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Allkem Limited (AKE) Report Analysis

Corporate Events

Neutral

Allkem Limited Presents at Fastmarkets Lithium ...

2022-05-25 07:37:00

Allkem Limited Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 02:00 PM. Venue: Phoenix, Arizona, United States. S...

Neutral

FastMarkets Ltd., Fastmarkets Lithium Supply & ...

2022-05-24 00:00:00

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.

Positive

Allkem Limited to Commence Three-Phase Resource...

2022-04-14 13:52:00

Allkem Limited will commence a three-phase resource extension drilling program in April which will total 147 holes for 32,685 metres of revers...

Negative

Allkem Limited Announces Management Appointments

2022-04-14 02:16:00

Allkem Limited has appointed a new Chief Sustainability and External Affairs Officer, Karen Vizental who will be joining the executive team in...

Positive

Allkem Limited Reports Unaudited Group Revenue ...

2022-04-14 02:16:00

Allkem Limited reported unaudited group revenue results for the quarter ended March 31, 2022. Group revenue for the quarter ended March 31, 20...

Positive

Allkem Limited Advises an Update to its Wholly ...

2022-04-04 08:55:00

Allkem Limited advised an update to its wholly owned Sal de Vida Project located in Catamarca Province in Argentina. Project Summary: Key chan...

Neutral

Allkem Limited to Report Q3, 2022 Results on Ap...

2022-04-02 00:39:00

Allkem Limited announced that they will report Q3, 2022 results on Apr 14, 2022

Neutral

Allkem Limited - Special Call

2022-03-16 05:20:00

To discuss a detailed presentation of the Company's growth strategy

Positive

Allkem Limited Advises the Release of the Feasi...

2021-12-21 13:41:00

Allkem Limited advised the release of the Feasibility Study and Maiden Ore Reserve for its wholly owned James Bay Lithium Project ("James Bay"...

Positive

Allkem Limited(ASX:AKE) added to S&P/ASX 100 Index

2021-12-20 00:00:00

Allkem Limited(ASX:AKE) added to S&P/ASX 100 Index

Neutral

Allkem Limited has Changed its Ticker to AKE from ORE

2021-12-07 03:17:00

Effective December 07, 2021, Allkem Limited changed its Australian Securities Exchange stock ticker symbol to AKE from ORE.

Neutral

Orocobre Limited has Changed its Name to Allkem Limited

2021-12-07 03:17:00

On November 30, 2021, Orocobre Limited changed its name to Allkem Limited.

Negative

Allkem Limited(ASX:AKE) dropped from S&P/ASX Sm...

2021-12-07 00:00:00

Allkem Limited(ASX:AKE) dropped from S&P/ASX Small Ordinaries Index

Positive

Orocobre Seeks Acquisitions

2021-11-30 01:00:00

Orocobre Limited (ASX:ORE) is looking for acquisitions. Martin Rowley, Non-Executive Chairman, said "we always look at M&A opportunities. We h...

Positive

Orocobre Limited Announces Sales Results for th...

2021-10-21 00:00:00

Orocobre Limited announced sales results for the September quarter of 2021. Quarterly product sales were 2,622 tonnes of lithium carbonate, 61...

Neutral

Orocobre Limited Presents at 13th Annual Austra...

2021-10-09 01:00:00

Orocobre Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Positive

Orocobre Limited to Report Q1, 2022 Operating R...

2021-10-08 00:54:00

Orocobre Limited announced that they will report Q1, 2022 operating results on Oct 22, 2021

Neutral

Orocobre Limited, Q1 2022 Operating Results Cal...

2021-10-07 09:49:00

Orocobre Limited, Q1 2022 Operating Results Call, Oct 22, 2021

Neutral

Orocobre Limited, Annual General Meeting, Nov 30, 2021

2021-10-01 13:09:00

Orocobre Limited, Annual General Meeting, Nov 30, 2021, at 11:01 E. Australia Standard Time. Agenda: To receive, consider and discuss the Comp...

Neutral

Orocobre Limited - Shareholder/Analyst Call

2021-10-01 13:09:00

AGM

Negative

Orocobre Limited Announces Appointment of Marti...

2021-08-25 03:07:00

Orocobre Limited announced appointment of Martin Rowley as Director. Date of appointment is 25 August 2021.

Negative

Orocobre Limited Announces Appointment of Alan ...

2021-08-25 03:06:00

Orocobre Limited announced the appointment of Alan Fitzpatrick as Director. Date of appointment is 25 August 2021.

Negative

Orocobre Limited Announces Appointment of John ...

