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Lake Resources N.L. (LKE) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Lake Resources N.L. stock A$0.03, price A$0.03, that is 5.5% below the price, quality 25 out of 100. Rating: fairly valued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Basic Materials AU · ISIN AU000000LKE1

LR Lake Resources N.L. logo Thin data Nov 9, 2026

Lake Resources N.L.

LKE · AU
Fairly valued, weak quality

The stock costs about what our calculation considers fair.

Fair value A$0.0274 · Fairly valued
Revenue last quarter 54% below a year ago.
Quality 25/100
Weak Growth (revenue 3y −15.3 %/yr in AUD)
Negative free cash flow
Trails peers (2/7)
Narrow moat 12/100
Thin data
⟳ Cyclical⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

A$2.45 A$0.0260 Fair Value A$0.0274 Aug 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range A$0.0260 – A$2.45 · fair‑value band A$0.0249 – A$0.0299 · the A$0.0290 price screens above the A$0.0274 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

Lake Resources NL engages in the exploration and development of lithium brine and mineral properties primarily in Argentina, Australia, and the United States. Its flagship project is the Kachi lithium brine project located in the Catamarca province of Argentina.

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Lake Resources NL was incorporated in 1997 and is based in Sydney, Australia.

Stock analysis

Lake Resources N.L. (LKE) currently trades at A$0.0290, while our model-based Fair Value estimate is A$0.0274, so the stock looks roughly fairly valued today (gap 5.8%).

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the data coverage at low.

Scenario range: A$0.0249 (bear) to A$0.0299 (bull), the price of A$0.0290 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 25/100 (below-average quality), in the Basic Materials sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Lake Resources N.L. reported revenue of A$5.7M in FY2025 versus A$0 in FY2021. Reported net income was −A$23.5M in FY2026.

Key figures

Market cap A$82.1M (≈ $56.6M) Micro · P/S ratio 69.9 · EPS (TTM) A$−0.0100 · Return on equity −16.7% · Return on assets (EBIT) −10.5% (5-year average) · Operating margin −2,081% · Revenue growth (YoY) −54.3% · Free cash flow −A$17.6M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 81% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Basic Materials peers we cover trades at −8% fair-value upside, at −6%, LKE screens cheaper than that median.

Fair Value models

Bear A$0.0249 Fair Value A$0.0274 Bull A$0.0299
Price A$0.0290 · Downside -5.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
NCAV (Graham) A$0.0300 A$0.0400 A$0.0500 53
All 1 models by family
Asset-Based
NCAV (Graham) A$0.0300 A$0.0400 A$0.0500 53

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 25/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 0
How much profit the company makes from its sales and capital
Quality Growth 3
Are margins and returns getting better?
Cashflow 5
Do the profits arrive as real cash?
Financial strength 61
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 50
How calm the share price moves, does not count
Price momentum 11
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 0
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−74.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−15.3%
Revenue growth 24 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.6%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−453.5% (2001) → −378.7% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Industrial Metals & Mining · 372 stocks

Beats the industry median on 2/6 measures
Overall it trails its industry peers.
Valuation
Quality Score 25 · Bottom 25%
Fair Value upside −5.5% · Above median
Profitability
Return on assets −15.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −54.3% · Bottom 25%

Valuation Multiplesvs Other Industrial Metals & Mining median · lower = cheaper

P/B 0.60× · Cheapest 25%
P/S (12 months) 69.87× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)26 · sector 0
FUTURE (revenue growth)0 · sector 92
PAST (return on equity)0 · sector 0
HEALTH (low debt)0 · sector 95
DIVIDEND (yield)0 · sector 34

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Other Industrial Metals & Mining stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Vedanta Limited VEDL ₹261.75 ₹334.17 +28% vs LKE
Saudi Arabian Mining Company 1211 58.25 SAR 64.96 SAR +12% vs LKE
Hindustan Zinc Limited HINDZINC ₹568.10 ₹624.91 +10% vs LKE
Western Mining Co 601168 ¥27.56 ¥30.32 +10% vs LKE
Boliden AB BOL kr 503.40 kr 464.45 −8% vs LKE
BHP Group BHP A$59.20 A$47.85 −19% vs LKE
Zhejiang Huayou Cobalt Co 603799 ¥33.04 ¥25.57 −23% vs LKE
Korea Zinc Company 010130 960,000 KRW 649,125 KRW −32% vs LKE
CMOC Group 603993 ¥13.29 ¥6.82 −49% vs LKE
China Tungsten And Hightech Materials Co 000657 ¥38.65 ¥4.44 −89% vs LKE

