Sibanye Stillwater Limited (SBSW) 10-Year Financial Performance & Capital Metrics

SBSW • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersRegional Gold Producers

AboutSibanye Stillwater Limited, together with its subsidiaries, 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), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company is also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.Show more

Revenue $112.13B -1.4%
EBITDA $12.49B -47.1%
Net Income -$7.3B +80.7%
EPS (Diluted) -10.32 +80.7%
Gross Margin 5.62% -50.0%
EBITDA Margin 11.14% -46.4%
Operating Margin 3.29% -72.6%
Net Margin -6.51% +80.4%
ROE -14.61% +72.4%
ROIC 3.91% -70.3%
Debt/Equity 0.87 +9.6%
Interest Coverage 1.13 -80.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓Trading near 52-week high
✓Trading at only 0.3x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y17.81%

5Y8.99%

3Y-13.32%

TTM-11.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-254.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM-264.4%

ROCE

10Y Avg18.21%

5Y Avg26.63%

3Y Avg13.4%

Latest3.29%

Peer Comparison

Regional Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GFIGold Fields Limited	44.61B	49.84	36.12	15.57%	23.24%	40.64%	1.59%	0.55
HMYHarmony Gold Mining Company Limited	13.71B	21.95	0.96	20.39%	16.98%	47.35%	78.72%	0.05
SBSWSibanye Stillwater Limited	12.19B	17.23	-1.67	-1.37%	-25.49%	-126.47%		0.87

