Sibanye Stillwater Limited (SBSW) Financial Ratios
15 years of historical data (2011–2025) · Basic Materials · Gold
EV/EBITDA
↑
5.80
↑+432% vs avg
5yr avg: 1.09
30Y Low0.1·High3.1
P/FCF
↑
93.20
↑+2789% vs avg
5yr avg: 3.23
30Y Low0.2·High14.0
P/B Ratio
↑
3.56
↑+3154% vs avg
5yr avg: 0.11
30Y Low0.0·High0.2
ROE
↓
-10.4%
↑-295% vs avg
5yr avg: -2.6%
30Y Low-53%·High156%
Debt/EBITDA
↑
1.40
↓-5% vs avg
5yr avg: 1.46
30Y Low0.3·High3.4
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
SBSW Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Sibanye Stillwater Limited currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 93.2x P/FCF, 2789% above the 5-year average of 3.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.5B | $10.1B | $2.3B | $3.8B | $7.5B | $9.2B | $11.0B | $6.4B | $1.6B | $2.5B | $2.7B |
| Enterprise Value | $11.2B | $37.3B | $28.4B | $19.3B | $4.5B | $-536083790 | $9.5B | $24.9B | $23.6B | $26.1B | $10.7B |
| P/E Ratio → | -32.65 | — | — | — | 0.41 | 0.28 | 0.38 | 14.60 | — | — | 0.77 |
| P/S Ratio | 1.31 | 0.08 | 0.02 | 0.03 | 0.05 | 0.05 | 0.09 | 0.09 | 0.03 | 0.06 | 0.09 |
| P/B Ratio | 3.56 | 0.23 | 0.05 | 0.07 | 0.08 | 0.11 | 0.16 | 0.20 | 0.06 | 0.11 | 0.16 |
| P/FCF | 93.20 | 5.98 | — | — | — | 0.47 | 0.63 | 3.64 | 0.32 | — | 10.52 |
| P/OCF | 7.67 | 0.49 | 0.23 | 0.54 | 0.49 | 0.28 | 0.41 | 0.68 | 0.13 | 0.93 | 0.61 |
P/E links to full P/E history page with 30-year chart
SBSW EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Sibanye Stillwater Limited's enterprise value stands at 5.8x EBITDA, 432% above its 5-year average of 1.1x. The Basic Materials sector median is 11.4x, placing the stock at a 49% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.31 | 0.25 | 0.17 | 0.03 | -0.00 | 0.07 | 0.34 | 0.47 | 0.57 | 0.34 |
| EV / EBITDA | 5.80 | 1.17 | 2.27 | 0.82 | 0.10 | -0.01 | 0.19 | 1.61 | 3.06 | 2.84 | 1.01 |
| EV / EBIT | 8.30 | 1.68 | — | — | 0.15 | -0.01 | 0.25 | 20.75 | 20.68 | — | 2.21 |
| EV / FCF | — | 22.11 | — | — | — | -0.03 | 0.54 | 14.16 | 4.61 | — | 41.99 |
SBSW Profitability
Margins and return-on-capital ratios measuring operating efficiency
Sibanye Stillwater Limited earns an operating margin of 18.5%, above the Basic Materials sector average of 9.8%. Operating margins have expanded from 12.0% to 18.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -10.4% indicates the company is currently destroying shareholder equity. ROIC of 22.9% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 23.8% | 23.8% | 5.6% | 11.2% | 25.2% | 34.9% | 33.2% | 12.6% | 4.6% | 7.3% | 19.0% |
| Operating Margin | 18.5% | 18.5% | 3.3% | 12.0% | 26.3% | 36.3% | 34.1% | 11.3% | 2.2% | 3.6% | 20.8% |
| Net Profit Margin | -4.0% | -4.0% | -6.5% | -33.2% | 13.3% | 19.2% | 23.0% | 0.1% | -4.9% | -9.7% | 11.8% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -10.4% | -10.4% | -14.6% | -53.0% | 21.3% | 43.5% | 56.7% | 0.2% | -10.1% | -21.8% | 23.4% |
| ROA | -3.3% | -3.3% | -5.2% | -24.4% | 11.5% | 23.0% | 24.9% | 0.1% | -3.1% | -7.5% | 10.6% |
| ROIC | 22.9% | 22.9% | 3.9% | 13.2% | 34.2% | 66.6% | 54.2% | 12.6% | 1.7% | 3.4% | 22.7% |
| ROCE | 19.1% | 19.1% | 3.3% | 10.8% | 26.1% | 50.2% | 42.8% | 10.5% | 1.6% | 3.2% | 22.2% |
SBSW Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Sibanye Stillwater Limited carries a Debt/EBITDA ratio of 1.4x, which is manageable (47% below the sector average of 2.6x). Net debt stands at $27.2B ($44.3B total debt minus $17.2B cash). Interest coverage of 8.6x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.00 | 1.00 | 0.87 | 0.79 | 0.25 | 0.25 | 0.26 | 0.74 | 0.95 | 1.07 | 0.54 |
| Debt / EBITDA | 1.40 | 1.40 | 3.37 | 1.74 | 0.53 | 0.29 | 0.37 | 1.56 | 3.18 | 2.79 | 0.85 |
| Net Debt / Equity | — | 0.62 | 0.54 | 0.30 | -0.03 | -0.12 | -0.02 | 0.57 | 0.86 | 0.98 | 0.48 |
| Net Debt / EBITDA | 0.86 | 0.86 | 2.08 | 0.65 | -0.07 | -0.14 | -0.03 | 1.20 | 2.85 | 2.57 | 0.76 |
| Debt / FCF | — | 16.13 | — | — | — | -0.50 | -0.09 | 10.52 | 4.29 | — | 31.47 |
| Interest Coverage | 8.63 | 8.63 | 1.13 | 5.89 | 17.07 | 35.45 | 18.51 | 3.31 | 0.42 | 0.64 | 7.19 |
