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Valterra Platinum Limited (VAL) Fair Value & Analysis

Basic Materials · ZA · Market cap 296B ZAC

VP Valterra Platinum Limited VAL · JSE
PriceR1,130
Fair ValueR1,168
Upside+3.4%
Quality95/100
Evidence: High Range R740.82 – R1,460

Fair value as of: Jun 26, 2026

From 26 valuation models · updated 3 days ago

Share price −18.5% over the past month.

Price vs Fair Value (12 months)

R1,851 R776.93 Fair Value R1,168 Jun 2025 Jun 2026

12‑month range R776.93 – R1,851 · fair‑value band R740.82 – R1,460 · the R1,130 price screens below the R1,168 fair value. As of Jun 26, 2026.

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Analysis

Valterra Platinum Limited (VAL) currently trades at R1,130, while our model-based Fair Value estimate is R1,168 — implying the stock looks roughly 3.4% undervalued today. We read business quality at 95/100 (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, Valterra Platinum Limited generated revenue of 116B ZAR at a net margin of 13.3%. Revenue grew 30.3% year over year. It earns a return on equity of 15.7%. The balance sheet holds a net cash position of 11.3B ZAR. Fundamentals as of Jun 26, 2026

Key figures & financial health

Revenue (TTM) 116B ZAC
Revenue growth (YoY) +30.3%
Net margin 13.3%
Return on equity 15.7%
Free cash flow 11.5B ZAC FY2025
P/E ratio 19.2
More key figures
Operating margin 28.6%
EPS (TTM) R58.39
Dividend yield 0.0%
EPS growth (YoY) +1,908%
Net cash 11.3B ZAC FY2025

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

About the company

Valterra Platinum Limited engages in the production and supply of platinum group metals, base metals, and precious metals in South Africa, Asia, Europe, North America, and internationally. The company produces platinum, palladium, rhodium, ruthenium, iridium, and osmium; and nickel, copper, cobalt sulphate, and chrome, as well as gold and sodium sulphate. It also provides fuel cell electric vehicles. The company was formerly known as Anglo American Platinum Limited and changed its name to Valterra Platinum Limited in May 2025. The company was incorporated in 1946 and is headquartered in Johannesburg, South Africa.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Valterra Platinum Limited reported revenue of R116B in FY2025 versus R215B in FY2021, a compound −14.2%/yr. Reported net income was R15.4B in FY2025, compounding −33.5%/yr from FY2021.

Revenue −14.2%/yr
FY21 R215B
FY22 R164B
FY23 R125B
FY24 R109B
FY25 R116B
Net income −33.5%/yr
FY21 R79.0B
FY22 R49.2B
FY23 R13.0B
FY24 R7.1B
FY25 R15.4B

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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 924.40 MXN +23%
Hecla Mining Company HCL €15.15 €10.13 -33%
Impala Platinum Holdings IMPUF $11.55 $2.79 -76%
Northam Platinum Holdings NPTLF $24.00 $3.74 -84%
Compañía de Minas Buenaventura S.A. BVN $32.58 $29.96 -8%
Sibanye Stillwater Limited SBYSF $2.54 $6.06 +139%

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Frequently asked questions

Is Valterra Platinum Limited (VAL) undervalued?
As of Jun 26, 2026, our model estimates a fair value of R1,168 versus a price of R1,130 — about +3% (undervalued). Model-based estimate, not financial advice.
What is the fair value of VAL?
Our 21-model fair value for Valterra Platinum Limited is R1,168 (as of Jun 26, 2026), built from audited fundamentals. The current price is R1,130.
What is the quality score of VAL?
Valterra Platinum Limited has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Valterra Platinum Limited (VAL)?
Valterra Platinum Limited reported trailing-twelve-month revenue of about 116B ZAR (latest available figure, as of Jun 26, 2026).
What is the net profit margin of VAL?
The net profit margin of Valterra Platinum Limited is about 13.3%, meaning it keeps roughly 13.3% of revenue as net income. Based on the latest reported figures.
Does Valterra Platinum Limited pay a dividend?
Valterra Platinum Limited currently shows a dividend yield of about 0.02% 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.