Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to AU$17.92, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total loss to shareholders of 23% over the past three years. Reported Earnings • Mar 02
First half 2026 earnings released: EPS: US$1.34 (vs US$0.038 in 1H 2025) First half 2026 results: EPS: US$1.34 (up from US$0.038 in 1H 2025). Revenue: US$641.8m (up 83% from 1H 2025). Net income: US$143.7m (up US$139.6m from 1H 2025). Profit margin: 22% (up from 1.2% in 1H 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to AU$19.37, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 24x in the Metals and Mining industry in Australia. Total loss to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Dec 24
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to AU$24.05, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 24x in the Metals and Mining industry in Australia. Total returns to shareholders of 5.2% over the past three years. Reported Earnings • Sep 28
Full year 2025 earnings released: EPS: US$0.38 (vs US$0.076 in FY 2024) Full year 2025 results: EPS: US$0.38 (up from US$0.076 in FY 2024). Revenue: US$826.6m (up 7.8% from FY 2024). Net income: US$40.5m (up 393% from FY 2024). Profit margin: 4.9% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Production and reserves: Platinum Production: 606.34 troy koz (645.91 troy koz in FY 2024) Proved and probable reserves (ore): 241.5 Mt (247.3 Mt in FY 2024) Number of mines: 5 (5 in FY 2024) Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 86 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to AU$19.10, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 19x in the Metals and Mining industry in Australia. Total loss to shareholders of 13% over the past three years. 공시 • Sep 24
Zimplats Holdings Limited, Annual General Meeting, Oct 23, 2025 Zimplats Holdings Limited, Annual General Meeting, Oct 23, 2025, at 11:00 Arab Standard Time. Location: at the offices of impala platinum holdings limited, 2 fricker road, illovo, johannesburg Saudi Arabia Reported Earnings • Aug 28
Full year 2025 earnings released: EPS: US$0.38 (vs US$0.076 in FY 2024) Full year 2025 results: EPS: US$0.38 (up from US$0.076 in FY 2024). Revenue: US$826.6m (up 7.8% from FY 2024). Net income: US$40.5m (up 393% from FY 2024). Profit margin: 4.9% (up from 1.1% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to AU$14.72, the stock trades at a trailing P/E ratio of 48.8x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total loss to shareholders of 32% over the past three years. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$12.02, the stock trades at a trailing P/E ratio of 39.4x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total loss to shareholders of 52% over the past three years. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to AU$10.84, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total loss to shareholders of 63% over the past three years. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to AU$13.50, the stock trades at a trailing P/E ratio of 43.5x. Average trailing P/E is 11x in the Metals and Mining industry in Australia. Total loss to shareholders of 41% over the past three years. Reported Earnings • Mar 04
First half 2025 earnings released: EPS: US$0.038 (vs US$0.081 loss in 1H 2024) First half 2025 results: EPS: US$0.038 (up from US$0.081 loss in 1H 2024). Revenue: US$350.2m (down 6.1% from 1H 2024). Net income: US$4.14m (up US$12.9m from 1H 2024). Profit margin: 1.2% (up from net loss in 1H 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. Reported Earnings • Sep 28
Full year 2024 earnings released: EPS: US$0.076 (vs US$1.91 in FY 2023) Full year 2024 results: EPS: US$0.076 (down from US$1.91 in FY 2023). Revenue: US$767.1m (down 20% from FY 2023). Net income: US$8.22m (down 96% from FY 2023). Profit margin: 1.1% (down from 21% in FY 2023). Production and reserves: Copper Production: 0.646 Mt (0.611 Mt in FY 2023) Proved and probable reserves (ore): 247.3 Mt Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 61 percentage points per year, which is a significant difference in performance. 공시 • Sep 20
Zimplats Holdings Limited, Annual General Meeting, Oct 24, 2024 Zimplats Holdings Limited, Annual General Meeting, Oct 24, 2024. Location: at the offices of impala platinum holding limited, 2 ficker road,iiiovo, johannesburg South Africa Reported Earnings • Aug 21
Full year 2024 earnings released: EPS: US$0.08 (vs US$1.91 in FY 2023) Full year 2024 results: EPS: US$0.08 (down from US$1.91 in FY 2023). Revenue: US$767.1m (down 20% from FY 2023). Net income: US$8.22m (down 96% from FY 2023). Profit margin: 1.1% (down from 21% in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 58 percentage points per year, which is a significant difference in performance. New Risk • May 01
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 28% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 270% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). New Risk • Mar 13
