Extracts and processes gold from various mining operations. Produces platinum group metals (PGMs) including platinum, palladium, and rhodium. Now — the numbers.
Revenue is spread across several lines; no single product carries the company.
The company closed last year at a loss: costs ran above sales. The picture changes only if spending is reined in.
An average decline of 7% a year over the last 4 years — the most striking risk in this picture. Red columns mark years that ended in a loss.
At this burn rate the cash pile isn’t the pressing question — for now, time is on the company’s side.
angles, checked one by one.
The 4 that stand out are on screen; the rest came back neutral.
The council scores out of 10; report-card grades are out of 100.
Revenue Growth: Sales are going backwards, not just slowing.
The stock trades 41% below its peak. The market has trimmed its expectations for the company.
The company sells $8.0B a year; the problem isn’t sales — it’s costs running above that number.
Over the last 12 months, company executives reported 10 buys and 2 sells. Management buying with its own money is usually read as a good sign.
It pays out $0.31 per share each year — regular cash for whoever holds the stock.
A loss of $320.6M against $8.0B in annual sales.
Since the drop from its peak, buyer appetite hasn’t come back. Council score: 3/10.
Sales are going backwards, not just slowing. Council score: 4/10.
Against everything we grade, SBSW lands somewhere in the middle. The grade moves as the numbers move.
The takeaway: SBSW’s sales are going backwards, and it closed last year at a loss. The road back runs through both.