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SIBANYE-STILLWATER LTD-ADR (SBSW) Stock Fundamental Analysis

NYSE:SBSW - New York Stock Exchange, Inc. - US82575P1075 - ADR - Currency: USD

3.51  -0.22 (-5.9%)

After market: 3.5112 +0 (+0.03%)

Fundamental Rating

3

We assign a fundamental rating of 3 out of 10 to SBSW. SBSW was compared to 151 industry peers in the Metals & Mining industry. SBSW has a medium profitability rating, but doesn't score so well on its financial health evaluation. SBSW is valued correctly, but it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

SBSW had negative earnings in the past year.
In the past year SBSW had a positive cash flow from operations.
Of the past 5 years SBSW 4 years were profitable.
In the past 5 years SBSW always reported a positive cash flow from operatings.
SBSW Yearly Net Income VS EBIT VS OCF VS FCFSBSW Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20B -20B 40B

1.2 Ratios

SBSW has a Return On Assets of -39.04%. This is amonst the worse of the industry: SBSW underperforms 85.31% of its industry peers.
Looking at the Return On Equity, with a value of -121.34%, SBSW is doing worse than 90.91% of the companies in the same industry.
SBSW's Return On Invested Capital of 3.16% is in line compared to the rest of the industry. SBSW outperforms 51.75% of its industry peers.
Measured over the past 3 years, the Average Return On Invested Capital for SBSW is significantly above the industry average of 8.84%.
The 3 year average ROIC (18.31%) for SBSW is well above the current ROIC(3.16%). The reason for the recent decline needs to be investigated.
Industry RankSector Rank
ROA -39.04%
ROE -121.34%
ROIC 3.16%
ROA(3y)2.07%
ROA(5y)5.63%
ROE(3y)-5%
ROE(5y)5.6%
ROIC(3y)18.31%
ROIC(5y)17.24%
SBSW Yearly ROA, ROE, ROICSBSW Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20 40 -40 -60

1.3 Margins

SBSW has a Operating Margin (4.73%) which is in line with its industry peers.
SBSW's Operating Margin has improved in the last couple of years.
SBSW has a worse Gross Margin (4.92%) than 65.03% of its industry peers.
SBSW's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 4.73%
PM (TTM) N/A
GM 4.92%
OM growth 3Y-30.05%
OM growth 5Y23.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-30.12%
GM growth 5Y19.89%
SBSW Yearly Profit, Operating, Gross MarginsSBSW Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20 -20

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2

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is just above the Cost of Capital (WACC), so SBSW is still creating some value.
The number of shares outstanding for SBSW remains at a similar level compared to 1 year ago.
SBSW has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, SBSW has a worse debt to assets ratio.
SBSW Yearly Shares OutstandingSBSW Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M
SBSW Yearly Total Debt VS Total AssetsSBSW Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 50B 100B 150B

2.2 Solvency

SBSW has an Altman-Z score of 1.71. This is a bad value and indicates that SBSW is not financially healthy and even has some risk of bankruptcy.
SBSW has a worse Altman-Z score (1.71) than 65.03% of its industry peers.
A Debt/Equity ratio of 0.76 indicates that SBSW is somewhat dependend on debt financing.
SBSW has a worse Debt to Equity ratio (0.76) than 86.01% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Altman-Z 1.71
ROIC/WACC0.25
WACC12.56%
SBSW Yearly LT Debt VS Equity VS FCFSBSW Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20B 40B 60B 80B

2.3 Liquidity

SBSW has a Current Ratio of 2.09. This indicates that SBSW is financially healthy and has no problem in meeting its short term obligations.
SBSW has a Current ratio (2.09) which is in line with its industry peers.
SBSW has a Quick Ratio of 1.04. This is a normal value and indicates that SBSW is financially healthy and should not expect problems in meeting its short term obligations.
With a Quick ratio value of 1.04, SBSW is not doing good in the industry: 69.23% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 2.09
Quick Ratio 1.04
SBSW Yearly Current Assets VS Current LiabilitesSBSW Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 20B 40B 60B

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3

3. Growth

3.1 Past

The earnings per share for SBSW have decreased strongly by -482.07% in the last year.
SBSW shows a very negative growth in Revenue. In the last year, the Revenue has decreased by -15.69%.
SBSW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 17.55% yearly.
EPS 1Y (TTM)-482.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200.75%
Revenue 1Y (TTM)-15.69%
Revenue growth 3Y-3.72%
Revenue growth 5Y17.55%
Sales Q2Q%-8.86%

3.2 Future

SBSW is expected to show quite a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 14.94% yearly.
Based on estimates for the next years, SBSW will show a small growth in Revenue. The Revenue will grow by 2.00% on average per year.
EPS Next Y-98.53%
EPS Next 2Y7.63%
EPS Next 3Y14.94%
EPS Next 5YN/A
Revenue Next Year-2.13%
Revenue Next 2Y0.77%
Revenue Next 3Y2%
Revenue Next 5YN/A

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
SBSW Yearly Revenue VS EstimatesSBSW Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 50B 100B 150B
SBSW Yearly EPS VS EstimatesSBSW Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 0 20 40

