PLS.AX Pilbara Minerals

Hard-rock lithium

Easing At least one of its supply chains is easing. (automatic: supply-chain trend + price vs 50-day average)

Lithium, Graphite & Cathodes · 34

Last close (delayed) · 2026-10-26

A$2.84

+8.40% today

−2.1%

−26.0%

−30.1%

YTD

−32.1%

−8.4%

Off 52w high

−57.5%

Market capA$8.45B≈ $5.95B

P/E (trailing)17.5Forward 12.0

EV / sales3.8×EV/EBITDA 7.0×

Revenue (TTM)A$1.93BGrowth 281.7% y/y

Margins51.9%gross · op 55.3%

Free cash flowA$800MCash A$2.29B · debt A$1.23B

Analyst targetA$4.54+59.9% upside · 18 analysts · buy

Riskβ 0.82Short — of float · yield 1.75%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

PLS.AX · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

0 events

No dated commentary yet for this stock.

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About Pilbara Minerals

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PLS Group Limited engages in the exploration, development, and operation of mineral resources in Australia. The company primarily explores for lithium. Its flagship projects is the 100% owned Pilgangoora project located in the Pilbara region of Western Australia. The company was formerly known as Pilbara Minerals Limited and changed its name to PLS Group Limited in November 2025. The company was incorporated in 2005 and is based in West Perth, Australia.

1,175 employees · West Perth, Australia

Lithium, Graphite & Cathodes

After the price bust, supply exceeds demand. Non-China graphite and processing remain the strategic gap.

Mine→Refine→Cathode / anode→Cell

What would prove us wrong. Strengthens if curtailments and storage demand rebalance the market.

Peers at the same bottleneck

Who else supplies this

Stock	Role	Last	1D	1M	YTD
ALB Albemarle	Largest lithium producer outside China	$94.27	+0.64%	−14.1%	−32.8%
SQM SQM	Lithium brine producer	$57.51	+0.65%	−14.0%	−13.8%
LAC Lithium Americas	Thacker Pass lithium project	$2.02	−2.17%	−26.4%	−53.6%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.