Value Investor
Start free

Sibanye Stillwater

SBSW on NYSE. Gold and silver ores. Market value $7.0bn.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to December 2024.

We can't read total debt from the filing, so debt is left out.

Cash flow or capital spending isn't reported, so free cash flow is unknown.

We can't pin down how many shares it has, so we don't rank it.

The latest annual report is over 15 months old, so we don't rank it.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

Nothing stands out yet.

What to watch out for

See Materials stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to December 2024
n/a

We could not compute this from the filings.

Price to profit
annual report to December 2024
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to December 2024
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$10.01 a share, 27% above its 1-year low

Over the past year the price has ranged from $7.87 to $21.29.

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
n/a
n/a
n/a
n/a
20202021202220232024
Revenue
n/an/an/an/an/a
Operating margin
n/an/an/an/an/a
Debt to equity
n/an/an/an/an/a
Shares outstanding
2.92bn2.81bn2.83bn2.83bn2.83bn

Health checks

  • Free cash flow positiveNot enough data
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesYes, 3% fewer since 2020

Dates

Next results (estimated)
n/a
Last annual report (10-K)
24 April 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

None of the long-term investors we follow own it. 256 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

2 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 5 insiders bought $3m of shares on the open market.

  • Menell Richard Peter
    Director
    Bought
    Date
    30 June 2026
    Shares
    15,000
    Price
    $2.19
    Value
    $32,850
  • Keyter Charl
    Chief Financial Officer, Director
    Bought
    Date
    26 June 2026
    Shares
    200,000
    Price
    $2.24
    Value
    $448,000
  • Nkosi Themba George
    Chief People & Culture Officer
    Bought
    Date
    31 March 2026
    Shares
    11,865
    Price
    $2.91
    Value
    $34,527
  • Carter Charles Edward
    Chief Regional Officer: Amer.
    Bought
    Date
    30 March 2026
    Shares
    10,000
    Price
    $11.40
    Value
    $114,000
  • Menell Richard Peter
    Director
    Bought
    Date
    24 March 2026
    Shares
    2,500
    Price
    $11.43
    Value
    $28,575
  • Keyter Charl
    Chief Financial Officer, Director
    Bought
    Date
    23 March 2026
    Shares
    35,000
    Price
    $2.70
    Value
    $94,500
  • Keyter Charl
    Chief Financial Officer, Director
    Bought
    Date
    20 March 2026
    Shares
    148,819
    Price
    $11.63
    Value
    $2m
  • Maphai Thabane Vincent
    Director
    Bought
    Date
    16 March 2026
    Shares
    12,000
    Price
    $13.34
    Value
    $160,080

From Form 4 filings: insiders must report trades in their own company's shares within two days.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
Create a free account to run it

Your first deep dive is free.

What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.