Why not work on base case for valuation, as per PLS corp presentations for stage 2, expected average EBITA is AUD$382 mill.
Most Li miners are being valued at 10 to 15 x EBITA, lets use 12.5 x.
12.5 x $382 mill = $4.775 bill / 1.75 bill shares on issue = sp of AUD $2.73
Add POSCO JV, AUD $152 mill EBITA / 1.75 bill shares on issue = sp AUD $0.09.
Thus base case sp of $2.82.
Anyone here willing to hang arround for 2.5 to 3 years to derive another 212% gain on today's sp.
Lithium Demand surge, page-974
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Last
$2.93 |
Change
0.140(5.02%) |
Mkt cap ! $8.819B | |||
| Open | High | Low | Value | Volume |
| $2.82 | $2.93 | $2.77 | $65.23M | 22.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3424 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.94 | 170199 | 9 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |