Sibanye Stillwater Ltd. ADR (SBSW) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q3 22	—	$0.4	—	—	—	—
Q2 22	$0.32	$1.04	+225.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$7.32	—	—	$129.7B	—
FY24	—	-$10.3	—	—	$112.1B	—
FY23	—	-$53.4	—	—	$113.7B	—
FY22	—	$26	—	—	$8B	—
FY21	—	$45.6	—	—	$33.8B	—
FY20	—	$43	—	—	$127.4B	—
FY19	—	$0.08	—	—	$19.4B	—
FY18	—	-$4.4	—	—	$13.5B	—
FY17	—	-$8.81

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$8.3B	$12.2B	$13.5B	$19.4B	$127.4B	$33.8B	$8B	$113.7B	$112.1B	$129.7B
YoY change	+37.5%	+47%	+10.3%	+44%	+555.2%	-73.5%	-76.5%	+1.3K%	-1.37%	+15.6%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	8.3B	12.2B	13.5B	19.4B	127.4B	33.8B	8B	113.7B	112.1B	129.7B
Cost of revenue	6.7B	11.4B	12.9B	17B	85.3B	22B	6B	100.9B	105.8B	99B
Gross profit	1.6B	888M	589.2M	2.4B	42.1B	11.7B	2B	12.8B	6.3B	30.7B
Gross margin	19%	7.25%	4.36%	12.5%	33%	34.8%	25%	11.2%	5.62%	23.7%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	132.3M	356.9M	83.9M	99.4M	1.1B	218.4M	25.1M	217M	379M	2.5B
Operating expenses	256M	452.1M	298.8M	522M	2.3B	479.9M	56.8M	3B	1B	3.9B
Operating income	1.3B	435.8M	290.5M	1.9B	39.8B	11.3B	1.9B	8.4B	3.7B	25.1B
Operating margin	15.9%	3.56%	2.15%	9.77%	31.2%	33.3%	23.7%	7.41%	3.29%	19.3%
Non-operating income, net	-116.7M	-1.8B	-72.7M	-1.7B	-2.9B	-1.8B	-223.9M	-47.1B	-5.6B	-23B
Pretax income	1.1B	-2B	-383.1M	-346.6M	35.5B	9.3B	1.6B	-39.8B	-4.2B	-411M
Income tax	320.5M	-785.6M	288.9M	-462M	4.9B	2.7B	513.2M	-2.4B	1.5B	4.3B
Net income	811.2M	-1.2B	-672M	115.4M	30.6B	6.6B	1.1B	-37.4B	-5.7B	-4.7B
Net margin	9.74%	-9.66%	-4.98%	0.59%	24%	19.6%	13.7%	-32.9%	-5.09%	-3.65%
EBITDA	2.4B	2B	2.2B	4B	49.7B	13.4B	2.4B	17.4B	12.3B	34.8B
EPS	9	-8.81	-4.4	0.08	43	45.6	26	-53.4	-10.3	-7.32
Diluted EPS	9	-8.81	-4.4	0.08	42.2	45.2	26	-53.4	-10.3	-7.32

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	258M	549.8M	679.6M	1.5B	20.2B	5.9B	1.5B	25.6B	16B	17.2B
Receivables	1.3B	1.5B	1.6B	951.8M	5.7B	1.1B	335.2M	6.7B	3.7B	4.8B
Inventory	180.4M	940.2M	1.4B	4.1B	25B	4.9B	1.5B	26.4B	25.5B	31.5B
Total current assets	2.1B	3.2B	4.1B	7B	52.2B	12.7B	3.5B	61.8B	48.4B	60.8B
Property, plant & equipment	7.3B	13.7B	14.5B	15.4B	60.9B	12.3B	4.4B	61.9B	-128.4B	-139.5B
Goodwill & intangibles	499.1M	3.4B	3.7B	3.7B	14.3B	3B	957.2M	1B	4.3B	3.9B
Total assets	11.1B	20.3B	22.6B	26.9B	134.1B	30B	9.6B	142.9B	138.1B	149.7B
Accounts payable	298.9M	460.7M	586.5M	855.3M	4.3B	720M	238.5M	4.3B	4B	3.4B
Short-term debt	200.6M	441.9M	1.6B	39.5M	989M	41.4M	13.4M	15.7B	727M	11.6B
Total current liabilities	1.7B	2.2B	3.9B	3.8B	17.5B	4B	1.2B	36.4B	21B	34.2B
Long-term debt	2.2B	6.4B	4.9B	6.4B	17.7B	4B	1.3B	25.3B	41.3B	32.3B
Total liabilities	6.7B	13.9B	16B	18.6B	63.4B	14.1B	4.3B	91.3B	89.8B	105.6B
Shareholders' equity	4.4B	6.4B	6.6B	8.3B	70.7B	16B	5.2B	51.6B	48.3B	44.2B
Total debt	2.4B	6.8B	6.5B	6.4B	18.7B	4B	1.3B	41B	42.1B	43.9B
Net debt	2.1B	6.3B	5.9B	4.9B	-1.5B	-1.9B	-174.2M	15.4B	26B	26.7B

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	2.7B	—	—	—	—	34.1B	—	—	2.3B	10.1B	10.1B
Enterprise value	4.8B	—	—	—	—	32.2B	—	—	28.4B	36.8B	36.8B
Shares outstanding	386.2M	502.8M	566M	626.9M	2.6B	2.7B	40.6M	707.6M	707.6M	707.6M	707.6M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	3.29	—	—	—	—	5.14	—	—	—	—	—
P/S	0.32	—	—	—	—	1.01	—	—	0.02	0.08	0.08
P/B	0.61	—	—	—	—	2.13	—	—	0.05	0.23	0.23
EV/EBITDA	1.97	—	—	—	—	2.4	—	—	2.31	1.06	1.06
EV/Sales	0.58	—	—	—	—	0.95	—	—	0.25	0.28	0.28
Earnings yield	30.3%	—	—	—	—	19.5%	—	—	—	—	—
FCF yield	2.54%	—	—	—	—	11.2%	—	—	-490.6%	10.9%	10.9%