2021-08-25 03:06:00

Orocobre Limited announced the appointment of John Turner as Director. Date of appointment is 25 August 2021.

Negative

Orocobre Limited Announces Appointment of Flore...

2021-08-25 03:06:00

Orocobre Limited announced appointment of Florencia Heredia as Director. Date of appointment is 25 August 2021.

Neutral

Citigroup Inc., 13th Annual Australia & New Zea...

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Ze...

Positive

Orocobre Limited (ASX:ORE) completed the acquis...

2021-08-16 00:00:00

Orocobre Limited (ASX:ORE) entered into a binding Merger Implementation Deed to acquire Galaxy Resources Limited (ASX:GXY) for AUD 1.8 billion...

Neutral

Orocobre Limited, 2021 Earnings Call, Aug 25, 2021

2021-08-12 07:48:00

Orocobre Limited, 2021 Earnings Call, Aug 25, 2021

Neutral

Orocobre Limited to Report Fiscal Year 2021 Res...

2021-08-12 00:00:00

Orocobre Limited announced that they will report fiscal year 2021 results on Aug 25, 2021

Positive

Orocobre Limited to Report Q4, 2021 Operating R...

2021-07-09 04:03:00

Orocobre Limited announced that they will report Q4, 2021 operating results on Jul 22, 2021

Positive

Orocobre Limited Reports Sales Results for the ...

2021-07-09 04:03:00

Orocobre Limited reported Sales results for the June 2021 quarter. For the period, the company reported Sales of Olaroz lithium carbonate duri...

Neutral

Orocobre Limited, Q4 2021 Operating Results Cal...

2021-07-09 04:03:00

Orocobre Limited, Q4 2021 Operating Results Call, Jul 22, 2021

Neutral

Allkem Limited Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 02:00 PM

2022-05-25 07:37:00

Allkem Limited Presents at Fastmarkets Lithium Supply & Battery Raw Materials, Jun-27-2022 02:00 PM. Venue: Phoenix, Arizona, United States. Speakers: Martin Perez de Solay, CEO.

Neutral

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022

2022-05-24 00:00:00

FastMarkets Ltd., Fastmarkets Lithium Supply & Battery Raw Materials, Jun 27, 2022 through Jun 29, 2022. Venue: Phoenix, Arizona, United States.

Positive

Allkem Limited to Commence Three-Phase Resource Extension Drilling Program and Announces Resource Update

2022-04-14 13:52:00

Allkem Limited will commence a three-phase resource extension drilling program in April which will total 147 holes for 32,685 metres of reverse circulation ("RC") drilling with the aim of materially extending the mine life. Drilling in the first two phases will target the immediate extension to mine-life at depth. The first phase is aimed to convert 3.2Mt of inferred to indicated resource category and the second phase will test two pegmatite lenses along strike and at depth, immediately north of current mine operations. A scoping study will also be conducted to evaluate either the opencut or underground development of resource extensions. The third phase will explore ore body extensions to the SW of current mining operations. Resource update: The 2022 interim upgraded resource published on 4 April 2022, substantially expands Allkem's resource in the Olaroz basin from 6.4 Mt LCE to 16.2 Mt LCE, with 5.1 Mt of Measured resource and 4.6 Mt of Indicated resource, with the remainder in Inferred resource status (on a 100% basis). Total Allkem resources at the Olaroz and immediately adjacent Cauchari basins are now 22.5 Mt LCE in all resource categories.

Negative

Allkem Limited Announces Management Appointments

2022-04-14 02:16:00

Allkem Limited has appointed a new Chief Sustainability and External Affairs Officer, Karen Vizental who will be joining the executive team in April 2022. Karen will lead the Allkem efforts to continually improve sustainability performance and contribute to decarbonisation. As a founding core member of the International Lithium Association, Allkem is supporting a landmark project launched in March to develop a clear understanding of key ESG issues in the lithium landscape so they can be addressed on a global level.

Positive

Allkem Limited Reports Unaudited Group Revenue Results for the Quarter Ended March 31, 2022

2022-04-14 02:16:00

Allkem Limited reported unaudited group revenue results for the quarter ended March 31, 2022. Group revenue for the quarter ended March 31, 2022 was approximately USD 235 million.

