Overview Dividends

(SBSW) Sibanye Gold - Ratings and Ratios

Exchange: NYSE • Country: South Africa • Currency: USD • Type: Common Stock • ISIN: US82575P1075

Gold, Platinum, Palladium, Rhodium, Lithium

Precious Metals & Minerals
Market Cap in USD: 10,387m

IPO / Inception: 2013-02-11
Return 12m vs S&P 500: 311%

EPS (Earnings per Share)

EPS CAGR: 39.41%
EPS Trend: -36.7%

Last SUE: 3.67
Qual. Beats: 2

Revenue

Rev. CAGR: -11.36%
Rev. Trend: -8.0%

Last SUE: 1.11
Qual. Beats: 3

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	63.7%
Value at Risk 5%th	105%
Relative Tail Risk	-0.10%

Reward TTM
Sharpe Ratio	2.66
Alpha	346.74
CAGR/Max DD	0.16

Character TTM
Hurst Exponent	0.457
Beta	1.007
Beta Downside	1.205

Drawdowns 3y
Max DD	72.89%
Mean DD	46.35%
Median DD	54.31%

Description: SBSW Sibanye Gold November 05, 2025

Sibanye Stillwater Ltd. (NYSE:SBSW) is a diversified precious-metals miner headquartered in Weltevredenpark, South Africa, with operations spanning South Africa, the United States, Europe, and Australia. The firm extracts a broad portfolio of commodities-including gold, the full suite of platinum-group metals (PGM) (palladium, platinum, rhodium, iridium, ruthenium), chrome, lithium, zinc, nickel, silver, cobalt, and copper-under a corporate structure formed in 2013.

Recent disclosed metrics (2023 FY) show the company produced roughly 1.0 million ounces of gold and 2.4 million ounces of PGMs, while its lithium output from the Zinnwald-Berg lithium-project reached 1,200 tonnes of LCE. Cash costs averaged $1,050 per ounce of gold and $1,200 per ounce of palladium, and net debt stood at approximately $1.3 billion, reflecting ongoing capital-intensive expansion in the PGM and lithium segments.

Key economic drivers for Sibanye include: (1) PGM demand tied to tightening global emissions standards, which sustains auto-catalyst consumption; (2) accelerating lithium demand from electric-vehicle battery supply chains, positioning the company’s emerging lithium assets for upside; and (3) gold price dynamics driven by macro-uncertainty, which can buffer earnings volatility when PGM margins compress. South African regulatory risk and labor relations remain material uncertainties that can affect production continuity.

For a deeper quantitative breakdown and scenario analysis, the ValueRay SBSW profile offers a useful next step for investors seeking data-driven insights.

Piotroski VR‑10 (Strict, 0-10) 5.0

Net Income (-10.71b TTM) > 0 and > 6% of Revenue (6% = 13.43b TTM)

FCFTA -0.08 (>2.0%) and ΔFCFTA 3.93pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 17.64% (prev 15.99%; Δ 1.65pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.21 (>3.0%) and CFO 29.81b > Net Income -10.71b (YES >=105%, WARN >=100%)

NO Net Debt/EBITDA fails (EBITDA <= 0)

Current Ratio 2.89 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (707.6m) change vs 12m ago -75.0% (target <= -2.0% for YES)

Gross Margin 18.23% (prev 9.91%; Δ 8.33pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 160.1% (prev 124.4%; Δ 35.68pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -6.98 (EBITDA TTM -291.0m / Interest Expense TTM 2.58b) >= 6 (WARN >= 3)

Altman Z'' 0.96

(A) 0.27 = (Total Current Assets 60.37b - Total Current Liabilities 20.90b) / Total Assets 144.70b

(B) -0.12 = Retained Earnings (Balance) -17.41b / Total Assets 144.70b

(D) 0.40 = Book Value of Equity 40.37b / Total Liabilities 100.35b

Total Rating: 0.96 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 27.03

1. Piotroski 5.0pt

2. FCF Yield -6.07%

3. FCF Margin -5.24%

4. Debt/Equity 1.06

5. Debt/Ebitda -75.07

6. ROIC - WACC (= -25.28)%

7. RoE -24.95%

8. Rev. Trend -7.97%

9. EPS Trend -36.70%

What is the price of SBSW shares?

As of January 07, 2026, the stock is trading at USD 16.19 with a total of 11,682,443 shares traded.
Over the past week, the price has changed by +10.89%, over one month by +29.73%, over three months by +43.15% and over the past year by +383.28%.

Is SBSW a buy, sell or hold?

Sibanye Gold has received a consensus analysts rating of 3.33. Therefor, it is recommend to hold SBSW.

Strong Buy: 0
Buy: 1
Hold: 2
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the SBSW price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	15.1	-6.5%
Analysts Target Price	15.1	-6.5%
ValueRay Target Price	18.5	14.2%

SBSW Fundamental Data Overview January 06, 2026

Market Cap ZAR = 171.31b (10.39b USD * 16.4927 USD.ZAR)
P/E Forward = 9.5329
P/S = 0.093
P/B = 4.2107
Beta = 0.888
Revenue TTM = 223.82b ZAR
EBIT TTM = -17.98b ZAR
EBITDA TTM = -291.0m ZAR
Long Term Debt = 42.14b ZAR (from longTermDebt, last quarter)
Short Term Debt = 460.0m ZAR (from shortTermDebt, last quarter)
Debt = 42.86b ZAR (from shortLongTermDebtTotal, last quarter)
Net Debt = 21.85b ZAR (from netDebt column, last quarter)
Enterprise Value = 193.15b ZAR (171.31b + Debt 42.86b - CCE 21.01b)
Interest Coverage Ratio = -6.98 (Ebit TTM -17.98b / Interest Expense TTM 2.58b)
FCF Yield = -6.07% (FCF TTM -11.72b / Enterprise Value 193.15b)
FCF Margin = -5.24% (FCF TTM -11.72b / Revenue TTM 223.82b)
Net Margin = -4.79% (Net Income TTM -10.71b / Revenue TTM 223.82b)
Gross Margin = 18.23% ((Revenue TTM 223.82b - Cost of Revenue TTM 183.01b) / Revenue TTM)
Gross Margin QoQ = 30.11% (prev 15.09%)
Tobins Q-Ratio = 1.33 (Enterprise Value 193.15b / Total Assets 144.70b)
Interest Expense / Debt = 3.17% (Interest Expense 1.36b / Debt 42.86b)
Taxrate = -61.34% (out of range, set to none) (1.49b / -2.42b)
NOPAT = unknown (EBIT/Op.Income or Taxrate missing)
Current Ratio = 2.89 (Total Current Assets 60.37b / Total Current Liabilities 20.90b)
Debt / Equity = 1.06 (Debt 42.86b / totalStockholderEquity, last quarter 40.37b)
Debt / EBITDA = -75.07 (negative EBITDA) (Net Debt 21.85b / EBITDA -291.0m)
Debt / FCF = -1.86 (negative FCF - burning cash) (Net Debt 21.85b / FCF TTM -11.72b)
Total Stockholder Equity = 42.93b (last 4 quarters mean from totalStockholderEquity)
RoA = -7.40% (Net Income -10.71b / Total Assets 144.70b)
RoE = -24.95% (Net Income TTM -10.71b / Total Stockholder Equity 42.93b)
RoCE = -21.14% (EBIT -17.98b / Capital Employed (Equity 42.93b + L.T.Debt 42.14b))
RoIC = -17.49% (negative operating profit) (EBIT -17.98b / (Assets 144.70b - Curr.Liab 20.90b - Cash 21.01b))
WACC = 7.78% (E(171.31b)/V(214.17b) * Re(9.73%) + (debt cost/tax rate unavailable))
Discount Rate = 9.73% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -81.65 | Cagr: -0.00%
Fair Price DCF = unknown (Cash Flow -11.72b)
EPS Correlation: -36.70 | EPS CAGR: 39.41% | SUE: 3.67 | # QB: 2
Revenue Correlation: -7.97 | Revenue CAGR: -11.36% | SUE: 1.11 | # QB: 3
EPS next Year (2026-12-31): EPS=47.74 | Chg30d=+22.069 | Revisions Net=+1 | Growth EPS=+186.7% | Growth Revenue=+21.0%

Additional Sources for SBSW Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle