Piedmont Lithium Ltd Stock Beta
| PLL Stock | USD 12.35 0.06 0.49% |
Piedmont Lithium Ltd fundamentals help investors to digest information that contributes to Piedmont Lithium's financial success or failures. It also enables traders to predict the movement of Piedmont Stock. The fundamental analysis module provides a way to measure Piedmont Lithium's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Piedmont Lithium stock.
Piedmont | Beta |
Piedmont Lithium Ltd Company Beta Analysis
Piedmont Lithium's Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
Current Piedmont Lithium Beta | 0.31 |
Most of Piedmont Lithium's fundamental indicators, such as Beta, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Piedmont Lithium Ltd is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Piedmont Beta Driver Correlations
Understanding the fundamental principles of building solid financial models for Piedmont Lithium is extremely important. It helps to project a fair market value of Piedmont Stock properly, considering its historical fundamentals such as Beta. Since Piedmont Lithium's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Piedmont Lithium's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Piedmont Lithium's interrelated accounts and indicators.
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In a nutshell, Beta is a measure of individual stock risk relative to the overall volatility of the stock market. and is calculated based on very sound finance theory - Capital Assets Pricing Model (CAPM).However, since Beta is calculated based on historical price movements it may not predict how a firm's stock is going to perform in the future.
| Competition |
In accordance with the recently published financial statements, Piedmont Lithium Ltd has a Beta of 0.313. This is 64.02% lower than that of the Metals & Mining sector and significantly higher than that of the Materials industry. The beta for all United States stocks is notably lower than that of the firm.
Piedmont Beta Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Piedmont Lithium's direct or indirect competition against its Beta to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Piedmont Lithium could also be used in its relative valuation, which is a method of valuing Piedmont Lithium by comparing valuation metrics of similar companies.Piedmont Lithium is currently under evaluation in beta category among its peers.
Piedmont Lithium ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Piedmont Lithium's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Piedmont Lithium's managers, analysts, and investors.Environmental | Governance | Social |
Piedmont Lithium Institutional Holders
Institutional Holdings refers to the ownership stake in Piedmont Lithium that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Piedmont Lithium's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Piedmont Lithium's value.| Shares | Hite Hedge Asset Management Mlp | 2024-09-30 | 153 K | Northern Trust Corp | 2024-09-30 | 151.7 K | Goldman Sachs Group Inc | 2024-06-30 | 147.2 K | Point72 Asset Management, L.p. | 2024-09-30 | 104.2 K | Marshall Wace Asset Management Ltd | 2024-06-30 | 87.6 K | Bank Of New York Mellon Corp | 2024-06-30 | 82.8 K | Bank Of America Corp | 2024-06-30 | 74.2 K | Principal Financial Group Inc | 2024-09-30 | 62.5 K | Lpl Financial Corp | 2024-09-30 | 60.2 K | Blackrock Inc | 2024-06-30 | 1.4 M | Vanguard Group Inc | 2024-09-30 | 1.1 M |
As returns on the market increase, Piedmont Lithium's returns are expected to increase less than the market. However, during the bear market, the loss of holding Piedmont Lithium is expected to be smaller as well.
Piedmont Fundamentals
| Return On Equity | -0.25 | |||
| Return On Asset | -0.0905 | |||
| Profit Margin | (1.68) % | |||
| Operating Margin | (0.25) % | |||
| Current Valuation | 194.95 M | |||
| Shares Outstanding | 19.44 M | |||
| Shares Owned By Insiders | 7.91 % | |||
| Shares Owned By Institutions | 41.02 % | |||
| Number Of Shares Shorted | 3.59 M | |||
| Price To Earning | 35.62 X | |||
| Price To Book | 0.84 X | |||
| Price To Sales | 5.11 X | |||
| Revenue | 39.82 M | |||
| EBITDA | (52.26 M) | |||
| Net Income | (21.78 M) | |||
| Cash And Equivalents | 139.52 M | |||
| Cash Per Share | 0.08 X | |||
| Total Debt | 149 K | |||
| Debt To Equity | 0 % | |||
| Current Ratio | 23.38 X | |||
| Book Value Per Share | 0.15 X | |||
| Cash Flow From Operations | 1.57 M | |||
| Short Ratio | 3.84 X | |||
| Earnings Per Share | (4.10) X | |||
| Target Price | 27.57 | |||
| Number Of Employees | 63 | |||
| Beta | 0.31 | |||
| Market Capitalization | 240.05 M | |||
| Total Asset | 381.25 M | |||
| Retained Earnings | (126.84 M) | |||
| Working Capital | 34.79 M | |||
| Current Asset | 2.14 B | |||
| Current Liabilities | 1.1 B | |||
| Net Asset | 381.25 M |
About Piedmont Lithium Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Piedmont Lithium Ltd's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Piedmont Lithium using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Piedmont Lithium Ltd based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Piedmont Lithium. If investors know Piedmont will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Piedmont Lithium listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.293 | Earnings Share (4.10) | Revenue Per Share 0.024 | Quarterly Revenue Growth (0.41) | Return On Assets (0.09) |
The market value of Piedmont Lithium is measured differently than its book value, which is the value of Piedmont that is recorded on the company's balance sheet. Investors also form their own opinion of Piedmont Lithium's value that differs from its market value or its book value, called intrinsic value, which is Piedmont Lithium's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Piedmont Lithium's market value can be influenced by many factors that don't directly affect Piedmont Lithium's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Piedmont Lithium's value and its price as these two are different measures arrived at by different means. Investors typically determine if Piedmont Lithium is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Piedmont Lithium's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.