Sibanye Stillwater (SBSW) AI Stock Analysis

• Market Cap: $9.24B
• Dividend Yield: N/A
• Average Volume (3M): 6.74M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.01
• Revenue Growth: 6.27%
• EPS Growth: 93.14%
• Country: US
• Employees: 57,857
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.43
• Shares Outstanding: 707,641,850
• 10 Day Avg. Volume: 5,385,531
• 30 Day Avg. Volume: 6,740,738
• PEG Ratio: 0.07
• Price to Book (P/B): 1.00
• Price to Sales (P/S): 0.39
• P/FCF Ratio: -3.91
• Enterprise Value/Market Cap: 0.71
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.26
• Enterprise Value/Ebitda: -14.42
• 1Y Price Target: $10.25
• Price Target Upside: -23.11% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 0.92
• Revenue Forecast (FY): $6.82B

• Rating: 58 Neutral
• Price Target: $14.00 ▲(5.03% Upside)

Sibanye Stillwater's overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability, and a negative P/E ratio. However, strong technical indicators provide a positive outlook, suggesting potential short-term gains. The absence of a dividend yield and the mixed sentiment from the earnings call further influence the score.

Positive Factors

EBITDA Growth

The significant increase in EBITDA reflects strong operational performance and improved market conditions, enhancing long-term financial stability.

Renewable Energy Initiatives

Operational renewable energy projects reduce costs and carbon footprint, aligning with sustainable practices and regulatory trends.

Strategic Transition

A smooth leadership transition ensures strategic continuity and stability, crucial for long-term planning and execution.

Negative Factors

Rising Leverage

Growing leverage can strain financial flexibility, impacting the company's ability to invest in growth and manage economic downturns.

Gold Operations Challenges

Operational issues in gold mining can lead to reduced output and increased costs, affecting profitability and market competitiveness.

Negative Free Cash Flow

Negative free cash flow suggests potential liquidity issues, limiting the company's ability to fund operations and growth initiatives.

Sibanye Stillwater Business Overview & Revenue Model

Company Description

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company is also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.

How the Company Makes Money

Sibanye Stillwater generates revenue through the sale of precious metals, primarily gold, platinum, palladium, and rhodium. The company operates various mining and processing facilities, enabling it to extract and refine these metals for sale in the global market. Key revenue streams include the direct sale of mined metals, as well as revenue from recycling operations, particularly in the automotive sector where precious metals are used in catalytic converters. Additionally, Sibanye Stillwater has established strategic partnerships and joint ventures that enhance its operational efficiency and market reach. The company's profitability is influenced by the global prices of precious metals, which can fluctuate based on demand, economic conditions, and geopolitical factors.

Sibanye Stillwater Financial Statement Overview

Summary

Sibanye Stillwater's financial performance is challenged by declining revenue and profitability, as indicated by a negative net profit margin and volatile net income. The balance sheet shows a solid equity base but rising leverage, while cash flow analysis highlights potential liquidity issues due to negative free cash flow.

Income Statement

Sibanye Stillwater's income statement reveals a volatile financial performance. The company experienced a decline in total revenue from 2020 to 2024, with significant swings in net income, moving from substantial profits to losses. The net profit margin has been negative over the last two years, indicating profitability challenges. Despite a high EBIT margin in earlier years, recent EBIT figures show weakening performance. Overall, the company's revenue growth and profitability are under pressure.

Balance Sheet

The balance sheet of Sibanye Stillwater reflects a strong equity position, with stockholders' equity maintaining a substantial proportion of total assets, indicating a solid equity ratio. However, the increase in total debt over the years has led to a higher debt-to-equity ratio, indicating growing leverage. The return on equity has been negatively impacted by recent losses, although it was strong in earlier years. Overall, the balance sheet presents a stable equity base but rising leverage.

Cash Flow

Cash flow analysis shows fluctuating free cash flow, with recent negative figures indicating challenges in generating excess cash. Operating cash flow has been positive, but the free cash flow to net income ratio has been adversely affected by net losses. The operating cash flow to net income ratio demonstrated better stability in earlier periods. The cash flow trajectory indicates potential liquidity constraints if negative trends persist.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	111.69B	112.13B	113.68B	138.29B	172.19B	127.39B
Gross Profit	25.08B	6.30B	12.78B	34.83B	60.17B	42.26B
EBITDA	-455.00M	164.00M	-27.52B	37.13B	57.61B	45.42B
Net Income	-3.42B	-7.30B	-37.77B	18.40B	33.05B	29.31B
Balance Sheet
Total Assets	144.70B	137.99B	142.94B	166.63B	152.99B	134.10B
Cash, Cash Equivalents and Short-Term Investments	21.01B	16.05B	25.56B	26.08B	30.29B	20.24B
Total Debt	42.86B	42.06B	41.01B	23.05B	20.58B	18.71B
Total Liabilities	100.35B	89.70B	91.33B	75.63B	71.65B	63.39B
Stockholders Equity	40.37B	43.98B	48.73B	91.00B	79.39B	67.94B
Cash Flow
Free Cash Flow	-439.00M	-11.28B	-15.32B	-356.00M	19.52B	17.53B
Operating Cash Flow	19.52B	10.29B	7.09B	15.54B	32.26B	27.15B
Investing Cash Flow	-19.32B	-24.34B	-22.04B	-17.37B	-14.57B	-9.94B
Financing Cash Flow	5.69B	4.56B	12.98B	-3.50B	-8.34B	-2.24B

