CORE LITHIUM LIMITED (CXO)
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CXO - CORE LITHIUM LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.11
Index: ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.094

30 Aug
2024

0.001

OPEN

$0.09

1.08%

HIGH

$0.10

10,909,565

LOW

$0.09

TARGET
$0.093 -0.7% downside
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FNARENA'S MARKET CONSENSUS FORECASTS
CXO: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx 0.7 - 3.7 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 xxxxxxxxxxxxxxx0.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx50.6 M
Book Value Per Share xxxxxxxxxxxxxxx19.1
Net Operating Cash Flow xxxxxxxxxxxxxxx90.8 M
Net Profit Margin xxxxxxxxxxxxxxx21.36 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx3.64 %
Return on Invested Capital xxxxxxxxxxxxxxx3.52 %
Return on Assets xxxxxxxxxxxxxxx2.83 %
Return on Equity xxxxxxxxxxxxxxx3.64 %
Return on Total Capital xxxxxxxxxxxxxxx5.30 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-59.8 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx3 M
Long Term Debt xxxxxxxxxxxxxxx19 M
Total Debt xxxxxxxxxxxxxxx23 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx153 M
Price To Book Value xxxxxxxxxxxxxxx4.71

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx165.6 M
Capex % of Sales xxxxxxxxxxxxxxx327.30 %
Cost of Goods Sold xxxxxxxxxxxxxxx20 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx14 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

-0.7

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Macquarie

18/07/2024

3

Neutral

$0.10

6.38%

Management at Core Lithium had already pre-reported 4Q production numbers. Operating costs were materially better than Macquarie was expecting as there were no mining costs incurred during the period. The cash position is considered solid and there is no debt.

The Finniss mine has now been transitioned into care and maintenance and the company is pivoting back to being an explorer during FY25, explains the broker.

Neutral rating. The target rises to 10c from 9c due to a short-term uplift for the broker's EPS forecast and a valuation roll-forward.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -3.40 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -1.20 cents.

Citi

xx/xx/xxxx

5

xxxx

$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

Canaccord Genuity

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Jarden

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Goldman Sachs

18/07/2024

3

Upgrade to Neutral from Sell

$0.08

-14.89%

Goldman Sachs reviews the lithium market, observing that lithium companies' share prices continue to de-rate despite having outperformed global peers (and the underlying commodities market) in the past year.

The broker spies no solid support in the near term and forecasts near-term pricing weakness through to December 2025 given continued additions to the market surplus as new projects continue to be proposed or progressed and the brokers observes narrowing premiums and widening discounts at auctions.

The broker upgrades Core Lithium to Neutral from Sell believing production restart risk has been priced in; given the company now holds cash equivalent to 40% of its market capitalisation; and given it is trading at discount to peers given the -76% fall in its share price.

But the broker cuts its target price to 8c from 12c, expecting potential benefits from easing inflation and ongoing exploration wont hit any time soon.

FORECAST
Goldman Sachs forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -1.00 cents.
Goldman Sachs forecasts a full year FY25 dividend of 0.00 cents and EPS of 0.00 cents.

Wilsons

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

CXO STOCK CHART

FNArena News on CXO

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

Aug 01 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Jul 25, 2024

Jul 25 2024 - Daily Market Reports
3
In Case You Missed It – BC Extra Upgrades & Downgrades – 19-07-24

Jul 19 2024 - Weekly Reports
4
Australian Broker Call *Extra* Edition – Jul 18, 2024

Jul 18 2024 - Daily Market Reports
5
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories

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