Largo Inc. (LGO) 10-Year Financial Performance & Capital Metrics

LGO • • Industrial / General

Basic MaterialsIndustrial MaterialsSpecialty Metals & MineralsSpecialty Metals Producers

AboutLargo Inc. engages in the development and sale of vanadium-based utility scale electrical energy storage systems in Canada. The company operates in five segments: Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Its products include VPURE+ vanadium flakes that are used in the production of master alloys and aerospace applications; VPURE vanadium flakes ferrovanadium and vanadium carbon nitride for the steel industry; and VPURE+ vanadium powder for catalyst applications. The company offers renewable energy solutions through Largo Clean Energy. Its products are sourced from vanadium deposits at the Maracás Menchen Mine in Brazil. The company was formerly known as Largo Resources Ltd. and changed its name to Largo Inc. in November 2021. Largo Inc. was incorporated in 1988 and is headquartered in Toronto, Canada.Show more

Revenue $125M -37.1%
EBITDA -$18M -235.7%
Net Income -$50M -64.2%
EPS (Diluted) -0.78 -66.0%
Gross Margin -16.73% -238.9%
EBITDA Margin -14.09% -315.8%
Operating Margin -37.05% -352.2%
Net Margin -39.89% -161.2%
ROE -23.41% -104.1%
ROIC -15.29% -244.1%
Debt/Equity 0.10 -65.8%
Interest Coverage -4.89 -189.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.5x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-1.75%

