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Elevra Lithium
(Sydney:ELV)
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Rating:46Neutral
Price Target:
AU$10.50
â–²(1.16% Upside)
Action:Reiterated
Date:06/27/26
The score is held down primarily by weak financial performance—widening losses and persistent negative operating/free cash flow despite strong revenue growth—suggesting elevated funding risk. Technicals add pressure with bearish momentum and the stock trading below key short-term averages. Valuation provides limited support due to negative earnings and no dividend yield.
Positive Factors
Sustained Revenue Growth
Elevra has demonstrated durable top-line expansion across multiple years, indicating structural demand and successful commercial scaling. Persistent revenue growth supports future margin improvement potential and provides a larger base for cost leverage if management can rein in operating losses and convert scale into cash generation.
Negative Factors
Persistent Negative Cash Flow
Sustained negative operating and free cash flow indicate ongoing cash burn and reliance on external funding. Over months to quarters this erodes liquidity, constrains investment choices, increases financing risk, and makes the business vulnerable to capital market cycles unless cash conversion improves materially.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Elevra has demonstrated durable top-line expansion across multiple years, indicating structural demand and successful commercial scaling. Persistent revenue growth supports future margin improvement potential and provides a larger base for cost leverage if management can rein in operating losses and convert scale into cash generation.
Read all positive factors
Elevra Lithium (ELV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$1.70B
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)―
Beta (1Y)1.83
Revenue Growth2.01%
EPS Growth-37.12%
CountryAU
Employees230
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)-2.47
Shares Outstanding194,016,020
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$15.93Price Target Upside53.50% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)0.5
Revenue Forecast (FY)AU$408.58M
Elevra Lithium Business Overview & Revenue Model
Company Description
Elevra Lithium Limited, together with its subsidiaries, engages in the identification, acquisition, exploration, and development of mineral assets in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship...
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
Negative
10.38
Price Trends
11.65
Negative
10.16
Negative
8.12
Positive
Market Momentum
-0.68
Positive
35.54
Neutral
10.30
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:ELV, the sentiment is Negative. The current price of 10.38 is below the 20-day moving average (MA) of 10.55, below the 50-day MA of 11.65, and above the 200-day MA of 8.12, indicating a neutral trend. The MACD of -0.68 indicates Positive momentum. The RSI at 35.54 is Neutral, neither overbought nor oversold. The STOCH value of 10.30 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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% | |
55 Neutral | AU$612.60M | 0.50 | 154.06% | ― | ― | ― | |
47 Neutral | AU$809.20M | -24.51 | -10.17% | ― | -100.00% | 59.85% | |
46 Neutral | AU$1.70B | -9.11 | -20.78% | ― | 2.01% | -37.12% | |
43 Neutral | AU$1.27B | -4.85 | -9.72% | ― | -3.54% | -49.86% | |
42 Neutral | AU$98.26M | -2.93 | -19.15% | ― | ― | 17.32% | |
42 Neutral | AU$411.02M | -37.39 | -4.22% | ― | ― | 56.94% |
* Basic Materials Sector Average
AU:ELV
Elevra Lithium
8.86
6.16
228.27%
AU:CXO
Core Lithium Ltd
0.25
0.14
127.27%
AU:LKE
Lake Resources N.L.
0.04
0.01
38.71%
AU:EUR
European Lithium
0.36
0.29
407.14%
AU:GLN
Galan Lithium Limited
0.33
0.19
140.74%
AU:VUL
Vulcan Energy Resources Ltd.
2.87
-0.14
-4.71%
Elevra Lithium Corporate Events
Elevra Lithium Issues New Unquoted Performance Rights Under Incentive Plan
Jul 7, 2026
Elevra Lithium Limited has notified the market of the issuance of 2,160 unquoted performance rights under its employee incentive scheme. The new rights, which are not intended to be quoted on the ASX, were issued on June 30, 2026, and reflect the ...
Elevra Lithium Issues New Shares Following Option Conversions
Jul 6, 2026
Elevra Lithium Limited, listed on the ASX under the ticker ELV, operates in the lithium sector, focusing on activities aligned with the production or development of lithium-related assets. The company’s ordinary fully paid shares trade publi...
