Pilbara Minerals Limited

OTCPK:PILB.F Stock Report

Market Cap: US$5.1b

Pilbara Minerals Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: PILB.F ($1.71) is trading above our estimate of fair value ($0.39)

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

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PILB.F?

Key metric: As PILB.F is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for PILB.F. This is calculated by dividing PILB.F's market cap by their current earnings.
What is PILB.F's PE Ratio?
PE Ratio30.6x
EarningsAU$256.88m
Market CapAU$7.86b

Price to Earnings Ratio vs Peers

How does PILB.F's PE Ratio compare to its peers?

The above table shows the PE ratio for PILB.F vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average68.6x
MTRN Materion
32.7x27.4%US$2.4b
GSM Ferroglobe
21.2x49.4%US$858.6m
IDR Idaho Strategic Resources
24.2x30.3%US$161.9m
EUBG Entrepreneur Universe Bright Group
196.3xn/aUS$362.2m
PILB.F Pilbara Minerals
30.6x25.8%US$7.9b

Price-To-Earnings vs Peers: PILB.F is good value based on its Price-To-Earnings Ratio (30.6x) compared to the peer average (68.6x).

Price to Earnings Ratio vs Industry

How does PILB.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?

5 CompaniesPrice / EarningsEstimated GrowthMarket Cap
VITF.F Victoria Gold
2.1xn/aUS$23.43m
BMXI Brookmount Explorations
0.5xn/aUS$5.00m
RMRI Rocky Mountain Industrials
0.9xn/aUS$1.76m
ZCRM.F Zincore Metals
0.5xn/aUS$852.33k
PILB.F 30.6xIndustry Avg. 19.3xNo. of Companies6PE01224364860+
5 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PILB.F is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the US Metals and Mining industry average (19.3x).

Price to Earnings Ratio vs Fair Ratio

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

PILB.F PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio30.6x
Fair PE Ratio28.9x

Price-To-Earnings vs Fair Ratio: PILB.F is expensive based on its Price-To-Earnings Ratio (30.6x) compared to the estimated Fair Price-To-Earnings Ratio (28.9x).

Analyst Price Targets

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

The above table shows the analyst PILB.F forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentUS$1.71
US$2.01
+17.3%
14.2%US$2.60US$1.53n/a14
Nov ’25US$1.96
US$2.03
+3.8%
14.2%US$2.63US$1.55n/a14
Oct ’25US$2.25
US$2.15
-4.4%
17.1%US$2.73US$1.36n/a14
Sep ’25US$1.99
US$2.23
+11.9%
19.3%US$3.12US$1.49n/a15
Aug ’25US$1.94
US$2.13
+9.8%
18.2%US$3.01US$1.57n/a18
Jul ’25US$2.05
US$2.30
+12.0%
16.3%US$3.05US$1.66n/a18
Jun ’25US$2.52
US$2.49
-1.2%
14.5%US$3.03US$1.79n/a18
May ’25US$2.65
US$2.42
-8.9%
14.5%US$2.95US$1.73n/a18
Apr ’25US$2.49
US$2.45
-1.7%
14.3%US$3.00US$1.70n/a18
Mar ’25US$2.90
US$2.44
-15.9%
15.9%US$3.01US$1.64n/a18
Feb ’25US$2.27
US$2.44
+7.4%
14.6%US$3.02US$1.80n/a17
Jan ’25US$2.63
US$2.75
+4.4%
19.8%US$4.12US$1.92n/a18
Dec ’24US$2.45
US$2.95
+20.3%
23.1%US$4.74US$2.04n/a17
Nov ’24US$2.34
US$2.90
+23.9%
20.7%US$4.53US$2.01US$1.9617
Oct ’24US$2.79
US$3.24
+16.2%
18.1%US$4.56US$2.22US$2.2517
Sep ’24US$3.05
US$3.27
+7.4%
17.8%US$4.69US$2.25US$1.9917
Aug ’24US$3.18
US$3.42
+7.5%
18.7%US$4.86US$2.06US$1.9417
Jul ’24US$3.25
US$3.23
-0.6%
20.7%US$4.88US$2.01US$2.0517
Jun ’24US$2.93
US$2.99
+2.1%
24.1%US$5.06US$1.97US$2.5216
May ’24US$2.76
US$3.01
+8.9%
24.0%US$5.09US$1.99US$2.6516
Apr ’24US$2.66
US$3.31
+24.8%
22.3%US$5.15US$2.07US$2.4914
Mar ’24US$2.87
US$3.22
+12.3%
24.6%US$5.19US$2.03US$2.9014
Feb ’24US$3.50
US$3.37
-3.6%
23.5%US$5.27US$2.11US$2.2714
Jan ’24US$2.53
US$2.98
+17.7%
27.7%US$5.00US$1.73US$2.6314
Dec ’23US$3.20
US$3.14
-2.0%
29.5%US$5.12US$1.73US$2.4512
Nov ’23US$3.39
US$2.77
-18.3%
25.2%US$3.78US$1.67US$2.3410

Analyst Forecast: Target price is less than 20% higher than the current share price.

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