3Y-14.27%

TTM-22.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-31.3%

EPS CAGR

10Y-

5Y-

3Y-

TTM-30.25%

ROCE

10Y Avg9.6%

5Y Avg-0.53%

3Y Avg-5.37%

Latest-16.57%

Peer Comparison

Specialty Metals Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MTRNMaterion Corporation	3.09B	149.19	532.82	1.17%	1.12%	2.08%	0.23%	0.60
GSMFerroglobe PLC	990.98M	5.31	177	-0.37%	-8.58%	-14.98%	16.86%	0.24
LGOLargo Inc.	109.61M	1.31	-1.68	-37.13%	-57.33%	-47.11%		0.10
AECAnfield Energy Inc. Common Shares	128.45M	7.43	-9.91			-26.29%		0.21
UAMYUnited States Antimony Corporation	1.16B	8.29	-518.13	71.84%	-14.91%	-6.88%	0.15%	0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.48M	60.44M	133.38M	382.82M	136.48M	119.99M	198.28M	229.25M	198.68M	124.92M
Revenue Growth %	-	10.04%	1.21%	1.87%	-0.64%	-0.12%	0.65%	0.16%	-0.13%	-0.37%
Cost of Goods Sold+	21.17M	84.2M	95.75M	99.66M	120.69M	88.39M	133.01M	169.72M	174.76M	145.82M
COGS % of Revenue	3.87%	1.39%	0.72%	0.26%	0.88%	0.74%	0.67%	0.74%	0.88%	1.17%
Gross Profit+	-15.69M	-23.76M	37.63M	283.16M	15.79M	31.6M	65.27M	59.53M	23.93M	-20.9M
Gross Margin %	-2.87%	-0.39%	0.28%	0.74%	0.12%	0.26%	0.33%	0.26%	0.12%	-0.17%
Gross Profit Growth %	-	-0.51%	2.58%	6.52%	-0.94%	1%	1.07%	-0.09%	-0.6%	-1.87%
Operating Expenses+	9.16M	9.95M	10.79M	15.54M	25.32M	31.6M	28.56M	43.84M	40.2M	25.38M
OpEx % of Revenue	1.67%	0.16%	0.08%	0.04%	0.19%	0.26%	0.14%	0.19%	0.2%	0.2%
Selling, General & Admin	8.87M	9.88M	10.78M	14.67M	25.32M	12.31M	25.48M	41.97M	34.5M	23.05M
SG&A % of Revenue	1.62%	0.16%	0.08%	0.04%	0.19%	0.1%	0.13%	0.18%	0.17%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	287.53K	72.91K	10.34K	871.49K	0	19.28M	3.07M	1.88M	5.71M	2.33M
Operating Income+	-24.85M	-33.71M	26.85M	267.62M	-9.54M	0	36.71M	15.69M	-16.28M	-46.28M
Operating Margin %	-4.54%	-0.56%	0.2%	0.7%	-0.07%	-	0.19%	0.07%	-0.08%	-0.37%
Operating Income Growth %	-0.28%	-0.36%	1.8%	8.97%	-1.04%	1%	-	-0.57%	-2.04%	-1.84%
EBITDA+	-18.83M	-8.63M	53.27M	290.41M	30.41M	26.53M	59.23M	38.97M	12.97M	-17.61M
EBITDA Margin %	-3.44%	-0.14%	0.4%	0.76%	0.22%	0.22%	0.3%	0.17%	0.07%	-0.14%
EBITDA Growth %	0.03%	0.54%	7.17%	4.45%	-0.9%	-0.13%	1.23%	-0.34%	-0.67%	-2.36%
D&A (Non-Cash Add-back)	6.03M	25.08M	26.42M	22.79M	39.94M	17.51M	22.51M	23.28M	29.25M	28.68M
EBIT	-88.43M	-15.15M	24.15M	266.03M	-20.25M	9.02M	32.89M	5.68M	-25.43M	-61.78M
Net Interest Income+	-6.09M	-32.19M	-36.86M	-28.48M	-8.78M	-151K	-725K	-537K	-7.61M	-7.94M
Interest Income	0	0	0	659.31K	4.91M	1.15M	403K	1.11M	2.02M	1.52M
Interest Expense	6.09M	32.19M	36.86M	29.14M	13.69M	1.3M	1.13M	1.65M	9.63M	9.46M
Other Income/Expense	-68.8M	-7.67M	-34.03M	-30.73M	-20.97M	7.72M	-4.96M	-11.65M	-18.78M	-24.96M
Pretax Income+	-93.65M	-41.39M	-7.18M	236.89M	-30.51M	7.72M	31.76M	4.04M	-35.06M	-71.25M
Pretax Margin %	-17.1%	-0.68%	-0.05%	0.62%	-0.22%	0.06%	0.16%	0.02%	-0.18%	-0.57%
Income Tax+	0	0	1.1M	4.92M	4.51M	962K	9.19M	6.26M	-2.7M	-20.68M
Effective Tax Rate %	1%	1%	1.15%	0.98%	1.15%	0.88%	0.71%	-0.36%	0.87%	0.7%
Net Income+	-93.65M	-41.39M	-8.28M	231.97M	-35.02M	6.76M	22.57M	-1.45M	-30.34M	-49.83M
Net Margin %	-17.1%	-0.68%	-0.06%	0.61%	-0.26%	0.06%	0.11%	-0.01%	-0.15%	-0.4%
Net Income Growth %	-1.08%	0.56%	0.8%	29.01%	-1.15%	1.19%	2.34%	-1.06%	-19.91%	-0.64%
Net Income (Continuing)	-93.65M	-41.39M	-8.28M	231.97M	-35.02M	6.76M	22.57M	-2.23M	-32.36M	-50.56M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	9.16M	7.11M	6.41M
EPS (Diluted)+	-5.60	-1.07	-0.18	3.61	-0.52	0.12	0.34	-0.03	-0.47	-0.78
