Lifezone Metals Limited (LZM) Key Metrics
LZM valuation today
Trailing 12 months · as of October 17, 2026- Market cap
- $275.1M
- Enterprise value
- $402.7M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 114.7 10-yr median 246.2
- Price / book
- 3.8 10-yr median 6.3
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- 1.35
LZM key metrics, 2020–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLZM valuation Price multiples at each fiscal year-end price.
LZM returns How much profit the business earns on the capital it uses.
LZM per-share figures Results divided by the shares outstanding at year-end.
LZM financial health Debt, liquidity and how easily interest is covered.
LZM efficiency & capital use Working capital cycle and where the cash goes.
LZM valuation history
LZM returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LZM debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LZM price vs earnings per share
LZM key metrics
2020–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Valuation | ||||||
| Market capitalization | $341.0M | $544.0M | $595.7M | $372.0M | $355.1M | — |
| Enterprise value | $379.3M | $542.4M | $548.1M | $352.1M | $309.5M | — |
| Price / sales | 322.6 | — | 403.1 | 127.1 | 169.7 | — |
| Price / book | 4.6 | 6.1 | 13.3 | — | 6.6 | — |
| EV / sales | 358.8 | — | 370.9 | 120.3 | 147.9 | — |
| Earnings yield | −4.0% | −8.5% | −61.1% | −6.3% | −5.1% | — |
| Free cash flow yield | −5.0% | −12.3% | −13.2% | −6.2% | −0.3% | — |
| Dividend yield | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shareholder yield (dividends + buybacks) | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Share price at fiscal year-end | $4.27 | $6.95 | $9.04 | $10.38 | $9.91 | — |
| Per share | ||||||
| Revenue per share | $0.01 | $0.00 | $0.02 | $0.08 | $0.06 | $0.03 |
| Earnings per share | −$0.17 | −$0.59 | −$5.52 | −$0.66 | −$0.50 | $0.00 |
| Operating cash flow per share | −$0.21 | −$0.20 | −$0.41 | −$0.48 | −$0.03 | −$0.01 |
| Free cash flow per share | −$0.21 | −$0.85 | −$1.20 | −$0.65 | −$0.03 | −$0.01 |
| Cash per share | $0.25 | $0.37 | $0.75 | $0.57 | $1.27 | $0.02 |
| Book value per share | $0.92 | $1.14 | $0.68 | −$0.24 | $1.51 | $0.04 |
| Tangible book value per share | $0.91 | $1.13 | $0.53 | −$0.26 | $1.49 | $0.03 |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Capex per share | $0.00 | $0.65 | $0.79 | $0.17 | $0.01 | $0.00 |
| Debt per share | $0.73 | $0.35 | $0.03 | $0.02 | $0.00 | — |
| Shares outstanding | 79.9M | 78.3M | 65.9M | 35.8M | 35.8M | 35.8M |
| Change in shares outstanding | +2.0% | +18.8% | +83.9% | 0.0% | 0.0% | — |
| Returns & profitability | ||||||
| Return on equity (ROE) | −16.7% | −69.0% | — | — | −64.8% | 0.6% |
| Return on invested capital (ROIC) | −14.4% | −89.8% | — | — | −305.0% | −0.0% |
| Return on assets (ROA) | −8.2% | −31.0% | −304.2% | −29.7% | −56.6% | 0.5% |
| Return on tangible assets | −7.8% | −29.7% | −275.0% | −24.5% | −29.4% | 0.7% |
| Free cash flow margin | — | — | — | −792.7% | −58.4% | −38.5% |
| Income quality (OCF / net income) | — | — | — | — | — | −29.27 |
| Financial health | ||||||
| Total debt | $58.4M | $27.7M | $1.8M | $695,880 | $0 | — |
| Cash & short-term investments | $20.1M | $29.3M | $49.4M | $20.5M | $45.6M | $600,089 |
| Net debt | $38.3M | −$1.6M | −$47.6M | −$19.8M | −$45.6M | −$600,089 |
| Debt / equity | 0.79 | 0.31 | 0.04 | — | 0.00 | — |
| Debt / assets | 0.33 | 0.18 | 0.01 | 0.01 | 0.00 | — |
| Net debt / EBITDA | — | — | — | — | — | −10.38 |
