South32 (32ZA) Stock Price & Analysis
32ZA Stock Chart & Stats
- Day’s Range
- EUR 13.30 - EUR 13.30
- 52-Week Range
- EUR 8.50 - EUR 15.90
- Previous Close
- EUR 13.50
- Volume
- 0
- Average Volume (3M)
- 38
- Market Cap
- EUR 12.22B
- Enterprise Value
- EUR 11.90B
- Total Cash (Recent Filing)
- EUR 2.13B
- Total Debt (Recent Filing)
- EUR 1.85B
- Price to Earnings (P/E)
- 12.7
- Beta
- 1.10
- Next Earnings
- Feb 18, 2027 (Est.)
- EPS Estimate
- 0.52
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 2.91%
Bulls Say, Bears Say
Bulls Say
Earnings Growth
The sharp improvement in EBITDA and underlying earnings demonstrates stronger operating performance and earnings power. If sustained through the next reporting periods, this recovery can support investment in growth projects, shareholder returns, and a stronger competitive position.
Balance Sheet
Conservative leverage gives South32 financial flexibility across commodity cycles and reduces dependence on refinancing or asset sales during weaker markets. The sizable equity base relative to debt also supports continued investment while preserving resilience against earnings volatility.
Base Metals Repositioning
The aluminium transaction could simplify the portfolio and concentrate capital on base metals, where South32 has identified substantial expansion opportunities. Combined with Sierra Gorda and Hermosa investment, this repositioning may improve growth exposure and strengthen long-term portfolio quality.
Bears Say
Cyclical Cash Flow
Although cash generation improved, modest free-cash-flow conversion relative to earnings indicates that reported profitability may not consistently translate into deployable cash. Historical volatility across commodity cycles could constrain investment, distributions, or debt reduction during weaker conditions.
Safety Risk
The fatal incident creates an enduring operational and reputational challenge, even with additional controls and design changes planned. Safety remediation may require sustained management attention and investment, while any recurrence could disrupt operations and weaken stakeholder confidence.
GEMCO Uncertainty
GEMCO’s dewatering requirements, permitting needs, and exposure to wet-season conditions create execution uncertainty around production and operating continuity. Its current six-year modeled life also limits visibility on the asset’s longer-term contribution unless extensions or additional plans are secured.
South32 News
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South32 Stock Smart Score
Company Description
South32
South32 Limited operates as a global, diversified natural resources company with significant mining and metals operations across Australia, Southern Africa, North America, and South America. Its portfolio includes key assets such as Worsley Alumina, Hillside Aluminium, Mozal Aluminium, Brazil Alumina, Illawarra Metallurgical Coal, Eagle Downs Metallurgical Coal, Australia Manganese, South Africa Manganese, Cerro Matoso, Cannington, Hermosa, and South Africa Energy Coal. The company extracts and processes a wide range of commodities, including alumina, aluminum, bauxite, thermal and coking coal, manganese ore and its alloys, ferronickel, silver, lead, zinc, and other industrial metals, which are distributed globally through exports. Additionally, South32 Limited maintains a strategic alliance with AusQuest Limited, focusing on gold-copper exploration opportunities, particularly at the Gunanya Project. Founded in 2000, originally as BHP Coal Holdings Pty Limited before adopting its current name, the company's corporate headquarters are located in Perth, Australia.
- Sector
- Basicmaterials
- Industry
- Industrial Materials
- CEO
- Matthew Daley
- Employees
- 6,867
- Website
- www.south32.net
- Address
- 108 St Georges Terrace, Perth, WA, 6000, AU
South32 (32ZA) Earnings & Revenues
32ZA Company Deck
32ZA Earnings Call
Earnings Call SentimentPositive
The call presented a predominantly positive operational and financial picture: strong EBITDA (+28%) and underlying earnings (+55%), improved free cash flow (+$352M to $610M), disciplined capital returns, and a transformational sale of aluminium assets that repositions the company toward higher‑margin base metals growth. Project execution updates (Hermosa, Sierra Gorda, Taylor) and a deep growth pipeline support further upside. Key negatives include a workplace fatality at Worsley (material reputational and safety concern), operational uncertainty at GEMCO due to water/dewatering risks and limited life‑of‑mine under current plans (~6 years), grade dilution risks from Cannington stockpile processing, and execution/timing risk around the Alcoa transaction and lockbox cash variance. On balance, highlights materially outweigh the lowlights given the scale of financial improvements and growth projects.
View all DE:32ZA earnings summariesTechnical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 4 | 5 | 13 |
| Technical Analysis | 3 | 5 | 2 |
| Moving Averages | 1 | 0 | 11 |
