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Sasol
(NYSE:SSL)
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Rating:63Neutral
Price Target:
$14.50
▲(22.67% 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
Improved operating performance and profitability
Higher volumes, improved reliability and stronger operating profitability indicate that Sasol is capturing more value from its integrated assets. The combination of EBITDA growth and better execution can support earnings resilience and reinvestment over the next several quarters.
Negative Factors
Structural chemicals oversupply and weaker FY27 outlook
Persistent excess capacity and subdued demand can keep chemical prices and margins below historical levels, limiting earnings recovery. The lower FY27 guidance shows that Sasol’s chemicals performance remains exposed to an industry imbalance that may take time to normalize.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved operating performance and profitability
Higher volumes, improved reliability and stronger operating profitability indicate that Sasol is capturing more value from its integrated assets. The combination of EBITDA growth and better execution can support earnings resilience and reinvestment over the next several quarters.
Read all positive factors
Sasol (SSL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$8.89B
Dividend Yield8.55%
Average Volume (3M)1.73M
Price to Earnings (P/E)12.2
Beta (1Y)0.12
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. Volume1,955,559
30 Day Avg. Volume1,731,784
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.13
Revenue Forecast (FY)$17.67B
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...
How the Company Makes Money
Sasol primarily makes money by converting hydrocarbon feedstocks into higher-value fuels and chemical products and selling those outputs to industrial, commercial, and retail customers.
Key revenue streams include:
- Sale of chemical products: Sa...
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 | 57.88B | 64.47B | 43.29B |
| 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
12.49
Positive
12.20
Positive
10.83
Positive
Market Momentum
0.47
Positive
55.72
Neutral
42.74
Neutral
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 13.82, below the 50-day MA of 12.49, and above the 200-day MA of 10.83, indicating a bullish trend. The MACD of 0.47 indicates Positive momentum. The RSI at 55.72 is Neutral, neither overbought nor oversold. The STOCH value of 42.74 is Neutral, 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 | $8.89B | 12.18 | 7.73% | 8.55% | 17.90% | 95.98% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
57 Neutral | $17.57B | 282.37 | 0.34% | 1.85% | -34.44% | ― | |
57 Neutral | $19.94B | -15.25 | -6.58% | 5.08% | -1.20% | -30.03% | |
56 Neutral | $4.92B | -4.15 | -28.81% | 0.27% | -2.28% | 27.94% | |
49 Neutral | $1.47B | -8.44 | -6.28% | 4.17% | 0.65% | 45.36% | |
42 Neutral | $570.82M | -0.69 | 142.56% | 18.42% | -1.40% | 2.39% |
* Basic Materials Sector Average
SSL
Sasol
13.82
7.61
122.54%
CE
Celanese
44.37
2.12
5.02%
BAK
Braskem SA
1.45
-1.11
-43.36%
HUN
Huntsman
8.40
-0.45
-5.06%
DD
DuPont de Nemours
129.89
33.44
34.67%
DOW
Dow Inc
27.54
5.57
25.38%
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.