One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Lithium Argentina AG
LAR · NYQ · Basic Materials · Other Industrial Metals & Mining
Current price
$5.52
52-week range
$3.24 - $12.05
Market cap
$905.83M
Balance sheet
Distressed
-1.35x Concerning
Net debt $151.75M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
1 Risk
0 rewards · 1 risks
View details ↓What this company does
Lithium Argentina AG
Lithium Argentina is a mining company that extracts the metal lithium from its project sites in Argentina. Since lithium is a key ingredient for batteries in electric cars and smartphones, the company's success depends on selling this raw material to manufacturers and on the overall global demand for these battery-powered products.
How the company got here
Originally known as Lithium Americas, the company focused on developing lithium projects in Argentina. A major turning point was the partnership with Ganfeng Lithium to develop the Cauchari-Olaroz project, which began producing lithium in 2023. To better focus on its Argentine assets, the company separated from its North American operations in 2023, creating two independent public companies. In early 2025, it moved its corporate headquarters to Switzerland and officially became Lithium Argentina AG. These steps have positioned the company as a pure-play investment in Argentine lithium production.
What it actually does
Lithium Argentina is a mining company that explores for and extracts lithium from underground salt water deposits, known as brine. This lithium is a critical raw material for making rechargeable batteries, the kind that power everything from smartphones to electric vehicles. The company's main product is lithium carbonate, a white powder that battery manufacturers purchase to create their products. Essentially, Lithium Argentina provides a key ingredient for the global shift towards clean energy and electric transportation.
Cauchari-Olaroz
This is the company's currently operating project and its primary source of revenue (the money it makes from sales). Lithium Argentina owns a significant stake (44.8%) in this project, which is located in the Jujuy province of Argentina and is a joint venture (a business arrangement where two or more parties agree to pool their resources) with Ganfeng Lithium and a local government entity. The project pumps lithium-rich brine into large ponds, where the sun evaporates the water, leaving behind concentrated lithium that is then processed into battery-grade lithium carbonate. This single operation makes Lithium Argentina the largest lithium exporter in the country.
Pozuelos-Pastos Grandes (PPG)
This is the company's next major growth area, currently in the development stage. Located in the Salta province, this project is a consolidation of three neighboring lithium brine projects into a new, large-scale joint venture with partner Ganfeng Lithium. The plan is to build this project out in multiple phases, eventually aiming to produce a very large volume of lithium carbonate. This part of the business represents a significant, but future, source of potential revenue for the company and is not yet generating sales.
What management is betting on now
The company's main strategy is to expand its production capacity (the total amount of lithium it can produce) significantly. This involves increasing output at the already-operating Cauchari-Olaroz project and building out the massive Pozuelos-Pastos Grandes (PPG) project in stages. They are also focused on using advanced technologies like Direct Lithium Extraction (DLE), which aims to extract lithium more efficiently and with less environmental impact than traditional methods. By forming strategic partnerships, like their joint ventures with Ganfeng, they can share the large upfront costs, or capex (capital expenditures, which are funds used by a company to acquire, upgrade, and maintain physical assets), and technical expertise needed for these huge projects.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $5.52
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $151.8M. Interest coverage -1.3x.
Net debt
$151.75M
Interest coverage
-1.35x
Lithium Argentina AG's profit covers its interest bill about 0.0 times over. which is weaker than most peers shown here and 2 peers sit below 1x, which is the danger zone where profit does not fully cover the interest bill.
Distressed
Worse cushion
Baseline
Better cushion
LAR
BASELINE
Lithium Argentina AG
Total debt $251.47M Interest coverage -1.35x This is the baseline the peer rows are being compared against.
Total debt $2.00B Interest coverage 0.32x This peer still has a real interest-payment cushion, while LAR does not.
Total debt $5.31B Interest coverage 5.96x This peer still has a real interest-payment cushion, while LAR does not.
Total debt $276.97M Interest coverage -0.54x Neither company has much profit cushion over interest right now.
What you should know
The case for and against LAR
0 Rewards
1 Risk
Rewards
Risks
-
Return on equity was -6.6% 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
16.12x
P/B
1.15x
P/S
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EV/EBITDA
-29.82x
PEG ratio
0.42x
Profitability
How much profit each dollar creates
Gross margin
0.0%
Operating margin
0.0%
Net margin
0.0%
ROE
-6.6%
ROA
-2.1%
Health
Liquidity and balance-sheet strength
Debt / equity
0.30x
Current ratio
0.47x
Quick ratio
0.47x
Total debt
$251.47M
Total cash
$99.72M
Growth
How the business has been compounding
Revenue TTM
$0.00
Revenue 5Y CAGR
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EPS TTM
-0.34
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$-29.96M
Free CF TTM
$-30.18M
FCF margin
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Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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