Sibanye Stillwater Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 13.33
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBSW, the sentiment is Positive. The current price of 13.33 is above the 20-day moving average (MA) of 11.23, above the 50-day MA of 11.16, and above the 200-day MA of 7.48, indicating a bullish trend. The MACD of 0.43 indicates Negative momentum. The RSI at 68.43 is Neutral, neither overbought nor oversold. The STOCH value of 91.83 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBSW.

Sibanye Stillwater Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DRD	79 Outperform	$2.55B	21.08	28.10%	1.30%	30.05%	73.40%
GFI	79 Outperform	$37.60B	20.36	35.09%	1.81%	49.62%	195.39%
HMY	77 Outperform	$11.04B	13.94	32.05%	0.97%	29.08%	72.12%
HL	75 Outperform	$11.27B	55.40	8.88%	0.09%	45.61%	―
AU	73 Outperform	$43.25B	36.71	―	2.95%	26.43%	―
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SBSW	58 Neutral	$9.24B	―	-8.31%	―	6.27%	93.14%

Sibanye Stillwater Corporate Events

Sibanye Stillwater Reports Strong Q3 2025 Performance

Sibanye Stillwater Limited reported a robust operating performance for the quarter ended 30 September 2025, with a notable year-on-year increase in adjusted EBITDA by 198% to R9.9 billion (US$560 million). The company’s South African PGM operations saw a 213% rise in adjusted EBITDA, while the US PGM operations also showed significant improvement post-restructuring. The company’s decarbonization strategy is progressing, with two renewable energy projects achieving commercial operation in 2025, resulting in energy savings and reduced carbon emissions.

Sibanye Stillwater Releases Market Update

Sibanye Stillwater Limited, a prominent player in the mining industry, has released a market announcement dated November 10, 2025. The announcement was signed by Charl Keyter, the Chief Financial Officer, and is part of the company’s ongoing compliance with the Securities Exchange Act of 1934. This release is expected to provide stakeholders with insights into the company’s current market positioning and operational updates.

Sibanye Stillwater Files Form 6-K with SEC

On October 21, 2025, Sibanye Stillwater Limited, a company with its principal executive offices in South Africa, filed a Form 6-K report with the United States Securities and Exchange Commission. The report, signed by Chief Financial Officer Charl Keyter, indicates compliance with the requirements of the Securities Exchange Act of 1934. This filing is part of the company’s ongoing regulatory obligations and may impact its transparency and accountability to stakeholders.

Sibanye Stillwater Reports Latest Developments in SEC Filing

On October 10, 2025, Sibanye Stillwater Limited, a prominent player in the mining industry, reported its latest developments through a Form 6-K filing with the U.S. Securities and Exchange Commission. The filing, signed by Chief Financial Officer Charl Keyter, indicates the company’s ongoing compliance with international financial reporting standards.

Sibanye Stillwater Files Form 6-K with SEC

Sibanye Stillwater Limited, a prominent player in the mining industry, has filed a Form 6-K report with the United States Securities and Exchange Commission as of October 1, 2025. This filing, signed by Chief Financial Officer Charl Keyter, indicates the company’s ongoing compliance with international financial reporting obligations, reflecting its commitment to transparency and regulatory adherence.

Sibanye Stillwater Files Form 6-K with SEC

Sibanye Stillwater Limited, a prominent player in the mining industry, has recently filed a Form 6-K with the United States Securities and Exchange Commission as of October 1, 2025. This filing, signed by Chief Financial Officer Charl Keyter, indicates compliance with the Securities Exchange Act of 1934, reflecting the company’s ongoing commitment to regulatory requirements and transparency in its operations.

Sibanye Stillwater Releases Financial Report for September 2025

On September 18, 2025, Sibanye Stillwater Limited released a report under the Securities Exchange Act of 1934, signed by Chief Financial Officer Charl Keyter. This announcement is part of the company’s ongoing compliance with regulatory requirements and reflects its commitment to transparency and accountability in its financial reporting. The release may impact stakeholders by providing insights into the company’s financial health and operational strategies.

Sibanye Stillwater Files Form 6-K for Regulatory Compliance

On September 9, 2025, Sibanye Stillwater Limited filed a Form 6-K with the United States Securities and Exchange Commission, as required under the Securities Exchange Act of 1934. This filing, signed by Chief Financial Officer Charl Keyter, is part of the company’s compliance with financial reporting obligations. The announcement underscores Sibanye Stillwater’s commitment to transparency and regulatory adherence, which is crucial for maintaining investor confidence and supporting its market position in the competitive mining industry.