Valterra Platinum Limited (VALT) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Valterra Platinum Limited £41.28, price £56.20, upside -26.6%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range £22.25 – £83.36 · fair‑value band £26.48 – £55.95 · the £56.20 price screens above the £41.28 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
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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.
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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.
Stock analysis
Valterra Platinum Limited (VALT) currently trades at £56.20, while our model-based Fair Value estimate is £41.28, 26.6% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of £45.06 per share, and 4 of the 26 models we run sit above the £56.20 price.
Bear case: the Asset-Based group reads lowest at £11.35, and 22 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: £26.48 (bear) to £55.95 (bull), the price of £56.20 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 72/100 (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.
Valterra Platinum Limited reported revenue of 116B ZAR in FY2025 versus 215B ZAR in FY2021, a compound −14.3%/yr. Reported net income was 15.3B ZAR in FY2025, compounding −33.6%/yr from FY2021.
Key figures
Market cap 16.1B GBX · P/E ratio 20.9 · P/S ratio 2.77 · EPS (TTM) £2.69 · Dividend yield 8.1% · Net margin 13.3% · Return on equity 15.7% · Return on assets (EBIT) 26.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 33% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −4% fair-value upside, at −27%, VALT screens richer than that median.
Fair Value models
Bear £26.48Fair Value £41.28Bull £55.95
Price £56.20 · Upside -26.6%
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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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
+6.1%
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.
−11.0%
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.
+1.5%
Start year 2020 (pandemic). Over 10 years: +6.8% a year
Revenue growth 20 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.
+8.4%
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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.
−4.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−12.7%
Dividend (yield on the price)8.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−12.7% vs 37.7%, slowing
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.35% → 23%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than analysts expect.
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).
+14.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+1.0%
Yearly sales growth analysts expect, extended to five years.
After inflation (figures in ZAR, South Africa: IMF forecast 3.3% a year to 2030, 4.9% from 2016 to 2025) that is about +10.7% a year for the price and −2.2% for the forecasts.
Compare Valterra Platinum Limited with another stock
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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 · 95 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−26.5% · Above median
Profitability
Return on equity (TTM)15.7% · Above median
Return on assets8.8% · Above median
Net margin (TTM)13.3% · Below median
Operating margin (TTM)28.6% · Above median
Growth and dividend
Revenue growth30.3% · Above median
Dividend yield (TTM)8.1% · Top 25%
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
P/E (TTM)20.9× · Priciest 25%
P/B3.60× · Priciest 25%
P/S (TTM)3.03× · Cheaper than median
P/FCF29.1× · Cheaper than median
EV/EBITDA10.9× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 100
PAST (return on equity)63· sector 0
HEALTH (low debt)100· sector 98
DIVIDEND (yield)100· sector 65
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Valterra Platinum Limited (VALT) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of £41.28 versus a price of £56.20, about −27% upside (overvalued).
What is the fair value of VALT?
Our model-based fair value for Valterra Platinum Limited is £41.28 (as of Oct 3, 2026), built from audited fundamentals. The current price: £56.20.
What is the quality score of VALT?
Valterra Platinum Limited has a Quality Score of 72/100. 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 Valterra Platinum Limited (VALT)?
Our model-based price target is the fair value of £41.28 (as of Oct 3, 2026) from 26 valuation models. Cautious scenario £26.48, optimistic scenario £55.95. It is a calculation from audited fundamentals, not an analyst target.
What is the Valterra Platinum Limited stock forecast for 2026?
Our models put fair value at £41.28, about −27% upside versus a price of £56.20 (overvalued). Cautious scenario £26.48, optimistic scenario £55.95. The calculation is refreshed regularly with new filings.
What is the revenue of Valterra Platinum Limited (VALT)?
Valterra Platinum Limited reported trailing-twelve-month revenue of about 116B ZAR (latest available figure, as of Oct 3, 2026).
Does Valterra Platinum Limited pay a dividend?
Valterra Platinum Limited currently shows a dividend yield of about 8.10% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Valterra Platinum Limited (VALT)?
For today's price to be fair in a discounted-cash-flow model, Valterra Platinum Limited would have to grow free cash flow by +14.3 % 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 +1.5 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of VALT use?
Our models discount Valterra Platinum Limited at 9.7 %: a base by market capitalisation (large), damped by beta 0.97, country premium for United Kingdom. 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 Valterra Platinum Limited that is +14.3 % 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 Valterra Platinum Limited (VALT) delivered so far?
