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Lithium Americas Corp LAC

Morningstar Rating
$5.28 +0.52 (10.92%)
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Company Report

Price vs Fair Value

LAC is trading at a 76% discount.
Price
$4.76
Fair Value
$58.00
Uncertainty
Very High
1-Star Price
$23.00
5-Star Price
$49.00
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

As a lithium pure play, Lithium Americas is well positioned to increase profits from EV growth through lithium batteries.

Bears

Thacker Pass is a new greenfield lithium project that will likely face delays and cost overruns, similar to other greenfield projects in the industry.

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News

Trading Information

Previous Close Price
$4.76
Day Range
$4.905.37
52-Week Range
$3.8212.35
Bid/Ask
$5.26 / $5.28
Market Cap
$853.33 Mil
Volume/Avg
1.6 Mil / 2.8 Mil

Key Statistics

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

Company Profile

Lithium Americas is a pure-play lithium producer. The firm owns one resource, Thacker Pass, that is located in northwest Nevada. Thacker Pass recently began construction and is expected to begin production in the mid-2020s. Thacker Pass is one of the largest known lithium resources in the world. The project would be the first clay-based asset to enter production, and we estimate it will be in bottom half of the global cost curve. Management plans to develop Thacker Pass into a fully integrated lithium production site, with downstream refining capabilities on site, and will sell into the lithium chemical market.
Sector
Basic Materials
Industry
Other Industrial Metals & Mining
Stock Style Box
Total Number of Employees

Competitors

Valuation

Metric
LAC
LAAC
ALTM
Price/Earnings (Normalized)
6.35
Price/Book Value
0.601.28
Price/Sales
2.82
Price/Cash Flow
6.03
Price/Earnings
LAC
LAAC
ALTM

Financial Strength

Metric
LAC
LAAC
ALTM
Quick Ratio
3.103.091.90
Current Ratio
3.3812.433.46
Interest Coverage
−1.85
Quick Ratio
LAC
LAAC
ALTM

Profitability

Metric
LAC
LAAC
ALTM
Return on Assets (Normalized)
0.81%−5.06%18.77%
Return on Equity (Normalized)
0.78%−6.30%26.41%
Return on Invested Capital (Normalized)
−0.29%−7.47%22.73%
Return on Assets
LAC
LAAC
ALTM
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