Latest Ratios: P/E Ratio -27.5x · EV/EBITDA N/A · ROE -53.0%. (2012–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $1.4B | $1.5B | $1.2B | $3.4B | $2.9B | $901M | $170M | $89M | $70M | — | — |
| Enterprise Value | $1.5B | $1.6B | $1.4B | $3.5B | $2.8B | $786M | $161M | $93M | $71M | — | — |
| P/E Ratio → | -27.49 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 12.53 | 13.35 | 5.98 | 18.79 | — | — | — | — | — | — | — |
| P/B Ratio | 24.31 | 25.93 | 9.40 | 15.89 | 15.57 | 6.22 | 7.80 | 10.15 | 6.16 | — | — |
| P/FCF | — | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 563.62 | 600.47 | — | — | — | — | — | 216.46 | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 14.59 | 6.88 | 19.41 | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | 112.39 | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.7% | 16.7% | 21.2% | 49.1% | — | — | — | — | — | — | — |
| Operating Margin | -11.1% | -11.1% | -3.0% | -11.9% | — | — | — | — | — | — | — |
| Net Profit Margin | -45.6% | -45.6% | -33.5% | -21.1% | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -53.0% | -53.0% | -40.3% | -19.2% | -57.2% | -32.1% | -8.0% | -56.4% | -122.9% | — | -825.9% |
| ROA | -13.1% | -13.1% | -14.6% | -9.6% | -40.6% | -28.7% | -4.5% | -28.4% | -126.7% | -4.6% | -406.6% |
| ROIC | -3.5% | -3.5% | -1.4% | -6.6% | -72.0% | -88.9% | -7.2% | -23.4% | — | — | — |
| ROCE | -6.0% | -6.0% | -1.8% | -6.8% | -44.9% | -28.6% | -6.1% | -27.2% | -586.0% | — | -827.6% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 2.53 | 2.53 | 1.91 | 0.82 | 0.44 | 0.04 | 0.24 | 0.53 | 0.44 | — | — |
| Debt / EBITDA | — | — | 19.89 | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 2.42 | 1.42 | 0.52 | -0.08 | -0.80 | -0.39 | 0.51 | 0.08 | — | — |
| Net Debt / EBITDA | — | — | 14.73 | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — | — | — | — |
| Interest Coverage | -0.52 | -0.52 | -0.29 | -0.72 | -369.00 | -68.03 | -2.77 | -6.64 | -11.04 | — | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.25 | 0.25 | 0.85 | 1.17 | 3.06 | 33.39 | 2.03 | 0.09 | 0.84 | 0.02 | 0.73 |
| Quick Ratio | 0.14 | 0.14 | 0.70 | 1.01 | 3.06 | 33.39 | 2.03 | 0.09 | 0.80 | 0.02 | 0.73 |
| Cash Ratio | 0.03 | 0.03 | 0.42 | 0.53 | 2.57 | 33.22 | 1.95 | 0.02 | 0.77 | 0.02 | 0.73 |
| Asset Turnover | — | 0.37 | 0.44 | 0.37 | — | — | — | — | — | — | — |
| Inventory Turnover | 4.43 | 4.43 | 7.08 | 4.75 | — | — | — | — | 0.12 | — | — |
| Days Sales Outstanding | — | 23.48 | 45.15 | 59.80 | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $111M | $111M | $108M | $101M | $87M | $72M | $68M | $45M | $669675 | $320990 |
Liquidity and solvency pressure
According to current market data, SGML trades at a P/S ratio of 11.86, which appears to price in significant future production growth rather than current earnings, as evidenced by the negative TTM P/E of -26.02 and the absence of meaningful free cash flow generation.
The forward P/E of 10.46 suggests that the market is banking on a rapid turnaround in profitability, likely tied to the successful commissioning of Phase 2 and 3 expansions. However, given the volatility in lithium pricing, this valuation multiple may be overly optimistic, as it assumes a stable margin environment that the company has yet to demonstrate historically.
Based on reported figures, SGML's ROIC has fluctuated between -5.2% and 7.5% over the last ten quarters, indicating that the company is currently struggling to generate consistent returns on its invested capital while it remains in a capital-intensive phase of its operational lifecycle.
The erratic nature of these returns suggests that the company's ability to compound capital is currently hostage to commodity price cycles rather than internal operational efficiency. Investors should monitor whether the ROIC can stabilize in positive territory as the Greentech plant reaches steady-state production levels.
As reported in recent financial statements, the company's cash conversion cycle has shown extreme volatility, swinging from -665 days to 136 days, which highlights significant challenges in managing inventory and collection cycles during the ongoing transition from development to full-scale commercial production.
The high DIO and DPO figures suggest that the company is currently carrying substantial inventory while attempting to manage supplier payment terms, which may be a defensive measure to preserve cash. This lack of efficiency in working capital management appears to be a primary contributor to the company's current liquidity constraints.
According to the latest quarterly data, the debt-to-equity ratio has climbed to 2.53x, a trend that warrants investigation as the company's interest coverage ratio has frequently dipped into negative territory, signaling a precarious ability to service existing obligations without further capital injections.
The rising leverage profile, combined with a limited cash position, suggests that the company may face significant refinancing risks if market conditions do not improve. The reliance on debt to fund expansion in a high-rate environment appears to be a major headwind for the company's long-term solvency.
The P/B ratio of 23.02 is frequently misapplied to SGML, as it obscures the fact that book value in a mining context is heavily influenced by capitalized development costs and stripping expenses rather than the true economic value of the underlying mineral reserves.
Investors should instead focus on the Net Asset Value (NAV) of the proven and probable reserves, adjusted for current lithium price realizations. Relying on P/B in this instance may lead to a significant overestimation of the company's asset backing, especially given the current negative operating margins.
Includes 30+ ratios · 14 years · Updated daily
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Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying SGML stock.
Sigma Lithium Corporation's current P/E ratio is -27.5x. This places it at the 50th percentile of its historical range.
Sigma Lithium Corporation's return on equity (ROE) is -53.0%. The historical average is -63.9%.
Based on historical data, Sigma Lithium Corporation is trading at a P/E of -27.5x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Sigma Lithium Corporation has 16.7% gross margin and -11.1% operating margin.