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: -3.59
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.915

25 Jul
2024

-0.050

OPEN

$0.96

-5.18%

HIGH

$0.97

12,494,499

LOW

$0.91

TARGET
$1.133 23.9% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
LTR: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 1.0 - 2.3 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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-1.0
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx0.0 M
Book Value Per Share xxxxxxxxxxxxxxx20.4
Net Operating Cash Flow xxxxxxxxxxxxxxx-16.4 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-4.85 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.29 %
Return on Assets xxxxxxxxxxxxxxx-3.89 %
Return on Equity xxxxxxxxxxxxxxx-4.85 %
Return on Total Capital xxxxxxxxxxxxxxx-6.58 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-249.0 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx120 M
Total Debt xxxxxxxxxxxxxxx121 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx305 M
Price To Book Value xxxxxxxxxxxxxxx13.86

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx232.7 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx34 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

0.3

No. Of Recommendations

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

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxxxxxx xxx

$xx.xx

xx.xx%

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Macquarie

03/07/2024

3

Neutral

$1.00

9.29%

Liontown Resources issued US$250m ($379m) in convertible notes to its offtake partner LG Energy Solution, including an extension in LG's offtake agreement to 15 from five years with Kathleen Valley including a downstream collaboration.

Macquarie points to the 99% completion of the Kathleen Valley project with first production expected by late July and remaining capital costs of -$120m, with this issue viewed positively, providing an additional $129m in available debt capital.

Accounting for the higher interest costs, the analyst lowers EPS forecasts by -4% to -9% for FY25-29, which results in the target price moving down -5% to $1.00.

The broker has lowered its target price to $1.00 from $1.05 due to increased debt servicing costs. No significant updates have been made to financial forecasts.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -2.70 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.20 cents.

UBS

xx/xx/xxxx

3

xxxxxxxxx xx xxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

4

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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Wilsons

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Jarden

09/07/2024

4

Underweight

$1.00

9.29%

A US$250m convertible note, in combination with the fully drawn $300m Ford facility, represents around $680m of debt funding, which Jarden explains is in excess of the $550m syndicated facility which is to be cancelled.

The broker considers the convertible notes issue to LG Energy Solutions should create strong alignment between the parties and ensure successful delivery of a viable operation at Kathleen Valley.

The Underweight rating is unchanged and the target eases to $1.00 from $1.03.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -2.60 cents.
Jarden forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -4.10 cents.

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >

LTR STOCK CHART

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