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Pilbara Minerals LimitedASX:PLS Stock Report

Market Cap AU$7.9b
Share Price
AU$2.45
My Fair Value
AU$2.80
12.5% undervalued intrinsic discount
1Y-17.5%
7D16.1%
Portfolio Value
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Pilbara Minerals Limited

ASX:PLS Stock Report

Market Cap: AU$7.9b

Pilbara Minerals (PLS) Stock Overview

Engages in the exploration, development, and operation of mineral resources in Australia. More details

PLS fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health5/6
Dividends0/6

Rewards

Earnings are forecast to grow 57.68% per year

Risk Analysis

No risks detected for PLS from our risk checks.

PLS Community Fair Values

Create Narrative

See what 187 others think this stock is worth. Follow their fair value or set your own to get alerts.

PLS logo
Pilbara Minerals

Global Electrification And Decarbonization Will Boost Lithium Prospects

Key Takeaways Process optimizations and promising resource extensions present upside for margins, production, and long-term revenue growth beyond consensus expectations. Flexible production assets and downstream expansion position the company to capture premium opportunities and outperform if lithium market tightness returns.
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AU$2.80
FV
12.5% undervalued intrinsic discount
39.58%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
9users have followed this narrative
2 days ago author updated this narrative
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Pilbara Minerals

Global Lithium Oversupply And Recycling Will Erode Valuations

Key Takeaways Advances in recycling, alternative batteries, and increased global supply pose major risks to Pilbara Minerals' revenue growth and profitability. Heavy reliance on commodity lithium and rising ESG regulations may squeeze margins and reduce earnings relative to more diversified or integrated competitors.
View narrative
AU$1.14
FV
115.0% overvalued intrinsic discount
9.17%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
2 days ago author updated this narrative
PLS logo
Pilbara Minerals

Pilgangoora Expansion And Global Transition Will Empower Lithium Opportunities

Key Takeaways Expansion of production capacity and cost-reduction initiatives position the company to benefit from rising demand and improved margins as the energy transition accelerates. Strategic diversification and strong financial health enable resilience, enhanced revenue stability, and potential market share gains amid shifting global lithium supply preferences.
View narrative
AU$2.13
FV
15.2% overvalued intrinsic discount
22.97%
Revenue growth p.a.
3users have liked this narrative
3users have commented on this narrative
109users have followed this narrative
Updated narrative
View Stock Community

Pilbara Minerals Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pilbara Minerals
Historical stock prices
Current Share PriceAU$2.45
52 Week HighAU$3.41
52 Week LowAU$1.07
Beta1.13
1 Month Change42.03%
3 Month Change97.58%
1 Year Change-17.51%
3 Year Change-30.99%
5 Year Change620.59%
Change since IPO15,212.50%

Recent News & Updates

AU$2.13 - That's What Analysts Think Pilbara Minerals Limited (ASX:PLS) Is Worth After These Results

Aug 27
AU$2.13 - That's What Analysts Think Pilbara Minerals Limited (ASX:PLS) Is Worth After These Results

Improved Revenues Required Before Pilbara Minerals Limited (ASX:PLS) Stock's 29% Jump Looks Justified

Aug 17
Improved Revenues Required Before Pilbara Minerals Limited (ASX:PLS) Stock's 29% Jump Looks Justified

Recent updates

AU$2.13 - That's What Analysts Think Pilbara Minerals Limited (ASX:PLS) Is Worth After These Results

Aug 27
AU$2.13 - That's What Analysts Think Pilbara Minerals Limited (ASX:PLS) Is Worth After These Results

Improved Revenues Required Before Pilbara Minerals Limited (ASX:PLS) Stock's 29% Jump Looks Justified

Aug 17
Improved Revenues Required Before Pilbara Minerals Limited (ASX:PLS) Stock's 29% Jump Looks Justified

A Look At The Intrinsic Value Of Pilbara Minerals Limited (ASX:PLS)

Aug 01
A Look At The Intrinsic Value Of Pilbara Minerals Limited (ASX:PLS)

Pilbara Minerals Limited (ASX:PLS) Shares Fly 34% But Investors Aren't Buying For Growth

Jul 03
Pilbara Minerals Limited (ASX:PLS) Shares Fly 34% But Investors Aren't Buying For Growth

Is Pilbara Minerals (ASX:PLS) Weighed On By Its Debt Load?

