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General information

Sector: Basic Materials

The company is not available at Interactive Brokers

South32 Limited (JSE:S32) is a globally diversified mining and metals company. The Company produces bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc at its operations in Australia, Southern Africa, and South America. 

South32 Limited is also the owner of a high-grade zinc, lead and silver development option in North America and has several partnerships with junior explorers with a focus on base metals. 

The Company's purpose is to make a difference by developing natural resources, improving people 2019s lives now and for generations to come and to be trusted by its owners and partners to realise the potential of their resources.



  • Dividend yield for the last twelve months 0.0%
  • Free cash flow yield 2.4% (LTM), projected 2.4%
  • Share price is 42.5% higher than minimum and 29.7% lower than maximum for the last 3 years
  • The company is overvalued by EV / LTM EBITDA multiple compared to target level (6.7x vs
    )
  • The company is overvalued by EV / projected EBITDA multiple compared to target level (17.0x vs
    )
  • Fundamental value created in LTM (estimate)

Key Financials

Share price, ZAR:  (0.0%)41.53
Share price, USD: 2.21
Common stocks: 4 529 255 960

Dividend Yield:  0.0%
FCF Yield LTM / expected: 2.4% / 2.4%
EV / LTM EBITDA: 6.7x
Last revenue growth (y/y):  -29.0%
Last growth of EBITDA (y/y):  -68.7%
Historical revenue growth:  +14.6%
Historical growth of EBITDA:  +77.9%
EV / expected EBITDA:
Target EV / EBITDA (hist percentile):
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 10 027
Net Debt ($m): 482
EV (Enterprise Value): 10 509
EBITDA LTM ($m): 1 574
EV / LTM EBITDA: 6.7x
Price to Book: 1.07x

Revenue and EBITDA

Semi-Annual values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment ZAR per share

Multiple and potential

EV / EBITDA

Potential dynamics

TechCentral Headlines

Mozambique seeks to cut power supply to South Africa

Mozambique plans to end half a century of hydropower supply to Eskom, raising risks for South Africa’s economy.

2024-02-02 11:29 +02:00
by Agency Staff

JSE:S32 JSE:AVI JSE:ARH JSE:ISA

Reuters Headlines

Gold Fields names Mike Fraser as CEO, says not changing strategy

(Reuters) -South Africa`s Gold Fields has appointed Michael Fraser as CEO from January, saying it expects no change in its strategy to find new gold deposits, build mines outside its home country and grow the company in the Americas region.

2023-10-09

JSE:S32 JSE:GFI JSE:SPG

Gold Fields names Mike Fraser as CEO amid Americas growth push

Gold Fields has appointed Michael Fraser as CEO from January to drive the South African miner`s strategy to find new gold deposits outside of its home country and grow the company in the Americas region.

2023-10-09

JSE:S32 JSE:GFI JSE:ANG JSE:SPG

South African miners join race to buy Botswana`s Khoemacau copper mine -sources

At least three South African miners are in the running to buy Botswana`s Khoemacau copper mine that is home to one of Africa`s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset.

2023-09-05

JSE:S32 JSE:IMP JSE:SSW JSE:EXX

S.Africa coal miner Thungela valued at $253 million after Anglo spin-off

JOHANNESBURG (Reuters) -South Africa`s Thungela Resources, newly spun-off from Anglo American, is valued at roughly 3.4 billion rand ($253 million) after listing on the Johannesburg Stock Exchange on Monday in a test of investor appetite for coal miners.

2021-06-07

JSE:BHG JSE:AGL JSE:S32 JSE:AVI JSE:JSE JSE:ISA

South32 expects loss of up to $175 million from S.African coal unit sale

Australian miner South32 Ltd said it was expecting to book a loss of up $175 million from the sale of its South African thermal coal assets, which was finalised with mining group Seriti Resources on Monday.

2021-05-17

JSE:S32 JSE:ARH

South32 to pay clean-up costs to close South African coal unit sale

South32 Ltd will provide up to $250 million in funds to smooth the sale of its South African energy coal business to mining group Seriti Resources, the company said on Thursday.

2021-04-01

JSE:BHG JSE:GLN JSE:AGL JSE:S32 JSE:AVI

South African mines grind to halt as floods deepen power crisis

Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country`s already slowing economy.

