Macquarie rates KLL as Outperform

Macquarie rates KLL as Outperform (1) -

Kalium Lakes is on schedule and budget at Beyondie, having completed the harvest ponds lining. This allows for a full summer of crystallisation to build a surface from which to harvest.

Macquarie assesses this is key to realising long-term value. Initial production is expected in the first quarter of FY22. The broker retains an Outperform rating and $0.40 target.

Target price is $0.40 Current Price is $0.18 Difference: $0.22
If KLL meets the Macquarie target it will return approximately 122%(excluding dividends, fees and charges).

The company's fiscal year ends in June.

Forecast for FY21:

	Macquarie forecasts a full year FY21 dividend of 0.00 cents and EPS of minus 1.20 cents. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is minus 15.00.

Forecast for FY22:

	Macquarie forecasts a full year FY22 dividend of 0.00 cents and EPS of 0.50 cents. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 36.00.