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Sasol
(NYSE:SSL)
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Rating:63Neutral
Price Target:
$19.00
▲(60.74% Upside)
Action:Reiterated
Date:09/15/26
SSL scores in the mid-range primarily due to improving financial performance (earnings recovery and better leverage) but with ongoing cyclicality and weaker cash conversion. Technicals are supportive but look overextended (high RSI/Stoch). Valuation appears reasonable on P/E, and the earnings call adds a modest positive tilt from execution and deleveraging progress, tempered by cautious FY27 chemicals guidance and market/credit risks.
Positive Factors
Operational earnings growth
Strong EBITDA and volume growth indicate that improved operations, higher sales and better fuel differentials are translating into stronger profitability. The combination of execution and operating leverage can support earnings resilience and reinvestment capacity over the next several quarters.
Negative Factors
Structural chemical oversupply
Persistent oversupply and subdued demand can keep prices and margins under pressure even when operating execution improves. This structural market imbalance limits the earnings contribution from International Chemicals and makes a rapid, broad-based recovery less dependable.
Read all positive and negative factors
Positive Factors
Negative Factors
Operational earnings growth
Strong EBITDA and volume growth indicate that improved operations, higher sales and better fuel differentials are translating into stronger profitability. The combination of execution and operating leverage can support earnings resilience and reinvestment capacity over the next several quarters.
Read all positive factors
Sasol (SSL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.57B
Dividend Yield8.55%
Average Volume (3M)1.77M
Price to Earnings (P/E)16.0
Beta (1Y)0.11
Revenue Growth17.90%
EPS Growth95.98%
CountryUS
Employees27,107
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)19.19
Shares Outstanding647,761,660
10 Day Avg. Volume1,627,693
30 Day Avg. Volume1,772,974
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.64
Price to Sales (P/S)0.39
P/FCF Ratio8.75
Enterprise Value/Market Cap0.92
Enterprise Value/Revenue0.04
Enterprise Value/Gross Profit0.13
Enterprise Value/Ebitda0.15
Forecast
1Y Price Target
$19.07Price Target Upside61.30% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)3.12
Revenue Forecast (FY)$17.59B
Sasol Business Overview & Revenue Model
Company Description
Based in Johannesburg, South Africa, Sasol Limited functions as an integrated chemical and energy enterprise with a global footprint, organized into six primary segments: Mining, Gas, Fuels, and its Chemicals operations spanning Africa, America, a...
Sasol Earnings Call Summary
Earnings Call Date:Sep 01, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Mar 01, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Management highlighted delivery against FY26 targets, 17% adjusted EBITDA growth, improved operational reliability, a 5-year high in Secunda production, lower breakeven, continued International Chemicals progress, renewable-energy deployment and substantial deleveraging. These positives outweighed the reported fatalities, challenging chemical-market conditions, working-capital pressure, lower International Chemicals FY27 guidance, operational constraints and ongoing credit-rating and project uncertainties.Positive Updates
FY26 Targets Delivered or Exceeded
Management stated that Sasol delivered or exceeded its key FY26 targets, including improved coal quality, Secunda production above target, a Southern African oil breakeven reduced to $49 per barrel, and a balance sheet stronger than targeted.
Negative Updates
Two Employee Fatalities
Sasol reported the loss of 2 colleagues during FY26. Management described the fatalities as unacceptable and deeply regrettable and said targeted action plans were implemented to strengthen leadership accountability, risk identification and safety ownership.
Read all updates
Q4-2026 Updates
Positive
Negative
FY26 Targets Delivered or Exceeded
Management stated that Sasol delivered or exceeded its key FY26 targets, including improved coal quality, Secunda production above target, a Southern African oil breakeven reduced to $49 per barrel, and a balance sheet stronger than targeted.