2019-12-10

JSE:AGL JSE:AMS JSE:S32 JSE:KIO JSE:GFI JSE:IMP JSE:ANG JSE:AVI JSE:MPT

UPDATE 5-South African mines grind to halt as floods deepen power crisis

* Energy-intensive deep mines forced to halt production (Adds Petra update)

2019-12-10

JSE:AGL JSE:AMS JSE:S32 JSE:KIO JSE:GFI JSE:IMP JSE:ANG JSE:AVI JSE:MPT

Production and reserves

Production

Reserves

More information for subscribed users:
detailed calculation of
Potential and Created Value,
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Releases

2022-07-25
Quarterly Report June 2022
2022-07-12
Notification of securities
2022-07-12
South32 unlocks up to US$200m in value from non-core Royalty Sale
2022-06-28
Daily share buy-back notice
2022-06-27
Daily share buy back notice
2022-06-24
Daily share buy-back notice
2022-06-23
Daily share buy back notice
2022-06-22
Daily share buy-back notice
2022-06-21
Daily share buy back notice
2022-06-20
Daily share buy-back notice
2022-06-17
Daily share buy-back notice
2022-06-17
Daily share buy-back notice
2022-06-15
Daily share buy-back notice
2022-06-01
Daily share buy-back notice
2022-05-31
South32 completes acquisition of additional shareholding in Mozal Aluminium
2022-05-31
Daily share buy-back notice
2022-05-30
Daily share buy-back notice
2022-05-26
Daily share buy-back notice
2022-05-25
Daily share buy-back notice
2022-05-24
Daily share buy-back notice
2022-05-20
Daily share buy-back notice
2022-05-19
Daily share buy-back notice
2022-05-18
Daily Share Buy Back Notice
2022-05-17
Strategy and Business Update
2022-05-17
Daily share buy-back notice
2022-05-16
Daily share buy-back notice
2022-05-13
Daily share buy-back notice
2022-05-11
Daily share buy-back notice
2022-05-10
Daily share buy-back notice
2022-05-09
Daily share buy-back notice
2022-05-06
Daily share buy-back notice
2022-05-05
Daily share buy-back notice
2022-05-04
Daily share buy-back notice
2022-05-03
Daily share buy-back notice
2022-05-03
Daily share buy-back notice
2022-04-29
Daily Share Buy-back notice
2022-04-28
Notification of interests and securities
2022-04-28
Daily Share Buy-Back Notice
2022-04-26
Quarterly Report March 2022
2022-04-14
South32 Closes US$700m of Senior Notes Offering
2022-04-08
South32 Limited Notification of Securities
2022-04-08
South32 Prices US$700m of Senior Notes
2022-03-30
Update on acquisition of additional shareholding in Mozal Aluminium
2022-03-22
Daily share buy-back notice
2022-03-17
Update to notification of dividend
2022-03-17
2022 Interim Dividend Currency Exchange Rates
2022-03-17
Daily share buy-back notice
2022-03-16
Daily share buy-back notice