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	22.72B	31.24B	45.91B	50.66B	72.93B	127.39B	172.19B	138.29B	113.68B	112.13B
Revenue Growth %	0.04%	0.38%	0.47%	0.1%	0.44%	0.75%	0.35%	-0.2%	-0.18%	-0.01%
Cost of Goods Sold+	20.42B	25.3B	42.58B	48.34B	63.75B	85.13B	112.02B	103.46B	100.9B	105.82B
COGS % of Revenue	0.9%	0.81%	0.93%	0.95%	0.87%	0.67%	0.65%	0.75%	0.89%	0.94%
Gross Profit+	2.3B	5.94B	3.33B	2.31B	9.18B	42.26B	60.17B	34.83B	12.78B	6.3B
Gross Margin %	0.1%	0.19%	0.07%	0.05%	0.13%	0.33%	0.35%	0.25%	0.11%	0.06%
Gross Profit Growth %	-0.39%	1.58%	-0.44%	-0.31%	2.97%	3.6%	0.42%	-0.42%	-0.63%	-0.51%
Operating Expenses+	497.3M	500.3M	2.19B	1.22B	1.77B	545M	395M	608M	4.36B	2.62B
OpEx % of Revenue	0.02%	0.02%	0.05%	0.02%	0.02%	0%	0%	0%	0.04%	0.02%
Selling, General & Admin	275.8M	496.2M	1.34B	314.8M	323.7M	564.7M	369M	7M	217M	379M
SG&A % of Revenue	0.01%	0.02%	0.03%	0.01%	0%	0%	0%	0%	0%	0%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-78.6M	0	-134.6M	-195.3M	1.45B	-19.7M	26M	601M	4.14B	2.24B
Operating Income+	2.7B	6.49B	1.63B	1.09B	8.26B	43.48B	62.49B	36.43B	13.62B	3.68B
Operating Margin %	0.12%	0.21%	0.04%	0.02%	0.11%	0.34%	0.36%	0.26%	0.12%	0.03%
Operating Income Growth %	-0.36%	1.4%	-0.75%	-0.33%	6.57%	4.26%	0.44%	-0.42%	-0.63%	-0.73%
EBITDA+	6.34B	10.53B	9.19B	7.71B	15.48B	51.07B	70.79B	43.52B	23.63B	12.49B
EBITDA Margin %	0.28%	0.34%	0.2%	0.15%	0.21%	0.4%	0.41%	0.31%	0.21%	0.11%
EBITDA Growth %	-0.15%	0.66%	-0.13%	-0.16%	1.01%	2.3%	0.39%	-0.39%	-0.46%	-0.47%
D&A (Non-Cash Add-back)	3.64B	4.04B	7.56B	6.61B	7.21B	7.59B	8.29B	7.09B	10.01B	8.81B
EBIT	1.27B	4.84B	-4.84B	1.14B	1.2B	37.83B	49.32B	30.04B	-37.53B	-8.65B
Net Interest Income+	-106.9M	-280.3M	-2.2B	-2.25B	-2.16B	-1.31B	-602M	-941M	-874M	-2.23B
Interest Income	0	331.4M	415.5M	482.1M	560.4M	1.07B	1.2B	1.2B	1.44B	1.34B
Interest Expense	350.2M	903.1M	2.54B	2.58B	2.5B	2.35B	1.76B	2.13B	2.31B	3.27B
Other Income/Expense	-1.51B	-1.75B	-9.01B	-2.53B	0	-8B	-14.94B	-8.53B	-53.47B	-7.9B
Pretax Income+	915.4M	4.51B	-7.38B	-1.44B	-1.3B	35.48B	47.56B	27.9B	-39.85B	-4.21B
Pretax Margin %	0.04%	0.14%	-0.16%	-0.03%	-0.02%	0.28%	0.28%	0.2%	-0.35%	-0.04%
Income Tax+	377.2M	1.24B	-2.95B	1.08B	-1.73B	4.86B	13.76B	8.92B	-2.42B	1.5B
Effective Tax Rate %	0.78%	0.82%	0.6%	1.74%	-0.05%	0.83%	0.7%	0.66%	0.95%	1.73%
Net Income+	716.9M	3.7B	-4.44B	-2.5B	62.1M	29.31B	33.05B	18.4B	-37.77B	-7.3B
Net Margin %	0.03%	0.12%	-0.1%	-0.05%	0%	0.23%	0.19%	0.13%	-0.33%	-0.07%
Net Income Growth %	-0.54%	4.16%	-2.2%	0.44%	1.02%	471.01%	0.13%	-0.44%	-3.05%	0.81%
Net Income (Continuing)	538.2M	3.04B	-4.43B	-2.52B	433M	30.62B	33.8B	18.98B	-37.43B	-5.71B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	109.8M	17.7M	19.8M	936M	1.47B	2.24B	1.41B	2.9B	2.88B	4.31B
EPS (Diluted)+	1.80	9.00	-8.84	-4.36	0.68	42.20	45.16	26.00	-53.36	-10.32
EPS Growth %	-0.74%	4%	-1.98%	0.51%	1.16%	61.06%	0.07%	-0.42%	-3.05%	0.81%
EPS (Basic)	1.80	9.00	-8.84	-4.40	0.68	42.96	45.60	26.04	-53.36	-10.32
Diluted Shares Outstanding	400.56M	386.7M	502.8M	573.94M	644.74M	694.49M	731.81M	707.7M	707.64M	707.64M
Basic Shares Outstanding	399.09M	386.16M	502.8M	565.96M	626.9M	682.22M	724.7M	706.52M	707.63M	707.07M
Dividend Payout Ratio	0.92%	0.44%	-	-	1.37%	0.06%	0.55%	0.51%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.75B	7.7B	12B	15.2B	26.16B	52.24B	64.83B	60.76B	61.82B	48.41B
Cash & Short-Term Investments	717.4M	1.28B	2.06B	2.55B	5.62B	20.24B	30.29B	26.08B	25.56B	16.05B
Cash Only	717.4M	967.9M	2.06B	2.55B	5.62B	20.24B	30.29B	26.08B	25.56B	16.05B
Short-Term Investments	0	310.6M	0	0	0	0	0	0	0	0
Accounts Receivable	1.04B	5.76B	5.44B	6.18B	3.87B	6.02B	5.77B	5.83B	8.68B	5.72B
Days Sales Outstanding	16.74	67.3	43.28	44.53	19.38	17.26	12.23	15.38	27.87	18.63
Inventory	405.9M	676.8M	3.53B	5.29B	15.5B	24.95B	25.08B	26.38B	26.36B	25.55B
