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PLL

Piedmont Lithium ASX:PLL Stock Report

Last Price

AU$0.88

Market Cap

AU$1.6b

7D

0.6%

1Y

21.4%

Updated

05 Oct, 2022

Data

Company Financials +
PLL fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance0/6
Financial Health4/6
Dividends0/6

PLL Stock 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$0.88
52 Week HighAU$1.08
52 Week LowAU$0.48
Beta0.75
1 Month Change2.33%
3 Month Change70.87%
1 Year Change21.38%
3 Year Change877.78%
5 Year Change388.89%
Change since IPO-83.08%

Recent News & Updates

Shareholder Returns

PLLAU Metals and MiningAU Market
7D0.6%7.0%3.6%
1Y21.4%8.6%-8.0%

Return vs Industry: PLL exceeded the Australian Metals and Mining industry which returned 8.6% over the past year.

Return vs Market: PLL exceeded the Australian Market which returned -8% over the past year.

Price Volatility

Is PLL's price volatile compared to industry and market?
PLL volatility
PLL Average Weekly Movement11.0%
Metals and Mining Industry Average Movement11.4%
Market Average Movement9.4%
10% most volatile stocks in AU Market16.5%
10% least volatile stocks in AU Market4.2%

Stable Share Price: PLL is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 11% a week.

Volatility Over Time: PLL's weekly volatility (11%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
n/a28Keith 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 CapAU$1.60b
Earnings (TTM)-AU$72.68m
Revenue (TTM)n/a

0.0x

P/S Ratio

-21.8x

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
Other ExpensesUS$47.22m
Earnings-US$47.22m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.026
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio0.3%

How did PLL perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

Is PLL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PLL?

Other financial metrics that can be useful for relative valuation.

PLL key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDA-22x
PEG Ration/a

Price to Book Ratio vs Peers

How does PLL's PB Ratio compare to its peers?

PLL PB Ratio vs Peers
The above table shows the PB ratio for PLL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average7x
CHN Chalice Mining
9x-17.0%AU$1.5b
INR ioneer
4.5x67.8%AU$1.3b
LKE Lake Resources
6.2x108.7%AU$1.4b
CXO Core Lithium
8.3x82.0%AU$2.1b
PLL Piedmont Lithium
3.9x75.3%AU$1.6b

Price-To-Book vs Peers: PLL is good value based on its Price-To-Book Ratio (3.9x) compared to the peer average (7x).


Price to Earnings Ratio vs Industry

How does PLL's PE Ratio compare vs other companies in the AU Metals and Mining Industry?

Price-To-Book vs Industry: PLL is expensive based on its Price-To-Book Ratio (3.9x) compared to the Australian Metals and Mining industry average (1.8x)


Price to Book Ratio vs Fair Ratio

What is PLL's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PLL PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio3.9x
Fair PB Ration/a

Price-To-Book vs Fair Ratio: Insufficient data to calculate PLL's Price-To-Book Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PLL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PLL (A$0.88) is trading below our estimate of fair value (A$3.31)

Significantly Below Fair Value: PLL is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

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

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


75.3%

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 (1.8%).

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 is expected to become profitable in the next 3 years.

Revenue vs Market: PLL's revenue (55% per year) is forecast to grow faster than the Australian market (3.6% per year).

High Growth Revenue: PLL's revenue (55% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: Insufficient data to determine if PLL's Return on Equity is forecast to be high in 3 years time


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Past Performance

How has Piedmont Lithium performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-45.4%

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 45.4% 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 (33.8%).


Return on Equity

High ROE: PLL has a negative Return on Equity (-17.72%), as it is currently unprofitable.


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Financial Health

How is Piedmont Lithium's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Stable Cash Runway

  • Forecast Cash Runway

Financial Position Analysis

Short Term Liabilities: PLL's short term assets ($143.5M) exceed its short term liabilities ($6.1M).

Long Term Liabilities: PLL's short term assets ($143.5M) exceed its long term liabilities ($349.4K).


Debt to Equity History and Analysis

Debt Level: PLL has more cash than its total debt.

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 a year based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if PLL has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


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Dividend

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

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Piedmont Lithium Dividend Yield vs Market
How does Piedmont Lithium dividend yield compare to the market?
SegmentDividend Yield
Company (Piedmont Lithium)n/a
Market Bottom 25% (AU)2.8%
Market Top 25% (AU)7.0%
Industry Average (Metals and Mining)9.8%
Analyst forecast in 3 Years (Piedmont Lithium)n/a

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.


Earnings Payout to Shareholders

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


Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as PLL has not reported any payouts.