Apr 15
Is Pilbara Minerals (ASX:PLS) Weighed On By Its Debt Load?

Investors Aren't Buying Pilbara Minerals Limited's (ASX:PLS) Revenues

Mar 19
Investors Aren't Buying Pilbara Minerals Limited's (ASX:PLS) Revenues

The Return Trends At Pilbara Minerals (ASX:PLS) Look Promising

Jan 17
The Return Trends At Pilbara Minerals (ASX:PLS) Look Promising

Is Pilbara Minerals (ASX:PLS) A Risky Investment?

Dec 28
Is Pilbara Minerals (ASX:PLS) A Risky Investment?
User avatar

Strategic P1000 Expansion And POSCO Partnership Propel Lithium Growth And Boost Margins

Strategic projects and acquisitions aim to enhance production capacity, diversify revenue, and reduce costs, improving operational efficiency and future growth prospects.

Pilbara Minerals Limited (ASX:PLS) Not Doing Enough For Some Investors As Its Shares Slump 25%

Dec 07
Pilbara Minerals Limited (ASX:PLS) Not Doing Enough For Some Investors As Its Shares Slump 25%

Analysts Just Slashed Their Pilbara Minerals Limited (ASX:PLS) EPS Numbers

Oct 31
Analysts Just Slashed Their Pilbara Minerals Limited (ASX:PLS) EPS Numbers

There's No Escaping Pilbara Minerals Limited's (ASX:PLS) Muted Revenues Despite A 27% Share Price Rise

Oct 06
There's No Escaping Pilbara Minerals Limited's (ASX:PLS) Muted Revenues Despite A 27% Share Price Rise

Pilbara Minerals (ASX:PLS) Has A Pretty Healthy Balance Sheet

Sep 16
Pilbara Minerals (ASX:PLS) Has A Pretty Healthy Balance Sheet

Shareholder Returns

PLSAU Metals and MiningAU Market
7D16.1%1.8%-0.3%
1Y-17.5%15.1%11.0%

Return vs Industry: PLS underperformed the Australian Metals and Mining industry which returned 15.1% over the past year.

Return vs Market: PLS underperformed the Australian Market which returned 11% over the past year.

Price Volatility

Is PLS's price volatile compared to industry and market?
PLS volatility
PLS Average Weekly Movement12.1%
Metals and Mining Industry Average Movement11.5%
Market Average Movement8.9%
10% most volatile stocks in AU Market19.3%
10% least volatile stocks in AU Market3.5%

Stable Share Price: PLS has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: PLS's weekly volatility (12%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005950Dale Hendersonwww.pls.com

Pilbara Minerals Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. Its flagship projects is the 100% owned Pilgangoora project located in the Pilbara region of Western Australia.

Pilbara Minerals Limited Fundamentals Summary

How do Pilbara Minerals's earnings and revenue compare to its market cap?
PLS fundamental statistics
Market capAU$7.89b
Earnings (TTM)-AU$195.77m
Revenue (TTM)AU$768.85m
10.3x
P/S Ratio
-40.3x
P/E Ratio

Is PLS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PLS income statement (TTM)
RevenueAU$768.85m
Cost of RevenueAU$776.95m
Gross Profit-AU$8.10m
Other ExpensesAU$187.67m
Earnings-AU$195.77m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)-0.061
Gross Margin-1.05%
Net Profit Margin-25.46%
Debt/Equity Ratio12.9%

How did PLS perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/29 21:26
End of Day Share Price 2025/08/29 00:00
Earnings2025/06/30
Annual Earnings2025/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pilbara Minerals Limited is covered by 30 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Aryan NoroziBarrenjoey Markets Pty Limited
Glyn LawcockBarrenjoey Markets Pty Limited
Josh KannourakisBarrenjoey Markets Pty Limited