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

RTZ is good value based on its Price-To-Earnings Ratio (11.4x) compared to the peer average (12.7x).

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

RTZ is expensive based on its Price-To-Earnings Ratio (11.4x) compared to the European Metals and Mining industry average (11.2x).

What is RTZ'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.

RTZ is good value based on its Price-To-Earnings Ratio (11.4x) compared to the estimated Fair Price-To-Earnings Ratio (47.3x).

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

RTZ (€0.43) is trading below our estimate of [[fair value]] (€0.88)

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

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

Pan African Resources (DB:RTZ) - Stock Price, News & Analysis

RTZ Stock Overview

Engages in the mining, extraction, production, and sale of gold in South Africa. More details

RTZ fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	4/6
Past Performance	5/6
Financial Health	4/6
Dividends	2/6

Rewards

Trading at 51.7% below our estimate of its fair value

Earnings are forecast to grow 27.14% per year

Earnings grew by 30.3% over the past year

Risk Analysis

High level of non-cash earnings

Highly volatile share price over the past 3 months compared to the German market

Dividend of 2.56% is not well covered by free cash flows

Pan African Resources PLC Competitors

Sto SE KGaA

XTRA:STO3

€683.7m

AlzChem Group

XTRA:ACT

€641.1m

Eisen- und Hüttenwerke

DB:EIS

€220.0m

Aurubis

XTRA:NDA

€3.3b

Price History & Performance

Summary of all time highs, changes and price drops for Pan African Resources
Historical stock prices
Current Share Price	UK£0.43
52 Week High	UK£0.47
52 Week Low	UK£0.13
Beta	0.82
11 Month Change	1.55%
3 Month Change	26.79%
1 Year Change	139.33%
33 Year Change	145.96%
5 Year Change	283.09%
Change since IPO	264.10%

Recent updates

Shareholder Returns

	RTZ	DE Metals and Mining	DE Market
7D	0.1%	-0.9%	1.5%
1Y	139.3%	-25.7%	8.8%

Return vs Industry: RTZ exceeded the German Metals and Mining industry which returned -25.7% over the past year.

Return vs Market: RTZ exceeded the German Market which returned 8.8% over the past year.

Price Volatility

Is RTZ's price volatile compared to industry and market?
RTZ volatility
RTZ Average Weekly Movement	15.2%
Metals and Mining Industry Average Movement	11.8%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	11.9%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: RTZ's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: RTZ's weekly volatility has decreased from 23% to 15% over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
n/a	2,700	Cobus Loots	www.panafricanresources.com

Pan African Resources PLC engages in the mining, extraction, production, and sale of gold in South Africa. The company’s flagship projects include the Barberton Mines that consists of three underground mines, including Fairview, Sheba, and Consort located in the Barberton Greenstone Belt; and Elikhulu tailings retreatment plant in Southern Africa. Pan African Resources PLC is headquartered in Johannesburg, South Africa.

Pan African Resources PLC Fundamentals Summary

How do Pan African Resources's earnings and revenue compare to its market cap?
RTZ fundamental statistics
Market cap	€863.16m
Earnings (TTM)	€75.54m
Revenue (TTM)	€355.70m

11.4x

P/E Ratio

2.4x

P/S Ratio

Is RTZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
RTZ income statement (TTM)
Revenue	US$373.80m
Cost of Revenue	US$244.11m
Gross Profit	US$129.68m
Other Expenses	US$50.30m
Earnings	US$79.38m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Feb 12, 2025

Earnings per share (EPS)	0.041
Gross Margin	34.69%
Net Profit Margin	21.24%
Debt/Equity Ratio	35.1%

How did RTZ perform over the long term?

See historical performance and comparison

Dividends

2.6%

Current Dividend Yield

29%

Payout Ratio

Does RTZ pay a reliable dividends?

See RTZ dividend history and benchmarks

When do you need to buy RTZ by to receive an upcoming dividend?
Pan African Resources dividend dates
Ex Dividend Date	Nov 28 2024
Dividend Pay Date	Dec 10 2024
Days until Ex dividend	6 days
Days until Dividend pay date	6 days

Does RTZ pay a reliable dividends?

See RTZ dividend history and benchmarks

RTZ Stock Overview

Rewards

Risk Analysis

Pan African Resources PLC Competitors

XTRA:STO3

€683.7m

XTRA:ACT

€641.1m

DB:EIS

€220.0m

XTRA:NDA

€3.3b

Price History & Performance

Recent News & Updates

Pan African Resources PLC (AIM:PAF) agreed to acquire remaining 92% stake in Tenant Consolidated Mining Group Pty Ltd for $50.8 million

Pan African Resources plc Appoints Marileen Kok to the Board as the Financial Director and as A Member of the Social and Ethics Committee

Dividend of R0.18 announced

New major risk - Earnings quality

Full year 2024 earnings released: EPS: US$0.041 (vs US$0.032 in FY 2023)