Days Inventory Outstanding	7.26	9.77	30.23	39.98	88.77	106.98	81.72	93.08	95.36	88.12
Other Current Assets	461.9M	0	727.2M	874M	726.3M	658.4M	3.35B	2.04B	0	70M
Total Non-Current Assets+	25.52B	34.02B	64.07B	69.73B	74.91B	81.86B	88.16B	105.87B	81.12B	89.58B
Property, Plant & Equipment	22.13B	27.24B	51.44B	54.56B	57.84B	60.9B	62.72B	77.19B	61.9B	67.06B
Fixed Asset Turnover	1.03x	1.15x	0.89x	0.93x	1.26x	2.09x	2.75x	1.79x	1.84x	1.67x
Goodwill	736.7M	936M	6.4B	6.89B	6.85B	7.17B	7.73B	8.24B	499M	782M
Intangible Assets	0	0	0	0	0	0	0	81M	3M	1.28B
Long-Term Investments	2.58B	5.61B	5.74B	7.89B	9.24B	11.4B	16.16B	17.12B	10.33B	10.83B
Other Non-Current Assets	0	0	284M	314.4M	683.5M	821.3M	651M	798M	8.39B	9.63B
Total Assets+	28.27B	41.72B	76.07B	84.92B	101.07B	134.1B	152.99B	166.63B	142.94B	137.99B
Asset Turnover	0.80x	0.75x	0.60x	0.60x	0.72x	0.95x	1.13x	0.83x	0.80x	0.81x
Asset Growth %	0.01%	0.48%	0.82%	0.12%	0.19%	0.33%	0.14%	0.09%	-0.14%	-0.03%
Total Current Liabilities+	5.35B	6.24B	8.44B	14.63B	14.33B	17.49B	20.54B	20.22B	36.41B	20.86B
Accounts Payable	508.7M	1.12B	1.73B	2.2B	3.21B	4.33B	3.67B	4.15B	4.28B	3.98B
Days Payables Outstanding	9.09	16.18	14.81	16.61	18.37	18.54	11.96	14.63	15.48	13.74
Short-Term Debt	2B	752.3M	1.66B	6.19B	38M	886M	107M	122M	15.48B	552M
Deferred Revenue (Current)	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	155.4M	178M	1.27B	428.6M	2.55B	3.07B	6.54B	5.26B	4.62B	4.4B
Current Ratio	0.51x	1.24x	1.42x	1.04x	1.83x	2.99x	3.16x	3.01x	1.70x	2.32x
Quick Ratio	0.44x	1.13x	1.00x	0.68x	0.74x	1.56x	1.94x	1.70x	0.97x	1.10x
Cash Conversion Cycle	14.9	60.89	58.69	67.9	89.78	105.69	81.99	93.83	107.76	93.01
Total Non-Current Liabilities+	7.93B	18.79B	43.64B	45.57B	55.61B	45.9B	51.11B	55.41B	54.93B	68.85B
Long-Term Debt	1.81B	8.22B	23.99B	18.32B	23.7B	17.5B	20.19B	22.61B	24.95B	41.13B
Capital Lease Obligations	0	0	0	0	273M	223M	177M	208M	384M	203M
Deferred Tax Liabilities	3.56B	4.71B	8.53B	10.15B	6.66B	0	7.82B	9.36B	4.18B	0
Other Non-Current Liabilities	6.13B	5.86B	11.12B	27.25B	31.64B	28.18B	16.72B	16.84B	19.09B	27.51B
Total Liabilities	13.28B	25.02B	52.07B	60.2B	69.93B	63.39B	71.65B	75.63B	91.33B	89.7B
Total Debt+	3.8B	8.97B	25.65B	24.5B	24.12B	18.71B	20.58B	23.05B	41.01B	42.06B
Net Debt	3.09B	8.01B	23.59B	21.96B	18.5B	-1.53B	-9.71B	-3.03B	15.45B	26.02B
Debt / Equity	0.25x	0.54x	1.07x	0.95x	0.74x	0.26x	0.25x	0.25x	0.79x	0.87x
Debt / EBITDA	0.60x	0.85x	2.79x	3.18x	1.56x	0.37x	0.29x	0.53x	1.74x	3.37x
Net Debt / EBITDA	0.49x	0.76x	2.57x	2.85x	1.20x	-0.03x	-0.14x	-0.07x	0.65x	2.08x
Interest Coverage	7.71x	7.19x	0.64x	0.42x	3.31x	18.51x	35.45x	17.07x	5.89x	1.13x
Total Equity+	14.98B	16.72B	24.02B	25.66B	32.61B	70.72B	81.34B	91B	51.61B	48.29B
Equity Growth %	-0%	0.12%	0.44%	0.07%	0.27%	1.17%	0.15%	0.12%	-0.43%	-0.06%
Book Value per Share	37.41	43.22	47.77	44.71	50.57	101.82	111.16	128.59	72.93	68.24
Total Shareholders' Equity	14.88B	16.7B	24B	24.72B	31.14B	67.94B	79.39B	91B	48.73B	43.98B
Common Stock	21.73B	21.73B	34.67B	34.67B	40.66B	30.15B	21.65B	21.65B	21.65B	21.65B
Retained Earnings	-9.8B	-8.03B	-13.26B	-15.5B	-15.43B	12.22B	27.41B	33.78B	-8.47B	-13.82B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.94B	2.98B	2.57B	4.62B	4.44B	25.57B	30.33B	32.67B	35.55B	36.15B
Minority Interest	109.8M	17.7M	19.8M	936M	1.47B	2.24B	1.41B	2.9B	2.88B	4.31B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.52B	4.41B	2.74B	12.2B	9.46B	27.15B	32.26B	15.54B	7.09B	10.29B
Operating CF Margin %	0.15%	0.14%	0.06%	0.24%	0.13%	0.21%	0.19%	0.11%	0.06%	0.09%
Operating CF Growth %	-0.13%	0.25%	-0.38%	3.45%	-0.22%	1.87%	0.19%	-0.52%	-0.54%	0.45%
Net Income	1.62B	9.84B	7.09B	8.7B	10.56B	45.19B	67.78B	40.75B	-37.77B	-7.3B
Depreciation & Amortization	3.64B	4.04B	7.56B	6.61B	7.21B	7.59B	8.29B	7.09B	10.01B	8.81B
