| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 6/6 |
| Dividends | 3/6 |
THA Stock Overview
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 China, South Africa, Singapore, Hong Kong, the United Arab Emirates, Australia, Japan, and internationally.
Tharisa Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | R29.00 |
| 52 Week High | R32.70 |
| 52 Week Low | R19.26 |
| Beta | 1.0 |
| 1 Month Change | 7.41% |
| 3 Month Change | 9.68% |
| 1 Year Change | 13.28% |
| 3 Year Change | 54.67% |
| 5 Year Change | 26.09% |
| Change since IPO | 16.00% |
Recent News & Updates
Calculating The Fair Value Of Tharisa plc (JSE:THA)
In this article we are going to estimate the intrinsic value of Tharisa plc ( JSE:THA ) by taking the expected future...
Shareholder Returns
| THA | ZA Metals and Mining | ZA Market | |
|---|---|---|---|
| 7D | 5.5% | 2.6% | -0.3% |
| 1Y | 13.3% | 3.4% | 13.9% |
Return vs Industry: THA exceeded the ZA Metals and Mining industry which returned 3.4% over the past year.
Return vs Market: THA matched the ZA Market which returned 13.9% over the past year.
Price Volatility
| THA volatility | |
|---|---|
| THA Average Weekly Movement | 9.0% |
| Metals and Mining Industry Average Movement | 7.0% |
| Market Average Movement | 5.7% |
| 10% most volatile stocks in ZA Market | 12.1% |
| 10% least volatile stocks in ZA Market | 3.3% |
Stable Share Price: THA is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: THA's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of ZA stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2008 | 3,000 | Phoevos Pouroulis | https://www.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 China, South Africa, Singapore, Hong Kong, the United Arab Emirates, Australia, Japan, and internationally. The company operates through four segments: PGM, Chrome, Agency and Trading, and Manufacturing. The company’s PGM basket includes platinum, palladium, ruthenium, rhodium, iridium, nickel, copper, and gold.
Tharisa Fundamentals Summary
| THA fundamental statistics | |
|---|---|
| Market Cap | US$522.03m |
| Earnings (TTM) | US$100.47m |
| Revenue (TTM) | US$596.35m |
5.2x
P/E Ratio0.9x
P/S RatioIs THA overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| THA income statement (TTM) | |
|---|---|
| Revenue | US$596.35m |
| Cost of Revenue | US$383.98m |
| Gross Profit | US$212.37m |
| Expenses | US$111.90m |
| Earnings | US$100.47m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
May 25, 2022
| Earnings per share (EPS) | 0.37 |
| Gross Margin | 35.61% |
| Net Profit Margin | 16.85% |
| Debt/Equity Ratio | 7.0% |
How did THA perform over the long term?
See historical performance and comparisonDividends
5.2%
Current Dividend Yield24%
Payout RatioValuation
Is Tharisa undervalued compared to its fair value and its price relative to the market?
5.2x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: THA (ZAR29) is trading above our estimate of fair value (ZAR16.93)
Significantly Below Fair Value: THA is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: THA is good value based on its PE Ratio (5.2x) compared to the ZA Metals and Mining industry average (6x).
PE vs Market: THA is good value based on its PE Ratio (5.2x) compared to the ZA market (10.9x).
Price to Earnings Growth Ratio
PEG Ratio: THA's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: THA's PB Ratio (1.2x) is in line with the ZA Metals and Mining industry average.
Future Growth
How is Tharisa forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
-8.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THA's earnings are forecast to decline over the next 3 years (-8.4% per year).
Earnings vs Market: THA's earnings are forecast to decline over the next 3 years (-8.4% per year).
High Growth Earnings: THA's earnings are forecast to decline over the next 3 years.
Revenue vs Market: THA's revenue (1.5% per year) is forecast to grow slower than the ZA market (6.3% per year).
High Growth Revenue: THA's revenue (1.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: THA's Return on Equity is forecast to be low in 3 years time (16%).
Past Performance
How has Tharisa performed over the past 5 years?
15.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THA has high quality earnings.
Growing Profit Margin: THA's current net profit margins (16.8%) are higher than last year (10.7%).
Past Earnings Growth Analysis
Earnings Trend: THA's earnings have grown by 15% per year over the past 5 years.
Accelerating Growth: THA's earnings growth over the past year (132.1%) exceeds its 5-year average (15% per year).
Earnings vs Industry: THA earnings growth over the past year (132.1%) underperformed the Metals and Mining industry 218.4%.
Return on Equity
High ROE: THA's Return on Equity (29.1%) is considered high.
Financial Health
How is Tharisa's financial position?
Financial Position Analysis
Short Term Liabilities: THA's short term assets ($292.7M) exceed its short term liabilities ($124.0M).
Long Term Liabilities: THA's short term assets ($292.7M) exceed its long term liabilities ($128.1M).
Debt to Equity History and Analysis
Debt Level: THA has more cash than its total debt.
Reducing Debt: THA's debt to equity ratio has reduced from 30.2% to 7% over the past 5 years.
Debt Coverage: THA's debt is well covered by operating cash flow (662.2%).
Interest Coverage: THA's interest payments on its debt are well covered by EBIT (48.4x coverage).
Balance Sheet
Dividend
What is Tharisa current dividend yield, its reliability and sustainability?
5.20%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: THA's dividend (5.2%) is higher than the bottom 25% of dividend payers in the ZA market (2.87%).
High Dividend: THA's dividend (5.2%) is low compared to the top 25% of dividend payers in the ZA market (7.34%).
Stability and Growth of Payments
Stable Dividend: THA has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: THA's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (24.1%), THA's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: THA's dividends in 3 years are forecast to be well covered by earnings (23.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
7.5yrs
Average management tenure
CEO
Phoevos Pouroulis (46 yo)
11.25yrs
Tenure
US$1,912,000
Compensation
Mr. Phoevos Pouroulis, B.Sc. (Business Admin) has been the Chief Executive Officer at Tharisa Limited since June 29, 2017. Mr. Pouroulis serves as the Chief Executive Officer at Tharisa Plc and has been it...
CEO Compensation Analysis
Compensation vs Market: Phoevos's total compensation ($USD1.91M) is above average for companies of similar size in the ZA market ($USD726.48K).
Compensation vs Earnings: Phoevos's compensation has increased by more than 20% in the past year.
Leadership Team
Experienced Management: THA's management team is seasoned and experienced (7.5 years average tenure).
Board Members
Experienced Board: THA's board of directors are considered experienced (8.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Tharisa plc's employee growth, exchange listings and data sources
Key Information
- Name: Tharisa plc
- Ticker: THA
- Exchange: JSE
- Founded: 2008
- Industry: Precious Metals and Minerals
- Sector: Materials
- Implied Market Cap: R7.868b
- Shares outstanding: 271.32m
- Website: https://www.tharisa.com
Number of Employees
Location
- Tharisa plc
- Sofoklis Pittokopitis Business Centre
- Offices 108-110
- Paphos
- 8011
- Cyprus
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/23 17:01 |
| End of Day Share Price | 2022/01/21 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2021/09/30 |
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.