PIEDMONT LITHIUM INC (PLL)
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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

$0.16

25 Jul
2024

-0.005

OPEN

$0.17

-3.03%

HIGH

$0.17

209,407

LOW

$0.16

TARGET
$0.25 56.3% 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 - 2.6 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

12/07/2024

1

Outperform

$0.25

56.25%

Macquarie previews the upcoming quarterly production results for rare earths/mineral sands and small-cap lithium miners.

Piedmont Lithium is forecast to report revenue of US$22.6m for the June quarter, broadly in line with consensus estimates, however Macquarie expects EBITDA will come in -30% below the market forecasts due to the difference in reporting the NAL results.

The analyst is looking for a -$15m loss at NAL for 2Q2024, and EPS forecasts are adjusted by -5% for FY24.

Outperform rating and 25c target unchanged.

FORECAST
Macquarie forecasts a full year FY24 dividend of 0.00 cents and EPS of minus -2.60 cents.
Macquarie forecasts a full year FY25 dividend of 0.00 cents and EPS of minus -3.00 cents.
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

18/04/2024

1

Speculative Buy

$0.60

275.00%

Canaccord Genuity maintains a Speculative Buy rating on Piedmont Lithium, with a stable target price of $0.60. The broker highlights the issuance of a State Mining Permit in North Carolina as a key milestone, advancing the Piedmont Lithium Project.

This project, which is the only advanced hard rock lithium project in the US, has an estimated capex of -US$988m and cash costs of -US$6,235/t.

The company now progresses towards additional approvals, enhancing its potential for strategic partnerships and possible Department of Energy loan funding.

Financial forecasts remain unchanged following this development, with the broker expressing continued confidence in the project's progression.
Access Stockbroker Research History >

PLL STOCK CHART

FNArena News on PLL

1
Australian Broker Call *Extra* Edition – Apr 18, 2024

Apr 18 2024 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Mar 14, 2024

Mar 14 2024 - Daily Market Reports
3
Material Matters: Lithium, Iron Ore And Base Metals

Mar 11 2024 - Commodities
4
FNArena Corporate Results Monitor – 26-02-2024

Feb 26 2024 - Australia
5
Australian Broker Call *Extra* Edition – Jan 29, 2024

Jan 29 2024 - Daily Market Reports

Latest New Battery Elements News

1
Patriot Battery Minerals: The Long Game

Jul 22 2024 - Commodities
2
Awaiting The Next Lithium Upswing

Jul 17 2024 - Feature Stories
3
Australian Broker Call *Extra* Edition – Jul 01, 2024

Jul 01 2024 - Daily Market Reports
4
Treasure Chest: A Bottom For Lithium?

Feb 05 2024 - Treasure Chest
5
Tough Times For IGO

Feb 01 2024 - Australia
6
ESG Focus: The Little Big Things – 31-10-2023

Nov 01 2023 - ESG Focus
7
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
8
ESG Focus: Grid Battery Innovation Barrelling Down

Sep 07 2023 - ESG Focus
9
Allkem: On The Move

Sep 05 2023 - Technicals
10
The Short Report – 24 Aug 2023

Aug 24 2023 - Weekly Reports