On April 29, lithium stocks rallied on the news of China's recently issued automobile subsidy. Consumers who trade in an older vehicle and buy a new vehicle that meets energy-saving requirements, including electric vehicles, can get a subsidy of up to CNY 10,000 (about $1,381) to reduce the purchase price through the end of 2024.
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
|
ALB
|
LAAC
|
|---|---|---|---|
Price/Earnings (Normalized) | — | 10.52 | 161.16 |
Price/Book Value | 1.78 | 1.62 | 0.99 |
Price/Sales | — | 1.79 | — |
Price/Cash Flow | — | 10.01 | 0.66 |
|
Metric
|
LAC
|
ALB
|
LAAC
|
|---|---|---|---|
Quick Ratio | 8.14 | 1.64 | 8.70 |
Current Ratio | 8.38 | 2.84 | 9.16 |
Interest Coverage | −21.85 | −7.94 | −0.06 |
|
Metric
|
LAC
|
ALB
|
LAAC
|
|---|---|---|---|
Return on Assets (Normalized) | −6.91% | 7.72% | 0.39% |
Return on Equity (Normalized) | −6.69% | 15.06% | 0.49% |
Return on Invested Capital (Normalized) | −8.79% | 10.72% | −1.09% |
|
Ticker
|
Name
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|
BHPLF
| BHP Group Ltd | RZD | Dlxb | $141.1 Bil | |
BHP
| BHP Group Ltd ADR | Jcvqkmgw | Gyfvs | $141.1 Bil | |
RTNTF
| Rio Tinto Ltd | — | Vhpxr | $137.9 Bil | |
RIO
| Rio Tinto PLC ADR | Ybwcwhtcr | Bnlt | $111.3 Bil | |
VALE
| Vale SA ADR | Pmr | Xgwj | $52.6 Bil | |
NGLOY
| Anglo American PLC ADR | Pqrqnjtb | Zvxw | $45.2 Bil | |
TECK
| Teck Resources Ltd Class B (Sub Voting) | Rwjxfhq | Qxyr | $25.6 Bil | |
LAAC
| Lithium Americas (Argentina) Corp | Qndxdgkx | Szwsqn | $825.9 Mil | |
CMP
| Compass Minerals International Inc | Psslwkrs | Fnfsd | $526.7 Mil |
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