LIONTOWN LIMITED (LTR)
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LTR

LTR - LIONTOWN LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -31.07
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$1.76

25 Jun
2026

-0.140

OPEN

$1.87

-7.37%

HIGH

$1.87

23,867,640

LOW

$1.74

TARGET
$2.292 30.2% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
LTR: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 3.1 7.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A 100.0% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 12.9 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx3.1
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx639.1 M
Book Value Per Share xxxxxxxxxxxxxxx46.3
Net Operating Cash Flow xxxxxxxxxxxxxxx170.3 M
Net Profit Margin xxxxxxxxxxxxxxx14.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx9.02 %
Return on Invested Capital xxxxxxxxxxxxxxx6.27 %
Return on Assets xxxxxxxxxxxxxxx5.01 %
Return on Equity xxxxxxxxxxxxxxx9.02 %
Return on Total Capital xxxxxxxxxxxxxxx2.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx36.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx61 M
Long Term Debt xxxxxxxxxxxxxxx443 M
Total Debt xxxxxxxxxxxxxxx505 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx561 M
Price To Book Value xxxxxxxxxxxxxxx3.64

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx134.0 M
Capex % of Sales xxxxxxxxxxxxxxx20.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx554 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx37 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx11 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxxx xx xxxxxxxxxx xxxx xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Morgans

04/05/2026

4

Downgrade to Trim from Hold

$2.20

25.00%

Following Liontown's 3Q report, Morgans raises its target by 40c to $2.20 and downgrades to Trim from Hold.

The broker assesses a weak 3Q26 result, with lower recoveries driving softer production, though this is thought to reflect ramp-up timing rather than structural issues.

Operationally, Kathleen Valley is progressing well, according to the analyst, reaching its underground run-rate ahead of schedule, with recoveries improving toward the end of the quarter as ore feed shifts.

Commentary notes the company generated positive cash flow and strengthened its balance sheet, while rising spodumene prices provide a supportive outlook for earnings and cash flow.

Improving recoveries and pricing are seen as key tailwinds, though Morgans believes much of the near-term upside is already reflected in valuation.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 1.50 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 16.10 cents.

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxxxxxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

04/05/2026

4

Underweight

$0.70

-60.23%

Jarden maintains an Underweight rating for Liontown while lifting the target price to $0.70 from $0.65 following the release of the March quarter report.

The broker notes the operation faced a mixed quarter; robust underground mining rates of 1.5mtpa were offset by a timing-driven sales miss caused by a cyclone-delayed shipment.

A significant focus of the update is a 430kt transitional feed shortfall anticipated in FY27, as lower-grade stockpiles deplete faster than the underground operation can ramp up to its 2.8mtpa nameplate capacity.

This dynamic sees the broker's FY27 production and earnings forecasts sit materially below market consensus.

The valuation increase stems from the incorporation of a 4mtpa expansion at Kathleen Valley from 2029, which embeds roughly -$300m in additional capital expenditure to support the expanded footprint.

FORECAST
Jarden forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.40 cents.
Jarden forecasts a full year FY27 dividend of 0.00 cents and EPS of 2.50 cents.
Access Extra Coverage Research History >

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