NasdaqCM:PLL

Stock Analysis Report

Executive Summary

Piedmont Lithium Limited engages in the exploration and development of mineral properties in the United States.


Snowflake Analysis

Moderate growth potential with mediocre balance sheet.

Share Price & News

How has Piedmont Lithium's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PLL has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

27.7%

PLL

0.4%

US Metals and Mining

5.3%

US Market


1 Year Return

-33.0%

PLL

-27.9%

US Metals and Mining

-10.7%

US Market

Return vs Industry: PLL underperformed the US Metals and Mining industry which returned -28.5% over the past year.

Return vs Market: PLL underperformed the US Market which returned -10.4% over the past year.


Shareholder returns

PLLIndustryMarket
7 Day27.7%0.4%5.3%
30 Day-26.8%-17.2%-13.6%
90 Day-33.5%-31.3%-19.8%
1 Year-33.0%-33.0%-25.8%-27.9%-8.9%-10.7%
3 Yearn/a-23.6%-28.0%15.5%8.0%
5 Yearn/a-2.6%-10.6%35.2%20.4%

Price Volatility Vs. Market

How volatile is Piedmont Lithium's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

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

2.35x

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 Metals and Mining industry average.

PE vs Market: PLL is unprofitable, so we can't compare its PE Ratio to the US 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 (2.4x) compared to the US Metals and Mining industry average (1.1x).


Next Steps

Future Growth

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

103.2%

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 (1.7%).

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: Insufficient data to determine if PLL's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if PLL's revenue 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


Next Steps

Past Performance

How has Piedmont Lithium performed over the past 5 years?

-51.2%

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 -51.2% 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 (-26.9%).


Return on Equity

High ROE: PLL has a negative Return on Equity (-62.07%), as it is currently unprofitable.


Next Steps

Financial Health

How is Piedmont Lithium's financial position?


Financial Position Analysis

Short Term Liabilities: PLL's short term assets ($11.5M) exceed its short term liabilities ($883.4K).

Long Term Liabilities: PLL's short term assets ($11.5M) exceed its long term liabilities ($739.1K).


Debt to Equity History and Analysis

Debt Level: PLL's debt to equity ratio (5.7%) 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

Inventory Level: PLL has a high level of physical assets or inventory.

Debt Coverage by Assets: PLL's debt is covered by short term assets (assets are 13.4x debt).


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 less than a year of cash runway 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.


Next Steps

Dividend

What is Piedmont Lithium's 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 payouts.

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


Next Steps

Management

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

2.2yrs

Average management tenure


CEO

Keith Phillips (59yo)

2.67s

Tenure

US$628,297

Compensation

Mr. Keith D. Phillips has been Chief Executive Officer, President Managing Director, and Director at Piedmont Lithium Ltd. since July 10, 2017. Mr. Phillips served as Managing Director and Global Head of M ...


CEO Compensation Analysis

Compensation vs Market: Keith's total compensation ($USD628.30K) is about average for companies of similar size in the US market ($USD602.37K).

Compensation vs Earnings: Keith's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Keith Phillips
MD, CEO2.67yrsUS$628.30k0.26% $93.1k
Gregory Swan
CFO & Company Secretaryno dataUS$4.40kno data
Bruce Czachor
VP & General Counsel2.17yrsUS$161.17kno data
David Buckley
VP & Chief Process Engineer2.17yrsUS$235.57k0.036% $12.9k

2.2yrs

Average Tenure

58yo

Average Age

Experienced Management: PLL's management team is considered experienced (2.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Keith Phillips
MD, CEO2.67yrsUS$628.30k0.26% $93.1k
Levi Mochkin
Non-Executive Director13.83yrsUS$125.04k6.37% $2.3m
Ian Middlemas
Non-Executive Chairman10.42yrsUS$25.76k2.66% $944.6k
Jorge Beristain
Non-Executive Director1.83yrsUS$54.11k0.30% $107.8k
Anastasios Arima
Non-Executive Director3.42yrsUS$250.32k0.35% $125.3k
Jeffrey Armstrong
Non Executive Director1.58yrsUS$71.15k0.091% $32.3k

3.0yrs

Average Tenure

54.5yo

Average Age

Experienced Board: PLL's board of directors are considered experienced (3 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: PLL 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 27.5%.


Top Shareholders

Company Information

Piedmont Lithium Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Piedmont Lithium Limited
  • Ticker: PLL
  • Exchange: NasdaqCM
  • Founded:
  • Industry: Diversified Metals and Mining
  • Sector: Materials
  • Market Cap: AU$57.702m
  • Listing Market Cap: AU$35.542m
  • Shares outstanding: 824.32m
  • Website: https://www.piedmontlithium.com

Number of Employees


Location

  • Piedmont Lithium Limited
  • BGC Centre
  • Level 9
  • Perth
  • Western Australia
  • 6000
  • Australia

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PLLASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
PLLCHIA (Chi-X Australia)YesOrdinary SharesAUAUDJan 1992
PL4DB (Deutsche Boerse AG)YesOrdinary SharesDEEURJan 1992
PFPASX (Australian Securities Exchange)YesOrdinary SharesAUAUDJan 1992
PDDT.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJan 1992
PLLNasdaqCM (Nasdaq Capital Market)SPONSORED ADRUSUSDNov 2017

Biography

Piedmont Lithium Limited engages in the exploration and development of mineral properties in the United States. It primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 1,104 acres in the Carolina Lithium Belt, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017. Piedmont Lithium Limited is based in Perth, Australia. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 03:43
End of Day Share Price2020/03/30 00:00
Earnings2019/12/30
Annual Earnings2019/06/30


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.