IMPALA PLATINUM HOLDINGS LIMITED Financials Impala Platinum Holdings Limited
Equities
IMP
ZAE000083648
Non-Gold Precious Metals & Minerals
|
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 87.75 ZAR | -2.80% |
|
-8.79% | -3.86% |
| May. 29 | European Midday Briefing : Mood Sours as Fed Rate-Cut Bets Curtailed | DJ |
| Apr. 26 | Impala Platinum Could Shed Close to 4,000 Jobs After Price Rout -- Update | DJ |
Valuation
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 50,118 | 90,805 | 183,621 | 153,344 | 108,195 | 78,972 | - | - |
| Enterprise Value (EV) 1 | 50,438 | 86,332 | 160,148 | 128,046 | 83,965 | 69,194 | 63,641 | 56,600 |
| P/E ratio | 34.4 x | 6.07 x | 3.95 x | 4.72 x | 21.7 x | 23.1 x | 9.2 x | 7.97 x |
| Yield | - | 4.53% | 9.34% | 8.69% | 4.67% | 1.91% | 3.66% | 4.73% |
| Capitalization / Revenue | 1.03 x | 1.3 x | 1.42 x | 1.3 x | 1.02 x | 0.9 x | 0.72 x | 0.68 x |
| EV / Revenue | 1.04 x | 1.24 x | 1.24 x | 1.08 x | 0.79 x | 0.79 x | 0.58 x | 0.49 x |
| EV / EBITDA | 4.8 x | 2.94 x | 2.61 x | 2.4 x | 2.33 x | 4.93 x | 2.83 x | 2.38 x |
| EV / FCF | 6.55 x | 6 x | 4.18 x | 4.44 x | 6.88 x | -50.7 x | 5.56 x | 4.06 x |
| FCF Yield | 15.3% | 16.7% | 23.9% | 22.5% | 14.5% | -1.97% | 18% | 24.7% |
| Price to Book | 1.28 x | 1.45 x | 2.1 x | 1.34 x | 0.94 x | 0.7 x | 0.65 x | 0.61 x |
| Nbr of stocks (in thousands) | 718,544 | 782,800 | 779,740 | 846,549 | 863,352 | 899,970 | - | - |
| Reference price 2 | 69.75 | 116.0 | 235.5 | 181.1 | 125.3 | 87.75 | 87.75 | 87.75 |
| Announcement Date | 9/5/19 | 9/3/20 | 9/2/21 | 9/1/22 | 8/30/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: June | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 48,629 | 69,851 | 129,575 | 118,332 | 106,594 | 87,927 | 109,029 | 116,141 |
| EBITDA 1 | 10,500 | 29,386 | 61,442 | 53,375 | 36,002 | 14,031 | 22,482 | 23,742 |
| EBIT 1 | 7,012 | 24,848 | 55,967 | 47,554 | 28,266 | 5,341 | 13,628 | 14,601 |
| Operating Margin | 14.42% | 35.57% | 43.19% | 40.19% | 26.52% | 6.07% | 12.5% | 12.57% |
| Earnings before Tax (EBT) 1 | 3,299 | 23,030 | 67,920 | 45,239 | 9,787 | 5,007 | 13,328 | 15,604 |
| Net income 1 | 1,179 | 16,055 | 47,032 | 32,049 | 4,905 | 3,399 | 8,593 | 9,912 |
| Net margin | 2.42% | 22.98% | 36.3% | 27.08% | 4.6% | 3.87% | 7.88% | 8.53% |
| EPS 2 | 2.030 | 19.11 | 59.57 | 38.40 | 5.770 | 3.802 | 9.543 | 11.01 |
| Free Cash Flow 1 | 7,700 | 14,400 | 38,304 | 28,840 | 12,213 | -1,366 | 11,446 | 13,955 |
| FCF margin | 15.83% | 20.62% | 29.56% | 24.37% | 11.46% | -1.55% | 10.5% | 12.02% |
| FCF Conversion (EBITDA) | 73.33% | 49% | 62.34% | 54.03% | 33.92% | - | 50.91% | 58.78% |
| FCF Conversion (Net income) | 653.1% | 89.69% | 81.44% | 89.99% | 248.99% | - | 133.21% | 140.79% |
| Dividend per Share 2 | - | 5.250 | 22.00 | 15.75 | 5.850 | 1.672 | 3.211 | 4.153 |
| Announcement Date | 9/5/19 | 9/3/20 | 9/2/21 | 9/1/22 | 8/30/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: Juni | 2020 S1 | 2020 S2 | 2021 S1 | 2022 S1 | 2022 S2 | 2023 S1 | 2024 S1 |
|---|---|---|---|---|---|---|---|
| Net sales | - | 41,832 | - | - | 62,712 | 57,797 | - |
| EBITDA 1 | 7,162 | 21,786 | 25,064 | - | - | 24,506 | 8,435 |
| EBIT | 5,155 | - | 21,270 | - | 26,396 | - | - |
| Operating Margin | - | - | - | - | 42.09% | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - |
| Net income | - | - | - | 13,838 | - | 13,973 | - |
| Net margin | - | - | - | - | - | 24.18% | - |
| EPS | - | - | - | 16.88 | - | 16.48 | - |
| Dividend per Share 2 | - | - | 10.00 | - | - | 4.200 | - |
| Announcement Date | 2/27/20 | 9/3/20 | 2/25/21 | 3/1/22 | 9/1/22 | 3/2/23 | 2/29/24 |
1ZAR in Million2ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: Juni | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 320 | - | - | - | - | - | - | - |
| Net Cash position 1 | - | 4,473 | 23,473 | 25,298 | 24,230 | 9,778 | 15,331 | 22,373 |
| Leverage (Debt/EBITDA) | 0.0305 x | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 7,700 | 14,400 | 38,304 | 28,840 | 12,213 | -1,366 | 11,446 | 13,955 |
| ROE (net income / shareholders' equity) | 7.96% | 31.8% | 62.8% | 31.6% | 4.27% | 3.61% | 7.45% | 8.89% |
| ROA (Net income/ Total Assets) | 4.56% | 19.7% | 42.3% | - | 3.01% | 1.22% | 6.35% | 6.86% |
| Assets 1 | 25,831 | 81,404 | 111,165 | - | 162,735 | 277,823 | 135,221 | 144,477 |
| Book Value Per Share 2 | 54.50 | 79.90 | 112.0 | 136.0 | 133.0 | 126.0 | 135.0 | 144.0 |
| Cash Flow per Share 2 | 13.50 | 22.00 | 53.00 | 41.90 | 27.60 | 20.70 | 17.80 | 22.30 |
| Capex 1 | 3,786 | 4,488 | 6,437 | 9,081 | 11,356 | 12,169 | 10,336 | 8,531 |
| Capex / Sales | 7.79% | 6.43% | 4.97% | 7.67% | 10.65% | 13.84% | 9.48% | 7.35% |
| Announcement Date | 9/5/19 | 9/3/20 | 9/2/21 | 9/1/22 | 8/30/23 | - | - | - |
1ZAR in Million2ZAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
8
Last Close Price
87.75
ZAR
Average target price
106.8
ZAR
Spread / Average Target
+21.65%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| -3.86% | 4.18B | |
| -14.58% | 3.19B | |
| +1.81% | 1.53B | |
| +26.12% | 1.17B | |
| +82.85% | 881M | |
| +15.83% | 802M | |
| +34.14% | 670M | |
| -38.77% | 456M | |
| -.--% | 155M | |
| +85.37% | 138M |
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- Financials Impala Platinum Holdings Limited