Positive

Allkem Limited Advises an Update to its Wholly Owned Sal de Vida Project Located in Catamarca Province in Argentina

2022-04-04 08:55:00

Allkem Limited advised an update to its wholly owned Sal de Vida Project located in Catamarca Province in Argentina. Project Summary: Key changes from the 2021 Feasibility Study includes an increase in total planned capacity to 45,000 tpa, an increase in the capacity of Stage 1 and consolidation of Stages 2 and 3 into a single expansion. Revised Resource Estimate of 6.85 million tonnes ("Mt") lithium carbonate equivalent ("LCE"), a 10% increase from the previous estimate in 2021. Reserve Estimate of 1.74 Mt LCE supporting a 40-year project life based on reserves only, a 34% increase from the previous statement. Front-end engineering design continues to confirm globally competitive capital intensity and operating costs. Stage 1 - 15ktpa production capacity: Production capacity of 15,000 tpa Lithium carbonate ("LC") represents a 40% increase to previous production capacity. Pre-tax Net Present Value ("NPV") of USD 1.23 billion at a 10% discount rate and pre-tax Internal Rate of Return ("IRR") of 50%. Development capital cost estimate of USD 271 million and cash operating costs of USD 3,612 per tonne, reflecting increased production output and scope. Payback period of 1.75 years from the start of commercial production. Stage 2 Expansion Additional 30ktpa: Prefeasibility study completed for stage 2 expansion with the design basis a replication and expansion of Stage 1. Stage 2 construction scheduled to commence immediately after Stage 1 construction completed. Pre-tax NPV of USD 1.81 billion and pre-tax IRR of 38% for Stage 2 on a standalone basis. Revised development capital for Stage 2 of USD 524 million and cash operating costs of USD 3,280 per tonne LCE across both Stages 1 and 2. Execution strategy: Stage 1 construction of the ponds commenced in January 2022 and targeting Stage 1 first production in H2 CY23. Focus areas for CY22 include completion and filling of first two strings of ponds, and commencing construction of the Process Plant. Targeting a sustainable energy mix, with at least 30% solar energy for Stage 1 at commencement of production. Stage 2 construction anticipated to commence upon completion of Stage 1 construction with first Stage 2 production approximately 24 months thereafter.

Neutral

Allkem Limited to Report Q3, 2022 Results on Apr 14, 2022

2022-04-02 00:39:00

Allkem Limited announced that they will report Q3, 2022 results on Apr 14, 2022

Neutral

Allkem Limited - Special Call

2022-03-16 05:20:00

To discuss a detailed presentation of the Company's growth strategy

Positive

Allkem Limited Advises the Release of the Feasibility Study and Maiden Ore Reserve for Its Wholly Owned James Bay Lithium Project

2021-12-21 13:41:00

Allkem Limited advised the release of the Feasibility Study and Maiden Ore Reserve for its wholly owned James Bay Lithium Project ("James Bay" or the "Project")located in Québec, Canada. Feasibility Study confirms a sustainable, high value hard rock lithium operation utilising renewable hydropower. Material ~2.5x increase in Net Present Value ("NPV") from the Preliminary Economic Assessment ("PEA") released in March 2021. Construction planned to commence in Third Quarter CY2022 with commissioning in the first quarter of CY24, subject to receipt of necessary environmental and other approvals. Strategically located in proximity to high-growth electric vehicle markets in North America and Europe. Mineral Resource of 40.3Mt at 1.4% Li2O and Maiden Ore Reserve of 37.2Mt at 1.3% Li2O provides a long life, low cost spodumene operation. Average annual production of 321ktpa of spodumene concentrate with a 19 year mine life. Shallow, near-surface mineralisation ideal for open cut mining with a low life-of-mine ("LOM") strip ratio of 3.5: 1 2mtpa process plant designed to produce up to 6% Li2O spodumene concentrate. Very similar process design and flowsheet to that already successfully employed at Mt Cattlin. Low-cost, sustainable source of hydropower to provide approximately 45% of site power needs. Strong relationships with the Cree Nation of Eastmain, Cree Nation Government and all stakeholders.

Positive

Allkem Limited(ASX:AKE) added to S&P/ASX 100 Index

2021-12-20 00:00:00

Allkem Limited(ASX:AKE) added to S&P/ASX 100 Index

Neutral

Allkem Limited has Changed its Ticker to AKE from ORE

2021-12-07 03:17:00

Effective December 07, 2021, Allkem Limited changed its Australian Securities Exchange stock ticker symbol to AKE from ORE.

Neutral

Orocobre Limited has Changed its Name to Allkem Limited

2021-12-07 03:17:00

On November 30, 2021, Orocobre Limited changed its name to Allkem Limited.

Negative

Allkem Limited(ASX:AKE) dropped from S&P/ASX Small Ordinaries Index

2021-12-07 00:00:00

Allkem Limited(ASX:AKE) dropped from S&P/ASX Small Ordinaries Index

Positive

Orocobre Seeks Acquisitions

2021-11-30 01:00:00

Orocobre Limited (ASX:ORE) is looking for acquisitions. Martin Rowley, Non-Executive Chairman, said "we always look at M&A opportunities. We have to make sure that we prioritize the excellent assets we already have and what potential assets can be acquired. But we're open to M&A opportunities that suit our growth profile".