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.7% Last year net profit margin: 28% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Dividend per share is over 5x earnings per share. Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (4.7% net profit margin). Valuation Update With 7 Day Price Move • Feb 29
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to AU$16.20, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 24% over the past three years. 공시 • Sep 16
Zimplats Holdings Limited, Annual General Meeting, Oct 19, 2023 Zimplats Holdings Limited, Annual General Meeting, Oct 19, 2023, at 11:00 South Africa Standard Time. Location: at the offices of Impala Platinum Holdings Limited, 2 Fricker Road, Illovo Johannesburg South Africa Agenda: To consider and approve the Company's annual financial statements, the directors' report and the report of the independent auditors for the year ended 30 June 2023; to consider appointment of Deloitte & Touché as independent auditors of the Company; to consider and approve the audit fees of US$28 750 for the year ended 30 June 2023; to consider and approve election of Directors; and to consider and approve amendment in Articles of Incorporation of the Company. 공시 • Aug 30
Zimplats Holdings Limited Declares Ordinary Fully Paid Dividend for the Year Ended June 30, 2023, Payable on September 13, 2023 Zimplats Holdings Limited declared ordinary fully paid dividend of USD 0.92904000 for the year ended 30 June 2023, payable on 13 September 2023, Record date is 4 September 2023 and Ex date is 1 September 2023. Reported Earnings • Aug 30
Full year 2023 earnings released: EPS: US$1.91 (vs US$3.29 in FY 2022) Full year 2023 results: EPS: US$1.91 (down from US$3.29 in FY 2022). Revenue: US$962.3m (down 23% from FY 2022). Net income: US$205.5m (down 42% from FY 2022). Profit margin: 21% (down from 28% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Reported Earnings • Mar 01
First half 2023 earnings released: EPS: US$1.48 (vs US$1.59 in 1H 2022) First half 2023 results: EPS: US$1.48 (down from US$1.59 in 1H 2022). Revenue: US$545.5m (down 6.8% from 1H 2022). Net income: US$159.6m (down 6.5% from 1H 2022). Profit margin: 29% (in line with 1H 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Feb 13
Upcoming dividend of US$0.93 per share at 11% yield Eligible shareholders must have bought the stock before 20 February 2023. Payment date: 08 March 2023. Payout ratio is a comfortable 68% and the cash payout ratio is 85%. Trailing yield: 11%. Within top quartile of Australian dividend payers (6.8%). Higher than average of industry peers (7.7%). 공시 • Feb 03
Zimplats Holdings Limited Announces Ordinary Dividend for the Six Months Ended December 31, 2022, Payable on March 8, 2023 Zimplats Holdings Limited announced ordinary dividend of USD 0.92904000 per share for the six months ended December 31, 2022. Record date is February 21, 2023. Ex-date is February 20, 2023. Payment date is March 8, 2023. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 1 highly experienced director. 4 independent directors (6 non-independent directors). Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 02
Full year 2022 earnings released: EPS: US$3.29 (vs US$5.23 in FY 2021) Full year 2022 results: EPS: US$3.29 (down from US$5.23 in FY 2021). Revenue: US$1.24b (down 8.2% from FY 2021). Net income: US$353.6m (down 37% from FY 2021). Profit margin: 28% (down from 42% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 35% per year. 공시 • Sep 27
Zimplats Holdings Limited, Annual General Meeting, Oct 20, 2022 Zimplats Holdings Limited, Annual General Meeting, Oct 20, 2022, at 11:00 South Africa Standard Time. Location: Impala Platinum Holdings Limited, 2 Fricker Road Illovo Johannesburg South Africa Agenda: To receive and consider the Company's annual financial statements, the directors' report and the report of the independent auditors for the year ended 30 June 2022; to consider appointment Deloitte & Touché (Zimbabwe) as independent auditors of the Company from the conclusion of this annual general meeting until the conclusion of the next annual general meeting of the Company; to approve the audit fees of US$26 500 for the year ended 30 June 2022; to approve an adjustment in relation to the annual fees for non-executive directors effective 1 July 2022; and to consider Election of directors. Reported Earnings • Sep 01
Full year 2022 earnings released: EPS: US$3.29 (vs US$5.23 in FY 2021) Full year 2022 results: EPS: US$3.29 (down from US$5.23 in FY 2021). Revenue: US$1.24b (down 8.2% from FY 2021). Net income: US$353.6m (down 37% from FY 2021). Profit margin: 28% (down from 42% in FY 2021). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 36% per year whereas the company’s share price has increased by 32% per year. 공시 • Aug 12
Zimplats Holdings Limited Declares Unfranked Ordinary Dividend for the Year Ended 30 June 2022, Payable on 8 September 2022 Zimplats Holdings Limited declared unfranked ordinary dividend of USD 1.11485100 for the year ended 30 June 2022, payable on 8 September 2022, Record date is 22 August 2022 and Ex date is 19 August 2022. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Non-Executive Director Chipo Mtasa was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improved over the past week After last week's 20% share price gain to AU$34.00, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 447% over the past three years. Reported Earnings • Feb 21
