Arcadium Lithium Earnings Can Triple By FY26 Despite Weak EV Demand: Analyst
Arcadium Lithium Earnings Can Triple By FY26 Despite Weak EV Demand: Analyst
Arcadium Lithium plc (NYSE:ALTM) shares are trading higher today. RBC Capital analyst Kaan Peker initiated coverage on the stock with an Outperform rating and a price target of $4.00.
Arcadium Lithium股份有限公司（NYSE:ALTM）的股票今天交易上漲。RBC Capital的分析師Kaan Peker發起覆蓋此股票，賦予其跑贏大盤的評級，並給出價格目標爲4.00美元。
The analyst writes that Arcadium, formed by the recent merger of Allkem and Livent, offers investors highly integrated and diversified exposure to lithium and chemicals.
分析師寫道，Arcadium公司由最近合併的Allkem和Livent組成，爲投資者提供高度集成和多樣化的鋰礦和化學品投資機會。
The analyst says the company shows strong production growth potential from its world-class brine operations.
分析師表示，該公司表現出強大的產量增長潛力，來自其世界一流的滷水業務。
Peker predicts production growth to drive returns in the next few years, with Arcadium projected to increase LCE production from 61kt in CY23 to 142kt in CY27, tripling earnings over the period.
Peker預測產量增長將在未來幾年推動回報，預計Arcadium公司的LCE產量將從CY23的61kt增加到CY27的142kt，使該公司的收益在此期間翻了三倍。
The analyst anticipates heightened execution risks in CY26-27, as Sal de Vida stage 1, Nemaska, and James Bay are scheduled to commence operations.
分析師預計在CY26-27，Sal de Vida stage1、Nemaska和James Bay的開工將帶來高風險的執行風險。
ALTM plans to invest around $1.6 billion in growth projects over the next three years. The analyst anticipates negative free cash flow until CY27, with net debt expected to peak around $860 million and gearing at a relatively modest 11% in CY26.
ALTM計劃在未來三年內投資約16億美元進行增長項目。分析師預計自CY27年起將出現負自由現金流，淨債務預計將達到約8.6億美元，而槓桿率在CY26年時相對較低，達到了適度的11%。
Peker writes that EV demand has been weaker than expected but should improve in 2025 and beyond, which presents a good entry point, with a preference for large-cap, low-cost lithium exposure in the current market.
Peker寫道，電動汽車的需求低於預期，但到2025年及以後應會改善，這爲當前市場提供了一個良好的入場機會，而大型、低成本的鋰礦企業是首選。
The analyst estimates EPS of $0.15 in FY24, $0.32 in FY25, and $0.53 in FY26.
分析師預計FY24每股收益爲0.15美元，FY25爲0.32美元，FY26爲0.53美元。
Price Action: ALTM shares are up 12.70% at $3.59 at the last check on Wednesday.
股票價格走勢：週三最後一次檢查時，ALTM股價上漲12.70%，至3.59美元。
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
免責聲明：本文部分內容使用了Benzinga Neuro的幫助。此內容是通過AI工具部分製作的，並由Benzinga編輯進行了審查和發佈。
Photo via Shutterstock
圖片來自shutterstock。
譯文內容由第三人軟體翻譯。