Overview Dividends

(SDST) Stardust Power - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8549361017

Lithium, Battery, Refinery, Carbonate

Description: SDST Stardust Power October 19, 2025

Stardust Power Inc. (NASDAQ: SDST) is a U.S.-based developer of battery-grade lithium products, focused on building a lithium carbonate refinery in Muskogee, Oklahoma. The company, founded in 2022 and headquartered in Greenwich, Connecticut, aims to supply the rapidly expanding electric-vehicle (EV) and energy-storage markets with domestically sourced lithium.

Key industry context: U.S. lithium demand is projected to grow at a CAGR of ~15% through 2030, driven by the Inflation Reduction Act’s clean-energy incentives and automakers’ commitments to electrify fleets. Early-stage projects like Stardust’s typically target a production capacity of 30,000–40,000 metric tons per year, which would represent roughly 5% of projected U.S. lithium carbonate supply by 2027. The company’s capital structure includes a $30 million private placement completed in 2023, a common financing benchmark for early-stage lithium refiners.

For a deeper dive into SDST’s financials, project milestones, and peer benchmarking, you may find ValueRay’s analytics platform useful.

SDST Stock Overview

Market Cap in USD 39m
Sub-Industry Electrical Components & Equipment
IPO / Inception 2024-07-08

SDST Stock Ratings

Growth Rating -78.6%
Fundamental 53.8%
Dividend Rating -
Return 12m vs S&P 500 -95.2%
Analyst Rating 4.40 of 5

SDST Dividends

Currently no dividends paid

SDST Growth Ratios

Growth Correlation 3m 37.6%
Growth Correlation 12m -86.4%
Growth Correlation 5y -20.5%
CAGR 5y -65.75%
CAGR/Max DD 3y (Calmar Ratio) -0.66
CAGR/Mean DD 3y (Pain Ratio) -1.72
Sharpe Ratio 12m -1.42
Alpha -101.17
Beta 0.187
Volatility 126.60%
Current Volume 226.4k
Average Volume 20d 250.3k
Stop Loss 3.8 (-8.4%)
Signal -1.21

Piotroski VR‑10 (Strict, 0-10) 0.0

error: Net Income check cannot be calculated (needs Net Income TTM and Revenue TTM)
FCFTA -1.57 (>2.0%) and ΔFCFTA -113.8pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
error: NWC/Revenue cannot be calculated (needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -1.20 (>3.0%) and CFO -13.5m > Net Income -27.2m (YES >=105%, WARN >=100%)
NO Net Debt/EBITDA fails (EBITDA <= 0)
Current Ratio 0.25 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (6.32m) change vs 12m ago 35.22% (target <= -2.0% for YES)
error: Gross Margin (current vs previous) cannot be calculated (needs Total Revenue and Cost Of Revenue)
Asset Turnover 0.0% (prev 0.0%; Δ 0.0pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio -2.39 (EBITDA TTM -19.2m / Interest Expense TTM 8.01m) >= 6 (WARN >= 3)

Altman Z'' -47.48

(A) -0.99 = (Total Current Assets 3.69m - Total Current Liabilities 14.9m) / Total Assets 11.3m
(B) -5.32 = Retained Earnings (Balance) -60.1m / Total Assets 11.3m
warn (B) unusual magnitude: -5.32 — check mapping/units
(C) -2.90 = EBIT TTM -19.2m / Avg Total Assets 6.62m
(D) -3.96 = Book Value of Equity -60.1m / Total Liabilities 15.2m
Total Rating: -47.48 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 53.77

1. Piotroski 0.0pt = -5.0
2. FCF Yield -38.48% = -5.0
3. FCF Margin data missing
4. Debt/Equity -2.57 = -2.50
5. Debt/Ebitda 0.14 = 2.49
6. ROIC - WACC (= 180.0)% = 12.50
7. RoE 220.0% = 2.50
8. Revenue Trend data missing
9. EPS Trend -24.23% = -1.21

What is the price of SDST shares?

As of November 08, 2025, the stock is trading at USD 4.15 with a total of 226,384 shares traded.
Over the past week, the price has changed by -5.68%, over one month by +4.01%, over three months by +3.49% and over the past year by -94.53%.

Is Stardust Power a good stock to buy?

Neither. Based on ValueRay´s Fundamental Analyses, Stardust Power is currently (November 2025) neither a good nor a bad stock to buy. It has a ValueRay Fundamental Rating of 53.77 and therefor a neutral outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of SDST is around 3.57 USD . This means that SDST is currently overvalued and has a potential downside of -13.98%.

Is SDST a buy, sell or hold?

Stardust Power has received a consensus analysts rating of 4.40. Therefore, it is recommended to buy SDST.
  • Strong Buy: 3
  • Buy: 1
  • Hold: 1
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the SDST price?

Issuer Target Up/Down from current
Wallstreet Target Price 30.3 628.9%
Analysts Target Price 30.3 628.9%
ValueRay Target Price 3.9 -6.5%

SDST Fundamental Data Overview November 01, 2025

Market Cap USD = 39.3m (39.3m USD * 1.0 USD.USD)
Beta = 0.187
Revenue TTM = 0.0 USD
EBIT TTM = -19.2m USD
EBITDA TTM = -19.2m USD
Long Term Debt = unknown (none)
Short Term Debt = 10.0m USD (from shortTermDebt, last fiscal year)
Debt = 10.0m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -2.61m USD (from netDebt column, last quarter)
Enterprise Value = 46.2m USD (39.3m + Debt 10.0m - CCE 3.18m)
Interest Coverage Ratio = -2.39 (Ebit TTM -19.2m / Interest Expense TTM 8.01m)
FCF Yield = -38.48% (FCF TTM -17.8m / Enterprise Value 46.2m)
FCF Margin = unknown (Revenue TTM is 0 or missing)
Net Margin = unknown
Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 3359 ) / Revenue TTM)
Tobins Q-Ratio = 4.08 (Enterprise Value 46.2m / Total Assets 11.3m)
Interest Expense / Debt = 0.79% (Interest Expense 78.8k / Debt 10.0m)
Taxrate = 21.0% (US default 21%)
NOPAT = -15.2m (EBIT -19.2m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 0.25 (Total Current Assets 3.69m / Total Current Liabilities 14.9m)
Debt / Equity = -2.57 (negative equity) (Debt 10.0m / totalStockholderEquity, last quarter -3.89m)
Debt / EBITDA = 0.14 (negative EBITDA) (Net Debt -2.61m / EBITDA -19.2m)
Debt / FCF = 0.15 (negative FCF - burning cash) (Net Debt -2.61m / FCF TTM -17.8m)
Total Stockholder Equity = -12.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -240.4% (out of range, set to none)
RoE = 220.0% (negative equity) (Net Income TTM -27.2m / Total Stockholder Equity -12.4m)
RoCE = 532.6% (negative capital employed) (EBIT -19.2m / Capital Employed (Total Assets 11.3m - Current Liab 14.9m))
RoIC = 185.4% (negative operating profit) (NOPAT -15.2m / Invested Capital -8.17m)
WACC = 5.47% (E(39.3m)/V(49.3m) * Re(6.70%) + D(10.0m)/V(49.3m) * Rd(0.79%) * (1-Tc(0.21)))
Discount Rate = 6.70% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 20.40%
Fair Price DCF = unknown (Cash Flow -17.8m)
EPS Correlation: -24.23 | EPS CAGR: -1.50% | SUE: N/A | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: 0.0% | SUE: N/A | # QB: 0

Additional Sources for SDST Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle