Anglo American Platinum (ANGPY) AI Stock Analysis

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Anglo American Platinum

(OTC:ANGPY)

Rating:73Outperform

Price Target:

$9.50

▲(23.38% Upside)

Anglo American Platinum's stock score is driven by strong technical analysis and operational efficiency. However, challenges such as high valuation and recent operational setbacks temper the overall outlook. Continued focus on strategic cost management and revenue growth will be crucial for future performance.

Anglo American Platinum (ANGPY) vs. SPDR S&P 500 ETF (SPY)

Market Cap

$12.85B

Dividend Yield7.49%

Average Volume (3M)593.27K

Price to Earnings (P/E)178.6

Beta (1Y)0.73

Revenue Growth-8.76%

EPS Growth-88.22%

CountryUS

Employees20,158

SectorBasic Materials

Sector Strength66

IndustryOther Precious Metals

Share Statistics

EPS (TTM)0.21

Shares Outstanding1,591,721,400

10 Day Avg. Volume702,081

30 Day Avg. Volume593,271

Financial Highlights & Ratios

PEG RatioN/A

Price to Book (P/B)N/A

Price to Sales (P/S)N/A

P/FCF RatioN/A

Enterprise Value/Market Cap0.93

Enterprise Value/Revenue0.11

Enterprise Value/Gross Profit0.65

Enterprise Value/Ebitda0.64

Forecast

1Y Price Target

$9.50

Price Target Upside23.38% Upside

Rating ConsensusModerate Buy

Number of Analyst Covering0

Anglo American Platinum Business Overview & Revenue Model

Company DescriptionAnglo American Platinum Limited engages in the production and supply of platinum group metals, base metals, and precious metals in South Africa, Asia, Europe, and internationally. It produces platinum, palladium, rhodium, ruthenium, iridium, and osmium, as well as gold, nickel, copper, cobalt sulphate, sodium sulphate, and chrome. The company was formerly known as Anglo Platinum Ltd. and changed its name to Anglo American Platinum Limited in May 2011. The company was incorporated in 1946 and is headquartered in Johannesburg, South Africa. Anglo American Platinum Limited is a subsidiary of Anglo American South Africa Investments Proprietary Limited.

How the Company Makes MoneyAnglo American Platinum generates revenue primarily through the sale of platinum group metals, which are essential for various industrial applications, including automotive catalytic converters, jewelry, and electronics. The company benefits from a diversified revenue model that includes the direct sale of PGMs as well as by-products from its mining operations. Key revenue streams include the extraction of platinum, palladium, and rhodium, which are sold on global commodities markets. Additionally, Anglo American Platinum has established significant partnerships with various automotive manufacturers and industrial clients, which provide a stable demand for its products. The company's financial performance is also influenced by global metal prices, mining efficiencies, and operational cost management, which are critical for maintaining profitability in a competitive market.

Anglo American Platinum Earnings Call Summary

Earnings Call Date:Jul 28, 2025

(Q2-2025)

% Change Since: |

Next Earnings Date:Feb 23, 2026

Earnings Call Sentiment Neutral

The earnings call reflected a mix of both positive developments and challenges. While the company reported significant progress in strategic objectives, cost savings, and price recovery, it faced operational challenges due to fatalities and flooding, impacting production and financial performance. The strong balance sheet and dividend declaration were positive aspects, but the decline in revenue and increased costs were notable concerns.

Q2-2025 Updates

Positive Updates

Safety Milestones Achieved

Achieved 13 years fatality-free at Mogalakwena and Mototolo mines, 9 years fatality-free at Amandelbult's Tumela mine, and more than 2.5 years lost time injury-free at the Polokwane smelter. Improved total recordable injury frequency rate by 12% to 1.46.

Successful Demerger and Strategic Progress

Completed the demerger from Anglo American Group, secondary listing on the London Stock Exchange, and established a new brand identity. Concluded the recomposition of the Board and transitioned majority of services internally.

Cost Savings and Operational Efficiency

Delivered ZAR 2.1 billion in cost savings in H1 2025 and on track to meet ZAR 4 billion full-year guidance. Operational excellence initiatives led to improved productivity and concentrator recoveries.

PGM Price Recovery

Realized market price increased by 5% in H1 2025, with prices up about 20% since July.

Strong Balance Sheet and Dividend

Maintained a strong balance sheet with approximately ZAR 5 billion of net debt and declared an interim dividend of ZAR 2 per share or ZAR 0.5 billion.

Sandsloot Underground Project Progress

Completed pre-feasibility study confirming key parameters with reef grade of 4 to 6 grams per tonne. Feasibility study targeted for completion in H1 2027.

Negative Updates

Fatalities at Operations

Experienced fatalities at Unki and Dishaba section of Amandelbult's mine in April and July respectively.

Flooding Impact at Amandelbult

Severe flooding in February led to significantly lower production in H1 2025. Tumela Lower, which accounts for about 50% of Amandelbult's production, faced delays.

Decline in Revenue and EBITDA

Revenue down 19% due to a 25% decline in PGM sales volumes. EBITDA was 46% lower at ZAR 6.6 billion, impacted by the flooding and demerger-related costs.

Increase in Cash Operating Costs

Cash operating unit cost guidance increased to between ZAR 19,000 and ZAR 19,500 per PGM ounce due to Amandelbult flooding.

