Lithium Americas Corp. (LAC) intrinsic value & 10-year financials

Lithium Americas Corp. (LAC) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$2.18
Market cap
$531.2M
Revenue (FY2025)
—
ROIC (10-yr avg)
-35.8%
Free cash flow (FY2025)
-$826.3M

LAC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$86.3M -$0.50 -$826.3M — -30.6%
FY2024 — -$42.6M -$0.21 -$190.7M — -73.6%
FY2023 — -$5.1M -$0.03 -$228.5M — -3.1%
FY2022 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

LITHIUM AMERICAS CORP. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

LITHIUM AMERICAS CORP. has historically struggled to out-earn its cost of capital, averaging just -35.8% ROIC.

LITHIUM AMERICAS CORP. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

LITHIUM AMERICAS CORP. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

LAC stock: frequently asked questions

What is the intrinsic value of Lithium Americas Corp. (LAC) stock?

Graham's formula only works with positive earnings. Lithium Americas Corp. reported diluted EPS of -$0.50 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Lithium Americas Corp. generate free cash flow?

Lithium Americas Corp. generated -$826.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 3 reported years.

What is LAC's return on invested capital?

Average ROIC over the last 4 fiscal years was -35.8%, and average return on equity was -7.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LAC data come from?

From Lithium Americas Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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