Stock-Based Compensation	274.4M	496.2M	231.9M	299.4M	363M	512M	383M	218M	113M	251M
Deferred Taxes	-924M	-7.66B	0	-8.65B	-10.4B	-15.29B	-41.51B	-26.06B	0	0
Other Non-Cash Items	-1.35B	-9.73B	-3.83B	6.3B	2.36B	-1.42B	-5.15B	-6.83B	32.99B	1.67B
Working Capital Changes	-668M	-237.6M	-522.3M	-1.07B	-625.6M	-9.44B	2.46B	386M	1.75B	6.85B
Change in Receivables	-634.6M	-220M	-214.9M	-461M	3.12B	-2.17B	-510M	116M	1.33B	1.77B
Change in Inventory	-78.2M	-35.5M	-937.7M	-924.8M	-5B	-9.03B	1.38B	605M	1.51B	2.15B
Change in Payables	44.8M	17.9M	630.3M	315.8M	-3.12B	2.17B	510M	-116M	0	0
Cash from Investing+	-3.34B	-9.44B	-28.14B	-7.74B	-4.86B	-9.94B	-14.57B	-17.37B	-22.04B	-24.34B
Capital Expenditures	-3.34B	-4.15B	-6.1B	-7.08B	-7.71B	-9.62B	-12.74B	-15.9B	-22.41B	-21.57B
CapEx % of Revenue	0.15%	0.13%	0.13%	0.14%	0.11%	0.08%	0.07%	0.11%	0.2%	0.19%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.9M	14.6M	-56.7M	-1.37B	37.1M	439.7M	1.03B	669M	36M	213M
Cash from Financing+	-20.9M	5.45B	26.81B	-4.1B	-1.47B	-2.24B	-8.34B	-3.5B	12.98B	4.56B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-658.4M	-1.61B	-560.4M	-600K	-85M	-1.7B	-18.18B	-9.45B	-5.32B	-173M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-658.4M	-1.61B	12.93B	0	1.77B	1.7B	18.05B	6.09B	4.31B	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	170.5M	254.4M	-3.36B	5.12B	1.76B	17.53B	19.52B	-356M	-15.32B	-11.28B
FCF Margin %	0.01%	0.01%	-0.07%	0.1%	0.02%	0.14%	0.11%	-0%	-0.13%	-0.1%
FCF Growth %	-0.79%	0.49%	-14.2%	2.52%	-0.66%	8.97%	0.11%	-1.02%	-42.02%	0.26%
FCF per Share	0.43	0.66	-6.68	8.91	2.73	25.25	26.67	-0.50	-21.64	-15.94
FCF Conversion (FCF/Net Income)	4.90x	1.19x	-0.62x	-4.88x	152.40x	0.93x	0.98x	0.84x	-0.19x	-1.41x
Interest Paid	0	0	0	0	0	0	0	0	0	2.1B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.78%	23.35%	-21.79%	-10.06%	0.21%	56.74%	43.47%	21.35%	-52.97%	-14.61%
Return on Invested Capital (ROIC)	11.36%	22.75%	3.39%	1.72%	12.56%	54.22%	66.57%	34.24%	13.18%	3.91%
Gross Margin	10.12%	19.02%	7.25%	4.57%	12.59%	33.17%	34.95%	25.19%	11.24%	5.62%
Net Margin	3.16%	11.85%	-9.67%	-4.93%	0.09%	23.01%	19.2%	13.3%	-33.23%	-6.51%
Debt / Equity	0.25x	0.54x	1.07x	0.95x	0.74x	0.26x	0.25x	0.25x	0.79x	0.87x
Interest Coverage	7.71x	7.19x	0.64x	0.42x	3.31x	18.51x	35.45x	17.07x	5.89x	1.13x
FCF Conversion	4.90x	1.19x	-0.62x	-4.88x	152.40x	0.93x	0.98x	0.84x	-0.19x	-1.41x
Revenue Growth	4.3%	37.52%	46.96%	10.33%	43.96%	74.69%	35.17%	-19.69%	-17.79%	-1.37%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Pgm Mining Activities	-	95.57B	137.96B	111.07B	71.09B	59.55B
Pgm Mining Activities Growth	-	-	44.35%	-19.49%	-36.00%	-16.24%
Gold Mining Activities	-	28.93B	29.53B	18.81B	30.26B	37.14B
Gold Mining Activities Growth	-	-	2.09%	-36.30%	60.84%	22.74%
Platinum Mining Activities	13.01B	17.05B	21.24B	17.83B	19.77B	20.57B
Platinum Mining Activities Growth	-	31.05%	24.53%	-16.07%	10.93%	4.04%
Palladium Mining Activities	28.03B	47.28B	52.86B	42.27B	25.27B	19.92B
Palladium Mining Activities Growth	-	68.67%	11.80%	-20.02%	-40.22%	-21.18%
Rhodium Mining Activities	9.34B	29.87B	59.83B	47.17B	21.99B	14.75B
Rhodium Mining Activities Growth	-	219.82%	100.33%	-21.16%	-53.38%	-32.94%
Chrome Mining Activities	1.75B	1.57B	2.26B	3.48B	5.17B	6.07B
Chrome Mining Activities Growth	-	-10.10%	43.64%	54.09%	48.38%	17.50%
Nickel Mining Activities	617.9M	-	-	4.3B	4.33B	3.63B
Nickel Mining Activities Growth	-	-	-	-	0.67%	-16.34%
Iridium Mining Activities	649.6M	814.5M	2.69B	2.48B	2.88B	2.82B
Iridium Mining Activities Growth	-	25.38%	230.76%	-7.94%	16.25%	-2.05%
Ruthenium Mining Activities	473M	558.1M	1.34B	1.32B	1.17B	1.48B
Ruthenium Mining Activities Growth	-	17.99%	139.92%	-1.19%	-11.56%	26.84%
Other Product Or Service	171.2M	1.32B	2.44B	620M	712M	976M
Other Product Or Service Growth	-	669.51%	85.52%	-74.63%	14.84%	37.08%

