ASX:ZIMMetals and Mining
Zimplats (ASX:ZIM) Shares Catch Attention As Margins Rebuild Fast
Zimplats Holdings walked into this result on a tear, with the stock up about 26% over the past month and closing at A$16.97 on 28 August. The market has been treating it as a low multiple recovery story, with a P/E of 4.7x that sits well below Australian metals and mining peers.
The headline from this earnings release is profit quality. Trailing 12 month net income from continuing operations is US$276.7 million and net profit margin sits at 21.3%, compared with 4.9% a year ago. For a platinum...