Sylvania Platinum (SLP) AI Stock Analysis

• Market Cap: £293.95M
• Dividend Yield: 2.58%
• Average Volume (3M): 1.31M
• Price to Earnings (P/E): 18.9
• Beta (1Y): 1.30
• Revenue Growth: 24.10%
• EPS Growth: 182.94%
• Country: UK
• Employees: 777
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Other Precious Metals
• EPS (TTM): 0.05
• Shares Outstanding: 260,135,900
• 10 Day Avg. Volume: 1,540,696
• 30 Day Avg. Volume: 1,305,125
• PEG Ratio: 0.07
• Price to Book (P/B): 1.03
• Price to Sales (P/S): 2.41
• P/FCF Ratio: -22.63
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £130.00
• Price Target Upside: 15.04% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 63 Neutral
• Price Target: 117.00p ▲(3.54% Upside)

The score is driven primarily by improving fundamentals and a strong, low-leverage balance sheet, tempered by negative free cash flow. Technically, the stock shows neutral-to-mixed momentum with near-term softness but longer-term trend support. Valuation is moderate with a modest dividend yield.

Positive Factors

Low leverage / strong balance sheet

A very low debt-to-equity ratio gives Sylvania durable financial flexibility through commodity cycles. This reduces bankruptcy risk, supports capital allocation for maintenance and growth, and enables funding of projects or dividends without reliance on volatile external debt markets.

Tailings-processing business model

A tailings-reprocessing model delivers structurally lower operating and capital intensity versus greenfield mining. That cost advantage supports sustainable margins, faster payback on projects, and competitive resilience if input costs rise or ore grades elsewhere decline.

Consistent revenue growth and margin improvement

Sustained revenue growth with improving gross and net margins indicates stronger operational execution and product pricing capture. Over months this underpins cash generation potential, supports reinvestment in plants, and demonstrates scalable economics in its PGM recovery operations.

Negative Factors

Negative free cash flow

Negative free cash flow signals that after capital spending the business is not yet generating surplus cash, limiting capacity to self-fund expansion, pay sustained dividends, or build reserves. It elevates reliance on external financing if pressures persist over quarters.

Margins still below historical highs

Improved margins are positive but remaining below prior peaks indicate incomplete operational recovery or lingering cost structure issues. If PGM pricing weakens or input costs rise, margin compression risk remains until structural cost or process gains are locked in.

Earnings exposed to PGM price volatility

Revenue and profitability are materially linked to platinum group metal prices. This structural commodity exposure causes earnings and cash generation volatility across cycles, complicating multi-quarter planning and potentially necessitating hedging or operational adjustments.

Sylvania Platinum Business Overview & Revenue Model

Company Description

Sylvania Platinum Limited primarily engages in the retreatment of platinum group metals (PGM) bearing chrome tailings materials in South Africa and Mauritius. The company produces PGMs, such as platinum, palladium, and rhodium. It holds interests in the Sylvania dump operations that comprise six chrome beneficiation and PGM processing plants, as well as open cast mining and Northern Limb projects. The company was incorporated in 2010 and is based in Hamilton, Bermuda.

How the Company Makes Money

Sylvania Platinum generates revenue primarily through the sale of platinum group metals extracted from its mining operations. The company operates a number of projects that involve the processing of tailings to recover PGMs, which allows for lower production costs compared to traditional mining methods. Key revenue streams include the direct sale of the metals to industrial consumers and traders in the commodities markets. Additionally, SLP may benefit from strategic partnerships with other mining companies or stakeholders in the industry, which can enhance its operational efficiency and market access. Fluctuations in PGM prices also significantly influence the company’s earnings, as these metals are subject to market demand and supply dynamics.

Sylvania Platinum Financial Statement Overview

Summary

Revenue growth is strong (17.78%) and profitability has improved versus last year, supported by a solid balance sheet with very low leverage. The key weakness is cash flow: free cash flow is negative despite positive operating cash flow, raising sustainability and liquidity risk.

Income Statement

Sylvania Platinum has shown a strong revenue growth rate of 17.78% in the latest period, indicating a positive trajectory. The gross profit margin and net profit margin have improved significantly compared to the previous year, reflecting enhanced profitability. However, the margins are still lower than historical highs, suggesting room for further improvement.

Balance Sheet

The company maintains a very low debt-to-equity ratio, indicating strong financial stability and low leverage risk. Return on equity has improved, showing efficient use of equity to generate profits. The equity ratio remains robust, highlighting a solid financial position.

Cash Flow

While operating cash flow remains positive and covers net income well, the free cash flow is negative, which could be a concern for liquidity. The free cash flow growth rate is positive, but the negative free cash flow to net income ratio suggests potential cash flow management issues.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	104.23M	104.23M	81.71M	130.20M	151.94M	206.11M
Gross Profit	25.64M	25.64M	12.68M	68.91M	90.12M	151.34M
EBITDA	28.05M	27.06M	11.53M	64.54M	83.12M	143.38M
Net Income	20.17M	20.17M	6.98M	45.35M	56.15M	99.81M
Balance Sheet
Total Assets	280.21M	280.21M	257.57M	269.76M	279.44M	273.58M
Cash, Cash Equivalents and Short-Term Investments	60.89M	60.89M	97.84M	124.16M	121.28M	106.14M
Total Debt	471.29K	471.29K	928.24K	711.56K	83.99K	283.61K
Total Liabilities	36.27M	36.27M	32.08M	30.39M	28.75M	29.63M
Stockholders Equity	243.94M	243.94M	265.60M	279.14M	290.47M	283.79M
Cash Flow
Free Cash Flow	-11.08M	-11.08M	-1.11M	48.50M	53.21M	60.72M
Operating Cash Flow	19.90M	19.90M	14.70M	62.99M	69.61M	68.24M
Investing Cash Flow	-49.57M	-49.57M	-15.69M	-15.57M	-17.17M	-7.59M
Financing Cash Flow	-7.41M	-7.41M	-25.99M	-40.78M	-32.75M	-21.96M