Over the past 5 years revenue at Valterra Platinum Limited grew +1.5 % a year. The price currently implies +14.3 % 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 Valterra Platinum Limited (VALT) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Valterra Platinum Limited (+14.3 % 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 Valterra Platinum Limited (VALT)?
The free-cash-flow yield on the price is 3.72 %: that much free cash flow Valterra Platinum Limited 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 Valterra Platinum Limited (VALT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Valterra Platinum Limited it is £41.28 per share (as of Oct 3, 2026), against a price of £56.20. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Valterra Platinum Limited stock overvalued or undervalued in 2026?
As of Oct 3, 2026, VALT trades above its calculated fair value: price £56.20, fair value £41.28, a gap of about −27% (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 VALT?
No. The price is what the market pays today (£56.20); the fair value is what the company's own numbers justify (£41.28). For Valterra Platinum Limited the two are £14.92 per share apart. That gap is exactly why we show both numbers side by side.
How much is Valterra Platinum Limited worth?
The market values Valterra Platinum Limited at about 16.1B GBX (market capitalisation, as of Oct 3, 2026). Per share that is £56.20; our models calculate a fair value of £41.28 per share.
What do the bullish and bearish scenarios say about VALT?
Our models span a range for Valterra Platinum Limited: cautious scenario £26.48, base £41.28, optimistic £55.95 per share (as of Oct 3, 2026, price £56.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VALT?
Valterra Platinum Limited trades at a price-to-earnings ratio of 20.9 (as of Oct 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of £41.28 is built from several models across several years. Other multiples: P/B 3.6, P/S 3.0, EV/EBITDA 10.9.
How solid is the balance sheet of Valterra Platinum Limited (VALT)?
Balance-sheet figures for Valterra Platinum Limited (as of Oct 3, 2026): return on equity 15.7%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is VALT from its 52-week high?
Valterra Platinum Limited trades at £56.20, about 33% below its 52-week high of £83.36 and 37% above the low of £41.10 (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of £41.28 is for.
Which stocks are comparable to Valterra Platinum Limited?
From the same area (Basic Materials) we also value PT Amman Mineral Internasional Tbk, Hecla Mining Company, China Gold International Resources Corp, Compañía de Minas Buenaventura S.A., 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 Valterra Platinum Limited stock attractive at the current price?
The data as of Oct 3, 2026: price £56.20, calculated fair value £41.28 (−27%), Quality Score 72/100, from 26 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 VALT calculated?
We run Valterra Platinum Limited through 26 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 £41.28, 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 14.5 % above its aggregate fair value. Valterra Platinum Limited 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 Valterra Platinum Limited (VALT)?
The closing price on Oct 8, 2026 was £56.20. Our model-based fair value is £41.28, about −27% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Valterra Platinum Limited right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. A fairly wide model range (£26.48 to £55.95) leaves room in how you read the outcome.
Where does the earnings growth of Valterra Platinum Limited (VALT) come from?
Earnings per share at Valterra Platinum Limited grew +38.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share +7.9 %, EBIT margin +15.2 %, tax rate −0.2 %, residual (interest, one-offs) +11.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Valterra Platinum Limited
How large is the market capitalisation of Valterra Platinum Limited (VALT)?
The market capitalisation of Valterra Platinum Limited is 16.1B GBX. 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 Valterra Platinum Limited (VALT)?
The price-to-sales ratio of Valterra Platinum Limited is 2.77 (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 Valterra Platinum Limited (VALT)?
Earnings per share at Valterra Platinum Limited are £2.69 (price ÷ EPS = P/E 20.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Valterra Platinum Limited (VALT)?
The dividend yield of Valterra Platinum Limited is 8.1% (payout 169%). 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 Valterra Platinum Limited (VALT)?
The net margin of Valterra Platinum Limited is 13.3% (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 Valterra Platinum Limited (VALT)?
The return on equity (ROE) of Valterra Platinum Limited is 15.7% (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 Valterra Platinum Limited (VALT)?
On an EBIT basis the return on assets of Valterra Platinum Limited is 26.6% (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 Valterra Platinum Limited (VALT)?
The operating margin of Valterra Platinum Limited is 28.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Valterra Platinum Limited (VALT)?
Revenue at Valterra Platinum Limited is growing +30.3% versus a year earlier (3y avg −11.0%). 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 Valterra Platinum Limited (VALT)?
Earnings per share at Valterra Platinum Limited are growing +19.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Valterra Platinum Limited (VALT) carry?
The net debt of Valterra Platinum Limited is 2.1B ZAR (fiscal year 2025, ≈ 0.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Oct 3, 2026