Zimplats Holdings Limited (ZMPLF) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Zimplats Holdings Limited $4.58, price $8.87, upside -48.4%, quality 54 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Zimplats Holdings Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
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 Sep 24, 2026.
How to read this chart
60‑month range $1.09 – $21.06 · fair‑value band $3.21 – $5.96 · the $8.87 price screens above the $4.58 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Follow Zimplats Holdings in your weekly email
Every Wednesday you see whether Zimplats Holdings is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Zimplats Holdings Limited engages in the production and sales of platinum group and associated metals in Zimbabwe. It produces platinum, palladium, rhodium, iridium, and ruthenium, as well as nickel, gold, copper, cobalt, and silver deposits. The company was formerly known as Zimbabwe Platinum Mines Limited.
Show more
Zimplats Holdings Limited engages in the production and sales of platinum group and associated metals in Zimbabwe. It produces platinum, palladium, rhodium, iridium, and ruthenium, as well as nickel, gold, copper, cobalt, and silver deposits. The company was formerly known as Zimbabwe Platinum Mines Limited. The company was incorporated in 1998 and is based in Saint Peter Port, Guernsey. Zimplats Holdings Limited is a subsidiary of Impala Platinum BV.
Stock analysis
Zimplats Holdings Limited (ZMPLF) currently trades at $8.87, while our model-based Fair Value estimate is $4.58, 48.4% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of $11.38 per share, and 3 of the 17 models we run sit above the $8.87 price.
Bear case: the Earnings-Based group reads lowest at $3.40, and 14 of the 17 models stay below the price. Evidence for this calculation is high.
Scenario range: $3.21 (bear) to $5.96 (bull), the price of $8.87 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 54/100 (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.
Zimplats Holdings Limited reported revenue of $542M in FY2025 versus $1.4B in FY2021, a compound −20.6%/yr. Reported net income was $26.5M in FY2025, compounding −49.9%/yr from FY2021.
Key figures
Market cap $1.1B · P/E ratio 5.3 · P/S ratio 0.26 · EPS (TTM) $1.68 · Dividend yield 6.2% · Net margin 4.9% · Return on equity 9.6% · Return on assets (EBIT) 16.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and at 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 −48%, ZMPLF screens richer than that median.
Fair Value models
Bear $3.21Fair Value $4.58Bull $5.96
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. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then ($1.68 per share) are deliberately not added.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.19/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+5.9%
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.
−24.2%
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.
−9.5%
Start year 2020 (pandemic). Over 10 years: +3.0% a year
Revenue growth 24 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.
+39.8%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘ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.
−25.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.8%
Dividend (yield on the price)6.2%
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.−31.8% vs −5.7%, 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.44% → 11%
Compare Zimplats Holdings Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 105 stocks
Beats the industry median on 11/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Top 25%
Fair Value upside+52.2% · Top 25%
Profitability
Return on equity (TTM)9.6% · Above median
Return on assets6.6% · Above median
Net margin (TTM)16.1% · Below median
Operating margin (TTM)33.2% · Above median
Growth and dividend
Revenue growth83.3% · Top 25%
Dividend yield (TTM)6.2% · Top 25%
Valuation Multiplesvs Other Precious Metals & Mining median · lower = cheaper
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 Zimplats Holdings Limited (ZMPLF) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of $4.58 versus a price of $8.87, about −48% upside (overvalued).
What is the fair value of ZMPLF?
Our model-based fair value for Zimplats Holdings Limited is $4.58 (as of Sep 24, 2026), built from audited fundamentals. The current price: $8.87.
What is the quality score of ZMPLF?
Zimplats Holdings Limited has a Quality Score of 54/100. 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 Zimplats Holdings Limited (ZMPLF)?
Our model-based price target is the fair value of $4.58 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario $3.21, optimistic scenario $5.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Zimplats Holdings Limited stock forecast for 2026?
Our models put fair value at $4.58, about −48% upside versus a price of $8.87 (overvalued). Cautious scenario $3.21, optimistic scenario $5.96. The calculation is refreshed regularly with new filings.
What is the revenue of Zimplats Holdings Limited (ZMPLF)?
Zimplats Holdings Limited reported trailing-twelve-month revenue of about $1.1B (latest available figure, as of Sep 24, 2026).
Does Zimplats Holdings Limited pay a dividend?
