JSE:RBP

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Royal Bafokeng Platinum

Executive Summary

Royal Bafokeng Platinum Limited, together with its subsidiaries, engages in mining and producing platinum group metals in South Africa. More Details


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

RBPIndustryMarket
7 Day2.2%-0.03%1.0%
30 Day3.6%6.5%3.4%
90 Day5.1%3.9%12.0%
1 Year30.8%30.8%37.6%32.6%3.0%-2.1%
3 Year144.9%130.0%234.4%198.2%3.4%-17.7%
5 Year242.5%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

  • Explore strong dividend paying companies in the Materials industry.

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

NamePositionTenureCompensationOwnership
Stephen Phiri
CEO & Executive Director10.75yrsR10.26m0.73%
ZAR 137.4m
Hanré Rossouw
CFO & Executive Director2.25yrsR9.19m0.44%
ZAR 83.1m
Neil Carr
Chief Operating Officer6.25yrsR6.93m0.43%
ZAR 80.7m
Lindiwe Montshiwagae
Executive of Investor Relations & Corporate Communicationsno dataR4.22m0.15%
ZAR 28.7m
Vicky Tlhabanelo
Executive of Human Resources10.75yrsR5.11m0.28%
ZAR 52.3m
Lester Jooste
Company Secretaryno datano data0.089%
ZAR 16.6m
Mpueleng Pooe
Executive of Corporate Affairs7.25yrsR6.01m0.20%
ZAR 37.8m
George van Greunen
General Managerno datano datano data
Anthony Durrant
Senior Mining Engineerno datano datano 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

NamePositionTenureCompensationOwnership
Stephen Phiri
CEO & Executive Director10.75yrsR10.26m0.73%
ZAR 137.4m
Hanré Rossouw
CFO & Executive Director2.25yrsR9.19m0.44%
ZAR 83.1m
Peter Ledger
Independent Non Executive Director2.92yrsR720.20kno data
Kgomotso Moroka
Independent Non-Executive Chairperson10.58yrsR1.53mno data
Michael Rogers
Independent Non-Executive Director11.08yrsR763.51kno data
Zanele Matlala
Independent Non-Executive Director2.33yrsR493.99kno data
Mark Moffett
Independent Non-Executive Director6.33yrsR530.29kno data
Thoko Mokgosi-Mwantembe
Independent Non-Executive Director6.17yrsR687.37kno data
Louisa Stephens
Independent Non-Executive Director6.33yrsR638.24kno data
Obakeng Phetwe
Non-Executive Director2.92yrsR471.39kno data
Hermann Lucht
Non-Executive Director1.33yrsR120.48kno 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
RBPJSE (The Johannesburg Securities Exchange)YesOrdinary SharesZAZARNov 2010
7BFDB (Deutsche Boerse AG)YesOrdinary SharesDEEURNov 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/01/16 17:40
End of Day Share Price2021/01/15 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.