Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to UK£62.35, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 87% over the past year. Simply Wall St's valuation model estimates the intrinsic value at UK£28.64 per share. Declared Dividend • Jul 31
First half dividend of UK£2.56 announced Shareholders will receive a dividend of UK£2.56. Ex-date: 20th August 2026 Payment date: 8th September 2026 Dividend yield will be 8.2%, which is higher than the industry average of 7.3%. Sustainability & Growth Dividend is covered by both earnings (40% earnings payout ratio) and cash flows (50% cash payout ratio). The dividend has increased by an average of 48% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to decline by 18% over the next 3 years. However, it would need to fall by 56% to increase the payout ratio to a potentially unsustainable range. Reported Earnings • Jul 30
First half 2026 earnings released: EPS: R82.32 (vs R2.23 in 1H 2025) First half 2026 results: EPS: R82.32 (up from R2.23 in 1H 2025). Revenue: R81.8b (up 93% from 1H 2025). Net income: R21.6b (up R21.0b from 1H 2025). Profit margin: 26% (up from 1.4% in 1H 2025). The increase in margin was driven by higher revenue. Revenue is expected to decline by 4.6% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in the United Kingdom are expected to grow by 3.8%. New Risk • Jul 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 5.0% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (102% cash payout ratio). Share price has been volatile over the past 3 months (8.5% average weekly change). 공고 • Jul 17
Valterra Platinum Limited Provides Earnings Guidance for the Six Months Ended 30 June 2026 Valterra Platinum Limited provided earnings guidance for the six months ended 30 June 2026. For the period, the company expects basic earnings and earnings per share ("EPS") to increase by more than 3076%. Basic earnings to be between ZAR 18.6 billion and ZAR 22.3 billion (ZAR 0.6 billion in the prior period) and EPS to be between 7,085 cents per share and 8,494 cents per share (223 cents per share in the prior period). Price Target Changed • Jul 15
Price target decreased by 7.3% to UK£66.25 Down from UK£71.50, the current price target is an average from 11 analysts. New target price is 36% above last closing price of UK£48.82. Stock is up 34% over the past year. The company is forecast to post earnings per share of R121 for next year compared to R58.72 last year. Buy Or Sell Opportunity • Jun 19
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.3% to UK£53.50. The fair value is estimated to be UK£68.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 69%. For the next 3 years, revenue is forecast to grow by 7.5% per annum. Earnings are also forecast to grow by 20% per annum over the same time period. Valuation Update With 7 Day Price Move • Jun 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£59.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Total returns to shareholders of 98% over the past year. Simply Wall St's valuation model estimates the intrinsic value at UK£62.88 per share. 공고 • Apr 26
Valterra Platinum Limited Reiterates Production Guidance for 2026 Valterra Platinum Limited reiterated production guidance for 2026. For the year 2026, the company expects Platinum Group Metals - M&C production and refined production of 3.0 Moz to 3.4 Moz and Platinum Group Metals - Refined of 3.0 Moz to 3.4 Moz. Valuation Update With 7 Day Price Move • Apr 24
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£62.25, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 6x in the Metals and Mining industry in the United Kingdom. Simply Wall St's valuation model estimates the intrinsic value at UK£55.88 per share. Buy Or Sell Opportunity • Apr 08
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to UK£69.80. The fair value is estimated to be UK£57.87, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 15% over the last 3 years. Earnings per share has declined by 69%. For the next 3 years, revenue is forecast to grow by 7.9% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. 공고 • Mar 28
Valterra Platinum Limited, Annual General Meeting, May 08, 2026 Valterra Platinum Limited, Annual General Meeting, May 08, 2026. Upcoming Dividend • Mar 19
Upcoming dividend of UK£1.99 per share Eligible shareholders must have bought the stock before 26 March 2026. Payment date: 15 April 2026. Payout ratio is a comfortable 43% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of British dividend payers (5.8%). Higher than average of industry peers (3.0%). Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to UK£86.20, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 8x in the Metals and Mining industry in the United Kingdom. Simply Wall St's valuation model estimates the intrinsic value at UK£35.96 per share. Reported Earnings • Feb 26