Positive

Orocobre Limited Announces Sales Results for the September Quarter of 2021

2021-10-21 00:00:00

Orocobre Limited announced sales results for the September quarter of 2021. Quarterly product sales were 2,622 tonnes of lithium carbonate, 61% of which were battery grade specifications in line with customer requirements. The sales volume was up 3% quarter on quarter but down 23% from the PCP, reflecting a decision in 2020 to reduce excess inventory at a time of significant market softness and uncertainty related to COVID-19. Total sales revenue was up 13% quarter on quarter to USD 24.5 million and up 133% on the PCP.

Neutral

Orocobre Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021

2021-10-09 01:00:00

Orocobre Limited Presents at 13th Annual Australia & New Zealand Investment Conference 2021, Oct-13-2021 .

Positive

Orocobre Limited to Report Q1, 2022 Operating Results on Oct 22, 2021

2021-10-08 00:54:00

Orocobre Limited announced that they will report Q1, 2022 operating results on Oct 22, 2021

Neutral

Orocobre Limited, Q1 2022 Operating Results Call, Oct 22, 2021

2021-10-07 09:49:00

Orocobre Limited, Q1 2022 Operating Results Call, Oct 22, 2021

Neutral

Orocobre Limited, Annual General Meeting, Nov 30, 2021

2021-10-01 13:09:00

Orocobre Limited, Annual General Meeting, Nov 30, 2021, at 11:01 E. Australia Standard Time. Agenda: To receive, consider and discuss the Company's financial report, Directors' report and auditor's report for the year ended 30 June 2021; to approve adoption of Remuneration Report; to approve change of name of the company; to approve election of directors; to approve increase to non-executive directors remuneration; to approve grant of STI performance rights to the CEO and MD; to approve grant of LTI performance rights to the CEO and MD; and to approve Grant of Merger Completion Performance Rights to the CEO and Managing Director.

Neutral

Orocobre Limited - Shareholder/Analyst Call

2021-10-01 13:09:00

AGM

Negative

Orocobre Limited Announces Appointment of Martin Rowley as Director

2021-08-25 03:07:00

Orocobre Limited announced appointment of Martin Rowley as Director. Date of appointment is 25 August 2021.

Negative

Orocobre Limited Announces Appointment of Alan Fitzpatrick as Director

2021-08-25 03:06:00

Orocobre Limited announced the appointment of Alan Fitzpatrick as Director. Date of appointment is 25 August 2021.

Negative

Orocobre Limited Announces Appointment of John Turner as Director

2021-08-25 03:06:00

Orocobre Limited announced the appointment of John Turner as Director. Date of appointment is 25 August 2021.

Negative

Orocobre Limited Announces Appointment of Florencia Heredia as Director

2021-08-25 03:06:00

Orocobre Limited announced appointment of Florencia Heredia as Director. Date of appointment is 25 August 2021.

Neutral

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021

2021-08-24 16:47:00

Citigroup Inc., 13th Annual Australia & New Zealand Investment Conference 2021, Oct 13, 2021 through Oct 14, 2021. The Citi Australia & New Zealand Investment Conference is the largest Australasian conference for influential ideas and actionable advice, attracting over 1000 investors, fund managers, CFOs and CEOs from Australia, New Zealand and around the globe. Throughout the two-day conference, attendees discuss issues affecting major markets and hear insights from policy makers, economists, political leaders and CEOs of some of Australia’s most enterprising corporations.

Positive

Orocobre Limited (ASX:ORE) completed the acquisition of Galaxy Resources Limited (ASX:GXY) in a merger of equals transaction.

