PILBARA MINERALS LIMITED (PLS)
Share Price Analysis and Chart

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PLS - PILBARA MINERALS LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.14
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$2.99

19 Jul
2024

0.010

OPEN

$2.93

0.34%

HIGH

$3.01

35,120,116

LOW

$2.89

TARGET
$3.336 11.6% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PLS: 1
Title FY22
Actual
FY23
Actual
FY24
Forecast
FY25
Forecast
EPS (cps) xxx 79.9 11.4 xxx
DPS (cps) xxx 25.0 0.0 xxx
EPS Growth xxx 100.0% - 85.7% xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 26.1 xxx
Dividend Yield xxx N/A 0.0% xxx
Div Pay Ratio(%) xxx 31.3% N/A xxx

Dividend yield today if purchased 3 years ago: 16.23%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

8.36

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 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx79.9
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx4,064.0 M
Book Value Per Share xxxxxxxxxxxxxxx113.1
Net Operating Cash Flow xxxxxxxxxxxxxxx3,425.8 M
Net Profit Margin xxxxxxxxxxxxxxx58.84 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx102.14 %
Return on Invested Capital xxxxxxxxxxxxxxx90.82 %
Return on Assets xxxxxxxxxxxxxxx66.63 %
Return on Equity xxxxxxxxxxxxxxx102.14 %
Return on Total Capital xxxxxxxxxxxxxxx117.92 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,710.4 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 xxxxxxxxxxxxxxx124 M
Long Term Debt xxxxxxxxxxxxxxx348 M
Total Debt xxxxxxxxxxxxxxx472 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx3,339 M
Price To Book Value xxxxxxxxxxxxxxx4.32

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx385.5 M
Capex % of Sales xxxxxxxxxxxxxxx9.49 %
Cost of Goods Sold xxxxxxxxxxxxxxx799 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx54 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx217 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

-0.4

No. Of Recommendations

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

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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UBS

28/06/2024

5

Sell

$2.60

(08/07/2024)

-13.04%

UBS believes lithium markets will remain "well-to-over supplied" and expect prices to remain lower for longer.

The broker has reduced lithium price forecasts by -10% and -7% for 2024 and 2025, respectively, alongside -4% in 2026 and -10% for 2027.

Compared to consensus UBS sits at -20% below market forecasts, and remains Underweight the sector with China/Africa supply additions and a lack of transparency in the market.

UBS retains a Sell rating and the target price drops to $2.50 from $2.70.

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgans

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

5

xxxxxxxxxxx

$xx.xx

xx.xx%

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EXPERT VIEWS
Display All Commentary

No. Of Recommendations

3
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Goldman Sachs

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Jarden

27/06/2024

1

Buy

$3.80

27.09%

The P2,000 expansion of existing Pilgangoora ore reserves will now progress to feasibilty study stage, notes Jarden.

Pilbara Minerals has noted the final investment decision (FID) in the December quarter of 2025 will be dependent upon market conditions at that time. The broker has included a conceptual P2000 in its valuation for Pilbara Minerals for some time. 

The target price falls to $3.80 from $4.10 after the analysts lower near-term earnings (EBITDA) forecasts on lower SC6 prices.

Given valuation support, the strategic value of 100% control of a Tier-1 operation, and a balance sheet capable of funding further growth, Jarden retains a Buy rating.

FORECAST
Jarden forecasts a full year FY24 dividend of 0.00 cents and EPS of 11.20 cents.
Jarden forecasts a full year FY25 dividend of 5.00 cents and EPS of 8.00 cents.

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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PLS STOCK CHART