PILBARA MINERALS LIMITED (PLS)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

PLS - PILBARA MINERALS LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.01
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.61

22 Nov
2024

-0.190

OPEN

$2.76

-6.79%

HIGH

$2.80

55,051,528

LOW

$2.60

TARGET
$2.82 8.0% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
A11 . A4N . AGY . ASN . AZL . BKT . BSX . CXO . DLI . EMN . GL1 . GLN . GT1 . INR . JRV . LEL . LKE . LLL . LPD . LTM . LTM . LTR . MNS . NMT . NVX . PLL . PSC . RNU . SRL . SYA . SYR . TLG . VR8 . VUL . WC8 . WIN . WR1 .
FNARENA'S MARKET CONSENSUS FORECASTS
PLS: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx 8.5 0.5 xxx
DPS (cps) xxx N/A 0.2 xxx
EPS Growth xxx - 89.3% - 93.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 483.3 xxx
Dividend Yield xxx N/A 0.1% xxx
Div Pay Ratio(%) xxx N/A 37.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx8.5
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx1,254.1 M
Book Value Per Share xxxxxxxxxxxxxxx107.8
Net Operating Cash Flow xxxxxxxxxxxxxxx-481.0 M
Net Profit Margin xxxxxxxxxxxxxxx20.48 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx7.74 %
Return on Invested Capital xxxxxxxxxxxxxxx6.94 %
Return on Assets xxxxxxxxxxxxxxx5.40 %
Return on Equity xxxxxxxxxxxxxxx7.74 %
Return on Total Capital xxxxxxxxxxxxxxx10.34 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-1,712.1 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx136 M
Long Term Debt xxxxxxxxxxxxxxx420 M
Total Debt xxxxxxxxxxxxxxx556 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,626 M
Price To Book Value xxxxxxxxxxxxxxx2.85

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx810.0 M
Capex % of Sales xxxxxxxxxxxxxxx64.59 %
Cost of Goods Sold xxxxxxxxxxxxxxx776 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx82 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx128 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

31/10/2024

1

Add

$3.25

24.52%

Morgans highlights a "strong" production report from Pilbara Minerals with costs above expectations for 1Q25.

Notably, management announced Ngungaju will be placed into care and maintenance to assist cash flows and balance sheet.

Morgans lowers forecast spodumene production by -13% and -24% in FY25/FY26 with Ngungaju assumed to remain in care and maintenance until the latter part of 2027. The broker also lowers cost estimates which broadly net off for earnings forecasts.

Target price falls to $3.25 from $3.30. Add rated. Pilbara Minerals remains the key pick in lithium.

FORECAST
Morgans forecasts a full year FY25 dividend of 0.00 cents and EPS of 1.00 cents.
Morgans forecasts a full year FY26 dividend of 2.40 cents and EPS of 14.00 cents.

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

3

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Canaccord Genuity

04/11/2024

1

Buy

$3.90

49.43%

In its September quarter update, Pilbara Minerals reported production of 220kt, with realised spodumene prices falling -19% to US$682/t.

Canaccord Genuity highlights unit costs rose by 3% to $606/t, while cash decreased -17% to $1.35bn.

To preserve its balance sheet, management paused its Calix ((CXL)) joint venture and will place the higher-cost Ngungaju plant into care and maintenance.

Management lowered FY25 production guidance to 700-740kt, with expected cash flow benefits of $200m from these cost-saving measures

No change to Buy rating and $3.90 target price.

FORECAST
Canaccord Genuity forecasts a full year FY25 dividend of 5.00 cents and EPS of 3.00 cents.
Canaccord Genuity forecasts a full year FY26 dividend of 5.00 cents and EPS of 9.00 cents.

Goldman Sachs

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Extra Coverage Research History >

PLS STOCK CHART

FNArena News on PLS

1
Australian Broker Call *Extra* Edition – Nov 06, 2024

Nov 06 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Nov 04, 2024

Nov 04 2024 - Daily Market Reports
3
Australian Broker Call *Extra* Edition – Nov 01, 2024

Nov 01 2024 - Daily Market Reports
4
Weekly Ratings, Targets, Forecast Changes – 25-10-24

Oct 28 2024 - Weekly Reports
5
Next Week At A Glance – 21-25 Oct 2024

Oct 18 2024 - Weekly Reports

Latest New Battery Elements News

1
In Brief: Lithium, Brazilian Rare Earths & Fineos

Oct 18 2024 - Weekly Reports
2
Patriot Battery Minerals: The Long Game

Jul 22 2024 - Commodities
3
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories
4
Australian Broker Call *Extra* Edition – Jul 01, 2024

Jul 01 2024 - Daily Market Reports
5
Treasure Chest: A Bottom For Lithium?

Feb 05 2024 - Treasure Chest
6
Tough Times For IGO

Feb 01 2024 - Australia
7
ESG Focus: The Little Big Things – 31-10-2023

Nov 01 2023 - ESG Focus
8
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
9
ESG Focus: Grid Battery Innovation Barrelling Down

Sep 07 2023 - ESG Focus
10
Allkem: On The Move

Sep 05 2023 - Technicals