Company Guidance

In the interim 2025 results call for Valterra Platinum, several key metrics were highlighted by the CEO, Craig Miller, and CFO, Sayurie Naidoo, reflecting the company's financial and operational performance. The company achieved revenue of ZAR 42 billion, despite a 25% decline in PGM sales volumes, with an EBITDA of ZAR 7 billion and a solid EBITDA margin of 22%. Valterra Platinum managed to deliver ZAR 2.1 billion in cost savings in H1 and is on track to meet its full-year guidance of ZAR 4 billion. The company declared an interim dividend of ZAR 2 per share, equivalent to a payout of 40% of headline earnings. Operationally, they produced just under 1.5 million ounces of PGMs in metal concentrate and approximately 1.4 million ounces in refined production. The company maintained a strong balance sheet, ending the period with approximately ZAR 5 billion in net debt. Despite challenges like the Amandelbult flooding, the company revised its full-year cash operating unit cost guidance to between ZAR 19,000 and ZAR 19,500 per PGM ounce. The pre-feasibility study for Sandsloot underground was completed, and the company reduced its 2025 capital expenditure guidance to between ZAR 17 billion and ZAR 17.5 billion.

Anglo American Platinum Financial Statement Overview

Summary

Anglo American Platinum shows strong operational efficiency and a robust balance sheet, though declining revenues and volatile cash flow present challenges. Maintaining a healthy equity base and low debt levels supports stability.

Income Statement

Positive

Anglo American Platinum's income statement reveals a challenging period with declining revenues over recent years. Gross profit margins have compressed, reflecting increased cost pressures. Net income has also fallen, impacting net profit margins negatively. However, the company maintains a strong EBITDA margin, indicating operational efficiency despite declining revenues.

Balance Sheet

Very Positive

The balance sheet is robust with a healthy equity base and low debt levels, as evidenced by a favorable debt-to-equity ratio. Stockholders' equity constitutes a significant portion of total assets, highlighting financial stability. However, the declining trend in total assets over recent years could be a concern if it continues.

Cash Flow

Positive

Cash flow analysis shows variability, with free cash flow turning negative in recent years but recovering recently. The company has strong operating cash flows, although capital expenditures have been high. The operating cash flow to net income ratio indicates solid cash conversion, but the volatility in free cash flow growth is a risk factor.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	108.99B	124.58B	164.09B	214.57B	137.79B
Gross Profit	18.22B	21.01B	70.51B	105.11B	39.72B
EBITDA	18.60B	24.87B	73.17B	112.59B	45.42B
Net Income	7.06B	13.04B	49.15B	78.98B	30.34B
Balance Sheet
Total Assets	170.94B	169.22B	176.91B	180.15B	144.38B
Cash, Cash Equivalents and Short-Term Investments	24.48B	24.68B	31.64B	56.77B	25.03B
Total Debt	8.66B	7.63B	458.00M	612.00M	843.00M
Total Liabilities	68.83B	69.18B	79.95B	77.80B	65.84B
Stockholders Equity	101.74B	99.61B	96.78B	102.21B	78.35B
Cash Flow
Free Cash Flow	7.86B	-4.34B	28.46B	82.86B	13.73B
Operating Cash Flow	26.83B	16.55B	45.36B	96.49B	23.20B
Investing Cash Flow	-17.61B	-16.30B	-10.96B	-9.84B	-5.58B
Financing Cash Flow	-8.33B	-7.75B	-57.52B	-57.81B	-14.95B

Anglo American Platinum Technical Analysis

Technical Analysis Sentiment

Negative

Last Price7.70

Price Trends

50DMA

7.88

Negative

100DMA

7.02

Positive

200DMA

6.16

Positive

Market Momentum

MACD

<0.01

Positive

RSI

44.15

Neutral

STOCH

25.70

Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ANGPY, the sentiment is Negative. The current price of 7.7 is below the 20-day moving average (MA) of 7.97, below the 50-day MA of 7.88, and above the 200-day MA of 6.16, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 44.15 is Neutral, neither overbought nor oversold. The STOCH value of 25.70 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ANGPY.

Anglo American Platinum Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CDE	79 Outperform	$7.91B	31.97	9.88%	―	68.88%	―
HMY	78 Outperform	$9.31B	16.17	25.19%	1.37%	20.35%	20.44%
ANGPY	73 Outperform	$12.85B	178.64	1.40%	7.49%	-8.76%	-88.22%
HL	70 Outperform	$5.36B	51.12	4.67%	0.31%	36.30%	―
Sector *	61 Neutral	$10.31B	6.29	0.76%	2.95%	3.36%	-36.41%
MP	60 Neutral	$12.37B	―	-9.57%	―	39.42%	-172.40%
SBSW	46 Neutral	$5.90B	―	-15.89%	―	-0.71%	80.26%

* Basic Materials Sector Average

Performance Comparison

ANGPY

Anglo American Platinum

7.70

2.02

35.56%

CDE

Coeur Mining

12.56

6.38

103.24%

HMY

Harmony Gold Mining

12.61

2.34

22.78%

Hecla Mining Company

8.07

2.13

35.86%

SBSW

Sibanye Stillwater

7.27

3.14

76.03%

MP Materials

73.50

60.60

469.77%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Jul 29, 2025