First half 2022 earnings: EPS in line with expectations, revenues disappoint First half 2022 results: EPS: US$1.59 (down from US$2.33 in 1H 2021). Revenue: US$585.2m (down 13% from 1H 2021). Net income: US$170.7m (down 32% from 1H 2021). Profit margin: 29% (down from 37% in 1H 2021). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 8.1%. Over the last 3 years on average, earnings per share has increased by 59% per year whereas the company’s share price has increased by 60% per year. 공시 • Feb 15
Zimplats Holdings Limited Declares Dividend for the Six Months Ended December 31, 2021, Payable on March 8, 2022 Zimplats Holdings Limited declared dividend of USD 1.11485200 for the six months ended December 31, 2021, payable on March 8, 2022. Ex date is February 18, 2022 and record date is February 21, 2022. Reported Earnings • Sep 06
Full year 2021 earnings released: EPS US$5.23 (vs US$2.43 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: US$1.35b (up 56% from FY 2020). Net income: US$563.1m (up 115% from FY 2020). Profit margin: 42% (up from 30% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 59% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.79 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 03 September 2021. Trailing yield: 4.6%. Lower than top quartile of Australian dividend payers (4.9%). In line with average of industry peers (5.0%). Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorated over the past week After last week's 16% share price decline to US$20.88, the stock trades at a trailing P/E ratio of 4x. Average trailing P/E is 13x in the Metals and Mining industry in Australia. Total returns to shareholders of 356% over the past three years. Valuation Update With 7 Day Price Move • Mar 29
Investor sentiment improved over the past week After last week's 30% share price gain to US$28.03, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 12x in the Metals and Mining industry in Australia. Total returns to shareholders of 489% over the past three years. Valuation Update With 7 Day Price Move • Mar 11
Investor sentiment improved over the past week After last week's 19% share price gain to US$20.20, the stock is trading at a trailing P/E ratio of 3.9x, up from the previous P/E ratio of 3.3x. This compares to an average P/E of 12x in the Metals and Mining industry in Australia. Total returns to shareholders over the past three years are 328%. Reported Earnings • Feb 28
First half 2021 earnings released: EPS US$2.33 (vs US$0.75 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: US$674.9m (up 79% from 1H 2020). Net income: US$250.6m (up 209% from 1H 2020). Profit margin: 37% (up from 22% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment improved over the past week After last week's 25% share price gain to US$15.22, the stock is trading at a trailing P/E ratio of 5x, up from the previous P/E ratio of 4x. This compares to an average P/E of 12x in the Metals and Mining industry in Australia. Total returns to shareholders over the past three years are 222%. Is New 90 Day High Low • Feb 25
New 90-day high: AU$15.22 The company is up 32% from its price of AU$11.55 on 27 November 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Dec 18
Investor sentiment improved over the past week After last week's 18% share price gain to US$13.78, the stock is trading at a trailing P/E ratio of 4.3x, up from the previous P/E ratio of 3.7x. This compares to an average P/E of 13x in the Metals and Mining industry in Australia. Total returns to shareholders over the past three years are 162%. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 21% share price gain to US$14.20, the stock is trading at a trailing P/E ratio of 4.4x, up from the previous P/E ratio of 3.6x. This compares to an average P/E of 12x in the Metals and Mining industry in Australia. Total returns to shareholders over the past three years are 174%. Is New 90 Day High Low • Dec 08
New 90-day high: AU$11.69 The company is up 23% from its price of AU$9.49 on 09 September 2020. The Australian market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 11% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: AU$10.97 The company is up 8.0% from its price of AU$10.12 on 12 August 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is down 4.0% over the same period. Is New 90 Day High Low • Oct 22
New 90-day high: AU$10.60 The company is up 18% from its price of AU$9.00 on 24 July 2020. The Australian market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is flat over the same period. Reported Earnings • Oct 01
Full year earnings released Over the last 12 months the company has reported total profits of US$261.8m, up 81% from the prior year. Total revenue was US$868.9m over the last 12 months, up 38% from the prior year. Profit margins were 30%, which is higher than the 23% margin from last year. The increase in margin was driven by higher revenue.