Lifezone Metals Limited (LZM) 10-Year Financial Performance & Capital Metrics

LZM • • Industrial / General

Basic MaterialsIndustrial MaterialsBattery Metals & Critical MineralsRare Earth & Specialty Battery Metals

AboutLifezone Metals Limited operates as a metals company in the battery metals supply chain of extraction, processing, and recycling. It supplies low-carbon and sulphur dioxide emission metals to the battery and EV markets. The company's products include nickel, copper, and cobalt. Its flagship project is the Kabanga nickel project in North-West Tanzania. The company is based in Ramsey, Isle of Man.Show more

Revenue $141K -90.5%
EBITDA -$47M +87.1%
Net Income -$46M +87.3%
EPS (Diluted) -0.59 +89.3%
Gross Margin 38.18% -22.1%
EBITDA Margin -33541.76% -36.0%
Operating Margin -34353.78% -39.0%
Net Margin -32952.31% -33.8%
ROE -40.68% +88.6%
ROIC -40.59% +89.9%
Debt/Equity 0.28 +1898.4%
Interest Coverage -7.50 +99.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 83 (top 17%)

✗Weaknesses

✗Weak Piotroski F-Score: 2/9
✗Negative free cash flow
✗Low quality earnings: Net income not backed by cash flow
✗Shares diluted 18.8% in last year
✗Low asset turnover indicates capital-intensive operations

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y-

3Y-59.35%

TTM-58.15%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1065.6%

EPS CAGR

10Y-

5Y-

3Y-

TTM-303.46%

ROCE

10Y Avg-97.19%

5Y Avg-97.19%

3Y Avg-142.29%

Latest-41.95%

Peer Comparison

Rare Earth & Specialty Battery Metals

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	Debt/Equity
USARUSA Rare Earth Inc	2.34B	16.79	180.15			0.37%	1.47
ELBMElectra Battery Materials Corporation	83.35M	0.89	-0.43			-55.75%	1.12
ABATAmerican Battery Technology Company Common Stock	632.3M	4.87	-4.77		-32.31%	-91.5%	0.11
LZMLifezone Metals Limited	475.89M	5.68	-9.63	-90.49%	-276.31%	-387.04%	0.28
NBNioCorp Developments Ltd.	759.13M	6.36	-17.67			-38.32%	0.00
TMCTMC the metals company Inc.	3.05B	7.38	-29.52
IPXIperionX Limited	1.57B	46.73	-38.94			-38.25%	0.04
MPMP Materials Corp.	11.82B	66.70	-117.02	-19.57%	-50.55%	-4.95%	0.87

Profit & Loss

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	1.06M	2.09M	2.93M	1.48M	140.52K
Revenue Growth %	-	0.97%	0.4%	-0.5%	-0.9%
Cost of Goods Sold+	0	442.82K	1.46M	753.97K	86.87K
COGS % of Revenue	-	0.21%	0.5%	0.51%	0.62%
Gross Profit+	1.06M	1.65M	1.46M	723.85K	53.65K
Gross Margin %	1%	0.79%	0.5%	0.49%	0.38%
Gross Profit Growth %	-	0.55%	-0.11%	-0.51%	-0.93%
Operating Expenses+	1.06M	19.68M	27.15M	365.9M	48.33M
OpEx % of Revenue	1%	9.4%	9.27%	247.59%	343.92%
Selling, General & Admin	961.46K	19.38M	24.87M	283.56M	32.3M
SG&A % of Revenue	0.9%	9.26%	8.5%	191.88%	229.83%
Research & Development	0	0	0	90.98K	157.61K
R&D % of Revenue	-	-	-	0.06%	1.12%
Other Operating Expenses	101.56K	297.53K	2.28M	82.25M	15.87M
Operating Income+	-495	-18.03M	-25.69M	-365.17M	-48.27M
Operating Margin %	-0%	-8.62%	-8.77%	-247.1%	-343.54%
Operating Income Growth %	-	-36421.27%	-0.42%	-13.22%	0.87%
EBITDA+	51.37K	-17.94M	-25.49M	-364.57M	-47.13M
EBITDA Margin %	0.05%	-8.57%	-8.71%	-246.69%	-335.42%
EBITDA Growth %	-	-350.27%	-0.42%	-13.3%	0.87%
D&A (Non-Cash Add-back)	51.86K	88.17K	200.69K	603.7K	1.14M
EBIT	5.96K	-17.96M	-25.36M	-288.5M	-39.03M
Net Interest Income+	5.49K	4.16K	-41.97K	355.21K	-4.09M
Interest Income	9.4K	4.16K	224.39K	567.19K	2.34M
Interest Expense	3.91K	0	266.35K	211.98K	6.43M
Other Income/Expense	9.4K	-149.86K	193.54K	511.26K	1.68M
Pretax Income+	8.91K	-18.18M	-25.49M	-364.66M	-46.6M
Pretax Margin %	0.01%	-8.69%	-8.71%	-246.76%	-331.59%
Income Tax+	0	0	0	0	540.13K
Effective Tax Rate %	1%	0.99%	0.93%	1%	0.99%
Net Income+	8.91K	-18M	-23.58M	-363.87M	-46.31M
Net Margin %	0.01%	-8.6%	-8.06%	-246.22%	-329.52%
Net Income Growth %	-	-2022.41%	-0.31%	-14.43%	0.87%
Net Income (Continuing)	8.91K	-18.18M	-25.49M	-364.66M	-47.14M
Discontinued Operations	0	0	0	0	0
Minority Interest	0	-176.24K	84.45M	83.66M	9.79M
EPS (Diluted)+	0.00	-0.32	-0.66	-5.52	-0.59
EPS Growth %	-	-	-1.06%	-7.36%	0.89%
EPS (Basic)	0.00	-0.32	-0.66	-5.52	-0.59
Diluted Shares Outstanding	35.84M	35.84M	35.84M	65.89M	78.28M
Basic Shares Outstanding	35.84M	35.84M	35.84M	65.89M	78.28M
Dividend Payout Ratio	-	-	-	-	-

