Delta Lithium Limited (DLI.AX)

Delta Lithium Limited (DLI.AX) — VMCI valuation read

Delta Lithium Limited (DLI.AX) carries a VMCI composite of 50/100, 0 points below the Basic Materials sector median of 50. Among mid-cap names, that gap places DLI.AX in the bottom third on the five-pillar weighting (Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%).

The DLI.AX insider tape has been silent for the past 30 days on Form 4. Where executives neither buy nor sell, the bull and bear cases lean harder on filings cadence and the next earnings line.

**Investor frame.** Value reads DLI.AX trades at 14.0x earnings, 22% below the Basic Materials median of 18.0x, which compresses or extends through the 11.0x EV/EBITDA versus a Basic Materials 12.0x. Quality: ROIC of 18.0% sits 8.0pp above the Basic Materials median (10.0%). Risk: net debt to EBITDA of 3.5x is the binding constraint on the bear case, the line to track on Delta Lithium Limited's next 10-Q.

DLI.AX fell 3.2% over the trailing 7 days, with a -12.6% read on a 30-day basis.