Liontown Resources Limited (AU:LTR)
ASX:LTR
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Liontown Resources Limited
(Sydney:LTR)
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Rating:44Neutral
Price Target:
AU$1.50
â–¼(-12.28% Downside)
Action:ReiteratedDate:03/05/26
The score is primarily constrained by weak financial performance—large losses, rising leverage, and significant free cash flow burn despite a sharp revenue ramp. Technical indicators also lean bearish with the stock trading below key moving averages and negative MACD. Valuation provides limited support because earnings are negative and no dividend yield is available.
Positive Factors
Commercial Revenue Ramp
A clear FY2025 revenue inflection indicates the company is moving from development toward commercialization. Sustained top-line scale supports long-term project viability, underwriting ongoing operations and giving management scope to optimize margins and secure long-term offtake or customer relationships.
Negative Factors
Weak Profitability and Thin Margins
Very low gross margins and large operating losses indicate the project is not yet delivering economically sustainable output. Persistently weak earnings undermine return on invested capital, risk diluting shareholder value if higher-cost production or low pricing persists, and complicate funding for expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial Revenue Ramp
A clear FY2025 revenue inflection indicates the company is moving from development toward commercialization. Sustained top-line scale supports long-term project viability, underwriting ongoing operations and giving management scope to optimize margins and secure long-term offtake or customer relationships.
Read all positive factors
Liontown Resources Limited (LTR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$5.44B
Dividend YieldN/A
Average Volume (3M)24.25M
Price to Earnings (P/E)―
Beta (1Y)1.96
Revenue GrowthN/A
EPS Growth-184.29%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)-0.07
Shares Outstanding3,179,110,800
10 Day Avg. Volume26,449,158
30 Day Avg. Volume24,252,243
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)2.93
Price to Sales (P/S)5.71
P/FCF Ratio-5.15
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
AU$1.82Price Target Upside6.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$804.20M
Liontown Resources Limited Business Overview & Revenue Model
Company Description
Liontown Resources Limited engages in the exploration, evaluation, and development of mineral properties in Australia. The company explores for lithium, gold, vanadium, copper, and nickel deposits, as well as platinum group elements. Its flagship ...
How the Company Makes Money
Liontown’s business model is to develop and operate lithium mining and processing assets and generate revenue primarily from the sale of lithium-bearing products to downstream customers. The main expected revenue stream is sales of spodumene conce...
Liontown Resources Limited Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
40
Negative
Cash Flow
18
Very Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 404.69M | 297.56M | 0.00 | 147.00K | 0.00 | 600.00K |
| Gross Profit | -193.78M | 13.51M | -1.38M | -322.00K | -226.00K | 600.00K |
| EBITDA | 6.14M | 1.33M | -59.31M | -21.85M | 41.59M | -10.97M |
| Net Income | -362.00M | -193.28M | -64.92M | -22.21M | 40.85M | -10.57M |
Balance Sheet | ||||||
| Total Assets | 1.86B | 1.56B | 1.38B | 655.16M | 487.06M | 15.39M |
| Cash, Cash Equivalents and Short-Term Investments | 411.85M | 181.93M | 122.95M | 305.44M | 453.08M | 12.55M |
| Total Debt | 840.62M | 831.10M | 460.91M | 121.27M | 231.00K | 75.55K |
| Total Liabilities | 1.10B | 982.97M | 614.85M | 205.42M | 20.21M | 1.90M |
| Stockholders Equity | 763.22M | 580.57M | 770.07M | 449.74M | 466.85M | 13.49M |
Cash Flow | ||||||
| Free Cash Flow | -162.62M | -329.98M | -712.75M | -249.01M | -60.28M | -8.32M |
| Operating Cash Flow | -17.16M | 713.00K | -47.02M | -16.35M | -47.01M | -8.23M |
| Investing Cash Flow | -140.46M | -330.69M | -680.79M | -244.07M | -13.95M | 1.41M |
| Financing Cash Flow | 367.09M | 362.60M | 545.31M | 112.78M | 501.49M | 14.11M |
Liontown Resources Limited Technical Analysis
Positive
1.71
Price Trends
1.76
Negative
1.63
Positive
1.26
Positive
Market Momentum
-0.03
Negative
54.67
Neutral
80.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LTR, the sentiment is Positive. The current price of 1.71 is above the 20-day moving average (MA) of 1.58, below the 50-day MA of 1.76, and above the 200-day MA of 1.26, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 54.67 is Neutral, neither overbought nor oversold. The STOCH value of 80.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LTR.
Liontown Resources Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | AU$405.56M | 3.25 | 81.38% | ― | 45.56% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
52 Neutral | AU$446.39M | -10.44 | -63.51% | ― | ― | -98.20% | |
49 Neutral | AU$556.93M | -18.79 | -179.67% | ― | -100.00% | -6.00% | |
44 Neutral | AU$5.44B | -5.98 | -53.88% | ― | ― | -184.29% | |
43 Neutral | AU$1.40B | -2.50 | -19.36% | ― | 16.06% | -50.94% | |
43 Neutral | AU$278.39M | -15.09 | -26.32% | ― | ― | -91.89% |
* Basic Materials Sector Average
AU:LTR
Liontown Resources Limited
1.71
1.05
159.09%
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0.69
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0.07
<0.01
10.00%
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1.89
0.42
28.23%
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Vulcan Energy Resources Ltd.