Balance Sheet

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	1.23M	47.56M	76.59M	54.82M	31.66M
Cash & Short-Term Investments	600.09K	45.62M	20.54M	49.39M	29.28M
Cash Only	600.09K	45.62M	20.54M	49.39M	29.28M
Short-Term Investments	0	0	0	0	0
Accounts Receivable	367.08K	1.07M	6.01M	2.72M	932.59K
Days Sales Outstanding	126.1	187.24	748.74	671.44	2.42K
Inventory	0	0	49.74K	100.78K	162K
Days Inventory Outstanding	-	-	12.39	48.79	680.67
Other Current Assets	263.44K	0	48.6M	0	0
Total Non-Current Assets+	533.82K	581.42K	20.39M	87.44M	124.99M
Property, Plant & Equipment	0	13.75M	19.69M	77.5M	6.53M
Fixed Asset Turnover	-	0.15x	0.15x	0.02x	0.02x
Goodwill	0	0	0	9.02M	0
Intangible Assets	533.82K	581.42K	694.96K	914.2K	889.82K
Long-Term Investments	0	281.52M	285.65M	0	0
Other Non-Current Assets	0	288.67K	-285.65M	0	117.58M
Total Assets+	1.76M	61.89M	96.98M	142.26M	156.65M
Asset Turnover	0.60x	0.03x	0.03x	0.01x	0.00x
Asset Growth %	-	34.08%	0.57%	0.47%	0.1%
Total Current Liabilities+	240.1K	2.35M	16.71M	12.76M	56M
Accounts Payable	240.1K	722.2K	645.68K	2.53M	3M
Days Payables Outstanding	-	595.29	160.91	1.22K	12.6K
Short-Term Debt	0	0	300K	602.56K	26.24M
Deferred Revenue (Current)	0	0	0	0	0
Other Current Liabilities	0	0	2.2M	3.94M	24.2M
Current Ratio	5.13x	20.27x	4.58x	4.30x	0.57x
Quick Ratio	5.13x	20.27x	4.58x	4.29x	0.56x
Cash Conversion Cycle	-	-	600.23	-504.43	-9.5K
Total Non-Current Liabilities+	0	9.66M	4.28M	1.19M	1.33M
Long-Term Debt	0	0	0	0	0
Capital Lease Obligations	0	0	290.58K	1.19M	801.05K
Deferred Tax Liabilities	0	0	0	0	529.02K
Other Non-Current Liabilities	0	5.68M	3.99M	0	0
Total Liabilities	240.1K	8.03M	20.99M	13.95M	57.33M
Total Debt+	0	0	695.88K	1.79M	27.65M
Net Debt	-600.09K	-45.62M	-19.84M	-47.6M	-1.63M
Debt / Equity	-	-	0.01x	0.01x	0.28x
Debt / EBITDA	-	-	-	-	-
Net Debt / EBITDA	-11.68x	-	-	-	-
Interest Coverage	-0.13x	-	-96.44x	-1722.69x	-7.50x
Total Equity+	1.52M	53.86M	75.99M	128.31M	99.33M
Equity Growth %	-	34.34%	0.41%	0.69%	-0.23%
Book Value per Share	0.04	1.50	2.12	1.95	1.27
Total Shareholders' Equity	1.52M	54.04M	-8.47M	44.65M	89.54M
Common Stock	1.73K	1.84K	3.1K	7.83K	7.91K
Retained Earnings	-764.03K	-20.71M	-44.29M	-408.17M	-454.47M
Treasury Stock	0	0	0	0	0
Accumulated OCI	280.81K	49.31M	-15.38M	274.12M	67.72M
Minority Interest	0	-176.24K	84.45M	83.66M	9.79M

