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$3.71|
|52 Week High||AU$4.07|
|52 Week Low||AU$2.44|
|1 Month Change||6.00%|
|3 Month Change||13.11%|
|1 Year Change||46.06%|
|3 Year Change||18.91%|
|5 Year Change||23.67%|
|Change since IPO||80.98%|
Recent News & Updates
Is South32 (ASX:S32) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
We Think South32's (ASX:S32) Solid Earnings Are Understated
South32 Limited's ( ASX:S32 ) solid earnings announcement recently didn't do much to the stock price. We did some...
Investors Could Be Concerned With South32's (ASX:S32) Returns On Capital
What financial metrics can indicate to us that a company is maturing or even in decline? A business that's potentially...
|S32||AU Metals and Mining||AU Market|
Return vs Industry: S32 exceeded the Australian Metals and Mining industry which returned 10.3% over the past year.
Return vs Market: S32 exceeded the Australian Market which returned 11.7% over the past year.
|S32 Average Weekly Movement||4.6%|
|Metals and Mining Industry Average Movement||10.5%|
|Market Average Movement||8.4%|
|10% most volatile stocks in AU Market||15.7%|
|10% least volatile stocks in AU Market||3.7%|
Stable Share Price: S32 is less volatile than 75% of Australian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: S32's weekly volatility (5%) 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, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Managanese, Cerro Matoso, Cannington, Hermosa, and South Africa Energy Coal segments. It has a portfolio of assets producing alumina, aluminum, bauxite, energy and metallurgical coal, manganese ore and alloy, ferronickel, silver, lead, zinc, 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$2.21b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Jan 24, 2022
|Earnings per share (EPS)||0.031|
|Net Profit Margin||2.55%|
How did S32 perform over the long term?See historical performance and comparison
2.6%Current Dividend Yield
Is South32 undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: S32 (A$3.67) is trading below our estimate of fair value (A$7.41)
Significantly Below Fair Value: S32 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: S32 is poor value based on its PE Ratio (85.2x) compared to the Australian Metals and Mining industry average (9.1x).
PE vs Market: S32 is poor value based on its PE Ratio (85.2x) compared to the Australian market (12.6x).
Price to Earnings Growth Ratio
PEG Ratio: S32 is poor value based on its PEG Ratio (6.4x)
Price to Book Ratio
PB vs Industry: S32 is good value based on its PB Ratio (1.4x) compared to the AU Metals and Mining industry average (1.9x).
How is South32 forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: S32's forecast earnings growth (13.4% per year) is above the savings rate (1.9%).
Earnings vs Market: S32's earnings (13.4% per year) are forecast to grow faster than the Australian market (11.8% per year).
High Growth Earnings: S32's earnings are forecast to grow, but not significantly.
Revenue vs Market: S32's revenue (3.6% per year) is forecast to grow slower than the Australian market (5.2% per year).
High Growth Revenue: S32's revenue (3.6% per year) is forecast to grow slower than 20% 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 (12.2%).
How has South32 performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: S32 has a large one-off loss of $787.0M impacting its June 30 2021 financial results.
Growing Profit Margin: S32's current net profit margins (2.5%) are lower than last year (3.1%).
Past Earnings Growth Analysis
Earnings Trend: S32 has become profitable over the past 5 years, growing earnings by -11.1% per year.
Accelerating Growth: S32's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: S32 had negative earnings growth (-10.1%) over the past year, making it difficult to compare to the Metals and Mining industry average (35.3%).
Return on Equity
High ROE: S32's Return on Equity (1.6%) is considered low.
How is South32's financial position?
Financial Position Analysis
Short Term Liabilities: S32's short term assets ($2.9B) exceed its short term liabilities ($1.5B).
Long Term Liabilities: S32's short term assets ($2.9B) exceed its long term liabilities ($2.8B).
Debt to Equity History and Analysis
Debt Level: S32 has more cash than its total debt.
Reducing Debt: S32's debt to equity ratio has increased from 3.3% to 5.8% over the past 5 years.
Debt Coverage: S32's debt is well covered by operating cash flow (270.2%).
Interest Coverage: S32's interest payments on its debt are well covered by EBIT (14.6x coverage).
What is South32 current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: S32's dividend (2.65%) is higher than the bottom 25% of dividend payers in the Australian market (2.3%).
High Dividend: S32's dividend (2.65%) is low compared to the top 25% of dividend payers in the Australian market (5.59%).
Stability and Growth of Payments
Stable Dividend: S32 has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: S32's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (164.6%), S32's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: S32's dividends in 3 years are forecast to be covered by earnings (51.7% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Graham Kerr (50 yo)
Mr. Graham Kerr, BBus, FCPA, has been the Chief Executive Officer and Managing Director of South32 Limited since August 2014 and December 9, 2015 respectively. He is responsible for running all facets of t...
CEO Compensation Analysis
Compensation vs Market: Graham's total compensation ($USD4.80M) is about average for companies of similar size in the Australian market ($USD3.74M).
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 (2 years average tenure).
Experienced Board: S32's board of directors are considered experienced (6.6 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
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
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
- Market Cap: AU$17.040b
- Shares outstanding: 4.64b
- Website: https://www.south32.net
Number of Employees
- South32 Limited
- 108 St Georges Terrace
- Level 36
- Western Australia
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/12/02 07:05|
|End of Day Share Price||2021/12/02 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.