| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 47 | — | 17.3x | Around median | |
Growth | 3 | — | 7.1% | Bottom tier | |
Quality | 24 | -3.4% | 4.5% | Bottom tier | |
Safety | 61 | — | 2.6x | Around median | |
Capital Return | 10 | 0.00% | 0.06% | Bottom tier | |
Momentum | 26 | 40.2% | -1.6% | Bottom tier | |
Sentiment | 78 | 4 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Lithium Argentina AG's business centers on the development and production of lithium carbonate in Argentina through the Cauchari-Olaroz project, a joint venture with Ganfeng. The group's cash generation depends on the project's profitability and distributions to its partners; in the first half of fiscal year 2026, the project distributed $160 million, of which Lithium Argentina's share was $75 million. The company is also working to expand Cauchari-Olaroz and develop the PPG project through a phased approach that relies on project cash flows and project-level financing.
In Q2 of fiscal year 2026, Cauchari-Olaroz generated approximately $110 million in adjusted earnings before interest, taxes, depreciation, and amortization, up 4% from Q1 of fiscal year 2026, bringing the total to more than $200 million in the first half of fiscal year 2026. The average realized price was approximately $19.5 thousand per tonne, while operating cash costs were less than $6 thousand per tonne and the cash operating margin was 70%. The project converted operating earnings into $141 million of free cash flow from operations, with this figure partially benefiting from the collection of sales recorded in the previous quarter.
Cauchari-Olaroz operated at an average of approximately 95% of design capacity during fiscal year 2026 through August 11, 2026, despite a planned shutdown in Q2 of fiscal year 2026. Management is targeting annual production of between 35 thousand and 40 thousand tonnes, with the potential to raise production above the current 40 thousand-tonne capacity through debottlenecking. At the corporate level, Lithium Argentina ended Q2 of fiscal year 2026 with $100 million in cash and $230 million in total liquidity, then received $27 million in project distributions after quarter-end.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $10.42, within a wide range of $8.75 to $13, compared with a 52-week range of $2.97 to $12.05; the average is below the top of the annual range, while the highest target exceeds that peak. The analyst consensus is a buy, but the absence of a usable price-to-earnings ratio and the wide target range make the valuation primarily dependent on the sensitivity of Cauchari-Olaroz's earnings to lithium prices and the successful execution of the expansions.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
The primary driver is the Cauchari-Olaroz project, which generated approximately $110 million in adjusted earnings before interest, taxes, depreciation, and amortization in Q2 of fiscal year 2026. The average realized price was approximately $19.5 thousand per tonne, compared with operating cash costs below $6 thousand per tonne and a cash operating margin of 70%. Management estimated the project's adjusted earnings for fiscal year 2026 at approximately $460 million on a 100% ownership basis at a lithium price of $20 thousand per tonne.
The project operated at an average of 95% of design capacity during fiscal year 2026 through August 11, 2026, despite a planned shutdown in Q2 of fiscal year 2026. Management maintained production guidance of between 35 thousand and 40 thousand tonnes for fiscal year 2026 and said there were no planned maintenance shutdowns during the second half. It also expected sales to improve in the second half of fiscal year 2026 after shipment timing caused sales to be lower than production in Q2.
The plan begins with Phase 1 debottlenecking by drilling 2 or 3 additional wells at a cost of approximately $2.5 million per well. Management expects this work to support an increase in production of between 2 thousand and 3 thousand tonnes, with limited spending over a period of 6 to 10 months beginning in August 2026 and the impact emerging during 2027 and 2028. Phase 2 targets an initial DLE facility with annual capacity of 10 thousand tonnes as part of a broader expansion totaling 45 thousand tonnes annually.
Lithium Argentina ended Q2 of fiscal year 2026 with $100 million in cash and $230 million in total liquidity, including a $130 million undrawn facility from Ganfeng. At the joint venture project level, net debt declined from $256 million to $142 million during the quarter, and $220 million of unsecured debt facilities were closed. The company also received $27 million in Cauchari-Olaroz distributions after quarter-end, in addition to its $75 million share of distributions from the first half of fiscal year 2026.
The PPG project was awaiting RIGI approval on August 11, 2026, after the company submitted the application in Q1 of fiscal year 2026. Management described this approval as a key step in reducing investment risk for a third party, alongside discussions with Ganfeng regarding the financing plan and a potential strategic minority partner. Therefore, the project's timing depends on obtaining approval and completing the financing structure, and no final partnership agreement was announced during the call.
Independent verification showed that the product's carbon footprint in 2025 was 1.4 tonnes of carbon dioxide equivalent per tonne of lithium carbonate equivalent across Scopes 1 and 2. The production process derives approximately 97% of its energy from solar power, according to management's presentation during the August 11, 2026 call. The company believes the brine-based process design helps it reduce energy intensity and emissions compared with more energy-intensive lithium operations.