Lithium prices are at multiyear lows due to oversupply. The issue is driven by supply growth. Demand is growing at a mid-teens percentage, due to higher global electric vehicle sales and the buildout of energy storage systems. However, a wave of new supply exceeded demand growth driving prices down.
As a lithium pure play, Lithium Americas is well positioned to increase profits from EV growth through lithium batteries.
Thacker Pass is a new greenfield lithium project that will likely face delays and cost overruns, similar to other greenfield projects in the industry.
|
Metric
|
LAC
|
LAAC
|
ALTM
|
|---|---|---|---|
Price/Earnings (Normalized) | — | — | 8.38 |
Price/Book Value | 0.89 | 0.63 | 0.53 |
Price/Sales | — | — | 2.77 |
Price/Cash Flow | — | 0.43 | 22.47 |
|
Metric
|
LAC
|
LAAC
|
ALTM
|
|---|---|---|---|
Quick Ratio | 19.85 | 0.51 | 1.41 |
Current Ratio | 20.14 | 0.51 | 2.26 |
Interest Coverage | −1,383.24 | −1.17 | — |
|
Metric
|
LAC
|
LAAC
|
ALTM
|
|---|---|---|---|
Return on Assets (Normalized) | −10.26% | −1.22% | 4.76% |
Return on Equity (Normalized) | −8.94% | −1.50% | 7.45% |
Return on Invested Capital (Normalized) | −13.34% | −3.41% | 6.01% |
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1-Day Chart
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Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| BHP Group Ltd
BHPLF
| W | Zylvvp | $154.8 Bil | |||
| BHP Group Ltd ADR
BHP
| Vtlhvfv | Cqm | $154.8 Bil | |||
| Rio Tinto Ltd
RTNTF
| — | Ngrgt | $137.6 Bil | |||
| Rio Tinto PLC ADR
RIO
| Zkcqqtl | Dwbs | $113.0 Bil | |||
| Vale SA ADR
VALE
| Hmkj | Dzgb | $48.7 Bil | |||
| Anglo American PLC ADR
NGLOY
| Jdpzwzln | Xngd | $38.7 Bil | |||
| Teck Resources Ltd Class B (Sub Voting)
TECK
| Kzbspjx | Ntpgc | $27.0 Bil | |||
| Lithium Americas (Argentina) Corp
LAAC
| Qbshvkjv | Zwcqnbd | $521.4 Mil | |||
| Compass Minerals International Inc
CMP
| Dshbwqmvt | Vxhddwt | $498.5 Mil |
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United States