Analyzing Piedmont Lithium (PLL) & The Competition

Piedmont Lithium (NASDAQ: PLL) is one of 26 public 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 analyst recommendations, dividends, valuation, risk, institutional ownership, profitability and earnings.

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%

Institutional and Insider Ownership

50.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held by institutional investors. 0.7% of Piedmont Lithium shares are held by insiders. Comparatively, 15.5% of shares of all “Mining & quarrying of nonmetallic minerals, except fuels” companies are held 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 and Earnings

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

Gross Revenue Net Income Price/Earnings Ratio
Piedmont Lithium N/A -$9.95 million -5.26
Piedmont Lithium Competitors $1.80 billion $230.45 million 20.58

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.

Analyst Ratings

This is a breakdown of current recommendations and price targets for Piedmont Lithium and its rivals, as provided by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Piedmont Lithium 0 0 0 0 N/A
Piedmont Lithium Competitors 310 965 1085 36 2.35

As a group, “Mining & quarrying of nonmetallic minerals, except fuels” companies have a potential upside of 6.83%. Given Piedmont Lithium’s rivals higher possible upside, analysts clearly believe Piedmont Lithium has less favorable growth aspects than its rivals.

Volatility & Risk

Piedmont Lithium has a beta of 1.66, indicating that its stock price is 66% more volatile than the S&P 500. Comparatively, Piedmont Lithium’s rivals have a beta of 1.13, indicating that their average stock price is 13% more volatile than the S&P 500.

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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