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
$1.42
52-week range
$1.14 - $5.33
Market cap
$202.46M
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 finds important metals like lithium and nickel that are needed for batteries, and they are also developing ways to recycle old batteries. This is important because the demand for batteries in electric cars and other electronics is growing fast, and they aim to be a key supplier of these battery ingredients.
How the company got here
American Battery Technology Company (ABTC) was founded in 2011 with a vision to create a sustainable, domestic supply chain for battery materials. [1, 2, 3] Initially, the company focused more on exploring for critical minerals. [2] A significant shift occurred as the importance of electric vehicles and energy storage grew, leading ABTC to reposition itself around battery metals, recycling, and developing a domestic supply chain. [2] A key turning point was the company's name change from American Battery Metals Corporation to American Battery Technology Company in 2021, reflecting its evolved focus. [1, 2] The company has since secured significant contracts and grants from entities like the U.S. Department of Energy, supporting its development of battery recycling and lithium extraction technologies. [1]
What it actually does
ABTC is a technology company that focuses on creating a circular economy for battery materials. [5, 9] This means they work on both recycling old batteries and developing new sources of battery materials. [3, 5] Their goal is to provide essential materials for batteries used in electric cars, energy storage systems, and electronic devices, all sourced and processed within the United States. [4, 13] They aim to reduce reliance on foreign supply chains and promote energy independence. [2, 5, 13]
Lithium-Ion Battery Recycling
ABTC operates a commercial-scale facility dedicated to recycling lithium-ion batteries and manufacturing scrap. [4, 9] Instead of using high-temperature furnaces, they employ a process that first carefully disassembles batteries into their components. [9, 12] Then, they use a chemical process (hydrometallurgy) at lower temperatures to extract valuable materials like lithium, nickel, and cobalt. [9, 12] These recovered materials are then refined to meet battery-grade specifications, ready to be used in new batteries, thus closing the loop in the battery material lifecycle. [4, 9] This business line aims to provide a reliable, domestic source of recycled battery materials. [9]
Primary Lithium Resource Development
ABTC is also developing domestic sources of lithium, a critical metal for batteries, from resources found in Nevada. [2, 5] They have developed proprietary technologies to extract lithium from claystone deposits, a process that aims to be more sustainable and efficient than traditional methods. [5, 14] The company has successfully produced battery-grade lithium hydroxide at a pilot scale using this technology. [4, 12] This business line is focused on creating a secure, in-country supply of virgin lithium to meet the growing demand for new batteries. [5, 14]
What management is betting on now
ABTC's main strategic priority is to establish a fully integrated, domestic supply chain for battery materials. [2, 5, 13] This involves scaling up their lithium-ion battery recycling operations and advancing their primary lithium resource development. [4, 13] They are focused on commercializing their proprietary technologies to produce battery-grade materials efficiently and sustainably. [12, 13] By doing so, ABTC aims to reduce the United States' dependence on foreign sources for critical battery metals, enhance energy security, and support the growth of domestic manufacturing in the electric vehicle and energy storage sectors. [2, 5, 13]
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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Revenue
$7.81M
Net income
$-33.84M
Diluted EPS
-0.26
Operating cash flow
$-2.70M
Free cash flow
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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 $1.42
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 $34.23M 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
-10.14x
P/B
1.59x
P/S
9.31x
EV/EBITDA
-2.20x
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
0.0%
Payout ratio
—
Last ex-div date
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