Financials Sibanye Stillwater Limited Nyse

Equities

SBSW

US82575P1075

Non-Gold Precious Metals & Minerals

Real-time Estimate Cboe BZX 10:18:23 24/05/2024 pm IST 5-day change 1st Jan Change
5.295 USD +4.03% Intraday chart for Sibanye Stillwater Limited -6.94% -2.49%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 95,827 1,75,414 1,37,893 1,26,574 70,481 65,613 - -
Enterprise Value (EV) 1 1,13,945 1,73,884 1,28,180 1,23,545 85,931 91,889 90,695 90,608
P/E ratio 1,795 x 5.69 x 4.35 x 6.88 x -1.87 x 15.2 x 5.87 x 6.99 x
Yield - 6.18% 9.76% 5.81% 2.13% 2.47% 4.28% 3.69%
Capitalization / Revenue 1.31 x 1.38 x 0.8 x 0.92 x 0.62 x 0.59 x 0.55 x 0.54 x
EV / Revenue 1.56 x 1.36 x 0.74 x 0.89 x 0.76 x 0.82 x 0.75 x 0.74 x
EV / EBITDA 7.62 x 3.56 x 1.87 x 3.01 x 4.18 x 4.43 x 3.38 x 3.87 x
EV / FCF 64.8 x 9.92 x 6.57 x 13 x -8.09 x -11.4 x 17.8 x 25 x
FCF Yield 1.54% 10.1% 15.2% 7.7% -12.4% -8.79% 5.6% 3.99%
Price to Book 3.23 x 2.56 x 1.73 x 1.44 x 1.45 x 2.05 x 0.96 x 1.02 x
Nbr of stocks (in thousands) 26,70,029 29,23,571 28,08,406 28,30,370 28,30,567 28,30,567 - -
Reference price 2 35.89 60.00 49.10 44.72 24.90 23.18 23.18 23.18
Announcement Date 19/02/20 18/02/21 03/03/22 28/02/23 05/03/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 72,925 1,27,392 1,72,194 1,38,288 1,13,684 1,11,497 1,20,294 1,21,696
EBITDA 1 14,956 48,872 68,606 41,111 20,556 20,755 26,870 23,432
EBIT 1 7,742 41,280 59,930 33,806 10,431 11,435 18,379 13,743
Operating Margin 10.62% 32.4% 34.8% 24.45% 9.18% 10.26% 15.28% 11.29%
Earnings before Tax (EBT) 1 -1,300 35,480 47,557 27,904 -39,846 5,715 13,043 7,713
Net income 1 62.1 29,312 33,054 18,396 -37,772 3,573 12,545 6,327
Net margin 0.09% 23.01% 19.2% 13.3% -33.23% 3.2% 10.43% 5.2%
EPS 2 0.0200 10.55 11.29 6.500 -13.34 1.527 3.946 3.316
Free Cash Flow 1 1,758 17,534 19,516 9,509 -10,627 -8,081 5,081 3,618
FCF margin 2.41% 13.76% 11.33% 6.88% -9.35% -7.25% 4.22% 2.97%
FCF Conversion (EBITDA) 11.76% 35.88% 28.45% 23.13% - - 18.91% 15.44%
FCF Conversion (Net income) 2,831.08% 59.82% 59.04% 51.69% - - 40.5% 57.18%
Dividend per Share 2 - 3.710 4.790 2.600 0.5300 0.5733 0.9929 0.8548
Announcement Date 19/02/20 18/02/21 03/03/22 28/02/23 05/03/24 - - -
1ZAR in Million2ZAR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 S1 2022 S1 2022 S2 2023 S1 2024 Q1 2024 S1
Net sales - - 70,379 67,909 60,568 - 46,375
EBITDA 1 16,514 - 22,561 18,550 14,147 1,938 6,197
EBIT 12,645 - 18,567 - 9,373 - -
Operating Margin - - 26.38% - 15.48% - -
Earnings before Tax (EBT) - - - - - - -
Net income - 24,836 12,016 - 7,423 - -
Net margin - - 17.07% - 12.26% - -
EPS 3.340 8.340 4.230 - 2.620 - -
Dividend per Share - - 1.380 - 0.5300 - -
Announcement Date 27/08/20 26/08/21 25/08/22 28/02/23 29/08/23 - -
1ZAR in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 18,117 - - - 15,450 26,277 25,082 24,995
Net Cash position 1 - 1,530 9,713 3,029 - - - -
Leverage (Debt/EBITDA) 1.211 x - - - 0.7516 x 1.266 x 0.9335 x 1.067 x
Free Cash Flow 1 1,758 17,534 19,516 9,509 -10,627 -8,081 5,081 3,618
ROE (net income / shareholders' equity) 8.83% 59.7% 52.4% 25.1% -55.2% 8.45% 14.3% 10.3%
ROA (Net income/ Total Assets) 2.54% 24.9% 27.1% 13.2% -24.4% - - -
Assets 1 2,447 1,17,588 1,22,029 1,39,856 1,54,786 - - -
Book Value Per Share 2 11.10 23.40 28.50 31.10 17.20 11.30 24.10 22.80
Cash Flow per Share 2 5.170 13.20 10.20 5.350 1.890 7.470 7.740 -
Capex 1 7,706 9,616 12,740 15,899 22,411 22,017 16,390 14,333
Capex / Sales 10.57% 7.55% 7.4% 11.5% 19.71% 19.75% 13.63% 11.78%
Announcement Date 19/02/20 18/02/21 03/03/22 28/02/23 05/03/24 - - -
1ZAR in Million2ZAR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
More Ratings
Sell
Consensus
Buy
Mean consensus
UNDERPERFORM
Number of Analysts
8
Last Close Price
23.18 ZAR
Average target price
26.37 ZAR
Spread / Average Target
+13.78%
Consensus
  1. Stock Market
  2. Equities
  3. SSW Stock
  4. SBSW Stock
  5. Financials Sibanye Stillwater Limited