PLS 1.33% $2.96 pilbara minerals limited

Min Res (NPAT from H1 2023 Results)EPS = NPAT / Shares on Issue=...

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    Min Res (NPAT from H1 2023 Results)
    EPS = NPAT / Shares on Issue
    = 390,000,000 / 191,212,161
    = $2.039
    (ASX Website says $1.847)

    PE = Price per Share/EPS
    = 84.91 / 1.847
    = 45.97
    (ASX Website says 46.01)

    PLS (NPAT from H1 2023 Results)
    EPS = NPAT / Shares on Issue
    = 1,240,000,000 / 2,998,008,235
    = $0.414
    (ASX Website says $0.555)

    PE = Price per Share/EPS
    = 4.53/0.555
    = 8.16
    (ASX Website says 8.06)

    For comparison of PE values:
    Min Res PE / PLS PE
    = 46.01 / 8.06
    = 5.7 (This means Min Res PE is a factor of 5.7 times more than PLS)

    If PLS had a PE Ratio equivalent to Min Res:
    $4.53 x 5.7 = $25.82

    From memory, the ASX has an average PE Ratio of 19. Even at a PE Ratio of 19, PLS shares could be valued at:
    19 / 8.06 = 2.35 times
    = $10.67



 
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