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Sayona Mining (AU:SYA)
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Sayona Mining (SYA) AI Stock Analysis

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AU:SYA

Sayona Mining

(Sydney:SYA)

Rating:49Neutral
Price Target:
AU$0.00
▼(-100.00% Downside)
Sayona Mining's overall score is driven by its financial performance challenges, particularly in profitability and cash flow. While technical indicators suggest some positive momentum, the negative valuation metrics weigh heavily. The earnings call provided a positive outlook, but its weight was redistributed due to exclusion.

Sayona Mining (SYA) vs. iShares MSCI Australia ETF (EWA)

Sayona Mining Business Overview & Revenue Model

Company DescriptionSayona Mining Limited (SYA) is an emerging lithium producer headquartered in Australia, focusing on the exploration and development of lithium resources to support the growing demand for battery metals. The company primarily operates in the mining and energy sectors, with a core focus on developing lithium projects in Canada and Australia. Sayona Mining aims to become a leading supplier of lithium to the burgeoning electric vehicle and renewable energy markets.
How the Company Makes MoneySayona Mining generates revenue through the exploration, development, and eventual production of lithium resources. The company's key revenue streams include the sale of lithium concentrate extracted from its mining operations. Significant projects contributing to its revenue include the North American Lithium (NAL) project in Quebec, Canada, and other strategic lithium resource developments. Sayona leverages partnerships and joint ventures with other mining and energy companies to enhance its operational capabilities and expand its market reach. The value of lithium as a crucial component in battery manufacturing for electric vehicles and energy storage systems substantially contributes to the company's earnings potential.

Sayona Mining Earnings Call Summary

Earnings Call Date:Aug 29, 2025
(Q2-2025)
|
% Change Since: |
Next Earnings Date:Mar 12, 2026
Earnings Call Sentiment Positive
The earnings call presented a generally positive outlook with substantial growth in sales and revenue, cost improvements, and a strong cash position. The merger with Piedmont is a significant strategic achievement. However, there were challenges such as increased injury frequency, slight production decline, and weather-related operational disruptions.
Q2-2025 Updates
Positive Updates
Record Ore Mined
Ore mined increased by nearly 54% quarter-on-quarter to just over 370,000 tonnes, reflecting increased mining activity.
Sales and Revenue Growth
Sales of spodumene reached a record 66,000 tonnes, up 35% quarter-on-quarter. Revenue increased by 33% to AUD70 million.
Cost Improvements
Unit operating costs on a tonnes sold basis declined by 6% quarter-on-quarter. Compared to Q4 FY 2024, costs decreased by over 16%.
Cash Position and Capital Expenditure
Cash balance increased by 6% to AUD110 million. Capital expenditure for the quarter was AUD7 million, focused on tailings storage expansion and process optimization.
Merger with Piedmont
Definitive merger agreement with Piedmont signed, creating a leading lithium business with a 50-50 equity split. Sayona raised AUD38 million after costs.
Improved Mill Utilization and Recovery
Mill utilization remained strong at 90%, and lithium recovery improved by 1% to 68%.
Negative Updates
Injury Frequency Increase
Increase in injury frequency rate due to exploration activities at Moblan, despite overall safety performance improving compared to FY 2024.
Slight Production Decline
Spodumene concentrate production was slightly down 2% quarter-on-quarter, mainly due to planned maintenance shutdown and weather-related disruptions.
Challenges with Weather Conditions
Unseasonal warm weather followed by flash freezes impacted the crushing area, causing operational challenges.
Increased Mining Costs
Mining activity costs increased due to reinstituting in-pit inventory and pioneering work on new phases.
Company Guidance
During the Sayona Mining Limited FY 2025 December Quarter Results call, CEO Lucas Dow provided comprehensive guidance on the company's performance metrics and future outlook. The quarter saw a notable 54% increase in ore mined, totaling over 370,000 tonnes, attributed to enhanced mining activities and productivity improvements. Mill utilization remained robust at 90% despite a planned maintenance shutdown, while lithium recovery improved to 68%, indicating process stability. Spodumene concentrate production slightly declined due to maintenance and weather-related disruptions, but sales hit a record 66,000 tonnes, driving up revenue by 33% to AUD70 million. The unit operating cost improved by 6% quarter-on-quarter to AUD1,258 per tonne sold and AUD1,088 per tonne produced, underscoring cost optimization efforts. Capital expenditure was AUD7 million, with a focus on tailings capacity expansion and site improvements. Exploration activities continued at NAL and Moblan, with promising drilling results suggesting strong resource expansion potential. The company reiterated its FY 2025 guidance with production targets of 190,000 to 210,000 tonnes of spodumene and unit operating costs between AUD1,150 and AUD1,300, emphasizing efficiency and cost competitiveness. The announced merger with Piedmont aims to strengthen Sayona's market position, with anticipated completion in the first half of 2025, further bolstering the company's strategic and financial positioning.