Cash Flow

	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-260.64K	-1.22M	-17.04M	-26.98M	-15.89M
Operating CF Margin %	-0.25%	-0.58%	-5.82%	-18.26%	-113.09%
Operating CF Growth %	-	-3.69%	-12.93%	-0.58%	0.41%
Net Income	8.91K	-475.41K	-25.38M	-363.87M	-47.14M
Depreciation & Amortization	51.86K	0	318.13K	1.04M	1.57M
Stock-Based Compensation	0	0	0	265.56M	17.82M
Deferred Taxes	0	0	0	0	-829.2K
Other Non-Cash Items	-2.95K	-4.16K	133.95K	79.96M	13.21M
Working Capital Changes	-318.46K	-743.04K	7.89M	-9.66M	-523.41K
Change in Receivables	-165.22K	0	-2.6M	-1.97M	1.57M
Change in Inventory	0	0	-49.74K	-51.04K	-61.22K
Change in Payables	0	0	12.24M	-6.56M	-2.03M
Cash from Investing+	230.32K	-281.52M	-7.96M	-59.95M	-52.66M
Capital Expenditures	-148.59K	0	-6.17M	-52.05M	-49.95M
CapEx % of Revenue	0.14%	-	2.11%	35.22%	355.47%
Acquisitions	-	-	-	-	-
Investments	-	-	-	-	-
Other Investing	378.91K	0	214.25K	177.96K	1.29M
Cash from Financing+	0	283.22M	-80.93K	115.74M	48.42M
Debt Issued (Net)	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-
Dividends Paid	0	0	0	0	0
Share Repurchases	-	-	-	-	-
Other Financing	0	0	0	120.78M	-296.11K
Net Change in Cash	-	-	-	-	-
Free Cash Flow+	-409.23K	-1.22M	-23.21M	-78.85M	-66.89M
FCF Margin %	-0.39%	-0.58%	-7.93%	-53.36%	-476.04%
FCF Growth %	-	-1.99%	-17.98%	-2.4%	0.15%
FCF per Share	-0.01	-0.03	-0.65	-1.20	-0.85
FCF Conversion (FCF/Net Income)	-29.27x	0.07x	0.72x	0.07x	0.34x
Interest Paid	0	0	0	0	0
Taxes Paid	0	0	0	0	0

Key Ratios

Metric	2020	2021	2022	2023	2024
Return on Equity (ROE)	0.58%	-65.01%	-36.32%	-356.22%	-40.68%
Return on Invested Capital (ROIC)	-	-295.11%	-59.84%	-400.24%	-40.59%
Gross Margin	100%	78.84%	49.97%	48.98%	38.18%
Net Margin	0.84%	-860.31%	-805.59%	-24622.29%	-32952.31%
Debt / Equity	-	-	0.01x	0.01x	0.28x
Interest Coverage	-0.13x	-	-96.44x	-1722.69x	-7.50x
FCF Conversion	-29.27x	0.07x	0.72x	0.07x	0.34x
Revenue Growth	-	96.94%	39.9%	-49.52%	-90.49%

Revenue by Geography

	2024
AUSTRALIA	140.52K
AUSTRALIA Growth	-

Frequently Asked Questions

Growth & Financials

Lifezone Metals Limited (LZM) reported $1.4M in revenue for fiscal year 2024. This represents a 35% increase from $1.1M in 2020.

Lifezone Metals Limited (LZM) saw revenue decline by 90.5% over the past year.

Lifezone Metals Limited (LZM) reported a net loss of $397.1M for fiscal year 2024.

Dividend & Returns

Lifezone Metals Limited (LZM) has a return on equity (ROE) of -40.7%. Negative ROE indicates the company is unprofitable.

Lifezone Metals Limited (LZM) had negative free cash flow of $111.0M in fiscal year 2024, likely due to heavy capital investments.

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