Revenue by Geography

	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	58.68B	45.64B	23.67B	22.96B
UNITED STATES Growth	-	-	-	-22.22%	-48.13%	-3.01%
Europe	-	-	-	3.14B	3.02B	2.78B
Europe Growth	-	-	-	-	-3.69%	-7.94%
U	26.7B	44.61B	-	-	-	-
U Growth	-	67.06%	-	-	-	-
North America	30.6B	-	-	-	-	-
North America Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Sibanye Stillwater Limited (SBSW) reported $220.01B in revenue for fiscal year 2024. This represents a 1085% increase from $18.57B in 2011.

Sibanye Stillwater Limited (SBSW) saw revenue decline by 1.4% over the past year.

Sibanye Stillwater Limited (SBSW) reported a net loss of $56.08B for fiscal year 2024.

Dividend & Returns

Yes, Sibanye Stillwater Limited (SBSW) pays a dividend with a yield of 1.42%. This makes it attractive for income-focused investors.

Sibanye Stillwater Limited (SBSW) has a return on equity (ROE) of -14.6%. Negative ROE indicates the company is unprofitable.

Sibanye Stillwater Limited (SBSW) had negative free cash flow of $15.27B in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Sibanye Stillwater Limited (SBSW) 10-Year Financial Performance & Capital Metrics

SBSW • • Industrial / General

Basic MaterialsGoldMajor Gold ProducersRegional Gold Producers

Revenue $112.13B -1.4%
EBITDA $12.49B -47.1%
Net Income -$7.3B +80.7%
EPS (Diluted) -10.32 +80.7%
Gross Margin 5.62% -50.0%
EBITDA Margin 11.14% -46.4%
Operating Margin 3.29% -72.6%
Net Margin -6.51% +80.4%
ROE -14.61% +72.4%
ROIC 3.91% -70.3%
Debt/Equity 0.87 +9.6%
Interest Coverage 1.13 -80.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 95 (top 5%)
✓Trading near 52-week high
✓Trading at only 0.3x book value

✗Weaknesses

✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y17.81%

5Y8.99%

3Y-13.32%

TTM-11.91%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-254.34%

EPS CAGR

10Y-

5Y-

3Y-

TTM-264.4%

ROCE

10Y Avg18.21%

5Y Avg26.63%

3Y Avg13.4%

Latest3.29%

Peer Comparison

Regional Gold Producers

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
GFIGold Fields Limited	44.61B	49.84	36.12	15.57%	23.24%	40.64%	1.59%	0.55
HMYHarmony Gold Mining Company Limited	13.71B	21.95	0.96	20.39%	16.98%	47.35%	78.72%	0.05
SBSWSibanye Stillwater Limited	12.19B	17.23	-1.67	-1.37%	-25.49%	-126.47%		0.87

