CORE LITHIUM LIMITED (CXO)
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CXO - CORE LITHIUM LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: -0.27
Index: ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.345

25 Sep
2023

-0.010

OPEN

$0.35

-2.82%

HIGH

$0.36

11,940,950

LOW

$0.34

TARGET
$0.63 82.6% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
CXO: 1
Title FY21
Actual		 FY22
Actual		 FY23
Forecast		 FY24
Forecast
EPS (cps) xxx - 0.5 0.9 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 38.3 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A 0.0% 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 © 2023 FactSet UK Limited. All rights reserved
Title 201720182019202020212022
EPS Basic xxxxxxxxxxxxxxx-0.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx-
Book Value Per Share xxxxxxxxxxxxxxx13.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-6.2 M
Net Profit Margin xxxxxxxxxxxxxxx-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201720182019202020212022
Return on Capital Employed xxxxxxxxxxxxxxx-4.82 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.80 %
Return on Assets xxxxxxxxxxxxxxx-4.46 %
Return on Equity xxxxxxxxxxxxxxx-4.82 %
Return on Total Capital xxxxxxxxxxxxxxx-4.94 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-57.6 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 201720182019202020212022
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx1 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx135 M
Price To Book Value xxxxxxxxxxxxxxx6.93

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201720182019202020212022
Capex xxxxxxxxxxxxxxx69.2 M
Capex % of Sales xxxxxxxxxxxxxxx-
Cost of Goods Sold xxxxxxxxxxxxxxx0 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx8 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx-

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

1

xxxxxx xxxxxxxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

17/08/2023

5

Sell

$0.40

15.94%

Core Lithium has announced a $100m to $120m equity raising at a 27% discount - 300m shares at 40c each at a 26.6% discount to the prior close. A $100m institutional placement has been underwritten and another $20m is reserved for a share purchase plan.

Citi considers the move surprising given the company's net cash balance sheet and the broker now speculates about the performance of Finnis, given capital expenditure has blown out in the exploration phase alone.

The broker doesn't understand why the company is spending $35-$40m on studies instead of fast-tracking geomet work to get to the bottom of what the broker perceives may be a fines problem. Citi is considering revisiting its LT recovery estimates.

Sell rating retained. Target price falls to 40c from 50c.

FORECAST
Citi forecasts a full year FY23 dividend of 0.00 cents and EPS of 3.20 cents.
Citi forecasts a full year FY24 dividend of 0.00 cents and EPS of 5.60 cents.

Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >

CXO STOCK CHART

FNArena News on CXO

1
Next Week At A Glance – 25-29 Sep 2023

Sep 22 2023 - Weekly Reports
2
Australian Broker Call *Extra* Edition – Aug 23, 2023

Aug 23 2023 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Aug 21, 2023

Aug 21 2023 - Daily Market Reports
4
The Short Report – 10 Aug 2023

Aug 10 2023 - Weekly Reports
5
Material Matters: China, Transition Metals, Aluminium & Gold

Aug 10 2023 - Commodities

Latest New Battery Elements News

1
ESG Focus: Grid Battery Innovation Barrelling Down

Sep 07 2023 - ESG Focus
2
Allkem: On The Move

Sep 05 2023 - Technicals
3
The Short Report – 24 Aug 2023

Aug 24 2023 - Weekly Reports
4
ESG Focus: Will Lithium Meet Its Waterloo?

Aug 10 2023 - ESG Focus
5
The Ups And Downs Of Mineral Resources

Jul 25 2023 - Australia
6
Syrah Resources: Near-Term Pain, Graphite Price Upside

Jul 20 2023 - Small Caps
7
Lithium Outlook Includes DLE Uncertainties

Jul 04 2023 - Commodities
8
Lithium: Longer Term Bullish

Jun 29 2023 - Technicals
9
Ignore Short Term Lithium Price Volatility

Jun 01 2023 - Commodities
10
Allkem: Breaking Out

May 09 2023 - Technicals