Tillkännagivande • Feb 02
PLS Group Limited to Report First Half, 2026 Results on Feb 19, 2026 PLS Group Limited announced that they will report first half, 2026 results on Feb 19, 2026 Tillkännagivande • Dec 22
PLS Group Limited to Report Q2, 2026 Results on Jan 30, 2026 PLS Group Limited announced that they will report Q2, 2026 results Pre-Market on Jan 30, 2026 Tillkännagivande • Sep 23
Pilbara Minerals Limited to Report Q1, 2026 Results on Oct 24, 2025 Pilbara Minerals Limited announced that they will report Q1, 2026 results on Oct 24, 2025 Tillkännagivande • Sep 15
Pilbara Minerals Limited, Annual General Meeting, Nov 25, 2025 Pilbara Minerals Limited, Annual General Meeting, Nov 25, 2025. Tillkännagivande • Aug 06
Pilbara Minerals Limited to Report Fiscal Year 2025 Results on Aug 25, 2025 Pilbara Minerals Limited announced that they will report fiscal year 2025 results on Aug 25, 2025 Tillkännagivande • Jul 01
Pilbara Minerals Limited to Report Q4, 2025 Results on Jul 30, 2025 Pilbara Minerals Limited announced that they will report Q4, 2025 results on Jul 30, 2025 Tillkännagivande • Apr 01
Pilbara Minerals Limited to Report Q3, 2025 Results on Apr 17, 2025 Pilbara Minerals Limited announced that they will report Q3, 2025 results on Apr 17, 2025 Tillkännagivande • Feb 10
Pilbara Minerals Limited to Report First Half, 2025 Results on Feb 20, 2025 Pilbara Minerals Limited announced that they will report first half, 2025 results on Feb 20, 2025 Tillkännagivande • Feb 05
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Latin Resources Limited (ASX:LRS). Pilbara Minerals Limited (ASX:PLS) entered into a binding Scheme Implementation Agreement to acquire Latin Resources Limited (ASX:LRS) for approximately AUD 560 million on August 15, 2024. Latin Resources shareholders will receive 0.07 new Pilbara Minerals shares for each Latin Resources share held and will own ~6.4% of Pilbara Minerals’ shares upon implementation of the Scheme. Based on Pilbara Minerals’ closing price of AUD 2.85 per share on 14 August 2024, the transaction implies a value of AUD 0.20 per Latin Resources share (Implied Offer Price). The Latin Resources Board has unanimously recommended the Scheme in the absence of a Superior Proposal emerging and subject to an independent expert concluding that the Scheme is in the best interests of Latin Resources shareholders. Latin Resources’ largest shareholder José Luis Manzano (7.9%) has confirmed his intention to vote his Latin Resources shares in favour of the Scheme. Latin Resources’ Managing Director, Chris Gale, has agreed to join Pilbara Minerals as a consultant for a period of 12 months to provide leadership continuity with key stakeholders, including the Latin Resources in-country team, senior government officials and local community representatives to progress key activities at Salinas. In case of termination of transaction, Pilbara Minerals Limited will pay a termination fee of AUD 6 million and seller will pay a termination fee of AUD 6 million. The transaction is subject to approval by regulatory board, approval of offer by target shareholders and subject to court approval. The Scheme Meeting is expected to be held in mid-November 2024 and, if approved by Latin Resources shareholders and the Court, the Scheme is expected to be implemented in late November / early December. As per the announcement dated January 16, 2025 Latin Resources Limited shareholders have approved the transaction. On January 21, 2025 the Supreme Court of Western Australia has approved the transaction. Barrenjoey Capital Partners acted as financial advisor for Pilbara Minerals Limited. As of January 22, 2025, the scheme has become legally effective.
Corrs Chambers Westgarth acted as legal advisor for Pilbara Minerals Limited. Macquarie Capital Limited acted as financial advisor for Latin Resources Limited. King & Wood Mallesons, Australia Branch acted as legal advisor for Latin Resources Limited. Computershare Investor Services Pty Limited acted as Registrar to Pilbara Minerals Limited. KPMG Australia acted as accountant to Pilbara Minerals Limited. Ernst & Young Services Pty Limited and Bentleys Audit and Corporate (WA) Pty Ltd acted as accountant to Latin Resources Limited. BDO Corporate Finance (SA) Pty Ltd acted as fairness opinion provider to Latin Resources Limited.
