Royal Bafokeng Platinum
Market Cap
R18.8b
Last Updated
2021/01/16 17:40 UTC
Data Sources
Company Financials +
Executive Summary
Royal Bafokeng Platinum Limited, together with its subsidiaries, engages in mining and producing platinum group metals in South Africa. More Details
Rewards
Risk Analysis
Snowflake Analysis
Exceptional growth potential with solid track record.
Similar Companies
Share Price & News
How has Royal Bafokeng Platinum's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: RBP is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: RBP's weekly volatility has decreased from 13% to 8% over the past year.
Market Performance
7 Day Return
2.2%
RBP
-0.03%
ZA Metals and Mining
1.0%
ZA Market
1 Year Return
30.8%
RBP
32.6%
ZA Metals and Mining
-2.1%
ZA Market
Return vs Industry: RBP underperformed the ZA Metals and Mining industry which returned 32.6% over the past year.
Return vs Market: RBP exceeded the ZA Market which returned -2.2% over the past year.
Shareholder returns
RBP | Industry | Market | |
---|---|---|---|
7 Day | 2.2% | -0.03% | 1.0% |
30 Day | 3.6% | 6.5% | 3.4% |
90 Day | 5.1% | 3.9% | 12.0% |
1 Year | 30.8%30.8% | 37.6%32.6% | 3.0%-2.1% |
3 Year | 144.9%130.0% | 234.4%198.2% | 3.4%-17.7% |
5 Year | 242.5%221.8% | 418.0%335.4% | 50.6%8.4% |
Long-Term Price Volatility Vs. Market
How volatile is Royal Bafokeng Platinum's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Valuation
Is Royal Bafokeng 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: RBP (ZAR73.04) is trading below our estimate of fair value (ZAR179.59)
Significantly Below Fair Value: RBP is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: RBP is poor value based on its PE Ratio (17.2x) compared to the ZA Metals and Mining industry average (14.9x).
PE vs Market: RBP is poor value based on its PE Ratio (17.2x) compared to the ZA market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: RBP is good value based on its PEG Ratio (0.3x)
Price to Book Ratio
PB vs Industry: RBP is good value based on its PB Ratio (1.1x) compared to the ZA Metals and Mining industry average (1.2x).
Next Steps
Future Growth
How is Royal Bafokeng Platinum forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
51.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: RBP's forecast earnings growth (51.5% per year) is above the savings rate (9.3%).
Earnings vs Market: RBP's earnings (51.5% per year) are forecast to grow faster than the ZA market (27.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: RBP's revenue (23.3% per year) is forecast to grow faster than the ZA market (10.3% per year).
High Growth Revenue: RBP's revenue (23.3% per year) is forecast to grow faster 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 (21.2%)
Next Steps
Past Performance
How has Royal Bafokeng Platinum performed over the past 5 years?
61.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: RBP has high quality earnings.
Growing Profit Margin: RBP's current net profit margins (12.3%) are higher than last year (0.3%).
Past Earnings Growth Analysis
Earnings Trend: RBP has become profitable over the past 5 years, growing earnings by 61.1% per year.
Accelerating Growth: RBP's earnings growth over the past year (6999.6%) exceeds its 5-year average (61.1% per year).
Earnings vs Industry: RBP earnings growth over the past year (6999.6%) exceeded the Metals and Mining industry 117.2%.
Return on Equity
High ROE: RBP's Return on Equity (6.4%) is considered low.
Next Steps
Financial Health
How is Royal Bafokeng Platinum's financial position?
Financial Position Analysis
Short Term Liabilities: RBP's short term assets (ZAR7.1B) exceed its short term liabilities (ZAR1.6B).
Long Term Liabilities: RBP's short term assets (ZAR7.1B) do not cover its long term liabilities (ZAR10.8B).
Debt to Equity History and Analysis
Debt Level: RBP's debt to equity ratio (26.9%) is considered satisfactory.
Reducing Debt: RBP's debt to equity ratio has increased from 1.9% to 26.9% over the past 5 years.
Debt Coverage: RBP's debt is well covered by operating cash flow (103.1%).
Interest Coverage: RBP's interest payments on its debt are well covered by EBIT (3.8x coverage).
Balance Sheet
Next Steps
Dividend
What is Royal Bafokeng Platinum current dividend yield, its reliability and sustainability?
4.38%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate RBP's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate RBP's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if RBP's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if RBP's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of RBP's dividend in 3 years as they are not forecast to pay a notable one for the ZA market.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.3yrs
Average management tenure
CEO
Steve Phiri (64 yo)
10.75yrs
Tenure
R10,260,183
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 ($USD675.67K) is about average for companies of similar size in the ZA market ($USD877.29K).
Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.
Leadership Team
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Executive Director | 10.75yrs | R10.26m | 0.73% ZAR 137.4m | |
CFO & Executive Director | 2.25yrs | R9.19m | 0.44% ZAR 83.1m | |
Chief Operating Officer | 6.25yrs | R6.93m | 0.43% ZAR 80.7m | |
Executive of Investor Relations & Corporate Communications | no data | R4.22m | 0.15% ZAR 28.7m | |
Executive of Human Resources | 10.75yrs | R5.11m | 0.28% ZAR 52.3m | |
Company Secretary | no data | no data | 0.089% ZAR 16.6m | |
Executive of Corporate Affairs | 7.25yrs | R6.01m | 0.20% ZAR 37.8m | |
General Manager | no data | no data | no data | |
Senior Mining Engineer | no data | no data | no data |
7.3yrs
Average Tenure
59.5yo
Average Age
Experienced Management: RBP's management team is seasoned and experienced (7.3 years average tenure).
Board Members
Name | Position | Tenure | Compensation | Ownership |
---|---|---|---|---|
CEO & Executive Director | 10.75yrs | R10.26m | 0.73% ZAR 137.4m | |
CFO & Executive Director | 2.25yrs | R9.19m | 0.44% ZAR 83.1m | |
Independent Non Executive Director | 2.92yrs | R720.20k | no data | |
Independent Non-Executive Chairperson | 10.58yrs | R1.53m | no data | |
Independent Non-Executive Director | 11.08yrs | R763.51k | no data | |
Independent Non-Executive Director | 2.33yrs | R493.99k | no data | |
Independent Non-Executive Director | 6.33yrs | R530.29k | no data | |
Independent Non-Executive Director | 6.17yrs | R687.37k | no data | |
Independent Non-Executive Director | 6.33yrs | R638.24k | no data | |
Non-Executive Director | 2.92yrs | R471.39k | no data | |
Non-Executive Director | 1.33yrs | R120.48k | no data |
6.2yrs
Average Tenure
58yo
Average Age
Experienced Board: RBP's board of directors are considered experienced (6.2 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 not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Royal Bafokeng Platinum Limited's company bio, 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
- Market Cap: R18.779b
- Shares outstanding: 257.11m
- 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
Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
---|---|---|---|---|---|---|
RBP | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Nov 2010 |
7BF | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Nov 2010 |
Biography
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, gold, rhodium, iridium,...
Company Analysis and Financial Data Status
Data | Last Updated (UTC time) |
---|---|
Company Analysis | 2021/01/16 17:40 |
End of Day Share Price | 2021/01/15 00:00 |
Earnings | 2020/06/30 |
Annual Earnings | 2019/12/31 |
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.