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$2.69 pilbara minerals limited

PLS SP value, page-18

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dfs1

6,876 Posts.

4159

24/10/21

14:42

Post #: 57029305
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Originally posted by SF@HC: ↑

Thanks Don93,

If working on a trailing 12 month PE, it looks horrendous, given they are only starting to recover from the past 2 or so years. Yes there are many examples of stocks with extreme PE's, Tesla immediately comes to mind, with current trailing PE of 290, typical of a tech coy.

So I guess we need to use Forward PE calculation as a guide, right or wrong. If NPAT comes in at $500 mill and SOI of 2.69 bill, at Friday's closing price of $2.09, we arrive at earnings of 16.89 cents per share, thus forward PE of 12.37. I understand the average PE for miners is about 8, however some aspects of producing SC6 is high tech (specialty chemical) and maybe PE's should sit higher than the general commodity coy's. Furthermore and given the trajectory of the demand profile over the decade, incentive pricing is required, thus they need to able to run hot until supply catches up with demand, and the sector matures

Same, I'm not sure if PE is the right measure for a company with multiple growth initiatives, and part of one of the hotest and evolving thematics globally. I say give them the space to breath and run for reasons stated. On that note, multiples of EBITA, say 20, just kidding,14 to 15 maybe apt.

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Can you go 17.5? That matches my charts a bit better.

PLS Price at posting: $2.09 Sentiment: None Disclosure: Held
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(20min delay)
Last $2.69		Change -0.100(3.58%)		Mkt cap ! $8.100B

Open	High	Low	Value	Volume
$2.76	$2.76	$2.64	$113.9M	42.48M

Buyers (Bids)

No.	Vol.	Price($)
22	171620	$2.68

Sellers (Offers)

Price($)	Vol.	No.
$2.69	87000	2

View Market Depth

No.	Vol.	Price($)
21	171247	2.680
15	628752	2.670
36	427060	2.660
77	288959	2.650
71	439642	2.640

Price($)	Vol.	No.
2.690	87000	2
2.700	49919	2
2.710	288424	9
2.720	700050	11
2.730	280742	3

Last trade - 16.10pm 16/10/2024 (20 minute delay)

PLS (ASX) Chart

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