Elevra Lithium (AU:ELV)
ASX:ELV
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Elevra Lithium
(Sydney:ELV)
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Rating:49Neutral
Price Target:
AU$9.00
▲(7.27% Upside)
Action:ReiteratedDate:03/24/26
The score is held back primarily by weak financial performance driven by widening losses and persistent negative free cash flow. Technical signals are also soft with price below key short-to-mid-term moving averages and negative MACD. These weaknesses are partially offset by a very low P/E valuation.
Positive Factors
Revenue Growth
Consistent top-line expansion across recent years with an additional ~9% in 2025 indicates durable market demand and improving commercial traction. Sustained revenue scaling supports the potential for operating leverage and the ability to convert strong gross margins into lasting profitability as fixed costs are absorbed.
Negative Factors
Negative Operating Cash Flow
Persistent negative operating cash flow and a ~46% deterioration in free cash flow in 2025 indicate ongoing cash burn and reliance on external financing. Structurally weak cash generation undermines operational autonomy, increases dilution or debt risk, and constrains the company's ability to sustainably fund growth or capex without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Consistent top-line expansion across recent years with an additional ~9% in 2025 indicates durable market demand and improving commercial traction. Sustained revenue scaling supports the potential for operating leverage and the ability to convert strong gross margins into lasting profitability as fixed costs are absorbed.
Read all positive factors
Elevra Lithium (ELV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.41B
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)2.5
Beta (1Y)2.06
Revenue Growth6.51%
EPS Growth-173.45%
CountryAU
Employees230
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding169,376,770
10 Day Avg. Volume1,054,872
30 Day Avg. Volume1,291,315
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)0.37
Price to Sales (P/S)0.69
P/FCF Ratio-2.39
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$12.47Price Target Upside48.64% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.23
Revenue Forecast (FY)AU$354.53M
Elevra Lithium Business Overview & Revenue Model
Company Description
Engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. Primarily explores for lithium, graphite, and gold. Its flagship asset is the North American Lithium project in Quebec, Canada. The...
Elevra Lithium Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 222.73M | 223.37M | 200.87M | 1.70M | 387.00K | 645.39K |
| Gross Profit | 39.09M | 146.98M | 178.29M | -4.47M | 337.00K | 593.63K |
| EBITDA | -302.96M | -341.66M | -78.09M | -19.03M | -20.57M | -3.56M |
| Net Income | -131.74M | -294.29M | -101.40M | -13.63M | 58.89M | -4.38M |
Balance Sheet | ||||||
| Total Assets | 1.05B | 652.71M | 952.51M | 1.01B | 661.16M | 71.72M |
| Cash, Cash Equivalents and Short-Term Investments | 121.74M | 72.29M | 90.62M | 211.12M | 184.56M | 35.50M |
| Total Debt | 122.97M | 77.55M | 30.62M | 31.21M | 23.47M | 52.76K |
| Total Liabilities | 205.99M | 177.27M | 156.88M | 124.75M | 100.54M | 3.84M |
| Stockholders Equity | 847.58M | 420.22M | 665.04M | 756.16M | 504.02M | 61.39M |
Cash Flow | ||||||
| Free Cash Flow | -108.36M | -64.42M | -193.37M | -259.84M | -45.67M | -15.48M |
| Operating Cash Flow | -77.60M | -14.79M | -64.64M | -66.48M | -13.64M | -11.18M |
| Investing Cash Flow | 26.97M | -49.63M | -114.04M | -129.92M | -237.44M | 2.19M |
| Financing Cash Flow | 62.69M | 46.08M | 60.34M | 221.25M | 408.25M | 44.29M |
Elevra Lithium Technical Analysis
Positive
8.39
Price Trends
7.62
Positive
7.22
Positive
5.36
Positive
Market Momentum
0.22
Negative
57.28
Neutral
87.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ELV, the sentiment is Positive. The current price of 8.39 is above the 20-day moving average (MA) of 7.55, above the 50-day MA of 7.62, and above the 200-day MA of 5.36, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 57.28 is Neutral, neither overbought nor oversold. The STOCH value of 87.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:ELV.
Elevra Lithium Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | AU$489.50M | -15.69 | -5.18% | ― | ― | 47.15% | |
50 Neutral | AU$386.15M | 0.05 | 154.06% | ― | ― | 66.10% | |
49 Neutral | AU$1.41B | 2.46 | -20.78% | ― | 6.51% | -173.45% | |
46 Neutral | AU$743.70M | -8.93 | -10.17% | ― | -100.00% | 89.10% | |
43 Neutral | AU$1.45B | -4.01 | -19.36% | ― | 16.06% | -50.94% | |
42 Neutral | AU$170.86M | -4.93 | -19.15% | ― | ― | 67.90% |
* Basic Materials Sector Average
AU:ELV
Elevra Lithium
8.91
6.51
271.25%
AU:CXO
Core Lithium Ltd
0.28
0.22
351.61%
AU:LKE
Lake Resources N.L.