2021-08-16 00:00:00

Orocobre Limited (ASX:ORE) entered into a binding Merger Implementation Deed to acquire Galaxy Resources Limited (ASX:GXY) for AUD 1.8 billion in a merger of equals transaction on April 19, 2021. Under the deed, Orocobre and Galaxy Resources will merge via a Galaxy Scheme of Arrangement pursuant to which Orocobre will acquire 100% of the shares in Galaxy. Under the Scheme, Galaxy shareholders will receive 0.569 Orocobre shares for each Galaxy share held at the Scheme record date. Upon implementation of the Scheme, Orocobre shareholders will own 54.2% of the fully diluted share capital of the combined entity and Galaxy shareholders will own the remaining 45.8%. A new name for the merged entity will be selected in due course representing the global reach of the new entity. The agreement may be terminated under certain circumstances pursuant to which Galaxy will be required to pay Orocobre a break-fee of AUD 18.6 million and Orocobre will be required to pay Galaxy a break-fee of AUD 18.6 million. As part of the proposed Scheme, Galaxy Chairman Martin Rowley would become Non-Executive Chairman, Orocobre Chairman Robert Hubbard would become Deputy Chairman, and Martín Pérez de Solay would remain Chief Executive Officer and Managing Director of the group, with a highly experienced and complementary Board and management team drawn from the combined group. Simon Hay will would become President of International Business reporting to the Chief Executive Officer. On implementation of the Scheme, the expanded Board will consist of nine members comprised of four Independent Directors from Orocobre (including Hubbard), four Independent Directors from Galaxy (including Rowley), and the Chief Executive Officer Pérez de Solay. It is agreed that both Rowley and Hubbard will retire from their roles within 12 months of implementation. They will lead a process to ensure that the longer-term Board composition is ideally placed to lead the merged entity going forward. The merged entity will have its head office in Buenos Aires, Argentina, a corporate headquarters on the Australian East Coast and an office in Perth. The implementation of the Scheme is subject to Galaxy shareholder approval in a meeting to be held in late July 2021; regulatory approvals; approval by the Supreme Court of Western Australia; ASX has not indicated to Orocobre that it will not grant permission for the official quotation of the Consideration Shares on ASX; an office copy of the Court order approving the Scheme under section 411(4)(b) of the Corporations Act is lodged with ASIC; the Independent Expert concluding that the Scheme is in the best interests of Galaxy shareholders and not changing, withdrawing or qualifying that conclusion; no material adverse effect or prescribed event; BNP Paribas has given its consent to the change in control of Galaxy and the delisting of Galaxy from ASX that will occur on Implementation as not being "review events" for the purposes of the BNP Facility and other conditions customary for a transaction of this nature. The issuance of shares by Orocobre pursuant to the Scheme is subject to acceptance by the TSX. The scheme is unanimously recommended by the Board of Galaxy to Galaxy shareholders and each Galaxy Director intends to vote all the shares that they hold in Galaxy in favour of the Scheme. The Scheme is endorsed and supported by the Board of Orocobre, subject to no proposal for Orocobre emerging. The Scheme is expected to be implemented in mid-August 2021. The scheme booklet was dispatched to Galaxy Shareholders on July 7, 2021 Galaxy Shareholders will vote on the proposed scheme at a meeting to be held on August 6, 2021. The scheme is expected to be implemented by August 16, 2021. As of August 6, 2021, Galaxy Resources Limited is pleased to announce that the requisite majorities of its shareholders approved the transaction. Galaxy will now seek approval of the Scheme by the Supreme Court of Western Australia (Court) at a hearing scheduled on August 13, 2021 (Second Court Hearing). Implementation of the Scheme is expected to occur on August 25, 2021, subject to the satisfaction or waiver of the remaining conditions precedent to the Scheme (including approval by the Court at the Second Court Hearing). The transaction was approved by the Supreme Court of Western Australia on August 13, 2021. Galaxy expects to lodge an office copy of the Court's orders with the Australian Securities and Investments Commission on August 16, 2021, at which time the Scheme will become legally effective. If this occurs, Galaxy expects that Galaxy Shares will be suspended from trading on ASX at close of trading on Monday, August 16, 2021. New Orocobre Shares will commence trading on ASX on a deferred settlement basis on August 17, 2021. Scheme Record Date is expected to occur on August 18, 2021. New Orocobre Shares will commence trading on ASX on a normal settlement basis on August 26, 2021. UBS AG, Australia Branch acted as financial advisor while Brett Heading of Jones Day acted as legal advisor to Orocobre. Standard Chartered Bank acted as financial advisor while Ashurst acted as legal advisor to Galaxy. Computershare Investor Services Pty Ltd acted as registrar while PricewaterhouseCoopers acted as accountant for Galaxy. Deloitte Corporate Finance Pty Limited acted as independent expert to Galaxy and concluded that the scheme is fair and reasonable and in the best interests of Galaxy shareholders, in the absence of a superior proposal for Galaxy. Orocobre Limited (ASX:ORE) completed the acquisition of Galaxy Resources Limited (ASX:GXY) in a merger of equals transaction on August 16, 2021. As on August 17, 2021, New Orocobre Shares commence trading on ASX on a deferred settlement basis. As on August 25, 2021, scheme of arrangement in relation to the merger of Orocobre and Galaxy Resources has been implemented. The 292,598,572 newly issued Orocobre shares are expected to commence trading on ASX on a normal settlement basis from August 26, 2021. Orocobre has appointed Martin Rowley, as Non-Executive Chairman, Florencia Heredia, as Non-Executive Director, John Turner, as Non-Executive Director and Alan Fitzpatrick, as Non-Executive Director with effect from August 25, 2021. Rob Hubbard will continue as the Deputy Chairman and Richard Seville, Fernando Oris de Roa and Leanne Heywood will continue in their currentroles as Non-Executive Directors. Martin Perez de Solay will continue in the role of Managing Director and Chief Executive Officer. John Gibson, Masaharu Katayama and Patricia Martinez retire from the Orocobre Board. An application has been made to remove Galaxy from the official list of ASX, which is expected to take effect on and from August 26, 2021.

