Sibanye Stillwater Limited logo

Sibanye Stillwater Limited

SBSW

NYSEBasic MaterialsOther Precious Metals

Latest quote

$12.57

+$0.76 · +6.43%

Aug 21, 3:55 PM ET

SBSW company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

20

Strong Down

Sentiment

56

Mixed

Risk resilience

38

High Risk

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Company profile

Company website

Sibanye Stillwater Limited, along with its various subsidiaries, functions as a prominent precious metals mining entity with operations spanning South Africa, the United States, Zimbabwe, Canada, and Argentina. The company's primary outputs encompass gold and Platinum Group Metals (PGMs) – specifically palladium, platinum, and rhodium – alongside secondary commodities such as iridium, ruthenium, nickel, copper, and chrome. In the United States, its assets include the East Boulder and Stillwater mines situated in Montana. These are supported by the Columbus metallurgical complex, which is responsible for smelting the mined material into PGM-rich filter cake and also conducts PGM recycling activities. Its extensive portfolio in South Africa features PGM operations at Kroondal, Rustenburg, Marikana, and Platinum Mile. Gold production stems from surface facilities like Driefontein, Kloof, and Cooke, located on the West Rand of the Witwatersrand Basin, as well as the Beatrix mine in the southern Free State. Further international interests include the Mimosa mine in the southern region of Zimbabwe, the Marathon PGM project in Ontario, Canada, and the Altar and Rio Grande copper-gold ventures nestled within the Andes in northwest Argentina. Sibanye Stillwater also maintains holdings in surface tailings retreatment facilities and other South African gold projects, including Hoedspruit, Burnstone, and additional sites in the southern Free State. The company was founded in 2013 and maintains its headquarters in Weltevreden Park, South Africa.

Industry
Other Precious Metals
Sector
Basic Materials
Headquarters
ZA
CEO
Richard Andrew Stewart
Listed since
Feb 11, 2013
Employees
72,423

Market position

Volume
8.05M
1.57× average
Average volume
5.12M
Average daily volume
Market cap
8.9B USD
Beta
0.92
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
193.67B ZAR
EV / EBITDA
9.99×
Earnings yield
-3.10%
Free cash flow yield
1.01%

Profitability & efficiency

Return on equity
-13.10%
Return on assets
-3.46%
Return on invested capital
30.79%

Financial health

Current ratio
1.78×
Altman Z-score
2.2
Piotroski F-score
6 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends43%15%-12%-40%Gross margin, FY2021: 34.95%Gross margin, FY2022: 25.19%Gross margin, FY2023: 11.24%Gross margin, FY2024: 5.62%Gross margin, FY2025: 31.80%Operating margin, FY2021: 36.29%Operating margin, FY2022: 26.35%Operating margin, FY2023: 11.98%Operating margin, FY2024: 3.29%Operating margin, FY2025: 30.17%Net margin, FY2021: 19.20%Net margin, FY2022: 13.30%Net margin, FY2023: -33.23%Net margin, FY2024: -6.51%Net margin, FY2025: -3.99%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 34.95%. Gross margin FY2022 25.19%. Gross margin FY2023 11.24%. Gross margin FY2024 5.62%. Gross margin FY2025 31.80%. Operating margin FY2021 36.29%. Operating margin FY2022 26.35%. Operating margin FY2023 11.98%. Operating margin FY2024 3.29%. Operating margin FY2025 30.17%. Net margin FY2021 19.20%. Net margin FY2022 13.30%. Net margin FY2023 -33.23%. Net margin FY2024 -6.51%. Net margin FY2025 -3.99%.

Income trends

Revenue

129.68B ZAR+15.65%

Operating income

39.12B ZAR+961.89%

Net income

−5.17B ZAR+29.14%
Income trends across reported periods193.19B ZAR109.2B ZAR25.22B ZAR−58.77B ZARRevenue, FY2021: 172.19B ZARRevenue, FY2022: 138.29B ZARRevenue, FY2023: 113.68B ZARRevenue, FY2024: 112.13B ZARRevenue, FY2025: 129.68B ZAROperating income, FY2021: 62.49B ZAROperating income, FY2022: 36.43B ZAROperating income, FY2023: 13.62B ZAROperating income, FY2024: 3.68B ZAROperating income, FY2025: 39.12B ZARNet income, FY2021: 33.05B ZARNet income, FY2022: 18.4B ZARNet income, FY2023: −37.77B ZARNet income, FY2024: −7.3B ZARNet income, FY2025: −5.17B ZARFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 172.19B ZAR. Revenue FY2022 138.29B ZAR. Revenue FY2023 113.68B ZAR. Revenue FY2024 112.13B ZAR. Revenue FY2025 129.68B ZAR. Operating income FY2021 62.49B ZAR. Operating income FY2022 36.43B ZAR. Operating income FY2023 13.62B ZAR. Operating income FY2024 3.68B ZAR. Operating income FY2025 39.12B ZAR. Net income FY2021 33.05B ZAR. Net income FY2022 18.4B ZAR. Net income FY2023 −37.77B ZAR. Net income FY2024 −7.3B ZAR. Net income FY2025 −5.17B ZAR.
Metric (ZAR)FY2025FY2024FY2023FY2022FY2021
Revenue129.68B ZAR112.13B ZAR113.68B ZAR138.29B ZAR172.19B ZAR
Cost of goods sold88.44B ZAR105.82B ZAR100.9B ZAR103.46B ZAR112.02B ZAR
Gross profit41.24B ZAR6.31B ZAR12.78B ZAR34.83B ZAR60.17B ZAR
Selling, general, and administrative2.53B ZAR379M ZAR217M ZAR7M ZAR369M ZAR
Operating expenses2.12B ZAR2.62B ZAR4.36B ZAR608M ZAR395M ZAR
Interest income1.45B ZAR1.34B ZAR1.44B ZAR1.2B ZAR1.2B ZAR
Interest expense2.57B ZAR3.27B ZAR2.31B ZAR2.14B ZAR1.76B ZAR
Depreciation and amortization9.37B ZAR8.81B ZAR10.01B ZAR7.09B ZAR8.29B ZAR
Operating income39.12B ZAR3.68B ZAR13.62B ZAR36.43B ZAR62.49B ZAR
Net income−5.17B ZAR−7.3B ZAR−37.77B ZAR18.4B ZAR33.05B ZAR

Company facts updated Aug 24, 2026.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$14.25

13.28% upside
Past 12 months12-month forecast

Price history unavailable

High $16.50Average $14.25Low $12.00

Rating distribution

14 ratings
Strong buy00%
Buy643%
Hold536%
Sell321%
Strong sell00%

Recent analyst actions

7 institutions
HSBC SecuritiesupgradeHoldBuy
RBC Capital MktsupgradeSector PerformOutperform
B of A SecuritiesdowngradeNeutralUnderperform

SBSW peers

ETFs holding SBSW

Funds reporting this stock among their holdings, ordered by reported position size.

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