PLS GROUP LIMITED (PLS)
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PLS

PLS - PLS GROUP LIMITED

FNArena Sector : New Battery Elements
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 8.8
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

PLS Group is a global lithium producer with mining, processing and battery-materials interests and strategic partnerships.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.30

06 Aug
2026

-0.030

OPEN

$4.36

-0.69%

HIGH

$4.48

25,394,913

LOW

$4.30

TARGET
$5.30 23.3% upside
Franking for last dividend paid out: 100%
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FNARENA'S MARKET CONSENSUS FORECASTS
PLS: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx - 6.3 17.9 xxx
DPS (cps) xxx 0.0 2.5 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx N/A N/A xxx
PE Ratio xxx N/A 25.6 xxx
Dividend Yield xxx N/A 0.5% xxx
Div Pay Ratio(%) xxx N/A 14.0% xxx

Dividend yield today if purchased 3 years ago: 0.00%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.00

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 05/09 - ex-div 14c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx-6.3
DPS All xxxxxxxxxxxxxxx0.0
Sales/Revenue xxxxxxxxxxxxxxx768.9 M
Book Value Per Share xxxxxxxxxxxxxxx109.7
Net Operating Cash Flow xxxxxxxxxxxxxxx110.6 M
Net Profit Margin xxxxxxxxxxxxxxx-25.46 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx-5.78 %
Return on Invested Capital xxxxxxxxxxxxxxx-4.99 %
Return on Assets xxxxxxxxxxxxxxx-4.36 %
Return on Equity xxxxxxxxxxxxxxx-5.78 %
Return on Total Capital xxxxxxxxxxxxxxx-3.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-524.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx39 M
Long Term Debt xxxxxxxxxxxxxxx644 M
Total Debt xxxxxxxxxxxxxxx682 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx980 M
Price To Book Value xxxxxxxxxxxxxxx1.22

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx654.3 M
Capex % of Sales xxxxxxxxxxxxxxx85.11 %
Cost of Goods Sold xxxxxxxxxxxxxxx840 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx75 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx80 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.4

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Bell Potter

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

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Morgans

31/07/2026

3

Hold

$4.60

6.98%

Fourth quarter production and costs were in line with expectations and Morgans continues to view PLS Group's operations favourably. Recoveries of 77%, underpinned by ore sorting and a more sophisticated feed blend, signal further potential upside.

The broker likes the economics of P2000, although the step up in mine development and capital will weigh on free cash flow at current prices.

F27 cash generation is still expected to comfortably fund the investment. Hold rating maintained, with the target slipping to $4.60 from $4.80.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of 19.00 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of 36.00 cents.

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

2

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Jarden

04/08/2026

4

Underweight

$3.10

-27.91%

Jarden maintains an Underweight rating for PLS Group with its target price increased to $3.10 from $3.00 following full-year operational results outperforming volume guidance.

Full-year production and sales set corporate records, allowing the business to enter FY27 with $1.1bn in net cash.

Production guidance for FY27 aligns with broker expectations, featuring lower unit operating costs alongside higher capital expenditure commitments.

While considering the stock one of the highest-quality resource exposures on the ASX, the analyst maintains valuation discipline ahead of a more attractive entry opportunity.
Access Extra Coverage Research History >

PLS STOCK CHART

FNArena News on PLS

1
Australian Broker Call *Extra* Edition – Aug 04, 2026

Aug 04 2026 - Daily Market Reports
2
Weekly Ratings, Targets, Forecast Changes – 24-07-26

Jul 27 2026 - Weekly Reports
3
Rudi’s View: Pre-August Picks In Resources, Retail & Small Caps

Jul 23 2026 - Rudi's View
4
Material Matters: Deep Dive Into Lithium Pullback

Jul 21 2026 - Commodities
5
Weekly Ratings, Targets, Forecast Changes – 17-07-26

Jul 20 2026 - Weekly Reports

Latest New Battery Elements News

1
Material Matters: Deep Dive Into Lithium Pullback

Jul 21 2026 - Commodities
2
Elevra Lithium Building Platform For Growth

Jul 20 2026 - Commodities
3
Lithium Enthusiasts Discover Wildcat Resources

Jun 17 2026 - Commodities
4
Why Is PLS Still Heavily Shorted?

Apr 30 2026 - Commodities
5
Liontown Ramps Up As Lithium Price Recovers

Mar 17 2026 - Commodities
6
Australia’s Renewable Energy Supply Chain: Who’s Really Making Money?

Jan 15 2026 - ESG Focus
7
Are Markets Ready For Today’s Model-T Moment?

Nov 24 2025 - Australia
8
Valuation vs Sentiment For Pilbara Minerals

Oct 28 2025 - Commodities
9
Roaring Twenties 2.0: AI & Clean-Energy Transformations Shaping Global Markets

Aug 11 2025 - International
10
Lithium’s Bringing Excitement Back

Jul 24 2025 - Technicals