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Tharisa JSE:THA Stock Report

Last Price

R15.70

Market Cap

R4.6b

7D

-3.6%

1Y

8.3%

Updated

20 Nov, 2024

Data

Company Financials +

Tharisa plc

JSE:THA Stock Report

Market Cap: R4.6b

THA Stock Overview

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

THA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance2/6
Financial Health6/6
Dividends2/6

Rewards

Price-To-Earnings ratio (3.7x) is below the ZA market (10.1x)

Revenue is forecast to grow 5.79% per year

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 1.6% per year for the next 3 years

Profit margins (10%) are lower than last year (17%)

Dividend of 3.46% is not well covered by free cash flows


Tharisa plc Competitors

Northam Platinum Holdings

JSE:NPH

R45.5b

Merafe Resources

JSE:MRF

R3.8b

Anglo American Platinum

JSE:AMS

R168.9b

Mpact

JSE:MPT

R4.2b

Price History & Performance

Summary of all time highs, changes and price drops for Tharisa
Historical stock prices
Current Share PriceR15.70
52 Week HighR20.99
52 Week LowR11.40
Beta0.94
11 Month Change-1.57%
3 Month Change-18.65%
1 Year Change8.28%
33 Year Change-39.64%
5 Year Change6.80%
Change since IPO-37.20%

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?

Investors Shouldn't Overlook Tharisa's (JSE:THA) Impressive Returns On Capital

May 25
Investors Shouldn't Overlook Tharisa's (JSE:THA) Impressive Returns On Capital

Need To Know: Analysts Are Much More Bullish On Tharisa plc (JSE:THA) Revenues

Apr 15
Need To Know: Analysts Are Much More Bullish On Tharisa plc (JSE:THA) Revenues

Do Its Financials Have Any Role To Play In Driving Tharisa plc's (JSE:THA) Stock Up Recently?

Feb 26
Do Its Financials Have Any Role To Play In Driving Tharisa plc's (JSE:THA) Stock Up Recently?

Tharisa (JSE:THA) Is Very Good At Capital Allocation

Feb 08
Tharisa (JSE:THA) Is Very Good At Capital Allocation

Shareholder Returns

THAZA Metals and MiningZA Market
7D-3.6%3.0%0.3%
1Y8.3%1.7%15.2%

Return vs Industry: THA exceeded the ZA Metals and Mining industry which returned 1.7% over the past year.

Return vs Market: THA underperformed the ZA Market which returned 15.2% over the past year.

Price Volatility

Is THA's price volatile compared to industry and market?
THA volatility
THA Average Weekly Movement6.1%
Metals and Mining Industry Average Movement6.9%
Market Average Movement4.4%
10% most volatile stocks in ZA Market9.2%
10% least volatile stocks in ZA Market2.6%

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 (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20082,377Phoevos Pourouliswww.tharisa.com

Tharisa plc, an investment holding company, engages in the mining, processing, beneficiation, marketing, sale, and logistics of platinum group metals (PGM) 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’s 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 capR4.63b
Earnings (TTM)R1.24b
Revenue (TTM)R12.39b

3.7x

P/E Ratio

0.4x

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$683.75m
Cost of RevenueUS$540.77m
Gross ProfitUS$142.98m
Other ExpensesUS$74.39m
EarningsUS$68.59m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Nov 28, 2024

Earnings per share (EPS)0.23
Gross Margin20.91%
Net Profit Margin10.03%
Debt/Equity Ratio15.5%

How did THA perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

15%

Payout Ratio