One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
American Battery Technology Company
ABAT · NCM · Industrials · Waste Management
Current price
$2.26
52-week range
$2.00 - $11.49
Market cap
$322.23M
Balance sheet
Healthy
-3,842.02x Concerning
Net cash $49.33M. Interest coverage shows how many times profit covers the interest bill.
What stands out
1 Reward
1 Risk
1 rewards · 1 risks
- Reward Revenue grew 406.8% last year.
- Risk Return on equity was -74.5% last year — the company lost money on shareholders' equity.
What this company does
American Battery Technology Company
American Battery Technology Company works to get the raw materials, like lithium and nickel, needed to make batteries for things like electric cars. It plans to do this by both mining for new minerals and by developing technology to recycle old batteries. This is important because the company aims to create a reliable American supply chain (the network of companies involved in creating and distributing a product) for these materials as demand grows.
How the company got here
Founded in 2011 as a mineral exploration company, the business shifted its focus around 2018 to address the growing need for battery materials in the United States. It was renamed American Battery Technology Company in 2021 to better reflect its new direction. A key turning point was the development of its own technologies for both recycling lithium-ion batteries and extracting lithium from new sources. The company has since launched its first commercial-scale recycling facility and is advancing a major lithium mining project, supported by U.S. government grants aimed at building a domestic supply chain (the network of businesses that get a product to a customer).
What it actually does
Think of ABAT as a supplier of the special metals needed to make the batteries that power everything from electric cars to smartphones. Instead of making the final batteries you'd buy, the company focuses on getting the essential ingredients, like lithium, nickel, and cobalt. It does this in two main ways: by taking apart old batteries to recover and reuse the valuable metals inside, and by mining those same metals from the earth. The goal is to create a reliable, U.S.-based source of these materials for battery manufacturers.
Lithium-Ion Battery Recycling
This part of the business is like a sophisticated scrapyard for batteries. Companies that make or use large numbers of batteries (like electric vehicle and consumer electronics manufacturers) pay ABAT to take their used batteries and manufacturing scrap. ABAT then uses its own process to safely take them apart and recover valuable materials like copper, aluminum, nickel, and cobalt, which it sells to be made into new batteries. This business is now operational and generating the majority of the company's current revenue (the total money earned from sales).
Primary Mineral Extraction
This is the mining and refining side of the company, which is focused on the future. ABAT owns the rights to one of the largest known lithium deposits in the United States, called the Tonopah Flats Lithium Project in Nevada. The plan is to mine a type of rock called claystone and use a special process the company developed to extract the lithium and turn it into a high-purity material ready for battery production. While recycling is important, this segment is designed to supply the massive amount of new lithium the world will need for the shift to electric vehicles and clean energy.
What management is betting on now
The company's main strategy is to build a complete, U.S.-based circular supply chain for battery metals. This means sourcing materials domestically through both recycling and mining, reducing America's dependence on other countries for these critical resources. Management is focused on scaling up its recycling operations to handle more batteries and increase revenue, while also moving its Tonopah Flats mining project through the final permitting stages to begin construction. They are betting that being a reliable, environmentally-friendly, American supplier of these essential metals will be a major advantage as the demand for batteries continues to grow.
Price history
How the share price has moved
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Earnings history
Last 8 quarters — what happened
Click any quarter to read the call summary and what the numbers say.
Revenue
$8.23M
Net income
$-19.96M
Diluted EPS
-0.16
Operating cash flow
$-4.54M
Free cash flow
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Sources
Revenue
$7.81M
Net income
$-33.84M
Diluted EPS
-0.26
Operating cash flow
$-2.70M
Free cash flow
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Sources
Revenue
$4.76M
Net income
$-9.28M
Diluted EPS
-0.07
Operating cash flow
$-9.81M
Free cash flow
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Revenue
$937.59K
Net income
$-10.30M
Diluted EPS
-0.09
Operating cash flow
$-7.14M
Free cash flow
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Revenue
$2.78M
Net income
$-10.17M
Diluted EPS
-0.09
Operating cash flow
$-28.90M
Free cash flow
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Revenue
$979.98K
Net income
$-11.50M
Diluted EPS
-0.14
Operating cash flow
$-10.28M
Free cash flow
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Revenue
$332.44K
Net income
$-13.40M
Diluted EPS
-0.18
Operating cash flow
$-7.26M
Free cash flow
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Revenue
$201.96K
Net income
$-11.69M
Diluted EPS
-0.17
Operating cash flow
$-5.55M
Free cash flow
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Is it cheap or expensive?
Fair value — vs current price $2.26
We couldn't calculate a fair value right now.
Is it drowning in debt?
Healthy
Net cash $49.3M - more cash than debt. Interest coverage -3842.0x.
Net debt
$-49.33M
Interest coverage
-3,842.02x
American Battery Technology Company's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 3 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Healthy
Worse cushion
Baseline
Better cushion
ABAT
BASELINE
American Battery Technology Company
Total debt $190.16K Interest coverage -3,842.02x This is the baseline the peer rows are being compared against.
Total debt $166.00K Interest coverage -723.73x Neither company has much profit cushion over interest right now.
Total debt $33.17M Interest coverage -1.59x Neither company has much profit cushion over interest right now.
Total debt $441.00K Interest coverage -21.31x Neither company has much profit cushion over interest right now.
What you should know
The case for and against ABAT
1 Reward
1 Risk
Rewards
-
Revenue grew 406.8% last year.
Risks
-
Return on equity was -74.5% last year — the company lost money on shareholders' equity.
The numbers
All the key metrics, grouped by purpose
Tap any ? icon to learn what it means.
Valuation
How expensive the stock looks
P/E (TTM)
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Forward P/E
-16.14x
P/B
2.53x
P/S
14.82x
EV/EBITDA
-3.92x
PEG ratio
—
Profitability
How much profit each dollar creates
Gross margin
-14.2%
Operating margin
-246.5%
Net margin
0.0%
ROE
-74.5%
ROA
-43.0%
Health
Liquidity and balance-sheet strength
Debt / equity
0.00x
Current ratio
9.53x
Quick ratio
8.95x
Total debt
$190.16K
Total cash
$49.52M
Growth
How the business has been compounding
Revenue TTM
$21.74M
Revenue 5Y CAGR
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EPS TTM
-0.58
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-24.19M
Free CF TTM
$-37.77M
FCF margin
-173.7%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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