Neutral

Orocobre Limited, 2021 Earnings Call, Aug 25, 2021

2021-08-12 07:48:00

Orocobre Limited, 2021 Earnings Call, Aug 25, 2021

Neutral

Orocobre Limited to Report Fiscal Year 2021 Results on Aug 25, 2021

2021-08-12 00:00:00

Orocobre Limited announced that they will report fiscal year 2021 results on Aug 25, 2021

Positive

Orocobre Limited to Report Q4, 2021 Operating Results on Jul 22, 2021

2021-07-09 04:03:00

Orocobre Limited announced that they will report Q4, 2021 operating results on Jul 22, 2021

Positive

Orocobre Limited Reports Sales Results for the June 2021 Quarter

2021-07-09 04:03:00

Orocobre Limited reported Sales results for the June 2021 quarter. For the period, the company reported Sales of Olaroz lithium carbonate during the June 2021 quarter were 2,549 tonnes at USD 8,476/tonne FOB1, with pricing up 45% on the March 2021 quarter. Lithium prices received by Olaroz are now up more than 170% in the last nine months.

Neutral

Orocobre Limited, Q4 2021 Operating Results Call, Jul 22, 2021

2021-07-09 04:03:00

Orocobre Limited, Q4 2021 Operating Results Call, Jul 22, 2021

Fundamental Summary

Allkem's recently released results from Q2 indicate that Allkem is performing reasonably well and on par with its peers. It is highly likely that the company will be mostly tethered to market performance and sector movements for the near term. We therefore gave Allkem a total score of 65 out of 100 and a HOLD recommendation.

Allkem reported unaudited production results for the quarter ended March 31, 2022. Production for the March quarter was 2,972 tonnes, down from 3,232 in the previous corresponding period due primarily to a scheduled 10-day maintenance shutdown during February. The shutdown included tie-in´s to interconnect the expansion assets with the existing site facilities. Battery grade lithium carbonate production for the quarter was 35% which was in line with sales requirements for this period, the split for the remainder of the year will return to approximately 50/50.

Business Description

Allkem engages in the exploration, development, and production of lithium and boron in Argentina. The company’s flagship project is the Olaroz Lithium Facility located in Jujuy province in northern Argentina. Allkem was incorporated in 2005 and is based in Brisbane, Australia.

Sector Overview

Allkem is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Allkem's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,348.7 6.4% 64
Liabilities 623.6 29.1% 53
Price to Book 2.5 49.1% 89
Cash & Equivalents 258.3 -1.5% 65
Equity 666.7 -5.6% 44
EBITDA 23.6 222.4% 75
Total Revenues 84.8 32.5% 46
Parameter Value Change Score
Return on Equity -12.6 -22.7% 74
Net Cashflow 86.5 28.5% 75
Capital Expenditure -95.2 -1.1% 70
Asset Turnover 0.1 26.7% 84
Free Cashflow -0.3 20.3% 77

* All values are TTM

The below chart reflects Allkem's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Allkem's peer average final assessment score stands on 66.0, Allkem's score is 65.

  •  AKE
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 10 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 11 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 12 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 13 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 14 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 15 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 16 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 17 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 18 1
Sims Limited 2.7B 68 69 82
Hold
74
74 19 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 20 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 21 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 22 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 23 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 24 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 25 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 26 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 27 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 28 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 29 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 30 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 31 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 32 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 33 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 34 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 35 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 36 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 37 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 38 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 39 1
Equigold NL 854.0M 50 65 87
Hold
67
67 40 1
Ramelius Resources Limited 828.4M 56 68 62
Hold
60
60 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Allkem's stock is now priced above its 5-day and 200-day, but below its 50-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near and long-term. In particular, many institutional investors keep close watch of the 200-day moving average. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Allkem's stock indicates that it's likely oversold. Overall, these technical indicators don't clearly signal directional momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 62.

