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WEZ

Wesizwe PlatinumJSE:WEZ Stock Report

Market Cap

R2.0b

7D

63.5%

1Y

181.4%

Updated

18 Oct, 2021

Data

Company Financials
WEZ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health1/6
Dividends0/6

WEZ Overview

Wesizwe Platinum Limited, through its subsidiaries, explores for and evaluates mineral properties in South Africa.

Wesizwe Platinum Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Wesizwe Platinum
Historical stock prices
Current Share PriceR1.21
52 Week HighR0.40
52 Week LowR1.21
Beta0.0035
1 Month Change124.07%
3 Month Change152.08%
1 Year Change181.39%
3 Year Change210.26%
5 Year Change128.30%
Change since IPO-69.75%

Recent News & Updates

Shareholder Returns

WEZZA Metals and MiningZA Market
7D63.5%3.4%0.7%
1Y181.4%-1.1%20.7%

Return vs Industry: WEZ exceeded the ZA Metals and Mining industry which returned -0.2% over the past year.

Return vs Market: WEZ exceeded the ZA Market which returned 21.3% over the past year.

Price Volatility

Is WEZ's price volatile compared to industry and market?
WEZ volatility
WEZ Beta0.0035
Industry Beta1.16
Market Beta1

Stable Share Price: WEZ is more volatile than 75% of ZA stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: WEZ's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of ZA stocks.

About the Company

FoundedEmployeesCEOWebsite
200387Zhimin Lihttps://www.wesizwe.co.za

Wesizwe Platinum Limited, through its subsidiaries, explores for and evaluates mineral properties in South Africa. The company primarily explores for platinum, palladium, rhodium, and gold deposits. Its flagship project is the Bakubung platinum mine located on the Western limb of the Bushveld Igneous Complex in the North West province of South Africa.

Wesizwe Platinum Fundamentals Summary

How do Wesizwe Platinum's earnings and revenue compare to its market cap?
WEZ fundamental statistics
Market CapR1.97b
Earnings (TTM)R1.30b
Revenue (TTM)n/a

1.5x

P/E Ratio

0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
WEZ income statement (TTM)
RevenueR0
Cost of Revenue-R522.71m
Gross ProfitR522.72m
Expenses-R781.15m
EarningsR1.30b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.80
Gross Margin0.00%
Net Profit Margin0.00%
Debt/Equity Ratio309.1%

How did WEZ perform over the long term?

See historical performance and comparison

Valuation

Is Wesizwe Platinum undervalued compared to its fair value and its price relative to the market?

1.51x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate WEZ's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate WEZ's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: WEZ is good value based on its PE Ratio (1.5x) compared to the ZA Metals and Mining industry average (5.2x).

PE vs Market: WEZ is good value based on its PE Ratio (1.5x) compared to the ZA market (11.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate WEZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: WEZ is good value based on its PB Ratio (0.6x) compared to the ZA Metals and Mining industry average (1.1x).


Future Growth

How is Wesizwe Platinum forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

-8.1%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Wesizwe Platinum has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has Wesizwe Platinum performed over the past 5 years?

15.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: WEZ has a high level of non-cash earnings.

Growing Profit Margin: WEZ became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: WEZ has become profitable over the past 5 years, growing earnings by 15.3% per year.

Accelerating Growth: WEZ has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: WEZ has become profitable in the last year, making it difficult to compare its past year earnings growth to the Metals and Mining industry (252.8%).


Return on Equity

High ROE: Whilst WEZ's Return on Equity (37.5%) is high, this metric is skewed due to their high level of debt.


Financial Health

How is Wesizwe Platinum's financial position?


Financial Position Analysis

Short Term Liabilities: WEZ's short term assets (ZAR2.0B) exceed its short term liabilities (ZAR1.3B).

Long Term Liabilities: WEZ's short term assets (ZAR2.0B) do not cover its long term liabilities (ZAR10.1B).


Debt to Equity History and Analysis

Debt Level: WEZ's debt to equity ratio (309.1%) is considered high.

Reducing Debt: WEZ's debt to equity ratio has increased from 153.2% to 309.1% over the past 5 years.

Debt Coverage: WEZ's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if WEZ's interest payments on its debt are well covered by EBIT.


Balance Sheet


Dividend

What is Wesizwe Platinum current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate WEZ's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate WEZ'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 WEZ's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if WEZ'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 WEZ'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?

4.7yrs

Average management tenure


CEO

Zhimin Li (56 yo)

4.67yrs

Tenure

R4,653,000

Compensation

Mr. Zhimin Li has been Chief Executive Officer and Executive Director of Wesizwe Platinum Limited since February 15, 2017 and was its Acting Financial Director until July 1, 2017. Mr. Li has wide experienc...


CEO Compensation Analysis

Compensation vs Market: Zhimin's total compensation ($USD316.82K) is about average for companies of similar size in the ZA market ($USD280.19K).

Compensation vs Earnings: Zhimin's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: WEZ's management team is considered experienced (4.7 years average tenure).


Board Members

Experienced Board: WEZ's board of directors are considered experienced (4.9 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

Wesizwe Platinum Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Wesizwe Platinum Limited
  • Ticker: WEZ
  • Exchange: JSE
  • Founded: 2003
  • Industry: Precious Metals and Minerals
  • Sector: Materials
  • Market Cap: R1.970b
  • Shares outstanding: 1.63b
  • Website: https://www.wesizwe.co.za

Number of Employees


Location

  • Wesizwe Platinum Limited
  • Wesizwe House
  • Devcon Park
  • Johannesburg
  • Gauteng
  • 2128
  • South Africa

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/18 21:41
End of Day Share Price2021/10/18 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.