SGML Basic MaterialsBeta data

Sigma Lithium Corporation

$5.53+6.24%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Basic Materials
Industry: Other Industrial Metals & Mining
Country: Canada
Market cap: 623.1M USD
Enterprise value: 883.9M USD
Full-time employees: 560

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.34 vs a peer median of 1.76) and more debt relative to equity (3.37× vs a peer median of 0.36×)higher risk: less liquidity (current ratio 0.34 vs peers 1.76) and more debt vs equity (3.37× vs peers 0.36×)
Not enough data: growth

Would rank #1,114 of 1,217 fully scored basic materials companies (bottom 9%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.4× equity vs a peer median of 0.4×.Debt is 3.4× equity vs peers 0.4×.
Debt is 3.4× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 3.4× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Valuation signals disagree. Cheaper than 63% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, Sigma Lithium looks cheaper than 63% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Not profitable yet. Reported a loss over the last 12 months.
Sigma Lithium reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.
Financials may be out of date. Latest financial period ended 22 months ago.
The latest financial period we have ended 22 months ago, so the scores may not reflect recent results.

StockQuotient Score

22/ 100▲ 3 since Oct 27 close

Oct 5 20 → Nov 4 22 (+2)

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

35/100

Weak▲ 8 since Oct 27 close

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 27 → 35

Share price -34.5%+8
Company's reported figures updated-2
Peer companies moved+2

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-4.3%

Yahoo Finance · trailing 12 monthsNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.00Sector median: 0.0364 · MAD: 0.0364

EBITDA yield4.7%

Yahoo Finance · trailing 12 monthsReported value50% base weight · Z-score -0.74Sector median: 0.0854 · MAD: 0.0520

Free cash flow yield4.7%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score 0.82Sector median: 0.0261 · MAD: 0.0261

Other data (not scored)

Book yield13.3%

Yahoo FinanceReported valueInformational · 0% composite weightSector median: 0.5947 · MAD: 0.3137

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

27/100

Weak

3/3 inputs reported · High confidence

Since last year: ▼ Weaker

Net margin fell 12.4 points to -33.5%

Why

Weaker than most peers on:

▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-11.1%

Yahoo Finance · fiscal year to Dec 2025Reported value33% base weight · Z-score -3.02Sector median: 0.0757 · MAD: 0.0617

Return on assets4.1%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score 0.62Sector median: 0.0249 · MAD: 0.0265

Return on invested capital8.1%

Yahoo Finance · trailing 12 monthsReported value33% base weight · Z-score 0.23Sector median: 0.0675 · MAD: 0.0575

Other data (not scored)

Gross margin49.1%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.2138 · MAD: 0.1202

Return on equity-31.6%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0537 · MAD: 0.0694

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: Changed: worth a look

Debt up 46%

Why it changed since the Oct 27, 2026 close: Safety percentile 4 → 5

Peer companies moved+1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.60

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.33Sector median: 0.6950 · MAD: 0.2810

Current ratio0.34×

Yahoo FinanceOutlier capped at sector 5th/95th percentile33% base weight · Z-score -1.73Sector median: 1.7610 · MAD: 0.6770

Debt / equity3.37×

Yahoo FinanceOutlier capped at sector 5th/95th percentile33% base weight · Z-score -4.82Sector median: 0.3578 · MAD: 0.2929

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Sigma Lithium

Is Sigma Lithium getting weaker?: Its latest SEC filing (Mar 30, 2026) got weaker in some ways: net margin fell 12.4 points to -33.5%; debt up 46%. Its overall score is 22/100, up 3 since Oct 28, 2026.
How is Sigma Lithium valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 35/100 against 1,371 basic materials peers. Free cash flow yield 4.7% vs a peer median of 2.6% (stronger than 63% of peers).Free cash flow yield 4.7% vs peers 2.6% (stronger than 63% of peers). Earnings yield -4.3% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -4.3% vs peers 3.6% (weaker than 100% of peers).
Is Sigma Lithium growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Sigma Lithium?: Less profitable than most of its peers. Profitability scores 27/100 against 1,371 basic materials peers. Return on assets 4.1% vs a peer median of 2.5% (stronger than 66% of peers).Return on assets 4.1% vs peers 2.5% (stronger than 66% of peers). Operating margin -11.1% vs a peer median of 7.6% (weaker than 93% of peers).Operating margin -11.1% vs peers 7.6% (weaker than 93% of peers).
How risky is Sigma Lithium?: Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 0.34× vs a peer median of 1.76× (weaker than 100% of peers).Current ratio 0.34× vs peers 1.76× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2024 · filed Mar 30, 2026 · compared with the year ended Dec 31, 2023

