Liontown Resources Limited (AU:LTR)
ASX:LTR
Want to see AU:LTR full AI Analyst Report?
Top Page
Liontown Resources Limited
(Sydney:LTR)
Select Model
Select Model
Rating:55Neutral
Price Target:
AU$2.00
â–¼(-9.09% Downside)
Action:ReiteratedDate:04/17/26
The score is held back primarily by weak financial performance—large losses, rising leverage, and substantial free cash flow burn—despite a meaningful revenue ramp. Technicals are supportive with an established uptrend and positive momentum, while valuation provides limited support due to negative earnings and no stated dividend yield.
Positive Factors
Revenue ramp
A sharp FY2025 revenue increase to A$297.6m shows the company has moved from development to commercial sales, indicating established production and customer access. Durable revenue scale can underpin operating leverage, future margin recovery, and attract offtake or project financing over the next 2–6 months.
Negative Factors
Very weak margins
Extremely thin gross margins and large operating and net losses indicate the current cost structure and realized pricing are insufficient to generate sustainable profits. Without meaningful margin improvement or higher prices, earnings recovery will remain elusive despite revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue ramp
A sharp FY2025 revenue increase to A$297.6m shows the company has moved from development to commercial sales, indicating established production and customer access. Durable revenue scale can underpin operating leverage, future margin recovery, and attract offtake or project financing over the next 2–6 months.
Read all positive factors
Liontown Resources Limited (LTR) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$6.99B
Dividend YieldN/A
Average Volume (3M)24.25M
Price to Earnings (P/E)―
Beta (1Y)2.03
Revenue GrowthN/A
EPS Growth-184.29%
CountryAU
Employees289
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$1.87Price Target Upside-14.91% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering10
EPS Forecast (FY)0.03
Revenue Forecast (FY)AU$800.71M
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
LTR makes money primarily by producing and selling lithium products derived from mined spodumene-bearing ore. The core revenue model is: (1) mine and process ore into a saleable lithium concentrate (typically spodumene concentrate) at its operatio...
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
2.20
Price Trends
1.71
Positive
1.72
Positive
1.34
Positive
Market Momentum
0.10
Negative
70.92
Negative
88.06
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 2.2 is above the 20-day moving average (MA) of 1.77, above the 50-day MA of 1.71, and above the 200-day MA of 1.34, indicating a bullish trend. The MACD of 0.10 indicates Negative momentum. The RSI at 70.92 is Negative, neither overbought nor oversold. The STOCH value of 88.06 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
55 Neutral | AU$6.99B | -5.98 | -53.88% | ― | ― | -184.29% | |
46 Neutral | AU$991.59M | -8.93 | -10.17% | ― | -100.00% | 89.10% | |
46 Neutral | AU$430.45M | -17.97 | -1.80% | ― | ― | -12.50% | |
45 Neutral | AU$288.14M | -2.53 | -30.70% | ― | -62.37% | 23.19% | |
45 Neutral | AU$6.46B | -45.43 | -9.95% | ― | -37.23% | -32433.33% | |
43 Neutral | AU$1.57B | -4.01 | -12.79% | ― | 16.06% | -50.94% |
* Basic Materials Sector Average
AU:LTR
Liontown Resources Limited
2.24
1.70
314.81%
AU:SYR
Syrah Resources
0.12
-0.09
-43.90%
AU:CXO
Core Lithium Ltd
0.33
0.26
364.29%
AU:INR
ioneer Limited
0.14
0.00
0.00%
AU:IGO
IGO
7.01
3.35
91.53%
AU:VUL
Vulcan Energy Resources Ltd.
3.65
-0.32
-8.15%
Liontown Resources Limited Corporate Events
Liontown appoints new director Giselle Collins with no current shareholding
Apr 8, 2026
Liontown Limited has appointed Giselle Marie Collins as a director, effective 8 April 2026, and lodged the required initial director’s interest notice with the ASX. The filing confirms that Collins currently holds no relevant interests in th...
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.