Sibanye Stillwater Ltd
Sibanye Stillwater Ltd (SBSW) is listed on NYSE and classified in Other Precious Metals & Mining, part of the Basic Materials sector. It is headquartered in Weltevredenpark, South Africa. The company is worth $6.74B and trades at 8.2x its earnings of the last twelve months; the median for its sector is 19.1x. Revenue was ZAR 129.68B in fiscal 2025, up 15.6% from the year before. It reported a net loss of ZAR 5.17B. The share price is 56.2% below its 52-week high of $21.29. It pays a dividend yielding 8.69%. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Two Sigma (Two Sigma Investments), at $61.75M. In that quarter, 5 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Revenue, debt and profit are in ZAR, the currency the company reports in — not converted to dollars. Dividends are in dollars.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -18.7% over 5Y.
today you would have $853.18▼ -14.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $14.25 | $3.30 | $5.43 | $10.66 | |
| EPS | -ZAR 7.32 | — | -ZAR 53.36 | ZAR 26.00 | |
| Dividend yield | — | — | — | 6.96% | 7.68% |
| Profit margin | -5.25% | -3.99% | -6.51% | -33.23% | 13.30% |
| ROE | -14.84% | -13.08% | -16.59% |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 0.0% a year plus a 8.7% dividend yield. Growth capped at 25%.
Median P/E of 19.1 among peers in the sector.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Basic Materials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| MPMP Materials Corp. | $38.56 | — | 3.5x | 0.00% | -3.58% | $6.87B |
| AUGOAura Minerals Inc. | $78.55 | 22.2x | 14.4x | 3.36% | 100.16% | $6.59B |
| BTGB2gold Corp | $4.87 | 8.9x | 1.6x | 1.64% | 22.64% | $6.43B |
| BVNBuenaventura Mining Co Inc | $28.49 |
| -77.51% |
| 20.88% |
This company reports in ZAR, and the stock trades in dollars. P/E, P/S, P/B and payout would divide dollars by ZAR, so they are not shown; EPS is in ZAR. Margin, ROE and dividend yield do not depend on the currency.
Median of the years shown; P/E years above 200x are left out.
Dividend growing 0.0% a year against a 8.6% required return, from the stock’s beta.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
4 methods answered, across 2 families.
Room for errors in the reported numbers.
-6.0% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 6.5x |
| 1.7x |
| 4.00% |
| 27.82% |
| $7.24B |
| OROR Royalties Inc. | $33.33 | 23.0x | 4.2x | 0.78% | 20.41% | $6.25B |
| CLFCleveland-cliffs Inc | $13.05 | — | 1.3x | 0.00% | -7.26% | $7.45B |