SBSW Stock Analysis: Sibanye Gold | NYSE
Other Precious Metals & Mining | NYSE, USA | Market Cap: 7.241m USD | 12M Return: -4.2% | US82575P1075 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 54.2M
Qual. Beats: 2
Rev. Trend: 77.5%
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Sibanye Stillwater Limited (NYSE: SBSW) is a South African-headquartered precious metals mining company operating across South Africa, the United States, Europe, and Australia. Founded in 2013, the company produces a diversified mix of metals including platinum group metals (PGMs)-platinum, palladium, rhodium, ruthenium, and iridium-along with gold, silver, lithium, zinc, nickel, and copper.
Classified in the Materials sector under the Precious Metals & Minerals sub-industry, the company is a mid-cap stock with a market capitalization of approximately $7.4 billion USD. Its product mix is notable for combining traditional precious metals with battery-related commodities such as lithium and nickel, positioning it across both established and emerging demand segments. PGMs in particular are critical inputs for automotive catalytic converters, tying a significant portion of revenue to global vehicle production and emissions regulation trends.
- Palladium and platinum price swings drive PGM segment revenue
- Lithium project ramp-up tied to EV battery demand growth
- South Africa power crisis and labor costs pressure operating margins
| Net Income: 11.7b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.10 > 0.02 and ΔFCF/TA 23.30 > 1.0 |
| NWC/Revenue: 13.81% < 20% (prev 20.07%; Δ -6.27% < -1%) |
| CFO/TA 0.35 > 3% & CFO 55.8b > Net Income 11.7b |
| Net Debt (15.4b) to EBITDA (54.3b): 0.28 < 3 |
| Current Ratio: 2.72 > 1.5 & < 3 |
| Outstanding Shares: last quarter (803.4m) vs 12m ago 13.53% < -2% |
| Gross Margin: 28.54% > 18% (prev 14.18%; Δ 14.36% > 0.5%) |
| Asset Turnover: 191.8% > 50% (prev 135.9%; Δ 55.94% > 0%) |
| Interest Coverage Ratio: 6.78 > 6 (EBIT TTM 34.5b / Interest Expense TTM 5.08b) |
| A: 0.25 (Total Current Assets 63.4b - Total Current Liabilities 23.3b) / Total Assets 158b |
| B: 0.11 (Retained Earnings 17.8b / Total Assets 158b) |
| C: 0.23 (EBIT TTM 34.5b / Avg Total Assets 151b) |
| D: 0.54 (Book Value of Equity 53.3b / Total Liabilities 99.5b) |
| Altman-Z'' = 4.12 = AA |
| DSRI: 0.59 (Receivables 9.31b/10.7b, Revenue 291b/197b) |
| GMI: 0.50 (GM 14.18% / 28.54%) |
| AQI: 1.14 (AQ_t 0.17 / AQ_t-1 0.15) |
| SGI: 1.48 (Revenue 291b / 197b) |
| TATA: -0.28 (NI 11.7b - CFO 55.8b) / TA 158b) |
| Beneish M = -3.43 (Cap -4..+1) = AA |
As of October 10, 2026, the stock is trading at USD 10.00 with a total of 4,174,038 shares traded. Over the past week, the price has changed by +0.40%, over one month by -20.49%, over three months by +21.87% and over the past year by -4.21%.
Current recommended Stop Loss: 9.30 (which is 7% or 1.5 ATR below the current price).
Sibanye Gold has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy SBSW.
- StrongBuy: 2
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.3 | 32.7% |
Market Cap ZAR = 119b (7.24b USD * 16.5 USD.ZAR)
P/E Trailing = 8.2727
P/E Forward = 2.8612
P/S = 0.0439
P/B = 2.2599
Revenue TTM = 291b ZAR
EBIT TTM = 34.5b ZAR
EBITDA TTM = 54.3b ZAR
Long Term Debt = 36.5b ZAR (from longTermDebt, last quarter)
Short Term Debt = 410.7m ZAR (from shortTermDebt, last quarter)
Debt = 37.6b ZAR (from shortLongTermDebtTotal, last quarter) + Leases 564.0m
Net Debt = 15.4b ZAR (calculated: Debt 37.6b - CCE 22.3b)
Enterprise Value = 135b ZAR (119b + Debt 37.6b - CCE 22.3b)
Interest Coverage Ratio = 6.78 (Ebit TTM 34.5b / Interest Expense TTM 5.08b)
EV/FCF = 8.36x (Enterprise Value 135b / FCF TTM 16.1b)
FCF Yield = 11.96% (FCF TTM 16.1b / Enterprise Value 135b)
FCF Margin = 5.55% (FCF TTM 16.1b / Revenue TTM 291b)
Net Margin = 4.04% (Net Income TTM 11.7b / Revenue TTM 291b)
Gross Margin = 28.54% ((Revenue TTM 291b - Cost of Revenue TTM 208b) / Revenue TTM)
Gross Margin QoQ = 32.27% (prev 25.50%)
Tobins Q-Ratio = 0.85 (Enterprise Value 135b / Total Assets 158b)
Interest Expense / Debt = 13.52% (Interest Expense 5.08b / Debt 37.6b)
Taxrate = 27.98% (7.55b / 27.0b)
NOPAT = 24.8b (EBIT 34.5b * (1 - 27.98%))
Current Ratio = 2.72 (Total Current Assets 63.4b / Total Current Liabilities 23.3b)
Debt / Equity = 0.71 (Debt 37.6b / totalStockholderEquity, last quarter 53.3b)
Debt / EBITDA = 0.28 (Net Debt 15.4b / EBITDA 54.3b)
Debt / FCF = 0.95 (Net Debt 15.4b / FCF TTM 16.1b)
Total Stockholder Equity = 43.2b (last 4 quarters mean from totalStockholderEquity)
RoA = 7.76% (Net Income 11.7b / Total Assets 158b)
RoE = 27.22% (Net Income TTM 11.7b / Total Stockholder Equity 43.2b)
RoCE = 43.25% (EBIT 34.5b / Capital Employed (Equity 43.2b + L.T.Debt 36.5b))
RoIC = 20.56% (NOPAT 24.8b / Invested Capital 121b)
WACC = 9.72% (E(119b)/V(157b) * Re(9.71%) + D(37.6b)/V(157b) * Rd(13.52%) * (1-Tc(0.28)))
Discount Rate = 9.71% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -26.76 | Cagr: 5.80%
[DCF] Terminal Value 70.79% ; FCFF base≈16.1b ; Y1≈16.2b ; Y5≈17.2b
[DCF] Fair Price = 284.2 (EV 216b - Net Debt 15.4b = Equity 201b / Shares 707.6m; r=9.72% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 3.67 | # QB: 2
Revenue Correlation: 77.54 | Revenue CAGR: 16.37% | SUE: N/A | # QB: 0
EPS current Quarter (2025-09-30): EPS=0.00 | Chg30d=N/A | Revisions=N/A | Analysts=0
EPS current Year (2025-12-31): EPS=11.23 | Chg30d=+12.66% | Revisions=+0% | GrowthEPS=+208.9% | GrowthRev=+11.5%
EPS next Year (2026-12-31): EPS=39.65 | Chg30d=+40.72% | Revisions=-25% | GrowthEPS=+165.6% | GrowthRev=+26.9%