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	19%	7.25%	4.36%	12.5%	33%	34.8%	25%	11.2%	5.62%	23.7%	23.7%
Operating margin	15.9%	3.56%	2.15%	9.77%	31.2%	33.3%	23.7%	7.41%	3.29%	19.3%	19.3%
Net margin	9.74%	-9.66%	-4.98%	0.59%	24%	19.6%	13.7%	-32.9%	-5.09%	-3.65%	-3.65%
ROE	18.5%	-18.5%	-10.2%	1.39%	43.3%	41.5%	20.9%	-72.5%	-11.8%	-10.7%	-10.7%
ROA	7.29%	-5.83%	-2.97%	0.43%	22.8%	22.1%	11.4%	-26.2%	-4.14%	-3.16%	-3.16%
ROIC	14.5%	3.44%	2.33%	14.3%	49.7%	56.9%	25.4%	12.6%	4.96%	35.3%	35.3%
Return on tangible assets	7.64%	-7.01%	-3.54%	0.5%	25.6%	24.6%	12.7%	-26.4%	-4.27%	-3.25%	-3.25%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.23	1.42	1.04	1.83	2.99	3.16	3.01	1.7	2.31	1.78	1.78
Quick ratio	1.12	1	0.68	0.74	1.56	1.94	1.7	0.97	1.09	0.86	0.86
Debt / equity	0.54	1.07	0.99	0.77	0.26	0.25	0.25	0.79	0.87	0.99	0.99
Debt / assets	0.22	0.34	0.29	0.24	0.14	0.13	0.14	0.29	0.3	0.29	0.29
Net debt / EBITDA	0.88	3.22	2.67	1.22	-0.03	-0.14	-0.07	0.89	2.12	0.77	0.77
Interest coverage	8.16	-1.91	0.44	0.48	16.1	28	14.1	-16.2	-0.29	0.89	0.89
Effective tax rate	28.3%	0%	0%	0%	13.7%	28.9%	32%	0%	0%	0%	0%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.6	24.3	23.9	31	49.8	12.4	195.7	160.7	158.5	183.3	183.3
EPS (basic)	9	-8.81	-4.4	0.08	43	45.6	26	-53.4	-10.3	-7.32	-7.32
EPS (diluted)	9	-8.81	-4.4	0.08	42.2	45.2	26	-53.4	-10.3	-7.32	-7.32
Book value per share	11.4	12.7	11.6	13.2	27.7	5.88	128.8	72.9	68.2	62.4	62.4
FCF per share	0.18	-1.78	2.41	0.75	6.86	1.41	-0.5	-21.6	-16.2	1.55	1.55
Cash per share	0.67	1.09	1.2	2.39	7.92	2.19	36.9	36.1	22.7	24.3	24.3
Capex per share	2.8	3.2	3.3	3.23	3.72	0.91	22.2	—	—	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	13%	13.1%	13.8%	10.4%	7.47%	7.35%	11.4%	—	—	—	—
Capex / operating cash flow	94.2%	-180.2%	52.6%	118.9%	30.3%	23.3%	50%	—	—	—	—

Yield

—

trailing twelve months

Frequency

Semi-annual

Last dividend

$0.499

ex-dividend Sep 18, 2026

Payout ratio

—

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 18, 2026	$0.499
Mar 20, 2026	$0.328
Sep 21, 2023	$0.1112
Mar 23, 2023	$0.2675
Sep 15, 2022	$0.3248
Mar 24, 2022	$0.5089
Sep 16, 2021	$0.7872
Mar 18, 2021	$0.8615

Split history

Date	Ratio
Apr 12, 2018

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	1.4B	-1.2B	380.8M	503.1M	39.3B	10.1B	1.8B	-36.9B	-435M	4.2B
Depreciation & amortization	1.1B	301.2M	1.8B	1.9B	7.6B	1.6B	407.6M	10B	8.8B	9.4B
Stock-based compensation	132.3M	12.3M	79.8M	96.8M	512M	75.1M	12.5M	113M	251M	2.1B
Change in working capital	-63.3M	-139.2M	-285.3M	-502.6M	-11.2B	171.5M	41.5M	2.8B	3.9B	-7.1B
Operating cash flow	1.1B	-891.6M	3.5B	1.7B	31.4B	10.6B	1.8B	7.1B	10.1B	21.4B
Capital expenditure	-1.1B	-1.6B	-1.9B	-2B	-9.5B	-2.5B	-903.4M	—	—	—
Investing cash flow	-2.5B	-7.5B	-2.1B	-1.3B	-10.2B	-3.1B	-1B	-244M	-3.3B	-2B
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	0	—	0	0	-84M	-1.7B	0	0	—	—
Financing cash flow	1.5B	7.1B	-1.1B	-391.9M	-2.2B	-1.6B	-201.1M	13B	4.7B	2.8B
Net change in cash	81M	-1.2B	353.8M	-10.3M	18.9B	6B	573.1M	19.8B	11.5B	22.2B
Free cash flow	67.8M	-895.3M	1.4B	468.4M	17.5B	3.8B	-20.5M	-15.3B	-11.5B	1.1B

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Cash generation and uses

Condensed cash flow statement

Sibanye Stillwater Ltd. ADR Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Revenue and profits

Condensed income statement

Assets vs. liabilities & equity

Condensed balance sheet

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Split history

Cash generation and uses

Condensed cash flow statement