Neutral 62
Close Price 10.76
52W Low 6.44
52W High 14.1
5D MA 10.26
50D MA 11.8
200D MA 10.27
MACD -0.5
RSI 5.2
STOCH 56.28

Balance Sheet Analysis

Allkem's recently published balance sheet conveys disappointing growth, particularly with respect to Equity and Liabilities metrics. Allkem published concerning equity metrics for this filing. In the current report, equity stood at 666.7, which represents a -5.6% change from the last report. This parameter often affects companies in the same industry and market capitalization by up to 5.9%. This performance is significantly less impressive than its peers and competitors. Consequently, their equity movement received a grade of 44. Also, At filing, Allkem's liabilities were 623.6, representing a 29.1% change from the previous period. Allkem's liabilities changes appear mediocre compared to their peers. Contextually, they convey that management finds balancing asset growth, resource allocation, and liabilities challenging. Therefore, we rated their liabilities movement with a score of 53. That said, one metric, Book Value Factors, stood out as strongly positive. Allkem publishes solid book value factor metrics in this report. Price to book ratio (P/B) now sits at 2.5 and represents a 49.1% change from the previous report. Their industry-leading book value factors momentum reinforces an expectation for future positive momentum for their stock price going forward. Therefore, its book value factors earned a score of 89. Therefore, it received a cautionary score of 57.

Parameter Value Change Score
Assets 1,348.7 6.4% 64
Liabilities 623.6 29.1% 53
Price to Book 2.5 49.1% 89
Cash & Equivalents 258.3 -1.5% 65
Equity 666.7 -5.6% 44
* All values are TTM

The below chart describes Allkem's performance as reflected on its balance sheet with respect to its peers. While Allkem received a balance sheet score of 57, the average of its peers stands on 67.0.

  •  AKE
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 10 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 11 1
Alumina Limited 4.4B 51 69 50 46 84 50 12 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 13 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 14 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 15 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 16 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 17 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 18 1
Sims Limited 2.7B 85 72 83 49 57 68 19 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 20 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 21 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 22 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 23 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 24 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 25 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 26 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 27 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 28 1
West African Resources Limited 1.3B 92 56 81 92 42 87 29 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 30 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 31 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 32 1
Lake Resources NL 1.2B 78 74 55 64 78 66 33 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 34 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 35 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 36 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 37 1
ioneer Ltd 867.9M 98 56 80 86 52 85 38 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 39 1
Equigold NL 854.0M 57 46 86 50 45 50 40 1
Ramelius Resources Limited 828.4M 67 41 78 48 49 56 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Allkem appears likely to maintain its strong income statement metrics and momentum going forward. Allkem's management did a remarkable job this period managing its EBITDA. In terms of the raw numbers, EBITDA was reported as 23.6, which represents a 222.4% change from the last period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 18.3%. The company is headed in the right direction regarding EBITDA, exhibiting efficient capital controls and strong overall financial performance. Therefore, its EBITDA component earned a score of 75. Also, Allkem's reported return on equity (ROE) ratio was -12.6, representing a change of -22.7%. Its return factor metrics are even more remarkable when compared to their peers. The company's return factors (ROA & ROE) components, therefore, received a grade of 74. That said, one metric, Revenue Efficiency, stood out as particularly concerning. Allkem reported discouraging numbers for its revenue efficiency. As of the current filing, they were reported as 84.8 and represented 32.5% change from the previous period. This metric might have a 22.8 percent impact on companies in the same industry and with the same market capitalization. Their revenue efficiency does not make a compelling case for upward pressure on the company's stock price. Consequently, their revenue efficiency received a grade of 46. Therefore, their income statement earned a grade of 61.

Parameter Value Change Score
EBITDA 23.6 222.4% 75
Total Revenues 84.8 32.5% 46
Return on Equity -12.6 -22.7% 74
* All values are TTM

The below chart describes Allkem's performance as reflected on its income statement with respect to its peers. While Allkem received a income statement score of 61 , the average of its peers stands on 67.0.

