Sibanye Stillwater (SBSW) AI Stock Analysis

• Market Cap: $6.63B
• Dividend Yield: N/A
• Average Volume (3M): 7.38M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.00
• Revenue Growth: 6.27%
• EPS Growth: 93.14%
• Country: US
• Employees: 57,857
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.42
• Shares Outstanding: 707,641,850
• 10 Day Avg. Volume: 6,781,801
• 30 Day Avg. Volume: 7,378,265
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 0.06
• Enterprise Value/Gross Profit: 0.42
• Enterprise Value/Ebitda: 40.01
• 1Y Price Target: $8.83
• Price Target Upside: -7.44% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 56 Neutral
• Price Target: $8.50 ▼(-10.90% Downside)

Sibanye Stillwater's overall stock score is primarily impacted by its financial performance challenges, including declining revenue and profitability, and valuation concerns due to a negative P/E ratio. Technical analysis shows neutral momentum, while the earnings call provided some positive strategic insights but also highlighted operational and market challenges.

Positive Factors

Record Adjusted EBITDA Growth

The significant increase in adjusted EBITDA indicates strong operational performance and enhances financial stability, supporting long-term growth.

Positive PGM Market Position

Maintaining production within guidance and benefiting from rising PGM prices strengthens the company's market position and revenue potential.

Strong Sustainability and Renewable Energy Initiatives

Operational renewable energy projects enhance sustainability, reduce costs, and align with global environmental trends, supporting long-term viability.

Negative Factors

Safety Concerns with Fatalities

Safety issues can lead to operational disruptions and reputational damage, impacting long-term operational efficiency and stakeholder trust.

Challenges at Kloof Gold Operations

Operational challenges at Kloof can hinder production efficiency and necessitate costly interventions, affecting profitability and growth prospects.

Keliber Lithium Project Impairment

The impairment reflects market volatility and can strain financial resources, impacting future investment and diversification strategies.

Sibanye Stillwater Business Overview & Revenue Model

Company Description

Sibanye Stillwater (SBSW) is a leading global precious metals mining company, primarily engaged in the extraction and processing of gold and platinum group metals (PGMs). Headquartered in South Africa, the company operates several mining operations in the country and in the United States, focusing on sustainable and responsible mining practices. Its core products include gold, platinum, palladium, and rhodium, catering to various industrial applications and investment demands in the global market.

How the Company Makes Money

Sibanye Stillwater generates revenue primarily through the sale of its mined precious metals, which are sold to various markets including jewelry, automotive, and industrial sectors. The company's key revenue streams include gold sales, PGM sales, and by-products from its mining operations. Additionally, Sibanye Stillwater has engaged in strategic partnerships and joint ventures to enhance its mining capabilities and expand its resource base. Factors such as fluctuating commodity prices, operational efficiency, and the successful execution of its growth strategies significantly contribute to its earnings. The company also benefits from investments in recycling operations, which provide additional revenue through the recovery of precious metals from waste materials.

Sibanye Stillwater Financial Statement Overview

Summary

Sibanye Stillwater's financial performance is challenged by declining revenue and profitability, as indicated by a volatile income statement and negative net profit margins. The balance sheet shows a solid equity base but increasing leverage, while cash flow analysis reveals 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	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	112.13B	113.68B	138.29B	172.19B	127.39B
Gross Profit	6.30B	12.78B	34.83B	60.17B	42.26B
EBITDA	164.00M	-27.52B	37.13B	57.61B	45.42B
Net Income	-7.30B	-37.77B	18.40B	33.05B	29.31B
Balance Sheet
Total Assets	137.99B	142.94B	166.63B	152.99B	134.10B
Cash, Cash Equivalents and Short-Term Investments	16.05B	25.56B	26.08B	30.29B	20.24B
Total Debt	42.06B	41.01B	23.05B	20.58B	18.71B
Total Liabilities	89.70B	91.33B	75.63B	71.65B	63.39B
Stockholders Equity	43.98B	48.73B	91.00B	81.34B	70.72B
Cash Flow
Free Cash Flow	-11.28B	-15.32B	-356.00M	19.52B	17.53B
Operating Cash Flow	10.29B	7.09B	15.54B	32.26B	27.15B
Investing Cash Flow	-24.34B	-22.04B	-17.37B	-14.57B	-9.94B
Financing Cash Flow	4.56B	12.98B	-3.50B	-8.34B	-2.24B

