SIBANYE-STILLWATER LTD-ADR (SBSW) Stock Fundamental Analysis
NYSE:SBSW - New York Stock Exchange, Inc. - US82575P1075 - ADR - Currency: USD
We assign a fundamental rating of 4 out of 10 to SBSW. SBSW was compared to 154 industry peers in the Metals & Mining industry. Both the profitability and financial health of SBSW have multiple concerns. SBSW has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year SBSW has reported negative net income.
In the past year SBSW had a positive cash flow from operations.
The reported net income has been mixed in the past 5 years: SBSW reported negative net income in multiple years.
Each year in the past 5 years SBSW had a positive operating cash flow.
1.2 Ratios
SBSW has a Return On Assets of -5.29%. This is in the lower half of the industry: SBSW underperforms 62.99% of its industry peers.
Looking at the Return On Equity, with a value of -16.59%, SBSW is doing worse than 66.88% of the companies in the same industry.
SBSW has a better Return On Invested Capital (4.13%) than 62.34% of its industry peers.
SBSW had an Average Return On Invested Capital over the past 3 years of 10.76%. This is in line with the industry average of 11.67%.
The last Return On Invested Capital (4.13%) for SBSW is well below the 3 year average (10.76%), which needs to be investigated, but indicates that SBSW had better years and this may not be a problem.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.29% | ||
| ROE | -16.59% | ||
| ROIC | 4.13% |
ROA(3y)-6.89%
ROA(5y)4.56%
ROE(3y)-24.41%
ROE(5y)2.24%
ROIC(3y)10.76%
ROIC(5y)19.24%
1.3 Margins
SBSW's Operating Margin of 5.46% is in line compared to the rest of the industry. SBSW outperforms 57.14% of its industry peers.
In the last couple of years the Operating Margin of SBSW has declined.
With a Gross Margin value of 5.69%, SBSW is not doing good in the industry: 63.64% of the companies in the same industry are doing better.
In the last couple of years the Gross Margin of SBSW has declined.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 5.46% | ||
| PM (TTM) | N/A | ||
| GM | 5.69% |
OM growth 3Y-46.01%
OM growth 5Y-14.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-45.4%
GM growth 5Y-14.69%
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.
2.2 Solvency
An Altman-Z score of 2.01 indicates that SBSW is not a great score, but indicates only limited risk for bankruptcy at the moment.
SBSW has a Altman-Z score of 2.01. This is comparable to the rest of the industry: SBSW outperforms 43.51% of its industry peers.
SBSW has a Debt/Equity ratio of 0.94. This is a neutral value indicating SBSW is somewhat dependend on debt financing.
SBSW's Debt to Equity ratio of 0.94 is on the low side compared to the rest of the industry. SBSW is outperformed by 87.66% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Altman-Z | 2.01 |
ROIC/WACC0.69
WACC5.99%
2.3 Liquidity
SBSW has a Current Ratio of 2.32. This indicates that SBSW is financially healthy and has no problem in meeting its short term obligations.
SBSW's Current ratio of 2.32 is in line compared to the rest of the industry. SBSW outperforms 50.00% of its industry peers.
SBSW has a Quick Ratio of 1.10. This is a normal value and indicates that SBSW is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of SBSW (1.10) is worse than 64.29% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.32 | ||
| Quick Ratio | 1.1 |
3. Growth
3.1 Past
SBSW shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 80.71%, which is quite impressive.
Looking at the last year, SBSW shows a decrease in Revenue. The Revenue has decreased by -1.37% in the last year.
SBSW shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 8.99% yearly.
EPS 1Y (TTM)80.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100.39%
Revenue 1Y (TTM)-1.37%
Revenue growth 3Y-13.32%
Revenue growth 5Y8.99%
Sales Q2Q%7.17%
3.2 Future
Based on estimates for the next years, SBSW will show a very strong growth in Earnings Per Share. The EPS will grow by 445.91% on average per year.
SBSW is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 1.64% yearly.
EPS Next Y14692.41%
EPS Next 2Y1434.96%
EPS Next 3Y445.91%
EPS Next 5YN/A
Revenue Next Year4.8%
Revenue Next 2Y3.84%
Revenue Next 3Y1.64%
Revenue Next 5YN/A
3.3 Evolution
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
The Price/Earnings Ratio is negative for SBSW. In the last year negative earnings were reported.
Based on the Price/Forward Earnings ratio of 13.27, the valuation of SBSW can be described as correct.