| Current ratio | 0.38 | 0.57 | 4.30 | 4.58 | 20.27 | 5.13 |
| Quick ratio | 0.38 | 0.56 | 4.29 | 4.58 | 20.49 | 6.22 |
| Interest coverage | -1.8 | -7.5 | — | -96.4 | -112.1 | -0.1 |
| Working capital | −$36.8M | −$24.3M | $42.1M | $59.9M | $45.2M | $990,505 |
| Invested capital | $112.1M | $87.9M | −$3.0M | −$28.3M | $8.4M | $924,239 |
| Tangible asset value | $72.0M | $98.4M | $118.4M | $75.3M | $53.3M | $990,505 |
| Net current asset value | −$80.7M | −$25.7M | $40.9M | $55.6M | $39.5M | $990,505 |
| Graham number | — | — | — | — | — | $0.02 |
| Graham net-net per share | −$1.03 | −$0.35 | $0.57 | $0.11 | $1.06 | $0.01 |
| Capital allocation | ||||||
| Dividends paid | $0 | $0 | $0 | $0 | — | — |
| Share buybacks (net) | $0 | $0 | $0 | $0 | $0 | — |
| Capex / revenue | 3.5% | 36,294.6% | 3,522.3% | 210.8% | 9.7% | 14.0% |
| Capex / depreciation | 0.02 | 32.43 | 49.96 | 19.40 | 2.31 | 2.87 |
| Stock-based compensation / revenue | 299.0% | 12,680.5% | 17,969.6% | 0.0% | 477.3% | 0.0% |
| R&D / revenue | 12.0% | 112.2% | 6.2% | 3.2% | — | — |
| SG&A / revenue | 1,611.9% | 22,982.9% | 19,187.7% | 849.6% | 926.2% | 90.5% |
| Efficiency | ||||||
| Days sales outstanding | 351.8 | 4,741.8 | 1,077.3 | 441.3 | 125.6 | 126.1 |
| Days of inventory on hand | 19.8 | 552.1 | 36.4 | -58.9 | -323.9 | — |
| Days payables outstanding | 441.9 | 11,615.8 | 768.6 | 170.4 | 396.6 | — |
| Cash conversion cycle (days) | -70.3 | -6,321.9 | 345.1 | 211.9 | -594.9 | — |
| Receivables turnover | 1.04 | 0.08 | 0.34 | 0.83 | 2.91 | 2.89 |
| Payables turnover | 0.83 | 0.03 | 0.47 | 2.14 | 0.92 | 0.00 |
| Inventory turnover | 18.40 | 0.66 | 10.02 | — | — | — |
| Asset turnover | 0.01 | 0.00 | 0.01 | 0.04 | 0.07 | 0.60 |
| Average receivables | $1.0M | $1.8M | $4.4M | $3.5M | $720,264 | $367,076 |
| Average payables | $2.5M | $2.8M | $1.6M | $683,938 | $481,150 | $240,099 |
| Average inventory | $110,010 | $131,392 | $75,258 | −$236,418 | −$393,005 | −$263,439 |
| Intangibles / total assets | 0.5% | 0.6% | 7.0% | 0.7% | 0.9% | 30.3% |
Computed from LZM's annual financial statements (latest annual report filed March 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LZM valuation and financial ratios
Lifezone Metals earned a return on equity of −16.7% and a return on invested capital of −14.4% in fiscal 2025. It ended the year with $58.4 million of debt and $20.1 million in cash and short-term investments, net debt of $38.3 million. The share count rose 122.9% from 35.8M to 79.9M over 5 years.
See the LZM income statement, the LZM chart for price history, or the LZM stock overview for the latest quote and news.
LZM key metrics FAQ
What is Lifezone Metals's return on equity?
Lifezone Metals's return on equity (ROE) was −16.7% in fiscal 2025: net income of -$13.6 million on average shareholders' equity of $81.7 million.
What is Lifezone Metals's ROIC?
Lifezone Metals's return on invested capital was −14.4% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lifezone Metals have?
Lifezone Metals had total debt of $58.4 million at the end of fiscal 2025, a debt-to-equity ratio of 0.79.
Does Lifezone Metals pay a dividend?
Lifezone Metals did not pay a dividend in fiscal 2025.
What is Lifezone Metals's free cash flow yield?
Lifezone Metals generated -$16.9 million of free cash flow in fiscal 2025, a free cash flow yield of −5.0% on its market value at year-end ($341.0 million).
What is Lifezone Metals's current ratio?
Lifezone Metals's current ratio was 0.38 at the end of fiscal 2025: current assets were 0.38 times current liabilities.