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	22.72B	31.24B	45.91B	50.66B	72.93B	127.39B	172.19B	138.29B	113.68B	112.13B
Revenue Growth %	0.04%	0.38%	0.47%	0.1%	0.44%	0.75%	0.35%	-0.2%	-0.18%	-0.01%
Cost of Goods Sold+	20.42B	25.3B	42.58B	48.34B	63.75B	85.13B	112.02B	103.46B	100.9B	105.82B
COGS % of Revenue	0.9%	0.81%	0.93%	0.95%	0.87%	0.67%	0.65%	0.75%	0.89%	0.94%
Gross Profit+	2.3B	5.94B	3.33B	2.31B	9.18B	42.26B	60.17B	34.83B	12.78B	6.3B
Gross Margin %	0.1%	0.19%	0.07%	0.05%	0.13%	0.33%	0.35%	0.25%	0.11%	0.06%
Gross Profit Growth %	-0.39%	1.58%	-0.44%	-0.31%	2.97%	3.6%	0.42%	-0.42%	-0.63%	-0.51%
Operating Expenses+	497.3M	500.3M	2.19B	1.22B	1.77B	545M	395M	608M	4.36B	2.62B
OpEx % of Revenue	0.02%	0.02%	0.05%	0.02%	0.02%	0%	0%	0%	0.04%	0.02%
Selling, General & Admin	275.8M	496.2M	1.34B	314.8M	323.7M	564.7M	369M	7M	217M	379M
SG&A % of Revenue	0.01%	0.02%	0.03%	0.01%	0%	0%	0%	0%	0%	0%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-78.6M	0	-134.6M	-195.3M	1.45B	-19.7M	26M	601M	4.14B	2.24B
Operating Income+	2.7B	6.49B	1.63B	1.09B	8.26B	43.48B	62.49B	36.43B	13.62B	3.68B
Operating Margin %	0.12%	0.21%	0.04%	0.02%	0.11%	0.34%	0.36%	0.26%	0.12%	0.03%
Operating Income Growth %	-0.36%	1.4%	-0.75%	-0.33%	6.57%	4.26%	0.44%	-0.42%	-0.63%	-0.73%
EBITDA+	6.34B	10.53B	9.19B	7.71B	15.48B	51.07B	70.79B	43.52B	23.63B	12.49B
EBITDA Margin %	0.28%	0.34%	0.2%	0.15%	0.21%	0.4%	0.41%	0.31%	0.21%	0.11%
EBITDA Growth %	-0.15%	0.66%	-0.13%	-0.16%	1.01%	2.3%	0.39%	-0.39%	-0.46%	-0.47%
D&A (Non-Cash Add-back)	3.64B	4.04B	7.56B	6.61B	7.21B	7.59B	8.29B	7.09B	10.01B	8.81B
EBIT	1.27B	4.84B	-4.84B	1.14B	1.2B	37.83B	49.32B	30.04B	-37.53B	-8.65B
Net Interest Income+	-106.9M	-280.3M	-2.2B	-2.25B	-2.16B	-1.31B	-602M	-941M	-874M	-2.23B
Interest Income	0	331.4M	415.5M	482.1M	560.4M	1.07B	1.2B	1.2B	1.44B	1.34B
Interest Expense	350.2M	903.1M	2.54B	2.58B	2.5B	2.35B	1.76B	2.13B	2.31B	3.27B
Other Income/Expense	-1.51B	-1.75B	-9.01B	-2.53B	0	-8B	-14.94B	-8.53B	-53.47B	-7.9B
Pretax Income+	915.4M	4.51B	-7.38B	-1.44B	-1.3B	35.48B	47.56B	27.9B	-39.85B	-4.21B
Pretax Margin %	0.04%	0.14%	-0.16%	-0.03%	-0.02%	0.28%	0.28%	0.2%	-0.35%	-0.04%
Income Tax+	377.2M	1.24B	-2.95B	1.08B	-1.73B	4.86B	13.76B	8.92B	-2.42B	1.5B
Effective Tax Rate %	0.78%	0.82%	0.6%	1.74%	-0.05%	0.83%	0.7%	0.66%	0.95%	1.73%
Net Income+	716.9M	3.7B	-4.44B	-2.5B	62.1M	29.31B	33.05B	18.4B	-37.77B	-7.3B
Net Margin %	0.03%	0.12%	-0.1%	-0.05%	0%	0.23%	0.19%	0.13%	-0.33%	-0.07%
Net Income Growth %	-0.54%	4.16%	-2.2%	0.44%	1.02%	471.01%	0.13%	-0.44%	-3.05%	0.81%
Net Income (Continuing)	538.2M	3.04B	-4.43B	-2.52B	433M	30.62B	33.8B	18.98B	-37.43B	-5.71B
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	109.8M	17.7M	19.8M	936M	1.47B	2.24B	1.41B	2.9B	2.88B	4.31B
EPS (Diluted)+	1.80	9.00	-8.84	-4.36	0.68	42.20	45.16	26.00	-53.36	-10.32
EPS Growth %	-0.74%	4%	-1.98%	0.51%	1.16%	61.06%	0.07%	-0.42%	-3.05%	0.81%
EPS (Basic)	1.80	9.00	-8.84	-4.40	0.68	42.96	45.60	26.04	-53.36	-10.32
Diluted Shares Outstanding	400.56M	386.7M	502.8M	573.94M	644.74M	694.49M	731.81M	707.7M	707.64M	707.64M
Basic Shares Outstanding	399.09M	386.16M	502.8M	565.96M	626.9M	682.22M	724.7M	706.52M	707.63M	707.07M
Dividend Payout Ratio	0.92%	0.44%	-	-	1.37%	0.06%	0.55%	0.51%	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	2.75B	7.7B	12B	15.2B	26.16B	52.24B	64.83B	60.76B	61.82B	48.41B
Cash & Short-Term Investments	717.4M	1.28B	2.06B	2.55B	5.62B	20.24B	30.29B	26.08B	25.56B	16.05B
Cash Only	717.4M	967.9M	2.06B	2.55B	5.62B	20.24B	30.29B	26.08B	25.56B	16.05B
Short-Term Investments	0	310.6M	0	0	0	0	0	0	0	0
Accounts Receivable	1.04B	5.76B	5.44B	6.18B	3.87B	6.02B	5.77B	5.83B	8.68B	5.72B
Days Sales Outstanding	16.74	67.3	43.28	44.53	19.38	17.26	12.23	15.38	27.87	18.63
Inventory	405.9M	676.8M	3.53B	5.29B	15.5B	24.95B	25.08B	26.38B	26.36B	25.55B
Days Inventory Outstanding	7.26	9.77	30.23	39.98	88.77	106.98	81.72	93.08	95.36	88.12
Other Current Assets	461.9M	0	727.2M	874M	726.3M	658.4M	3.35B	2.04B	0	70M
Total Non-Current Assets+	25.52B	34.02B	64.07B	69.73B	74.91B	81.86B	88.16B	105.87B	81.12B	89.58B
Property, Plant & Equipment	22.13B	27.24B	51.44B	54.56B	57.84B	60.9B	62.72B	77.19B	61.9B	67.06B
Fixed Asset Turnover	1.03x	1.15x	0.89x	0.93x	1.26x	2.09x	2.75x	1.79x	1.84x	1.67x
Goodwill	736.7M	936M	6.4B	6.89B	6.85B	7.17B	7.73B	8.24B	499M	782M
Intangible Assets	0	0	0	0	0	0	0	81M	3M	1.28B
Long-Term Investments	2.58B	5.61B	5.74B	7.89B	9.24B	11.4B	16.16B	17.12B	10.33B	10.83B
Other Non-Current Assets	0	0	284M	314.4M	683.5M	821.3M	651M	798M	8.39B	9.63B
Total Assets+	28.27B	41.72B	76.07B	84.92B	101.07B	134.1B	152.99B	166.63B	142.94B	137.99B
Asset Turnover	0.80x	0.75x	0.60x	0.60x	0.72x	0.95x	1.13x	0.83x	0.80x	0.81x
Asset Growth %	0.01%	0.48%	0.82%	0.12%	0.19%	0.33%	0.14%	0.09%	-0.14%	-0.03%
Total Current Liabilities+	5.35B	6.24B	8.44B	14.63B	14.33B	17.49B	20.54B	20.22B	36.41B	20.86B
Accounts Payable	508.7M	1.12B	1.73B	2.2B	3.21B	4.33B	3.67B	4.15B	4.28B	3.98B
Days Payables Outstanding	9.09	16.18	14.81	16.61	18.37	18.54	11.96	14.63	15.48	13.74
Short-Term Debt	2B	752.3M	1.66B	6.19B	38M	886M	107M	122M	15.48B	552M
Deferred Revenue (Current)	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	1000K	0	0
Other Current Liabilities	155.4M	178M	1.27B	428.6M	2.55B	3.07B	6.54B	5.26B	4.62B	4.4B
Current Ratio	0.51x	1.24x	1.42x	1.04x	1.83x	2.99x	3.16x	3.01x	1.70x	2.32x
Quick Ratio	0.44x	1.13x	1.00x	0.68x	0.74x	1.56x	1.94x	1.70x	0.97x	1.10x
Cash Conversion Cycle	14.9	60.89	58.69	67.9	89.78	105.69	81.99	93.83	107.76	93.01
Total Non-Current Liabilities+	7.93B	18.79B	43.64B	45.57B	55.61B	45.9B	51.11B	55.41B	54.93B	68.85B
Long-Term Debt	1.81B	8.22B	23.99B	18.32B	23.7B	17.5B	20.19B	22.61B	24.95B	41.13B
Capital Lease Obligations	0	0	0	0	273M	223M	177M	208M	384M	203M
Deferred Tax Liabilities	3.56B	4.71B	8.53B	10.15B	6.66B	0	7.82B	9.36B	4.18B	0
Other Non-Current Liabilities	6.13B	5.86B	11.12B	27.25B	31.64B	28.18B	16.72B	16.84B	19.09B	27.51B
Total Liabilities	13.28B	25.02B	52.07B	60.2B	69.93B	63.39B	71.65B	75.63B	91.33B	89.7B
Total Debt+	3.8B	8.97B	25.65B	24.5B	24.12B	18.71B	20.58B	23.05B	41.01B	42.06B
Net Debt	3.09B	8.01B	23.59B	21.96B	18.5B	-1.53B	-9.71B	-3.03B	15.45B	26.02B
Debt / Equity	0.25x	0.54x	1.07x	0.95x	0.74x	0.26x	0.25x	0.25x	0.79x	0.87x
Debt / EBITDA	0.60x	0.85x	2.79x	3.18x	1.56x	0.37x	0.29x	0.53x	1.74x	3.37x
Net Debt / EBITDA	0.49x	0.76x	2.57x	2.85x	1.20x	-0.03x	-0.14x	-0.07x	0.65x	2.08x
Interest Coverage	7.71x	7.19x	0.64x	0.42x	3.31x	18.51x	35.45x	17.07x	5.89x	1.13x
Total Equity+	14.98B	16.72B	24.02B	25.66B	32.61B	70.72B	81.34B	91B	51.61B	48.29B
Equity Growth %	-0%	0.12%	0.44%	0.07%	0.27%	1.17%	0.15%	0.12%	-0.43%	-0.06%
Book Value per Share	37.41	43.22	47.77	44.71	50.57	101.82	111.16	128.59	72.93	68.24
Total Shareholders' Equity	14.88B	16.7B	24B	24.72B	31.14B	67.94B	79.39B	91B	48.73B	43.98B
Common Stock	21.73B	21.73B	34.67B	34.67B	40.66B	30.15B	21.65B	21.65B	21.65B	21.65B
Retained Earnings	-9.8B	-8.03B	-13.26B	-15.5B	-15.43B	12.22B	27.41B	33.78B	-8.47B	-13.82B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	2.94B	2.98B	2.57B	4.62B	4.44B	25.57B	30.33B	32.67B	35.55B	36.15B
Minority Interest	109.8M	17.7M	19.8M	936M	1.47B	2.24B	1.41B	2.9B	2.88B	4.31B

