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Savannah Resources
(LSE:SAV)
Select Model
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Rating:51Neutral
Price Target:
6.00 p
▲(10.09% Upside)
Action:Reiterated
Date:05/09/26
The score is held down primarily by weak financial performance—zero revenue, ongoing losses, and continued cash burn—despite the benefit of very low leverage and a sizeable equity base. Technicals are supportive of an uptrend, but extremely overbought readings increase near-term risk. Valuation is also constrained by negative earnings and no dividend yield data.
Positive Factors
Low leverage, strong equity base
A very low debt load and sizable equity position provide durable financial flexibility for a pre-revenue developer. This reduces insolvency risk, supports multi-year permitting and development programs, and improves ability to structure project financing or partner deals without urgent refinancing pressure.
Negative Factors
Pre-revenue with persistent losses
A pre-revenue profile with recurring net losses is a structural constraint: no internal cash generation from operations means the company cannot self-fund development. Continued negative earnings extend reliance on external capital, raising dilution and execution risk if funding conditions tighten or timelines slip.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage, strong equity base
A very low debt load and sizable equity position provide durable financial flexibility for a pre-revenue developer. This reduces insolvency risk, supports multi-year permitting and development programs, and improves ability to structure project financing or partner deals without urgent refinancing pressure.
Read all positive factors
Savannah Resources (SAV) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£157.10M
Dividend YieldN/A
Average Volume (3M)2.65M
Price to Earnings (P/E)―
Beta (1Y)0.22
Revenue GrowthN/A
EPS Growth14.29%
CountryUK
Employees27
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)>-0.01
Shares Outstanding2,575,449,700
10 Day Avg. Volume2,666,222
30 Day Avg. Volume2,652,175
Financial Highlights & Ratios
PEG Ratio0.98
Price to Book (P/B)1.87
Price to Sales (P/S)0.00
P/FCF Ratio-23.82
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£12.33Price Target Upside126.30% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering3
EPS Forecast (FY)>-0.01
Revenue Forecast (FY)N/A
Savannah Resources Business Overview & Revenue Model
Company Description
Savannah Resources Plc focuses on the exploration and development of lithium deposits, primarily operating within Portugal. A key asset in its portfolio is the Barroso lithium project, which is located in the northern part of the country. Formed i...
How the Company Makes Money
Savannah Resources is a pre-revenue/early-stage resource developer and, based on publicly available information, does not have a stable operating revenue stream from mining production. Its business model is to create value by acquiring, exploring,...
Savannah Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
28
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -197.93K | -48.48K | -22.09K | -23.46K | -35.37K |
| EBITDA | -4.22M | -4.37M | -3.43M | -2.66M | -3.48M |
| Net Income | -4.06M | -4.24M | -3.62M | -2.86M | -3.52M |
Balance Sheet | |||||
| Total Assets | 56.97M | 42.73M | 30.79M | 26.37M | 28.90M |
| Cash, Cash Equivalents and Short-Term Investments | 17.36M | 17.00M | 9.03M | 7.21M | 13.03M |
| Total Debt | 704.16K | 379.06K | 56.38K | 17.63K | 1.13K |
| Total Liabilities | 6.06M | 3.54M | 2.84M | 1.11M | 1.68M |
| Stockholders Equity | 50.91M | 39.19M | 27.94M | 25.26M | 27.23M |
Cash Flow | |||||
| Free Cash Flow | -4.00M | -7.78M | -4.48M | -6.70M | -5.74M |
| Operating Cash Flow | -3.68M | -3.58M | -2.91M | -4.07M | -3.50M |
| Investing Cash Flow | -8.09M | -6.80M | -1.48M | -2.51M | 4.92M |
| Financing Cash Flow | 13.87M | 15.96M | 6.29M | -5.29K | 9.79M |
Savannah Resources 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% | |
58 Neutral | £148.68M | -25.73 | -78.51% | ― | ― | -37.29% | |
51 Neutral | £157.10M | -35.88 | -9.10% | ― | ― | 14.29% | |
48 Neutral | £47.84M | -0.03 | 0.25% | ― | ― | 44.90% | |
47 Neutral | £84.00M | -2.32 | -18.64% | ― | ― | ― | |
46 Neutral | £124.23M | -32.80 | -15.04% | ― | ― | 36.62% | |
41 Neutral | £62.14M | -6.10 | -21.95% | ― | ― | -135.71% |
* Basic Materials Sector Average
GB:SAV
Savannah Resources
6.10
2.55
71.83%
GB:ALL
Atlantic Lithium
15.50
8.36
117.09%
GB:JLP
Jubilee Metals Group
2.60
-0.85
-24.64%
GB:KOD
Kodal Minerals
0.31
0.02
8.93%
GB:RBW
Rainbow Rare Earths
21.25
10.25
93.18%
GB:ZNWD
Zinnwald Lithium Plc
8.82
3.67
71.26%
Savannah Resources Corporate Events
Business Operations and Strategy
Savannah deepens local ties as Barroso lithium project momentum builds
Positive
Jun 17, 2026
Savannah Resources, developer of the Barroso Lithium Project in northern Portugal, is positioning itself as a key supplier of battery-grade lithium to Europe under the EU Critical Raw Materials Act. The company aims to balance environmental safegu...
