Sigma Lithium Corp is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
Stock price today
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Third-party market data · may be delayed
Model estimate per share
~$12
Valuation models combined (3)
Base case. Range ~$6.7–$22. Weighted average of 3 models (growth cash-flow model, forward price-to-earnings vs peers, forward price-to-sales vs peers), the growth cash-flow model counting double.
Price vs value
No Buy/Hold/Sell rating is issued: limited reported history: available models are shown without a Buy/Hold/Sell rating.
Sigma Lithium Corp valuation: adjust assumptions and compare models →
Who’s trading
What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.
- Funds60 adding, 50 cuttingOf 24 active managers that changed their stake, 19 added; quarter to June 30, 2026Fund buyers and sellers
The Fundamentalytics view
Sigma Lithium Corp's trailing-twelve-month revenue fell 27.3% year on year, with a free-cash-flow margin of -6.8%.
Current signal Free cash flow diverging from earnings: TTM free cash flow grew 78.8% while net income grew 2.4%: a 76pp divergence.
Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.
Highlights
How we pick theseStrengths
- Estimates rising. Analysts' consensus for next year's earnings per share has risen 9.5% over 90 days.
Things to watch
- Revenue shrinking. Revenue fell 27.3% over the last 12 months.
- Loss-making. Operating margin is -38.6%: costs exceed revenue.
- Margins narrowing. Operating margin is down 14.4 points on a year ago.
- Burning cash. Free cash flow was -6.8% of revenue over the last 12 months.
- Gross margin slipping. Gross margin is down 4.2 points on a year ago.
- Heavily shorted. 11.2% of the shares available to trade are sold short (3.0 days of average volume to cover).
Latest results
- Earnings per share
- -$0.02 against an average estimate of $0.23: missed by 108.7%
- Next report
- November 13, 2026; average EPS estimate $0.08
Price chart
- 1 day-25.6%
- 1 week-33.7%
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Third-party market data · may be delayed
At a glance
Profitability
- Revenue (TTM)
- $110M
- Operating margin
- -38.6%
- Net margin
- -45.6%
- EPS (TTM, diluted)
- $-0.45
Growth
- Revenue growth
- −27.3%
- Share count change
- +0.5%
Cash
- Free cash flow (TTM)
- -$7.4M
- FCF margin
- -6.8%
- Stock pay % of revenue
- 1.8%
News & updates
Company announcements, filed results and changes that matter to shareholders.
No recent updates are available for SGML from the sources we follow. See filings →
Valuation models
We value Sigma Lithium Corp as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.33 times a 4.5% equity risk premium.
| Model | Value per share | In the combined value? |
|---|---|---|
| Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$6.7 ~$0.7–$13 | Primary model, counts double |
| Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$22 ~$20–$43 | Included |
| Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. | — | Does not apply: the model gives no positive value |
| Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. | — | Does not apply: return on equity is not positive |
| Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. | ~$12 ~$9.9–$51 | Included, half weight |
| Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. | — | Does not apply: revenue and margins don't support a positive value |
| Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. | ~$12 ~$6.7–$22 | 3 models |
Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Sigma Lithium Corp with Diversified Metals & Mining in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.
Moat
Not assessed: fewer than five years of comparable figures in the filings. AI disruption exposure for this industry: Low.
Forecasts and guidance
Next results: November 13, 2026, before the open. Analysts expect revenue of $49m and EPS of $0.08 (range $0.08 to $0.08) for the quarter.
Analysts' consensus
| Fiscal year | EPS | Growth | Revenue | Growth |
|---|---|---|---|---|
| Current | $0.49 | +209% | $298m | +95% |
| Next | $1.83 | +276% | $758m | +155% |
Next year's EPS estimate has moved +9.5% in 90 days, across 3 analysts.
How the EPS forecast has moved
The consensus EPS forecast for the current fiscal year is −59.5% on 90 days ago. In the last 30 days, 0 analysts raised Sigma Lithium Corp's forecast and 1 cut it.
Average of analysts' published estimates (third-party data).