Pilbara Minerals Limited (ASX:PLS) completed the acquisition of Latin Resources Limited (ASX:LRS) on February 4, 2025. Under the scheme, Latin Resources will issue between 0.0020 and 0.0250 New shares per Latin Resources Option. Tillkännagivande • Jan 06
Pilbara Minerals Limited to Report First Half, 2025 Results on Jan 29, 2025 Pilbara Minerals Limited announced that they will report first half, 2025 results on Jan 29, 2025 Valuation Update With 7 Day Price Move • Sep 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €1.94, the stock trades at a forward P/E ratio of 71x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 78% over the past three years. Tillkännagivande • Sep 16
Pilbara Minerals Limited, Annual General Meeting, Nov 26, 2024 Pilbara Minerals Limited, Annual General Meeting, Nov 26, 2024. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €1.53, the stock trades at a forward P/E ratio of 58x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 25% over the past three years. Reported Earnings • Aug 26
Full year 2024 earnings released Full year 2024 results: Revenue: AU$1.25b (down 69% from FY 2023). Net income: AU$257.0m (down 89% from FY 2023). Profit margin: 21% (down from 59% in FY 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Metals and Mining industry in Europe. Tillkännagivande • Aug 15
Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS). Pilbara Minerals Limited (ASX:PLS) agreed to acquire Latin Resources Limited (ASX:LRS) on August 15, 2024. In case of termination of transaction, Pilbara Minerals Limited will pay a termination fee of AUD 6 million and seller will pay a termination fee of AUD 6 million.
The transaction is subject to approval by regulatory board / committee, approval of offer by target shareholders and subject to court approval.
Barrenjoey Capital Partners acted as financial advisor for Pilbara Minerals Limited. Corrs Chambers Westgarth acted as legal advisor for Pilbara Minerals Limited. Macquarie Capital Limited acted as financial advisor for Latin Resources Limited. King & Wood Mallesons, Australia Branch acted as legal advisor for Latin Resources Limited. Tillkännagivande • Aug 13
Pilbara Minerals Limited to Report Fiscal Year 2024 Results on Aug 26, 2024 Pilbara Minerals Limited announced that they will report fiscal year 2024 results on Aug 26, 2024 Tillkännagivande • Aug 07
Pilbara Minerals Limited Announces Executive Changes Pilbara Minerals Limited announced Mr. Vince De Carolis has resigned from the position of Chief Operating Officer (COO) and will step down from his duties as COO effective immediately. Mr. De Carolis joined Pilbara Minerals in November 2022 and has had oversight of Pilbara Minerals operations at Pilgangoora. The Company continues to move through a period of production growth and optimisation in accordance with its strategy. Mr. Brett McFadgen, Pilbara Minerals' current General Manager Operations since February 2023, will be promoted to the Executive Leadership Team in the role of Executive General Manager Operations, effective 12 August 2024. Tillkännagivande • Jul 10
Pilbara Minerals Limited to Report Q4, 2024 Results on Jul 24, 2024 Pilbara Minerals Limited announced that they will report Q4, 2024 results on Jul 24, 2024 Tillkännagivande • Apr 08
Pilbara Minerals Limited to Report Q3, 2024 Results on Apr 19, 2024 Pilbara Minerals Limited announced that they will report Q3, 2024 results on Apr 19, 2024 Buy Or Sell Opportunity • Mar 21
Now 25% overvalued after recent price rise Over the last 90 days, the stock has risen 1.7% to €2.41. The fair value is estimated to be €1.93, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 82% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are forecast to decline by 2.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to €2.51, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 280% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €2.00 per share. Buy Or Sell Opportunity • Feb 26
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 9.2% to €2.34. The fair value is estimated to be €1.90, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are forecast to decline by 2.1% per annum over the same time period. New Risk • Feb 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 1.6% per year for the foreseeable future. High level of non-cash earnings (67% accrual ratio). Minor Risk Share price has been volatile over the past 3 months (7.7% average weekly change). Reported Earnings • Feb 23
First half 2024 earnings released First half 2024 results: Revenue: AU$757.2m (down 65% from 1H 2023). Net income: AU$220.2m (down 82% from 1H 2023). Profit margin: 29% (down from 57% in 1H 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. New Risk • Feb 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 67% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (67% accrual ratio). Minor Risks Dividend is not well covered by cash flows (124% cash payout ratio). Share price has been volatile over the past 3 months (7.7% average weekly change). Buy Or Sell Opportunity • Feb 17
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 5.6% to €2.21. The fair value is estimated to be €1.75, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 24% per annum over the same time period. Tillkännagivande • Feb 06
Pilbara Minerals Limited to Report First Half, 2024 Results on Feb 22, 2024 Pilbara Minerals Limited announced that they will report first half, 2024 results on Feb 22, 2024 Buy Or Sell Opportunity • Jan 25
