(SLI) Standard Lithium - Overview

Sector: Basic Materials | Industry: Other Industrial Metals & Mining | Exchange: NYSE MKT (USA) | Market Cap: 906m USD | Total Return: 106.7% in 12m

Lithium Carbonate, Lithium Hydroxide, Brine Processing
Total Rating 31
Safety 41
Buy Signal -0.77
Other Industrial Metals & Mining
Industry Rotation: -9.1
Market Cap: 906M
Avg Turnover: 6.46M
Risk 3d forecast
Volatility65.2%
VaR 5th Pctl11.0%
VaR vs Median2.74%
Reward TTM
Sharpe Ratio1.40
Rel. Str. IBD68.2
Rel. Str. Peer Group45
Character TTM
Beta1.439
Beta Downside1.321
Hurst Exponent0.554
Drawdowns 3y
Max DD78.17%
CAGR/Max DD-0.01
CAGR/Mean DD-0.01
EPS (Earnings per Share) EPS (Earnings per Share) of SLI over the last years for every Quarter: "2021-03": -0.07, "2021-06": -0.0409, "2021-09": -0.05, "2021-12": -0.06, "2022-03": -0.08, "2022-06": -0.04, "2022-09": -0.0072, "2022-12": -0.0298, "2023-03": -0.0297, "2023-06": -0.1189, "2023-09": -0.114, "2023-12": -0.0446, "2024-03": -0.0431, "2024-06": 0.7016, "2024-09": -0.0238, "2024-12": -0.13, "2025-03": -0.01, "2025-06": -0.03, "2025-09": -0.03, "2025-12": -0.15, "2026-03": -0.0137,
Last SUE: 0.05
Qual. Beats: 0
Revenue Revenue of SLI over the last years for every Quarter: 2021-03: 0, 2021-06: 0, 2021-09: 0, 2021-12: 0, 2022-03: 0, 2022-06: 0, 2022-09: 0, 2022-12: 0, 2023-03: 0, 2023-06: 0, 2023-09: 0, 2023-12: 0, 2024-03: 0, 2024-06: 0, 2024-09: 0, 2024-12: null, 2025-03: 0, 2025-06: 0, 2025-09: 0, 2025-12: 0, 2026-03: 0,
Qual. Beats: 0

Warnings

Share dilution 25.5% YoY

Interest Coverage Ratio -1976.1 is critical

Below Avwap Earnings

Tailwinds

No distinct edge detected

Description: SLI Standard Lithium

Standard Lithium Ltd. is a Vancouver-based mining company focused on the development of lithium brine assets in the United States, primarily within the Smackover Formation in southern Arkansas. Its core operations center on the South West Arkansas and Lanxess Property projects, utilizing Direct Lithium Extraction (DLE) technology to recover lithium from geothermal brines. Unlike traditional hard-rock mining, brine-based extraction often aims for a lower environmental footprint and faster production cycles.

The company transitioned from oil and gas exploration to the lithium sector in 2016 to capitalize on the rising demand for battery-grade lithium chemicals used in electric vehicle supply chains. Investors looking for detailed valuation metrics and peer comparisons should consult ValueRay to further their due diligence. As global demand for energy storage increases, projects in stable jurisdictions like the United States are becoming strategic priorities for domestic mineral security.

Headlines to Watch Out For
  • Direct lithium extraction technology validation at Lanxess project site
  • Strategic partnership with Equinor accelerates South West Arkansas development
  • Global lithium carbonate spot price volatility impacts project net present value
  • Federal tax credits under Inflation Reduction Act support domestic production
  • Permitting timelines and environmental regulatory hurdles in southern Arkansas brine region
Piotroski VR-10 (Strict) 0.0
Net Income: error (cannot be calculated; needs Net Income TTM and Revenue TTM)
FCF/TA: -0.04 > 0.02 and ΔFCF/TA 20.14 > 1.0
NWC/Revenue: error (cannot be calculated; needs Current Assets/Liabilities and Revenue current+prev)
CFO/TA -0.04 > 3% & CFO -13.9m > Net Income -49.6m
Net Debt/EBITDA: error (EBITDA <= 0)
Current Ratio: 20.17 > 1.5 & < 3
Outstanding Shares: last quarter (241.7m) vs 12m ago 25.51% < -2%
Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin)
Asset Turnover: 0.0% > 50% (prev 0.0%; Δ 0.0% > 0%)
Interest Coverage Ratio: -1.98k > 6 (EBITDA TTM -52.6m / Interest Expense TTM 27.0k)
Altman Z'' 10.00
A: 0.36 (Total Current Assets 147.2m - Total Current Liabilities 7.30m) / Total Assets 392.3m
B: -0.23 (Retained Earnings -89.3m / Total Assets 392.3m)
C: -0.16 (EBIT TTM -53.4m / Avg Total Assets 329.0m)
D: 12.75 (Book Value of Equity 363.7m / Total Liabilities 28.5m)
Altman-Z'' = 13.89 = AAA
What is the price of SLI shares?

