PIEDMONT LITHIUM INC (PLL)
Share Price Analysis and Chart

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PLL - PIEDMONT LITHIUM INC

FNArena Sector : New Battery Elements
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: -0.04
Index: ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$0.14

20 Dec
2024

0.000

OPEN

$0.14

0.000

HIGH

$0.14

2,292,843

LOW

$0.14

TARGET
$0.21 50.0% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
PLL: 1
Title FY22
Actual		 FY23
Actual		 FY24
Forecast		 FY25
Forecast
EPS (cps) xxx - 1.7 - 3.8 xxx
DPS (cps) xxx 0.0 0.0 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A N/A xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx N/A N/A 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
HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-1.7
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx60.0 M
Book Value Per Share xxxxxxxxxxxxxxx25.3
Net Operating Cash Flow xxxxxxxxxxxxxxx2.4 M
Net Profit Margin xxxxxxxxxxxxxxx-54.69 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-7.41 %
Return on Invested Capital xxxxxxxxxxxxxxx-7.38 %
Return on Assets xxxxxxxxxxxxxxx-6.67 %
Return on Equity xxxxxxxxxxxxxxx-7.41 %
Return on Total Capital xxxxxxxxxxxxxxx-13.39 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-83.1 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 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx1 M
Long Term Debt xxxxxxxxxxxxxxx2 M
Total Debt xxxxxxxxxxxxxxx2 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx106 M
Price To Book Value xxxxxxxxxxxxxxx1.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx99.6 M
Capex % of Sales xxxxxxxxxxxxxxx165.97 %
Cost of Goods Sold xxxxxxxxxxxxxxx55 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx65 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx216 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

1.0

No. Of Recommendations

1
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

09/12/2024

1

Upgrade to Outperform from Neutral

$0.21

50.00%

Macquarie upgrades Piedmont Lithium to Outperform from Neutral on valuation grounds. The target price remains unchanged at 21c.

Macquarie remains cautious on the short-term outlook for lithium and reduces the price forecast by -6% for 2025 for spodumene, which is -5% below consensus. Price forecasts are also lowered for 2026-2028 by -4%, -2%, and -3%, respectively.

Longer term, the broker retains a price estimate of US$1300/t.

Macquarie highlights increased spodumene production and shipments in 2025. Updated lithium price forecasts result in a decline in EPS estimates by -9% to -10% for FY25-FY28.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -3.80 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -2.80 cents.
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

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

Canaccord Genuity

17/10/2024

1

Speculative Buy

$0.35

150.00%

Canaccord Genuity reviews fundamentals for base metals and electric vehicle materials and updates forecasts for relevant stocks under research coverage.

The broker increases its near-term nickel and zinc price forecasts to US$7.71/lb and US$1.25/lb, respectively, and lowers the near-term cobalt price to US$12.50/lb, and to US$13.61/lb for both 2025 and 2026.

The near-term lithium price forecasts for spodumene and chemicals fall by -9% and -14%, respectively.

For Piedmont Lithium, the broker is expecting a $46m cash balance at upcoming 3Q results. 

The Speculative Buy rating and 35c target are maintained.
Access Extra Coverage Research History >

PLL STOCK CHART

FNArena News on PLL

1
Material Matters: Whitehaven, Evolution, Iluka, Santos & More

Dec 20 2024 - Commodities
2
Weekly Ratings, Targets, Forecast Changes – 13-12-24

Dec 16 2024 - Weekly Reports
3
Weekly Ratings, Targets, Forecast Changes – 22-11-24

Nov 25 2024 - Weekly Reports
4
Next Week At A Glance – 25-29 Nov 2024

Nov 22 2024 - Weekly Reports
5
Weekly Ratings, Targets, Forecast Changes – 18-10-24

Oct 21 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