PLS GROUP LIMITED (PLS)
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PLS

PLS - PLS GROUP LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 1.11
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

PLS Group is a global lithium producer with mining, processing and battery-materials interests and strategic partnerships.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.08

13 Oct
2026

-0.290

OPEN

$3.27

-8.61%

HIGH

$3.30

68,350,851

LOW

$3.01

TARGET
$4.821

-0.20 change from previous day

 56.5% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PLS: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 16.3 27.9 xxx
DPS (cps) xxx 5.0 1.8 xxx
EPS Growth xxx N/A 70.6% xxx
DPS Growth xxx N/A - 64.4% xxx
PE Ratio xxx N/A 11.4 xxx
Dividend Yield xxx N/A 0.6% xxx
Div Pay Ratio(%) xxx 30.6% 6.4% xxx

Dividend yield today if purchased 3 years ago: 1.20%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.58

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: 02/09 - ex-div 5.00c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202120222023202420252026
EPS Basic xxxxxxxxxxxxxxx16.3
DPS All xxxxxxxxxxxxxxx5.0
Sales/Revenue xxxxxxxxxxxxxxx1,938.6 M
Book Value Per Share xxxxxxxxxxxxxxx126.5
Net Operating Cash Flow xxxxxxxxxxxxxxx1,320.1 M
Net Profit Margin xxxxxxxxxxxxxxx27.12 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202120222023202420252026
Return on Capital Employed xxxxxxxxxxxxxxx13.82 %
Return on Invested Capital xxxxxxxxxxxxxxx11.27 %
Return on Assets xxxxxxxxxxxxxxx9.62 %
Return on Equity xxxxxxxxxxxxxxx13.82 %
Return on Total Capital xxxxxxxxxxxxxxx17.52 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx990.7 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 202120222023202420252026
Short-Term Debt xxxxxxxxxxxxxxx153 M
Long Term Debt xxxxxxxxxxxxxxx1,079 M
Total Debt xxxxxxxxxxxxxxx1,232 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx2,290 M
Price To Book Value xxxxxxxxxxxxxxx3.97

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202120222023202420252026
Capex xxxxxxxxxxxxxxx344.3 M
Capex % of Sales xxxxxxxxxxxxxxx17.76 %
Cost of Goods Sold xxxxxxxxxxxxxxx1,026 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx77 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx125 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

0.8

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

2

xxxxxxx xx xxxxxxxxxx xxxx xxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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UBS

09/10/2026

1

Upgrade to Buy from Neutral

$5.30

72.08%

UBS assesses electrification and AI, along with the Middle East conflict, are likely to continue driving commodity prices, yet there are divergent themes.

The broker is constructive on the fundamental outlook for copper and envisages thermal coal will lift in the next six months as northern winter restocking occurs. Limited downside risk is seen to iron ore, given the 10-year-plus lows on a FOB basis.

UBS is constructive on gold, with support from the debasement trade/diversification offsetting higher real rates and a stronger US dollar.

Nickel and aluminium are seen in surplus with lithium "broadly balanced". UBS upgrades PLS Group to Buy from Neutral and reduces the target to $5.30 from $5.60.

FORECAST
UBS forecasts a full year FY27 dividend of 1.00 cents and EPS of 26.00 cents.
UBS forecasts a full year FY28 dividend of 2.00 cents and EPS of 31.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

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

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

25/08/2026

4

Underweight

$3.10

0.65%

Jarden maintains its Underweight recommendation for PLS Group with an unchanged target price of $3.10 following FY26 earnings featuring underlying EBITDA of $1.14bn, which came in slightly below the broker's estimates but in line with consensus.

Underlying NPAT reached $564m, while reported NPAT tallied $526m.

The company took advantage of stronger lithium prices to reinvest in the business, add cash to the balance sheet with $2.3bn in cash holdings, and allocate approximately $161m to shareholder returns via a final dividend of $0.05 per share.

The broker's commentary indicates that cash flow generation was stronger than expected, assisted by a $74m tax refund and a working capital release.

The report highlights that management's bullish commentary points to resilient demand and positions the company to internally fund the expected P2,000 final investment decision.
Access Extra Coverage Research History >

PLS STOCK CHART

FNArena News on PLS

1
Rudi’s View: More Risk, Higher Yields & Early Signs

Oct 14 2026 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 09-10-26

Oct 12 2026 - Weekly Reports
3
Rudi’s View: Bravura, Capricorn Metals, Downer EDI, PLS, Symal & More

Oct 08 2026 - Rudi's View
4
Weekly Ratings, Targets, Forecast Changes – 02-10-26

Oct 05 2026 - Weekly Reports
5
Rudi’s View: Resources, Healthcare & Best Buys

Sep 03 2026 - Rudi's View

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