(LAC) Lithium Americas - Overview
Stock: Lithium, Thacker Pass, Deposits, Processing
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 80.6% |
| Relative Tail Risk | -12.1% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.80 |
| Alpha | 32.57 |
| Character TTM | |
|---|---|
| Beta | 1.182 |
| Beta Downside | 1.819 |
| Drawdowns 3y | |
|---|---|
| Max DD | 81.83% |
| CAGR/Max DD | -0.35 |
Description: LAC Lithium Americas December 26, 2025
Lithium Americas Corp. (NYSE:LAC) is a Vancouver-based miner focused on developing, building, and operating lithium-brine deposits and associated chemical processing facilities in the United States and Canada. Its flagship project, Thacker Pass in Nevada’s McDermitt Caldera, is slated to become one of the largest hard-rock lithium operations in North America, while the company also holds a portfolio of exploration assets across the two countries. LAC was incorporated in 2023 and trades as a common stock under the Diversified Metals & Mining sub-industry.
Key quantitative drivers (as of the latest public filings) include: (1) an estimated production capacity of ~70,000 metric tons of lithium carbonate equivalent (LCE) per year at Thacker Pass, with capital expenditures projected around $2.2 billion; (2) a forward-looking cost target of roughly $4,500 per tonne LCE, which would place the project among the lower-cost peers in a market where average cash-costs are currently $6,000-$7,000 per tonne; and (3) a macro-level demand catalyst-BloombergNEF forecasts global lithium demand to grow at a 19 % compound annual growth rate through 2030, driven primarily by electric-vehicle battery production.
For a deeper dive into LAC’s valuation metrics and scenario analysis, see the ValueRay profile.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income: -241.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.45 > 0.02 and ΔFCF/TA -16.35 > 1.0 |
| NWC/Revenue: -1.68b% < 20% (prev 607.8k%; Δ -1.68b% < -1%) |
| CFO/TA -0.04 > 3% & CFO -56.6m > Net Income -241.5m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 3.77 > 1.5 & < 3 |
| Outstanding Shares: last quarter (238.7m) vs 12m ago 9.48% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: -0.00% > 50% (prev 0.01%; Δ -0.01% > 0%) |
| Interest Coverage Ratio: -7890 > 6 (EBITDA TTM -242.6m / Interest Expense TTM 31.0k) |
Altman Z'' -0.01
| A: 0.20 (Total Current Assets 388.6m - Total Current Liabilities 103.1m) / Total Assets 1.45b |
| B: -0.19 (Retained Earnings -276.5m / Total Assets 1.45b) |
| C: -0.23 (EBIT TTM -244.6m / Avg Total Assets 1.07b) |
| D: 0.82 (Book Value of Equity 452.7m / Total Liabilities 555.3m) |
| Altman-Z'' Score: -0.01 = B |
What is the price of LAC shares?
Over the past week, the price has changed by -4.31%, over one month by -14.50%, over three months by +2.42% and over the past year by +51.79%.
Is LAC a buy, sell or hold?
- StrongBuy: 4
- Buy: 3
- Hold: 8
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the LAC price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 6.4 | 37.1% |
| Analysts Target Price | 6.4 | 37.1% |
| ValueRay Target Price | 4.9 | 4.5% |
LAC Fundamental Data Overview February 05, 2026
P/S = 177.9725
P/B = 3.2988
Revenue TTM = -17.0 USD
EBIT TTM = -244.6m USD
EBITDA TTM = -242.6m USD
Long Term Debt = 387.0m USD (from longTermDebt, last quarter)
Short Term Debt = 5.60m USD (from shortTermDebt, last quarter)
Debt = 405.3m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 20.0m USD (from netDebt column, last quarter)
Enterprise Value = 1.59b USD (1.57b + Debt 405.3m - CCE 385.3m)
Interest Coverage Ratio = -7890 (Ebit TTM -244.6m / Interest Expense TTM 31.0k)
EV/FCF = -2.45x (Enterprise Value 1.59b / FCF TTM -647.7m)
FCF Yield = -40.76% (FCF TTM -647.7m / Enterprise Value 1.59b)
WARNING: Negative Revenue TTM = -17.0
FCF Margin = 3.81b% (FCF TTM -647.7m / Revenue TTM -17.0)
WARNING: Negative Revenue TTM = -17.0
Net Margin = 1.42b% (Net Income TTM -241.5m / Revenue TTM -17.0)
WARNING: Negative Revenue TTM = -17.0
Gross Margin = unknown ((Revenue TTM -17.0 - Cost of Revenue TTM 1.45m) / Revenue TTM)
Tobins Q-Ratio = 1.09 (Enterprise Value 1.59b / Total Assets 1.45b)
Interest Expense / Debt = 0.01% (Interest Expense 31.0k / Debt 405.3m)
Taxrate = 21.0% (US default 21%)
NOPAT = -193.2m (EBIT -244.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.77 (Total Current Assets 388.6m / Total Current Liabilities 103.1m)
Debt / Equity = 0.85 (Debt 405.3m / totalStockholderEquity, last quarter 475.6m)
Debt / EBITDA = -0.08 (negative EBITDA) (Net Debt 20.0m / EBITDA -242.6m)
Debt / FCF = -0.03 (negative FCF - burning cash) (Net Debt 20.0m / FCF TTM -647.7m)
Total Stockholder Equity = 588.1m (last 4 quarters mean from totalStockholderEquity)
RoA = -22.58% (Net Income -241.5m / Total Assets 1.45b)
RoE = -41.06% (Net Income TTM -241.5m / Total Stockholder Equity 588.1m)
RoCE = -25.08% (EBIT -244.6m / Capital Employed (Equity 588.1m + L.T.Debt 387.0m))
RoIC = -26.41% (negative operating profit) (NOPAT -193.2m / Invested Capital 731.6m)
WACC = 8.16% (E(1.57b)/V(1.97b) * Re(10.27%) + D(405.3m)/V(1.97b) * Rd(0.01%) * (1-Tc(0.21)))
Discount Rate = 10.27% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 21.47%
Fair Price DCF = unknown (Cash Flow -647.7m)
EPS Correlation: -15.19 | EPS CAGR: -70.47% | SUE: -4.0 | # QB: 0
Revenue Correlation: 8.40 | Revenue CAGR: 0.0% | SUE: 0.0 | # QB: 0
EPS next Quarter (2026-03-31): EPS=-0.08 | Chg30d=-0.010 | Revisions Net=+0 | Analysts=1
EPS next Year (2026-12-31): EPS=-0.37 | Chg30d=+0.000 | Revisions Net=+2 | Growth EPS=+61.6% | Growth Revenue=+0.0%