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South African miner of gold and platinum-group metals (PGMs), including US operations mining palladium and platinum.
South African miner of gold and platinum-group metals (PGMs), including US operations mining palladium and platinum.
Sells its metals to refiners and to makers of catalytic converters, the emission-control parts in cars, at market prices, so results follow metal prices and output. South African operations carry most of its production; deep, labour-intensive mines mean wages, power supply and safety stoppages weigh on costs. A US plant that recycles used converters also supplies metals.
Moat: none (scale). Commodity gold/PGM producer; no pricing power over the metals it mines.
Headquarters: Westonaria, South Africa · Founded: 2013 · Employees: 72,423
Size Sibanye Stillwater Limited Sponsored ADR (SBSW) is a United States Materials company (Precious Metals) with a market value of $6.30B, the 1028th largest of 3,117 United States companies the cockpit tracks. Shares closed at $9.50 on 6 Nov 2026.
Performance Over six months the shares fell 28.7%, against +0.4% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 59.2% over the last twelve months (peer median +62.5%); the operating margin is 25.8% (peer median 45.9%).
Valuation It trades at 5.9× forward earnings against a peer median of 12.6× (cheapest of 21).
Capital Return on invested capital runs 33.6 points above its cost of capital (7.5% WACC).
Credit Sibanye Stillwater Limited Sponsored ADR has 1 bond outstanding ($500M), rated BB by the agencies and trading like B+ at a weighted spread of 274 bp.
Short interest Short interest is 1.4% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $9.79B | $7.25B | $6.12B | $6.16B | $8.45B |
| Revenue growth | — | +19% | -1% | -27% | — |
| Gross profit | $2.87B | $1.73B | $323M | $703M | $2.20B |
| EBITDA | $3.14B | $1.98B | $682M | $1.02B | $2.51B |
| Net income | $990M | -$289M | -$398M | -$2.05B | $1.12B |
| Free cash flow | $845M | $102M | -$594M | -$517M | $590M |
| Capital expenditure | $1.16B | $1.14B | $1.18B | $1.21B | $971M |
| Total debt | n/a | $2.65B | $2.23B | $2.03B | $1.35B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sibanye Stillwater Limited Sponsored ADR SBSW | $6.30B | -29% | +59% | 26% | 5.9× | n/a |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% |
| Gold Fields Limited Sponsored ADR GFI | $31.5B | -13% | +71% | 53% | 9.2× | -14.1% |
| Anglogold Ashanti AU | $47.0B | -13% | +139% | 51% | 11.7× | -7.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SBSW | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.1% | -0.3% | 7th lowest of 21 |
| 6-month return | -28.7% | +0.4% | 4th lowest of 21 |
| Distance from 52-week high | -55.4% | -23.9% | 2nd lowest of 21 |
| Revenue growth (TTM) | +59.2% | +62.5% | 10th lowest of 20 |
| Operating margin | 25.8% | 45.9% | 2nd lowest of 20 |
| Forward P/E | 5.9× | 12.6× | cheapest of 21 |
| ROIC minus cost of capital | +33.6 pp | +15.1 pp | 4th highest of 21 |
| EV / EBITDA | 2.4× | 7.9× | cheapest of 18 |
| Net debt / EBITDA | 0.3× | -0.4× | 4th most indebted of 18 |
| Bond spread | 274 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sibanye Stillwater Limited Sponsored ADR SBSW | United States | $6.30B | -29% | +59% | 26% | 5.9× | n/a | n/a |
| OceanaGold OGC.TO | Canada | $6.27B | -5% | +56% | 44% | 7.1× | -5.4% | +29.2% |
| Triple Flag Precious Metals TFPM.TO | Canada | $6.54B | +1% | +45% | 63% | 24.7× | n/a | n/a |
| Artemis Gold ARTG.V | Canada | $6.76B | +18% | +148% | 71% | 11.3× | 6.6% | n/a |
| OR Royalties OR.TO | Canada | $6.81B | 0% | +68% | 77% | 29.5× | n/a | n/a |
| Perseus Mining PRU.AX | Australia | $5.77B | +11% | +13% | 48% | 11.8× | -1.1% | +26.4% |
| Genesis Minerals GMD.AX | Australia | $5.73B | +6% | +89% | 45% | 15.1× | 7.2% | +182.9% |
| SSR Mining SSRM | United States | $5.66B | -17% | +39% | 42% | 8.1× | n/a | n/a |
| B2Gold BTO.TO | Canada | $7.19B | +13% | +72% | 46% | 6.1× | -7.0% | +12.3% |
| Compania de Minas Buenaventura SAA Sponsored ADR BVN | United States | $7.25B | -21% | +64% | 45% | 6.5× | -14.1% | +20.7% |
| First Majestic Silver AG.TO | Canada | $7.52B | -27% | +96% | 44% | 18.1× | 9.2% | +29.2% |
| Greatland Resources GGP.AX | Australia | $5.11B | -31% | +118% | 52% | 13.4× | -3.1% | n/a |
| JCHX MINING MANAGEMENT 603979.SS | China | $5.09B | -12% | +23% | 28% | 9.9× | -7.7% | +29.3% |
| Zhaojin Mining Industry 1818.HK | Hong Kong | $7.87B | -42% | +49% | 34% | 17.0× | -2.5% | +17.9% |
| Torex Resources TXR.TO | Canada | $5.02B | +16% | +76% | 46% | 7.1× | -3.9% | +11.5% |
| K92 Mining KNT.TO | Canada | $4.86B | +10% | +62% | 68% | 11.0× | 0.7% | +31.3% |
| Montage Gold MAU.TO | Canada | $4.79B | +17% | n/a | n/a | 18.4× | n/a | n/a |
| Ramelius Resources RMS.AX | Australia | $4.78B | +3% | -14% | 42% | 19.0× | 13.7% | +10.3% |
| Hunan Gold 002155.SZ | China | $4.72B | -33% | +1% | 4% | 15.3× | 11.1% | +27.4% |
| DPM Metals DPM.TO | Canada | $8.61B | +18% | +96% | 55% | 10.1× | 5.1% | +8.6% |
| Capricorn Metals CMM.AX | Australia | $4.42B | -1% | +45% | 58% | 17.6× | 12.7% | +33.9% |
Sibanye Stillwater Limited Sponsored ADR has 1 bond outstanding with $500M face value. The agencies rate it BB; its bonds trade like B+. Weighted yield 7.38%, a spread of 274 bp over government bonds.