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	3.52B	4.41B	2.74B	12.2B	9.46B	27.15B	32.26B	15.54B	7.09B	10.29B
Operating CF Margin %	0.15%	0.14%	0.06%	0.24%	0.13%	0.21%	0.19%	0.11%	0.06%	0.09%
Operating CF Growth %	-0.13%	0.25%	-0.38%	3.45%	-0.22%	1.87%	0.19%	-0.52%	-0.54%	0.45%
Net Income	1.62B	9.84B	7.09B	8.7B	10.56B	45.19B	67.78B	40.75B	-37.77B	-7.3B
Depreciation & Amortization	3.64B	4.04B	7.56B	6.61B	7.21B	7.59B	8.29B	7.09B	10.01B	8.81B
Stock-Based Compensation	274.4M	496.2M	231.9M	299.4M	363M	512M	383M	218M	113M	251M
Deferred Taxes	-924M	-7.66B	0	-8.65B	-10.4B	-15.29B	-41.51B	-26.06B	0	0
Other Non-Cash Items	-1.35B	-9.73B	-3.83B	6.3B	2.36B	-1.42B	-5.15B	-6.83B	32.99B	1.67B
Working Capital Changes	-668M	-237.6M	-522.3M	-1.07B	-625.6M	-9.44B	2.46B	386M	1.75B	6.85B
Change in Receivables	-634.6M	-220M	-214.9M	-461M	3.12B	-2.17B	-510M	116M	1.33B	1.77B
Change in Inventory	-78.2M	-35.5M	-937.7M	-924.8M	-5B	-9.03B	1.38B	605M	1.51B	2.15B
Change in Payables	44.8M	17.9M	630.3M	315.8M	-3.12B	2.17B	510M	-116M	0	0
Cash from Investing+	-3.34B	-9.44B	-28.14B	-7.74B	-4.86B	-9.94B	-14.57B	-17.37B	-22.04B	-24.34B
Capital Expenditures	-3.34B	-4.15B	-6.1B	-7.08B	-7.71B	-9.62B	-12.74B	-15.9B	-22.41B	-21.57B
CapEx % of Revenue	0.15%	0.13%	0.13%	0.14%	0.11%	0.08%	0.07%	0.11%	0.2%	0.19%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	4.9M	14.6M	-56.7M	-1.37B	37.1M	439.7M	1.03B	669M	36M	213M
Cash from Financing+	-20.9M	5.45B	26.81B	-4.1B	-1.47B	-2.24B	-8.34B	-3.5B	12.98B	4.56B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-658.4M	-1.61B	-560.4M	-600K	-85M	-1.7B	-18.18B	-9.45B	-5.32B	-173M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-658.4M	-1.61B	12.93B	0	1.77B	1.7B	18.05B	6.09B	4.31B	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	170.5M	254.4M	-3.36B	5.12B	1.76B	17.53B	19.52B	-356M	-15.32B	-11.28B
FCF Margin %	0.01%	0.01%	-0.07%	0.1%	0.02%	0.14%	0.11%	-0%	-0.13%	-0.1%
FCF Growth %	-0.79%	0.49%	-14.2%	2.52%	-0.66%	8.97%	0.11%	-1.02%	-42.02%	0.26%
FCF per Share	0.43	0.66	-6.68	8.91	2.73	25.25	26.67	-0.50	-21.64	-15.94
FCF Conversion (FCF/Net Income)	4.90x	1.19x	-0.62x	-4.88x	152.40x	0.93x	0.98x	0.84x	-0.19x	-1.41x
Interest Paid	0	0	0	0	0	0	0	0	0	2.1B
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.78%	23.35%	-21.79%	-10.06%	0.21%	56.74%	43.47%	21.35%	-52.97%	-14.61%
Return on Invested Capital (ROIC)	11.36%	22.75%	3.39%	1.72%	12.56%	54.22%	66.57%	34.24%	13.18%	3.91%
Gross Margin	10.12%	19.02%	7.25%	4.57%	12.59%	33.17%	34.95%	25.19%	11.24%	5.62%
Net Margin	3.16%	11.85%	-9.67%	-4.93%	0.09%	23.01%	19.2%	13.3%	-33.23%	-6.51%
Debt / Equity	0.25x	0.54x	1.07x	0.95x	0.74x	0.26x	0.25x	0.25x	0.79x	0.87x
Interest Coverage	7.71x	7.19x	0.64x	0.42x	3.31x	18.51x	35.45x	17.07x	5.89x	1.13x
FCF Conversion	4.90x	1.19x	-0.62x	-4.88x	152.40x	0.93x	0.98x	0.84x	-0.19x	-1.41x
Revenue Growth	4.3%	37.52%	46.96%	10.33%	43.96%	74.69%	35.17%	-19.69%	-17.79%	-1.37%

