Elevra Lithium (AU:ELV)
ASX:ELV
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Elevra Lithium
(Sydney:ELV)
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Rating:55Neutral
Price Target:
AU$14.00
▲(34.87% Upside)
Action:ReiteratedDate:04/25/26
The score is held back primarily by weak financial performance—widening losses and ongoing negative operating/free cash flow—despite strong revenue growth and moderate leverage. Technicals are supportive with clear uptrend signals, but overbought readings raise near-term pullback risk. Valuation appears low on P/E, though fundamentals limit how much that supports the overall score.
Positive Factors
Revenue Growth
Sustained top-line scaling over multiple years demonstrates durable market demand and successful commercialization. Persistent revenue expansion provides a foundation for future margin improvement and operating leverage as fixed costs spread, supporting long-term profitability potential if cost structure is controlled.
Negative Factors
Negative Cash Flow
Persistent negative operating and free cash flow signals structural cash burn and reliance on external funding to sustain operations and capital needs. Over months this limits strategic flexibility, raises dilution or refinancing risk, and constrains the firm's ability to self-fund investments necessary to reach sustained profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line scaling over multiple years demonstrates durable market demand and successful commercialization. Persistent revenue expansion provides a foundation for future margin improvement and operating leverage as fixed costs spread, supporting long-term profitability potential if cost structure is controlled.
Read all positive factors
Elevra Lithium (ELV) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$2.27B
Dividend YieldN/A
Average Volume (3M)1.29M
Price to Earnings (P/E)2.5
Beta (1Y)1.70
Revenue Growth2.01%
EPS Growth-37.12%
CountryAU
Employees230
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.05
Shares Outstanding169,632,600
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$14.05Price Target Upside35.36% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.23
Revenue Forecast (FY)AU$360.51M
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
10.38
Price Trends
7.84
Positive
7.61
Positive
5.67
Positive
Market Momentum
0.51
Negative
69.92
Neutral
82.43
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 10.38 is above the 20-day moving average (MA) of 8.32, above the 50-day MA of 7.84, and above the 200-day MA of 5.67, indicating a bullish trend. The MACD of 0.51 indicates Negative momentum. The RSI at 69.92 is Neutral, neither overbought nor oversold. The STOCH value of 82.43 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$678.91M | -15.69 | -4.22% | ― | ― | 56.94% | |
55 Neutral | AU$2.27B | 2.46 | -20.78% | ― | 2.01% | -37.12% | |
49 Neutral | AU$737.97M | 0.05 | 154.06% | ― | ― | ― | |
47 Neutral | AU$216.43M | -4.93 | -19.15% | ― | ― | 17.32% | |
46 Neutral | AU$947.85M | -8.93 | -10.17% | ― | -100.00% | 59.85% | |
43 Neutral | AU$1.72B | -4.01 | -12.79% | ― | -3.54% | -49.86% |
* Basic Materials Sector Average
AU:ELV
Elevra Lithium
13.52
10.82
400.93%
AU:CXO
Core Lithium Ltd
0.33
0.25
357.75%
AU:LKE
Lake Resources N.L.
0.10
0.06
179.41%
AU:EUR
European Lithium
0.43
0.38
726.92%
AU:GLN
Galan Lithium Limited
0.55
0.45
445.00%
AU:VUL
Vulcan Energy Resources Ltd.
3.88
0.12
3.30%
Elevra Lithium Corporate Events
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’...
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...
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.