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4

4. Valuation

4.1 Price/Earnings Ratio

The Price/Earnings Ratio is negative for SBSW. In the last year negative earnings were reported.
A Price/Forward Earnings ratio of 6.26 indicates a rather cheap valuation of SBSW.
Compared to the rest of the industry, the Price/Forward Earnings ratio of SBSW indicates a rather cheap valuation: SBSW is cheaper than 93.71% of the companies listed in the same industry.
SBSW's Price/Forward Earnings ratio indicates a rather cheap valuation when compared to the S&P500 average which is at 22.68.
Industry RankSector Rank
PE N/A
Fwd PE 6.26
SBSW Price Earnings VS Forward Price EarningsSBSW Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 20

4.2 Price Multiples

90.91% of the companies in the same industry are more expensive than SBSW, based on the Enterprise Value to EBITDA ratio.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 4.68
SBSW Per share dataSBSW EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 -2 4 -4 6 8

4.3 Compensation for Growth

A more expensive valuation may be justified as SBSW's earnings are expected to grow with 14.94% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y7.63%
EPS Next 3Y14.94%

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5

5. Dividend

5.1 Amount

SBSW has a Yearly Dividend Yield of 9.36%, which is a nice return.
SBSW's Dividend Yield is rather good when compared to the industry average which is at 3.16. SBSW pays more dividend than 97.20% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.27, SBSW pays a better dividend.
Industry RankSector Rank
Dividend Yield 9.36%

5.2 History

SBSW has been paying a dividend for at least 10 years, so it has a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
SBSW Yearly Dividends per shareSBSW Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2020 2021 2022 2023 2024 0.5 1 1.5

5.3 Sustainability

DPN/A
EPS Next 2Y7.63%
EPS Next 3Y14.94%
SBSW Yearly Income VS Free CF VS DividendSBSW Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 0 20B -20B

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SIBANYE-STILLWATER LTD-ADR

NYSE:SBSW (2/21/2025, 8:04:00 PM)

After market: 3.5112 +0 (+0.03%)

3.51

-0.22 (-5.9%)

Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)02-21 2025-02-21/amc
Earnings (Next)N/A N/A
Inst Owners66.1%
Inst Owner Change-0.24%
Ins Owners0.28%
Ins Owner ChangeN/A
Market Cap2.48B
Analysts48.33
Price Target4.17 (18.8%)
Short Float %1.97%
Short Ratio2.17
Dividend
Industry RankSector Rank
Dividend Yield 9.36%
Yearly Dividend2.6
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-3.14%
PT rev (3m)-19.29%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)-97.78%
EPS NY rev (3m)-97.78%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0.67%
Revenue NY rev (3m)0.78%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE 6.26
P/S 0.42
P/FCF N/A
P/OCF 7.62
P/B 1.05
P/tB 1.1
EV/EBITDA 4.68
EPS(TTM)-4.04
EYN/A
EPS(NY)0.56
Fwd EY15.98%
FCF(TTM)-1.28
FCFYN/A
OCF(TTM)0.46
OCFY13.12%
SpS8.3
BVpS3.33
TBVpS3.18
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -39.04%
ROE -121.34%
ROCE 4.65%
ROIC 3.16%
ROICexc 3.68%
ROICexgc 3.76%
OM 4.73%
PM (TTM) N/A
GM 4.92%
FCFM N/A
ROA(3y)2.07%
ROA(5y)5.63%
ROE(3y)-5%
ROE(5y)5.6%
ROIC(3y)18.31%
ROIC(5y)17.24%
ROICexc(3y)28.95%
ROICexc(5y)26.31%
ROICexgc(3y)31.73%
ROICexgc(5y)28.89%
ROCE(3y)26.92%
ROCE(5y)25.34%
ROICexcg growth 3Y-36.03%
ROICexcg growth 5Y35.6%
ROICexc growth 3Y-34.02%
ROICexc growth 5Y38.49%
OM growth 3Y-30.05%
OM growth 5Y23.04%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-30.12%
GM growth 5Y19.89%
F-Score3
Asset Turnover0.8
Health
Industry RankSector Rank
Debt/Equity 0.76
Debt/FCF N/A
Debt/EBITDA 2.17
Cap/Depr 226.77%
Cap/Sales 20.96%
Interest Coverage 3.08
Cash Conversion 39.7%
Profit Quality N/A
Current Ratio 2.09
Quick Ratio 1.04
Altman-Z 1.71
F-Score3
WACC12.56%
ROIC/WACC0.25
Cap/Depr(3y)200.6%
Cap/Depr(5y)167.05%
Cap/Sales(3y)12.87%
Cap/Sales(5y)11.34%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-482.07%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-200.75%
EPS Next Y-98.53%
EPS Next 2Y7.63%
EPS Next 3Y14.94%
EPS Next 5YN/A
Revenue 1Y (TTM)-15.69%
Revenue growth 3Y-3.72%
Revenue growth 5Y17.55%
Sales Q2Q%-8.86%
Revenue Next Year-2.13%
Revenue Next 2Y0.77%
Revenue Next 3Y2%
Revenue Next 5YN/A
EBIT growth 1Y-80.18%
EBIT growth 3Y-32.65%
EBIT growth 5Y44.63%
EBIT Next Year53%
EBIT Next 3Y36.1%
EBIT Next 5YN/A
FCF growth 1Y-266.11%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-74.27%
OCF growth 3Y-36.07%
OCF growth 5Y-10.27%