Sibanye Stillwater Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 9.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 9.54 is above the 20-day moving average (MA) of 8.46, above the 50-day MA of 8.62, and above the 200-day MA of 5.65, indicating a bullish trend. The MACD of 0.17 indicates Negative momentum. The RSI at 63.87 is Neutral, neither overbought nor oversold. The STOCH value of 55.21 is Neutral, 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
GFI	79 Outperform	35.64B	19.62	23.94%	1.88%	49.62%	195.39%
HMY	78 Outperform	10.11B	13.26	0.00%	1.02%	29.08%	70.63%
AU	73 Outperform	34.15B	29.05	24.34%	2.38%	26.43%	0.00%
DRD	72 Outperform	2.16B	17.87	0.00%	1.52%	30.05%	73.23%
HL	70 Outperform	7.34B	70.03	6.73%	0.23%	36.30%	0.00%
SBSW	56 Neutral	$6.63B	―	-8.31%	―	6.27%	93.14%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Sibanye Stillwater Corporate Events

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.

Sibanye Stillwater Reports Strong H1 2025 Financial Performance

Sibanye Stillwater reported its financial and operating results for the first half of 2025, highlighting a significant improvement in financial performance compared to the previous year. The company achieved a 127% increase in adjusted EBITDA, reaching R15.1 billion, and a substantial rise in headline earnings to R5.4 billion, driven by restructuring efforts and cost management in its US PGM operations. Despite challenges in its South African gold operations, the overall outlook remains positive, with most operations on track to meet annual guidance. The Keliber lithium project is nearing the end of its construction phase, with considerations for a responsible start-up amid market conditions.

Sibanye Stillwater Files Form 6-K for Regulatory Compliance

On August 26, 2025, Sibanye Stillwater Limited filed a Form 6-K with the U.S. Securities and Exchange Commission, signed by Chief Financial Officer Charl Keyter. This filing is part of the company’s compliance with the Securities Exchange Act of 1934, indicating ongoing regulatory adherence and transparency in its financial reporting.

Sibanye-Stillwater Reports Strong Earnings Growth Amid Operational Challenges

Sibanye-Stillwater announced a significant increase in headline earnings per share (HEPS) for the first half of 2025, with figures expected to be more than 100% higher than the same period in 2024. This improvement is attributed to increased profitability from South African gold operations and operational restructuring. However, the company also reported a basic loss per share due to impairment losses related to its US PGM operations and the Keliber lithium project, influenced by changes in US legislation and lower forecast lithium prices. Production updates revealed consistent output across most operations, though challenges in South African gold operations led to a 13% decline in production year-on-year. The company anticipates improved performance in the latter half of 2025, driven by higher PGM prices and resolved operational issues.

Sibanye Stillwater Releases August 2025 Regulatory Report

Sibanye Stillwater Limited, a prominent player in the mining industry, has released a report as of August 1, 2025, under the Securities Exchange Act of 1934. The report, signed by the Chief Financial Officer Charl Keyter, indicates compliance with regulatory requirements, reflecting the company’s ongoing commitment to transparency and governance.

Sibanye Stillwater Files Form 6-K with SEC

Sibanye Stillwater Limited, a prominent player in the mining industry, has released a market update on July 25, 2025. The company has filed a Form 6-K with the U.S. Securities and Exchange Commission, indicating compliance with the Securities Exchange Act of 1934. This filing, signed by CFO Charl Keyter, underscores the company’s commitment to regulatory transparency and may impact its market perception positively.

Sibanye Stillwater Files Routine SEC Form 6-K

Sibanye Stillwater Limited has filed a Form 6-K with the United States Securities and Exchange Commission as of July 24, 2025. This filing is a routine report pursuant to the Securities Exchange Act of 1934, indicating compliance with regulatory requirements. The filing was signed by Charl Keyter, the Chief Financial Officer, and includes a market release as an exhibit, which may provide further insights into the company’s current market activities or financial status.

Sibanye Stillwater Releases Compliance Report for July 2025

Sibanye Stillwater Limited, a company headquartered in South Africa, has released a report dated July 21, 2025, under the Securities Exchange Act of 1934. The report, signed by Chief Financial Officer Charl Keyter, indicates compliance with regulatory requirements but does not provide specific details about the company’s current operations or strategic initiatives.