PLS Group Limited (PLS.AX) stock analysis

In our weekly check, PLS Group Limited is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 3, red flags: 6.

About PLS Group Limited

PLS Group Limited is a Basic Materials company (Industrial Materials) based in Australia, listed on ASX as PLS.AX.

What our checks show for PLS.AX

Red flags

• The net margin fell by 20.1 points over 5 years, to 27.1%: the company keeps less of each sale as profit.
• The gross margin fell by 19.7 points, to 47%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 4.4 points from today's 27.1%.
• Revenue fell 21.9% a year over the last 3 years.
• The price swings a lot: 56.4% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 99% from a peak. Would you have held through that?

Warning signs

• Earnings per share fell 41.5% a year over the last 3 years.
• Net profit fell 39.6% a year over the last 3 years.
• Recovering from its deepest fall took about 2.5 years.

Strengths

• Debt is low: 0.3x equity.
• Operating profit covers interest 9.2 times over.
• Operating cash flow is 2.51x net profit: the profit arrives as real cash.
• The company keeps 27.1% of its revenue as net profit.
• Free cash flow is 51.1% of revenue: cash for dividends, buybacks or growth.
• Actively traded: about 28.8 million shares a day.

Similar companies

MP · LYC.AX · IVN.TO · MTRN · S32.AX · ALM

Questions

What grade does PLS Group Limited (PLS.AX) have?

In our weekly check, PLS Group Limited is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 15 pass, warnings: 3, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PLS.AX stock?

This week's biggest flags for PLS Group Limited: Margins falling, Gross margin falling, Margins expected to shrink. In total 9 of 24 checks show a warning or a red flag.

What does PLS Group Limited do?

PLS Group Limited is a Basic Materials company (Industrial Materials) based in Australia, listed on ASX as PLS.AX.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

Open the full analysis