Sibanye Stillwater Limited (SBSW) is a publicly traded company in the Basic Materials — Other Precious Metals industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Sibanye Stillwater Limited, along with its various subsidiaries, functions as a prominent precious metals mining entity with operations spanning South Africa, the United States, Zimbabwe, Canada, and Argentina. The company's primary outputs encompass gold and Platinum Group Metals (PGMs) – specifically palladium, platinum, and rhodium – alongside secondary commodities such as iridium, ruthenium, nickel, copper, and chrome.
Is Sibanye Stillwater Limited stock overvalued or undervalued in 2026?
As of October 5, 2026, Sibanye Stillwater Limited (SBSW) trades at 7.3× earnings (P/E), against a median of 19.4× across the 146 materials companies above $2bn in Kaplio's universe. No valuation verdict: it is a cyclical and today's P/E (7.3) does not tell whether it is cheap.
Kaplio overview: Sibanye Stillwater Limited
Market cap $7B · 52 weeks $8 – $21 (51 % below the high) · P/E 7.3× · 2027 expected P/E 4.4× · Dividend 8.0 % · Next earnings March 3, 2027 · expected EPS $0.80 · Price as of Oct 5 · accounts published Sep 1.
- Valuation: P/E 7.3× (no verdict).
- Business: ROIC 20 % (solid).
- Balance sheet: Net debt/EBITDA 1.4× (solid).
- Earnings: 6 of 8 (on track).
What would it be worth at its usual multiples?
No valuation verdict: it is a cyclical and today's P/E (7.3) does not tell whether it is cheap.
In cyclicals the P/E misleads: today's earnings are not the normal ones.
What matters in materials: 5 of 8 pass
- FCF yield 1.5 %, fails.
- Capex / D&A 2.0×, fails.
- P/B across cycles 2.2×, borderline.
- Gross margin 31.8 %, passes, near the threshold.
- Net debt / EBITDA (trough) 1.4×, passes.
- Dividend coverage 6.0×, passes.
- Altman Z-Score 2.7, passes.
- Cycle-adjusted EV/EBITDA 2.5×, passes.
Against its peers (reference peers) — Sibanye Stillwater Limited: P/E 7.3×; EV/EBITDA 2.5×; ROIC 19.6 %; $7.0B. Hecla Mining Company (P/E 34.4×; EV/EBITDA 18.3×; ROIC 10.8 %; $11.4B), B2Gold Corp. (P/E 8.9×; EV/EBITDA 4.3×; ROIC 12.7 %; $7.0B), ICL Group Ltd (P/E 20.9×; EV/EBITDA 7.3×; ROIC 4.4 %; $6.5B).
Expensive or cheap against its last ten years?
P/E at each close: today 7.3× · median 5.6× · minimum 1.2× · maximum 79.2× · cheap below 2.3× · expensive above 26.7×. It has been cheaper than today 63% of the time over its last ten years.
Dividend
fragile · Yield 7.99 % (0.40 ZAR per share in 2025) · Years raising it 1 · 5-year growth -31 % a year · Free cash flow coverage -4.3× · With $1,000 invested today you'd collect $79.90 a year ($6.66 a month).
Profitability
| Return on Equity | 34.68% |
| Return on Invested Capital | 19.57% |
| Return on Assets | 10.14% |
| Gross Margin | 29.19% |
| Operating Margin | 25.32% |
| Net Margin | 9.80% |
Financial Health
| Debt / Equity | 0.70 |
| Current Ratio | 2.72 |
| Piotroski F-Score | 6 |
| Altman Z-Score | 2.71 |
Price Performance
| 1 month | -21.66% |
| 3 months | +21.16% |
| Year-to-date | -29.68% |
| 1 year | -11.41% |
| 3 years | +85.56% |
| 5 years | -24.60% |
Dividend History
Paid in the last 12 months: $0.8043 per share in 2 payments.
| Date | Amount |
|---|---|
| 2026-09-18 | $0.4933 |
| 2026-03-20 | $0.3109 |
| 2023-09-21 | $0.1112 |
| 2023-03-23 | $0.2675 |
| 2022-09-15 | $0.3246 |
| 2022-03-24 | $0.4936 |
| 2021-09-16 | $0.8075 |
| 2021-03-18 | $0.8660 |
| 2020-09-17 | $0.1188 |
| 2017-04-05 | $0.1824 |
Amounts adjusted for stock splits.
Related companies: AA · BTG · EGO · EQX · EXP · HL · IAG
Explore sector: Basic Materials · Other Precious Metals
More sections of SBSW: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
Discover more: Weekly Radar: the S&P 500 through the Buffett and Lynch methods · Investment Academy — learn to analyze stocks