Sibanye Stillwater Limited

NYSE:SBSW Stock Report

Market Cap: US$11.0b

Sibanye Stillwater Management

Management criteria checks 3/4

Sibanye Stillwater's CEO is Richard Stewart, appointed in Sep 2025, has a tenure of less than a year. total yearly compensation is ZAR20.56M, comprised of 34.8% salary and 65.2% bonuses, including company stock and options. directly owns 0.028% of the company’s shares, worth $3.07M. The average tenure of the management team and the board of directors is 4.8 years and 6.8 years respectively.

Key information

Richard Stewart

Chief executive officer

R20.6m

Total compensation

CEO salary percentage34.85%
CEO tenureless than a year
CEO ownership0.03%
Management average tenure4.8yrs
Board average tenure6.8yrs

Recent management updates

Recent updates

Sibanye Stillwater: You Haven't Seen Anything Yet

Dec 25

Sibanye Stillwater: Possibly Overbought After Its Latest Surge

Mar 22

Sibanye Stillwater: Deep Value Play, But Don't Buy Yet

Feb 24

Sibanye Stillwater: Still Bullish Going Into 2025

Dec 07

Sibanye Stillwater Stock May Have Found The Bottom

Sep 18

Sibanye Stillwater: Recovery Hope Dies Last

Aug 22

Sibanye Stillwater: Time To Test The Waters (Rating Upgrade)

Jun 12

Sibanye Stillwater Stock: A Cyclical Swing Underway

May 20

Sibanye Stillwater: Bet On Growing PGM Deficit (Rating Upgrade)

Apr 11

Sibanye Stillwater: Not Yet Out Of The Woods

Mar 13

Sibanye-Stillwater: Still A Bit Early To Engage

Feb 21

Sibanye Stillwater: An Opportunity For The Brave

Jan 05

Sibanye Stillwater: High Risk, High Reward

Dec 10

Sibanye Stillwater: When A Solid Business And Market Fundamentals Are Not Enough

Nov 20

Sibanye Stillwater Still Looks Good For A Patient Investor

Oct 18

Sibanye: Restructuring Kloof, PGM Tailings Synergies A Possibility

Sep 15

Sibanye Stillwater: Stock Still A Buy Despite Disappointing H123 Results

Sep 08

Sibanye: Dr. Burry's Divestment, Additional Social Unrest, And More

Aug 17

Sibanye Stillwater Hopes To Offer A Metal Mosaic

Aug 07

Sibanye Stillwater: Newly Released Mining Data To Shock The Market

Jul 13

Sibanye Stillwater: Recent Developments And Valuation Update

Jun 22

Sibanye Stillwater: Have Valuations Finally Struck Gold?

Jun 09

Downgrading Sibanye Stillwater To A Hold Amid Rising Risk Premiums

May 25

Sibanye Stillwater: Buying Into The Dip

Feb 14

Sibanye Stillwater: This Bottom Is Unlikely To Hold (Technical Analysis)

Oct 12

Sibanye Stillwater: Unknown Risks Uncovered

Sep 09

Sibanye-Stillwater GAAP EPS of $0.28, revenue of $4.57B

Aug 25

The Bottom Fishing Club: Sibanye Stillwater

Aug 19

Our Take On Sibanye's Lithium Expansion

Jul 05

Sibanye Stillwater: Speculative Buy Signal Triggered

Jun 21

Sibanye Stillwater: Why We Think It's A Risk Worth Taking

Jun 15

CEO Compensation Analysis

How has Richard Stewart's remuneration changed compared to Sibanye Stillwater's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2025n/an/a

-R4b

Mar 31 2025n/an/a

-R5b

Dec 31 2024R21mR7m

-R7b

Sep 30 2024n/an/a

-R30b

Jun 30 2024n/an/a

-R53b

Mar 31 2024n/an/a

-R45b

Dec 31 2023R20mR6m

-R38b

Sep 30 2023n/an/a

-R12b

Jun 30 2023n/an/a

R14b

Mar 31 2023n/an/a

R16b

Dec 31 2022R60mR6m

R18b

Sep 30 2022n/an/a

R19b

Jun 30 2022n/an/a

R20b

Mar 31 2022n/an/a

R27b

Dec 31 2021R83mR5m

R33b

Sep 30 2021n/an/a

R39b

Jun 30 2021n/an/a

R45b

Mar 31 2021n/an/a

R37b

Dec 31 2020R19mR4m

R29b

Sep 30 2020n/an/a

R20b

Jun 30 2020n/an/a

R10b

Mar 31 2020n/an/a

R5b

Dec 31 2019R9mR4m

R62m

Compensation vs Market: Richard's total compensation ($USD1.25M) is below average for companies of similar size in the US market ($USD13.27M).