EPS Growth %	-0.25%	0.81%	0.83%	21.06%	-1.14%	1.23%	1.83%	-1.1%	-12.62%	-0.66%
EPS (Basic)	-5.60	-1.07	-0.18	3.61	-0.52	0.13	0.35	-0.03	-0.47	-0.78
Diluted Shares Outstanding	16.71M	38.7M	46.8M	64.23M	53.5M	61.36M	65.05M	64.45M	64.04M	64.11M
Basic Shares Outstanding	16.71M	38.7M	46.8M	64.23M	53.5M	56.4M	64.05M	64.45M	64.04M	64.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	14.21M	23.96M	70.85M	210.34M	157.31M	137.3M	159.98M	154.14M	136.42M	93.29M
Cash & Short-Term Investments	2.07M	563.95K	43.52M	151.38M	128.15M	79.14M	83.79M	54.47M	43.2M	22.11M
Cash Only	2.07M	563.95K	43.52M	151.38M	128.15M	79.14M	83.79M	54.47M	43.2M	22.11M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.03M	12.88M	8.91M	45.93M	6.18M	19.1M	23.68M	20.98M	25.47M	9.74M
Days Sales Outstanding	135.56	77.78	24.39	43.79	16.54	58.09	43.6	33.4	46.79	28.45
Inventory	4.64M	8.22M	10.94M	10.55M	21.34M	35.34M	45.32M	64.22M	61.25M	47.54M
Days Inventory Outstanding	80.04	35.65	41.71	38.64	64.53	145.92	124.37	138.11	127.93	118.99
Other Current Assets	2.8M	1.88M	3.33M	15K	0	0	448K	470K	0	8.15M
Total Non-Current Assets+	213.33M	238.88M	224.43M	195.54M	214.41M	160.51M	153.93M	201.61M	259.97M	225.38M
Property, Plant & Equipment	213.33M	238.88M	224.43M	181.68M	191.51M	148.97M	146.66M	175.24M	211.09M	170.65M
Fixed Asset Turnover	0.03x	0.25x	0.59x	2.11x	0.71x	0.81x	1.35x	1.31x	0.94x	0.73x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	4.37M	3.93M	7.26M	6.12M	2.25M
Long-Term Investments	0	0	0	0	0	0	190.42M	0	0	101.57K
Other Non-Current Assets	0	0	0	0	0	0	-190.42M	14.51M	18.58M	30.3M
Total Assets+	227.54M	262.85M	295.28M	405.88M	371.72M	297.81M	313.91M	355.75M	396.39M	318.67M
Asset Turnover	0.02x	0.23x	0.45x	0.94x	0.37x	0.40x	0.63x	0.64x	0.50x	0.39x
Asset Growth %	-0.37%	0.16%	0.12%	0.37%	-0.08%	-0.2%	0.05%	0.13%	0.11%	-0.2%
Total Current Liabilities+	72.29M	70M	97.16M	111.03M	78.64M	44.35M	41.67M	38.97M	42.24M	114.26M
Accounts Payable	14M	18.48M	16.65M	17.7M	75.46M	12.29M	14.05M	26.62M	31.28M	21.65M
Days Payables Outstanding	241.36	80.12	63.46	64.82	228.19	50.75	38.56	57.25	65.33	54.19
Short-Term Debt	30.97M	36.78M	58.17M	86.16M	0	24.79M	15M	4M	596.93K	0
Deferred Revenue (Current)	413.64K	241.8K	431.01K	1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	28.03M	24.09M	25.39M	306.9K	3.18M	368K	913K	6.07M	6.83M	88.72M
Current Ratio	0.20x	0.34x	0.73x	1.89x	2.00x	3.10x	3.84x	3.96x	3.23x	0.82x
Quick Ratio	0.13x	0.22x	0.62x	1.80x	1.73x	2.30x	2.75x	2.31x	1.78x	0.40x
Cash Conversion Cycle	-25.76	33.31	2.63	17.62	-147.12	153.27	129.41	114.26	109.38	93.25
Total Non-Current Liabilities+	131.52M	172.89M	138.99M	6.51M	19.65M	6.29M	6.54M	42.22M	99.66M	45.3M
Long-Term Debt	127.54M	168.77M	133.48M	0	0	0	0	36M	74.62M	17.49M
Capital Lease Obligations	0	0	0	0	0	0	1.99M	1.47M	920.27K	0
Deferred Tax Liabilities	0	0	0	0	12.27M	0	13.82M	12.96M	16.72M	0
Other Non-Current Liabilities	3.97M	4.13M	5.51M	6.51M	7.38M	6.29M	4.56M	4.75M	7.4M	14.17M
Total Liabilities	203.8M	242.89M	236.15M	117.54M	98.29M	50.64M	48.21M	81.2M	141.9M	147.44M
Total Debt+	158.52M	205.55M	191.65M	86.16M	0	24.79M	17.55M	42.05M	76.13M	17.5M
Net Debt	156.45M	204.98M	148.14M	-65.22M	-128.15M	-54.36M	-66.24M	-12.42M	32.93M	-4.61M
Debt / Equity	6.68x	10.30x	3.24x	0.30x	-	0.10x	0.07x	0.15x	0.30x	0.10x
Debt / EBITDA	-	-	3.60x	0.30x	-	0.93x	0.30x	1.08x	5.87x	-
Net Debt / EBITDA	-	-	2.78x	-0.22x	-4.21x	-2.05x	-1.12x	-0.32x	2.54x	-
Interest Coverage	-4.08x	-1.05x	0.73x	9.18x	-0.70x	-	32.55x	9.53x	-1.69x	-4.89x
Total Equity+	23.74M	19.96M	59.13M	288.34M	273.43M	247.16M	265.7M	274.55M	254.49M	171.23M
