S32 Stock Overview
South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America.
Price History & Performance
|Historical stock prices|
|Current Share Price||AU$3.63|
|52 Week High||AU$5.44|
|52 Week Low||AU$3.40|
|1 Month Change||-12.53%|
|3 Month Change||-6.20%|
|1 Year Change||3.42%|
|3 Year Change||49.38%|
|5 Year Change||9.01%|
|Change since IPO||77.07%|
Recent News & Updates
Here's Why South32 (ASX:S32) Has Caught The Eye Of Investors
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...
|S32||AU Metals and Mining||AU Market|
Return vs Industry: S32 matched the Australian Metals and Mining industry which returned 3.5% over the past year.
Return vs Market: S32 exceeded the Australian Market which returned -9.7% over the past year.
|S32 Average Weekly Movement||5.8%|
|Metals and Mining Industry Average Movement||11.4%|
|Market Average Movement||9.5%|
|10% most volatile stocks in AU Market||16.7%|
|10% least volatile stocks in AU Market||4.2%|
Stable Share Price: S32 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: S32's weekly volatility (6%) has been stable over the past year.
About the Company
South32 Limited operates as a diversified metals and mining company in Australia, Southern Africa, North America, and South America. The company operates through Worsley Alumina, Brazil Alumina, Brazil Aluminium, Hillside Aluminium, Mozal Aluminium, Sierra Gorda, Cannington, Hermosa, Cerro Matoso, Illawarra Metallurgical Coal, Australia Manganese, and South Africa Manganese segments. It has a portfolio of assets producing bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, ferronickel, and other base metals.
South32 Fundamentals Summary
|S32 fundamental statistics|
Is S32 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|S32 income statement (TTM)|
|Cost of Revenue||US$3.19b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 24, 2022
|Earnings per share (EPS)||0.58|
|Net Profit Margin||28.24%|
How did S32 perform over the long term?See historical performance and comparison
13.2%Current Dividend Yield
Is S32 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 6/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for S32?
Other financial metrics that can be useful for relative valuation.
|What is S32's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does S32's PE Ratio compare to its peers?
|S32 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MIN Mineral Resources
LYC Lynas Rare Earths
ILU Iluka Resources
Price-To-Earnings vs Peers: S32 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the peer average (21.8x).
Price to Earnings Ratio vs Industry
How does S32's PE Ratio compare vs other companies in the AU Metals and Mining Industry?
Price-To-Earnings vs Industry: S32 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the Australian Metals and Mining industry average (8.5x)
Price to Earnings Ratio vs Fair Ratio
What is S32's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||4.1x|
|Fair PE Ratio||11.4x|
Price-To-Earnings vs Fair Ratio: S32 is good value based on its Price-To-Earnings Ratio (4.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).
Share Price vs Fair Value
What is the Fair Price of S32 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: S32 (A$3.63) is trading below our estimate of fair value (A$7.17)
Significantly Below Fair Value: S32 is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.
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How is South32 forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S32's earnings are forecast to decline over the next 3 years (-17.4% per year).
Earnings vs Market: S32's earnings are forecast to decline over the next 3 years (-17.4% per year).
High Growth Earnings: S32's earnings are forecast to decline over the next 3 years.
Revenue vs Market: S32's revenue is expected to decline over the next 3 years (-4.7% per year).
High Growth Revenue: S32's revenue is forecast to decline over the next 3 years (-4.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: S32's Return on Equity is forecast to be low in 3 years time (12.3%).
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How has South32 performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S32 has high quality earnings.
Growing Profit Margin: S32's current net profit margins (28.2%) are higher than last year (2.5%).
Past Earnings Growth Analysis
Earnings Trend: S32's earnings have declined by 1.9% per year over the past 5 years.
Accelerating Growth: S32's earnings growth over the past year (1779.6%) exceeds its 5-year average (-1.9% per year).
Earnings vs Industry: S32 earnings growth over the past year (1779.6%) exceeded the Metals and Mining industry 22.7%.
Return on Equity
High ROE: S32's Return on Equity (24.8%) is considered high.
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How is South32's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: S32's short term assets ($4.2B) exceed its short term liabilities ($1.9B).
Long Term Liabilities: S32's short term assets ($4.2B) exceed its long term liabilities ($3.7B).
Debt to Equity History and Analysis
Debt Level: S32 has more cash than its total debt.
Reducing Debt: S32's debt to equity ratio has increased from 4.1% to 10.9% over the past 5 years.
Debt Coverage: S32's debt is well covered by operating cash flow (260.8%).
Interest Coverage: S32's interest payments on its debt are well covered by EBIT (701.4x coverage).
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What is South32 current dividend yield, its reliability and sustainability?
