Sibanye Gold Ltd ADR logo

Sibanye Gold Ltd ADR(SBSW)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL
1-STAR RATING
PASS
LAST CLOSE
$9.89
11/09/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • BUY Advisory
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  • Profit
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for SBSW

11/09/2026: SBSW (1-star) is currently NOT-A-BUY. Pass it for now.

Sibanye-Stillwater is a multinational mining company with a significant footprint in platinum group metals (PGMs) and gold, alongside a developing interest in battery minerals. The firm has successfully transitioned from a regional operator to a global player through strategic M&A, though it now faces challenges from volatile PGM prices and rising operational costs in South Africa. Its primary long-term growth story centers on integrating recycling and lithium projects into its portfolio. Investors should monitor risks related to regional energy infrastructure, labor stability, and commodity price cycles. The stock generally suits investors seeking commodity exposure who can tolerate high volatility and cyclical performance patterns.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitLong-term growth is tied to complex green-energy metal projects rather than steady-state expansion.
Momentum investorMixed fitMomentum is highly conditional on short-term price spikes in PGM and gold markets.
Value investorStrong fitCurrent market valuations often reflect deep discounts due to cyclical commodity downturns.
Dividend investorWeak fitThe variable dividend policy makes income unpredictable and subject to commodity price volatility.
Low-risk investorWeak fitHigh operational leverage and geopolitical exposure create substantial volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityHighEarnings are directly correlated to fluctuating global PGM and gold prices.
Valuation riskMediumValuations are highly susceptible to market sentiment regarding mining jurisdiction stability.
Competition risk (Precious Metals)Medium / highSignificant competition exists for cost-efficiency and asset acquisition.
Business qualityMediumAssets are long-lived but require significant, ongoing capital expenditure.
Dividend incomeMedium / highDividends are variable and not guaranteed during low-margin cycles.
Execution riskHighIntegrating diverse operations and developing battery metal projects carries significant risk.

Price Behavior

Steep Decline
PRICE PATH

Steep Decline

The stock price has dropped sharply with strong downward pressure.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit -13.66%
Avg. Invested days 26
Today’s Advisory PASS
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/09/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
SBSW receives a 4-star rating, supported by solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

★★★★★
SBSW has solid overall fundamentals (4 stars), with solid financial health, solid growth momentum, and moderate ownership. In FY2025 versus FY2024, solid earnings growth (+29.1%) and solid revenue growth (+15.6%) are partially offset by soft cash generation (FCF margin 1.3%), weak profitability (net margin -4.0%), very low insider ownership of 0.11%.

Financial Health Rating

★★★★★
SBSW's financial health is supported by solid cash strength, including free-cash-flow generation of $1.7B (1.3% of revenue). Profitability is moderate (3 stars), which helps explain the 4-star overall score.

Growth Momentum Score

★★★★★
Free-cash-flow growth is SBSW's strongest growth driver at +114.9% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+15.6%, solid) and earnings growth (+29.1%, solid) are also constructive, though not equally high across every growth measure.

Ownership

★★★★★
Institutional ownership is 21.0% (moderate) and 199.2% of outstanding shares are publicly tradable (strong). Insider ownership is only 0.11%, which materially reduces the ownership score.

Top 5 Institutional Investors

Exor Investments (UK) LLP 2.70%
Two Sigma Investments LLC 1.03%
Arrowstreet Capital Limited Partnership 0.86%
Bridgewater Associates Inc 0.80%
UBS Group AG 0.76%

Unit Economics (Per $1K Revenue)

★★★★★
SBSW generates approximately $318 of gross profit, $302 of operating income, and $13 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Moderate margins and weak cash conversion support a 3-star rating, while capital efficiency is strong.

Economic Dimensions

★★★★★
Effective Tax Rate: -1,053.04% (Tax Credit)

Quantitative Style Profile

★★★★★
SBSW has a high-quality, liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedQuality TiltSmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Mid-Cap Stock
Market Capitalization 6.87B USD
Price to earnings Ratio 7.98
1Y Target Price 13.36
Price to earnings Ratio 7.98
1Y Target Price 13.36
Volume (30-day avg) 4.9M shares
Beta 0.96
52 Weeks Range 7.54 - 19.86
Updated Date 11/08/2026
52 Weeks Range 7.54 - 19.86
Updated Date 11/08/2026
Dividends yield (FY) 8.52%
Basic EPS (TTM) 1.19

How Company Makes Money

Business areaWhat it includesRetail investor read
PGM Operations (SA & US)Extraction and refining of platinum, palladium, and rhodium for auto and industrial use.The primary revenue driver, sensitive to automobile production and industrial demand.
Gold OperationsUnderground gold mining in South Africa.Acts as a hedge against currency and economic uncertainty, with production costs influenced by labor and energy.
Battery Metals & RecyclingRecycling of spent catalysts and development of lithium and nickel assets.A future-focused segment aimed at long-term participation in the green energy transition.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE 7.98
Forward PE 2.53
Enterprise Value 7.52B
Price to Sales(TTM) 0.04
Enterprise Value 7.52B
Price to Sales(TTM) 0.04
Enterprise Value to Revenue 0.75
Enterprise Value to EBITDA 3.92
Shares Outstanding 707.64M
Shares Floating 1.41B
Shares Outstanding 707.64M
Shares Floating 1.41B
Percent Insiders 0.11
Percent Institutions 20.96

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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