Anglo American Platinum Limited

DB:RPHA Stock Report

Market Cap: €8.9b

Anglo American Platinum Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: RPHA (€34.7) is trading above our estimate of fair value (€8.68)

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

Key Valuation Metric

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

Key metric: As RPHA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for RPHA. This is calculated by dividing RPHA's market cap by their current earnings.
What is RPHA's PE Ratio?
PE Ratio14.8x
EarningsR11.62b
Market CapR171.61b

Price to Earnings Ratio vs Peers

How does RPHA's PE Ratio compare to its peers?

The above table shows the PE ratio for RPHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
EVK Evonik Industries
35.9x33.1%€8.2b
NDA Aurubis
9.4x-6.2%€3.5b
FPE3 Fuchs
19.1x8.9%€5.1b
WCH Wacker Chemie
29.4x38.0%€3.6b
RPHA Anglo American Platinum
14.8x17.5%€171.6b

Price-To-Earnings vs Peers: RPHA is good value based on its Price-To-Earnings Ratio (14.8x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
RPHA 14.8xIndustry Avg. 12.9xNo. of Companies15PE0816243240+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: RPHA is expensive based on its Price-To-Earnings Ratio (14.8x) compared to the European Metals and Mining industry average (13.1x).

Price to Earnings Ratio vs Fair Ratio

What is RPHA'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.

RPHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.8x
Fair PE Ratio25x

Price-To-Earnings vs Fair Ratio: RPHA is good value based on its Price-To-Earnings Ratio (14.8x) compared to the estimated Fair Price-To-Earnings Ratio (25x).

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 RPHA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current€34.70
€36.44
+5.0%
14.9%€45.51€30.10n/a9
Nov ’25€37.50
€36.49
-2.7%
15.8%€45.94€30.12n/a9
Oct ’25€33.20
€35.91
+8.2%
15.6%€45.57€29.62n/a9
Sep ’25€31.20
€35.34
+13.3%
15.2%€44.51€28.93n/a9
Aug ’25€35.10
€35.28
+0.5%
14.2%€44.15€28.70n/a10
Jul ’25€28.90
€37.35
+29.2%
17.1%€51.55€28.35n/a10
Jun ’25€30.40
€37.32
+22.8%
15.1%€49.07€29.44n/a9
May ’25€34.00
€37.56
+10.5%
9.3%€43.96€33.08n/a7
Apr ’25€36.70
€36.15
-1.5%
8.9%€40.07€29.27n/a10
Mar ’25€34.90
€35.92
+2.9%
8.6%€39.50€29.24n/a10
Feb ’25€39.30
€39.03
-0.7%
25.9%€68.74€31.92n/a10
Jan ’25€46.30
€38.83
-16.1%
25.5%€68.16€32.18n/a10
Dec ’24€37.40
€38.95
+4.1%
25.9%€68.48€30.72n/a10
Nov ’24€32.60
€40.95
+25.6%
24.8%€69.23€31.06€37.5010
Oct ’24€35.90
€48.19
+34.2%
25.0%€69.79€37.14€33.2010
Sep ’24€32.10
€50.63
+57.7%
26.8%€82.72€36.25€31.2010
Aug ’24€44.40
€54.50
+22.7%
24.8%€87.07€41.49€35.1010
Jul ’24€41.80
€56.61
+35.4%
21.5%€82.77€43.82€28.909
Jun ’24€53.40
€59.91
+12.2%
23.8%€95.39€47.69€30.409
May ’24€52.20
€62.23
+19.2%
25.1%€99.23€48.62€34.008
Apr ’24€51.20
€66.37
+29.6%
23.0%€101.87€50.93€36.708
Mar ’24€53.00
€68.44
+29.1%
21.5%€102.90€51.45€34.909
Feb ’24€68.60
€75.33
+9.8%
20.3%€106.92€53.46€39.309
Jan ’24€79.80
€81.18
+1.7%
23.6%€126.20€53.70€46.3010
Dec ’23€97.80
€85.55
-12.5%
21.0%€132.39€63.66€37.4010
Nov ’23€80.00
€84.70
+5.9%
20.7%€131.50€67.15€32.6010

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

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