Livent Corporation Intrinsic Value – LIVENT CORPORATION Reports FY2023 Q2 Earnings Results for June 30 2023
August 10, 2023
🌥️Earnings Overview
On August 3rd 2023, LIVENT CORPORATION ($NYSE:LTHM) released its earnings results for Q2 of the FY2023, which ended on June 30th 2023. The total revenue for the quarter was USD 235.8 million, a 7.8% growth from the same period last year. Net income was USD 90.2 million, a 50.3% year-over-year increase.
Price History
On Thursday, LIVENT CORPORATION reported their financial results for the second quarter of FY2023 ended June 30th 2023. The stock opened at $23.9 and closed at $22.9, representing a decrease of 2.5% from its closing price of $23.5 on the previous trading day. The company attributed this decline to reduced expenditures due to the pandemic and an overall decrease in consumer demand for their products.
Despite this, the company was pleased overall with their results for the quarter, noting that they had managed to maintain profitability and were confident that the third quarter would show a positive trend. They also announced that they would be launching a new product line in the coming months to increase their market share and help drive revenue growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Livent Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 940.3 | 365.3 | 41.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Livent Corporation. More…
| Operations | Investing | Financing |
| 575.1 | -420.8 | -34.3 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Livent Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.28k | 630.8 | 8.69 |
Key Ratios Snapshot
Some of the financial key ratios for Livent Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 44.8% | 172.3% | 49.0% |
| FCF Margin | ROE | ROA |
| 39.9% | 18.4% | 12.6% |
Analysis – Livent Corporation Intrinsic Value
GoodWhale is providing an analysis of the fundamentals of LIVENT CORPORATION. After conducting a thorough assessment of the company, we have determined that the intrinsic value of the LIVENT CORPORATION share is around $37.4, as calculated by our proprietary Valuation Line. We can conclude that the current stock price of $22.9 represents a 38.8% undervaluation, presenting a potential opportunity for investors. More…
Peers
The lithium market is currently dominated by four major companies: Livent Corp, Albemarle Corp, Tianqi Lithium Industries Inc, and Ganfeng Lithium Co Ltd. These companies are in a constant state of competition with each other in order to maintain their respective market shares. The competition between these companies is fierce, and it is not likely to abate anytime soon.
– Albemarle Corp ($NYSE:ALB)
Albemarle Corporation is a publicly traded corporation headquartered in Charlotte, North Carolina that produces specialty chemicals. The company was founded in 1994 and has over 5,000 employees. Albemarle is a global leader in the production of lithium, bromine, and catalysts. The company has a market capitalization of over $31 billion and a return on equity of 2.69%. Albemarle is a publicly traded company on the New York Stock Exchange under the ticker symbol ALB.
– Tianqi Lithium Industries Inc ($SZSE:002466)
Tianqi Lithium Industries is a Chinese chemical company that produces lithium compounds. It is the world’s largest producer of lithium chemicals. The company has a market capitalization of $136.76 billion as of 2022 and a return on equity of 61.7%. Tianqi Lithium Industries produces a range of lithium compounds, including lithium carbonate, lithium hydroxide, and lithium chloride. The company is a major supplier of lithium to the electric vehicle industry.
– Ganfeng Lithium Co Ltd ($SZSE:002460)
Ganfeng Lithium Co Ltd is a leading producer of lithium. The company has a market capitalization of 144.54 billion as of 2022 and a return on equity of 28.99%. Ganfeng Lithium is a vertically integrated producer of lithium, with operations spanning mining, refining, and production of lithium chemicals. The company has a strong presence in the global lithium market, with a significant market share in China, the world’s largest lithium market.
Summary
Investors are encouraged by the strong financial performance of LIVENT CORPORATION for the second quarter of FY2023. Total revenue increased 7.8% year-over-year, while net income surged 50.3%. This impressive growth in earnings reinforces LIVENT CORPORATION’s position as a leader in its sector.
The company’s strong balance sheet and growing market share are positive signs for the future of the company. Analysts are optimistic that LIVENT CORPORATION will continue to perform well in the upcoming quarters and years, making it a good option for investors looking for long-term growth potential.
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