Sibanye Stillwater Ltd (SSW) Fair Value & Analysis
Basic Materials · ZA · Market cap 97.5B ZAC · ISIN ZAE000259701
What is Sibanye Stillwater Ltd really worth?
A solid business, trading 37% below our fair value of R81.73.
Strengths
Risks
Fair value as of: Aug 13, 2026
From 15 valuation models · updated 22 days ago
Fair value updated Aug 13, 2026, revised from R102.80 to R81.73 (−20.5%) since Jul 16, 2026. Share price +27.8% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price is below even our cautious bear case (R64.03). The market is more pessimistic than our downside scenario.
- Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
- A fairly wide model range (R64.03 to R143.19) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range R13.75 – R80.33 · fair‑value band R64.03 – R143.19 · the R51.84 price screens below the R81.73 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Sibanye Stillwater Ltd (SSW) currently trades at R51.84, while our model-based Fair Value estimate is R81.73, implying the stock looks roughly 36.6% undervalued today. The Quality Score stands at 52/100 (solid quality), in the Basic Materials sector. Bull case: the Multiples group reads highest at a median of R113.34 per share, and 10 of the 15 models we run sit above the R51.84 price. Bear case: the Asset-Based group reads lowest at R9.36, and 5 of the 15 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Sibanye Stillwater Ltd generated revenue of 130B ZAR at a net margin of −4.0%. Revenue grew 31.6% year over year. It earns a return on equity of −10.3%. Net debt stands at 27.2B ZAR. Fundamentals as of Aug 13, 2026
Our scenario range runs from R64.03 (bear case) to R143.19 (bull case); at R51.84, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Basic Materials peers we cover trades at −50% fair-value upside, at 58%, SSW screens cheaper than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 15 models by family
Widest divergence: Multiples (R113.34) versus Dividend Discount (R1.72). Highest evidence: EPV (74).
Notify me when SSW reaches fair value
Put SSW on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 50 · Market factors (momentum, volatility) 49
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; lithium; zinc; nickel; and silver, cobalt, and copper.
Full company description
Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; lithium; zinc; nickel; and silver, cobalt, and copper. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevredenpark, South Africa.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Sibanye Stillwater Ltd reported revenue of 130B ZAR in FY2025 versus 172B ZAR in FY2021, a compound −6.8%/yr. Reported net income was −5.2B ZAR in FY2025.
Watch SSW: get an alert when its fair value changes →
Peer Group
Other Precious Metals & Mining · 103 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Other Precious Metals & Mining median · lower = cheaper
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Other Precious Metals & Mining stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| PT Amman Mineral Internasional Tbk AMMN | 4,480 IDR | 1,021 IDR | −77% |
| Hecla Mining Company HL | $21.43 | $8.14 | −62% |
| Compañía de Minas Buenaventura S.A. BVN | $35.12 | $29.53 | −16% |
| China Gold International Resources Corp CGG | C$46.69 | C$25.63 | −45% |
| Artemis Gold Inc ARTG | C$43.62 | C$21.85 | −50% |
| Triple Flag Precious Metals Corp TFPM | $32.25 | $16.03 | −50% |
| PT Merdeka Battery Materials Tbk. MBMA | 545.00 IDR | 82.43 IDR | −85% |
| Perpetua Resources Corp PPTA | C$34.90 | C$5.80 | −83% |
| Zhaojin International Gold Co 000506 | ¥19.06 | ¥2.84 | −85% |
| Sino-Platinum Metals Co 600459 | ¥21.30 | ¥13.23 | −38% |
Compare Sibanye Stillwater Ltd with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Sibanye Stillwater Ltd (SSW) overvalued or undervalued?
What is the fair value of SSW?
What is the quality score of SSW?
What is the revenue of Sibanye Stillwater Ltd (SSW)?
What is the net profit margin of SSW?
Does Sibanye Stillwater Ltd pay a dividend?
Watch Sibanye Stillwater Ltd in the live analysis
One click puts Sibanye Stillwater Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.