Piedmont Lithium Price To Earning vs. Return On Asset
| PLL Stock | USD 13.49 0.14 1.05% |
| Current Value | Last Year | Change From Last Year | 10 Year Trend | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Gross Profit Margin | 0.51 | 0.49 |
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For Piedmont Lithium profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Piedmont Lithium to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Piedmont Lithium Ltd utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Piedmont Lithium's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Piedmont Lithium Ltd over time as well as its relative position and ranking within its peers.
Piedmont |
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 (2.03) | Revenue Per Share 0.034 | Return On Assets (0.06) | Return On Equity (0.13) |
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.
Piedmont Lithium Return On Asset vs. Price To Earning Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Piedmont Lithium's current stock value. Our valuation model uses many indicators to compare Piedmont Lithium value to that of its competitors to determine the firm's financial worth. Piedmont Lithium Ltd is considered to be number one stock in price to earning category among its peers. It is rated below average in return on asset category among its peers . The value of Return On Assets is estimated to slide to -0.05. Comparative valuation analysis is a catch-all technique that is used if you cannot value Piedmont Lithium by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Piedmont Return On Asset vs. Price To Earning
Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Piedmont Lithium |
| = | 35.62 X |
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.
Piedmont Lithium |
| = | -0.0616 |
Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Piedmont Return On Asset Comparison
Piedmont Lithium is currently under evaluation in return on asset category among its peers.
Piedmont Lithium Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Piedmont Lithium, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Piedmont Lithium will eventually generate negative long term returns. The profitability progress is the general direction of Piedmont Lithium's change in net profit over the period of time. It can combine multiple indicators of Piedmont Lithium, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -4.8 M | -4.5 M | |
| Operating Income | -39.6 M | -37.6 M | |
| Income Before Tax | -18.7 M | -17.7 M | |
| Total Other Income Expense Net | 17.1 M | 17.9 M | |
| Net Loss | -21.8 M | -20.7 M | |
| Income Tax Expense | 2.8 M | 3 M | |
| Interest Income | 3.9 M | 4.1 M | |
| Net Interest Income | 3.8 M | 4 M | |
| Net Loss | -21.8 M | -22.9 M | |
| Net Loss | (0.85) | (0.81) | |
| Income Quality | 2.34 | 2.01 | |
| Net Income Per E B T | 1.19 | 0.60 |
Piedmont Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Piedmont Lithium. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Piedmont Lithium position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Piedmont Lithium's important profitability drivers and their relationship over time.
Use Piedmont Lithium in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Piedmont Lithium position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Piedmont Lithium will appreciate offsetting losses from the drop in the long position's value.Piedmont Lithium Pair Trading
Piedmont Lithium Ltd Pair Trading Analysis
The ability to find closely correlated positions to Piedmont Lithium could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Piedmont Lithium when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Piedmont Lithium - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Piedmont Lithium Ltd to buy it.
The correlation of Piedmont Lithium is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Piedmont Lithium moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Piedmont Lithium moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Piedmont Lithium can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Piedmont Lithium position
In addition to having Piedmont Lithium in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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To fully project Piedmont Lithium's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Piedmont Lithium at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Piedmont Lithium's income statement, its balance sheet, and the statement of cash flows.