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Sibanye Stillwater Limited (SSW) Fair Value & Analysis

Basic Materials · ZA · Market cap 112B ZAC

SS Sibanye Stillwater Limited SSW · JSE
PriceR36.05
Fair ValueR103.94
Upside+188.3%
Quality91/100
Evidence: High Range R74.65 – R138.55

Fair value as of: Jun 26, 2026

From 15 valuation models · updated 4 days ago

Share price −28.6% over the past month.

Price vs Fair Value (12 months)

R83.16 R31.75 Fair Value R103.94 Jun 2025 Jun 2026

12‑month range R31.75 – R83.16 · fair‑value band R74.65 – R138.55 · the R36.05 price screens below the R103.94 fair value. As of Jun 26, 2026.

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Analysis

Sibanye Stillwater Limited (SSW) currently trades at R36.05, while our model-based Fair Value estimate is R103.94 — implying the stock looks roughly 188.3% undervalued today. We read business quality at 91/100 (high quality), in the Basic Materials 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: high) — always confirm before acting.

Over the trailing twelve months, Sibanye Stillwater Limited generated revenue of 130B ZAR at a net margin of -4.0%. Revenue grew 31.6% year over year. It earns a return on equity of -10.3%. Net debt stands at 27.2B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 130B ZAC
Revenue growth (YoY) +31.6%
Net margin -4.0%
Return on equity -10.3%
Free cash flow 1.8B ZAC FY2025
Operating margin 13.5%
More key figures
EPS (TTM) R-1.83
Dividend yield 0.0%
EPS growth (YoY) -38.2%
Net debt 27.2B ZAC FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 26, 2026. TTM = trailing twelve months.

About the company

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; lithium; zinc; nickel; and silver, cobalt, and copper. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevredenpark, South Africa.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Sibanye Stillwater Limited reported revenue of R130B in FY2025 versus R172B in FY2021, a compound −6.8%/yr. Reported net income was −R5.2B in FY2025.

Revenue −6.8%/yr
FY21 R172B
FY22 R138B
FY23 R114B
FY24 R112B
FY25 R130B
Net income
FY21 R33.1B
FY22 R18.4B
FY23 −R37.8B
FY24 −R7.3B
FY25 −R5.2B

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Similar stocks

6 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Jun 26, 2026).

Stock Price Fair Value vs Fair Value
Fresnillo plc FRES 750.00 MXN 32.56 MXN -96%
Valterra Platinum Limited ANGPY $11.60 $8.73 -25%
Hecla Mining Company HCL €13.34 €8.15 -39%
Impala Platinum Holdings IMPUY $12.07 $1.57 -87%
Northam Platinum Holdings NPTLF $24.00 $3.71 -85%
Compañía de Minas Buenaventura S.A. BVN $32.41 $28.79 -11%

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Frequently asked questions

Is Sibanye Stillwater Limited (SSW) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R103.94 versus a price of R36.05 — about +188% (undervalued). Model-based estimate, not financial advice.
What is the fair value of SSW?
Our 21-model fair value for Sibanye Stillwater Limited is R103.94 (as of Jun 26, 2026), built from audited fundamentals. The current price is R36.05.
What is the quality score of SSW?
Sibanye Stillwater Limited has a Quality Score of 91/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Sibanye Stillwater Limited (SSW)?
Sibanye Stillwater Limited reported trailing-twelve-month revenue of about 130B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of SSW?
The net profit margin of Sibanye Stillwater Limited is about -4.0%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Sibanye Stillwater Limited pay a dividend?
Sibanye Stillwater Limited currently shows a dividend yield of about 0.03% relative to its recent price (as of Jun 26, 2026).

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.