Business Operations and StrategyLegal Proceedings
Savannah Resources Halts Some Barroso Lithium Work Amid New Court Challenge
Negative
Jun 9, 2026
Savannah Resources has temporarily halted work on certain areas of its Barroso Lithium Project after a local communal land entity filed a precautionary measure against Portugal’s Environment Energy Ministry, contesting a state-approved temp...
Business Operations and StrategyPrivate Placements and Financing
Savannah Resources Issues New Shares After Executive Option Exercise
Positive
May 26, 2026
Savannah Resources, the AIM-listed developer of the Barroso Lithium Project in Portugal, has issued 1.3 million new ordinary shares following the exercise of share options by its chief financial officer, Henrique Freire, and another employee under...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Savannah Resources Wins Full Shareholder Backing at AGM
Positive
May 21, 2026
Savannah Resources said all resolutions were approved at its latest annual general meeting, including the receipt of its 2025 financial statements and the reappointment of directors Paulo Pinto and Diogo da Silveira. Shareholders also backed the r...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
Savannah Resources secures major Portuguese grant as Barroso lithium project advances
Positive
May 21, 2026
Savannah Resources, developer of the Barroso Lithium Project in northern Portugal, is positioning itself as a key supplier of locally sourced lithium for Europe’s battery value chain. Once operational, the project is expected to produce arou...
Business Operations and StrategyRegulatory Filings and Compliance
Savannah Resources Advances Barroso Lithium Project Amid Revised Environmental Timeline
Positive
May 18, 2026
Savannah Resources, developer of the Barroso Lithium Project in Portugal, is progressing technical workstreams as it advances Europe’s largest spodumene lithium deposit toward production. The company aims to supply locally sourced lithium fo...
Business Operations and StrategyRegulatory Filings and Compliance
Savannah Resources Wins Second Temporary Land Access for Barroso Lithium Project
Positive
May 6, 2026
Savannah Resources, developer of the Barroso Lithium Project in northern Portugal and owner of Europe’s largest spodumene lithium deposit, has secured a second temporary access to land on its C-100 mining lease that it does not yet own. The ...
Business Operations and StrategyExecutive/Board Changes
Savannah Resources grants new equity incentives as Barroso lithium project advances
Positive
May 1, 2026
Savannah Resources, developer of the Barroso Lithium Project in northern Portugal, is advancing what is described as Europe’s largest spodumene lithium deposit, designated a Strategic Project under the EU’s Critical Raw Materials Act. ...
Business Operations and StrategyFinancial Disclosures
Savannah Resources Updates Investors on Strategic Portuguese Lithium Project
Positive
Apr 21, 2026
Savannah Resources, the AIM-listed developer of the Barroso Lithium Project in northern Portugal, is positioning itself as a key supplier of battery-grade lithium to Europe. The project aims to produce about 190,000 tonnes per year of spodumene co...
Business Operations and Strategy
Savannah Resources Confirms Internal Transfer of 10% Stake to Telmory
Neutral
Apr 17, 2026
Savannah Resources has disclosed that Portuguese investor Grupo Lusiaves SGPS has transferred its 10% stake in the company to Telmory, LDA, another vehicle ultimately owned by the same shareholder and related parties. Following the internal reorga...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and FinancingShareholder Meetings
Savannah Resources Secures €110m State Backing as Barroso Lithium Project Advances
Positive
Apr 16, 2026
Savannah Resources reported a 2025 loss from continuing operations of £4.0 million, slightly improved from 2024, while bolstering its balance sheet through £14.6 million of new equity and ending the year with £17.2 million in cash p...
Business Operations and Strategy
Savannah Resources Schedules Investor Briefing on Strategic Portuguese Lithium Project
Positive
Apr 7, 2026
Savannah Resources, developer of the Barroso Lithium Project in northern Portugal, aims to supply locally sourced lithium for Europe’s battery value chain. Once operational, the project is expected to produce around 190,000 tonnes per year o...
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.