Compensation vs Earnings: Richard's compensation has increased whilst the company is unprofitable.

CEO

Richard Stewart (49 yo)

less than a year
Tenure
R20,564,000
Compensation

Dr. Richard Andrew Stewart, BSc (Hons), Ph.D. (Geology), Pr Sci.Nat, M.B.A. served as Chief Operating Officer at Sibanye Stillwater Limited since April 2021 until May 31, 2022 and served as its Chief Regio...

Leadership Team

NamePositionTenureCompensationOwnership
Richard Stewart
CEO & Executive Directorless than a yearR20.56m0.028%
$ 3.1m
Charl Keyter
CFO, Interim Chief Commercial & Development Officer and Executive Director13yrsR23.54m0.065%
$ 7.1m
Robert Van Niekerk
Chief Technical & Innovation Officer5.8yrsR23.20m0.017%
$ 1.9m
Themba Nkosi
Chief People & Culture Officer2.4yrsR14.57m0.0089%
$ 980.8k
Mika Seitovirta
Chief Regional Officer - Europe4.1yrsR26.65mno data
Charles Carter
Chief Regional Officer of Americas3.6yrsR33.98m0.024%
$ 2.6m
Melanie Naidoo-Vermaak
Chief Sustainability Officer2yrsR16.50m0.0052%
$ 572.6k
James Wellsted
Executive Vice President of Investor Relations & Corporate Affairsno dataR4.86mno data
Kleantha Pillay
Executive Vice President of Sales & Marketing6.8yrsno datano data
Bheki Khumalo
Executive VP & Head of Group Human Resources4.8yrsno datano data
Thabisile Phumo
Executive Vice President of Stakeholder Relations7.8yrsR2.31mno data
Johannes van Aswegen
Executive Vice President of Mining Operations5yrsno datano data
4.8yrs
Average Tenure
51.5yo
Average Age

Experienced Management: SBSW's management team is considered experienced (4.8 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Richard Stewart
CEO & Executive Directorless than a yearR20.56m0.028%
$ 3.1m
Charl Keyter
CFO, Interim Chief Commercial & Development Officer and Executive Director13.2yrsR23.54m0.065%
$ 7.1m
Richard Menell
Non-Executive Director13yrsR2.71m0.00036%
$ 39.7k
Sindiswa Zilwa
Independent Non-Executive Director5yrsR2.35mno data
Harry James Kenyon-Slaney
Lead Independent Director7yrsR5.43m0.00060%
$ 66.2k
Timothy Cumming
Non-Executive Director12.9yrsR2.59m0.00071%
$ 78.3k
Philippe François Boisseau
Independent Non-Executive Director1.8yrsR2.49mno data
Keith Rayner
Independent Non-Executive Director13yrsR3.34m0.0028%
$ 307.8k
Thabane Maphai
Independent Non-Executive Chairman6.6yrsR3.87m0.0082%
$ 906.9k
Skhulumi Vilakazi
Independent Non-Executive Director13yrsR2.20m0.000070%
$ 7.7k
Elaine Dorward-King
Independent Non-Executive Director5.8yrsR4.20mno data
Peter Hancock
Independent Non Executive Director1.7yrsR3.45mno data
6.8yrs
Average Tenure
64yo
Average Age

Experienced Board: SBSW's board of directors are considered experienced (6.8 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/07 05:20
End of Day Share Price 2026/01/07 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

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.

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 Github.

Analyst Sources

Sibanye Stillwater Limited is covered by 18 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wade NapierAvior Capital Markets
Andrew ByrneBarclays
Alexander Robert PearceBMO Capital Markets Equity Research