Impala Platinum Holdings Ltd PK (IMPUY) fair value: what the stock is really worth
As of Sep 22, 2026: fair value of Impala Platinum Holdings Ltd PK $2.34, price $13.77, upside -83.0%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $3.05 – $22.96 · fair‑value band $1.59 – $2.86 · the $13.77 price screens above the $2.34 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
Impala Platinum Holdings Limited engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold.
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Impala Platinum Holdings Limited engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada. The company produces platinum, palladium, rhodium, nickel, and by-products, as well as ruthenium, iridium, and gold. It has mining operations on the Bushveld Complex located in South Africa; and the Great Dyke situated in Zimbabwe, as well as the Canadian Shield. The company was incorporated in 1957 and is based in Illovo, South Africa.
Stock analysis
Impala Platinum Holdings Ltd PK (IMPUY) currently trades at $13.77, while our model-based Fair Value estimate is $2.34, implying the stock looks roughly 488.6% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of $21.80 per share, and 25 of the 25 models we run sit above the $13.77 price.
Bear case: the Multiples group reads lowest at $14.40, and 0 of the 25 models stay below the price. Evidence for this calculation is low.
Scenario range: $1.59 (bear) to $2.86 (bull), the price of $13.77 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Impala Platinum Holdings Ltd PK reported revenue of 85.5B ZAR in FY2025 versus 130B ZAR in FY2021, a compound −9.9%/yr. Reported net income was 761M ZAR in FY2025, compounding −64.3%/yr from FY2021.
Key figures
Market cap $12.4B · P/E ratio 24.6 · P/S ratio 0.22 · EPS (TTM) $0.5600 · Dividend yield 2.8% · Net margin 0.9% · Return on equity 8.3% · Return on assets (EBIT) 17.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 40% below its 52-week high and 77% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −17% fair-value upside, at −83%, IMPUY screens richer than that median.
Fair Value models
Bear $1.59Fair Value $2.34Bull $2.86
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.1%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−10.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Start year 2020 (pandemic). Over 10 years: +41.4% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+36.8%
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What shareholders gained per year (last 5 years), in ZAR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in ZAR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−44.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−47.1%
Dividend (yield on the price)2.8%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.33% → 3%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+17.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +14.6% a year for the price.
News mood ⓘNews mood, the average tone of recent news (86 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Negative
Recent news coverage is more negative than average.
Compare Impala Platinum Holdings Ltd PK with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Other Precious Metals & Mining · 100 stocks
Beats the industry median on 8/11 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Above median
Fair Value upside+19% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets6% · Above median
Net margin (TTM)8% · Below median
Operating margin (TTM)22% · Above median
Growth and dividend
Revenue growth44% · Above median
Dividend yield (TTM)2.8% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
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Is Impala Platinum Holdings Ltd PK (IMPUY) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $2.34 versus a price of $13.77, about −83% upside (overvalued).
What is the fair value of IMPUY?
Our model-based fair value for Impala Platinum Holdings Ltd PK is $2.34 (as of Sep 23, 2026), built from audited fundamentals. The current price: $13.77.
What is the quality score of IMPUY?
Impala Platinum Holdings Ltd PK has a Quality Score of 52/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Impala Platinum Holdings Ltd PK (IMPUY)?
Our model-based price target is the fair value of $2.34 (as of Sep 23, 2026) from 25 valuation models. Cautious scenario $1.59, optimistic scenario $2.86. It is a calculation from audited fundamentals, not an analyst target.
What is the Impala Platinum Holdings Ltd PK stock forecast for 2026?
Our models put fair value at $2.34, about −83% upside versus a price of $13.77 (overvalued). Cautious scenario $1.59, optimistic scenario $2.86. The calculation is refreshed regularly with new filings.
What is the revenue of Impala Platinum Holdings Ltd PK (IMPUY)?
Impala Platinum Holdings Ltd PK reported trailing-twelve-month revenue of about $104B (latest available figure, as of Sep 23, 2026).
Does Impala Platinum Holdings Ltd PK pay a dividend?
Impala Platinum Holdings Ltd PK currently shows a dividend yield of about 2.77% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Impala Platinum Holdings Ltd PK (IMPUY)?
For today's price to be fair in a discounted-cash-flow model, Impala Platinum Holdings Ltd PK would have to grow free cash flow by +17.3 % per year for five years (discount rate 9.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +4.1 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of IMPUY use?
Our models discount Impala Platinum Holdings Ltd PK at 9.7 %: a base by market capitalisation (large), damped by beta 1.21, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Impala Platinum Holdings Ltd PK that is +17.3 % per year a year over ten years, using the same discount rate (9.7 %) and the same formula as our fair value.
How much growth has Impala Platinum Holdings Ltd PK (IMPUY) delivered so far?