  •  AKE
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
OZ Minerals Limited 6.2B 48 82 82 66 10 1
Evolution Mining Limited 4.8B 94 46 43 64 11 1
Alumina Limited 4.4B 87 73 76 79 12 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 13 1
Iluka Resources Limited 3.9B 50 62 89 60 14 1
Andean Resources Ltd. 3.7B 37 89 91 97 15 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 16 1
Nickel Industries Limited 2.8B 66 61 55 60 17 1
AVZ Minerals Limited 2.8B 87 63 41 68 18 1
Sims Limited 2.7B 45 90 92 69 19 1
Zimplats Holdings Limited 2.6B 94 50 52 68 20 1
Liontown Resources Limited 2.4B 87 78 91 84 21 1
Perseus Mining Limited 2.3B 42 88 83 65 22 1
Deterra Royalties Limited 2.3B 45 83 66 61 23 1
Sandfire Resources Limited 1.9B 64 73 74 69 24 1
Core Lithium Ltd 1.8B 87 47 81 70 25 1
Chalice Mining Limited 1.5B 99 65 76 81 26 1
Grange Resources Limited 1.5B 74 61 61 64 27 1
Capricorn Metals Ltd 1.3B 37 98 97 69 28 1
West African Resources Limited 1.3B 43 84 63 59 29 1
Silver Lake Resources Limited 1.2B 95 42 41 63 30 1
De Grey Mining Limited 1.2B 44 45 76 47 31 1
Gold Road Resources Limited 1.2B 94 48 49 67 32 1
Lake Resources NL 1.2B 87 62 66 73 33 1
Sayona Mining Limited 1.2B 87 62 66 73 34 1
Regis Resources Limited 1.1B 65 50 45 53 35 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 36 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 37 1
ioneer Ltd 867.9M 87 55 60 69 38 1
Syrah Resources Limited 856.9M 38 67 62 50 39 1
Equigold NL 854.0M 79 44 91 65 40 1
Ramelius Resources Limited 828.4M 94 51 48 68 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Allkem appears likely to maintain its strong cash flow metrics and momentum going forward. Allkem's published asset turnover numbers were encouraging and reflected management's balanced change strategy. Allkem recorded asset turnover of 0.1, which represents a 26.7% change from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.2%. Their impressive asset turnover metrics, specifically in contrast to their industry peers' performance, should support a tailwind in the company's stock price. Therefore, its asset turnover movement earned a score of 84. Also, Free cash flow numbers published by Allkem were -0.3, which was a 20.3% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 3.7%. Their free cash flow situation is all the more impressive relative to their peers and competitors. The company's free cash flow movement, therefore, received a grade of 77. However, one discouraging result, Capital Expenditure, stood out. Allkem's management did not a remarkable job this period managing capital expenditures (CapEx). In terms of the raw numbers, CapEx was reported as -95.2, which represents a -1.1% change from the last period. They appears to be headed in the wrong direction regarding resource allocation, exhibiting prudent capital expenditure growth compared to its peers. Therefore, their CapEx movement component earned a score of 70. Because the company's management is doing an excellent job managing these critical metrics, the cash flow was given a score of 82.

Parameter Value Change Score
Net Cashflow 86.5 28.5% 75
Capital Expenditure -95.2 -1.1% 70
Asset Turnover 0.1 26.7% 84
Free Cashflow -0.3 20.3% 77
* All values are TTM

The below chart describes Allkem's performance as reflected on its cash flow with respect to its peers. While Allkem received a cash flow score of 82, the average of its peers stands on 67.0.

  •  AKE
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
OZ Minerals Limited 6.2B 69 97 66 73 78 10 1
Evolution Mining Limited 4.8B 54 49 61 39 50 11 1
Alumina Limited 4.4B 68 74 76 70 72 12 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 13 1
Iluka Resources Limited 3.9B 75 84 52 74 74 14 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 15 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 16 1
Nickel Industries Limited 2.8B 75 63 76 61 70 17 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 18 1
Sims Limited 2.7B 83 98 56 82 82 19 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 20 1
Liontown Resources Limited 2.4B 59 69 76 51 62 21 1
Perseus Mining Limited 2.3B 69 94 90 83 83 22 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 23 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 24 1
Core Lithium Ltd 1.8B 61 69 76 72 69 25 1
Chalice Mining Limited 1.5B 53 62 84 38 55 26 1
Grange Resources Limited 1.5B 75 79 76 62 73 27 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 28 1
West African Resources Limited 1.3B 73 84 42 58 66 29 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 30 1
De Grey Mining Limited 1.2B 80 69 76 61 73 31 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 32 1
Lake Resources NL 1.2B 68 69 76 60 68 33 1
Sayona Mining Limited 1.2B 68 69 76 60 68 34 1
Regis Resources Limited 1.1B 65 76 68 69 69 35 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 36 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 37 1
ioneer Ltd 867.9M 47 57 54 51 51 38 1
Syrah Resources Limited 856.9M 59 58 43 98 69 39 1
Equigold NL 854.0M 91 69 72 84 87 40 1
Ramelius Resources Limited 828.4M 59 56 81 58 62 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.