Piedmont Lithium (PLL) vs. Its Peers Financial Analysis

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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 rivals? We will compare Piedmont Lithium to similar companies based on the strength of its risk, dividends, analyst recommendations, earnings, profitability, institutional ownership and valuation.

Institutional & Insider Ownership

50.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by institutional investors. 15.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Valuation & Earnings

This table compares Piedmont Lithium and its rivals top-line revenue, earnings per share (EPS) and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Piedmont Lithium N/A -$9.95 million -5.35
Piedmont Lithium Competitors $1.80 billion $230.45 million 18.91

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

Volatility & Risk

Piedmont Lithium has a beta of 1.67, meaning that its stock price is 67% more volatile than the S&P 500. Comparatively, Piedmont Lithium’s rivals have a beta of 1.13, meaning that their average stock price is 13% more volatile than the S&P 500.

Profitability

This table compares Piedmont Lithium and its rivals’ 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 14.09% 8.00% 14.31%

Analyst Ratings

This is a summary of current recommendations and price targets for Piedmont Lithium and its rivals, 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 310 963 1082 36 2.35

As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 7.98%. Given Piedmont Lithium’s rivals higher possible upside, analysts plainly believe Piedmont Lithium has less favorable growth aspects than its rivals.

Summary

Piedmont Lithium rivals beat Piedmont Lithium on 9 of the 10 factors compared.

Piedmont Lithium Company Profile

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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