Documents

SENS Announcements

2024-04-22
Quarterly Report March 2024
2024-03-20
Australia Manganese Update
2024-03-18
Australia Manganese Update
2024-03-14
Update to notification of dividend
2024-03-14
2024 Interim Dividend Currency Exchange Rates
2024-03-01
Currency Conversion to Rand
2024-02-29
Sale of Illawarra Metallurgical Coal
2024-02-15
2024 Half Year Financial Results Presentation
2024-02-15
Final Share Buy-Back Notice (Appendix 3F)
2024-02-15
Notification of dividend (Appendix 3A)
2024-02-15
Financial results for the half year ended 31 December 2023
2024-02-15
Final investment approval to develop Hermosa's Taylor Deposit
2024-02-09
2024 Calendar of Key Dates
2024-01-22
Quarterly Report December 2023
2024-01-12
Notification of Securities
2023-12-05
Notification of securities
2023-11-28
Appendix 3X Initial Diector's Interest Notice
2023-11-28
New South32 Director
2023-10-26
2023 Annual General Meeting - Results of Meeting
2023-10-26
2023 Annual General Meeting 26 October 2023 Chair and CEO Addresses
2023-10-23
Quarterly Report September 2023
2023-10-18
Daily share buy-back notice
2023-10-17
Daily share buy-back notice
2023-10-16
Daily share buy-back notice
2023-10-13
Daily share buy-back notice
2023-10-11
Daily share buy-back notice
2023-10-10
Notification of securities
2023-10-04
Daily share buy-back notice
2023-10-03
Daily share buy-back notice
2023-10-02
Daily share buy-back notice
2023-09-29
Daily share buy-back notice
2023-09-27
Daily share buy-back notice
2023-09-21
Daily share buy-back notice
2023-09-21
2023 Final Dividend Currency Exchange Rates
2023-09-21
Update To Notification Of Dividend
2023-09-20
Daily Share Buy-Back Notice
2023-09-19
Daily share buy-back notice
2023-09-18
Daily share buy-back notice
2023-09-15
Daily share buy-back notice
2023-09-15
Notice of Annual General Meeting
2023-09-13
Daily share buy-back notice
2023-09-11
Currency conversion to Rand
2023-09-08
2023 Annual Report
2023-09-08
Daily share buy-back notice
2023-09-07
Daily share buy-back notice
2023-09-06
Daily buy-back notice
2023-08-31
Daily share buy- back notice
2023-08-29
Notification of Securities
2023-08-25
Change Of Director’s Interest Notice
2023-08-24
2023 Full Year Financial Results Presentation
2023-08-24
Changes Relating To Buy-Back (Appendix 3A)
2023-08-24
Notification Of Dividend (Appendix 3A)
2023-08-24
Financial results for the year ended 30 June 2023
2023-07-24
Quarterly Report June 2023
2023-07-24
Hermosa Project Non-Cash Impairment
2023-07-24
Hermosa Project – Mineral Resource Estimate Update and Exploration Results
2023-07-06
Notification of securities
2023-06-14
Daily share buy-back notice
2023-06-13
Daily share buy-back notice
2023-06-08
Daily share buy-back
2023-06-01
Daily share buy- back notice
2023-05-31
Appendix 3Z Final Director’s Interest Notice
2023-05-30
Daily share buy-back notice
2023-05-26
Hermosa Project Site Tour
2023-05-25
Daily share buy-back notice
2023-05-24
Daily share buy-back notice
2023-05-23
Daily share buy-back notice
2023-05-22
Daily share buy-back notice
2023-05-19
Daily share buy-back notice
2023-05-18
Daily share buy-back notice
2023-05-16
Strategy and business update
2023-05-16
Daily share buy-back notice
2023-05-15
Daily share buy-back notice
2023-05-12
Daily share buy back notice
2023-05-11
Daily share buy-back notice
2023-05-09
Daily share buy-back notice
2023-05-08
Hermosa Project Update
2023-05-05
Daily share buy-back notice
2023-05-04
Daily share buy-back notice
2023-05-03
Daily share buy-back notice
2023-05-02
Daily share buy-back notice
2023-05-02
Daily share buy-back notice
2023-05-02
Initial Director’s Interest Notice
2023-05-02
Initial Director’s Interest Notice
2023-04-28
Daily share buy-back notice
2023-04-28
Daily share buy-back notice
2023-04-24
Quarterly Report March 2023
2023-04-21
Daily share buy-back notice
2023-04-20
Daily share buy-back notice
2023-04-19
Daily share buy-back notice
2023-04-18
Daily share buy-back notice
2023-04-17
Daily share buy-back notice
2023-04-14
Daily share buy-back notice
2023-04-13
South32 Board Changes
2023-04-13
Daily share buy-back notice
2023-04-12
Daily share buy-back notice
2023-04-06
Daily share buy-back notice
2023-04-05
Daily share buy-back notice
2023-04-04
Daily share buy-back notice
2023-04-03
Daily share buy-back notice
2023-03-30
Daily share buy-back notice
2023-03-29
Daily share buy-back notice
2023-03-28
Daily share buy-back notice
2023-03-27
Daily share buy-back notice
2023-03-24
Daily share buy-back notice
2023-03-23
Daily share buy-back notice
2023-03-22
Daily share buy-back notice
2023-03-20
Daily share buy-back notice
2023-03-17
Daily share buy-back notice
2023-03-16
2023 Interim Dividend Currency Exchange Rates
2023-03-16
Update to notification of dividend
2023-03-16
Daily share buy-back notice
2023-03-15
Daily share buy-back notice
2023-03-14
Daily share buy-back notice
2023-03-13