Revenue by Segment

	2019	2020	2021	2022	2023	2024
Pgm Mining Activities	-	95.57B	137.96B	111.07B	71.09B	59.55B
Pgm Mining Activities Growth	-	-	44.35%	-19.49%	-36.00%	-16.24%
Gold Mining Activities	-	28.93B	29.53B	18.81B	30.26B	37.14B
Gold Mining Activities Growth	-	-	2.09%	-36.30%	60.84%	22.74%
Platinum Mining Activities	13.01B	17.05B	21.24B	17.83B	19.77B	20.57B
Platinum Mining Activities Growth	-	31.05%	24.53%	-16.07%	10.93%	4.04%
Palladium Mining Activities	28.03B	47.28B	52.86B	42.27B	25.27B	19.92B
Palladium Mining Activities Growth	-	68.67%	11.80%	-20.02%	-40.22%	-21.18%
Rhodium Mining Activities	9.34B	29.87B	59.83B	47.17B	21.99B	14.75B
Rhodium Mining Activities Growth	-	219.82%	100.33%	-21.16%	-53.38%	-32.94%
Chrome Mining Activities	1.75B	1.57B	2.26B	3.48B	5.17B	6.07B
Chrome Mining Activities Growth	-	-10.10%	43.64%	54.09%	48.38%	17.50%
Nickel Mining Activities	617.9M	-	-	4.3B	4.33B	3.63B
Nickel Mining Activities Growth	-	-	-	-	0.67%	-16.34%
Iridium Mining Activities	649.6M	814.5M	2.69B	2.48B	2.88B	2.82B
Iridium Mining Activities Growth	-	25.38%	230.76%	-7.94%	16.25%	-2.05%
Ruthenium Mining Activities	473M	558.1M	1.34B	1.32B	1.17B	1.48B
Ruthenium Mining Activities Growth	-	17.99%	139.92%	-1.19%	-11.56%	26.84%
Other Product Or Service	171.2M	1.32B	2.44B	620M	712M	976M
Other Product Or Service Growth	-	669.51%	85.52%	-74.63%	14.84%	37.08%

Revenue by Geography

	2019	2020	2021	2022	2023	2024
UNITED STATES	-	-	58.68B	45.64B	23.67B	22.96B
UNITED STATES Growth	-	-	-	-22.22%	-48.13%	-3.01%
Europe	-	-	-	3.14B	3.02B	2.78B
Europe Growth	-	-	-	-	-3.69%	-7.94%
U	26.7B	44.61B	-	-	-	-
U Growth	-	67.06%	-	-	-	-
North America	30.6B	-	-	-	-	-
North America Growth	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Sibanye Stillwater Limited (SBSW) reported $220.01B in revenue for fiscal year 2024. This represents a 1085% increase from $18.57B in 2011.

Sibanye Stillwater Limited (SBSW) saw revenue decline by 1.4% over the past year.

Sibanye Stillwater Limited (SBSW) reported a net loss of $56.08B for fiscal year 2024.

Dividend & Returns

Yes, Sibanye Stillwater Limited (SBSW) pays a dividend with a yield of 1.42%. This makes it attractive for income-focused investors.

Sibanye Stillwater Limited (SBSW) has a return on equity (ROE) of -14.6%. Negative ROE indicates the company is unprofitable.

Sibanye Stillwater Limited (SBSW) had negative free cash flow of $15.27B in fiscal year 2024, likely due to heavy capital investments.