Skip to Content

Livent Corp - Stock Quote LTHM

Rating as of

Morningstar's Livent Corp Stock Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Raising Livent FVE to $35 on Higher Lithium Prices and Our Favorable View of New Capacity Expansions

Seth Goldstein, CFA Senior Equity Analyst

Analyst Note

| Seth Goldstein, CFA |

Livent reported strong first-quarter results. Adjusted EBITDA was up nearly 5 times versus the prior-year quarter, driven by higher lithium prices. We have increased our near- and medium-term outlooks for Livent amid higher lithium prices. Separately, Livent announced new long-term capacity expansions that will focus on the company's low-cost carbonate. Livent also announced it increased its stake in the Nemaska lithium project to 50% from 25%. The company also plans to build a lithium recycling facility. Having updated our model to reflect these changes, we raise our Livent fair value estimate to $35 per share from $23. Our narrow moat rating is unchanged.

Read Full Analysis

Livent Corp's Company Profile

Business Description

Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 50% stake in a fully integrated Canadian lithium project.

Contact
1818 Market Street
Philadelphia, PA, 19103
T +1 215 299-5900
Sector Basic Materials
Industry Specialty Chemicals
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Cyclical
Employees 1,109

Livent Corp's Related Articles & News