Read all positive updates
Company Guidance
For FY '27, International Chemicals guidance is $450 million to $600 million, coal purchases are planned at between 5 million to 7 million tonnes, internal coal supply guidance is between 30 million and 32 million tonnes, and capital guidance is ZAR 23 billion to ZAR 26 billion. Sasol is targeting more than 7.4 million tonnes at Secunda, with sinks below 12%, and remains committed to supplying 34 million tonnes from internal collieries by FY '28. The company’s objective is to sustainably reduce net debt below USD 3 billion between FY '27 and FY '28, with net debt of sustainably below USD 3 billion remaining the threshold for the resumption of dividends; once achieved, it plans to distribute 30% of free cash flow as dividends. International Chemicals continues to target a 15% to 20% reduction in cash fixed costs by fiscal year '28, while renewable energy remains on track for 2 gigawatts by financial year '30.Sasol Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
62
Positive
Cash Flow
56
Neutral
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 266.46B | 249.10B | 275.11B | 289.70B | 272.75B |
| Gross Profit | 82.04B | 105.95B | 121.71B | 122.32B | 135.43B |
| EBITDA | 69.09B | 35.62B | 60.31B | 67.79B | 39.71B |
| Net Income | 11.90B | 6.77B | -44.27B | 8.80B | 38.96B |
Balance Sheet | |||||
| Total Assets | 360.92B | 359.56B | 364.98B | 433.84B | 419.55B |
| Cash, Cash Equivalents and Short-Term Investments | 49.12B | 46.66B | 47.56B | 53.93B | 43.14B |
| Total Debt | 110.20B | 120.67B | 135.16B | 138.69B | 119.36B |
| Total Liabilities | 192.24B | 201.94B | 217.55B | 232.31B | 226.35B |
| Stockholders Equity | 161.76B | 152.43B | 143.00B | 196.90B | 188.62B |
Cash Flow | |||||
| Free Cash Flow | 11.76B | 12.89B | 7.31B | 18.45B | 17.16B |
| Operating Cash Flow | 32.31B | 38.31B | 37.38B | 49.18B | 40.30B |
| Investing Cash Flow | -21.24B | -25.89B | -30.66B | -28.23B | -15.08B |
| Financing Cash Flow | -7.64B | -16.61B | -14.60B | -12.57B | -15.00B |
Sasol Technical Analysis
Positive
11.82
Price Trends
13.91
Positive
12.61
Positive
11.63
Positive
Market Momentum
0.92
Negative
80.05
Negative
95.14
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSL, the sentiment is Positive. The current price of 11.82 is below the 20-day moving average (MA) of 15.22, below the 50-day MA of 13.91, and above the 200-day MA of 11.63, indicating a bullish trend. The MACD of 0.92 indicates Negative momentum. The RSI at 80.05 is Negative, neither overbought nor oversold. The STOCH value of 95.14 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSL.
Sasol Risk Analysis
Sasol disclosed 41 risk factors in its most recent earnings report. Sasol reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Sasol Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $11.57B | 15.97 | 7.73% | 8.55% | 17.90% | 95.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | $23.56B | -25.88 | -4.50% | 4.29% | 4.16% | 20.86% | |
57 Neutral | $18.44B | 296.85 | 0.34% | 1.76% | -34.44% | ― | |
56 Neutral | $5.24B | -4.47 | -28.81% | 0.25% | -2.28% | 27.94% | |
49 Neutral | $1.54B | -8.85 | -6.28% | 3.98% | 0.65% | 45.36% | |
42 Neutral | $666.73M | -0.60 | 46.16% | 18.42% | -1.40% | 2.39% |
* Basic Materials Sector Average
SSL
Sasol
18.03
11.62
181.28%
CE
Celanese
47.71
3.98
9.09%
BAK
Braskem SA
1.70
-1.02
-37.50%
HUN
Huntsman
8.80
-0.21
-2.36%
DD
DuPont de Nemours
136.55
36.21
36.08%
DOW
Dow Inc
32.61
8.09
33.00%
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.