Sibanye Stillwater
Market Cap
R183.3b
Last Updated
2021/01/18 17:32 UTC
Data Sources
Company Financials +
Executive Summary
Sibanye Stillwater Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. More Details
Rewards
Risk Analysis
Snowflake Analysis
Proven track record with moderate growth potential.
Similar Companies
Share Price & News
How has Sibanye Stillwater's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: SSW is not significantly more volatile than the rest of ZA stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: SSW's weekly volatility (8%) has been stable over the past year.
Market Performance
7 Day Return
0.06%
SSW
0.005%
ZA Metals and Mining
1.0%
ZA Market
1 Year Return
51.1%
SSW
30.6%
ZA Metals and Mining
-1.9%
ZA Market
Return vs Industry: SSW exceeded the ZA Metals and Mining industry which returned 32.6% over the past year.
Return vs Market: SSW exceeded the ZA Market which returned -2.1% over the past year.
Shareholder returns
| SSW | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.06% | 0.005% | 1.0% |
| 30 Day | 2.8% | 5.6% | 3.8% |
| 90 Day | 25.1% | 4.1% | 11.8% |
| 1 Year | 52.5%51.1% | 35.5%30.6% | 3.3%-1.9% |
| 3 Year | 329.0%325.0% | 239.0%202.5% | 2.9%-17.9% |
| 5 Year | 200.2%86.8% | 406.8%324.8% | 52.2%9.2% |
Long-Term Price Volatility Vs. Market
How volatile is Sibanye Stillwater's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall St
Sibanye Stillwater Limited's (JSE:SSW) Stock Is Going Strong: Is the Market Following Fundamentals?3 months ago | Simply Wall St
What Can We Make Of Sibanye Stillwater's (JSE:SSW) CEO Compensation?4 months ago | Simply Wall St
Did You Participate In Any Of Sibanye Stillwater's (JSE:SSW) Incredible 395% Return?Valuation
Is Sibanye Stillwater undervalued compared to its fair value and its price relative to the market?
14.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: SSW (ZAR62.11) is trading below our estimate of fair value (ZAR72.22)
Significantly Below Fair Value: SSW is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: SSW is poor value based on its PE Ratio (17.1x) compared to the ZA Metals and Mining industry average (15.6x).
PE vs Market: SSW is poor value based on its PE Ratio (17.1x) compared to the ZA market (13.2x).
Price to Earnings Growth Ratio
PEG Ratio: SSW is good value based on its PEG Ratio (0.7x)
Price to Book Ratio
PB vs Industry: SSW is overvalued based on its PB Ratio (3.7x) compared to the ZA Metals and Mining industry average (1.2x).
Next Steps
Future Growth
How is Sibanye Stillwater forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
22.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: SSW's forecast earnings growth (22.9% per year) is above the savings rate (9.3%).
Earnings vs Market: SSW's earnings (22.9% per year) are forecast to grow slower than the ZA market (29.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: SSW's revenue (9.2% per year) is forecast to grow slower than the ZA market (10.5% per year).
High Growth Revenue: SSW's revenue (9.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: SSW's Return on Equity is forecast to be high in 3 years time (38.5%)
Next Steps
Past Performance
How has Sibanye Stillwater performed over the past 5 years?
6.7%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: SSW has high quality earnings.
Growing Profit Margin: SSW became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: SSW's earnings have grown by 6.7% per year over the past 5 years.
Accelerating Growth: SSW has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: SSW has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (136.9%).
Return on Equity
High ROE: SSW's Return on Equity (22.5%) is considered high.
Next Steps
Financial Health
How is Sibanye Stillwater's financial position?
Financial Position Analysis
Short Term Liabilities: SSW's short term assets (ZAR33.7B) exceed its short term liabilities (ZAR17.2B).
Long Term Liabilities: SSW's short term assets (ZAR33.7B) do not cover its long term liabilities (ZAR57.0B).
Debt to Equity History and Analysis
Debt Level: SSW's debt to equity ratio (57.3%) is considered high.
Reducing Debt: SSW's debt to equity ratio has increased from 25.5% to 57.3% over the past 5 years.
Debt Coverage: SSW's debt is well covered by operating cash flow (86.5%).
Interest Coverage: SSW's interest payments on its debt are well covered by EBIT (10.4x coverage).
Balance Sheet
Next Steps
Dividend
What is Sibanye Stillwater current dividend yield, its reliability and sustainability?
1.61%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: SSW's dividend (1.61%) isn’t notable compared to the bottom 25% of dividend payers in the ZA market (3.07%).
High Dividend: SSW's dividend (1.61%) is low compared to the top 25% of dividend payers in the ZA market (8.85%).
Stability and Growth of Payments
Stable Dividend: SSW is not paying a notable dividend for the ZA market, therefore no need to check if payments are stable.
Growing Dividend: SSW is not paying a notable dividend for the ZA market, therefore no need to check if payments are increasing.
