LZMLifezone Metals Limited

$3.33-42% 1Y

Is the business good?

How good a business is LZM?

Lifezone Metals Limited earns −27% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.

−27%

Return on invested capital · cost of capital 9.0% · 36 points below what the capital costs: growth destroys value

Operating margin
−1742%

Operating margin · Other Industrial Metals & Mining median 8.9% · fiscal year to FY2025

Share count, year on year
+1.5%

Share count, year on year · shareholders own a smaller slice than a year ago

Gross margin
50%

Gross margin

Operating margin by fiscal year
YearOperating margin
FY2021−862%
FY2022−877%
FY2023−24710%
FY2024−2061%
FY2025−1742%
Details›
Gross marginfiscal year to FY2025
50%
Operating marginfiscal year to FY2025
−1742%
Net marginfiscal year to FY2025
−1289%
Revenue, trailing twelve months
$1.1M
Net income, trailing twelve months
−$14M
Return on invested capitaloperating profit after tax ÷ debt + equity − cash
−27%

Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.