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PLL

Piedmont LithiumASX:PLL Stock Report

Market Cap

AU$1.3b

7D

3.0%

1Y

113.9%

Updated

20 Oct, 2021

Data

Company Financials +
PLL fundamental analysis
Snowflake Score
Valuation0/6
Future Growth3/6
Past Performance0/6
Financial Health5/6
Dividends0/6

PLL Overview

Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in the United States.

Piedmont Lithium Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Piedmont Lithium
Historical stock prices
Current Share PriceAU$0.84
52 Week HighAU$0.28
52 Week LowAU$1.14
Beta0.46
1 Month Change23.36%
3 Month Change13.42%
1 Year Change113.92%
3 Year Change525.93%
5 Year Change1,090.14%
Change since IPO-83.75%

Recent News & Updates

Oct 12
Is Piedmont Lithium (ASX:PLL) Using Debt Sensibly?

Is Piedmont Lithium (ASX:PLL) Using Debt Sensibly?

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Shareholder Returns

PLLAU Metals and MiningAU Market
7D3.0%1.8%1.5%
1Y113.9%11.3%21.1%

Return vs Industry: PLL exceeded the Australian Metals and Mining industry which returned 11.3% over the past year.

Return vs Market: PLL exceeded the Australian Market which returned 20.2% over the past year.

Price Volatility

Is PLL's price volatile compared to industry and market?
PLL volatility
PLL Beta0.46
Industry Beta0.97
Market Beta1

Stable Share Price: PLL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: PLL's weekly volatility (9%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/an/aKeith Phillipshttps://www.piedmontlithium.com

Piedmont Lithium Inc., an exploration stage company, engages in the exploration and development of resource projects in the United States. The company primarily holds a 100% interest in the Carolina Lithium Project that include an area of approximately 3,116 acres located within the Carolina Tin-Spodumene Belt situated to the west of Charlotte, North Carolina in the United States. It also owns a 61-acre property in Kings Mountain, North Carolina.

Piedmont Lithium Fundamentals Summary

How do Piedmont Lithium's earnings and revenue compare to its market cap?
PLL fundamental statistics
Market CapUS$986.84m
Earnings (TTM)-US$19.99m
Revenue (TTM)n/a

0x

P/S Ratio

-49.4x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLL income statement (TTM)
RevenueUS$0
Cost of RevenueUS$0
Gross ProfitUS$0
ExpensesUS$19.99m
Earnings-US$19.99m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.013
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio1.3%

How did PLL perform over the long term?

See historical performance and comparison

Valuation

Is Piedmont Lithium undervalued compared to its fair value and its price relative to the market?

5.47x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate PLL's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate PLL's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: PLL is unprofitable, so we can't compare its PE Ratio to the Australian Metals and Mining industry average.

PE vs Market: PLL is unprofitable, so we can't compare its PE Ratio to the Australian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PLL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PLL is overvalued based on its PB Ratio (5.5x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

How is Piedmont Lithium forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

69.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PLL is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.9%).

Earnings vs Market: PLL is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PLL's is expected to become profitable in the next 3 years.

Revenue vs Market: PLL is forecast to have no revenue next year.

High Growth Revenue: PLL is forecast to have no revenue next year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLL is forecast to be unprofitable in 3 years.


Past Performance

How has Piedmont Lithium performed over the past 5 years?

-32.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLL is currently unprofitable.

Growing Profit Margin: PLL is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLL is unprofitable, and losses have increased over the past 5 years at a rate of 32.5% per year.

Accelerating Growth: Unable to compare PLL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PLL is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (35.3%).


Return on Equity

High ROE: PLL has a negative Return on Equity (-11.08%), as it is currently unprofitable.


Financial Health

How is Piedmont Lithium's financial position?


Financial Position Analysis

Short Term Liabilities: PLL's short term assets ($143.9M) exceed its short term liabilities ($6.2M).

Long Term Liabilities: PLL's short term assets ($143.9M) exceed its long term liabilities ($1.2M).


Debt to Equity History and Analysis

Debt Level: PLL's debt to equity ratio (1.3%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if PLL's debt to equity ratio has reduced over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: PLL has sufficient cash runway for more than 3 years based on its current free cash flow.

Forecast Cash Runway: PLL has sufficient cash runway for 1.1 years if free cash flow continues to reduce at historical rates of 47% each year.


Dividend

What is Piedmont Lithium current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PLL's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PLL's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PLL's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PLL's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PLL's dividend in 3 years as they are not forecast to pay a notable one for the Australian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.5yrs

Average management tenure


CEO

Keith Phillips (60 yo)

4.25yrs

Tenure

US$1,368,167

Compensation

Mr. Keith Douglas Phillips, B.Com, H.B.Com., MBA, has been Chief Executive Officer, President, Managing Director and Director at Piedmont Lithium Inc., since July 10, 2017. Mr. Phillips served as Managing...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD1.37M) is above average for companies of similar size in the Australian market ($USD989.90K).

Compensation vs Earnings: Keith's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: PLL's management team is considered experienced (2.5 years average tenure).


Board Members

Experienced Board: PLL's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 35.2%.


Top Shareholders

Company Information

Piedmont Lithium Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Piedmont Lithium Inc.
  • Ticker: PLL
  • Exchange: ASX
  • Founded: NaN
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$1.320b
  • Shares outstanding: 1.56b
  • Website: https://www.piedmontlithium.com

Number of Employees


Location

  • Piedmont Lithium Inc.
  • 32 North Main Street
  • Suite 100
  • Belmont
  • North Carolina
  • 28012
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/20 15:15
End of Day Share Price2021/10/20 00:00
Earnings2021/06/30
Annual Earnings2021/06/30


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 here.