| Snowflake Score | |
|---|---|
| Valuation | 1/6 |
| Future Growth | 2/6 |
| Past Performance | 6/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
RBP Stock Overview
Royal Bafokeng Platinum Limited, together with its subsidiaries, engages in mining and producing platinum group metals in South Africa.
Royal Bafokeng Platinum Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R161.82 |
| 52 Week High | R171.62 |
| 52 Week Low | R64.07 |
| Beta | 1.3 |
| 1 Month Change | 3.11% |
| 3 Month Change | 75.53% |
| 1 Year Change | 124.75% |
| 3 Year Change | 458.00% |
| 5 Year Change | 318.25% |
| Change since IPO | 149.34% |
Recent News & Updates
Shareholder Returns
| RBP | ZA Metals and Mining | ZA Market | |
|---|---|---|---|
| 7D | -0.1% | 2.6% | -0.3% |
| 1Y | 124.8% | 3.4% | 13.9% |
Return vs Industry: RBP exceeded the ZA Metals and Mining industry which returned 3.4% over the past year.
Return vs Market: RBP exceeded the ZA Market which returned 13.9% over the past year.
Price Volatility
| RBP volatility | |
|---|---|
| RBP Average Weekly Movement | 9.1% |
| Metals and Mining Industry Average Movement | 7.0% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in ZA Market | 12.1% |
| 10% least volatile stocks in ZA Market | 3.3% |
Stable Share Price: RBP is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: RBP's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of ZA stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 10,546 | Steve Phiri | https://www.bafokengplatinum.co.za |
Royal Bafokeng Platinum Limited, together with its subsidiaries, engages in mining and producing platinum group metals in South Africa. The company explores for platinum, palladium, rhodium, iridium, osmium, ruthenium, gold, nickel, copper, and cobalt. Its operations include the Bafokeng Rasimone Platinum mine (BRPM), which consists of a North and South shaft; Styldrift; the BRPM Concentrator complex; and the Maseve concentrator plant.
Royal Bafokeng Platinum Fundamentals Summary
| RBP fundamental statistics | |
|---|---|
| Market Cap | R46.40b |
| Earnings (TTM) | R7.55b |
| Revenue (TTM) | R18.36b |
6.1x
P/E Ratio2.5x
P/S RatioIs RBP overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| RBP income statement (TTM) | |
|---|---|
| Revenue | R18.36b |
| Cost of Revenue | R8.90b |
| Gross Profit | R9.45b |
| Expenses | R1.90b |
| Earnings | R7.55b |
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Mar 08, 2022
| Earnings per share (EPS) | 26.34 |
| Gross Margin | 51.50% |
| Net Profit Margin | 41.14% |
| Debt/Equity Ratio | 8.6% |
How did RBP perform over the long term?
See historical performance and comparisonDividends
6.6%
Current Dividend Yield38%
Payout RatioValuation
Is Royal Bafokeng Platinum undervalued compared to its fair value and its price relative to the market?
6.14x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: RBP (ZAR161.82) is trading above our estimate of fair value (ZAR156.45)
Significantly Below Fair Value: RBP is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: RBP is poor value based on its PE Ratio (6.1x) compared to the ZA Metals and Mining industry average (6x).
PE vs Market: RBP is good value based on its PE Ratio (6.1x) compared to the ZA market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: RBP is poor value based on its PEG Ratio (3.3x)
Price to Book Ratio
PB vs Industry: RBP is overvalued based on its PB Ratio (1.9x) compared to the ZA Metals and Mining industry average (1.3x).
Future Growth
How is Royal Bafokeng Platinum forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
1.8%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBP's forecast earnings growth (1.8% per year) is below the savings rate (8.8%).
Earnings vs Market: RBP's earnings (1.8% per year) are forecast to grow faster than the ZA market (0.1% per year).
High Growth Earnings: RBP's earnings are forecast to grow, but not significantly.
Revenue vs Market: RBP's revenue (1.8% per year) is forecast to grow slower than the ZA market (5.8% per year).
High Growth Revenue: RBP's revenue (1.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: RBP's Return on Equity is forecast to be high in 3 years time (20%)
Past Performance
How has Royal Bafokeng Platinum performed over the past 5 years?
87.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBP has high quality earnings.
Growing Profit Margin: RBP's current net profit margins (41.1%) are higher than last year (12.3%).
Past Earnings Growth Analysis
Earnings Trend: RBP has become profitable over the past 5 years, growing earnings by 87.5% per year.
Accelerating Growth: RBP's earnings growth over the past year (587.8%) exceeds its 5-year average (87.5% per year).
Earnings vs Industry: RBP earnings growth over the past year (587.8%) exceeded the Metals and Mining industry 218.4%.
Return on Equity
High ROE: RBP's Return on Equity (31.1%) is considered high.
Financial Health
How is Royal Bafokeng Platinum's financial position?
Financial Position Analysis
Short Term Liabilities: RBP's short term assets (ZAR11.8B) exceed its short term liabilities (ZAR1.8B).
Long Term Liabilities: RBP's short term assets (ZAR11.8B) exceed its long term liabilities (ZAR9.0B).
Debt to Equity History and Analysis
Debt Level: RBP has more cash than its total debt.
Reducing Debt: RBP's debt to equity ratio has increased from 2.6% to 8.6% over the past 5 years.
Debt Coverage: RBP's debt is well covered by operating cash flow (320.6%).
Interest Coverage: RBP's interest payments on its debt are well covered by EBIT (41.5x coverage).
Balance Sheet
Dividend
What is Royal Bafokeng Platinum current dividend yield, its reliability and sustainability?
6.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: RBP's dividend (6.61%) is higher than the bottom 25% of dividend payers in the ZA market (2.87%).
High Dividend: RBP's dividend (6.61%) is low compared to the top 25% of dividend payers in the ZA market (7.34%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether RBP's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if RBP's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (38.5%), RBP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBP's dividends in 3 years are not forecast to be well covered by earnings (112.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.8yrs
Average management tenure
CEO
Steve Phiri (65 yo)
11.75yrs
Tenure
R9,032,946
Compensation
Mr. Stephen Ditshebo Phiri, also known as Steve, B.Juris LLB, LLM, H.Dip Co. Law, has been the Chief Executive Officer and Executive Director of Royal Bafokeng Platinum Limited since April 1, 2010. Mr. Phi...
CEO Compensation Analysis
Compensation vs Market: Steve's total compensation ($USD599.29K) is below average for companies of similar size in the ZA market ($USD1.19M).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: RBP's management team is seasoned and experienced (7.8 years average tenure).
Board Members
Experienced Board: RBP's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: RBP insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 11.5%.
Top Shareholders
Company Information
Royal Bafokeng Platinum Limited's employee growth, exchange listings and data sources
Key Information
- Name: Royal Bafokeng Platinum Limited
- Ticker: RBP
- Exchange: JSE
- Founded: 2008
- Industry: Precious Metals and Minerals
- Sector: Materials
- Implied Market Cap: R46.402b
- Shares outstanding: 286.75m
- Website: https://www.bafokengplatinum.co.za
Number of Employees
Location
- Royal Bafokeng Platinum Limited
- The Pivot
- Block C, 4th Floor
- Johannesburg
- Gauteng
- 2021
- South Africa
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/22 17:01 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2020/12/31 |
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.