As of May 26, 2026, the stock is trading at USD 3.72 with a total of 1,679,400 shares traded.
Over the past week, the price has changed by -3.38%, over one month by -5.34%, over three months by -21.19% and over the past year by +106.67%.

Is SLI a buy, sell or hold?

Standard Lithium has received a consensus analysts rating of 4.33. Therefore, it is recommended to buy SLI.

  • StrongBuy: 1
  • Buy: 2
  • Hold: 0
  • Sell: 0
  • StrongSell: 0

What are the forecasts/targets for the SLI price?
Analysts Target Price 5.3 42.2%
Standard Lithium (SLI) - Fundamental Data Overview as of 25 May 2026
Market Cap USD = 906.4m (906.4m USD * 1.0 USD.USD)
P/B = 2.5003
Revenue TTM = 0.0 USD
EBIT TTM = -53.4m USD
EBITDA TTM = -52.6m USD
Long Term Debt = 39.1k USD (estimated: total debt 213k - short term 174k)
Short Term Debt = 174k USD (from shortTermDebt, last quarter)
Debt = 213k USD (from shortLongTermDebtTotal, last quarter) (leases 212k already included)
Net Debt = -142.4m USD (calculated: Debt 213k - CCE 142.6m)
Enterprise Value = 764.0m USD (906.4m + Debt 213k - CCE 142.6m)
Interest Coverage Ratio = -1.98k (Ebit TTM -53.4m / Interest Expense TTM 27.0k)
EV/FCF = -54.75x (Enterprise Value 764.0m / FCF TTM -14.0m)
FCF Yield = -1.83% (FCF TTM -14.0m / Enterprise Value 764.0m)
 FCF Margin = unknown (Revenue TTM is 0 or missing)
 Net Margin = unknown
 Gross Margin = unknown ((Revenue TTM 0.0 - Cost of Revenue TTM 3.35m) / Revenue TTM)
 Tobins Q-Ratio = 1.95 (Enterprise Value 764.0m / Total Assets 392.3m)
Interest Expense / Debt = 12.69% (Interest Expense 27.0k / Debt 213k)
Taxrate = 21.0% (US default 21%)
NOPAT = -42.2m (EBIT -53.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 20.17 (Total Current Assets 147.2m / Total Current Liabilities 7.30m)
Debt / Equity = 0.00 (Debt 213k / totalStockholderEquity, last quarter 363.7m)
 Debt / EBITDA = 2.71 (negative EBITDA) (Net Debt -142.4m / EBITDA -52.6m)
 Debt / FCF = 10.21 (negative FCF - burning cash) (Net Debt -142.4m / FCF TTM -14.0m)
 Total Stockholder Equity = 303.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -15.07% (Net Income -49.6m / Total Assets 392.3m)
RoE = -12.62% (Net Income TTM -49.6m / Total Stockholder Equity 392.9m)
RoCE = -13.58% (EBIT -53.4m / Capital Employed (Equity 392.9m + L.T.Debt 39.1k))
 RoIC = -17.38% (negative operating profit) (NOPAT -42.2m / Invested Capital 242.5m)
 WACC = 11.05% (E(906.4m)/V(906.6m) * Re(11.05%) + D(213k)/V(906.6m) * Rd(12.69%) * (1-Tc(0.21)))
Discount Rate = 11.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 91.11 | Cagr: 16.09%
 [DCF] Fair Price = unknown (Cash Flow -14.0m)
 EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.05 | # QB: 0
Revenue Correlation: N/A | Revenue CAGR: N/A | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.03 | Chg30d=N/A | Revisions=+20% | Analysts=1
EPS current Year (2026-12-31): EPS=-0.11 | Chg30d=+12.70% | Revisions=+20% | GrowthEPS=+30.7% | GrowthRev=+0.0%