Sayona Mining Financial Statement Overview

Summary
Sayona Mining shows revenue growth but struggles with profitability and cash flow. The low debt-to-equity ratio is a positive, yet negative net profit margins and cash flow issues highlight operational inefficiencies.
Income Statement
45
Neutral
Sayona Mining's income statement shows a mixed performance. The company has achieved a revenue growth rate of 9.26% in the latest year, indicating positive sales momentum. However, profitability remains a significant concern, with negative net profit margins and EBIT margins, reflecting operational challenges and high costs relative to revenue. The gross profit margin has decreased from the previous year, suggesting pressure on cost management.
Balance Sheet
55
Neutral
The balance sheet of Sayona Mining reveals a relatively low debt-to-equity ratio of 0.18, indicating conservative leverage and a strong equity base. However, the return on equity is negative, highlighting inefficiencies in generating returns for shareholders. The equity ratio is stable, suggesting a solid capital structure, but the negative ROE is a concern for long-term profitability.
Cash Flow
40
Negative
Cash flow analysis shows Sayona Mining facing challenges with negative operating cash flow and free cash flow, indicating liquidity pressures. The free cash flow to net income ratio is high, suggesting that the company is not efficiently converting its net income into cash. The decline in free cash flow growth rate further emphasizes the need for improved cash management.
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue204.43M223.37M200.87M1.70M387.00K645.39K
Gross Profit91.67M146.98M178.29M-4.47M337.00K593.63K
EBITDA-99.26M-341.66M-78.09M-19.03M-20.57M-3.56M
Net Income-123.78M-294.29M-101.40M-13.63M58.89M-4.38M
Balance Sheet
Total Assets984.06M652.71M952.51M1.01B661.16M71.72M
Cash, Cash Equivalents and Short-Term Investments110.39M72.29M90.62M211.12M184.56M35.50M
Total Debt79.55M77.55M30.62M31.21M23.47M52.76K
Total Liabilities197.09M177.27M156.88M124.75M100.54M3.84M
Stockholders Equity665.55M420.22M665.04M756.16M504.02M61.39M
Cash Flow
Free Cash Flow-119.92M-64.42M-193.37M-259.84M-45.67M-15.48M
Operating Cash Flow-52.70M-14.79M-64.64M-66.48M-13.64M-11.18M
Investing Cash Flow-51.36M-49.63M-114.04M-129.92M-237.44M2.19M
Financing Cash Flow57.91M46.08M60.34M221.25M408.25M44.29M

Sayona Mining Technical Analysis

Technical Analysis Sentiment
Negative
Last Price0.02
Price Trends
50DMA
0.02
Positive
100DMA
0.02
Positive
200DMA
0.02
Positive
Market Momentum
MACD
<0.01
Positive
RSI
42.95
Neutral
STOCH
25.00
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:SYA, the sentiment is Negative. The current price of 0.02 is below the 20-day moving average (MA) of 0.03, 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 Positive momentum. The RSI at 42.95 is Neutral, neither overbought nor oversold. The STOCH value of 25.00 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:SYA.

Sayona Mining Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
61
Neutral
$10.37B6.45-0.08%2.84%3.09%-36.03%
49
Neutral
$600.36M-52.27%6.51%-172.73%
$166.94M-21.25%
$159.11M-18.45%
€91.89M-6.71%
AU$193.81M-40.70%
58
Neutral
AU$210.19M14.59-3.24%1.45%14.64%-213.25%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:SYA
Sayona Mining
0.02
0.00
0.00%
CXOXF
Core Lithium Ltd
0.07
0.02
40.00%
PLLTL
Piedmont Lithium
0.10
0.03
42.86%
DE:9CH
Galan Lithium Limited
0.08
0.02
33.33%
AU:CTM
Centaurus Metals Limited
0.35
-0.05
-12.50%
AU:OMH
OM Holdings Ltd.
0.28
-0.11
-28.21%

Sayona Mining Corporate Events

Sayona Mining to Update Market Post-Merger with Piedmont Lithium
Sep 9, 2025

Sayona Mining Limited announced it will provide a market update following the completion of its merger with Piedmont Lithium. The company plans to host an investor webcast and call on September 16, 2025, to discuss the merger’s implications, which could significantly impact its operations and industry positioning.

The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.

Sayona Mining Expands Market Presence with New Securities Quotation
Sep 9, 2025

Sayona Mining Limited has announced the quotation of 97,500 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions, potentially enhancing the company’s capital structure and market presence. The issuance of these securities could support Sayona Mining’s strategic initiatives in the lithium sector, potentially benefiting stakeholders by bolstering the company’s capacity to meet the increasing demand for lithium products.

The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.

Sayona Mining Issues Over 2 Billion New Shares in Strategic Placement
Sep 5, 2025

Sayona Mining Limited has issued 2,156,250,000 new fully paid ordinary shares at an issue price of A$0.032 per share to Resource Capital Fund VIII L.P. This issuance is part of a conditional institutional placement previously announced and approved by shareholders. The company has complied with relevant provisions of the Corporations Act, and there is no excluded information as per the Act. This move is expected to bolster Sayona Mining’s financial position and support its strategic initiatives.

The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.

Sayona Mining Issues Over 400 Million Unquoted Options
Sep 4, 2025

Sayona Mining Limited announced the issuance of 408,541,913 unquoted options as part of a transaction previously disclosed to the market. This move is part of Sayona’s strategic efforts to enhance its financial flexibility and support its ongoing projects, potentially impacting its market position and stakeholder interests positively.

The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.

Sayona Mining to Quote Over 2 Billion New Securities on ASX
Sep 4, 2025

Sayona Mining Limited has announced the application for quotation of 2,156,250,000 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of previously announced transactions and is expected to enhance the company’s capital base, potentially strengthening its position in the lithium market and providing opportunities for growth and expansion.

The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.

Sayona Mining Announces Director Departure and Potential Implications
Sep 1, 2025

Sayona Mining Limited has announced the cessation of Paul Anthony Crawford as a director, effective August 30, 2025. This change in the board may impact the company’s strategic direction and stakeholder relations, as Crawford held significant indirect interests in the company through Cropanly Pty Ltd, which owns over 166 million shares.

The most recent analyst rating on (AU:SYA) stock is a Buy with a A$0.03 price target. To see the full list of analyst forecasts on Sayona Mining stock, see the AU:SYA Stock Forecast page.

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.Date of analysis: Sep 09, 2025