Zimplats Holdings Limited currently shows a dividend yield of about 6.19% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Zimplats Holdings Limited (ZMPLF)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Zimplats Holdings Limited it is $4.58 per share (as of Sep 24, 2026), against a price of $8.87. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Zimplats Holdings Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, ZMPLF trades above its calculated fair value: price $8.87, fair value $4.58, a gap of about −48% (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 ZMPLF?
No. The price is what the market pays today ($8.87); the fair value is what the company's own numbers justify ($4.58). For Zimplats Holdings Limited the two are $4.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Zimplats Holdings Limited worth?
The market values Zimplats Holdings Limited at about $1.1B (market capitalisation, as of Sep 24, 2026). Per share that is $8.87; our models calculate a fair value of $4.58 per share.
What do the bullish and bearish scenarios say about ZMPLF?
Our models span a range for Zimplats Holdings Limited: cautious scenario $3.21, base $4.58, optimistic $5.96 per share (as of Sep 24, 2026, price $8.87). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of ZMPLF?
Zimplats Holdings Limited trades at a price-to-earnings ratio of 5.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $4.58 is built from several models across several years. Other multiples: P/B 0.6, P/S 1.0, EV/EBITDA 2.4.
How solid is the balance sheet of Zimplats Holdings Limited (ZMPLF)?
Balance-sheet figures for Zimplats Holdings Limited (as of Sep 24, 2026): return on equity 9.6%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is ZMPLF from its 52-week high?
Zimplats Holdings Limited trades at $8.87, about 44% below its 52-week high of $15.95 and at the low of $8.87 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of $4.58 is for.
Which stocks are comparable to Zimplats Holdings Limited?
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 Zimplats Holdings Limited stock attractive at the current price?
The data as of Sep 24, 2026: price $8.87, calculated fair value $4.58 (−48%), Quality Score 54/100, from 17 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 ZMPLF calculated?
We run Zimplats Holdings Limited through 17 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 $4.58, 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. Zimplats Holdings 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 Zimplats Holdings Limited (ZMPLF)?
The closing price on Oct 2, 2026 was $8.87. Our model-based fair value is $4.58, about −48% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Zimplats Holdings Limited right now?
The price sits above even our optimistic bull case ($5.96). The favourable scenario is already priced in. Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range ($3.21 to $5.96) leaves room in how you read the outcome.
Where does the earnings growth of Zimplats Holdings Limited (ZMPLF) come from?
Earnings per share at Zimplats Holdings Limited grew +5.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.8 %, EBIT margin +1.7 %, tax rate +0.5 %, residual (interest, one-offs) +0.6 %. 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 Zimplats Holdings Limited
How large is the market capitalisation of Zimplats Holdings Limited (ZMPLF)?
The market capitalisation of Zimplats Holdings Limited is $1.1B. 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 Zimplats Holdings Limited (ZMPLF)?
The price-to-sales ratio of Zimplats Holdings Limited is 0.26 (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 Zimplats Holdings Limited (ZMPLF)?
Earnings per share at Zimplats Holdings Limited are $1.68 (price ÷ EPS = P/E 5.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Zimplats Holdings Limited (ZMPLF)?
The dividend yield of Zimplats Holdings Limited is 6.2% (payout 32.7%). 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 Zimplats Holdings Limited (ZMPLF)?
The net margin of Zimplats Holdings Limited is 4.9% (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 Zimplats Holdings Limited (ZMPLF)?
The return on equity (ROE) of Zimplats Holdings Limited is 9.6% (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 Zimplats Holdings Limited (ZMPLF)?
On an EBIT basis the return on assets of Zimplats Holdings Limited is 16.7% (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 Zimplats Holdings Limited (ZMPLF)?
The operating margin of Zimplats Holdings Limited is 33.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Zimplats Holdings Limited (ZMPLF)?
Revenue at Zimplats Holdings Limited is growing +83.3% versus a year earlier (3y avg −24.2%). 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 Zimplats Holdings Limited (ZMPLF)?
Earnings per share at Zimplats Holdings Limited are growing +33.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Zimplats Holdings Limited (ZMPLF) generate?
The free cash flow of Zimplats Holdings Limited is −$17.4M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Zimplats Holdings Limited (ZMPLF) carry?
The net debt of Zimplats Holdings Limited is $949K (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
Free · no account needed
Watch Zimplats Holdings Limited in the live analysis
One click puts Zimplats Holdings Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Broad data
Sep 24, 2026