Pan African Resources PLC to Report First Half, 2025 Results on Feb 12, 2025

Recent updates

Pan African Resources PLC (AIM:PAF) agreed to acquire remaining 92% stake in Tenant Consolidated Mining Group Pty Ltd for $50.8 million

Pan African Resources plc Appoints Marileen Kok to the Board as the Financial Director and as A Member of the Social and Ethics Committee

Dividend of R0.18 announced

New major risk - Earnings quality

Full year 2024 earnings released: EPS: US$0.041 (vs US$0.032 in FY 2023)

Pan African Resources PLC to Report First Half, 2025 Results on Feb 12, 2025

Pan African Resources plc Proposes Final Dividend for the Year 2024, Payable on December 10, 2024

Pan African Resources PLC Provides Earnings Guidance for the Financial Year Ended 30 June 2024

CEO & Executive Director recently sold €93k worth of stock

Pan African Resources plc Revised Production Guidance for the Year Ending 30 June 2024 and Provides Production Guidance for 2025

Pan African Resources PLC, Annual General Meeting, Nov 21, 2024

Pan African Resources plc Provides Earnings Guidance for the Six Months Ended December 31, 2023

Pan African Resources plc Provides Production Guidance for the Full Year 2024 and 2025

Pan African Resources PLC Approves Final Dividend for the Year Ended 30 June 2023, Payable on 12 December 2023

Pan African Resources PLC Provides Production Guidance for the First Half Year Ending 31 December 2023 and Revises Production Guidance for the Full Year of Fiscal Year 2024

Pan African Resources PLC to Report First Half, 2024 Results on Feb 14, 2024

Full year 2023 earnings released: EPS: US$0.032 (vs US$0.039 in FY 2022)

Pan African Resources PLC Proposes Final Dividend for the Year Ended 30 June 2023, Payable on 12 December 2023

Now 27% undervalued

Pan African Resources plc Provides Operational Update for the Year Ended 30 June 2023

Financial Director & Executive Director recently bought €3.6m worth of stock

Pan African Resources PLC Provides Production Guidance for the Fiscal Year Ending June 30, 2023 and for the Fiscal Year Ending June 30, 2024

Now 23% undervalued

First half 2023 earnings released: EPS: US$0.015 (vs US$0.024 in 1H 2022)

Pan African Resources PLC Provides Earnings Guidance for the Six Months Ended December 31, 2022

Now 29% undervalued after recent price drop

Pan African Resources PLC Provides Production Guidance for the Six Months Ending June 2023 and for the Full Year of 2023

Pan African Resources PLC to Report First Half, 2023 Results on Feb 15, 2023

Pan African Resources Approves Final Dividend for 2022

Upcoming dividend of R0.18 per share

Insufficient new directors

Pan African Resources PLC (AIM:PAF) completed the acquisition of Mintails SA Soweto Cluster Proprietary Limited from Mintails Mining Sa (Pty) Ltd.

Full year 2022 earnings released: EPS: US$0.039 (vs US$0.039 in FY 2021)

Pan African Resources PLC Proposes Final Dividend for the Financial Year 2022

Insufficient new directors

Pan African Resources PLC Provides Production Guidance for the Fiscal Year 2023

Pan African Resources PLC Explores Extensions of Ore Bodies At Barberton Mines with Recently Completed Underground Drilling Programme

First half 2022 earnings: EPS in line with analyst expectations despite revenue beat

Pan African Resources plc Provides Production Guidance for the Full Year 2022

Pan African Resources PLC to Report Fiscal Year 2022 Results on Sep 14, 2022

Pan African Resources PLC (AIM:PAF) agreed to acquire Blyvoor Gold Operations Pty Ltd from Blyvoor Gold (Pty) Ltd for ZAR 110 million.

Upcoming dividend of R0.18 per share

CEO & Executive Director recently bought €59k worth of stock

Lead Independent Director Hester Hickey has left the company

Full year 2021 earnings released: EPS US$0.039 (vs US$0.023 in FY 2020)

Pan African Resources plc Provides Production Guidance for the Financial Year Ending 30 June 2022

Pan African Resources plc Provides Earnings Guidance for the Year Ended June 30, 2021

Pan African Resources PLC Provides Production Guidance for the Fiscal Year 2022

CEO & Executive Director recently bought €7.9m worth of stock

Pan African Resources PLC Announces Renewal of Barberton Mines’ Mining Rights

Pan African Resources PLC Provides Operational Update

CEO & Executive Director recently bought €233k worth of stock

First half 2021 earnings released: EPS US$0.021 (vs US$0.011 in 1H 2020)

Pan African Resources PLC, Annual General Meeting, Nov 25, 2021

New 90-day high: €0.28

New 90-day high: €0.25

Pan African Resources plc Announces Senior Management Changes

Pan African Resources plc Enters into an Engineering, Procurement and Construction Agreement with Juwi South Africa

CEO & Executive Director recently bought €788k worth of stock