SBSW Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.78x means Sibanye Stillwater Limited can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.86x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 1.70x to 1.78x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.78 | 1.78 | 2.32 | 1.70 | 3.01 | 3.16 | 2.99 | 1.83 | 1.04 | 1.42 | 1.24 |
| Quick Ratio | 0.86 | 0.86 | 1.10 | 0.97 | 1.70 | 1.94 | 1.56 | 0.74 | 0.68 | 1.00 | 1.13 |
| Cash Ratio | 0.50 | 0.50 | 0.77 | 0.70 | 1.29 | 1.47 | 1.16 | 0.39 | 0.17 | 0.24 | 0.20 |
| Asset Turnover | — | 0.80 | 0.81 | 0.80 | 0.83 | 1.13 | 0.95 | 0.72 | 0.60 | 0.60 | 0.75 |
| Inventory Turnover | 2.91 | 2.91 | 4.14 | 3.83 | 3.92 | 4.47 | 3.41 | 4.11 | 9.13 | 12.07 | 37.38 |
| Days Sales Outstanding | — | 36.63 | 18.63 | 27.87 | 15.38 | 12.23 | 17.26 | 19.38 | 44.53 | 43.28 | 67.30 |
SBSW Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Sibanye Stillwater Limited returns 0.2% to shareholders annually primarily through dividends.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 0.2% | 2.8% | 7.4% | 100.0% | 100.0% | 100.0% | 15.4% | 1.3% | 0.0% | 22.1% | 60.2% |
| Payout Ratio | — | — | — | — | 51.4% | 55.0% | 5.8% | 136.9% | — | — | 43.5% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | 243.9% | 360.1% | 265.6% | 6.8% | — | — | 130.1% |
| FCF Yield | 1.1% | 16.7% | — | — | — | 212.7% | 158.9% | 27.5% | 315.0% | — | 9.5% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 92.7% | 0.8% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.2% | 2.8% | 7.4% | 100.0% | 100.0% | 100.0% | 16.1% | 1.3% | 0.0% | 22.1% | 60.2% |
| Shares Outstanding | — | $708M | $708M | $708M | $708M | $732M | $694M | $645M | $574M | $503M | $387M |
Peer Comparison
Compare SBSW with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 SBSWYou | $10B | -32.6 | 5.8 | 93.2 | 23.8% | 18.5% | -10.4% | 22.9% | 1.4 |
 PAL | $203M | -6.0 | 5.1 | — | 7.9% | 3.8% | -10.3% | 3.0% | 1.8 |
 SA | $3B | -117.9 | — | — | — | — | -4.0% | -1.3% | — |
 NEM | $128B | 18.0 | 9.2 | 17.5 | 49.8% | 46.9% | 22.1% | 24.9% | 0.0 |
 AEM | $95B | 21.4 | 11.6 | 22.3 | 58.1% | 53.1% | 19.6% | 21.9% | 0.0 |
 KGC | $37B | 15.5 | 8.4 | 14.4 | 47.5% | 43.2% | 31.0% | 29.9% | 0.2 |
 HL | $12B | 37.0 | 17.3 | 39.2 | 41.1% | 37.5% | 13.9% | 15.3% | 0.4 |
 CDE | $12B | 20.8 | 11.6 | 18.1 | 39.3% | 36.3% | 26.4% | 23.5% | 0.4 |
 ALB | $23B | -33.5 | 32.3 | 32.8 | 13.1% | 1.8% | -5.1% | 0.6% | 4.4 |
 MP | $13B | -145.3 | — | — | -2.4% | -44.6% | -5.0% | -4.7% | — |
 CMC | $8B | 97.5 | 10.3 | 25.7 | 15.6% | 6.7% | 2.0% | 8.5% | 1.7 |
| Basic Materials Median | — | 22.9 | 11.4 | 27.5 | 31.7% | 9.8% | 1.0% | 4.4% | 2.6 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Includes 30+ ratios · 15 years · Updated daily
Full SBSW Stock Analysis
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Start ComparisonSBSW — Frequently Asked Questions
Quick answers to the most common questions about buying SBSW stock.
What is Sibanye Stillwater Limited's P/E ratio?
Sibanye Stillwater Limited's current P/E ratio is -32.6x. The historical average is 2.7x.
What is Sibanye Stillwater Limited's EV/EBITDA?
Sibanye Stillwater Limited's current EV/EBITDA is 5.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.2x.
What is Sibanye Stillwater Limited's ROE?
Sibanye Stillwater Limited's return on equity (ROE) is -10.4%. The historical average is 16.0%.
Is SBSW stock overvalued?
Based on historical data, Sibanye Stillwater Limited is trading at a P/E of -32.6x. Compare with industry peers and growth rates for a complete picture.
What is Sibanye Stillwater Limited's dividend yield?
Sibanye Stillwater Limited's current dividend yield is 0.18%.
What are Sibanye Stillwater Limited's profit margins?
Sibanye Stillwater Limited has 23.8% gross margin and 18.5% operating margin. Operating margin between 10-20% is typical for established companies.
How much debt does Sibanye Stillwater Limited have?
Sibanye Stillwater Limited's Debt/EBITDA ratio is 1.4x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.