African Rainbow Minerals Limited (ARI) Fair Value & Analysis
Basic Materials · ZA · Market cap 37.1B ZAC
Fair value as of: Jun 26, 2026
From 11 valuation models · updated 3 days ago
Share price −15.7% over the past month.
Price vs Fair Value (12 months)
12‑month range R166.89 – R269.56 · fair‑value band R20.96 – R34.93 · the R179.09 price screens above the R27.94 fair value. As of Jun 26, 2026.
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African Rainbow Minerals Limited (ARI) currently trades at R179.09, while our model-based Fair Value estimate is R27.94 — implying the stock looks roughly 84.4% overvalued today. We read business quality at 87/100 (high quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: medium).
Over the trailing twelve months, African Rainbow Minerals Limited generated revenue of 13.8B ZAR at a net margin of 9.3%. Revenue grew 2.3% year over year. It earns a return on equity of 3.4%. The balance sheet holds a net cash position of 6.6B ZAR. Fundamentals as of Jun 26, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.
About the company
African Rainbow Minerals Limited, through its subsidiaries, operates as a diversified mining and minerals company in South Africa, Malaysia, and Switzerland. It explores for platinum group metals, nickel, coal, iron ore, copper, manganese ore, and chrome, as well as gold deposits. African Rainbow Minerals Limited was incorporated in 1933 and is based in Sandton, South Africa.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
African Rainbow Minerals Limited reported revenue of R11.7B in FY2025 versus R19.7B in FY2021, a compound −12.2%/yr. Reported net income was R330M in FY2025, compounding −59.8%/yr from FY2021.
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.