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Lithium Americas (Argentina) Corp LAAC

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Stock XNYS Rating as of
$5.25 +0.36 (7.36%)
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As of Delayed Price Closed
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Company Report

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Lithium Argentina Earnings: Cauchari-Olaroz Continues Production Ramp-Up

Seth Goldstein, Samuel Siampaus

Our key takeaway from Lithium Argentina’s 2023 fourth-quarter results was the company's continued ramp-up on its first lithium project, Cauchari-Olaroz, which began production in late 2023. After reviewing the quarterly results and outlook for Cauchari-Olaroz and updating our model, we're maintaining our USD 25/CAD 33 fair value estimate. Our narrow moat rating is also unchanged.

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Price vs Fair Value

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LAAC is trading within a range we consider fairly valued.
Price
$5.07
Fair Value
$78.00
Uncertainty
Very High
1-Star Price
$73.52
5-Star Price
$56.90
Economic Moat
Lxmnkw
Capital Allocation
Wgmcsjlg

Bulls Say, Bears Say

Bulls

Lithium Argentina will become a low-cost lithium producer generating profitability regardless of lithium prices.

Bears

Lithium prices will fall as new supply comes online faster than demand, which will weigh on profitability. Lithium Argentina’s investment in its two projects will prove value-destructive in the wake of lower prices.

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Trading Information

Previous Close Price
$4.89
Day Range
$4.91–5.31
52-Week Range
$3.84–8.79
Bid/Ask
$5.14 / $5.24
Market Cap
$844.20 Mil
Volume/Avg
1.3 Mil / 1.7 Mil

Key Statistics

Price/Earnings (Normalized)
165.26
Price/Sales
—
Dividend Yield (Trailing)
—
Dividend Yield (Forward)
—
Total Yield
—

Company Profile

Lithium Argentina is a pure-play lithium producer. The company owns two neighboring lithium brine resources in northwest Argentina: Cauchari-Olaroz and Pastos Grandes. Cauchari-Olaroz entered production in 2023, while Pastos Grandes is still in development. Lithium Argentina plans for both resources to be fully integrated with onside downstream processing capabilities and will sell into the lithium chemical market.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Small Growth
Total Number of Employees
850
Website
https://www.lithium-argentina.com

Competitors

Valuation

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Metric
LAAC
ALB
ALTM
Price/Earnings (Normalized)
 165.265.184.90
Price/Book Value
 1.021.440.99
Price/Sales
 —1.412.17
Price/Cash Flow
 0.684.784.65
Price/Earnings
LAAC
ALB
ALTM

Financial Strength

Metric
LAAC
ALB
ALTM
Quick Ratio
 8.700.771.90
Current Ratio
 9.161.473.46
Interest Coverage
 −0.062.71—
Quick Ratio
LAAC
ALB
ALTM

Profitability

Metric
LAAC
ALB
ALTM
Return on Assets (Normalized)
 0.39%14.67%18.77%
Return on Equity (Normalized)
 0.49%28.28%26.41%
Return on Invested Capital (Normalized)
 −1.09%20.38%22.73%
Return on Assets
LAAC
ALB
ALTM
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