One of the analyst I follow states lithium miners should be valued on mupliples of EBITA, and not on NAV multiples. He says projects get acquired at 10 - 15 x EBITDA multiples.
If we assume EBITDA multiple is 12.5 | Assume spod price of US$800 pt | Assume opex of US$225 pt, these are the numbers I get when I value PLS stage 1 and 2;
Stage 1
350,000 tonnes x US$800 - US$225 = $201,250,000 EBITA
12.5 x $$201,250,000 = valuation of $2.516 bill
Valuation of $2.516 bill / number shares on issue 1.73 bill = sp of $1.45
Stage 2 (getting ahead of myself)
840,000 tonnes x US$800 - US$225 = $483,000,000 EBITA
12.5 x US$483,000,000 = valuation of US$6.038 bill
Valuation of $6.038 bill / number shares on issue 1.73 bill = sp of $3.49
Converting the above numbers to AUD, completly blows the dog off the chain. Am I missing anything here?
- Forums
- ASX - By Stock
- PLS
- Lithium Demand surge
Lithium Demand surge, page-180
-
- There are more pages in this discussion • 2,555 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PLS (ASX) to my watchlist
|
|||||
Last
$3.00 |
Change
-0.050(1.64%) |
Mkt cap ! $9.029B |
Open | High | Low | Value | Volume |
$3.03 | $3.06 | $3.00 | $41.07M | 13.59M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
97 | 622937 | $3.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.01 | 580 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
94 | 380220 | 3.000 |
24 | 421163 | 2.990 |
46 | 357854 | 2.980 |
22 | 88948 | 2.970 |
16 | 50487 | 2.960 |
Price($) | Vol. | No. |
---|---|---|
3.010 | 580 | 1 |
3.020 | 6105 | 3 |
3.030 | 456789 | 10 |
3.040 | 284123 | 11 |
3.050 | 264397 | 18 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
Featured News
PLS (ASX) Chart |