Sigma Lithium (TSE:SGML)
:SGML
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Sigma Lithium
(SGML)
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Rating:46Neutral
Price Target:
C$23.00
▼(-14.43% Downside)
Action:Reiterated
Date:05/17/26
The score is held down primarily by weak financial quality (large net losses and high leverage) and soft technicals (below the 20-day average with weak RSI/Stoch). The latest earnings call is a relative positive due to improving cash generation, deleveraging progress, and funded expansion/offtake momentum, but valuation remains unattractive given negative earnings and no dividend.
Positive Factors
Improving cash generation and deleveraging
Sustained positive operating cash flow and material debt repayment indicate improving financial resilience. Durable cash generation reduces reliance on equity or ad hoc financing, increases ability to fund organic expansion, and lowers refinancing risk versus prior multi-year cash burn.
Negative Factors
Elevated leverage remains material
Debt near twice equity leaves limited financial flexibility if commodity prices or operations weaken. Although leverage improved, ongoing net losses and elevated debt amplify refinancing and covenant risk, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving cash generation and deleveraging
Sustained positive operating cash flow and material debt repayment indicate improving financial resilience. Durable cash generation reduces reliance on equity or ad hoc financing, increases ability to fund organic expansion, and lowers refinancing risk versus prior multi-year cash burn.
Read all positive factors
Sigma Lithium (SGML) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$2.59B
Dividend YieldN/A
Average Volume (3M)88.59K
Price to Earnings (P/E)43.4
Beta (1Y)3.82
Revenue Growth-44.13%
EPS Growth-12.34%
CountryCA
Employees589
SectorBasic Materials
Sector Strength58
IndustryIndustrial Materials
Share Statistics
EPS (TTM)N/A
Shares Outstanding111,402,980
10 Day Avg. Volume98,032
30 Day Avg. Volume88,587
Financial Highlights & Ratios
PEG Ratio1.40
Price to Book (P/B)35.48
Price to Sales (P/S)18.26
P/FCF Ratio-238.06
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$24.07Price Target Upside-10.45% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sigma Lithium Business Overview & Revenue Model
Company Description
Sigma Lithium Corporation engages in the exploration and development of lithium deposits in Brazil. It holds 100% interest in the Grota do Cirilo, Genipapo, Santa Clara, and São José properties comprising 27 mineral rights covering an area of appr...
How the Company Makes Money
Sigma Lithium primarily makes money by selling lithium concentrate (spodumene concentrate) produced from its Brazilian hard-rock mining and processing operations. Revenue is generated when the company delivers contracted (or spot) shipments of con...
Sigma Lithium Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
38
Negative
Cash Flow
42
Neutral
| Breakdown | TTM | Dec 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 103.99M | 110.01M | 208.75M | 181.23M | 0.00 | 0.00 |
| Gross Profit | 28.06M | 18.42M | 42.68M | 88.90M | -102.00K | -57.61K |
| EBITDA | 5.82M | -1.35M | -32.27M | -4.91M | -126.68M | -31.99M |
| Net Income | -43.96M | -50.19M | -69.98M | -38.25M | -132.10M | -34.21M |
Balance Sheet | ||||||
| Total Assets | 325.58M | 293.75M | 470.56M | 487.24M | 308.91M | 193.78M |
| Cash, Cash Equivalents and Short-Term Investments | 15.12M | 6.21M | 66.05M | 64.40M | 96.35M | 154.31M |
| Total Debt | 136.97M | 143.33M | 254.31M | 176.63M | 3.67M | 514.52K |
| Total Liabilities | 253.13M | 237.12M | 337.73M | 272.95M | 125.80M | 8.72M |
| Stockholders Equity | 72.45M | 56.63M | 132.83M | 214.28M | 183.11M | 185.06M |
Cash Flow | ||||||
| Free Cash Flow | 1.66M | -8.44M | -47.42M | -76.57M | -133.09M | -22.86M |
| Operating Cash Flow | 2.83M | 2.44M | -24.35M | -30.79M | -5.44M | -4.26M |
| Investing Cash Flow | -11.25M | -11.96M | -32.56M | -82.22M | -132.53M | -18.60M |
| Financing Cash Flow | -22.41M | -33.31M | 72.12M | 77.83M | 79.79M | 165.15M |
Sigma Lithium Technical Analysis
Positive
26.88
Price Trends
18.06
Positive
17.64
Positive
13.15
Positive
Market Momentum
2.52
Negative
71.90
Negative
88.78
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SGML, the sentiment is Positive. The current price of 26.88 is above the 20-day moving average (MA) of 19.09, above the 50-day MA of 18.06, and above the 200-day MA of 13.15, indicating a bullish trend. The MACD of 2.52 indicates Negative momentum. The RSI at 71.90 is Negative, neither overbought nor oversold. The STOCH value of 88.78 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SGML.
Sigma Lithium 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% | |
54 Neutral | C$1.27B | -111.73 | -17.83% | ― | ― | ― | |
49 Neutral | C$114.00M | -11.21 | -34.10% | ― | ― | 28.46% | |
47 Neutral | C$2.43B | -872.55 | -11.98% | ― | ― | -161.83% | |
46 Neutral | C$2.59B | 43.39 | -53.97% | ― | -44.13% | -12.34% | |
45 Neutral | C$140.62M | 232.40 | -5.44% | ― | ― | 65.38% | |
41 Neutral | C$86.36M | -0.19 | -265.40% | ― | ― | 23.26% |
* Basic Materials Sector Average
TSE:SGML
Sigma Lithium
23.28
15.21
188.48%
TSE:ELBM
Electra Battery Materials Corp
0.82
-0.60
-42.25%
TSE:RCK
Rock Tech Lithium
0.95
-0.04
-4.04%
TSE:SLI
Standard Lithium Ltd
5.22
2.92
126.96%
TSE:LI
American Lithium
0.55
0.20
54.93%
TSE:LAC
Lithium Americas Corp.
6.91
2.97
75.38%
Sigma Lithium Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Sigma Lithium Secures US$100 Million Bank Backing to Double Lithium Output
Positive
Apr 2, 2026
Sigma Lithium has secured a US$100 million collateralized bank guarantee from a major Brazilian bank, backed by client corporate guarantees, letters of credit, and export receivables. The facility is intended to unlock development bank financing a...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Sigma Lithium Boosts Cash, Cuts Debt and Secures $146 Million in Lithium Offtakes
Positive
Mar 30, 2026
Sigma Lithium reported robust 2025 results, generating US$31 million in operating cash flow in the fourth quarter and achieving a 47% operating cash margin as it sharply reduced operating costs. The miner also used much of this cash to pay down ob...
Business Operations and StrategyFinancial Disclosures
Sigma Lithium Sets March 30, 2026 Webcast for 2025 Earnings Results
Positive
Mar 29, 2026
Sigma Lithium will host a full-year 2025 earnings presentation call on March 30, 2026, at 7:30 a.m. EST, with access provided via live webcast and an on-demand recording through its investor relations website. The timing underscores the company...
Business Operations and StrategyFinancial Disclosures
Sigma Lithium Sets March Date to Unveil Q4 2025 Earnings
Positive
Mar 5, 2026
Sigma Lithium said it will release its fourth-quarter 2025 earnings before markets open on March 30, 2026, followed by a conference call and webcast at 8:30 a.m. EST the same day. The scheduled earnings disclosure will give investors an updated vi...
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.