Financials Arcadium Lithium plc Australian S.E.

Equities

LTM

AU0000305724

Specialty Chemicals

Market Closed - Australian S.E. Other stock markets 02:10:06 2024-07-16 am EDT			5-day change	1st Jan Change
5.2 ^AUD	-1.52%		+5.48%	-53.61%

Jul. 11	In lithium industry first, IBAT commercializes new extraction technology	RE
Jul. 10	KeyBanc Adjusts Price Target on Arcadium Lithium to $9 From $11, Maintains Overweight Rating	MT

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	1,248	2,756	3,939	3,564	3,235	3,860	-	-
Enterprise Value (EV) ¹	1,386	2,981	4,067	3,617	3,299	4,268	4,707	4,897
P/E ratio	25.1 x	-145 x	7,396 x	14.6 x	4.73 x	15.2 x	8.38 x	4.49 x
Yield	-	-	-	-	-	-	-	-
Capitalization / Revenue	3.21 x	9.56 x	9.37 x	4.38 x	3.67 x	3.3 x	2.44 x	1.75 x
EV / Revenue	3.57 x	10.3 x	9.67 x	4.45 x	3.74 x	3.65 x	2.97 x	2.22 x
EV / EBITDA	13.9 x	134 x	58.5 x	9.86 x	6.57 x	8.85 x	6.31 x	4.02 x
EV / FCF	-11 x	-25.3 x	-38.5 x	30.7 x	-111 x	-11.4 x	-18.2 x	-78.6 x
FCF Yield	-9.11%	-3.95%	-2.59%	3.26%	-0.9%	-8.78%	-5.5%	-1.27%
Price to Book	2.29 x	4.87 x	5.48 x	2.78 x	0.68 x	0.58 x	0.57 x	0.57 x
Nbr of stocks (in thousands)	351,230	352,004	388,749	431,573	432,889	1,075,211	-	-
Reference price ²	3.554	7.830	10.13	8.259	7.473	3.590	3.590	3.590
Announcement Date	2/20/20	2/18/21	2/17/22	2/14/23	2/22/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	388.4	288.2	420.4	813.2	882.5	1,169	1,585	2,211
EBITDA ¹	99.8	22.3	69.5	366.7	502.5	482.2	745.8	1,218
EBIT ¹	78.9	-2.7	44.4	339	472.9	305.3	580.3	966.4
Operating Margin	20.31%	-0.94%	10.56%	41.69%	53.59%	26.12%	36.61%	43.71%
Earnings before Tax (EBT) ¹	57.8	-25.4	23.9	335.4	389	419.1	576.6	889
Net income ¹	50.2	-18.9	0.6	273.5	330.1	259.6	484.1	669.3
Net margin	12.92%	-6.56%	0.14%	33.63%	37.41%	22.21%	30.54%	30.27%
EPS ²	0.1413	-0.0540	0.001370	0.5652	1.580	0.2363	0.4286	0.7988
Free Cash Flow ¹	-126.2	-117.7	-105.5	117.8	-29.8	-374.6	-258.7	-62.33
FCF margin	-32.49%	-40.84%	-25.1%	14.49%	-3.38%	-32.06%	-16.32%	-2.82%
FCF Conversion (EBITDA)	-	-	-	32.12%	-	-	-	-
FCF Conversion (Net income)	-	-	-	43.07%	-	-	-	-
Dividend per Share ²	-	-	-	-	-	-	-	-
Announcement Date	2/20/20	2/18/21	2/17/22	2/14/23	2/22/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2024 S2	2025 Q1	2025 Q2
Net sales ¹	122.9	143.5	218.7	231.6	219.4	253.5	235.8	211.4	181.8	261.2	254.2	265.5	287.1	-	321.6	366.5
EBITDA ¹	27.5	53.3	95	110.8	107.6	157.4	134.5	119.7	90.9	108.8	98.84	108.8	130.8	-	163.4	176.5
EBIT ¹	21.1	46.9	88.6	104.2	99.3	150.6	127.5	112	82.8	91.6	80.16	82.79	97.84	-	124.3	141
Operating Margin	17.17%	32.68%	40.51%	44.99%	45.26%	59.41%	54.07%	52.98%	45.54%	35.07%	31.54%	31.19%	34.08%	-	38.66%	38.48%
Earnings before Tax (EBT) ¹	17	57.9	90.2	99.1	88.2	138.7	104.8	96.7	48.8	73.7	78.07	68.23	90.63	182	135	160
Net income ¹	7.5	53.2	60	77.6	82.7	114.8	90.2	87.4	37.7	15.6	59.84	59.42	77.08	-	94.7	109.2
Net margin	6.1%	37.07%	27.43%	33.51%	37.69%	45.29%	38.25%	41.34%	20.74%	5.97%	23.54%	22.39%	26.84%	-	29.44%	29.81%
EPS ²	0.0166	0.1164	0.1288	0.1538	0.1621	0.2286	0.1787	0.1746	0.1800	0.0100	0.0506	0.0507	0.0667	-	0.0750	0.0850
Dividend per Share ²	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Announcement Date	2/17/22	5/3/22	8/2/22	11/1/22	2/14/23	5/2/23	8/3/23	10/31/23	2/22/24	5/7/24	-	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	138	225	127	52.9	64.4	408	847	1,037
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.381 x	10.09 x	1.833 x	0.1443 x	0.1282 x	0.8461 x	1.136 x	0.8517 x
Free Cash Flow ¹	-126	-118	-106	118	-29.8	-375	-259	-62.3
ROE (net income / shareholders' equity)	9.71%	-2.65%	4.87%	24.4%	17.7%	3.53%	6.8%	9.15%
ROA (Net income/ Total Assets)	6.62%	-2.1%	0.06%	16.7%	12.4%	3.55%	5.43%	8.23%
Assets ¹	757.9	898.2	1,070	1,638	2,652	7,312	8,915	8,130
Book Value Per Share ²	1.550	1.610	1.850	2.970	10.90	6.150	6.320	6.300
Cash Flow per Share ²	0.1600	0.0200	0.0600	0.9400	1.420	0.2500	0.4000	0.5500
Capex ¹	189	124	132	337	327	635	658	578
Capex / Sales	48.66%	43.03%	31.37%	41.43%	37.07%	54.31%	41.52%	26.16%
Announcement Date	2/20/20	2/18/21	2/17/22	2/14/23	2/22/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Arcadium Lithium plc

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

3.59 USD

Average target price

7.035 USD

Spread / Average Target

+95.95%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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