Daily share buy-back notice
2023-03-10
Daily share buy-back notice
2023-03-09
Change of director's interest notice
2023-03-08
Daily share buy-back notice
2023-03-06
Daily share buy-back
2023-03-03
Currency conversion to Rand
2023-03-02
Daily share buy-back notice
2023-03-01
Daily share buy-back notice
2023-02-28
Daily share buy back notice
2023-02-24
Daily share buy-back notice
2023-02-23
Daily share buy back notice
2023-02-22
Daily share buy-back notice
2023-02-21
Daily share buy-back notice
2023-02-16
Notification of a dividend (Appendix 3A)
2023-02-16
2023 Half Year Financial Results Presentation
2023-02-16
Changes relating to the buy back (Appendix 3D)
2023-02-16
Financial Results for the Half Year Ended 31 December 2022
2023-02-16
South32 Lead Team Changes
2023-01-23
Quarterly Report December 2022
2023-01-09
2023 Calendar of Key Dates
2023-01-06
Notification of Securities
2022-12-22
Daily share buy-back notice
2022-12-21
Daily share buy-back notice
2022-12-20
Daily share buy-back notice
2022-12-19
Daily share buy-back
2022-12-14
Notification of securities
2022-12-14
Daily share buy-back notice
2022-12-13
Daily share buy-back notice
2022-12-12
Daily share buy-back notice
2022-12-05
Securities Dealing Policy
2022-12-02
Daily share buy-back notice
2022-11-30
Daily share buy-back notice
2022-11-25
Daily share buy-back
2022-11-23
Daily share buy-back notice
2022-11-22
Daily share buy-back notice
2022-11-21
Daily share buy- back notice
2022-11-17
Daily share buy-back notice
2022-11-11
Daily share buy- back notice
2022-11-10
Daily share buy-back notice
2022-11-09
Daily share buy-back notice
2022-11-04
Daily share buy-back notice
2022-11-02
Daily share buy-back notice
2022-11-01
Daily share buy-back notice
2022-10-31
Notification of securities
2022-10-28
Daily Share Buy-Back Notice
2022-10-27
Results of Annual General Meeting
2022-10-27
2022 Annual General Meeting - Chair and CEO Addresses
2022-10-27
Daily Share Buy-Back Notice
2022-10-26
Daily share buy-back notice
2022-10-24
Quarterly report September 2022
2022-10-21
Daily share buy-back notice
2022-10-20
Daily share buy-back notice
2022-10-19
Daily share buy back notice
2022-10-13
Notification of securities
2022-10-13
Daily share buy-back notice
2022-10-12
Daily share buy-back notice
2022-10-11
Daily share buy-back notice
2022-10-10
Daily share buy-back notice
2022-10-07
Daily share buy back notice
2022-10-05
Daily share buy-back notice
2022-09-30
Daily share buy-back notice
2022-09-29
Daily share buy-back notice
2022-09-28
Daily share buy-back notice
2022-09-23
Daily share buy-back notice
2022-09-21
Update to notification of dividend
2022-09-21
2022 Final and Special Dividend Currency Exchange Rates
2022-09-21
Notice of Annual General Meeting
2022-09-20
Daily share buy-back notice
2022-09-19
Daily share buy-back notice
2022-09-16
Daily share buy-back notice
2022-09-14
Daily share buy-back notice
2022-09-13
Daily share buy-back notice
2022-09-12
Currency conversion to Rand
2022-09-12
Daily share buy-back notice
2022-09-09
2022 Annual Report
2022-09-09
Daily share buy-back notice
2022-09-07
Daily share buy-back notice
2022-09-06
Daily share buy-back notice
2022-09-05
Daily share buy-back notice
2022-09-02
Daily share buy-back notice
2022-09-01
Daily share buy-back notice
2022-08-31
Daily share buy-back notice
2022-08-30
Notification of securities
2022-08-25
2022 Full Year Financial Results Presentation
2022-08-25
Changes Relating To Buy-Back (Appendix 3d)
2022-08-25
Notification of Dividend
2022-08-25
Financial results for the year ended 30 June 2022
2022-08-23
Dendrobium Next Domain Update
2022-07-25
Quarterly Report June 2022
2022-07-12
Notification of securities
2022-07-12
South32 unlocks up to US$200m in value from non-core Royalty Sale
2022-06-29
Daily share buy back notice
2022-06-28
Daily share buy-back notice
2022-06-27
Daily share buy back notice
2022-06-24
Daily share buy-back notice
2022-06-23
Daily share buy back notice
2022-06-22
Daily share buy-back notice
2022-06-21
Daily share buy back notice
2022-06-20
Daily share buy-back notice
2022-06-17
Daily share buy-back notice
2022-06-17
Daily share buy-back notice
2022-06-15
Daily share buy-back notice
2022-06-01
Daily share buy-back notice
2022-05-31
South32 completes acquisition of additional shareholding in Mozal Aluminium
2022-05-31
Daily share buy-back notice
2022-05-30
Daily share buy-back notice
2022-05-26
Daily share buy-back notice
2022-05-25
Daily share buy-back notice
2022-05-24
Daily share buy-back notice
2022-05-20
Daily share buy-back notice
2022-05-19
Daily share buy-back notice
2022-05-18
Daily Share Buy Back Notice
2022-05-17
Strategy and Business Update
2022-05-17
Daily share buy-back notice
2022-05-16
Daily share buy-back notice
2022-05-13
Daily share buy-back notice
2022-05-11
Daily share buy-back notice
2022-05-10
Daily share buy-back notice
2022-05-09
Daily share buy-back notice