South32 stock analysis
South32 (S32) Share Price & Analysis
S32 Stock Chart & Stats
- Day’s Range
- GBX 230.00 - GBX 235.40
- 52-Week Range
- GBX 148.00 - GBX 282.00
- Previous Close
- GBX 239.20
- Volume
- N/A
- Average Volume (3M)
- 405.85K
- Market Cap
- GBP 10.78B
- Enterprise Value
- GBP 17.18B
- Total Cash (Recent Filing)
- GBP 2.13B
- Total Debt (Recent Filing)
- GBP 1.85B
- Price to Earnings (P/E)
- 13.0
- Beta
- 1.64
- Next Earnings
- Feb 18, 2027 (Est.)
- EPS Estimate
- 0.09
- Last Dividend Ex-Date
- Sep 17, 2026
- Dividend Yield
- 2.97%
Bulls Say, Bears Say
Bulls Say
Profitability Rebound
The sharp improvement in EBITDA and underlying earnings shows stronger operating performance and renewed earnings capacity. If base-metals conditions and execution remain supportive, the higher profit base can fund project investment, strengthen resilience, and support shareholder returns over coming periods.
Conservative Balance Sheet
Low leverage and a substantial equity buffer provide financial resilience for a cyclical mining portfolio. This position gives South32 greater flexibility to continue approved growth projects, absorb commodity volatility, and manage capital allocation without excessive dependence on external funding.
Base-metals Growth Pipeline
A large approved and under-construction pipeline can shift South32 toward greater base-metals exposure and provide a multi-year production growth runway. Reserve expansion at Sierra Gorda and progress at Hermosa further support the durability and visibility of this growth strategy.
Bears Say
Cyclical Earnings And Cash Flow
Uneven cash conversion reduces the reliability of reported earnings as a source of internally funded growth. The prior near-breakeven or negative free-cash-flow period highlights sensitivity to investment requirements and working-capital movements, which can constrain flexibility through weaker commodity conditions.
Safety Failure
The fatality is a serious operational and management concern that requires sustained corrective action rather than a one-time response. Enhanced controls may increase oversight and operating demands, while any recurrence could damage workforce trust, disrupt operations, and increase regulatory exposure.
Alcoa Transaction Execution Risk
The planned transaction is central to South32's portfolio repositioning, so delays, approval issues, or uncertainty over final proceeds could postpone the intended strategic benefits. Until completion, capital allocation and liquidity planning remain exposed to execution and settlement outcomes.
South32 News
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South32 Stock Smart Score
Company Description
South32
South32 Limited functions as a diversified metals and mining company, conducting operations across Australia, Southern Africa, North America, and South America. The firm manages its extensive activities through various segments, including Worsley Alumina, Brazil Alumina, and Illawarra Metallurgical Coal. Its substantial portfolio of assets is responsible for yielding a broad array of commodities such as bauxite, alumina, aluminum, copper, silver, lead, zinc, nickel, metallurgical coal, manganese, and ferronickel, as well as other base metals. South32 also engages in the global export of its products. Established in 2000, the company's corporate headquarters are situated 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 (S32) Earnings & Revenues
S32 Earnings Call
Earnings Call SentimentPositive
The call delivered a predominantly positive commercial and financial message: strong earnings (+28% EBITDA, +55% underlying earnings), improved free cash flow, a clear growth pipeline (55% expected production growth from approved/under-construction projects), and a transformational sale to Alcoa that repositions the company toward higher-margin base metals. These positives are tempered by a serious safety failure (fatality), operational uncertainties at GEMCO related to water and weather, grade variability at Cannington due to stockpile processing, and near-term balance sheet pressure after returns and Hermosa investment. Transaction execution risk and a noted lockbox variance introduce additional near-term uncertainty. Overall, the highlights materially outweigh the lowlights while acknowledging significant safety and operational issues that require attention.
View all GB:S32 earnings summariesS32 Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 7 | 6 | 9 |
| Technical Analysis | 3 | 6 | 1 |
| Moving Averages | 4 | 0 | 8 |












