Lithium Americas Corp. (LAC) AI Stock Analysis

• Market Cap: C$2.15B
• Dividend Yield: N/A
• Average Volume (3M): 1.27M
• Price to Earnings (P/E): ―
• Beta (1Y): 2.37
• Revenue Growth: N/A
• EPS Growth: -465.27%
• Country: CA
• Employees: 749
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): -1.16
• Shares Outstanding: 280,879,360
• 10 Day Avg. Volume: 1,019,784
• 30 Day Avg. Volume: 1,273,353
• PEG Ratio: -0.02
• Price to Book (P/B): 0.94
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.15
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$8.17
• Price Target Upside: 6.79% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 7
• EPS Forecast (FY): -0.45
• Revenue Forecast (FY): N/A

• Rating: 46 Neutral
• Price Target: C$6.00 ▼(-21.57% Downside)

The score is held down primarily by weak financial performance—large losses, negligible revenue, and heavy negative free cash flow—despite a balance sheet that remains a relative bright spot. Technicals also lean bearish with the stock below key moving averages and a negative MACD. Offsetting these, recent corporate events around DOE/GM funding progress and index inclusion are positive, but not enough to outweigh near-term profitability and cash-burn risks.

Positive Factors

Strategic Funding

The DOE loan supports the Thacker Pass project, enhancing the company's ability to establish a U.S. lithium supply chain, crucial for long-term growth.

Index Inclusion

Inclusion in the index increases visibility and credibility, potentially attracting more investors and enhancing market positioning.

Project Advancement

Progress at Thacker Pass indicates forward momentum in project development, critical for future revenue generation and market impact.

Negative Factors

Negative Cash Flow

Persistent negative cash flow indicates high cash burn, necessitating external funding and posing risks to financial stability.

Rising Debt Levels

Increased debt levels heighten financial risk and may constrain future operational and strategic flexibility.

Ongoing Losses

Continued losses reflect challenges in achieving profitability, impacting long-term financial health and investor confidence.

Lithium Americas Corp. Business Overview & Revenue Model

Company Description

Lithium Americas Corp. operates as a resource company in the United States and Argentina. The company explores for lithium deposits. It owns interests in the Cauchari-Olaroz project located in Jujuy province of Argentina; Thacker Pass project located in north-western Nevada; and Pastos Grandes project located in the Salta province of Argentina. The company was formerly known as Western Lithium USA Corporation and changed its name to Lithium Americas Corp. in March 2016. Lithium Americas Corp. was incorporated in 2007 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Lithium Americas Corp. generates revenue through the exploration and development of its lithium projects, which involves the extraction and processing of lithium compounds. The company earns money by selling these lithium compounds to manufacturers of batteries and other applications. Key revenue streams include the sale of lithium carbonate and lithium hydroxide, which are used in various industries, particularly the growing electric vehicle market. Significant partnerships with other mining companies and strategic investors help fund the development of its projects, contributing to its earnings. Additionally, LAC may engage in joint ventures or collaborative agreements to enhance its production capabilities and market reach.

Lithium Americas Corp. Financial Statement Overview

Summary

Income statement and cash flow are the primary drags: the company is deeply loss-making (TTM net loss ~$243M) with effectively negligible revenue, and cash generation is weak with negative operating cash flow (TTM ~-$56.6M) and sharply worse free cash flow (TTM ~-$647.7M). The balance sheet is a partial offset with positive equity (~$475.6M) and moderate leverage (debt-to-equity ~0.34), but total debt has risen sharply (to ~$405.3M), raising funding risk while losses persist.

Income Statement

The company remains firmly loss-making, with deep losses in TTM (Trailing-Twelve-Months) (net loss of about $243.0M) versus smaller—but still negative—results in prior annual periods (e.g., 2024 net loss of ~$42.5M and 2023 net loss of ~$5.1M). Revenue is effectively negligible (TTM revenue is slightly negative and prior annual revenue is $0), so margins shown are not economically meaningful and largely reflect the near-zero revenue base. The key positive is that losses have historically been smaller than the latest TTM (Trailing-Twelve-Months) spike suggests, but near-term earnings quality and visibility are weak.

Balance Sheet

The balance sheet shows meaningful asset and equity support in the latest TTM (Trailing-Twelve-Months) period (assets ~$1.45B; equity ~$475.6M), and leverage is moderate with debt-to-equity around 0.34. However, debt has risen sharply versus 2024 (total debt ~$405.3M vs ~$22.6M), increasing financial risk, and returns on equity are negative (TTM return on equity around -8.4%), reflecting ongoing losses. A notable improvement versus earlier years is that equity is now positive (it was negative in 2021–2022), but profitability is still the missing link.

