One-glance verdict
Not enough data
Fair value unavailable
Not enough cash-flow history to value this one with our method.
Fundamentals snapshot
Sigma Lithium Corporation
SGML · NCM · Basic Materials · Other Industrial Metals & Mining
Current price
$10.27
52-week range
$4.62 - $24.48
Market cap
$1.16B
Balance sheet
Distressed
-0.54x Concerning
Net debt $260.31M. Interest coverage shows how many times profit covers the interest bill.
What stands out
0 Rewards
2 Risks
0 rewards · 2 risks
- Risk Return on equity was -31.6% last year — the company lost money on shareholders' equity.
- Risk Insider ownership is only 3.3% (peer median: 7.6%).
What this company does
Sigma Lithium Corporation
Sigma Lithium is a mining company that finds and develops lithium deposits in Brazil, a critical material for the batteries used in electric vehicles. It sells this lithium to battery makers, making it a supplier in the electric vehicle supply chain (the network of companies that get a product from raw material to the final customer). As the world shifts to electric cars, the demand for lithium is growing, which is central to Sigma's business model.
How the company got here
Sigma Lithium was founded in 2012 with the goal of developing lithium deposits in Brazil. A major turning point was the start of production at its Grota do Cirilo project in April 2023, shifting it from a development company to a producing one. The company held its initial public offering (a company's first sale of stock to the public) in 2018 to raise money for its projects. To attract more investors, especially those focused on mining, the company recently listed its shares on the Australian Securities Exchange in September 2026.
What it actually does
Sigma Lithium mines and processes lithium ore from its project in Brazil. The final product is a high-purity lithium concentrate, which looks like a fine, white powder. This concentrate is a crucial ingredient for companies that make batteries for electric vehicles. Essentially, Sigma Lithium is at the beginning of the supply chain (the entire process of making and selling goods, from raw materials to the final customer) for the electric car industry.
Grota do Cirilo Lithium Project
The company's entire business currently revolves around its Grota do Cirilo project in Brazil, which is one of the largest lithium deposits in the world. Here, they operate a mine and a processing plant to dig up lithium-bearing rock and turn it into a valuable concentrate. Customers, who are typically battery manufacturers or materials companies, pay Sigma Lithium for this concentrated lithium. This single project is responsible for all of the company's revenue (the total money a company brings in from sales).
What management is betting on now
The company's main strategy is to significantly expand its production in multiple phases. Management is investing heavily in increasing the output of its Grota do Cirilo project, with plans to nearly triple its production capacity over the next few years. They are also emphasizing their environmentally friendly production methods, such as using 100% renewable energy and recycling water, to attract customers who value sustainability. This focus on 'green' lithium is a key part of their plan to become a major supplier to the global electric vehicle market.
Price history
How the share price has moved
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Is it cheap or expensive?
Fair value — vs current price $10.27
We couldn't calculate a fair value right now.
Is it drowning in debt?
Distressed
Net debt $260.3M. Interest coverage -0.5x.
Net debt
$260.31M
Interest coverage
-0.54x
Sigma Lithium Corporation'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
SGML
BASELINE
Sigma Lithium Corporation
Total debt $276.97M Interest coverage -0.54x This is the baseline the peer rows are being compared against.
Total debt $78.09M Interest coverage 0.17x This peer still has a real interest-payment cushion, while SGML does not.
Total debt $166.00K Interest coverage -723.73x Neither company has much profit cushion over interest right now.
What you should know
The case for and against SGML
0 Rewards
2 Risks
Rewards
Risks
-
Return on equity was -31.6% last year — the company lost money on shareholders' equity.
-
Insider ownership is only 3.3% (peer median: 7.6%).
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
5.95x
P/B
13.99x
P/S
8.11x
EV/EBITDA
33.25x
PEG ratio
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Profitability
How much profit each dollar creates
Gross margin
49.1%
Operating margin
24.6%
Net margin
-19.3%
ROE
-31.6%
ROA
4.1%
Health
Liquidity and balance-sheet strength
Debt / equity
3.37x
Current ratio
0.34x
Quick ratio
0.18x
Total debt
$276.97M
Total cash
$16.66M
Growth
How the business has been compounding
Revenue TTM
$142.49M
Revenue 5Y CAGR
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EPS TTM
-0.24
EPS 5Y CAGR
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Cash flow
How much cash the business throws off
Operating CF TTM
$2.44M
Free CF TTM
$-8.44M
FCF margin
-5.9%
Dividend
Shareholder payout
Yield
—
Payout ratio
0.0%
Last ex-div date
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