Merafe Resources Future Growth

Future criteria checks 0/6

Merafe Resources's revenue is forecast to decline at 5.8% per annum.

Key information

n/a

Earnings growth rate

n/a

EPS growth rate

Metals and Mining earnings growth	36.5%
Revenue growth rate	-5.8%
Future return on equity	n/a
Analyst coverage	Low
Last updated	11 Nov 2024

Recent future growth updates

Recent updates

Merafe Resources Limited's (JSE:MRF) Shares Bounce 27% But Its Business Still Trails The Market

Mar 30

We Think That There Are Issues Underlying Merafe Resources' (JSE:MRF) Earnings

Aug 17

Should Shareholders Reconsider Merafe Resources Limited's (JSE:MRF) CEO Compensation Package?

May 11

What Type Of Returns Would Merafe Resources'(JSE:MRF) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Mar 03

What Type Of Shareholders Make Up Merafe Resources Limited's (JSE:MRF) Share Registry?

Feb 05

Should You Buy Merafe Resources Limited (JSE:MRF) For Its Dividend?

Dec 27

Read This Before Selling Merafe Resources Limited (JSE:MRF) Shares

Nov 30

Earnings and Revenue Growth Forecasts

JSE:MRF - Analysts future estimates and past financials data (ZAR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	8,025	N/A	N/A	N/A	1
12/31/2025	7,785	N/A	N/A	N/A	1
12/31/2024	8,623	N/A	N/A	N/A	1
6/30/2024	9,224	1,424	1,239	1,937	N/A
3/31/2024	9,234	1,588	1,224	1,908	N/A
12/31/2023	9,244	1,753	1,208	1,879	N/A
9/30/2023	8,828	1,643	1,198	1,812	N/A
6/30/2023	8,412	1,534	1,188	1,744	N/A
3/31/2023	8,176	1,472	1,201	1,721	N/A
12/31/2022	7,939	1,410	1,213	1,698	N/A
9/30/2022	8,274	1,716	1,008	1,484	N/A
6/30/2022	8,608	2,022	802	1,270	N/A
3/31/2022	8,336	1,848	734	1,213	N/A
12/31/2021	8,063	1,674	666	1,156	N/A
9/30/2021	7,125	1,104	607	1,061	N/A
6/30/2021	6,188	534	547	966	N/A
3/31/2021	5,484	-234	350	731	N/A
12/31/2020	4,780	-1,003	152	495	N/A
9/30/2020	4,854	-1,746	184	580	N/A
6/30/2020	4,928	-2,488	215	666	N/A
3/31/2020	5,154	-1,925	222	682	N/A
12/31/2019	5,379	-1,362	230	699	N/A
9/30/2019	5,527	-469	229	644	N/A
6/30/2019	5,675	424	229	588	N/A
3/31/2019	5,641	553	147	533	N/A
12/31/2018	5,606	683	66	478	N/A
9/30/2018	5,818	768	317	741	N/A
6/30/2018	6,030	853	567	1,003	N/A
3/31/2018	5,959	883	N/A	1,202	N/A
12/31/2017	5,889	914	N/A	1,400	N/A
9/30/2017	5,879	938	N/A	1,007	N/A
6/30/2017	5,869	962	N/A	614	N/A
3/31/2017	5,785	747	N/A	558	N/A
12/31/2016	5,702	532	N/A	502	N/A
9/30/2016	5,160	404	N/A	789	N/A
6/30/2016	4,618	277	N/A	1,076	N/A
3/31/2016	4,523	310	N/A	1,014	N/A
12/31/2015	4,428	343	N/A	953	N/A
9/30/2015	4,135	229	N/A	622	N/A
6/30/2015	3,841	114	N/A	290	N/A
3/31/2015	3,725	164	N/A	298	N/A
12/31/2014	3,609	214	N/A	306	N/A
9/30/2014	3,814	308	N/A	411	N/A
6/30/2014	4,018	402	N/A	517	N/A
3/31/2014	3,758	306	N/A	502	N/A
12/31/2013	3,497	211	N/A	487	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if MRF's forecast earnings growth is above the savings rate (9.7%).

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

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

Revenue vs Market: MRF's revenue is expected to decline over the next 3 years (-5.8% per year).

High Growth Revenue: MRF's revenue is forecast to decline over the next 3 years (-5.8% per year).