View chart data
| Period | Current fiscal year | Next fiscal year |
|---|---|---|
| 90 days ago | $1.21 | $1.68 |
| 60 days ago | $0.84 | $1.63 |
| 30 days ago | $0.55 | $1.72 |
| 7 days ago | $0.49 | $1.90 |
| Now | $0.49 | $1.83 |
Earnings against estimates
| Quarter to | Estimate | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | $0.23 | −$0.02 | −108.7% |
| Mar 2026 | $0.14 | $0.10 | −25.9% |
| Dec 2025 | −$0.07 | −$0.22 | −214.3% |
| Sept 2025 | −$0.05 | −$0.10 | −100.0% |
Adjusted EPS as companies report it, against the average analyst estimate.
Positioning
- Short interest
- 11.2% of tradable shares
- Days to cover
- 2.95 at average volume
- Short interest, 1 month
- +98% to October 15, 2026
- Held by institutions
- 92% of shares
- Held by insiders
- 3.3% of shares
- Employees
- 560 full time
Share-price performance
Market data may be delayedPrice behaviour
- 52-week range
- Not enough history
- From 52-week high
- —
- vs 50-day average
- —
- vs 200-day average
- —
- Volatility (1 year)
- —
- Beta vs S&P 500
- —
Fundamentals
Financial statements
| Fiscal year | 2023 Dec 2023 | 2024 Dec 2024 | 2025 Dec 2025 |
|---|---|---|---|
| Income | |||
| Revenue | 134 | 151 | 110 |
| Gross profit | 66 | 32 | 18 |
| EBITDA | — | −23 | −44 |
| Operating income | — | −37 | −42 |
| Net income | −28 | −51 | −50 |
| Diluted EPS | −$0.26 | −$0.46 | −$0.45 |
| Growth (year on year) | |||
| Revenue | — | +12.7% | −27.3% |
| Margins | |||
| Gross margin | 49.1% | 20.9% | 16.7% |
| EBITDA margin | — | −15.4% | −40.4% |
| Operating margin | — | −24.3% | −38.6% |
| Net margin | −21.1% | −34.0% | −45.6% |
| Free-cash-flow margin | −42.3% | −23.2% | −6.8% |
| Cash flow | |||
| Cash from operations | −23 | −18 | 2 |
| Capital spending | 34 | 17 | 10 |
| Free cash flow | −57 | −35 | −7 |
| Stock-based pay | 35 | 8 | 2 |
| Free cash flow after stock pay | −92 | −43 | −9 |
| Balance sheet | |||
| Cash | 49 | 46 | 6 |
| Total debt | 129 | 174 | 141 |
| Net debt (negative = net cash) | 81 | 128 | 134 |
| Diluted shares | 108m | 111m | 111m |
Financial health
- Short-term assets cover short-term liabilities $49m of assets due within a year against $200m of liabilities due within a year.
- Short-term assets cover long-term liabilities Not assessable from the reported split. Not assessable.
- More cash than debt $6m of cash against $13m of debt.
- Debt below 40% of shareholders' equity Debt is 23% of equity.
- Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
- A year's operating cash flow covers at least 20% of debt $2m of operating cash flow against $13m of debt.
- Operating profit covers interest at least five times over Operating income of −$42m against −$20m of interest.