SBSW's Price/Forward Earnings ratio is a bit cheaper when compared to the industry. SBSW is cheaper than 63.64% of the companies in the same industry.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.70, SBSW is valued a bit cheaper.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.27 |
4.2 Price Multiples
SBSW's Enterprise Value to EBITDA ratio is a bit cheaper when compared to the industry. SBSW is cheaper than 77.27% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | N/A | ||
| EV/EBITDA | 7.82 |
4.3 Compensation for Growth
The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
A more expensive valuation may be justified as SBSW's earnings are expected to grow with 445.91% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y1434.96%
EPS Next 3Y445.91%
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 2.98. SBSW pays more dividend than 98.05% of the companies in the same industry.
Compared to an average S&P500 Dividend Yield of 2.42, SBSW pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.36% |
5.2 History
SBSW has paid a dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
DPN/A
EPS Next 2Y1434.96%
EPS Next 3Y445.91%
7.28
+0.06 (+0.83%)
Chartmill FA Rating
GICS SectorMaterials
GICS IndustryGroupMaterials
GICS IndustryMetals & Mining
Earnings (Last)
Earnings (Next)
Inst Owners62.84%
Inst Owner Change24.34%
Ins Owners0.23%
Ins Owner ChangeN/A
Market Cap5.15B
Analysts48.33
Price Target4.49 (-38.32%)
Short Float %2.6%
Short Ratio1.33
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 9.36% |
Yearly Dividend0.58
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)6.39%
PT rev (3m)4.73%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)5.9%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.82%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | N/A | ||
| Fwd PE | 13.27 | ||
| P/S | 0.82 | ||
| P/FCF | N/A | ||
| P/OCF | 9.06 | ||
| P/B | 2.08 | ||
| P/tB | 2.19 | ||
| EV/EBITDA | 7.82 |
EPS(TTM)-0.58
EYN/A
EPS(NY)0.55
Fwd EY7.54%
FCF(TTM)-0.91
FCFYN/A
OCF(TTM)0.8
OCFY11.04%
SpS8.91
BVpS3.49
TBVpS3.33
PEG (NY)N/A
PEG (5Y)N/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -5.29% | ||
| ROE | -16.59% | ||
| ROCE | 5.23% | ||
| ROIC | 4.13% | ||
| ROICexc | 4.79% | ||
| ROICexgc | 4.89% | ||
| OM | 5.46% | ||
| PM (TTM) | N/A | ||
| GM | 5.69% | ||
| FCFM | N/A |
ROA(3y)-6.89%
ROA(5y)4.56%
ROE(3y)-24.41%
ROE(5y)2.24%
ROIC(3y)10.76%
ROIC(5y)19.24%
ROICexc(3y)13.32%
ROICexc(5y)29.8%
ROICexgc(3y)13.94%
ROICexgc(5y)32.66%
ROCE(3y)13.61%
ROCE(5y)24.36%
ROICexcg growth 3Y-59.51%
ROICexcg growth 5Y-12.22%
ROICexc growth 3Y-58.23%
ROICexc growth 5Y-11.02%
OM growth 3Y-46.01%
OM growth 5Y-14.69%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-45.4%
GM growth 5Y-14.69%
F-Score5
Asset Turnover0.81
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.94 | ||
| Debt/FCF | N/A | ||
| Debt/EBITDA | 2.77 | ||
| Cap/Depr | 244.82% | ||
| Cap/Sales | 19.24% | ||
| Interest Coverage | 2.92 | ||
| Cash Conversion | 67.7% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.32 | ||
| Quick Ratio | 1.1 | ||
| Altman-Z | 2.01 |
F-Score5
WACC5.99%
ROIC/WACC0.69
Cap/Depr(3y)231%
Cap/Depr(5y)194.66%
Cap/Sales(3y)16.82%
Cap/Sales(5y)13.08%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)80.71%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%100.39%
EPS Next Y14692.41%
EPS Next 2Y1434.96%
EPS Next 3Y445.91%
EPS Next 5YN/A
Revenue 1Y (TTM)-1.37%
Revenue growth 3Y-13.32%
Revenue growth 5Y8.99%
Sales Q2Q%7.17%
Revenue Next Year4.8%
Revenue Next 2Y3.84%
Revenue Next 3Y1.64%
Revenue Next 5YN/A
EBIT growth 1Y-51.96%
EBIT growth 3Y-53.2%
EBIT growth 5Y-7.02%
EBIT Next Year196.21%
EBIT Next 3Y53.6%
EBIT Next 5YN/A
FCF growth 1Y25.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y42.54%
OCF growth 3Y-32.07%
OCF growth 5Y1.34%