Piedmont Lithium Inc FCF yield
What is the FCF yield of Piedmont Lithium Inc?
The FCF yield of Piedmont Lithium Inc is -6.19%
What is the definition of FCF yield?
Free cash flow yield (FCF yield) is a financial ratio that compares the free cash flow per share to the market value per share. The ratio is calculated by dividing free cash flow per share by the current share price.
ttm (trailing twelve months)
Free cash flow yield is a good measure of the company’s cash flow in respect to the company’s size. Larger companies tend to have a higher cash flow yield, but it’s not always the case. The higher the free cash flow yield, the more cash the company is generating that can be quickly accessed to satisfy its obligations. The lower the free cash flow yield, the more money investors are putting into the company with little result. The higher the ratio, the more attractive the investment is as it suggests that investors are paying less for each unit of free cash flow.
Free cash flow acts as an indicator of how capable a company is of repaying all of its obligations. It is a solid indicator of how financially stable a company is. It is calculated as:
Free cash flow yield = Free cash flow per share / market price per share
FCF yield of companies in the Materials sector on NASDAQ compared to Piedmont Lithium Inc
What does Piedmont Lithium Inc do?
Piedmont Lithium, Inc. is engaged in building a multi-asset, integrated lithium business which provides lithium hydroxide, a critical material, to the electric vehicle and battery manufacturing supply chains in the United States to support the creation of a clean energy economy in North America.
Companies with fcf yield similar to Piedmont Lithium Inc
- Ordissimo SA has FCF yield of -6.21%
- Crimson Tide plc has FCF yield of -6.21%
- Directa Plus Plc has FCF yield of -6.20%
- Airgain Inc has FCF yield of -6.20%
- Planet Green Corp has FCF yield of -6.20%
- TravelCenters of America Inc has FCF yield of -6.19%
- Piedmont Lithium Inc has FCF yield of -6.19%
- Black Rock Mining has FCF yield of -6.17%
- Frontier IP Plc has FCF yield of -6.16%
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- Hive Blockchain Technologies has FCF yield of -6.16%
- AnteoTech has FCF yield of -6.16%
- Continental AG has FCF yield of -6.16%