Piedmont Lithium Inc.

Industrials
Mining & Quarrying of Nonmetallic Minerals (No Fuels)
www.piedmontlithium.com

Moat Score
Safety Score

Market Cap $234.42M
PE -6
Debt $2.71M
Cash $58.98M
EV $178.15M
FCF -$44.17M

Earnings

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Sales & Net Margins

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Earnings	-$39.44M
EBIT	-$28.83M
ROE	-13%
ROA	-8%
FCF	-$44.17M
Equity	$299.63M
Growth Stability	1
PE	-5.94
PB	0.78
P/FCF	-5.31
P/S	3.53
Price/Cash	0.25
Debt/Equity	0.01
Debt/FCF	-0.06
Net Margins	-139%
Gross Margins	11%
Op. Margins	-43%
Sales Growth QoQ	-1%
Sales CAGR	0%
Equity CAGR	103%
Earnings Growth YoY	25%

Earnings Growth QoQ	-44%
Sales CAGR 5Y	0%
Equity CAGR 5Y	102%
Earnings CAGR 3Y	3%
Sales CAGR 3Y	3%
Equity CAGR 3Y	24%
Market Cap	$234.42M
Revenue	$66.45M
Assets	$339.64M
Total Debt	$2.71M
Cash	$58.98M
Shares Outstanding	19.34M
EV	178.15M
Moat Score	3%
Safety Score	65%
Working Capital	47.68M
Current Ratio	2.32
Shares Growth 3y	9%
Equity Growth QoQ	-4%
Equity Growth YoY	-8%

Assets & ROA

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Stockholders Equity & ROE

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Piedmont Lithium Inc, formerly Piedmont Lithium Ltd is a lithium-based company focused on the development of its Piedmont Lithium Project located within the Carolina TinSpodumene Belt (''TSB'') and along trend to the Hallman Beam and Kings Mountain mines.

SEC Filings

Direct access to Piedmont Lithium Inc. (PLL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Piedmont Lithium Inc. compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Piedmont Lithium Inc. compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

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Piedmont Lithium Inc. Discounted Cash Flow

Fully customizable DCF calculator online for Piedmont Lithium Inc..

Years

Calculation mode

= -$442M

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$44M	-$44M	-$44M	-$44M	-$44M	-$44M	-$44M	-$44M	-$44M	-$44M	-$44M	-$442M
DCF		-$40M	-$37M	-$33M	-$30M	-$27M	-$25M	-$23M	-$21M	-$19M	-$17M	-$170M
Value	-$442M

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	06/2016	06/2017	06/2018	06/2019	06/2020	12/2022	12/2023	TTM
Net Margins	-	-	-	-	-	-	-55%	-139%
ROA	-	-	-	-	-	-3%	-5%	-8%
ROE	-	-	-	-214%	-25%	-5%	-7%	-13%

Bad Net Margins (-138.74%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	06/2016	06/2017	06/2018	06/2019	06/2020	12/2022	12/2023	TTM
Debt over FCF	-	-	-	-	-	-0.02	-0.01	-0.06
Debt over Equity	-	-	-	-	0.12	0	0	0.01
Growth Stability	-	-	-	-	-	-	-	1

Good Debt/FCF ratio (-0.06)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Good Debt/Equity ratio (0.01)

The company is not overleveraged and has a good balance between equity and debt.

Good Graham’s Stability (1)

The company has a good stability in its earnings, which is a sign of a good competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	06/2016	06/2017	06/2018	06/2019	06/2020	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-	-	-	-	-	-	0%
Earnings YoY growth	-	844%	277%	-1%	-40%	121%	68%	-
Equity YoY growth	-	-	-	-22%	418%	1K%	23%	102%
FCF YoY growth	-	-	-	-	-24%	642%	6%	-