Cash Flow

Cash generation is weak: operating cash flow is negative across all shown periods, including TTM (Trailing-Twelve-Months) (about -$56.6M), indicating the core business is consuming cash. Free cash flow is deeply negative and deteriorated materially in TTM (Trailing-Twelve-Months) (about -$647.7M) versus 2024 (about -$190.7M), consistent with heavy spending and/or investment needs. While free cash flow growth is positive in the latest two periods, it is improving from very negative levels, and the company still relies on external funding to sustain operations and investment.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	-17.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-110.02K	-992.00K	0.00	0.00	0.00	0.00
EBITDA	-228.50M	-41.64M	-28.61M	-60.06M	-43.84M	-22.59M
Net Income	-243.01M	-42.53M	-5.09M	-67.80M	-47.03M	-25.22M
Balance Sheet
Total Assets	1.45B	1.04B	436.89M	27.84M	10.85M	326.72M
Cash, Cash Equivalents and Short-Term Investments	385.31M	593.88M	195.52M	636.00K	933.00K	148.07M
Total Debt	405.32M	22.64M	3.89M	45.19M	41.76M	124.77M
Total Liabilities	555.30M	99.60M	32.04M	62.26M	52.54M	136.02M
Stockholders Equity	475.63M	635.00M	384.93M	-34.42M	-41.69M	190.70M
Cash Flow
Free Cash Flow	-647.71M	-190.71M	-227.79M	-57.62M	-44.87M	-20.92M
Operating Cash Flow	-56.64M	-13.01M	-37.96M	-49.93M	-45.55M	-21.32M
Investing Cash Flow	-591.06M	-177.69M	-188.94M	-20.64M	2.25M	-661.00K
Financing Cash Flow	691.85M	589.08M	430.71M	72.34M	41.11M	21.20M

Lithium Americas Corp. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 7.65
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:LAC, the sentiment is Positive. The current price of 7.65 is above the 20-day moving average (MA) of 6.80, above the 50-day MA of 7.01, and above the 200-day MA of 5.41, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 59.36 is Neutral, neither overbought nor oversold. The STOCH value of 93.37 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:LAC.

Lithium Americas Corp. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LITH	56 Neutral	C$125.00M	-239.13	-0.96%	―	―	-107.23%
LTH	51 Neutral	C$249.19M	-71.27	-53.32%	―	―	93.58%
LAC	46 Neutral	C$2.15B	-5.37	-42.69%	―	―	-465.27%
RCK	46 Neutral	C$106.10M	-8.23	-34.52%	―	―	36.48%
SGML	46 Neutral	C$2.06B	-43.91	-35.25%	―	-11.65%	34.89%

Lithium Americas Corp. Corporate Events

Lithium Americas Joins S&P/TSX Composite Index, Marking Major Milestone

Lithium Americas Corp. announced its inclusion in the S&P/TSX Composite Index, a significant milestone that underscores its progress and commitment to advancing the Thacker Pass project towards industrial-scale lithium production. This inclusion highlights the company’s strategic positioning within the North American critical mineral supply chain and its potential impact on stakeholders, as it moves closer to becoming a key player in the lithium market.

The most recent analyst rating on (TSE:LAC) stock is a Buy with a C$8.00 price target. To see the full list of analyst forecasts on Lithium Americas Corp. stock, see the TSE:LAC Stock Forecast page.

Lithium Americas Secures $435 Million DOE Loan for Thacker Pass Project

Lithium Americas Corp. has received a $435 million drawdown from a $2.23 billion loan provided by the U.S. Department of Energy to finance the construction of processing facilities at Thacker Pass, Nevada. This funding marks a significant step in establishing a U.S.-domestic lithium supply chain, with construction underway and a growing workforce. The loan structure allows for flexible monthly drawdowns and has a 23-year tenor, with repayments starting in 2029, positioning the company strategically in the lithium industry.

The most recent analyst rating on (TSE:LAC) stock is a Sell with a C$5.00 price target. To see the full list of analyst forecasts on Lithium Americas Corp. stock, see the TSE:LAC Stock Forecast page.

Lithium Americas Finalizes DOE Loan Amendments and Completes ATM Program

Lithium Americas Corp. has finalized amendments to its $2.23 billion loan from the U.S. Department of Energy for the construction of processing facilities at Thacker Pass. The amendments include deferring $184 million in debt service obligations and providing the DOE with equity stakes in the company and its joint venture. Additionally, the company completed its at-the-market equity program, raising nearly $100 million. These developments are expected to bolster the company’s financial position and support the advancement of the Thacker Pass project, which is crucial for its strategic positioning in the lithium industry.

The most recent analyst rating on (TSE:LAC) stock is a Sell with a C$5.00 price target. To see the full list of analyst forecasts on Lithium Americas Corp. stock, see the TSE:LAC Stock Forecast page.