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Lithium Americas Corp LAC

Morningstar Rating
CAD 3.68 +0.05 (1.38%)
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Company Report

Price vs Fair Value

LAC is trading within a range we consider fairly valued.
Price
CAD 3.68
Fair Value
CAD 97.00
Uncertainty
Very High
1-Star Price
CAD 43.00
5-Star Price
CAD 9.00
Economic Moat
Wwq
Capital Allocation
Mqnsqscm

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
CAD 3.63
Day Range
CAD 3.583.68
52-Week Range
CAD 3.4317.00
Bid/Ask
CAD 3.64 / CAD 3.69
Market Cap
CAD 799.19 Mil
Volume/Avg
100,809 / 901,993

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- to late 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)
4.27
Price/Book Value
1.090.630.60
Price/Sales
1.96
Price/Cash Flow
0.4310.84
Price/Earnings
LAC
LAAC
ALTM

Financial Strength

Metric
LAC
LAAC
ALTM
Quick Ratio
6.710.461.30
Current Ratio
6.940.461.98
Interest Coverage
0.11
Quick Ratio
LAC
LAAC
ALTM

Profitability

Metric
LAC
LAAC
ALTM
Return on Assets (Normalized)
−4.21%−0.26%6.80%
Return on Equity (Normalized)
−3.79%−0.33%10.45%
Return on Invested Capital (Normalized)
−6.16%−1.86%8.49%
Return on Assets
LAC
LAAC
ALTM
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