Now 29% overvalued Over the last 90 days, the stock has fallen 9.4% to €2.12. The fair value is estimated to be €1.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 11% per annum. Earnings are also forecast to decline by 23% per annum over the same time period. Buying Opportunity • Dec 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.2%. The fair value is estimated to be €3.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 9.1% per annum. Earnings is also forecast to decline by 22% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.47, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 399% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.78 per share. Tillkännagivande • Nov 08
Pilbara Minerals Limited Announces Executive Changes, Effective 24 November 2023 Pilbara Minerals Limited announced that senior executive Mr. Alex Eastwood has decided to step down as chief commercial and legal officer and company secretary, after more than seven years with the company, effective 24 November 2023. The decision reflects his wish to spend more time with his family and pursue personal interests following a lengthy and distinguished career in law, mining and corporate finance with ASX-listed mining companies. Mr. Eastwood joined Pilbara Minerals in July 2016 as one of the founding executives and has played an integral role in the company's success. Having orchestrated and led both the legal and commercial strategies for the company, Mr. Eastwood has been instrumental in stewarding the business through significant milestones. This has included project funding and financing initiatives, spodumene sales and offtake arrangements, introduction of the BMX platform, and joint ventures with POSCO and Calix. Effective immediately, Ms. Danielle Webber, Pilbara Minerals' current deputy company secretary will assume the role of joint company secretary, with the intention that Mr. Eastwood will step down from the role as company secretary, effective 24 November 2023. For the purpose of ASX Listing Rule 12.6, the company confirms that Ms. Webber will be the primary person responsible for communications between the company and the ASX, effective 24 November 2023. Pilbara Minerals has commenced a recruitment process with an executive search firm, Heidrick & Struggles, to source a suitably qualified executive. Mr. Eastwood will remain employed with the company in the interim to assist with an orderly transition. Tillkännagivande • Oct 17
Pilbara Minerals Limited to Report Q1, 2024 Results on Oct 26, 2023 Pilbara Minerals Limited announced that they will report Q1, 2024 results on Oct 26, 2023 Buying Opportunity • Sep 21
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be €3.02, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 109% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 6.8% per annum. Earnings is also forecast to decline by 24% per annum over the same time period. Upcoming Dividend • Aug 29
Upcoming dividend of AU$0.14 per share at 5.9% yield Eligible shareholders must have bought the stock before 05 September 2023. Payment date: 27 September 2023. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 5.9%. Within top quartile of German dividend payers (4.9%). Lower than average of industry peers (8.7%). Reported Earnings • Aug 25
Full year 2023 earnings released: EPS: AU$0.80 (vs AU$0.19 in FY 2022) Full year 2023 results: EPS: AU$0.80 (up from AU$0.19 in FY 2022). Revenue: AU$4.06b (up 242% from FY 2022). Net income: AU$2.39b (up 326% from FY 2022). Profit margin: 59% (up from 47% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has increased by 145% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Aug 19
Pilbara Minerals Limited, Annual General Meeting, Nov 23, 2023 Pilbara Minerals Limited, Annual General Meeting, Nov 23, 2023, at 14:00 W. Australia Standard Time. Tillkännagivande • Aug 09
Pilbara Minerals Limited to Report Fiscal Year 2023 Results on Aug 25, 2023 Pilbara Minerals Limited announced that they will report fiscal year 2023 results on Aug 25, 2023 Tillkännagivande • Jul 06
Pilbara Minerals Limited to Report Q4, 2023 Results on Jul 24, 2023 Pilbara Minerals Limited announced that they will report Q4, 2023 results After-Market on Jul 24, 2023 Buying Opportunity • May 24
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 6.6%. The fair value is estimated to be €3.57, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 118% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to decline by 10% per annum. Earnings is also forecast to decline by 17% per annum over the same time period. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.88, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 2,418% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.07 per share. Valuation Update With 7 Day Price Move • Apr 19
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €2.52, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 2,217% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.68 per share. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.49, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 8x in the Metals and Mining industry in Europe. Total returns to shareholders of 2,234% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.26 per share. Reported Earnings • Feb 24
