LIONTOWN RESOURCES LIMITED (LTR)
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LTR - LIONTOWN RESOURCES LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -7.8
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.58

16 Jan
2025

0.000

OPEN

$0.59

0.000

HIGH

$0.60

9,153,623

LOW

$0.58

TARGET
$0.72

-0.02 change from previous day

24.1% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
LTR: 1
Title FY23
Actual
FY24
Actual
FY25
Forecast
FY26
Forecast
EPS (cps) xxx - 2.8 - 2.4 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 © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-2.8
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx31.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-47.0 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-10.64 %
Return on Invested Capital xxxxxxxxxxxxxxx-7.24 %
Return on Assets xxxxxxxxxxxxxxx-6.36 %
Return on Equity xxxxxxxxxxxxxxx-10.64 %
Return on Total Capital xxxxxxxxxxxxxxx-6.72 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-712.7 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 xxxxxxxxxxxxxxx7 M
Long Term Debt xxxxxxxxxxxxxxx454 M
Total Debt xxxxxxxxxxxxxxx461 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx123 M
Price To Book Value xxxxxxxxxxxxxxx2.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx665.7 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx1 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx59 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx1 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

-0.2

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

3

xxxxxxx xx xxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Citi

20/12/2024

3

Upgrade to Neutral from Sell

$0.60

3.45%

Citi acknowledges it has been a challenging year for lithium companies, underperforming the physical commodity. Juniors/developers have declined -70%, with producers down between -40% and -50% year-to-date.

Valuations appear more "reasonable," but the analyst struggles to identify a re-rating catalyst, aside from a post-Chinese New Year restock.

The broker prefers Pilbara Minerals ((PLS)), a net cash producer, for lithium exposure in the ASX200. In small caps, Citi favours Patriot Battery Metals ((PMT)) for its "strategic appeal."

Citi upgrades Liontown Resources to Neutral from Sell, downgrades the target to 60c from 75c, and retains concerns around costs.

FORECAST
Citi forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.00 cents.
Citi forecasts a full year FY26 dividend of 0.00 cents and EPS of 0.00 cents.

Bell Potter

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

5

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

Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Jarden

14/11/2024

4

Underweight

$0.68

17.24%

Jarden notes a recent optimisation study for Liontown Resources' Kathleen Valley project, identified -$100m in cost savings and targets higher-grade ore to manage unit costs.

Production guidance for H2 of FY25 is set at 170-185kt of spodumene concentrate, with costs (AISC) expected to range from $1,170-1,290/dmt.

The broker highlights a risk of a liquidity shortfall by mid-2025 if lithium prices don’t recover to sustain operations. Longer-term stability depends on achieving steady-state production and higher concentrate grades as the mine develops.

Jarden maintains an Underweight rating on Liontown Resources, with a target price of 68c.

FORECAST
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -6.00 cents.
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -1.20 cents.

Petra Capital

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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