Sylvania Platinum Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 113.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SLP, the sentiment is Neutral. The current price of 113 is below the 20-day moving average (MA) of 114.72, above the 50-day MA of 103.78, and above the 200-day MA of 79.76, indicating a neutral trend. The MACD of 1.59 indicates Positive momentum. The RSI at 43.84 is Neutral, neither overbought nor oversold. The STOCH value of 38.38 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:SLP.

Sylvania Platinum Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FRES	73 Outperform	$27.83B	79.06	11.97%	2.05%	34.84%	78.48%
SLP	63 Neutral	£293.95M	18.93	7.47%	2.58%	24.10%	182.94%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
GMET	56 Neutral	£305.40M	-106.51	-18.58%	―	―	―
EEE	50 Neutral	£272.27M	-52.86	-43.48%	―	―	―
EUA	41 Neutral	£118.06M	-78.00	-6.61%	―	220.69%	-400.00%

Sylvania Platinum Corporate Events

Sylvania Platinum Lifts Guidance After Record PGM Output and Strong Quarter

Sylvania Platinum reported another record quarter for the three months to 31 December 2025, maintaining all-time high PGM production of 24,642 4E ounces and slightly surpassing the previous quarter’s output. The commissioning of a centralised PGM Filtration Plant was completed and is now fully operational, improving the consistency and quality of concentrate deliveries to smelters, while the Thaba Joint Venture dispatched its first chrome and PGM concentrate products, despite a slower-than-anticipated ramp-up. Stronger PGM prices and initial chrome sales lifted net revenue by 21% quarter-on-quarter to $54.8 million and boosted adjusted Group EBITDA by 35% to $29.8 million, even as unit costs and all-in sustaining costs rose. The group highlighted a robust safety performance, with all operations LTI-free and the Mooinooi plant marking a year without injuries, paid a final FY2025 dividend of 2 pence per share, and raised FY2026 PGM production guidance to 90,000–93,000 4E ounces, while trimming its chrome concentrate target to reflect Thaba’s ramp-up path, underlining confidence that the JV will become a significant future revenue contributor.

The most recent analyst rating on (GB:SLP) stock is a Buy with a £128.00 price target. To see the full list of analyst forecasts on Sylvania Platinum stock, see the GB:SLP Stock Forecast page.

Sylvania Platinum Declares Dividend and Confirms Auditor Appointment at AGM

Sylvania Platinum Limited announced the results of its Annual General Meeting, confirming a final annual dividend of 2.0 pence per Ordinary Share, payable on December 5, 2025. The company also reaffirmed the appointment of PriceWaterhouseCoopers Inc as auditors until the 2026 AGM. These developments underscore Sylvania’s ongoing commitment to shareholder returns and stable governance, potentially strengthening its position in the PGM and chrome industry.

The most recent analyst rating on (GB:SLP) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Sylvania Platinum stock, see the GB:SLP Stock Forecast page.

Sylvania Platinum Declares Dividend and Reappoints Auditors at AGM

Sylvania Platinum announced the results of its Annual General Meeting, confirming the declaration of a final annual dividend of 2.0 pence per Ordinary Share, payable on December 5, 2025. The company also confirmed the reappointment of PriceWaterhouseCoopers Inc as auditors until the 2026 AGM. These developments reflect Sylvania’s stable financial strategy and commitment to maintaining shareholder value, potentially strengthening its position in the PGM and chrome industry.

The most recent analyst rating on (GB:SLP) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Sylvania Platinum stock, see the GB:SLP Stock Forecast page.

Sylvania Platinum’s 2025 ESG Report Highlights Safety and Sustainability Achievements

Sylvania Platinum Limited has released its ESG Report for the year ending June 2025, highlighting significant achievements in safety, community engagement, and environmental sustainability. The company reported its best safety performance to date, substantial financial contributions to community suppliers, and advancements in diversity and inclusion. Additionally, Sylvania has improved its environmental impact monitoring by enhancing water utilization measurement and introducing Scope 3 emissions reporting, aligning with global ESG standards.

The most recent analyst rating on (GB:SLP) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Sylvania Platinum stock, see the GB:SLP Stock Forecast page.

Sylvania Platinum Announces 2025 AGM and Dividend Details

Sylvania Platinum Limited announced that its Annual General Meeting is scheduled for 28 November 2025 in Bermuda, where a dividend of 2.0 pence per ordinary share will be presented to shareholders. This meeting is a significant event for stakeholders as it outlines the company’s financial performance and strategic direction, potentially impacting its market positioning and investor relations.

The most recent analyst rating on (GB:SLP) stock is a Buy with a £109.00 price target. To see the full list of analyst forecasts on Sylvania Platinum stock, see the GB:SLP Stock Forecast page.