First half 2023 earnings released: EPS: AU$0.42 (vs AU$0.039 in 1H 2022) First half 2023 results: EPS: AU$0.42 (up from AU$0.039 in 1H 2022). Revenue: AU$2.18b (up AU$1.89b from 1H 2022). Net income: AU$1.24b (up AU$1.13b from 1H 2022). Profit margin: 57% (up from 39% in 1H 2022). The increase in margin was driven by higher revenue. Revenue is forecast to decline by 16% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 137% per year but the company’s share price has increased by 172% per year, which means it is tracking significantly ahead of earnings growth. Tillkännagivande • Feb 16
Pilbara Minerals Limited Announces the Appointment Sandra Mcinnes as Chief Sustainability Officer Pilbara Minerals Limited announced the appointment of accomplished senior executive, Sandra McInnes, to the newly-created role of Chief Sustainability Officer (CSO). Sandra will be responsible for leading Pilbara Minerals' sustainability initiatives including implementing ongoing response to climate change and oversight of energy transition pathway. Also included within her portfolio are the business functions: Human Resources, Corporate Affairs, Land Access and Environment. With more than 20 years' experience, Sandra joins Pilbara Minerals following a distinguished career primarily at Woodside Energy where she has traversed several senior roles with oversight of: Sustainability, Corporate Affairs and Human Resources. In her previous role, as Vice President of Corporate Affairs, Ms McInnes had oversight of sustainability, ESG and reporting, human rights, stakeholder management, community relations, social contribution, cultural heritage and Indigenous affairs, government relations, communications and media. Ms McInnes will commence as Chief Sustainability Officer in late February 2023. Tillkännagivande • Feb 15
Pilbara Minerals Limited to Report First Half, 2023 Results on Feb 24, 2023 Pilbara Minerals Limited announced that they will report first half, 2023 results on Feb 24, 2023 Tillkännagivande • Jan 27
Pilbara Minerals Limited Announces the Appointment of John Stanning as Chief Development Officer Pilbara Minerals Limited announced the appointment of experienced senior resources and lithium sector corporate adviser, John Stanning, to the newly-created position of Chief Development Officer. As Chief Development Officer, John will oversee Pilbara Minerals' corporate development, growth and exploration functions. With more than 20 years' experience in the natural resources sector as an investment banker, including the last 17 years at Macquarie Capital where he co-headed the Perth team, John brings deep lithium sector relationships and a proven track record of assisting battery materials companies with corporate strategy including executing their growth and funding plans. He completed his first lithium sector transaction more than a decade ago and has advised on 15 announced transactions in the lithium sector, along with a significant number of additional transactions across the broader market. His appointment follows a comprehensive executive search process and is an important step for the Company's future growth strategy to extract greater value along the battery materials supply chain and to diversify revenue beyond Pilgangoora. Tillkännagivande • Jan 25
Pilbara Minerals Appoints Paul Laybourne to the Position of Project Director Pilbara Minerals (PLS) has appointed Paul Laybourne to the position of project director. As Project Director, Paul will be responsible for overseeing the execution and delivery of Pilbara Minerals' expansion pathway up to 1Mtpa at the Pilgangoora Project, as well as other key downstream growth programs to move the Company further down the global battery materials supply chain. Paul joins Pilbara Minerals following an extensive career in the resources industry, having delivered complex projects across all stages and phases, from studies to execution, in both brownfield and greenfield settings. He has over 30 years of project management experience, including 12 years of leadership in the mining industry delivering large- scale projects. He has held senior roles with Hancock Prospecting Group, Roy Hill, WSP and Turner & Townsend, working on both the owners' and contractors' side of project delivery. Most notably, Paul was one of the Directors who played a leading role in the delivery of the $10 billion Roy Hill Iron Ore Project in Western Australia, which at the time was the world's largest debt-funded resource project. Paul will commence as Project Director within the next three months. Valuation Update With 7 Day Price Move • Jan 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to €3.18, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 1,549% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €4.61 per share. Tillkännagivande • Jan 12
Pilbara Minerals Limited to Report Q2, 2023 Results on Jan 20, 2023 Pilbara Minerals Limited announced that they will report Q2, 2023 results on Jan 20, 2023 Buying Opportunity • Jan 11
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 24%. The fair value is estimated to be €3.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 104% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 5.1% per annum over the same time period. Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €2.50, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 6x in the Metals and Mining industry in Europe. Total returns to shareholders of 1,523% over the past three years. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment improved over the past week After last week's 16% share price gain to €3.54, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 1,861% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.42 per share. Recent Insider Transactions • Sep 14