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Lake Resources N.L.: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Lake Resources N.L. Fair Value". https://www.fairvalue-calculator.com/stock/LKE

Frequently asked questions

Is Lake Resources N.L. (LKE) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of A$0.0274 versus a price of A$0.0290, about 6% lower (fairly valued).
What is the fair value of LKE?
Our model-based fair value for Lake Resources N.L. is A$0.0274 (as of Nov 9, 2026), built from audited fundamentals. The current price: A$0.0290.
What is the quality score of LKE?
Lake Resources N.L. has a Quality Score of 25/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Lake Resources N.L. (LKE)?
Our model-based price target is the fair value of A$0.0274 (as of Nov 9, 2026) from 1 valuation models. Cautious scenario A$0.0249, optimistic scenario A$0.0299. It is a calculation from audited fundamentals, not an analyst target.
What is the Lake Resources N.L. stock forecast for 2026?
Our models put fair value at A$0.0274, about 6% lower versus a price of A$0.0290 (fairly valued). Cautious scenario A$0.0249, optimistic scenario A$0.0299. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Lake Resources N.L. (LKE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lake Resources N.L. it is A$0.0274 per share (as of Nov 9, 2026), against a price of A$0.0290. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Lake Resources N.L. stock overvalued or undervalued in 2026?
As of Nov 9, 2026, LKE trades above its calculated fair value: price A$0.0290, fair value A$0.0274, a gap of about −6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of LKE?
No. The price is what the market pays today (A$0.0290); the fair value is what the company's own numbers justify (A$0.0274). For Lake Resources N.L. the two are A$0.0016 per share apart. That gap is exactly why we show both numbers side by side.
How much is Lake Resources N.L. worth?
The market values Lake Resources N.L. at about A$82.1M (market capitalisation, as of Nov 9, 2026). Per share that is A$0.0290; our models calculate a fair value of A$0.0274 per share.
What do the bullish and bearish scenarios say about LKE?
Our models span a range for Lake Resources N.L.: cautious scenario A$0.0249, base A$0.0274, optimistic A$0.0299 per share (as of Nov 9, 2026, price A$0.0290). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lake Resources N.L. (LKE)?
Balance-sheet figures for Lake Resources N.L. (as of Nov 9, 2026): return on equity −16.7%. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is LKE from its 52-week high?
Lake Resources N.L. trades at A$0.0290, about 81% below its 52-week high of A$0.1550 and 7% above the low of A$0.0270 (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of A$0.0274 is for.
Which stocks are comparable to Lake Resources N.L.?
From the same area (Basic Materials) we also value BHP Group, Saudi Arabian Mining Company, CMOC Group, Hindustan Zinc Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Lake Resources N.L. stock attractive at the current price?
The data as of Nov 9, 2026: price A$0.0290, calculated fair value A$0.0274 (−6%), Quality Score 25/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of LKE calculated?
We run Lake Resources N.L. through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of A$0.0274 builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Lake Resources N.L. itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Lake Resources N.L. (LKE)?
The closing price on Nov 9, 2026 was A$0.0290. Our model-based fair value is A$0.0274, about 6% lower (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lake Resources N.L. right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.

Key figures of Lake Resources N.L.

How large is the market capitalisation of Lake Resources N.L. (LKE)?
The market capitalisation of Lake Resources N.L. is A$82.1M (≈ $56.6M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lake Resources N.L. (LKE)?
The price-to-sales ratio of Lake Resources N.L. is 69.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lake Resources N.L. (LKE)?
Earnings per share at Lake Resources N.L. are A$−0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the return on equity of Lake Resources N.L. (LKE)?
The return on equity (ROE) of Lake Resources N.L. is −16.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lake Resources N.L. (LKE)?
On an EBIT basis the return on assets of Lake Resources N.L. is −10.5% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lake Resources N.L. (LKE)?
The operating margin of Lake Resources N.L. is −2,081% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lake Resources N.L. (LKE)?
Revenue at Lake Resources N.L. is growing −54.3% versus a year earlier (3y avg −15.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does Lake Resources N.L. (LKE) generate?
The free cash flow of Lake Resources N.L. is −A$17.6M (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Lake Resources N.L. (LKE) hold?
Lake Resources N.L. holds more cash than debt, A$6.2M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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