Full year 2025 earnings released: EPS: R58.72 (vs R26.83 in FY 2024) Full year 2025 results: EPS: R58.72 (up from R26.83 in FY 2024). Revenue: R116.3b (up 6.7% from FY 2024). Net income: R15.4b (up 118% from FY 2024). Profit margin: 13% (up from 6.5% in FY 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Metals and Mining industry in the United Kingdom. Buy Or Sell Opportunity • Jan 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 70% to UK£77.80. The fair value is estimated to be UK£64.43, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 22% over the last 3 years. Earnings per share has declined by 82%. Revenue is forecast to grow by 40% in 2 years. Earnings are forecast to grow by 1,984% in the next 2 years. 공고 • Jan 23
Valterra Platinum Limited Provides Earnings Guidance for the the Twelve Months Ended December 31, 2025 Valterra Platinum Limited provided earnings guidance for the the twelve months ended December 31, 2025. For the period, the company expects basic earnings per share to be between 5,522 cents per share and 6,055 cents per share (2,683 cents per share in the prior period). 공고 • Oct 28
Valterra Platinum Limited Reaffirms Production Guidance for 2025 Valterra Platinum Limited reaffirmed production guidance for 2025. For the year, the company remain on track to deliver full year guidance for Amandelbult of 450,000-480,000 PGM ounces., M&C production of 3.0 Million -3.2 million ounces. M&C production from our own operations is expected to be ~2.0 million PGM ounces and POC between ~1.0 Million to 1.2 million PGM ounces. Refined production and sales volumes guidance is expected to be ~3.4 million PGM ounces. 공고 • Oct 13
Valterra Platinum Limited Announces Resignation of Norman Mbazima as Member of Social, Ethics and Governance Committee Valterra Platinum Limited announced As part of the Board's ongoing efforts to optimise its governance structures and ensure appropriate membership of Board committees, the Board announced the following change: The Governance Committee has been combined with the Social, Ethics and Transformation Committees and renamed the Social, Ethics and Governance Committee. Norman Mbazima has stepped down from the committee. 공고 • Sep 10
Public Investment Corporation Limited acquired an additional minority stake in Valterra Platinum Limited (JSE:VAL). Public Investment Corporation Limited acquired an additional minority stake in Valterra Platinum Limited (JSE:VAL) on September 9, 2025. After completion of acquisition, Public Investment Corporation now holds 17.208% stake.
Public Investment Corporation Limited completed the acquisition of an additional minority stake in Valterra Platinum Limited (JSE:VAL) on September 9, 2025. 공고 • Sep 06
Valterra Platinum Limited has completed a Follow-on Equity Offering in the amount of ZAR 44.109 billion. Valterra Platinum Limited has completed a Follow-on Equity Offering in the amount of ZAR 44.109 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 52,200,000
Price\Range: ZAR 845
Transaction Features: Subsequent Direct Listing Upcoming Dividend • Aug 14
Upcoming dividend of UK£0.084 per share Eligible shareholders must have bought the stock before 21 August 2025. Payment date: 08 September 2025. Payout ratio is on the higher end at 99%, and the cash payout ratio is above 100%. Trailing yield: 1.5%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (4.0%). Declared Dividend • Jul 31
First half dividend of UK£0.084 announced Shareholders will receive a dividend of UK£0.084. Ex-date: 21st August 2025 Payment date: 8th September 2025 Dividend yield will be 7.6%, which is about the same as the industry average. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio) nor is it covered by cash flows (dividend approximately 5x free cash flows). The dividend has increased by an average of 20% per year over the past 7 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 182% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. Reported Earnings • Jul 29
First half 2025 earnings released: EPS: R2.23 (vs R24.03 in 1H 2024) First half 2025 results: EPS: R2.23 (down from R24.03 in 1H 2024). Revenue: R42.3b (down 19% from 1H 2024). Net income: R585.0m (down 91% from 1H 2024). Profit margin: 1.4% (down from 12% in 1H 2024). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Metals and Mining industry in the United Kingdom. 공고 • Jul 17
Valterra Platinum Limited Announces Changes to Its Board, Effective Immediately Valterra Platinum Limited announced the appointment of Ms. Deborah Gudgeon and Ms. Thoko Mokgosi-Mwantembe as independent non-executive directors with immediate effect. These appointments ensure the appropriate balance of knowledge, skills, experience, and diversity on the Board for it to discharge its governance role and responsibilities objectively and effectively into the future, including in relation to the Company's secondary listing on the London Stock Exchange. Following the appointment of two additional independent non-executive directors, the Company's Board will comprise eleven independent, non-executive directors and two executive directors. New Risk • Jul 04
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Earnings have declined by 13% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.5% net profit margin). Board Change • Jun 03
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Dorian Emmett was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.