Equity Growth %	-0.83%	-0.16%	1.96%	3.88%	-0.05%	-0.1%	0.07%	0.03%	-0.07%	-0.33%
Book Value per Share	1.42	0.52	1.26	4.49	5.11	4.03	4.08	4.26	3.97	2.67
Total Shareholders' Equity	23.74M	19.96M	59.13M	288.34M	273.43M	247.16M	265.7M	265.39M	247.38M	164.82M
Common Stock	236.87M	266.67M	318.63M	304.88M	337.72M	406.21M	415.98M	411.65M	410.19M	412.74M
Retained Earnings	-215.29M	-255.73M	-275.49M	-21.64M	-49.41M	-71.9M	-49.33M	-48.23M	-77.25M	-126.5M
Treasury Stock	-421.38M	-112.7M	-486.84M	0	0	0	0	0	0	0
Accumulated OCI	-12.69M	-8.81M	-7.93M	-13.88M	-14.88M	-108.44M	-118.77M	-112.17M	-85.56M	-133.53M
Minority Interest	0	0	0	0	0	0	0	9.16M	7.11M	6.41M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.07M	-11.86M	46.6M	258.49M	104.6M	-61.46M	39.78M	3.46M	21.2M	11.16M
Operating CF Margin %	-1.11%	-0.2%	0.35%	0.68%	0.77%	-0.51%	0.2%	0.02%	0.11%	0.09%
Operating CF Growth %	0.64%	-0.95%	4.93%	4.55%	-0.6%	-1.59%	1.65%	-0.91%	5.13%	-0.47%
Net Income	-93.65M	-41.39M	-8.28M	231.97M	-26.97M	7.12M	22.57M	-2.23M	-32.36M	-50.56M
Depreciation & Amortization	6.03M	25.08M	26.42M	22.79M	23.87M	18.43M	22.51M	23.28M	29.25M	28.68M
Stock-Based Compensation	2.05M	1.68M	85.09K	1.48M	3.55M	0	3.13M	2.37M	-362K	1.32M
Deferred Taxes	61.83M	-19.34M	3.83M	4.92M	3.48M	866.48K	9.19M	6.26M	-2.7M	-20.68M
Other Non-Cash Items	5M	26.24M	31.33M	34.84M	17.7M	-12.52M	-2.04M	-8.27M	15.5M	44.48M
Working Capital Changes	12.68M	-4.13M	-6.79M	-37.51M	82.97M	-75.35M	-15.59M	-17.96M	11.86M	7.92M
Change in Receivables	-249.34K	-8.69M	1.27M	-31.86M	38.85M	-15.14M	-5.45M	3.57M	-3.86M	14.1M
Change in Inventory	2.23M	-2.4M	-2.08M	-1.65M	-7.84M	-11.77M	-11.05M	-15.71M	1.29M	-5.84M
Change in Payables	0	0	0	0	55.81M	-49.36M	1.82M	5.18M	4.61M	-383K
Cash from Investing+	-28.69M	-11.58M	-15.43M	-13.94M	-37.95M	-19.06M	-27.4M	-60.15M	-62.88M	-42.23M
Capital Expenditures	-55.66M	-11.58M	-15.43M	-13.94M	-37.95M	-19.06M	-27.4M	-45.64M	-53.7M	-42.23M
CapEx % of Revenue	10.16%	0.19%	0.12%	0.04%	0.28%	0.16%	0.14%	0.2%	0.27%	0.34%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	26.97M	0	0	0	0	0	0	-14.51M	-9.18M	0
Cash from Financing+	28.82M	29.19M	13.97M	-130.53M	-85.31M	30.55M	-6.9M	26.43M	29.13M	12.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-14.62M	-25.47M	-21.76M	-10.38M	-2.48M	0	-45K	7.82M	-5.29M	-4.64M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-61.73M	-23.44M	31.17M	244.55M	66.65M	-80.52M	12.38M	-42.18M	-32.51M	-31.07M
FCF Margin %	-11.27%	-0.39%	0.23%	0.64%	0.49%	-0.67%	0.06%	-0.18%	-0.16%	-0.25%
FCF Growth %	0.21%	0.62%	2.33%	6.85%	-0.73%	-2.21%	1.15%	-4.41%	0.23%	0.04%
FCF per Share	-3.69	-0.61	0.67	3.81	1.25	-1.31	0.19	-0.65	-0.51	-0.48
FCF Conversion (FCF/Net Income)	0.06x	0.29x	-5.63x	1.11x	-2.99x	-9.09x	1.76x	-2.38x	-0.70x	-0.22x
Interest Paid	0	0	0	0	0	0	0	616K	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-112.49%	-189.43%	-20.94%	133.52%	-12.47%	2.6%	8.8%	-0.54%	-11.47%	-23.41%
Return on Invested Capital (ROIC)	-7.4%	-12.48%	9.32%	93.27%	-3.88%	-	14.04%	5.1%	-4.44%	-15.29%
Gross Margin	-286.54%	-39.32%	28.21%	73.97%	11.57%	26.33%	32.92%	25.97%	12.04%	-16.73%
Net Margin	-1710%	-68.48%	-6.21%	60.6%	-25.66%	5.63%	11.38%	-0.63%	-15.27%	-39.89%
Debt / Equity	6.68x	10.30x	3.24x	0.30x	-	0.10x	0.07x	0.15x	0.30x	0.10x
Interest Coverage	-4.08x	-1.05x	0.73x	9.18x	-0.70x	-	32.55x	9.53x	-1.69x	-4.89x
FCF Conversion	0.06x	0.29x	-5.63x	1.11x	-2.99x	-9.09x	1.76x	-2.38x	-0.70x	-0.22x
Revenue Growth	-	1003.52%	120.69%	187.02%	-64.35%	-12.08%	65.25%	15.62%	-13.33%	-37.13%

