PLS chart, page-16906

Uptrend
Beta > 1 combined with price rise. The Beta of the stock is 1.8.
Price/Moving Average Price of 1.13 and positive MACD:
The Price/MAP 200 for Pilbara Minerals is 1.13. Being higher than 1 is a bullish indicator. It is higher than the Price/MAP 200 for the
All Ordinaries Index of 1.04, a second bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of $A4.85 is
higher than the 200-day MAP of $A4.45, a third bullish indicator. The 200-day MAP has increased to $A4.45, a fourth bullish
indicator.
•
The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 4.97 minus
the 26-day EMA of 4.94 is positive, suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another
bullish signal.
•
Relative Strength (6 months) 74 percentile:
The stock has a 6-month relative strength of 74 in the Australian market of 1,581 stocks and 15 units indicating it has
outperformed 74% of the market


Other Bullish Signals
• Return on Equity of 43.5% versus sector average of 28.2% and market average of 13.9%.
• Total Liabilities/EBITDA of 0.9 is less than 5, this compares favourably with the Joseph Piotroski benchmark of 5.
• Return on Assets of 28.4% versus sector average of 15.8% and market average of 2.6%.
• Return on Capital Employed of 47.6% versus sector average of 23.2% and market average of 4.2%.
• Interest cover defined by EBIT/I is 14 times. This indicates it is less leveraged.
As per the Du Pont analysis, Return on Equity is high at 43.5%. This is computed as net profit margin of 47.2% times asset turnover
[sales/assets] of 0.6 times leverage factor [total assets/shareholders' equity] of 1.5.Also, this has improved from -9.0% last year.

Analysts report summary on Bell Direct
SELL 2
UNDER PERF O
HOLD 4
BUY 1
STRONG BUY 11