SBSW Stock Analysis: Sibanye Gold | NYSE
Other Precious Metals & Mining | NYSE, USA | Market Cap: 7.791m USD | 12M Return: 57.4% | US82575P1075 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 46.5M
Qual. Beats: 2
Rev. Trend: 65.3%
Warnings
Tailwinds
Seasonality 11.6 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 is a South Africa-based precious metals mining company that produces a diversified range of minerals across operations in South Africa, the United States, Europe, and Australia. Its primary output includes gold and platinum group metals (PGMs) such as palladium, platinum, rhodium, iridium, and ruthenium, alongside by-products like chrome, silver, and copper. The company has expanded into battery and EV-related metals, producing lithium, nickel, zinc, and cobalt, positioning it within both the traditional precious metals sector and the growing clean energy supply chain.
Founded in 2013 and headquartered in Weltevredenpark, South Africa, Sibanye Stillwater trades on the NYSE under the ticker SBSW and falls within the Materials sector (GICS Sub Industry: Precious Metals & Minerals). Its business model reflects a multi-commodity strategy that reduces reliance on any single metal, with PGM production historically anchored by its South African assets and supplemented by its U.S. Stillwater mining complex, one of the few significant palladium and platinum producers outside of South Africa and Russia.
- PGM prices slump on weakening auto catalyst demand
- Eskom loadshedding and labor costs erode South African mine margins
- Lithium and battery metals expansion increases capital spending
| Net Income: -6.43b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.03 > 0.02 and ΔFCF/TA 13.47 > 1.0 |
| NWC/Revenue: 10.44% < 20% (prev 14.29%; Δ -3.84% < -1%) |
| CFO/TA 0.25 > 3% & CFO 37.2b > Net Income -6.43b |
| Net Debt (27.4b) to EBITDA (16.6b): 1.65 < 3 |
| Current Ratio: 1.78 > 1.5 & < 3 |
| Outstanding Shares: last quarter (707.6m) vs 12m ago 0.0% < -2% |
| Gross Margin: 24.17% > 18% (prev 9.12%; Δ 15.05% > 0.5%) |
| Asset Turnover: 176.9% > 50% (prev 139.8%; Δ 37.18% > 0%) |
| Interest Coverage Ratio: -0.59 > 6 (EBIT TTM -3.00b / Interest Expense TTM 5.08b) |
| A: 0.18 (Total Current Assets 60.7b - Total Current Liabilities 34.1b) / Total Assets 150b |
| B: -0.13 (Retained Earnings -19.1b / Total Assets 150b) |
| C: -0.02 (EBIT TTM -3.00b / Avg Total Assets 144b) |
| D: 0.37 (Book Value of Equity 39.5b / Total Liabilities 105b) |
| Altman-Z'' = 1.00 = BB |
| DSRI: 1.51 (Receivables 11.4b/5.72b, Revenue 254b/193b) |
| GMI: 0.38 (GM 9.12% / 24.17%) |
| AQI: 0.99 (AQ_t 0.16 / AQ_t-1 0.16) |
| SGI: 1.32 (Revenue 254b / 193b) |
| TATA: -0.29 (NI -6.43b - CFO 37.2b) / TA 150b) |
| Beneish M = -2.98 (Cap -4..+1) = A |
As of August 22, 2026, the stock is trading at USD 12.58 with a total of 8,052,674 shares traded. Over the past week, the price has changed by +16.81%, over one month by +46.45%, over three months by +7.71% and over the past year by +57.44%.
Current recommended Stop Loss: 11.90 (which is 5.4% or 1.4 ATR below the current price).
Sibanye Gold has received a consensus analysts rating of 3.33. Therefore, it is recommended to hold SBSW.
- StrongBuy: 0
- Buy: 1
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 13.1 | 4.1% |
Market Cap ZAR = 125b (7.79b USD * 16.1089 USD.ZAR)
P/E Forward = 3.56
P/S = 0.0601
P/B = 3.1132
Revenue TTM = 254b ZAR
EBIT TTM = -3.00b ZAR
EBITDA TTM = 16.6b ZAR
Long Term Debt = 31.9b ZAR (from longTermDebt, last fiscal year)
Short Term Debt = 11.6b ZAR (from shortTermDebt, last quarter)
Debt = 44.6b ZAR (from shortLongTermDebtTotal, last quarter) + Leases 647.0m
Net Debt = 27.4b ZAR (calculated: Debt 44.6b - CCE 17.2b)
Enterprise Value = 153b ZAR (125b + Debt 44.6b - CCE 17.2b)
Interest Coverage Ratio = -0.59 (Ebit TTM -3.00b / Interest Expense TTM 5.08b)
EV/FCF = -35.98x (Enterprise Value 153b / FCF TTM -4.25b)
FCF Yield = -2.78% (FCF TTM -4.25b / Enterprise Value 153b)
FCF Margin = -1.67% (FCF TTM -4.25b / Revenue TTM 254b)
Net Margin = -2.53% (Net Income TTM -6.43b / Revenue TTM 254b)
Gross Margin = 24.17% ((Revenue TTM 254b - Cost of Revenue TTM 193b) / Revenue TTM)
Gross Margin QoQ = 25.50% (prev 25.50%)
Tobins Q-Ratio = 1.02 (Enterprise Value 153b / Total Assets 150b)
Interest Expense / Debt = 11.41% (Interest Expense 5.08b / Debt 44.6b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -2.37b (EBIT -3.00b * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 1.78 (Total Current Assets 60.7b / Total Current Liabilities 34.1b)
Debt / Equity = 1.13 (Debt 44.6b / totalStockholderEquity, last quarter 39.5b)
Debt / EBITDA = 1.65 (Net Debt 27.4b / EBITDA 16.6b)
Debt / FCF = -6.45 (negative FCF - burning cash) (Net Debt 27.4b / FCF TTM -4.25b)
Total Stockholder Equity = 40.8b (last 4 quarters mean from totalStockholderEquity)
RoA = -4.47% (Net Income -6.43b / Total Assets 150b)
RoE = -15.74% (Net Income TTM -6.43b / Total Stockholder Equity 40.8b)
RoCE = -4.13% (EBIT -3.00b / Capital Employed (Equity 40.8b + L.T.Debt 31.9b))
RoIC = -2.07% (negative operating profit) (NOPAT -2.37b / Invested Capital 114b)
WACC = 9.76% (E(125b)/V(170b) * Re(10.02%) + D(44.6b)/V(170b) * Rd(11.41%) * (1-Tc(0.21)))
Discount Rate = 10.02% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -17.41 | Cagr: -0.00%
[DCF] Fair Price = unknown (Cash Flow -4.25b)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 3.67 | # QB: 2
Revenue Correlation: 65.30 | Revenue CAGR: 10.53% | 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=47.87 | Chg30d=+2.07% | Revisions=-25% | GrowthEPS=+220.7% | GrowthRev=+27.6%
[Analyst] Revisions Ratio: -17% (up=1, down=2)