Elevra Lithium Reports Lapse of Performance Rights
Jul 3, 2026
Elevra Lithium Limited has confirmed the lapse of 49,990 performance rights, identified under the ASX code ELVAM, after the conditions attached to these rights were not met by 30 June 2026. The cessation of these conditional securities slightly re...
Elevra Lithium Issues Over 5.2 Million Unquoted Options
Jun 30, 2026
Elevra Lithium Limited has notified the market of the issue of 5,276,387 unquoted options, exercisable at $4.80 and expiring on 31 December 2028. The options, recorded under ASX code ELVAN, were issued on 30 June 2026 and form part of previously a...
Morgan Stanley Ceases to Be Substantial Holder in Elevra Lithium
Jun 29, 2026
Morgan Stanley and its subsidiaries have notified Elevra Lithium that they have ceased to be a substantial shareholder in the company as of June 24, 2026, under Australia’s substantial holding disclosure rules. The change follows a series of...
Mitsubishi UFJ exits substantial holding in Elevra Lithium
Jun 29, 2026
Mitsubishi UFJ Financial Group has lodged a notice stating it has ceased to be a substantial holder in Elevra Lithium Limited, following a series of share transactions dated 24 June 2026. The change in substantial holding stems from purchases of E...
Elevra Breaks Ground on Fully Funded North American Lithium Expansion
Jun 28, 2026
Elevra Lithium has broken ground on its fully funded North American Lithium Expansion Project, following a May 2026 capital raise that strengthened its balance sheet and secured financing for staged growth. The company has already ordered key equi...
Index Shake-Up Puts Elevra Lithium Into S&P/ASX 200 as S&P Dow Jones Rebalances Benchmarks
Jun 5, 2026
SP Dow Jones Indices has announced its June 2026 quarterly rebalance of the SP/ASX indices, with ALS Limited joining the SP/ASX 50 and Paladin Energy Limited entering the SP/ASX 100, while Pro Medicus and Metcash are removed from those benchmarks....
Elevra Lithium director boosts stake via share purchase plan
Jun 5, 2026
Elevra Lithium Limited has disclosed a change in director Lucas Dow’s interests, with Dow Group Investments Trust acquiring 2,460 fully paid ordinary shares for A$30,000 under the company’s share purchase plan. Following this transacti...
Elevra Lithium Director Boosts Stake via Share Purchase Plan
Jun 5, 2026
Elevra Lithium director Laurie Lefcourt has increased his direct holding in the company, purchasing 1,230 fully paid ordinary shares on 5 June 2026 under the company’s share purchase plan. The A$15,000 on-market investment lifts LefcourtR...
Elevra Lithium Seeks ASX Quotation for New Share Issue
Jun 5, 2026
Elevra Lithium Limited has applied to the ASX for quotation of 1,275,668 new ordinary fully paid shares under its ELV ticker, with an issue date of June 5, 2026. The additional securities, issued as part of a previously announced transaction, will...
Elevra Lithium Leverages Strong FY26 Output to Drive North American Growth Plans
Jun 1, 2026
Elevra Lithium reported year-to-date fiscal 2026 production of 143,489 dry metric tonnes of lithium concentrate and sales of 147,517 tonnes, achieving 66% recovery and generating US$167 million in revenue at unit operating costs of US$840 per tonn...
State Street Group Exits Substantial Holder Position in Elevra Lithium
May 27, 2026
State Street Corporation, through its various asset management and custody subsidiaries, has ceased to be a substantial holder in Elevra Lithium Limited as of 25 May 2026, according to a notice filed under section 671B of the Corporations Act. The...
JPMorgan Ceases to Be Substantial Holder in Elevra Lithium
May 22, 2026
JPMorgan Chase Co. and several of its subsidiaries have notified Elevra Lithium Ltd that they have ceased to be substantial holders in the company as of 19 May 2026. The change reflects a series of securities lending, rehypothecation, and princip...
Elevra Raises A$275m to Fund North American Lithium Expansion
May 12, 2026
Elevra Lithium has completed a fully underwritten A$275 million institutional placement, issuing about 22.5 million new shares at A$12.20 each, a discount to recent trading prices, with strong support from existing and new domestic and global inst...
Elevra Lithium Plans 145 Million Convertible Notes Issue
May 12, 2026
Elevra Lithium Limited has lodged an Appendix 3B with the ASX detailing a proposed issue of up to 145 million convertible notes. The notes are to be issued by Sayona Inc. in Canada and are convertible or exchangeable into Elevra shares, with a pro...
Elevra Lithium Plans New Share and Option Issue to Bolster Funding
May 12, 2026
Elevra Lithium Limited has notified the ASX of a proposed securities issue comprising up to 566,776 ordinary fully paid shares and 56,678 options as part of a placement or similar capital-raising structure. The issue, scheduled for mid-May 2026, i...
Elevra Lithium Plans Capital Raise via Placement and Securities Purchase Plan
May 12, 2026
Elevra Lithium Limited has outlined plans for a significant capital raise via a combination of a securities purchase plan and a placement of ordinary fully paid shares on the ASX. The company intends to issue up to 1,639,344 shares under the secur...
Elevra Lithium launches dual-track equity raising to bolster funding
May 12, 2026
Elevra Lithium has launched a fully underwritten institutional placement of new shares and an accompanying share purchase plan for eligible retail investors in Australia and New Zealand. The combined equity raising, structured under existing Austr...
Elevra secures A$441m funding to drive North American lithium expansion
May 12, 2026
Elevra Lithium has launched a financing package of up to A$441 million, including a fully underwritten A$275 million institutional placement, a strategic A$146 million convertible notes investment from Canada Growth Fund and a share purchase plan ...
Elevra Lithium doubles NAL expansion value with staged growth plan
May 11, 2026
Elevra Lithium has released an updated scoping study for expanding its North American Lithium mine, outlining a staged development plan that lifts permitted plant throughput to 4,500 tonnes per day in Stage 1 and 6,500 tonnes per day in Stage 2 wh...
Elevra Sells Ghana Ewoyaa Stake to Refocus on North American Lithium Assets
May 10, 2026
Elevra Lithium has agreed to sell its entire interest, including offtake rights, in the Ewoyaa Lithium Project in Ghana to Zhejiang Huayou Cobalt for about US$71 million in cash, with completion targeted by the end of the March 2027 quarter subjec...
Elevra Lithium Seeks ASX Quotation for Additional Ordinary Shares
Apr 28, 2026
Elevra Lithium Limited has applied for quotation on the ASX of 255,830 new ordinary fully paid shares, with an issue date of April 24, 2026. The additional securities, linked to a previously announced transaction, will modestly increase the compan...
Citigroup Entities Exit Substantial Holder Status in Elevra Lithium
Apr 24, 2026
Citigroup Global Markets Australia and related Citi entities have notified Elevra Lithium that they have ceased to be substantial shareholders in the company as of 22 April 2026. The notice details shifts in relevant interests held through securit...
Elevra Lithium Delivers Record Quarter as NAL Expansion and Downstream Push Advance
Apr 22, 2026
Elevra Lithium reported a strong March 2026 quarter, with record NAL revenue of US$81 million, improved safety performance, higher plant utilisation, and better recoveries driving a 7% rise in spodumene output despite slightly lower ore mined. Cas...
Elevra Lithium Sets Date and Webcast for March Quarter Update
Apr 15, 2026
Elevra Lithium has scheduled the release of its March 2026 quarterly activities report for 23 April 2026, signaling an upcoming update on operational and financial performance. The company plans to host an investor webcast that morning, offering l...
Citigroup Entities Exit Substantial Holder Status in Elevra Lithium
Apr 10, 2026
Citigroup Global Markets Australia and related Citi group entities have disclosed that they have ceased to be substantial shareholders in Elevra Lithium Limited as of 8 April 2026, following changes in their relevant interests in the company’...
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.