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PLS

Pilbara MineralsASX:PLS Stock Report

Market Cap

AU$6.3b

7D

-6.6%

1Y

568.8%

Updated

26 Sep, 2021

Data

Company Financials +
PLS fundamental analysis
Snowflake Score
Valuation0/6
Future Growth6/6
Past Performance0/6
Financial Health2/6
Dividends0/6

PLS Overview

Pilbara Minerals Limited explores for, develops, and operates mineral resources in Australia.

Pilbara Minerals Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Pilbara Minerals
Historical stock prices
Current Share PriceAU$2.14
52 Week HighAU$0.31
52 Week LowAU$2.53
Beta2.05
1 Month Change3.38%
3 Month Change48.61%
1 Year Change568.75%
3 Year Change137.78%
5 Year Change341.24%
Change since IPO13,275.00%

Recent News & Updates

Shareholder Returns

PLSAU Metals and MiningAU Market
7D-6.6%-2.8%-0.9%
1Y568.8%10.0%24.4%

Return vs Industry: PLS exceeded the Australian Metals and Mining industry which returned 10% over the past year.

Return vs Market: PLS exceeded the Australian Market which returned 24.4% over the past year.

Price Volatility

Is PLS's price volatile compared to industry and market?
PLS volatility
PLS Beta2.05
Industry Beta0.93
Market Beta1

Stable Share Price: PLS is not significantly more volatile than the rest of Australian stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: PLS's weekly volatility (10%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2005109Ken Brinsdenhttps://www.pilbaraminerals.com.au

Pilbara Minerals Limited explores for, develops, and operates mineral resources in Australia. The company primarily holds a 100% interest in the Pilgangoora lithium-tantalum project located in the Pilbara region of Western Australia. The company was incorporated in 2005 and is headquartered in West Perth, Australia.

Pilbara Minerals Fundamentals Summary

How do Pilbara Minerals's earnings and revenue compare to its market cap?
PLS fundamental statistics
Market CapAU$6.28b
Earnings (TTM)-AU$51.45m
Revenue (TTM)AU$175.82m

35.7x

P/S Ratio

-122.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PLS income statement (TTM)
RevenueAU$175.82m
Cost of RevenueAU$155.75m
Gross ProfitAU$20.07m
ExpensesAU$71.52m
Earnings-AU$51.45m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-0.018
Gross Margin11.41%
Net Profit Margin-29.26%
Debt/Equity Ratio24.6%

How did PLS perform over the long term?

See historical performance and comparison

Valuation

Is Pilbara Minerals undervalued compared to its fair value and its price relative to the market?

10.94x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PLS (A$2.14) is trading above our estimate of fair value (A$0.88)

Significantly Below Fair Value: PLS is trading above our estimate of fair value.


Price To Earnings Ratio

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

PE vs Market: PLS 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 PLS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PLS is overvalued based on its PB Ratio (10.9x) compared to the AU Metals and Mining industry average (2.6x).


Future Growth

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

55.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

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

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

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

Revenue vs Market: PLS's revenue (38.2% per year) is forecast to grow faster than the Australian market (5.3% per year).

High Growth Revenue: PLS's revenue (38.2% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PLS's Return on Equity is forecast to be high in 3 years time (27.7%)


Past Performance

How has Pilbara Minerals performed over the past 5 years?

-14.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PLS is currently unprofitable.

Growing Profit Margin: PLS is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PLS is unprofitable, and losses have increased over the past 5 years at a rate of 14.2% per year.

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

Earnings vs Industry: PLS is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (44.4%).


Return on Equity

High ROE: PLS has a negative Return on Equity (-8.96%), as it is currently unprofitable.


Financial Health

How is Pilbara Minerals's financial position?


Financial Position Analysis

Short Term Liabilities: PLS's short term assets (A$164.0M) do not cover its short term liabilities (A$170.0M).

Long Term Liabilities: PLS's short term assets (A$164.0M) do not cover its long term liabilities (A$205.5M).


Debt to Equity History and Analysis

Debt Level: PLS's debt to equity ratio (24.6%) is considered satisfactory.

Reducing Debt: PLS's debt to equity ratio has increased from 0% to 24.6% 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: PLS has sufficient cash runway for more than 3 years based on its current free cash flow.

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


Dividend

What is Pilbara Minerals's current dividend yield, its reliability and sustainability?

0.69%

Forecast Dividend Yield


Dividend Yield vs Market

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

High Dividend: Unable to evaluate PLS'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 PLS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PLS'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 PLS'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?

5.2yrs

Average management tenure


CEO

Ken Brinsden

5.67yrs

Tenure

AU$2,208,626

Compensation

Mr. Kenneth Edward Brinsden, also known as Ken, B.Eng (Mining), WASM, MAusIMM, MAICD, has been the Chief Executive Officer at Pilbara Minerals Limited since January 18, 2016 and has been its Managing Direc...


CEO Compensation Analysis

Compensation vs Market: Ken's total compensation ($USD1.60M) is about average for companies of similar size in the Australian market ($USD1.73M).

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


Leadership Team

Experienced Management: PLS's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: PLS's board of directors are considered experienced (5.2 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PLS insiders have only sold shares 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 31.8%.


Top Shareholders

Company Information

Pilbara Minerals Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Pilbara Minerals Limited
  • Ticker: PLS
  • Exchange: ASX
  • Founded: 2005
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$6.282b
  • Shares outstanding: 2.94b
  • Website: https://www.pilbaraminerals.com.au

Number of Employees


Location

  • Pilbara Minerals Limited
  • 88 Colin Street
  • Level 2
  • West Perth
  • Western Australia
  • 6005
  • Australia

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/26 08:06
End of Day Share Price2021/09/24 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.