Impala Platinum Holdings Limited

DB:IPHB Stock Report

Market Cap: €4.6b

Impala Platinum Holdings Valuation

Is IPHB undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of IPHB when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Discounted Cash Flow
Simply Wall St
€3.61
Fair Value
44.2% overvalued intrinsic discount
6
Number of Analysts

Below Fair Value: IPHB (€5.2) is trading above our estimate of fair value (€3.61)

Significantly Below Fair Value: IPHB is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for IPHB?

Key metric: As IPHB is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for IPHB. This is calculated by dividing IPHB's market cap by their current revenue.
What is IPHB's PS Ratio?
PS Ratio1x
SalesR86.40b
Market CapR88.88b

Price to Sales Ratio vs Peers

How does IPHB's PS Ratio compare to its peers?

The above table shows the PS ratio for IPHB vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average0.6x
NDA Aurubis
0.2x3.6%€3.3b
TKA thyssenkrupp
0.07x1.1%€2.6b
FPE3 Fuchs
1.5x3.5%€4.7b
WCH Wacker Chemie
0.6x4.4%€3.3b
IPHB Impala Platinum Holdings
1x8.2%€88.9b

Price-To-Sales vs Peers: IPHB is expensive based on its Price-To-Sales Ratio (1x) compared to the peer average (0.6x).

Price to Sales Ratio vs Industry

How does IPHB's PS Ratio compare vs other companies in the European Metals and Mining Industry?

31 CompaniesPrice / SalesEstimated GrowthMarket Cap
IPHB 1.0xIndustry Avg. 0.7xNo. of Companies31PS00.81.62.43.24+
31 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: IPHB is expensive based on its Price-To-Sales Ratio (1x) compared to the European Metals and Mining industry average (0.7x).

Price to Sales Ratio vs Fair Ratio

What is IPHB's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

IPHB PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio1x
Fair PS Ratio0.4x

Price-To-Sales vs Fair Ratio: IPHB is expensive based on its Price-To-Sales Ratio (1x) compared to the estimated Fair Price-To-Sales Ratio (0.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst IPHB forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€5.20
€5.71
+9.9%
15.1%€6.70€4.12n/a6
Jan ’26€4.55
€5.75
+26.4%
16.6%€6.85€4.21n/a6
Dec ’25€5.50
€5.85
+6.4%
18.8%€7.34€4.19n/a6
Nov ’25€6.30
€5.58
-11.4%
15.9%€7.04€4.17n/a7
Oct ’25€5.20
€5.29
+1.7%
18.2%€6.90€3.58n/a7
Sep ’25€3.95
€5.37
+35.8%
18.1%€6.85€3.55n/a7
Aug ’25€4.64
€5.16
+11.1%
21.0%€6.79€3.52n/a8
Jul ’25€4.52
€5.38
+19.0%
24.4%€7.35€3.53n/a8
Jun ’25€4.74
€5.38
+13.4%
24.4%€7.35€3.53n/a8
May ’25€4.50
€5.14
+14.3%
24.0%€7.16€3.43n/a8
Apr ’25€3.90
€4.66
+19.5%
18.0%€6.61€3.91n/a8
Mar ’25€3.13
€4.46
+42.4%
21.0%€6.52€3.04n/a9
Feb ’25€3.55
€5.54
+56.0%
41.0%€11.37€3.51n/a9
Jan ’25€4.42
€5.84
+32.2%
39.7%€11.25€3.47€4.559
Dec ’24€3.71
€6.01
+62.0%
39.1%€11.46€3.54€5.509
Nov ’24€3.88
€6.29
+62.0%
38.9%€11.49€4.00€6.309
Oct ’24€4.93
€7.09
+43.7%
32.0%€11.47€4.49€5.208
Sep ’24€4.60
€8.30
+80.5%
23.6%€12.09€6.04€3.957
Aug ’24€6.40
€9.28
+45.0%
24.9%€12.50€6.50€4.646
Jul ’24€6.10
€9.88
+62.0%
22.1%€12.32€6.65€4.526
Jun ’24€7.38
€10.20
+38.2%
15.4%€11.92€7.39€4.746
May ’24€8.70
€11.13
+27.9%
18.9%€14.52€7.90€4.506
Apr ’24€8.50
€11.84
+39.3%
18.9%€14.52€7.89€3.906
Mar ’24€9.14
€12.41
+35.8%
17.4%€15.68€8.77€3.136
Feb ’24€10.45
€13.13
+25.7%
18.5%€16.25€9.09€3.556
Jan ’24€11.50
€12.72
+10.6%
17.1%€15.76€9.24€4.427
Analyst Price Target
Consensus Narrative from 6 Analysts
€5.83
Fair Value
10.9% undervalued intrinsic discount
6
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/20 13:33
End of Day Share Price 2025/01/17 00:00
Earnings2024/06/30
Annual Earnings2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Impala Platinum Holdings Limited is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Gerhard EngelbrechtAbsa Bank Limited
Richard HartArqaam Capital Research Offshore S.A.L.
Wade NapierAvior Capital Markets