Dividend Score 4/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|South32 Dividend Yield vs Market|
|Market Bottom 25% (AU)||2.8%|
|Market Top 25% (AU)||7.2%|
|Industry Average (Metals and Mining)||10.3%|
|Analyst forecast in 3 Years (South32)||7.0%|
Notable Dividend: S32's dividend (13.18%) is higher than the bottom 25% of dividend payers in the Australian market (2.77%).
High Dividend: S32's dividend (13.18%) is in the top 25% of dividend payers in the Australian market (7.18%)
Stability and Growth of Payments
Stable Dividend: S32 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: S32's dividend payments have increased, but the company has only paid a dividend for 6 years.
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.5%), S32's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (57.6%), S32's dividend payments are covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Graham Kerr (51 yo)
Mr. Graham Kerr, BBus, FCPA, has been the Chief Executive Officer and Managing Director of South32 Limited since August 2014 and December 9, 2015 respectively. He is responsible for running all facets of t...
CEO Compensation Analysis
|Graham Kerr's Compensation vs South32 Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||US$4m||US$1m|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||n/a||n/a|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||US$5m||US$1m|
|Dec 31 2020||n/a||n/a|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||US$5m||US$1m|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||n/a||n/a|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||US$5m||US$1m|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||n/a||n/a|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||US$5m||US$1m|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||n/a||n/a|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||US$6m||US$1m|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||n/a||n/a|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||US$5m||US$1m|
Compensation vs Market: Graham's total compensation ($USD4.40M) is about average for companies of similar size in the Australian market ($USD3.85M).
Compensation vs Earnings: Graham's compensation has been consistent with company performance over the past year.
Experienced Management: S32's management team is considered experienced (3.6 years average tenure).
Experienced Board: S32's board of directors are considered experienced (7.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|16 Sep 22||BuyAU$18,306,881||State Street Global Advisors, Inc.||Company||4,718,269||AU$3.88|
|14 Sep 22||BuyAU$15,005,325||State Street Global Advisors, Inc.||Company||3,556,208||AU$4.30|
|06 Sep 22||SellAU$6,032,726||State Street Global Advisors, Inc.||Company||1,428,706||AU$4.28|
|19 Jul 22||BuyAU$125,650||State Street Global Advisors, Inc.||Company||36,003||AU$3.49|
|15 Jul 22||SellAU$33,473||State Street Global Advisors, Inc.||Company||9,816||AU$3.41|
|13 Jul 22||BuyAU$3,126,876||State Street Global Advisors, Inc.||Company||893,393||AU$3.50|
|12 Jul 22||BuyAU$114,548,186||State Street Global Advisors, Inc.||Company||22,355,167||AU$5.31|
|17 Jun 22||BuyAU$0||The Vanguard Group, Inc.||Company||18,585,926||AU$5.39|
|17 Jun 22||SellAU$0||The Vanguard Group, Inc.||Company||3,715,196||AU$5.36|
|26 Apr 22||BuyAU$8,996||Ntombifuthi Temperance Mtoba||Individual||2,000||AU$4.50|
|26 Nov 21||SellAU$44,647,523||Schroder Investment Management Limited||Company||28,516,641||AU$1.88|
|11 Nov 21||BuyAU$5,291,374||Schroder Investment Management Limited||Company||1,589,854||AU$3.33|
|11 Nov 21||SellAU$150,591,019||Schroder Investment Management Limited||Company||48,453,168||AU$3.71|
|05 Nov 21||BuyAU$37,936,107||The Vanguard Group, Inc.||Company||9,775,819||AU$3.90|
|05 Nov 21||SellAU$9,150,313||The Vanguard Group, Inc.||Company||2,376,853||AU$3.97|
|Owner Type||Number of Shares||Ownership Percentage|
|State or Government||155,716,297||3.4%|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
South32 Limited's employee growth, exchange listings and data sources
- Name: South32 Limited
- Ticker: S32
- Exchange: ASX
- Founded: 2000
- Industry: Diversified Metals and Mining
- Sector: Materials
- Implied Market Cap: AU$16.822b
- Shares outstanding: 4.60b
- Website: https://www.south32.net
Number of Employees
- South32 Limited
- 108 St Georges Terrace
- Level 35
- Western Australia
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|S32||ASX (Australian Securities Exchange)||Yes||Ordinary Shares||AU||AUD||May 2015|
|S32||JSE (The Johannesburg Securities Exchange)||Yes||Ordinary Shares||ZA||ZAR||May 2015|
|S32||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||GBP||May 2015|
|32Z||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||May 2015|
|S32||CHIA (Chi-X Australia)||Yes||Ordinary Shares||AU||AUD||May 2015|
|SHTL.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||May 2015|
|S32L||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||GBP||May 2015|
|SOUH.Y||OTCPK (Pink Sheets LLC)||SPONSORED ADR||US||USD||May 2015|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.