0.08
0.05
164.52%
AU:EUR
European Lithium
0.22
0.18
464.10%
AU:GLN
Galan Lithium Limited
0.39
0.26
188.89%
AU:VUL
Vulcan Energy Resources Ltd.
3.45
-0.17
-4.75%
Elevra Lithium Corporate Events
Morella Flags Strong Pegmatite Intercepts as Mt Edon Drilling Wraps Up
Mar 30, 2026
Morella Corporation has completed a reverse circulation drilling program at the Mt Edon Rubidium-Lithium Project in Western Australia, drilling 20 holes for about 1,700 metres under its joint venture with Elevra. Geological logging from the Sophie...
Elevra Lithium Trims Small Shareholdings to Cut Admin Costs
Mar 19, 2026
Elevra Lithium has completed a small shareholding sale facility aimed at consolidating its share register by selling unmarketable parcels valued at less than $500 as of the 8 January 2026 record date. Of 16,153 shareholders holding such parcels, 1...
Elevra Lithium lodges NI 43-101 report to advance NAL expansion plans
Mar 17, 2026
Elevra Lithium has filed a NI 43-101 compliant technical report supporting its previously released scoping study for the expansion of the North American Lithium operation in Québec. The filing aligns the company’s disclosure with Canadi...
Resources-Focused Rebalance Reshapes S&P/ASX Indices for March 2026
Mar 6, 2026
SP Dow Jones Indices has announced its March 2026 quarterly rebalance of the SP/ASX indices, bringing a series of changes across the SP/ASX 20, 50, 100, 200 and 300 benchmarks. The reshuffle sees notable promotions such as Northern Star Resources ...
Elevra Lithium Issues New Shares Following Conversion of Unquoted Securities
Mar 4, 2026
Elevra Lithium Limited has notified the market of the issue of 24,842 new ordinary fully paid shares following the conversion or exercise of previously unquoted securities. The additional shares, issued on 2 March 2026, modestly increase the compa...
Elevra Lithium lifts profit and cash as prices rise and NAL expansion advances
Feb 24, 2026
Elevra Lithium reported an 8% rise in first-half FY26 revenue to US$86 million as stronger lithium prices offset lower sales volumes and a 7% fall in production at its North American Lithium operation. Underlying group EBITDA improved to US$1 mill...
Elevra Lithium Cancels 20,443 Unvested Performance Rights
Feb 24, 2026
Elevra Lithium Limited has notified the market of the lapse of 20,443 performance rights, which ceased on 20 February 2026 after the conditions attached to these rights were not met or became incapable of being satisfied. The cancellation of these...
Elevra Lithium Moves to Secure Canadian Offtake with Mangrove
Feb 9, 2026
Elevra Lithium has signed a non-binding memorandum of understanding to potentially supply up to 144,000 tonnes per year of spodumene concentrate from 2028 to Mangrove Lithium, a Canadian lithium converter. The initial five-year arrangement, which ...
Morella Expands Rubidium Targets at Mt Edon After Strong Rock Chip Results
Feb 2, 2026
Morella Corporation has significantly expanded the rubidium exploration footprint at its Mt Edon Project in Western Australia after a comprehensive review of recent and historical rock chip sampling data. The company identified multiple new rubidi...
Elevra Lithium Sets Date for Quarterly Results and Switches Reporting to USD
Jan 21, 2026
Elevra Lithium will release its December 2025 quarterly activities report on 28 January 2026 and will host a live investor webcast the same day, with an archived version available shortly after, in a bid to provide broader access and engagement fo...
Elevra Lithium Issues 372,486 New Shares on Option Conversion
Jan 20, 2026
Elevra Lithium Limited has issued 372,486 new ordinary fully paid shares following the conversion of previously unquoted options or other unquoted convertible securities. The additional equity, effective from 19 January 2026, modestly increases th...
Elevra Lithium Seeks ASX Quotation for Additional Ordinary Shares
Jan 13, 2026
Elevra Lithium Limited has applied for ASX quotation of 47,660 new fully paid ordinary shares, issued on 12 January 2026 under a previously announced Appendix 3B transaction. The modest capital issuance slightly increases the company’s liste...
Elevra Fast-Tracks NAL Expansion With Staged Debottlenecking Plan
Jan 12, 2026
Elevra Lithium has reworked its expansion plan for the North American Lithium mine, opting for a staged debottlenecking strategy that accelerates additional production, reduces permitting risk and spreads capital expenditure over time. The revised...
Elevra Lithium to Drop Sponsored OTCQB Listing in Favour of Unsponsored OTC Quotation
Jan 12, 2026
Elevra Lithium will discontinue its sponsored OTCQB Venture Market listing at the close of business on 30 January 2026, with its shares expected to move to an unsponsored Pink Limited Market quotation on the OTC Markets Group from 2 February 2026 ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.