3.16
-0.96
-23.39%
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Canyon Resources Limited
0.14
-0.10
-41.30%
Liontown Resources Limited Corporate Events
State Street Group Ceases to Be Substantial Holder in Liontown
Mar 25, 2026
State Street Corporation, through a group of global asset management subsidiaries including State Street Global Advisors and State Street Bank and Trust Company, has notified Liontown Limited that it has ceased to be a substantial holder in the co...
State Street Entities Exit Substantial Holder Position in Liontown
Mar 13, 2026
State Street Corporation, through subsidiaries including SSGA Funds Management and State Street Global Advisors entities in the U.S., Europe, Canada and Australia, has lodged a notice that it has ceased to be a substantial holder in Liontown Limit...
Liontown ramps up underground lithium output as balance sheet strengthens
Mar 11, 2026
Liontown Resources reported a sharp increase in half-year production and revenue as its Kathleen Valley mine completed the transition to a 100% underground operation and achieved a one million tonne per annum run-rate. Spodumene concentrate output...
Liontown Releases Interim Financial Report for Half Year to 31 December 2025
Mar 11, 2026
Liontown Limited has released its financial report for the half year ended 31 December 2025, providing condensed consolidated statements of profit and loss, financial position, cash flows, and changes in equity. The report also includes detailed n...
Liontown to Brief Market on Half-Year Results via Investor Webcast
Mar 10, 2026
Liontown Resources has scheduled a webcast for investors, analysts and media on 12 March 2026, during which CEO and Managing Director Tony Ottaviano will present and discuss the company’s half-year results for the period ended 31 December 20...
State Street Group Ceases to Be Substantial Holder in Liontown Resources
Mar 9, 2026
State Street Corporation and several of its asset management and trust subsidiaries, including State Street Global Advisors entities in the U.S., Europe, and Australia, have lodged a notice that they have ceased to be a substantial holder in Liont...
Citigroup Exits Substantial Holding in Liontown After Major Share Sale
Mar 2, 2026
Citigroup Global Markets Australia Pty Limited and its related Citi group entities have notified Liontown Ltd that they have ceased to be a substantial holder in the company as of 2 March 2026, in relation to its ordinary fully paid shares. The ch...
Liontown Ceases to Be Substantial Holder After LGES Share Sale
Feb 27, 2026
Liontown Limited has lodged a notice under Australia’s Corporations Act confirming it has ceased to be a substantial holder of its own shares that were previously subject to a deemed relevant interest. The change follows LG Energy Solution&#...
Liontown issues risk-focused investor update on Kathleen Valley and Buldania lithium projects
Feb 22, 2026
Liontown Resources has released an investor presentation dated 23 February 2026 outlining summary information on its current activities, notably the status of its Kathleen Valley and Buldania lithium projects. The document emphasises that it is ge...
State Street Group Ceases to Be Substantial Holder in Liontown
Feb 9, 2026
State Street Corporation, through various asset management and trustee subsidiaries including SSGA Funds Management, State Street Global Advisors Trust Company and related entities, has lodged a Form 605 notice stating it has ceased to be a substa...
Liontown Seeks ASX Quotation for 239 Million New Shares
Feb 4, 2026
Liontown Limited has applied for quotation on the ASX of 239,460,858 new fully paid ordinary shares, to be issued on 4 February 2026. The new securities arise from the exercise or conversion of existing options or other convertible instruments, ex...
Liontown Outlines FY26 Quarter Results Under Strict Investor Disclaimers
Jan 29, 2026
Liontown Resources has released an investor presentation dated 29 January 2026 outlining its December quarter FY26 results and operational context for the Kathleen Valley Lithium Operation. The document is framed as high-level, non-exhaustive info...
Liontown Hits Underground Milestone as Costs Fall and Lithium Sales Surge
Jan 29, 2026
Liontown Resources reported a pivotal December quarter as it completed the transition of its flagship Kathleen Valley project to a fully underground operation, achieving a 21% quarter-on-quarter increase in concentrate production to 105,342 dmt at...
LG Energy Solution Converts US$250m Liontown Note into 8% Equity Stake
Jan 29, 2026
Liontown Limited has announced that LG Energy Solution will convert its entire US$250 million convertible note, including accrued interest, into approximately 239 million Liontown shares, giving the Korean battery manufacturer an estimated 8% equi...
Liontown Sets Investor Webcast to Present December Quarter Update
Jan 22, 2026
Liontown Resources has scheduled a webcast on 29 January 2026, to be led by CEO and Managing Director Tony Ottaviano, to discuss its Quarterly Activities Report for the period ended 31 December 2025. The briefing, aimed at investors, analysts and ...
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.