According to Commsec, earnings are expected to fall in FY24 and then in FY25. This would put the current Pilbara Minerals share price at 7x FY25’s estimated earnings. I think there is a bit of leeway for the ASX lithium share to rise in the double-digits and still be at a fair valuation.
Good News & Bad News, page-26258
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Last
$2.67 |
Change
-0.010(0.37%) |
Mkt cap ! $8.040B | |||
| Open | High | Low | Value | Volume |
| $2.64 | $2.72 | $2.63 | $51.42M | 18.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 28879 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 287620 | 11 |
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| PLS (ASX) Chart |