- Pilbara Minerals reported a net income of A$256.9 million for the full year.
- This is a significant decrease of 89% compared to A$2.39 billion from the previous year.
- EBITDA for the year stood at A$538 million, marking an 84% drop year-over-year.
- The company’s revenue came in at A$1.25 billion, down 69% from last year, and slightly below the estimated A$1.26 billion.
- The substantial declines in net income and EBITDA are mainly due to lower average realised sales prices.
- Statutory Profit after Tax also saw an 89% decline from the prior corresponding period.
- Market analysts are divided on the company, with 8 buy ratings, 5 hold ratings, and 4 sell ratings.
A look at Pilbara Minerals Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 4.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Investment analysts are considering a positive long-term outlook for Pilbara Minerals based on Smartkarma Smart Scores. The company has received high scores in Dividend, Growth, Resilience, and Momentum, indicating strong performance in these areas. With a focus on mineral exploration in Western Australia, Pilbara Minerals is seen as a promising player in the mining industry.
Pilbara Minerals, a mineral exploration company with holdings in the west Pilbara region of Western Australia, has garnered favorable Smartkarma Smart Scores in key areas. Their strong scores in Dividend, Growth, Resilience, and Momentum highlight the company’s potential for long-term success in the mining sector. Analysts are optimistic about Pilbara Minerals‘ future prospects given its solid performance across these important factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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