Independent Non-Executive Chairman recently bought €211k worth of stock On the 12th of September, Anthony Kiernan bought around 70k shares on-market at roughly €3.03 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Anthony has been a net seller over the last 12 months, reducing personal holdings by €27k. Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment improved over the past week After last week's 19% share price gain to €2.94, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 1,377% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.59 per share. Reported Earnings • Aug 24
Full year 2022 earnings released: EPS: AU$0.19 (vs AU$0.02 loss in FY 2021) Full year 2022 results: EPS: AU$0.19 (up from AU$0.02 loss in FY 2021). Revenue: AU$1.19b (up AU$1.01b from FY 2021). Net income: AU$561.8m (up AU$613.3m from FY 2021). Profit margin: 47% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 163%, compared to a 4.4% growth forecast for the Metals and Mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has increased by 121% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment deteriorated over the past week After last week's 18% share price decline to €1.34, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 5x in the Metals and Mining industry in Europe. Total returns to shareholders of 351% over the past three years. Recent Insider Transactions • Mar 10
Non-Executive Director recently bought €67k worth of stock On the 2nd of March, Miriam Stanborough bought around 37k shares on-market at roughly €1.84 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold €4.1m more in shares than they bought in the last 12 months. Reported Earnings • Feb 24
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: AU$0.039 (up from AU$0.009 loss in 1H 2021). Revenue: AU$291.7m (up 394% from 1H 2021). Net income: AU$114.0m (up AU$135.2m from 1H 2021). Profit margin: 39% (up from net loss in 1H 2021). Revenue missed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 285%, compared to a 13% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 01
MD, CEO & Director recently sold €265k worth of stock On the 24th of December, Kenneth Brinsden sold around 148k shares on-market at roughly €1.79 per share. This was the largest sale by an insider in the last 3 months. Kenneth has been a seller over the last 12 months, reducing personal holdings by €3.9m. Breakeven Date Change • Sep 23
Forecast to breakeven in 2022 The 6 analysts covering Pilbara Minerals expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$217.3m in 2022. Earnings growth of 55% is required to achieve expected profit on schedule. Reported Earnings • Aug 27
Full year 2021 earnings released: AU$0.02 loss per share (vs AU$0.047 loss in FY 2020) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2021 results: Revenue: AU$175.8m (up 109% from FY 2020). Net loss: AU$51.4m (loss narrowed 48% from FY 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 37% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 04
MD, CEO & Director recently sold €3.6m worth of stock On the 30th of June, Kenneth Brinsden sold around 4m shares on-market at roughly €0.90 per share. This was the largest sale by an insider in the last 3 months. Kenneth has been a seller over the last 12 months, reducing personal holdings by €3.9m. Reported Earnings • Feb 21
First half 2021 earnings released: AU$0.009 loss per share (vs AU$0.031 loss in 1H 2020) The company reported a solid first half result with reduced losses, improved revenues and improved control over expenses. First half 2021 results: Revenue: AU$59.1m (up 56% from 1H 2020). Net loss: AU$21.2m (loss narrowed 67% from 1H 2020). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 21
New 90-day high: €0.77 The company is up 223% from its price of €0.24 on 23 October 2020. The German market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 54% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.16 per share. Is New 90 Day High Low • Jan 06
New 90-day high: €0.58 The company is up 165% from its price of €0.22 on 08 October 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 44% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.19 per share. Is New 90 Day High Low • Dec 22
New 90-day high: €0.54 The company is up 162% from its price of €0.21 on 23 September 2020. The German market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 36% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.25 per share. Is New 90 Day High Low • Dec 04
New 90-day high: €0.47 The company is up 128% from its price of €0.20 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.22 per share. Recent Insider Transactions • Nov 28
MD, CEO & Director recently sold €258k worth of stock On the 24th of November, Kenneth Brinsden sold around 600k shares on-market at roughly €0.43 per share. This was the largest sale by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months. Is New 90 Day High Low • Nov 14
New 90-day high: €0.32 The company is up 50% from its price of €0.21 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €0.25 per share. Is New 90 Day High Low • Oct 30
New 90-day high: €0.25 The company is up 16% from its price of €0.22 on 31 July 2020. The German market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €1.85 per share. 