Earnings per Share Growth Forecasts

Future Return on Equity

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

Merafe Resources Future Growth

Future criteria checks 0/6

Key information

Recent future growth updates

Merafe Resources Limited Provides Earnings Guidance for the Six Months Ended June 30, 2024

Price target decreased to R1.60

Price target increased to R1.90

Consensus forecasts updated

Merafe Resources Limited Provides Financial Guidance for the Year Ended 31 December 2021

Price target raised to R1.00

Recent updates

Investor sentiment deteriorates as stock falls 16%

Upcoming dividend of R0.20 per share

Merafe Resources Limited to Report First Half, 2025 Results on Aug 11, 2025

First half 2024 earnings released: EPS: R0.28 (vs R0.42 in 1H 2023)

Merafe Resources Limited Declare Interim Cash Dividend for the Six Months Ended June 30, 2024, Payable on September 9, 2024

First half dividend of R0.20 announced

Merafe Resources Limited Provides Earnings Guidance for the Six Months Ended June 30, 2024

Merafe Resources Limited to Report First Half, 2024 Results on Aug 12, 2024

Merafe Resources Limited Announces Board and Committee Changes

Upcoming dividend of R0.22 per share

Merafe Resources Limited's (JSE:MRF) Shares Bounce 27% But Its Business Still Trails The Market

Final dividend increased to R0.22

Full year 2023 earnings released: EPS: R0.70 (vs R0.56 in FY 2022)

Investor sentiment improves as stock rises 17%

Merafe Resources Limited to Report Fiscal Year 2023 Results on Mar 18, 2024

New minor risk - Financial data availability

Merafe Resources Limited Appoints Ditshebo Stephen Phiri as Independent Non-Executive Director, Effective 1 February 2024

Merafe Resources Limited, Annual General Meeting, May 15, 2024

Upcoming dividend of R0.20 per share at 24% yield

First half 2023 earnings released: EPS: R0.42 (vs R0.37 in 1H 2022)

Investor sentiment improves as stock rises 15%

CEO & Executive Director exercised options to buy R6.0m worth of stock.

Upcoming dividend of R0.13 per share at 19% yield

Full year 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Price target decreased to R1.60

Price target increased to R1.90

Upcoming dividend of R0.12 per share

Merafe Resources Limited, Annual General Meeting, May 17, 2023

High number of new directors

Upcoming dividend of R0.22 per share

Consensus forecasts updated

Merafe Resources Limited Provides Financial Guidance for the Year Ended 31 December 2021

Investor sentiment improved over the past week

High number of new directors

High number of new directors

Non-Executive Director Michael Toman has left the company

Upcoming dividend of R0.07 per share

We Think That There Are Issues Underlying Merafe Resources' (JSE:MRF) Earnings

First half 2021 earnings released: EPS R0.23 (vs R0.38 loss in 1H 2020)

Financial Director & Executive Director exercised options to buy R100k worth of stock.

High number of new directors

Non-Independent Non Executive Director has left the company

Should Shareholders Reconsider Merafe Resources Limited's (JSE:MRF) CEO Compensation Package?

Full year 2020 earnings released: R0.40 loss per share (vs R0.54 loss in FY 2019)

Price target raised to R1.00

Full year 2020 earnings released: R0.40 loss per share (vs R0.54 loss in FY 2019)

Revenue beats expectations, earnings disappoint

What Type Of Returns Would Merafe Resources'(JSE:MRF) Shareholders Have Earned If They Purchased Their SharesThree Years Ago?

Merafe Resources Limited, Annual General Meeting, May 18, 2021

New 90-day high: R0.67

What Type Of Shareholders Make Up Merafe Resources Limited's (JSE:MRF) Share Registry?

New 90-day high: R0.54

Should You Buy Merafe Resources Limited (JSE:MRF) For Its Dividend?

Merafe Resources Limited Announces the Appointment of Katlego Tlale as an Independent Non-Executive Director the Company

Read This Before Selling Merafe Resources Limited (JSE:MRF) Shares

New 90-day high: R0.50

Price target lowered to R0.77

Merafe Resources Limited Announces Resignation of Grathel Motau as an Independent Non-Executive Director and as A Member of Audit and Risk Committee, Effective 31 October 2020

First half earnings released

Price target lowered to R0.86

New 90-day low - R0.34

Merafe Resources Limited to Report First Half, 2020 Final Results on Sep 08, 2020

Merafe Resources Limited to Report First Half, 2020 Results on Aug 11, 2020

New 90-day low - R0.35

Afena Capital acquired 5.8% stake in Merafe Resources Limited (JSE:MRF).

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity