Because valuations are more than just earnings for a particular year.
It's a pretty much derisked assets that is unlikely to require more debt or dilution, has in flight growth initiatives. It's the best placed when Lithium prices turn.
NPAT will be less than $750M but even if it was that applying 8x P/E would mean it was worth $6B, so $8B isn't far off is it?
Good News & Bad News, page-37349
Add PLS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.00 |
Change
-0.060(1.48%) |
Mkt cap ! $12.03B | |||
| Open | High | Low | Value | Volume |
| $4.04 | $4.07 | $4.00 | $49.50M | 12.31M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 83 | 802035 | $4.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.01 | 57179 | 3 |
View Market Depth
| Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$4.01 |
Change
-0.060 ( 1.40 %) |
||||
| Open | High | Low | Volume | ||
| $4.04 | $4.07 | $4.01 | 3681862 | ||
| Last updated 15.59pm 23/05/2024 ? | |||||
| PLS (ASX) Chart |