Exxaro Resources Limited (EXX) Fair Value & Analysis
Energy · ZA · Market cap 51.4B ZAC
Fair value as of: Jun 26, 2026
From 26 valuation models · updated 4 days ago
Share price −5.6% over the past month.
Price vs Fair Value (12 months)
12‑month range R132.94 – R225.90 · fair‑value band R281.06 – R563.28 · the R201.55 price screens below the R359.50 fair value. As of Jun 26, 2026.
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Exxaro Resources Limited (EXX) currently trades at R201.55, while our model-based Fair Value estimate is R359.50 — implying the stock looks roughly 78.4% undervalued today. We read business quality at 80/100 (high quality), in the Energy sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium) — always confirm before acting.
Over the trailing twelve months, Exxaro Resources Limited generated revenue of 41.8B ZAR at a net margin of 18.1%. Revenue declined 2.5% year over year. It earns a return on equity of 14.1%. The balance sheet holds a net cash position of 10.7B 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
Exxaro Resources Limited engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally. The company mines and supplies thermal coal, metallurgical coal, and semi-soft coking coal products primarily in the Waterberg and Mpumalanga regions; manufactures ferrosilicon powder; and provides iron ore. Its energy solutions business consists of 229 megawatts of wind power generation assets. The company was formerly known as Kumba Resources Limited and changed its name to Exxaro Resources Limited in November 2006. Exxaro Resources Limited was incorporated in 2000 and is based in Centurion, South Africa.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Exxaro Resources Limited reported revenue of R41.8B in FY2025 versus R32.8B in FY2021, a compound +6.3%/yr. Reported net income was R7.6B in FY2025, compounding −12.1%/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.