Frequently Asked Questions

Growth & Financials

Largo Inc. (LGO) reported $111.9M in revenue for fiscal year 2024.

Largo Inc. (LGO) saw revenue decline by 37.1% over the past year.

Largo Inc. (LGO) reported a net loss of $64.1M for fiscal year 2024.

Dividend & Returns

Largo Inc. (LGO) has a return on equity (ROE) of -23.4%. Negative ROE indicates the company is unprofitable.

Largo Inc. (LGO) had negative free cash flow of $29.4M in fiscal year 2024, likely due to heavy capital investments.

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Largo Inc. (LGO) 10-Year Financial Performance & Capital Metrics

LGO • • Industrial / General

Basic MaterialsIndustrial MaterialsSpecialty Metals & MineralsSpecialty Metals Producers

Revenue $125M -37.1%
EBITDA -$18M -235.7%
Net Income -$50M -64.2%
EPS (Diluted) -0.78 -66.0%
Gross Margin -16.73% -238.9%
EBITDA Margin -14.09% -315.8%
Operating Margin -37.05% -352.2%
Net Margin -39.89% -161.2%
ROE -23.41% -104.1%
ROIC -15.29% -244.1%
Debt/Equity 0.10 -65.8%
Interest Coverage -4.89 -189.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading at only 0.5x book value

✗Weaknesses

✗Weak Piotroski F-Score: 3/9
✗Negative free cash flow
✗Trading more than 30% below 52-week high

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-1.75%

3Y-14.27%

TTM-22.74%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-31.3%

EPS CAGR

10Y-

5Y-

3Y-

TTM-30.25%

ROCE

10Y Avg9.6%

5Y Avg-0.53%

3Y Avg-5.37%

Latest-16.57%

Peer Comparison

Specialty Metals Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MTRNMaterion Corporation	3.09B	149.19	532.82	1.17%	1.12%	2.08%	0.23%	0.60
GSMFerroglobe PLC	990.98M	5.31	177	-0.37%	-8.58%	-14.98%	16.86%	0.24
LGOLargo Inc.	109.61M	1.31	-1.68	-37.13%	-57.33%	-47.11%		0.10
AECAnfield Energy Inc. Common Shares	128.45M	7.43	-9.91			-26.29%		0.21
UAMYUnited States Antimony Corporation	1.16B	8.29	-518.13	71.84%	-14.91%	-6.88%	0.15%	0.06