Current Payout to Shareholders
Dividend Coverage: SSW is not paying a notable dividend for the ZA market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of SSW'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?
1.8yrs
Average management tenure
CEO
Neal Froneman (60 yo)
8yrs
Tenure
R31,917,000
Compensation
Mr. Neal John Froneman, PR Eng., B.Sc. (Mech Eng.) (Ind. Opt), University of the Witwatersra, BCompt UNISA, has been the Chief Executive Officer of Sibanye-Stillwater Limited (formerly Sibanye Gold Limited...
CEO Compensation Analysis
Compensation vs Market: Neal's total compensation ($USD2.10M) is below average for companies of similar size in the ZA market ($USD3.01M).
Compensation vs Earnings: Neal's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8yrs | R31.92m | 0.11% ZAR 203.9m | |
| CFO & Executive Director | 8.17yrs | R16.02m | 0.048% ZAR 88.6m | |
| Group Chief Operating Officer | 0.083yr | R9.43m | no data | |
| Executive Vice President of Group Technical Services | 0.75yr | R13.55m | 0.0051% ZAR 9.4m | |
| Executive Vice President of SA Gold Operations | no data | R10.60m | no data | |
| Executive Vice President of Organizational Growth | no data | R9.28m | -0.00041% ZAR -751.7k | |
| Executive Vice President: US PGM & Montana Operations | 0.75yr | R10.04m | no data | |
| Executive Vice President of Corporate Affairs | 1.83yrs | R8.12m | no data | |
| Senior VP & Head of Investor Relations | no data | R4.86m | no data | |
| Executive Vice President of Legal & Compliance | 0.25yr | no data | no data | |
| Head of Organizational Development & Communication of SA Region | 2.75yrs | no data | no data | |
| Senior Vice President of Human Capital - Gold & Uranium Division | 7.83yrs | R4.01m | no data |
1.8yrs
Average Tenure
53yo
Average Age
Experienced Management: SSW's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director | 8yrs | R31.92m | 0.11% ZAR 203.9m | |
| CFO & Executive Director | 8.17yrs | R16.02m | 0.048% ZAR 88.6m | |
| Lead Independent Non-Executive Director | 0.92yr | R1.83m | 0.0029% ZAR 5.3m | |
| Independent Non-Executive Director | 2yrs | R1.70m | 0.00058% ZAR 1.1m | |
| Independent Non-Executive Director | 7.92yrs | R1.80m | 0.000040% ZAR 73.3k | |
| Independent Non-Executive Director | 7.92yrs | R1.61m | no data | |
| Independent Non-Executive Director | 8yrs | R1.88m | no data | |
| Independent Non-Executive Director | 3.67yrs | R1.61m | no data | |
| Independent Non-Executive Director | 8yrs | R1.36m | no data | |
| Independent Non-Executive Director | 7.92yrs | R1.61m | no data | |
| Independent Non-Executive Director | 0.83yr | no data | no data | |
| Independent Non-Executive Chairman | 1.25yrs | R822.00k | no data |
7.9yrs
Average Tenure
62yo
Average Age
Experienced Board: SSW's board of directors are considered experienced (7.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: SSW insiders have sold more shares than they have bought 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 9.5%.
Top Shareholders
Company Information
Sibanye Stillwater Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Sibanye Stillwater Limited
- Ticker: SSW
- Exchange: JSE
- Founded: 2002
- Industry: Precious Metals and Minerals
- Sector: Materials
- Market Cap: R183.337b
- Shares outstanding: 2.92b
- Website: https://www.sibanyestillwater.com
Number of Employees
Location
- Sibanye Stillwater Limited
- Bridgeview House
- Ground Floor (Lakeview Avenue)
- Weltevreden Park
- Gauteng
- 1709
- South Africa
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| SBSW | NYSE (New York Stock Exchange) | SPON ADR EACH REP 4 ORD SHS | US | USD | Feb 2013 | |
| 0SGA | DB (Deutsche Boerse AG) | SPON ADR EACH REP 4 ORD SHS | DE | EUR | Feb 2013 | |
| 0A56 | LSE (London Stock Exchange) | SPON ADR EACH REP 4 ORD SHS | GB | USD | Feb 2013 | |
| SSW | JSE (The Johannesburg Securities Exchange) | Yes | Ordinary Shares | ZA | ZAR | Feb 2013 |
| 47V | BST (Boerse-Stuttgart) | Yes | Ordinary Shares | DE | EUR | Feb 2013 |
| 47V | DB (Deutsche Boerse AG) | Yes | Ordinary Shares | DE | EUR | Feb 2013 |
| SBYS.F | OTCPK (Pink Sheets LLC) | Yes | Ordinary Shares | US | USD | Feb 2013 |
Biography
Sibanye Stillwater Limited operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), includi...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/18 17:32 |
| End of Day Share Price | 2021/01/18 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.