Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
It is not possible to calculate the future cash flow value for
Piedmont Lithium. This is due to cash flow or dividend data being
unavailable. The share price is
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.
The amount the stock market is willing to pay for
is considered below, and whether this is a fair price.
Price based on past earnings
Piedmont Lithium's earnings available for a low price, and how does
this compare to other companies in the same industry?
Piedmont Lithium is not considered high growth as it is expected to be loss making for the next 1-3 years.
Unable to determine if Piedmont Lithium is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.
Piedmont Lithium's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
Metals and Mining
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
has a total score of
0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Piedmont Lithium's finances.
The net worth of a company is the difference between its assets and liabilities.
Piedmont Lithium is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
Piedmont Lithium has no long term commitments.
This treemap shows a more detailed breakdown of
Piedmont Lithium's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Piedmont Lithium has no debt, it does not need to be covered by short term assets.
Nearly all companies have debt. Debt in itself isn’t
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.
The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.
Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.
TENURE AS CEO
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 Metals and Mining Investment Banking at Cowen Securities LLC, where he was responsible for its Metals & Mining investment banking effort globally. He joined Cowen Securities LLC in August 2008 from JP Morgan, where he headed the investment bank’s Metals & Mining practice. He previously ran the Metals & Mining investment banking groups at Bear Stearns & Co and Merrill Lynch. He has worked with numerous mining companies, including many established global leaders, such as Rio Tinto, Vale, Barrick Gold and Peabody Energy, successful growth companies such as Goldcorp, Yamana Gold, PanAmerican Silver and Royal Gold, as well exploration and development stage companies such as Silver Standard, Minefinders, NovaGold, Seabridge Gold, Gold Reserve and Noront Resources. He has dedicated most of the past decade in advising exploration and development-stage companies in achieving their strategic objectives, with a particular focus on obtaining relevance in the United States capital markets. Mr. Phillips has worked with over one hundred Metals & Mining companies during his 22-year Wall Street career. He is a trustee of the Montclair Kimberley Academy. He is a member of the Canadian Institute of Chartered Accountants. Mr. Phillips received his MBA from the University of Chicago and a Bachelor of Commerce from Laurentian University in Canada.
Insufficient data for Keith to compare compensation growth.
Keith's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the
management team in years:
The average tenure for the Piedmont Lithium management team is less than 2 years, this suggests a new team.
VP & General Counsel
VP & Chief Geologist
VP & Chief Process Engineer
VP & Project Manager
Board of Directors Tenure
Average tenure and age of the
board of directors in years:
The average tenure for the Piedmont Lithium board of directors is less than 3 years, this suggests a new board.
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 1,092 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.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.