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	5.48M	60.44M	133.38M	382.82M	136.48M	119.99M	198.28M	229.25M	198.68M	124.92M
Revenue Growth %	-	10.04%	1.21%	1.87%	-0.64%	-0.12%	0.65%	0.16%	-0.13%	-0.37%
Cost of Goods Sold+	21.17M	84.2M	95.75M	99.66M	120.69M	88.39M	133.01M	169.72M	174.76M	145.82M
COGS % of Revenue	3.87%	1.39%	0.72%	0.26%	0.88%	0.74%	0.67%	0.74%	0.88%	1.17%
Gross Profit+	-15.69M	-23.76M	37.63M	283.16M	15.79M	31.6M	65.27M	59.53M	23.93M	-20.9M
Gross Margin %	-2.87%	-0.39%	0.28%	0.74%	0.12%	0.26%	0.33%	0.26%	0.12%	-0.17%
Gross Profit Growth %	-	-0.51%	2.58%	6.52%	-0.94%	1%	1.07%	-0.09%	-0.6%	-1.87%
Operating Expenses+	9.16M	9.95M	10.79M	15.54M	25.32M	31.6M	28.56M	43.84M	40.2M	25.38M
OpEx % of Revenue	1.67%	0.16%	0.08%	0.04%	0.19%	0.26%	0.14%	0.19%	0.2%	0.2%
Selling, General & Admin	8.87M	9.88M	10.78M	14.67M	25.32M	12.31M	25.48M	41.97M	34.5M	23.05M
SG&A % of Revenue	1.62%	0.16%	0.08%	0.04%	0.19%	0.1%	0.13%	0.18%	0.17%	0.18%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	287.53K	72.91K	10.34K	871.49K	0	19.28M	3.07M	1.88M	5.71M	2.33M
Operating Income+	-24.85M	-33.71M	26.85M	267.62M	-9.54M	0	36.71M	15.69M	-16.28M	-46.28M
Operating Margin %	-4.54%	-0.56%	0.2%	0.7%	-0.07%	-	0.19%	0.07%	-0.08%	-0.37%
Operating Income Growth %	-0.28%	-0.36%	1.8%	8.97%	-1.04%	1%	-	-0.57%	-2.04%	-1.84%
EBITDA+	-18.83M	-8.63M	53.27M	290.41M	30.41M	26.53M	59.23M	38.97M	12.97M	-17.61M
EBITDA Margin %	-3.44%	-0.14%	0.4%	0.76%	0.22%	0.22%	0.3%	0.17%	0.07%	-0.14%
EBITDA Growth %	0.03%	0.54%	7.17%	4.45%	-0.9%	-0.13%	1.23%	-0.34%	-0.67%	-2.36%
D&A (Non-Cash Add-back)	6.03M	25.08M	26.42M	22.79M	39.94M	17.51M	22.51M	23.28M	29.25M	28.68M
EBIT	-88.43M	-15.15M	24.15M	266.03M	-20.25M	9.02M	32.89M	5.68M	-25.43M	-61.78M
Net Interest Income+	-6.09M	-32.19M	-36.86M	-28.48M	-8.78M	-151K	-725K	-537K	-7.61M	-7.94M
Interest Income	0	0	0	659.31K	4.91M	1.15M	403K	1.11M	2.02M	1.52M
Interest Expense	6.09M	32.19M	36.86M	29.14M	13.69M	1.3M	1.13M	1.65M	9.63M	9.46M
Other Income/Expense	-68.8M	-7.67M	-34.03M	-30.73M	-20.97M	7.72M	-4.96M	-11.65M	-18.78M	-24.96M
Pretax Income+	-93.65M	-41.39M	-7.18M	236.89M	-30.51M	7.72M	31.76M	4.04M	-35.06M	-71.25M
Pretax Margin %	-17.1%	-0.68%	-0.05%	0.62%	-0.22%	0.06%	0.16%	0.02%	-0.18%	-0.57%
Income Tax+	0	0	1.1M	4.92M	4.51M	962K	9.19M	6.26M	-2.7M	-20.68M
Effective Tax Rate %	1%	1%	1.15%	0.98%	1.15%	0.88%	0.71%	-0.36%	0.87%	0.7%
Net Income+	-93.65M	-41.39M	-8.28M	231.97M	-35.02M	6.76M	22.57M	-1.45M	-30.34M	-49.83M
Net Margin %	-17.1%	-0.68%	-0.06%	0.61%	-0.26%	0.06%	0.11%	-0.01%	-0.15%	-0.4%
Net Income Growth %	-1.08%	0.56%	0.8%	29.01%	-1.15%	1.19%	2.34%	-1.06%	-19.91%	-0.64%
Net Income (Continuing)	-93.65M	-41.39M	-8.28M	231.97M	-35.02M	6.76M	22.57M	-2.23M	-32.36M	-50.56M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	9.16M	7.11M	6.41M
EPS (Diluted)+	-5.60	-1.07	-0.18	3.61	-0.52	0.12	0.34	-0.03	-0.47	-0.78
EPS Growth %	-0.25%	0.81%	0.83%	21.06%	-1.14%	1.23%	1.83%	-1.1%	-12.62%	-0.66%
EPS (Basic)	-5.60	-1.07	-0.18	3.61	-0.52	0.13	0.35	-0.03	-0.47	-0.78
Diluted Shares Outstanding	16.71M	38.7M	46.8M	64.23M	53.5M	61.36M	65.05M	64.45M	64.04M	64.11M
Basic Shares Outstanding	16.71M	38.7M	46.8M	64.23M	53.5M	56.4M	64.05M	64.45M	64.04M	64.11M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	14.21M	23.96M	70.85M	210.34M	157.31M	137.3M	159.98M	154.14M	136.42M	93.29M
Cash & Short-Term Investments	2.07M	563.95K	43.52M	151.38M	128.15M	79.14M	83.79M	54.47M	43.2M	22.11M
Cash Only	2.07M	563.95K	43.52M	151.38M	128.15M	79.14M	83.79M	54.47M	43.2M	22.11M
