Livent (LTHM) stock price, revenue, and financials

Livent market cap is $1 b, and annual revenue was $388.40 m in FY 2019

$1 B

LTHM Mkt cap, 27-May-2020

$68.5 M

Livent Revenue Q1, 2020
Livent Gross profit (Q1, 2020)14.6 M
Livent Gross profit margin (Q1, 2020), %21.3%
Livent Net income (Q1, 2020)-1.9 M
Livent EBIT (Q1, 2020)-2.1 M
Livent Cash, 31-Mar-202011.4 M
Livent EV1.2 B

Livent Revenue

Livent revenue was $388.40 m in FY, 2019 which is a 12.2% year over year decrease from the previous period.

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Livent Revenue Breakdown

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Livent revenue breakdown by business segment: 5.7% from Lithium Carbonate and Lithium Chloride, 25.7% from Butyllithium, 55.0% from Lithium Hydroxide and 13.5% from High Purity Lithium Metal and Other Specialty Compounds

Livent revenue breakdown by geographic segment: 64.9% from Asia Pacific, 15.2% from Europe, Middle East, and Africa, 19.6% from North America and 0.3% from Other

Livent Income Statement

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Revenue

264.1m347.4m442.5m388.4m

Revenue growth, %

32%27%(12%)

Cost of goods sold

175.8m198.6m236.8m273.5m

Gross profit

88.3m148.8m205.7m114.9m

Gross profit Margin, %

33%43%46%30%

R&D expense

3.1m3.1m3.8m3.3m

General and administrative expense

12.0m13.4m21.1m40.5m

Operating expense total

29.3m47.3m52.5m56.3m

EBIT

59.0m101.5m153.2m58.6m

EBIT margin, %

22%29%35%15%

Interest expense

900.0k300.0k

Pre tax profit

54.5m70.1m153.1m57.8m

Income tax expense

7.4m27.9m27.0m7.6m

Net Income

47.1m42.2m126.1m50.2m

EPS

1.00.3

Quarterly

USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

112.0m98.3m114.0m97.7m68.5m

Cost of goods sold

62.5m65.6m80.2m69.4m53.9m

Gross profit

49.5m32.7m33.8m28.3m14.6m

Gross profit Margin, %

44%33%30%29%21%

R&D expense

900.0k800.0k800.0k900.0k

General and administrative expense

4.7m9.2m9.8m10.2m10.8m

Operating expense total

14.0m11.7m15.7m14.5m16.7m

EBIT

35.5m21.0m18.1m13.8m(2.1m)

EBIT margin, %

32%21%16%14%(3%)

Investment income

(100.0k)

Pre tax profit

35.9m21.0m18.1m13.8m(2.2m)

Income tax expense

5.9m4.1m2.6m(4.2m)(300.0k)

Net Income

30.0m16.9m15.5m18.0m(1.9m)

Livent Balance Sheet

Annual

USDFY, 2016FY, 2017FY, 2018FY, 2019

Cash

4.0m1.2m28.3m16.8m

Accounts Receivable

48.9m122.7m141.4m90.0m

Prepaid Expenses

18.5m32.6m59.8m51.8m

Inventories

54.9m49.6m71.8m113.4m

Current Assets

126.3m206.1m301.3m272.0m

PP&E

185.1m220.7m275.7m468.8m

Total Assets

372.1m496.2m660.0m859.6m

Accounts Payable

25.5m59.7m72.0m83.1m

Short-term debt

2.1m

Current Liabilities

39.1m86.0m120.4m122.5m

Long-term debt

34.0m170.0m

Total Debt

34.0m172.1m

Total Liabilities

61.4m110.8m172.1m315.6m

Common Stock

100.0k100.0k

Additional Paid-in Capital

511.1m516.4m

Retained Earnings

25.9m76.6m

Total Equity

310.7m385.4m487.9m544.0m

Debt to Equity Ratio

0.1 x0.3 x

Debt to Assets Ratio

0.1 x0.2 x

Financial Leverage

1.2 x1.3 x1.4 x1.6 x

Livent Cash Flow

Annual

USDFY, 2017FY, 2017FY, 2018FY, 2019

Net Income

47.1m42.2m126.1m50.2m

Depreciation and Amortization

14.8m15.9m17.8m20.9m

Accounts Receivable

(8.3m)(71.3m)(20.8m)51.4m

Inventories

(7.9m)6.9m(24.2m)(40.6m)

Accounts Payable

1.8m32.5m13.8m10.8m

Cash From Operating Activities

51.0m58.3m92.0m58.1m

Purchases of PP&E

(25.7m)(48.9m)(73.6m)(184.3m)

Cash From Investing Activities

(31.3m)(62.5m)(78.4m)(190.0m)

Short-term Borrowings

(10.7m)

Long-term Borrowings

(111.4m)

Cash From Financing Activities

(18.6m)1.5m13.0m120.5m

Net Change in Cash

1.1m(2.8m)27.1m(11.5m)

Interest Paid

800.0k300.0k4.3m

Income Taxes Paid

7.7m21.9m35.3m38.5m

Quarterly

USDQ2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

70.2m100.2m16.9m32.4m50.4m(1.9m)

Depreciation and Amortization

8.6m13.1m4.9m9.7m15.5m5.6m

Accounts Receivable

(28.1m)(23.0m)27.3m23.5m53.5m

Inventories

(3.3m)200.0k(11.3m)4.5m(3.6m)(8.9m)

Accounts Payable

(14.2m)(9.6m)(10.6m)(4.3m)(6.2m)(40.2m)

Cash From Operating Activities

18.0m62.5m(1.4m)41.3m64.9m(5.4m)

Purchases of PP&E

(23.4m)(43.4m)(24.3m)(69.3m)(120.5m)

Cash From Investing Activities

(26.8m)(47.0m)(25.3m)(74.2m)(125.4m)(56.3m)

Long-term Borrowings

(57.0m)(91.4m)(109.5m)

Dividends Paid

Cash From Financing Activities

9.1m(3.1m)15.9m25.0m55.9m56.5m

Net Change in Cash

300.0k13.5m(10.5m)(8.0m)(5.0m)(5.4m)

Interest Paid

600.0k1.6m2.6m

Income Taxes Paid

17.0m26.2m37.1m(300.0k)

Livent Ratios

USDY, 2020

EV/EBIT

-594 x

EV/CFO

-231 x

Financial Leverage

1.6 x

Livent Operating Metrics

FY, 2016FY, 2017FY, 2018FY, 2019

Lithium Hydroxide Production Capacity, metric tons

10 k18.50 k18.50 k25 k

Lithium Hydroxide Produced, metric tons

7.69 k13.06 k15.94 k21.35 k

Butyllithium Production Capacity, metric tons

3.27 k3.27 k3.27 k3.27 k

Butyllithium Produced, metric tons

2.18 k2.22 k2.39 k2.44 k

High Purity Lithium Metal Production Capacity, metric tons

250 250 250 250

High Purity Lithium Metal Produced, metric tons

152 101 140 167

Lithium Carbonate Production Capacity, metric tons

16 k16 k18 k18 k

Lithium Carbonate Produced, metric tons

12.56 k15.15 k17.24 k16.79 k

Lithium Chloride Production Capacity, metric tons

9 k9 k9 k9 k

Lithium Chloride Produced, metric tons

6.47 k4.50 k5.01 k4.28 k