Lycopodium Limited (LYL) AI Stock Analysis

• Market Cap: $468.30M
• Dividend Yield: 2.95%
• Average Volume (3M): 41.83K
• Price to Earnings (P/E): 11.2
• Beta (1Y): 0.90
• Revenue Growth: -3.08%
• EPS Growth: -16.35%
• Country: AU
• Employees: 1,300
• Sector: Industrials
• Sector Strength: 72
• Industry: Engineering & Construction
• EPS (TTM): 0.44
• Shares Outstanding: 39,740,227
• 10 Day Avg. Volume: 28,353
• 30 Day Avg. Volume: 41,825
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.72
• Enterprise Value/Revenue: 1.01
• Enterprise Value/Gross Profit: 3.84
• Enterprise Value/Ebitda: 5.20
• 1Y Price Target: $13.50
• Price Target Upside: 13.74% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0

• Rating: 75 Outperform
• Price Target: AU$13.50 ▲(13.73% Upside)

Lycopodium Limited's strong financial performance and attractive valuation are the primary drivers of its score. The positive technical indicators further support a favorable outlook. However, concerns about declining revenue and cash flow growth slightly temper the overall score.

Lycopodium Limited Business Overview & Revenue Model

Company Description

Lycopodium Limited provides engineering and project delivery services in the resources, infrastructure, and industrial processes sectors. It operates through four segments: Mineral, Process Industries, Project Services-Africa, and Others. The company provides engineering and related services to junior exploration companies, multinational producers, manufacturing, and renewable energy facilities; project management, construction management, and commissioning services to the extractive mining industry; and asset management, engineering, architectural, and project delivery services to a range of private and public clients. It also offers metallurgical consulting services to mineral processing community in the field of comminution, hydrometallurgy, and mineral processing design; and drafting services to offshore entities. Lycopodium Limited was founded in 1992 and is headquartered in East Perth, Australia.

How the Company Makes Money

Lycopodium Limited generates revenue through a variety of service offerings primarily focused on engineering and project management. The company's main revenue streams include fees for conducting feasibility studies, providing engineering design services, and managing large-scale construction and infrastructure projects. Lycopodium often enters into contractual agreements with clients in the resources sector, which form the basis for its project engagements. Additionally, the company benefits from long-term partnerships and alliances with key industry players, which can lead to repeat business and steady income. By leveraging its expertise in the mining and infrastructure sectors, Lycopodium capitalizes on the demand for efficient project delivery and consultancy services, contributing significantly to its earnings.

Lycopodium Limited Financial Statement Overview

Summary

Lycopodium Limited demonstrates strong profitability with high margins and efficient cost management. The balance sheet is solid with low leverage and strong equity. However, declining revenue growth and negative free cash flow growth are potential concerns.

Income Statement

Lycopodium Limited shows strong profitability with a high gross profit margin of 92.1% and a solid net profit margin of 12.6% for the latest year. However, the revenue growth rate is negative at -0.5%, indicating a decline in sales. The EBIT and EBITDA margins are healthy at 15.9% and 20.3%, respectively, reflecting efficient cost management.

Balance Sheet

The company maintains a low debt-to-equity ratio of 0.11, indicating prudent financial leverage. Return on equity is robust at 27.8%, showcasing effective use of shareholder funds. The equity ratio stands at 63.0%, suggesting a strong equity base relative to total assets.

Cash Flow

Operating cash flow to net income ratio is 0.88, indicating good cash generation relative to earnings. However, free cash flow growth is negative at -9.1%, which could be a concern if it persists. The free cash flow to net income ratio is 0.83, showing that a significant portion of earnings is converted to free cash flow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	333.95M	333.94M	344.55M	323.88M	228.71M	158.06M
Gross Profit	88.21M	307.69M	312.49M	80.35M	42.38M	42.99M
EBITDA	65.18M	67.82M	74.55M	70.48M	45.64M	25.95M
Net Income	42.22M	42.22M	50.71M	46.78M	27.18M	14.20M
Balance Sheet
Total Assets	241.08M	241.08M	217.04M	219.83M	224.12M	169.66M
Cash, Cash Equivalents and Short-Term Investments	79.67M	79.67M	68.19M	82.41M	100.95M	76.84M
Total Debt	16.42M	16.42M	12.62M	15.70M	16.65M	17.90M
Total Liabilities	90.61M	90.61M	89.60M	106.87M	124.45M	81.99M
Stockholders Equity	151.87M	151.87M	128.06M	114.64M	100.50M	88.38M
Cash Flow
Free Cash Flow	35.60M	35.24M	26.76M	15.38M	37.72M	-15.82M
Operating Cash Flow	37.56M	37.21M	27.84M	19.79M	41.68M	-12.91M
Investing Cash Flow	-1.98M	-922.21K	1.26M	-4.45M	655.17K	-2.61M
Financing Cash Flow	-24.76M	-24.76M	-40.38M	-34.05M	-18.51M	-11.74M

Lycopodium Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.87
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:LYL, the sentiment is Positive. The current price of 11.87 is below the 20-day moving average (MA) of 11.92, above the 50-day MA of 11.73, and above the 200-day MA of 10.73, indicating a neutral trend. The MACD of 0.05 indicates Positive momentum. The RSI at 47.77 is Neutral, neither overbought nor oversold. The STOCH value of 14.67 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AU:LYL.

Lycopodium Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DUR	76 Outperform	AU$527.76M	22.53	30.71%	2.07%	3.10%	5.08%
LYL	75 Outperform	$468.30M	11.17	29.67%	2.95%	-3.08%	-16.35%
GNP	73 Outperform	AU$1.14B	31.91	22.14%	0.40%	36.30%	82.20%
SXE	71 Outperform	AU$533.88M	16.76	15.48%	3.73%	45.23%	43.94%
ACF	71 Outperform	AU$334.18M	14.33	―	5.46%	25.14%	-14.66%
GNG	70 Outperform	AU$647.01M	18.87	49.69%	5.70%	12.96%	8.19%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Lycopodium Limited Corporate Events

Lycopodium Secures EPCM Contract for Nyanzaga Gold Project in Tanzania

Lycopodium Limited has been awarded a significant Engineering, Procurement, and Construction Management (EPCM) contract for the Nyanzaga Gold Project in Tanzania, valued at approximately A$48 million. This project marks the third major collaboration with Perseus Mining and builds on Lycopodium’s previous involvement in the project’s feasibility and design phases. The contract involves the development of a 5 Mtpa carbon-in-leach processing plant and associated infrastructure, with first gold production expected in Q1 2027. This award strengthens Lycopodium’s position in the mining sector and reinforces its long-standing relationship with Perseus Mining, highlighting its capability to deliver complex projects in Africa.

Lycopodium Limited to Announce FY2025 Results and Host Webinar

Lycopodium Limited announced it will release its full-year financial results for FY2025 on August 20, 2025. The company will also host a webinar on the same day, providing stakeholders an opportunity to engage with the Managing Director and Chief Financial Officer. This announcement highlights Lycopodium’s commitment to transparency and stakeholder engagement, potentially impacting its market perception and investor relations.

Lycopodium Director Reduces Shareholding in Off-Market Sale

Lycopodium Limited has announced a change in the interests of its director, Bruno Ruggiero, involving the off-market sale of 650,000 fully paid ordinary shares valued at $6,750,705. This transaction reduces Ruggiero’s holdings to 1,000,520 fully paid ordinary shares and 52,047 Class A Performance Rights. The change in director’s interest does not appear to have occurred during a closed period, suggesting compliance with trading regulations.

Lycopodium Limited Appoints New Non-Executive Director

Lycopodium Limited has announced the appointment of Rob Radici as a Non-Executive Director, effective May 20, 2025. With 30 years of experience in major projects across various sectors, Mr. Radici’s expertise in commercial and contractual project delivery is expected to enhance the board’s capabilities, potentially strengthening Lycopodium’s industry positioning and stakeholder confidence.

Lycopodium Secures EPCM Contract for Twin Hills Gold Project in Namibia

Lycopodium Limited has been awarded a significant EPCM contract for the Twin Hills Gold Project in Namibia, valued at approximately A$40 million. This project, which is set to commence immediately with first gold production anticipated in Q1 2027, involves the development of a 5 Mtpa Carbon-in-Leach processing plant. The contract further solidifies Lycopodium’s presence in the region, leveraging their extensive expertise in gold mine development, and is expected to support future earnings.