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THA logo

TharisaJSE:THA Stock Report

Market Cap R4.1b
Share Price
n/a
1Y-1.4%
7D0%
Portfolio Value
​
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Tharisa plc

JSE:THA Stock Report

Market Cap: R4.1b

THA Stock Overview

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. More details

THA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance3/6
Financial Health6/6
Dividends2/6

Rewards

Trading at 94% below our estimate of its fair value

Revenue is forecast to grow 7.82% per year

Earnings grew by 0.8% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 29.7% per year for the next 3 years

Dividend of 5.93% is not well covered by free cash flows


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Tharisa plc Competitors

Northam Platinum Holdings

JSE:NPH

R42.0b

Merafe Resources

JSE:MRF

R3.0b

Anglo American Platinum

JSE:AMS

R160.7b

Mpact

JSE:MPT

R4.3b

Price History & Performance

Summary of share price highs, lows and changes for Tharisa
Historical stock prices
Current Share PriceR13.90
52 Week HighR20.99
52 Week LowR11.40
Beta0.91
1 Month Change-4.14%
3 Month Change-9.15%
1 Year Change-1.42%
3 Year Change-56.29%
5 Year Change15.83%
Change since IPO-44.40%

Recent News & Updates

Recent updates

Tharisa's (JSE:THA) Solid Profits Have Weak Fundamentals

Dec 12
Tharisa's (JSE:THA) Solid Profits Have Weak Fundamentals

Some Investors May Be Worried About Tharisa's (JSE:THA) Returns On Capital

Dec 06
Some Investors May Be Worried About Tharisa's (JSE:THA) Returns On Capital

Tharisa (JSE:THA) Could Be Struggling To Allocate Capital

Aug 12
Tharisa (JSE:THA) Could Be Struggling To Allocate Capital

Tharisa's (JSE:THA) Shareholders Will Receive A Smaller Dividend Than Last Year

May 30
Tharisa's (JSE:THA) Shareholders Will Receive A Smaller Dividend Than Last Year

Why We Like The Returns At Tharisa (JSE:THA)

Apr 28
Why We Like The Returns At Tharisa (JSE:THA)

Growth Investors: Industry Analysts Just Upgraded Their Tharisa plc (JSE:THA) Revenue Forecasts By 12%

Apr 09
Growth Investors: Industry Analysts Just Upgraded Their Tharisa plc (JSE:THA) Revenue Forecasts By 12%

Here's Why I Think Tharisa (JSE:THA) Might Deserve Your Attention Today

Apr 06
Here's Why I Think Tharisa (JSE:THA) Might Deserve Your Attention Today

Is Tharisa (JSE:THA) Using Too Much Debt?

Jan 26
Is Tharisa (JSE:THA) Using Too Much Debt?

Calculating The Fair Value Of Tharisa plc (JSE:THA)

Nov 28
Calculating The Fair Value Of Tharisa plc (JSE:THA)

Tharisa (JSE:THA) Seems To Use Debt Rather Sparingly

Jul 20
Tharisa (JSE:THA) Seems To Use Debt Rather Sparingly

Should You Be Adding Tharisa (JSE:THA) To Your Watchlist Today?

Jun 19
Should You Be Adding Tharisa (JSE:THA) To Your Watchlist Today?

Shareholder Returns

THAZA Metals and MiningZA Market
7D0%0.5%0.9%
1Y-1.4%12.6%16.7%

Return vs Industry: THA underperformed the ZA Metals and Mining industry which returned 12.6% over the past year.

Return vs Market: THA underperformed the ZA Market which returned 16.7% over the past year.

Price Volatility

Is THA's price volatile compared to industry and market?
THA volatility
THA Average Weekly Movement5.2%
Metals and Mining Industry Average Movement6.4%
Market Average Movement4.5%
10% most volatile stocks in ZA Market8.7%
10% least volatile stocks in ZA Market2.7%

Stable Share Price: THA has not had significant price volatility in the past 3 months compared to the ZA market.

Volatility Over Time: THA's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20082,422Phoevos Pourouliswww.tharisa.com

Tharisa plc, an investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally. It operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing. The company PGM basket includes platinum, palladium, rhodium, gold, ruthenium, iridium, nickel, and copper.

Tharisa plc Fundamentals Summary

How do Tharisa's earnings and revenue compare to its market cap?
THA fundamental statistics
Market capR4.13b
Earnings (TTM)R1.52b
Revenue (TTM)R13.21b

2.7x

P/E Ratio

0.3x

P/S Ratio

Is THA overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
THA income statement (TTM)
RevenueUS$721.39m
Cost of RevenueUS$537.04m
Gross ProfitUS$184.36m
Other ExpensesUS$101.46m
EarningsUS$82.90m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

May 23, 2025

Earnings per share (EPS)0.28
Gross Margin25.56%
Net Profit Margin11.49%
Debt/Equity Ratio13.5%

How did THA perform over the long term?

See historical performance and comparison

Dividends

5.9%

Current Dividend Yield

16%

Payout Ratio

Does THA pay a reliable dividends?

See THA dividend history and benchmarks
When do you need to buy THA by to receive an upcoming dividend?
Tharisa dividend dates
Ex Dividend DateFeb 26 2025
Dividend Pay DateMar 12 2025
Days until Ex dividend4 days
Days until Dividend pay date18 days

Does THA pay a reliable dividends?

See THA dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/02/21 22:38
End of Day Share Price 2025/02/21 00:00
Earnings2024/09/30
Annual Earnings2024/09/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Tharisa plc is covered by 13 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard HatchBerenberg
David GaglianoBMO Capital Markets Equity Research
Alexander Robert PearceBMO Capital Markets Equity Research