GALAN LITHIUM LIMITED (GLN)
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GLN - GALAN LITHIUM LIMITED

FNArena Sector : New Battery Elements

Year End: June

GICS Industry Group : Materials

Debt/EBITDA: N/A

Index: ALL-ORDS

LAST PRICE	CHANGE +/-	CHANGE %	VOLUME
$0.625 21 Sep 2023	-0.025 OPEN $0.64	-3.85% HIGH $0.64	639,431 LOW $0.62

LAST PRICE

CHANGE +/-

CHANGE %

VOLUME

$0.625

21 Sep
2023

-0.025

OPEN

$0.64

-3.85%

HIGH

$0.64

639,431

LOW

$0.62

TARGET

$1.40

-0.10 change from previous day

124.0% upside

OTHER COMPANIES IN THE SAME SECTOR
A11 . A4N . AGY . AKE . AVZ . BKT . BSX . CXO . DLI . EMN . GL1 . GT1 . INR . JRV . LKE . LLL . LPD . LPI . LTR . MNS . NMT . NVX . PLL . PLS . PSC . RNU . SRL . SYA . SYR . TLG . VUL .

FNARENA'S MARKET CONSENSUS FORECASTS

Title	FY21 Actual	FY22 Actual	FY23 Forecast	FY24 Forecast
EPS (cps)	xxx	- 1.8	- 2.2	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	N/A	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

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	2017	2018	2019	2020	2021	2022
EPS Basic	xxx	xxx	xxx	xxx	xxx	-1.8
DPS All	xxx	xxx	xxx	xxx	xxx	0.0
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	-
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	28.5
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	-2.0 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	-

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title	2017	2018	2019	2020	2021	2022
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	-8.12 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	-8.12 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	-7.87 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	-8.12 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	-7.89 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	-2.2 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	2017	2018	2019	2020	2021	2022
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	-
Long Term Debt	xxx	xxx	xxx	xxx	xxx	-
Total Debt	xxx	xxx	xxx	xxx	xxx	-
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	54 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	3.82

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title	2017	2018	2019	2020	2021	2022
Capex	xxx	xxx	xxx	xxx	xxx	9.7 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	-
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	0 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	5 M
Research & Development	xxx	xxx	xxx	xxx	xxx	-
Investments - Total	xxx	xxx	xxx	xxx	xxx	1 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

1.0

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
Macquarie	22/09/2023	1	Outperform	$1.40	124.00%	Galan Lithium has yielded no major discovery from its maiden drilling program at Greenbushes South and is now planning to target new areas. Macquarie notes its approach is similar to the one adopted for the Hombre Muerto West discovery, where drilling focused on areas near known lithium deposits. The stock continues to trade on attractive multiples with an offtake announcement or product purchase agreement presenting the potential for a re-rating, the broker adds. Outperform retained. Target is $1.40. FORECAST Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -2.20 cents. Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -4.70 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Macquarie

22/09/2023

Outperform

$1.40

124.00%

Galan Lithium has yielded no major discovery from its maiden drilling program at Greenbushes South and is now planning to target new areas.

Macquarie notes its approach is similar to the one adopted for the Hombre Muerto West discovery, where drilling focused on areas near known lithium deposits.

The stock continues to trade on attractive multiples with an offtake announcement or product purchase agreement presenting the potential for a re-rating, the broker adds. Outperform retained. Target is $1.40.

FORECAST
Macquarie forecasts a full year FY23 dividend of 0.00 cents and EPS of minus -2.20 cents.
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -4.70 cents.

Access Stockbroker Research History >

GLN STOCK CHART

FNArena News on GLN

1	Australian Broker Call Extra Edition – Jun 16, 2023 Jun 16 2023 - Daily Market Reports

2	Ignore Short Term Lithium Price Volatility Jun 01 2023 - Commodities

3	Australian Broker Call Extra Edition – May 10, 2023 May 10 2023 - Daily Market Reports

4	Australian Broker Call Extra Edition – May 08, 2023 May 08 2023 - Daily Market Reports

5	Australian Broker Call Extra Edition – Jan 19, 2023 Jan 19 2023 - Daily Market Reports

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

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

	Yield	Yield on investment
This Year
Year 1
Year 2
Year 3
Year 4
Year

1	Australian Broker Call Extra Edition – Jun 16, 2023 Jun 16 2023 - Daily Market Reports

2	Ignore Short Term Lithium Price Volatility Jun 01 2023 - Commodities

3	Australian Broker Call Extra Edition – May 10, 2023 May 10 2023 - Daily Market Reports

4	Australian Broker Call Extra Edition – May 08, 2023 May 08 2023 - Daily Market Reports

5	Australian Broker Call Extra Edition – Jan 19, 2023 Jan 19 2023 - Daily Market Reports

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GALAN LITHIUM LIMITED (GLN)
Share Price Analysis and Chart