Piedmont Lithium (PLL) vs. Its Rivals Financial Analysis

Piedmont Lithium (NASDAQ: PLL) is one of 26 publicly-traded companies in the “Mining & quarrying of nonmetallic minerals, except fuels” industry, but how does it compare to its peers? We will compare Piedmont Lithium to related companies based on the strength of its risk, institutional ownership, valuation, earnings, dividends, profitability and analyst recommendations.

Profitability

This table compares Piedmont Lithium and its peers’ net margins, return on equity and return on assets.

Net Margins Return on Equity Return on Assets
Piedmont Lithium N/A N/A N/A
Piedmont Lithium Competitors 10.18% 7.23% 12.38%

Institutional and Insider Ownership

0.0% of Piedmont Lithium shares are owned by institutional investors. Comparatively, 41.8% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 0.7% of Piedmont Lithium shares are owned by insiders. Comparatively, 15.4% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock is poised for long-term growth.

Analyst Ratings

This is a breakdown of current ratings and price targets for Piedmont Lithium and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Piedmont Lithium 0 0 0 0 N/A
Piedmont Lithium Competitors 317 977 1100 37 2.35

As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 7.13%. Given Piedmont Lithium’s peers higher probable upside, analysts clearly believe Piedmont Lithium has less favorable growth aspects than its peers.

Volatility and Risk

Piedmont Lithium has a beta of 1.62, meaning that its stock price is 62% more volatile than the S&P 500. Comparatively, Piedmont Lithium’s peers have a beta of 1.11, meaning that their average stock price is 11% more volatile than the S&P 500.

Earnings & Valuation

This table compares Piedmont Lithium and its peers gross revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Piedmont Lithium N/A -$9.95 million -4.74
Piedmont Lithium Competitors $1.80 billion $230.45 million 20.51

Piedmont Lithium’s peers have higher revenue and earnings than Piedmont Lithium. Piedmont Lithium is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Summary

Piedmont Lithium peers beat Piedmont Lithium on 8 of the 9 factors compared.

About Piedmont Lithium

Piedmont Lithium Limited engages in the exploration and development of mineral properties in the United States. It primarily holds a 100% interest in the Piedmont lithium project covering a landholding of 1,092 acres in the Carolina Lithium Belt, North Carolina. The company was formerly known as WCP Resources Limited and changed its name to Piedmont Lithium Limited in August 2017. Piedmont Lithium Limited is based in Perth, Australia.

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