Got weaker

Net margin fell 12.4 points to -33.5%
Debt up 46%

	Previous year	Latest year	Change
Revenue (12 months)	181.2M CAD	208.7M CAD	+15.2%
Net income (12 months)	−38.2M CAD	−70.0M CAD	+83.0%
Free cash flow (12 months)	−76.6M CAD	−47.4M CAD	−38.1%
Debt	170.9M CAD	249.7M CAD	+46.1%
Cash	64.4M CAD	66.1M CAD	+2.6%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in CAD, as reported

Key ratios	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	Change
Gross margin	—	—	—	49.1%	21.2%	▼ 28 pts
Net margin	—	—	—	-21.1%	-33.5%	▼ 12 pts
Return on assets (ROA)	-4.7%	-17.4%	-41.2%	-7.8%	-14.9%	▼ 7.0 pts
Return on equity (ROE)	-7.1%	-18.4%	-69.5%	-17.8%	-52.7%	▼ 35 pts
Free cash flow margin	—	—	—	-42.3%	-22.7%	▲ 20 pts
Current ratio	2.03×	33.39×	3.06×	1.17×	0.85×	▼ 27%
Quick ratio	—	—	—	1.01×	0.70×	▼ 30%
Debt to equity	—	0.01×	0.42×	0.80×	1.88×	▲ 136%

SGML price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.34 vs a peer median of 1.76) and more debt relative to equity (3.37× vs a peer median of 0.36×)higher risk: less liquidity (current ratio 0.34 vs peers 1.76) and more debt vs equity (3.37× vs peers 0.36×)

Not enough data: growth

Would rank #1,114 of 1,217 fully scored basic materials companies (bottom 9%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Much more borrowing than peers. Debt is 3.4× equity vs a peer median of 0.4×.Debt is 3.4× equity vs peers 0.4×.

Debt is 3.4× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 3.4× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.

Valuation signals disagree. Cheaper than 63% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, Sigma Lithium looks cheaper than 63% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Not profitable yet. Reported a loss over the last 12 months.

Sigma Lithium reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Financials may be out of date. Latest financial period ended 22 months ago.

The latest financial period we have ended 22 months ago, so the scores may not reflect recent results.

Questions investors ask about Sigma Lithium

Is Sigma Lithium getting weaker?

Its latest SEC filing (Mar 30, 2026) got weaker in some ways: net margin fell 12.4 points to -33.5%; debt up 46%. Its overall score is 22/100, up 3 since Oct 28, 2026.

How is Sigma Lithium valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 35/100 against 1,371 basic materials peers. Free cash flow yield 4.7% vs a peer median of 2.6% (stronger than 63% of peers).Free cash flow yield 4.7% vs peers 2.6% (stronger than 63% of peers). Earnings yield -4.3% vs a peer median of 3.6% (weaker than 100% of peers).Earnings yield -4.3% vs peers 3.6% (weaker than 100% of peers).

Is Sigma Lithium growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Sigma Lithium?

Less profitable than most of its peers. Profitability scores 27/100 against 1,371 basic materials peers. Return on assets 4.1% vs a peer median of 2.5% (stronger than 66% of peers).Return on assets 4.1% vs peers 2.5% (stronger than 66% of peers). Operating margin -11.1% vs a peer median of 7.6% (weaker than 93% of peers).Operating margin -11.1% vs peers 7.6% (weaker than 93% of peers).

How risky is Sigma Lithium?

Higher risk relative to 1,371 basic materials peers, judged on debt, liquidity and share-price swings. Current ratio 0.34× vs a peer median of 1.76× (weaker than 100% of peers).Current ratio 0.34× vs peers 1.76× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

181.2M CAD

208.7M CAD

+15.2%

Net income (12 months)

−38.2M CAD

−70.0M CAD

+83.0%

Free cash flow (12 months)

−76.6M CAD

−47.4M CAD

−38.1%

Debt

170.9M CAD

249.7M CAD

+46.1%

Cash

64.4M CAD

66.1M CAD

+2.6%

Key ratios

FY 2020

FY 2021

FY 2022

FY 2023

FY 2024

Change

Gross margin

—

49.1%

21.2%

▼ 28 pts

Net margin

—

-21.1%

-33.5%

▼ 12 pts

Return on assets (ROA)

-4.7%

-17.4%

-41.2%

-7.8%

-14.9%

▼ 7.0 pts

Return on equity (ROE)

-7.1%

-18.4%

-69.5%

-17.8%

-52.7%

▼ 35 pts

Free cash flow margin

—

-42.3%

-22.7%

▲ 20 pts

Current ratio

2.03×

33.39×

3.06×

1.17×

0.85×

▼ 27%

Quick ratio

—

1.01×

0.70×

▼ 30%

Debt to equity

—

0.01×

0.42×

0.80×

1.88×

▲ 136%