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	2.03M	12.88M	8.91M	45.93M	6.18M	19.1M	23.68M	20.98M	25.47M	9.74M
Days Sales Outstanding	135.56	77.78	24.39	43.79	16.54	58.09	43.6	33.4	46.79	28.45
Inventory	4.64M	8.22M	10.94M	10.55M	21.34M	35.34M	45.32M	64.22M	61.25M	47.54M
Days Inventory Outstanding	80.04	35.65	41.71	38.64	64.53	145.92	124.37	138.11	127.93	118.99
Other Current Assets	2.8M	1.88M	3.33M	15K	0	0	448K	470K	0	8.15M
Total Non-Current Assets+	213.33M	238.88M	224.43M	195.54M	214.41M	160.51M	153.93M	201.61M	259.97M	225.38M
Property, Plant & Equipment	213.33M	238.88M	224.43M	181.68M	191.51M	148.97M	146.66M	175.24M	211.09M	170.65M
Fixed Asset Turnover	0.03x	0.25x	0.59x	2.11x	0.71x	0.81x	1.35x	1.31x	0.94x	0.73x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	4.37M	3.93M	7.26M	6.12M	2.25M
Long-Term Investments	0	0	0	0	0	0	190.42M	0	0	101.57K
Other Non-Current Assets	0	0	0	0	0	0	-190.42M	14.51M	18.58M	30.3M
Total Assets+	227.54M	262.85M	295.28M	405.88M	371.72M	297.81M	313.91M	355.75M	396.39M	318.67M
Asset Turnover	0.02x	0.23x	0.45x	0.94x	0.37x	0.40x	0.63x	0.64x	0.50x	0.39x
Asset Growth %	-0.37%	0.16%	0.12%	0.37%	-0.08%	-0.2%	0.05%	0.13%	0.11%	-0.2%
Total Current Liabilities+	72.29M	70M	97.16M	111.03M	78.64M	44.35M	41.67M	38.97M	42.24M	114.26M
Accounts Payable	14M	18.48M	16.65M	17.7M	75.46M	12.29M	14.05M	26.62M	31.28M	21.65M
Days Payables Outstanding	241.36	80.12	63.46	64.82	228.19	50.75	38.56	57.25	65.33	54.19
Short-Term Debt	30.97M	36.78M	58.17M	86.16M	0	24.79M	15M	4M	596.93K	0
Deferred Revenue (Current)	413.64K	241.8K	431.01K	1000K	0	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	28.03M	24.09M	25.39M	306.9K	3.18M	368K	913K	6.07M	6.83M	88.72M
Current Ratio	0.20x	0.34x	0.73x	1.89x	2.00x	3.10x	3.84x	3.96x	3.23x	0.82x
Quick Ratio	0.13x	0.22x	0.62x	1.80x	1.73x	2.30x	2.75x	2.31x	1.78x	0.40x
Cash Conversion Cycle	-25.76	33.31	2.63	17.62	-147.12	153.27	129.41	114.26	109.38	93.25
Total Non-Current Liabilities+	131.52M	172.89M	138.99M	6.51M	19.65M	6.29M	6.54M	42.22M	99.66M	45.3M
Long-Term Debt	127.54M	168.77M	133.48M	0	0	0	0	36M	74.62M	17.49M
Capital Lease Obligations	0	0	0	0	0	0	1.99M	1.47M	920.27K	0
Deferred Tax Liabilities	0	0	0	0	12.27M	0	13.82M	12.96M	16.72M	0
Other Non-Current Liabilities	3.97M	4.13M	5.51M	6.51M	7.38M	6.29M	4.56M	4.75M	7.4M	14.17M
Total Liabilities	203.8M	242.89M	236.15M	117.54M	98.29M	50.64M	48.21M	81.2M	141.9M	147.44M
Total Debt+	158.52M	205.55M	191.65M	86.16M	0	24.79M	17.55M	42.05M	76.13M	17.5M
Net Debt	156.45M	204.98M	148.14M	-65.22M	-128.15M	-54.36M	-66.24M	-12.42M	32.93M	-4.61M
Debt / Equity	6.68x	10.30x	3.24x	0.30x	-	0.10x	0.07x	0.15x	0.30x	0.10x
Debt / EBITDA	-	-	3.60x	0.30x	-	0.93x	0.30x	1.08x	5.87x	-
Net Debt / EBITDA	-	-	2.78x	-0.22x	-4.21x	-2.05x	-1.12x	-0.32x	2.54x	-
Interest Coverage	-4.08x	-1.05x	0.73x	9.18x	-0.70x	-	32.55x	9.53x	-1.69x	-4.89x
Total Equity+	23.74M	19.96M	59.13M	288.34M	273.43M	247.16M	265.7M	274.55M	254.49M	171.23M
Equity Growth %	-0.83%	-0.16%	1.96%	3.88%	-0.05%	-0.1%	0.07%	0.03%	-0.07%	-0.33%
Book Value per Share	1.42	0.52	1.26	4.49	5.11	4.03	4.08	4.26	3.97	2.67
Total Shareholders' Equity	23.74M	19.96M	59.13M	288.34M	273.43M	247.16M	265.7M	265.39M	247.38M	164.82M
Common Stock	236.87M	266.67M	318.63M	304.88M	337.72M	406.21M	415.98M	411.65M	410.19M	412.74M
Retained Earnings	-215.29M	-255.73M	-275.49M	-21.64M	-49.41M	-71.9M	-49.33M	-48.23M	-77.25M	-126.5M
Treasury Stock	-421.38M	-112.7M	-486.84M	0	0	0	0	0	0	0
