIGH

$5.04

1,116,618

LOW

$4.96

TARGET
$8.375 67.5% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
LTM: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 46.3 12.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx 26.1% - 72.1% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 40.0 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 20222023
EPS Basic xxx46.3
DPS All xxx0.0
Sales/Revenue xxx1,329.5 M
Book Value Per Share xxx243.4
Net Operating Cash Flow xxx447.9 M
Net Profit Margin xxx37.41 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 20222023
Return on Capital Employed xxx20.97 %
Return on Invested Capital xxx17.91 %
Return on Assets xxx12.76 %
Return on Equity xxx20.97 %
Return on Total Capital xxx22.59 %
Free Cash Flow ex dividends xxx-44.9 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 20222023
Short-Term Debt xxx5 M
Long Term Debt xxx447 M
Total Debt xxx453 M
Goodwill - Gross xxx-
Cash & Equivalents - Generic xxx348 M
Price To Book Value xxx4.61

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 20222023
Capex xxx492.8 M
Capex % of Sales xxx37.07 %
Cost of Goods Sold xxx515 M
Selling, General & Admin. Exp & Other xxx104 M
Research & Development xxx9 M
Investments - Total xxx51 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

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Citi

19/06/2024

1

Buy

$9.40

88.00%

Shares in Arcadium Lithium continue to underperform relative to US peers and Citi analysts report there's a short seller's report in the public arena that is attracting investor's attention.

The broker has contacted management at the lithium company and, of course, all allegations have been flat out rejected. One of the more contentious issues seems to be water availability and intensity.

Citi analysts report they will receive more clarification on this matter.

The Buy rating and $9.40 target are maintained. Citi’s house view is for lithium prices to move sideways to lower over the next 3-6 months until supply cuts re-balance the market.

FORECAST
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 12.40 cents.
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of 33.40 cents.

Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
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

Goldman Sachs

18/07/2024

3

Neutral

$6.35

27.00%

It is too early to call the bottom of the lithium bear market, declares Goldman Sachs. Estimates for ASX-listed Lithium sector stocks under coverage are updated to reflect lithium/nickel pricing updates and company specific changes.

The broker anticipates significant downside risk to lithium prices due to oversupply, and accordingly lowers forecasts over 2024 with the 2025 estimate unchanged.

The broker considers Arcadium Lithium's lithium to be fair, reflecting upcoming execution risk and Goldman Sachs would appreciate greater clarity surround contract support for realised pricing.

Neutral rating retained. Target price rises 2% to $6.35.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of 2.90 cents.
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.90 cents.
Access Stockbroker Research History >

LTM STOCK CHART

FNArena News on LTM

1
Australian Broker Call *Extra* Edition – Jul 18, 2024

Jul 18 2024 - Daily Market Reports
2
Rudi’s View: Rate Cuts, Growth & Small Caps

Jul 18 2024 - Rudi's View
3
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories
4
Rudi’s View: Gold, Healthcare, Staples & Copper

Jul 11 2024 - Rudi's View
5
ESG Focus: Mine Safety, Water & Diversity

Jul 08 2024 - ESG Focus

Latest New Battery Elements News

1
Patriot Battery Minerals: The Long Game

Jul 22 2024 - Commodities
2
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories
3
Australian Broker Call *Extra* Edition – Jul 01, 2024

Jul 01 2024 - Daily Market Reports
4
Treasure Chest: A Bottom For Lithium?

Feb 05 2024 - Treasure Chest
5
Tough Times For IGO

Feb 01 2024 - Australia
6
ESG Focus: The Little Big Things – 31-10-2023

Nov 01 2023 - ESG Focus
7
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
8
ESG Focus: Grid Battery Innovation Barrelling Down

Sep 07 2023 - ESG Focus
9
Allkem: On The Move

Sep 05 2023 - Technicals
10
The Short Report – 24 Aug 2023

Aug 24 2023 - Weekly Reports