Over the past 5 years revenue at Impala Platinum Holdings Ltd PK grew +4.1 % a year. The price currently implies +17.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Impala Platinum Holdings Ltd PK (IMPUY) growing?
The median revenue growth in the sector is +3.3 % a year. That is the yardstick for the growth priced into Impala Platinum Holdings Ltd PK (+17.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Impala Platinum Holdings Ltd PK (IMPUY)?
The free-cash-flow yield on the price is 4.12 %: that much free cash flow Impala Platinum Holdings Ltd PK produces per unit of market value. When it exceeds the discount rate of our models (9.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Impala Platinum Holdings Ltd PK (IMPUY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Impala Platinum Holdings Ltd PK it is $2.34 per share (as of Sep 23, 2026), against a price of $13.77. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Impala Platinum Holdings Ltd PK stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IMPUY trades above its calculated fair value: price $13.77, fair value $2.34, a gap of about −83% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of IMPUY?
No. The price is what the market pays today ($13.77); the fair value is what the company's own numbers justify ($2.34). For Impala Platinum Holdings Ltd PK the two are $11.43 per share apart. That gap is exactly why we show both numbers side by side.
How much is Impala Platinum Holdings Ltd PK worth?
The market values Impala Platinum Holdings Ltd PK at about $12.4B (market capitalisation, as of Sep 23, 2026). Per share that is $13.77; our models calculate a fair value of $2.34 per share.
What do the bullish and bearish scenarios say about IMPUY?
Our models span a range for Impala Platinum Holdings Ltd PK: cautious scenario $1.59, base $2.34, optimistic $2.86 per share (as of Sep 23, 2026, price $13.77). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IMPUY?
Impala Platinum Holdings Ltd PK trades at a price-to-earnings ratio of 24.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $2.34 is built from several models across several years.
How solid is the balance sheet of Impala Platinum Holdings Ltd PK (IMPUY)?
Balance-sheet figures for Impala Platinum Holdings Ltd PK (as of Sep 23, 2026): return on equity 8.3%, debt of 0.01 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is IMPUY from its 52-week high?
Impala Platinum Holdings Ltd PK trades at $13.77, about 40% below its 52-week high of $23.07 and 77% above the low of $7.80 (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of $2.34 is for.
Which stocks are comparable to Impala Platinum Holdings Ltd PK?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, Compañía de Minas Buenaventura S.A., Sibanye Stillwater Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Impala Platinum Holdings Ltd PK stock attractive at the current price?
The data as of Sep 23, 2026: price $13.77, calculated fair value $2.34 (−83%), Quality Score 52/100, from 25 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of IMPUY calculated?
We run Impala Platinum Holdings Ltd PK through 25 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $2.34, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 15.2 % above its aggregate fair value. Impala Platinum Holdings Ltd PK itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Impala Platinum Holdings Ltd PK (IMPUY)?
The closing price on Sep 22, 2026 was $13.77. Our model-based fair value is $2.34, about −83% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Impala Platinum Holdings Ltd PK right now?
The price sits above even our optimistic bull case ($2.86). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Impala Platinum Holdings Ltd PK
How large is the market capitalisation of Impala Platinum Holdings Ltd PK (IMPUY)?
The market capitalisation of Impala Platinum Holdings Ltd PK is $12.4B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Impala Platinum Holdings Ltd PK (IMPUY)?
The price-to-sales ratio of Impala Platinum Holdings Ltd PK is 0.22 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Impala Platinum Holdings Ltd PK (IMPUY)?
Earnings per share at Impala Platinum Holdings Ltd PK are $0.5600 (price ÷ EPS = P/E 24.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Impala Platinum Holdings Ltd PK (IMPUY)?
The dividend yield of Impala Platinum Holdings Ltd PK is 2.8% (payout 68.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Impala Platinum Holdings Ltd PK (IMPUY)?
The net margin of Impala Platinum Holdings Ltd PK is 0.9% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Impala Platinum Holdings Ltd PK (IMPUY)?
The return on equity (ROE) of Impala Platinum Holdings Ltd PK is 8.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Impala Platinum Holdings Ltd PK (IMPUY)?
On an EBIT basis the return on assets of Impala Platinum Holdings Ltd PK is 17.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Impala Platinum Holdings Ltd PK (IMPUY)?
The operating margin of Impala Platinum Holdings Ltd PK is 21.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Impala Platinum Holdings Ltd PK (IMPUY)?
Revenue at Impala Platinum Holdings Ltd PK is growing +43.7% versus a year earlier (3y avg −10.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Impala Platinum Holdings Ltd PK (IMPUY)?
Earnings per share at Impala Platinum Holdings Ltd PK are growing +400% versus a year earlier. How much earnings per share grew versus a year earlier.
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Thin data
Sep 23, 2026