Dividends, buybacks and capital spending
- Diluted share count
- +0.5%
- year over year
Competitors: side by side with peers
| Last 12 months unless stated | SGML | LGO | UUUU | USAS | MP | UAMY | Median |
|---|---|---|---|---|---|---|---|
| Revenue, last 12 months | $110m | $110m | $106m | $118m | $305m | $36m | $114m |
| Revenue growth, last 12 months | −27.3% | −12.0% | 62.5% | 17.7% | 26.1% | 41.6% | 11.6% |
| Revenue growth, 3-year average | — | — | 52.9% | — | −6.8% | 63.4% | 13.4% |
| Revenue growth, latest quarter | — | — | 496.1% | — | 89.0% | −24.7% | 7.2% |
| Gross margin | 16.7% | 52.2% | 40.9% | 28.0% | — | 17.4% | 24.2% |
| Operating margin | −38.6% | — | −91.0% | — | −41.5% | −64.0% | −10.0% |
| Operating margin, 3-year average | — | — | −98.6% | — | −62.5% | −45.8% | −23.9% |
| Net margin | −45.6% | −62.3% | −77.3% | −74.1% | −19.9% | −44.6% | −40.4% |
| Cash from operations / revenue | 2.2% | −9.3% | −59.1% | −3.3% | −27.5% | −77.0% | −6.3% |
| Free-cash-flow margin | −6.8% | −34.3% | −78.0% | −62.1% | −165.2% | −195.6% | −34.6% |
| Free-cash-flow margin, 3-year average | — | — | −105.2% | −71.2% | −128.0% | −80.4% | −37.2% |
| Stock pay / revenue | 1.8% | 2.1% | 13.5% | 10.2% | 13.6% | 38.4% | 10.2% |
| Change in share count | 0.5% | 5.8% | 22.3% | 152.3% | 8.3% | 15.2% | 7.1% |
Who owns it
Funds buying and selling- Reported value
- $467M
- Institutions reporting
- 119
- Shares held vs prior quarter
- ▲ 9.0%
- Positions opened / closed
- 30 / 8
| Manager | Value | Shares | Share of 13F value | Shares QoQ |
|---|---|---|---|---|
| Van Eck Associates Corp | $53.9M | 4.3M | 11.5% | ▼ 25.1% |
| Jane Street Group, LLC | $40.9M | 3.2M | 8.7% | ▲ 141.7% |
| Point72 Asset Management, L.P. | $40.1M | 3.2M | 8.6% | ▲ 28.0% |
| D. E. Shaw & Co., Inc. | $38.7M | 3.1M | 8.3% | ▲ 30.9% |
| Blackrock, Inc. | $29.7M | 2.3M | 6.4% | ▼ 0.4% |
| Millennium Management LLC | $22M | 1.7M | 4.7% | ▲ 484.1% |
| Handelsbanken Fonder AB | $19M | 1.5M | 4.1% | ▲ 23.2% |
| HRT Financial LP | $18.9M | 1.5M | 4.0% | ▲ 500.9% |
| Jupiter Asset Management Ltd | $17.2M | 1.4M | 3.7% | New |
| Keystone Investors Pte Ltd | $16.5M | 1.3M | 3.5% | — |
| Morgan Stanley | $15.4M | 1.2M | 3.3% | ▼ 13.9% |
| Kailix Advisors LLC | $14.5M | 1.1M | 3.1% | New |
From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Sigma Lithium Corp's complete shareholder register. Values are as reported by the filers .
Insider trading activity
Full insider history and chartFrom insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.
Earnings dates and SEC filings
Data status
| Data | Last updated | Source |
|---|---|---|
| Share price | Exchange closing prices | |
| News and updates | Company releases and SEC 8-K filings | |
| Analyst estimates | Aggregated analyst estimates | |
| Valuation and scores | Our models, from the filed figures |
Sigma Lithium Corp in brief
- What does Sigma Lithium Corp do?
- Sigma Lithium Corp is a US-listed company in the diversified metals & mining industry. Its financial year ends in December.
- What is Sigma Lithium Corp's stock ticker?
- Sigma Lithium Corp trades under the ticker SGML on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
- What is Sigma Lithium Corp's revenue, and how fast is it growing?
- Over its most recent trailing twelve months, Sigma Lithium Corp reported revenue of $110M, 27.3% lower than a year earlier, according to its SEC filings.
- What is Sigma Lithium Corp's free cash flow?
- Sigma Lithium Corp's free-cash-flow margin is -6.8% of revenue over the trailing twelve months.
- Who are Sigma Lithium Corp's largest institutional shareholders?
- By value reported in 13F filings for June 30, 2026, the largest reported holders are Van Eck Associates Corp, Jane Street Group, LLC and Point72 Asset Management, L.P. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
- How much debt does Sigma Lithium Corp have?
- Sigma Lithium Corp's debt-to-equity ratio is 23.3%, from its latest balance sheet. The financial health section below sets out its other solvency checks.
- Who are Sigma Lithium Corp's competitors?
- In our Diversified Metals & Mining peer group, the companies closest to Sigma Lithium Corp are Largo Inc., Energy Fuels Inc, Americas Gold & Silver Corp, MP Materials Corp. / DE and United States Antimony Corp. The side-by-side comparison below sets their revenue, margins and growth against Sigma Lithium Corp's.
- When is Sigma Lithium Corp's next earnings date?
- Around November 13, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Sigma Lithium Corp announces its own schedule.
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