Accumulated OCI	-12.69M	-8.81M	-7.93M	-13.88M	-14.88M	-108.44M	-118.77M	-112.17M	-85.56M	-133.53M
Minority Interest	0	0	0	0	0	0	0	9.16M	7.11M	6.41M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-6.07M	-11.86M	46.6M	258.49M	104.6M	-61.46M	39.78M	3.46M	21.2M	11.16M
Operating CF Margin %	-1.11%	-0.2%	0.35%	0.68%	0.77%	-0.51%	0.2%	0.02%	0.11%	0.09%
Operating CF Growth %	0.64%	-0.95%	4.93%	4.55%	-0.6%	-1.59%	1.65%	-0.91%	5.13%	-0.47%
Net Income	-93.65M	-41.39M	-8.28M	231.97M	-26.97M	7.12M	22.57M	-2.23M	-32.36M	-50.56M
Depreciation & Amortization	6.03M	25.08M	26.42M	22.79M	23.87M	18.43M	22.51M	23.28M	29.25M	28.68M
Stock-Based Compensation	2.05M	1.68M	85.09K	1.48M	3.55M	0	3.13M	2.37M	-362K	1.32M
Deferred Taxes	61.83M	-19.34M	3.83M	4.92M	3.48M	866.48K	9.19M	6.26M	-2.7M	-20.68M
Other Non-Cash Items	5M	26.24M	31.33M	34.84M	17.7M	-12.52M	-2.04M	-8.27M	15.5M	44.48M
Working Capital Changes	12.68M	-4.13M	-6.79M	-37.51M	82.97M	-75.35M	-15.59M	-17.96M	11.86M	7.92M
Change in Receivables	-249.34K	-8.69M	1.27M	-31.86M	38.85M	-15.14M	-5.45M	3.57M	-3.86M	14.1M
Change in Inventory	2.23M	-2.4M	-2.08M	-1.65M	-7.84M	-11.77M	-11.05M	-15.71M	1.29M	-5.84M
Change in Payables	0	0	0	0	55.81M	-49.36M	1.82M	5.18M	4.61M	-383K
Cash from Investing+	-28.69M	-11.58M	-15.43M	-13.94M	-37.95M	-19.06M	-27.4M	-60.15M	-62.88M	-42.23M
Capital Expenditures	-55.66M	-11.58M	-15.43M	-13.94M	-37.95M	-19.06M	-27.4M	-45.64M	-53.7M	-42.23M
CapEx % of Revenue	10.16%	0.19%	0.12%	0.04%	0.28%	0.16%	0.14%	0.2%	0.27%	0.34%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	26.97M	0	0	0	0	0	0	-14.51M	-9.18M	0
Cash from Financing+	28.82M	29.19M	13.97M	-130.53M	-85.31M	30.55M	-6.9M	26.43M	29.13M	12.04M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-14.62M	-25.47M	-21.76M	-10.38M	-2.48M	0	-45K	7.82M	-5.29M	-4.64M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-61.73M	-23.44M	31.17M	244.55M	66.65M	-80.52M	12.38M	-42.18M	-32.51M	-31.07M
FCF Margin %	-11.27%	-0.39%	0.23%	0.64%	0.49%	-0.67%	0.06%	-0.18%	-0.16%	-0.25%
FCF Growth %	0.21%	0.62%	2.33%	6.85%	-0.73%	-2.21%	1.15%	-4.41%	0.23%	0.04%
FCF per Share	-3.69	-0.61	0.67	3.81	1.25	-1.31	0.19	-0.65	-0.51	-0.48
FCF Conversion (FCF/Net Income)	0.06x	0.29x	-5.63x	1.11x	-2.99x	-9.09x	1.76x	-2.38x	-0.70x	-0.22x
Interest Paid	0	0	0	0	0	0	0	616K	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-112.49%	-189.43%	-20.94%	133.52%	-12.47%	2.6%	8.8%	-0.54%	-11.47%	-23.41%
Return on Invested Capital (ROIC)	-7.4%	-12.48%	9.32%	93.27%	-3.88%	-	14.04%	5.1%	-4.44%	-15.29%
Gross Margin	-286.54%	-39.32%	28.21%	73.97%	11.57%	26.33%	32.92%	25.97%	12.04%	-16.73%
Net Margin	-1710%	-68.48%	-6.21%	60.6%	-25.66%	5.63%	11.38%	-0.63%	-15.27%	-39.89%
Debt / Equity	6.68x	10.30x	3.24x	0.30x	-	0.10x	0.07x	0.15x	0.30x	0.10x
Interest Coverage	-4.08x	-1.05x	0.73x	9.18x	-0.70x	-	32.55x	9.53x	-1.69x	-4.89x
FCF Conversion	0.06x	0.29x	-5.63x	1.11x	-2.99x	-9.09x	1.76x	-2.38x	-0.70x	-0.22x
Revenue Growth	-	1003.52%	120.69%	187.02%	-64.35%	-12.08%	65.25%	15.62%	-13.33%	-37.13%

Frequently Asked Questions

Growth & Financials

Largo Inc. (LGO) reported $111.9M in revenue for fiscal year 2024.

Largo Inc. (LGO) saw revenue decline by 37.1% over the past year.

Largo Inc. (LGO) reported a net loss of $64.1M for fiscal year 2024.

Dividend & Returns

Largo Inc. (LGO) has a return on equity (ROE) of -23.4%. Negative ROE indicates the company is unprofitable.

Largo Inc. (LGO) had negative free cash flow of $29.4M in fiscal year 2024, likely due to heavy capital investments.