AIM:SLP

Stock Analysis Report

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Executive Summary

Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. More Details


Snowflake Analysis

Flawless balance sheet with outstanding 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

Stable Share Price: SLP's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

4.8%

SLP

0.07%

GB Metals and Mining

-0.3%

GB Market


1 Year Return

77.6%

SLP

5.6%

GB Metals and Mining

-16.6%

GB Market

Return vs Industry: SLP exceeded the UK Metals and Mining industry which returned 6.7% over the past year.

Return vs Market: SLP exceeded the UK Market which returned -16.2% over the past year.


Shareholder returns

SLPIndustryMarket
7 Day4.8%0.07%-0.3%
30 Day-4.4%-0.03%0.7%
90 Day38.6%-1.4%-3.4%
1 Year77.6%77.6%10.8%5.6%-13.4%-16.6%
3 Year475.6%453.2%23.5%3.6%-9.6%-20.8%
5 Year684.2%653.6%155.7%95.4%14.5%-11.3%

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

Below Fair Value: SLP (£0.65) is trading below our estimate of fair value (£1.52)

Significantly Below Fair Value: 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 (5.8x) compared to the GB Metals and Mining industry average (13.6x).

PE vs Market: SLP is good value based on its PE Ratio (5.8x) compared to the UK market (18.1x).


Price to Earnings Growth Ratio

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's PB Ratio (1.6x) is in line with the GB Metals and Mining industry average.


Next Steps

Future Growth

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

-3.8%

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 is expected to decline over the next 3 years (-3.8% per year).

High Growth Revenue: SLP's revenue is forecast to decline over the next 3 years (-3.8% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

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?

53.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: SLP has high quality earnings.

Growing Profit Margin: SLP's current net profit margins (35.9%) are higher than last year (25.9%).


Past Earnings Growth Analysis

Earnings Trend: SLP's earnings have grown significantly by 53.6% per year over the past 5 years.

Accelerating Growth: SLP's earnings growth over the past year (124.1%) exceeds its 5-year average (53.6% per year).

Earnings vs Industry: SLP earnings growth over the past year (124.1%) exceeded the Metals and Mining industry -21.7%.


Return on Equity

High ROE: SLP's Return on Equity (29.2%) is considered high.


Next Steps

Financial Health

How is Sylvania Platinum's financial position?


Financial Position Analysis

Short Term Liabilities: SLP's short term assets ($89.2M) exceed its short term liabilities ($9.0M).

Long Term Liabilities: SLP's short term assets ($89.2M) exceed its long term liabilities ($13.2M).


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


Next Steps

Dividend

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

2.35%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: SLP's dividend (2.35%) is higher than the bottom 25% of dividend payers in the UK market (1.82%).

High Dividend: SLP's dividend (2.35%) is low compared to the top 25% of dividend payers in the UK market (5.3%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, SLP has been paying a dividend for less than 10 years.

Growing Dividend: SLP's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.7%), SLP's dividend payments are thoroughly 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

How experienced are the management team and are they aligned to shareholders interests?

0.6yrs

Average management tenure


CEO

Jaco Prinsloo (44 yo)

0.58

Tenure

US$289,218

Compensation

Mr. Johannes Jacobus Prinsloo, B.Eng Metallurgy, PDBA, MBA, also known as Jaco, serves as Managing Director and Chief Executive Officer at Sylvania Platinum Limited since March 1, 2020 and has been its Dir ...


CEO Compensation Analysis

Compensation vs Market: Jaco's total compensation ($USD289.22K) is below average for companies of similar size in the UK market ($USD692.56K).

Compensation vs Earnings: Insufficient data to compare Jaco's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Johannes Prinsloo
MD, CEO & Director0.58yrUS$289.22k0.35%
$ 623.9k
Lewanne Carminati
Finance Director0.58yrUS$266.81k0.32%
$ 560.3k
Terence McConnachie
0.58yrUS$604.59k0%
$ 0
Eileen Carr
Company Secretary & Independent Non-Executive Director5.42yrsUS$111.45k0.0092%
$ 16.3k
Robbie Van Schyff
Executive Officer of Operations0.50yrno datano data
Albert Jordaan
Executive Officer of New Businessno datano datano data
Anton de Vos
Legal & Commercial Adviserno datano datano data

0.6yrs

Average Tenure

53.5yo

Average Age

Experienced Management: SLP's management team is not considered experienced ( 0.6 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Johannes Prinsloo
MD, CEO & Director0.58yrUS$289.22k0.35%
$ 623.9k
Lewanne Carminati
Finance Director0.58yrUS$266.81k0.32%
$ 560.3k
Eileen Carr
Company Secretary & Independent Non-Executive Director5.42yrsUS$111.45k0.0092%
$ 16.3k
Roger Williams
Independent Non-Executive Director8.83yrsUS$97.45k0.40%
$ 709.8k
Stuart Murray
Independent Non-Executive Chairman of the Board7.5yrsUS$137.45k0.38%
$ 666.2k

5.4yrs

Average Tenure

57yo

Average Age

Experienced Board: SLP's board of directors are considered experienced (5.4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

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£176.460m
  • Shares outstanding: 271.48m
  • Website: https://www.sylvaniaplatinum.com

Location

  • Sylvania Platinum Limited
  • Clarendon House
  • 2 Church Street
  • Hamilton
  • HM 11
  • 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 primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, such as platinum, p ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/22 21:15
End of Day Share Price2020/10/22 00:00
Earnings2020/06/30
Annual Earnings2020/06/30


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.