PLS 2.60% $2.76 pilbara minerals limited

PLS chart, page-8681

  1. 51 Posts.
    lightbulb Created with Sketch. 8
    as happy as probably everyone else here looking at an analysis saying PLS could reach $15 per share, I have to point out some misleading assumptions used in that analysis

    PE is Share Price over Earnings Per Share, FMG, BHP, RIO are trading at a PE around 6.
    6 is a reasonable number, for a PE,  not for a EBITDA/MC ratio in that analysis

    with 1,000,000 tons production as 5,000 per ton, revenue is 5 billion, about 60% goes to the bottom line (this is from 2022 annual report numbers) earnings is 3 billion, PLS has about 3 billion shares, hence earnings per share is 1, with a share price of $15, this gives a PE of 15, I would never expect PLS to be traded at a PE of 15. letting alone anything higher.

    as much as I wanted to see a share price of $15, let's not get too much ahead of ourselves,
    maybe I should say i would love to see a share price of $15 per share, but not using those assumptions in that top-liked analysis

    this was what I had after the BMX pre-auction result

    https://hotcopper.com.au/threads/an...025488/page-120?post_id=64258576#.Y1CTAnZByUl
 
watchlist Created with Sketch. Add PLS (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.