Latrobe Magnesium Limited (AU:LMG)
ASX:LMG
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Latrobe Magnesium Limited
(Sydney:LMG)
Select Model
Select Model
Rating:47Neutral
Price Target:
AU$0.02
▲(0.00% Upside)
Action:ReiteratedDate:03/04/26
The score is primarily constrained by ongoing operating/net losses and weak earnings quality despite improving cash flow and a relatively supportive balance sheet. Technical indicators add further pressure, with the stock trading below key moving averages and negative MACD. Valuation is difficult to assess given negative earnings and no dividend yield data.
Positive Factors
Low-cost feedstock & proprietary process
Extracting magnesium from fly ash uses a waste feedstock and positions the company with a structurally lower raw-material cost base and potential environmental/regulatory advantages. This model supports durable unit-cost competitiveness and ESG-aligned market access over time.
Negative Factors
Persistent losses and negative margins
Ongoing operating losses and deep negative margins show the business has not yet converted revenue into sustainable profits. Long-term viability depends on substantive margin improvement or scale; persistent losses will pressure capital needs and investor tolerance.
Read all positive and negative factors
Positive Factors
Negative Factors
Low-cost feedstock & proprietary process
Extracting magnesium from fly ash uses a waste feedstock and positions the company with a structurally lower raw-material cost base and potential environmental/regulatory advantages. This model supports durable unit-cost competitiveness and ESG-aligned market access over time.
Read all positive factors
Latrobe Magnesium Limited (LMG) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$53.17M
Dividend YieldN/A
Average Volume (3M)2.92M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue GrowthN/A
EPS Growth59.26%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding3,127,817,000
10 Day Avg. Volume3,294,508
30 Day Avg. Volume2,924,277
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)0.40
Price to Sales (P/S)7.09
P/FCF Ratio10.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Latrobe Magnesium Limited Business Overview & Revenue Model
Company Description
Latrobe Magnesium Limited engages in developing a magnesium production plant for the extraction of magnesium metal from fly ash resource in Germany. It holds interests in the Latrobe magnesium project located in the Latrobe Valley in Victoria. The...
How the Company Makes Money
Latrobe Magnesium Limited makes money by producing and selling magnesium metal, primarily targeting industries that require lightweight materials. The company's revenue model is based on extracting magnesium from industrial waste, particularly fly...
Latrobe Magnesium Limited Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 2.73M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 2.74M | 2.73M | -41.68K | -55.28K | -199.00K | -136.00K |
| EBITDA | -4.19M | -2.46M | -5.36M | -4.26M | -2.99M | -1.32M |
| Net Income | -3.36M | -2.66M | -4.74M | -2.44M | -3.21M | 120.26K |
Balance Sheet | ||||||
| Total Assets | 100.01M | 92.50M | 95.40M | 62.47M | 37.39M | 12.31M |
| Cash, Cash Equivalents and Short-Term Investments | 4.52M | 2.42M | 565.15K | 6.89M | 15.25M | 954.25K |
| Total Debt | 3.18M | 7.79M | 13.86M | 15.37M | 5.59M | 698.40K |
| Total Liabilities | 43.04M | 43.84M | 53.78M | 36.16M | 14.68M | 8.15M |
| Stockholders Equity | 56.96M | 48.67M | 41.63M | 26.31M | 22.71M | 4.16M |
Cash Flow | ||||||
| Free Cash Flow | -845.95K | 1.91M | -15.85M | -22.31M | -9.42M | 4.53M |
| Operating Cash Flow | 3.44M | 8.10M | 11.50M | -4.31M | -3.74M | 5.89M |
| Investing Cash Flow | 8.07M | -6.24M | -16.98M | -18.04M | -5.69M | -1.54M |
| Financing Cash Flow | -5.27M | 6.24K | -854.18K | 13.99M | 23.72M | -3.43M |
Latrobe Magnesium Limited Technical Analysis
Negative
0.02
Price Trends
0.02
Negative
0.02
Negative
0.02
Negative
Market Momentum
>-0.01
Negative
43.33
Neutral
125.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LMG, the sentiment is Negative. The current price of 0.02 is equal to the 20-day moving average (MA) of 0.02, below the 50-day MA of 0.02, and below the 200-day MA of 0.02, indicating a neutral trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 43.33 is Neutral, neither overbought nor oversold. The STOCH value of 125.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:LMG.
Latrobe Magnesium Limited 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% | |
52 Neutral | AU$41.49M | 1.06 | -0.34% | ― | ― | -100.38% | |
47 Neutral | AU$53.17M | -5.83 | -6.35% | ― | ― | 59.26% | |
45 Neutral | AU$44.32M | -15.23 | -1.33% | ― | ― | ― | |
45 Neutral | AU$48.65M | -2.13 | -29.24% | ― | ― | 42.65% | |
| ― | AU$57.42M | -2.73 | -0.21% | ― | ― | -61.06% | |
41 Neutral | AU$74.75M | -15.76 | -16.95% | ― | ― | 76.36% |
* Basic Materials Sector Average
AU:LMG
Latrobe Magnesium Limited
0.02
<0.01
70.00%
AU:VMC
Venus Metals Corporation Limited
0.21
0.11
100.00%
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Black Canyon Limited
0.28
0.22
358.33%
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0.13
0.05
62.50%
AU:WCE
Errawarra Resources Ltd.
0.16
0.09
128.57%
AU:SHN
Sunshine Gold Ltd
0.03
0.02
190.00%
Latrobe Magnesium Limited Corporate Events
Latrobe Magnesium Demonstration Plant Hits High-Grade MgO Milestone Ahead of Metal Production
Mar 23, 2026
Latrobe Magnesium has reported that its Hazelwood North demonstration plant has successfully completed a two-week continuous run producing about 20 tonnes of high-grade magnesium oxide. Assays show the material contains around 90% magnesium compou...
Latrobe Magnesium releases half-year financial report for December 2025
Mar 13, 2026
Latrobe Magnesium Limited has released its half-year financial report for the period ended 31 December 2025, covering the consolidated activities of the company and its controlled entities. The report includes the directors’ report, financia...
Latrobe Magnesium hits continuous MgO output milestone at Hazelwood plant
Feb 27, 2026
Latrobe Magnesium Limited has achieved continuous production of about 20 tonnes of magnesium oxide at its Hazelwood North demonstration plant, using brown coal ash over a sustained two-week operating period. The company reports that the magnesium ...
Latrobe Magnesium Options Lapse, Trimming Potential Future Dilution
Jan 4, 2026
Latrobe Magnesium Limited has notified the market of the cessation of 3,000,000 listed options (LMGAE), which expired unexercised on 5 January 2026, having carried an exercise price of $0.10 and an original expiry date of 22 December 2025. The exp...
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.