AIM:SLP

Stock Analysis Report

Executive Summary

Sylvania Platinum Limited engages in the exploration of mineral properties in South Africa and Mauritius.

Snowflake

Fundamentals

Flawless balance sheet with solid track record.

Share Price & News

How has Sylvania Platinum's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.5%

SLP

1.3%

GB Metals and Mining

1.1%

GB Market


1 Year Return

101.1%

SLP

1.6%

GB Metals and Mining

2.7%

GB Market

Return vs Industry: SLP exceeded the UK Metals and Mining industry which returned 1.6% over the past year.

Return vs Market: SLP exceeded the UK Market which returned 2.7% over the past year.


Shareholder returns

SLPIndustryMarket
7 Day0.5%1.3%1.1%
30 Day-9.3%-6.5%-1.7%
90 Day24.0%-11.4%-2.7%
1 Year104.8%101.1%10.1%1.6%7.8%2.7%
3 Year381.0%372.4%58.8%33.1%19.3%4.7%
5 Year431.6%422.1%48.7%21.5%38.0%8.1%

Price Volatility Vs. Market

How volatile is Sylvania Platinum's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Sylvania Platinum undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: SLP (£0.37) is trading below our estimate of fair value (£2.26)

Significantly Undervalued: SLP is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: SLP is good value based on its PE Ratio (7.3x) compared to the Metals and Mining industry average (8.7x).

PE vs Market: SLP is good value based on its PE Ratio (7.3x) compared to the UK market (16.4x).


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate SLP's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SLP is overvalued based on its PB Ratio (1x) compared to the GB Metals and Mining industry average (1x).


Next Steps

Future Growth

How is Sylvania Platinum forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

7.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if SLP's forecast earnings growth is above the savings rate (1.2%).

Earnings vs Market: Insufficient data to determine if SLP's earnings are forecast to grow faster than the UK market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: SLP's revenue (7% per year) is forecast to grow faster than the UK market (3.8% per year).

High Growth Revenue: SLP's revenue (7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if SLP's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Sylvania Platinum performed over the past 5 years?

51.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SLP has become profitable over the past 5 years, growing earnings by 51.8% per year.

Accelerating Growth: SLP's earnings growth over the past year (65.7%) exceeds its 5-year average (51.8% per year).

Earnings vs Industry: SLP earnings growth over the past year (65.7%) exceeded the Metals and Mining industry 3.8%.


Return on Equity

High ROE: SLP's Return on Equity (14.3%) is considered low.


Return on Assets

ROA vs Industry: SLP has a higher Return on Assets than the Metals and Mining industry average last year.


Return on Capital Employed

ROCE Improving: SLP has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Sylvania Platinum's financial position?


Financial Position Analysis

Short Term Liabilities: SLP's short term assets ($59.1M) exceeds its short term liabilities ($6.9M)

Long Term Liabilities: SLP's short term assets (59.1M) exceeds its long term liabilities (18.1M)


Debt to Equity History and Analysis

Debt Level: SLP is debt free.

Reducing Debt: SLP has not had any debt for past 5 years.

Debt Coverage: SLP has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: SLP has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: SLP has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if SLP's debt is covered by short term assets.


Next Steps

Dividend

What is Sylvania Platinum's current dividend yield, its reliability and sustainability?

2.14%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Sylvania Platinum before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company2.1%marketbottom25%2.0%markettop25%5.4%industryaverage7.6%forecastin3Years4.7%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: SLP's dividend (2.14%) is higher than the bottom 25% of dividend payers in the UK market (2.01%).

High Dividend: SLP's dividend (2.14%) is low compared to the top 25% of dividend payers in the UK market (5.44%).

Stable Dividend: Too early to tell whether SLP's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if SLP's dividend payments are increasing as they only just started paying a dividend.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (15.7%), SLP's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

What is the CEO of Sylvania Platinum's salary, the management and board of directors tenure and is there insider trading?

7.2yrs

Average board tenure


CEO

Terry McConnachie (63yo)

9.8yrs

Tenure

US$505,004

Compensation

Mr. Terence Michael McConnachie, also known as Terry, has been the Chief Executive Officer of Sylvania Platinum Limited since 2010. Mr. McConnachie has been the Chief Executive Officer of Sylvania Resource ...


CEO Compensation Analysis

Compensation vs. Market: Terry's total compensation ($USD505.00K) is about average for companies of similar size in the UK market ($USD314.44K).

Compensation vs Earnings: Terry's compensation has been consistent with company performance over the past year.


Board Age and Tenure

7.2yrs

Average Tenure

59.5yo

Average Age

Experienced Board: SLP's board of directors are considered experienced (7.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Terry McConnachie (63yo)

    CEO & Director

    • Tenure: 9.8yrs
    • Compensation: US$505.00k
  • Lewanne Carminati

    Executive Officer of Finance

    • Tenure: 8.8yrs
  • Jaco Prinsloo

    Managing Director Sylvania Metals (Pty) Limited

    • Tenure: 0yrs
  • Albert Jordaan

    Executive Officer of New Business

    • Tenure: 0yrs
  • Anton de Vos

    Legal & Commercial Adviser

    • Tenure: 0yrs

Board Members

  • Roger Williams (56yo)

    Independent Non-Executive Director

    • Tenure: 7.8yrs
    • Compensation: US$85.00k
  • Stuart Murray (57yo)

    Independent Chairman of the Board

    • Tenure: 6.5yrs
    • Compensation: US$125.00k
  • Eileen Carr (62yo)

    Assistant Company Secretary & Independent Non-Executive Director

    • Tenure: 4.4yrs
    • Compensation: US$99.00k
  • Terry McConnachie (63yo)

    CEO & Director

    • Tenure: 9.8yrs
    • Compensation: US$505.00k

Company Information

Sylvania Platinum Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Sylvania Platinum Limited
  • Ticker: SLP
  • Exchange: AIM
  • Founded:
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: UK£104.748m
  • Shares outstanding: 282.34m
  • Website: https://www.sylvaniaplatinum.com

Location

  • Sylvania Platinum Limited
  • Clarendon House
  • 2 Church Street
  • Hamilton
  • HM11
  • Bermuda

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SAPL.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDFeb 2001
SLPAIM (London Stock Exchange AIM Market)YesOrdinary SharesGBGBPFeb 2001
31LDB (Deutsche Boerse AG)YesOrdinary SharesDEEURFeb 2001

Biography

Sylvania Platinum Limited engages in the exploration of mineral properties in South Africa and Mauritius. It primarily extracts for platinum group based metals, such as platinum, palladium, and rhodium. Th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 21:17
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/06/30


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.