Pilbara Minerals Limited

ASX:PLS

Pilbara Minerals Limited

ASX:PLS
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$2.61 (-6.8%)
Last close price
#126
Rank
13
Held by
27
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Company Report
Last edited 9 months ago
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Performance (78m)
17.9% pa
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#H1 FY2024 RESULTS
stale
Rapstar
Added 9 months ago
View author's company report

Key takeaways:

Revenue: $757 M (down 65% on PCP)

Profit: $213 M (down 82% on PCP)

EPS: 7.25 cents (down 82% on PCP)

Trading on forward PER of around 25......................

Current share price includes a premium for a recovery in Spodumene prices........


#2023 Q3 Report
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Rapstar
Added one year ago
View author's company report

Production relatively flat @ 144.2 kT

Sales up 6%

Revenue down 42% on prior quarter, as Lithium Hydroxide prices collapse.

Realised price per Tonne down 31% on prior quarter.

Looks to be trading on a forward PER of 15, assuming they maintain current realised price. The problem is Spodumene prices have fallen a further 20% over the past month.

IMO, there appears to be more downside than upside at present.