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Management

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

0.6yrs

Average management tenure


CEO

Keith Phillips (61 yo)

5.25yrs

Tenure

US$1,165,638

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

Keith Phillips's Compensation vs Piedmont Lithium Earnings
How has Keith Phillips's remuneration changed compared to Piedmont Lithium's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

-US$47m

Mar 31 2022n/an/a

-US$45m

Dec 31 2021US$1mUS$250k

-US$43m

Sep 30 2021n/an/a

-US$29m

Jun 30 2021n/an/a

-US$20m

Mar 31 2021n/an/a

-US$15m

Dec 31 2020n/an/a

-US$8m

Sep 30 2020n/an/a

-US$6m

Jun 30 2020US$547kUS$250k

-US$6m

Mar 31 2020n/an/a

-US$7m

Dec 31 2019n/an/a

-US$9m

Sep 30 2019n/an/a

-US$10m

Jun 30 2019US$628kUS$250k

-US$10m

Mar 31 2019n/an/a

-US$10m

Dec 31 2018n/an/a

-US$10m

Sep 30 2018n/an/a

-US$10m

Jun 30 2018US$902kUS$245k

-US$10m

Compensation vs Market: Keith's total compensation ($USD1.17M) is about average for companies of similar size in the Australian market ($USD1.08M).

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


Leadership Team

Experienced Management: PLL's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

Experienced Board: PLL's board of directors are not considered experienced ( 2.8 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.


Ownership Breakdown

What is the ownership structure of PLL?
Owner TypeNumber of SharesOwnership Percentage
Private Companies20,365,0001.1%
Individual Insiders161,954,1409.0%
General Public649,168,77436.1%
Institutions964,998,38653.7%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 13.2%.


Top Shareholders

Top 25 shareholders own 51.4% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
8.9%
State Street Global Advisors, Inc.
159,907,800$140.7m-0.04%no data
6.99%
BlackRock, Inc.
125,625,900$110.6m269.42%no data
5.23%
The Vanguard Group, Inc.
93,937,042$82.7m0%no data
4.51%
Van Eck Associates Corporation
81,091,600$71.4m108.1%0.09%
3.33%
Mirae Asset Global Investments Co., Ltd
59,790,265$52.6m1.66%0.05%
2.75%
Levi Mochkin
49,485,600$43.5m0%no data
2.17%
Todd Hannigan
38,911,140$34.2m-47.84%no data
1.85%
Invesco Capital Management LLC
33,237,700$29.2m16.6%0.01%
1.73%
Geode Capital Management, LLC
31,007,800$27.3m111.69%no data
1.72%
Principal Global Investors, LLC
30,983,300$27.3m29.53%0.01%
1.6%
Merewether Investment Management LP
28,704,700$25.3m-17.85%1.97%
1.29%
Renaissance Technologies LLC
23,130,000$20.4m783.67%0.02%
1.2%
Ian Middlemas
21,500,000$18.9m0%no data
1.02%
Invesco Ltd.
18,280,500$16.1m19.81%no data
0.93%
Northern Trust Global Investments
16,733,200$14.7m337.38%no data
0.7%
Charles Schwab Investment Management, Inc.
12,614,100$11.1m58.74%no data
0.7%
DZ Bank AG, Asset Management Arm
12,542,600$11.0m0%0.1%
0.7%
Orn & Cie SA
12,542,600$11.0m0%3.95%
0.66%
Yaupon Capital Management LP
11,944,800$10.5m59.48%2.14%
0.62%
Morgan Stanley, Investment Banking and Brokerage Investments
11,103,200$9.8m-36.41%no data
0.6%
Keith Phillips
10,740,800$9.5m9.4%no data
0.59%
D. E. Shaw & Co., L.P.
10,556,000$9.3m35.28%0.01%
0.55%
Norges Bank Investment Management
9,859,800$8.7m0%no data
0.54%
Millennium Management LLC
9,657,000$8.5m15.82%0.01%
0.53%
Walleye Capital LLC
9,585,600$8.4m430.65%0.08%

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
  • Implied Market Cap: AU$1.599b
  • Shares outstanding: 1.80b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
PLLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
6S3ADB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
PLLT.LOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
PL4ADB (Deutsche Boerse AG)SPONSORED ADRDEEURNov 2017
PLLNasdaqCM (Nasdaq Capital Market)Ordinary SharesUSUSDMay 2021
6S3DB (Deutsche Boerse AG)Ordinary SharesDEEURMay 2021

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/05 00:00
End of Day Share Price2022/10/05 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.