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What this page is: Delvantic's full research page for Sibanye Stillwater Ltd - (SBSW) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
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profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
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any ticker resolves at delvantic.com/stock/TICKER ·
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Sibanye Stillwater Ltd -
SBSW NYSE
Basic Materials · Other Precious Metals & Mining
Weltevredenpark, 1709, South Africa
sibanyestillwater.com
Price
$10.48
Market Cap
$7.6B
Employees
57,857
Beta
0.92
Avg Volume
4,909,973
Last Dividend
$0.33
CEO
Dr. Richard Andrew Stewart B.Sc., BSc (Hons), M.B.A., Ph.D., Pr.Sci.Nat.
Sibanye Stillwater Ltd - American Depositary Receipt (ADR) represents shares in Sibanye Stillwater Ltd, a prominent multinational precious metals mining company. Renowned for its diversified portfolio, the company specializes in the mining of platinum group metals (PGMs) and gold. Its primary operations are based in South Africa, with significant assets in the United States, particularly in Montana's Stillwater and East Boulder mining complexes. The ADR allows U.S. investors to gain exposure to the company's global mining operations without dealing directly with the complexities of foreign markets. Sibanye Stillwater is notable for its expertise in PGM operations, impacting sectors from automotive, where PGMs are crucial for catalytic converters, to electronics and jewelry. The company plays a vital role in the global supply chain of these precious metals. By offering an ADR, Sibanye Stillwater makes its stock accessible to a broader investor base, facilitating trading on U.S. exchanges while reflecting the company's international market significance and contribution to global metal supply resilience. Its strategic presence in essential metal markets underscores its importance in sustaining industry demands and advancing technological developments.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14EPS surprise history — vs analyst consensus · 4 prints of vendor history
+91.9%
Sep '25
+15.0%
Nov '25
+6.7%
May '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| May 6, 2026 | $2.55 | $2.72 +6.7% | — | — |
| Nov 7, 2025 | $0.60 | $0.69 +15.0% | — | — |
| Sep 23, 2025 | $1.23 | $2.36 +91.9% | — | — |
| Feb 27, 2023 | — | $0.40 | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Jul 30, 2026 | SCHEDULE 13G | View |
| Jul 22, 2026 | 6-K | View |
| Jul 1, 2026 | 6-K | View |
| Jul 1, 2026 | 6-K | View |
| Jul 1, 2026 | 4 | View |
| Jun 30, 2026 | 4 | View |
| Jun 30, 2026 | 6-K | View |
| Jun 23, 2026 | 6-K | View |
| Jun 10, 2026 | 6-K | View |
| Jun 3, 2026 | 6-K | View |
| Jun 2, 2026 | 6-K | View |
| May 29, 2026 | 6-K | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 9:12am (just now)
Current data · timestamped when a report runs
$10.48
Change · Aug 14
-0.23 (-2.15%)
Day Range
$10.43 – $10.67
52-Week Range
$7.10 – $21.29
50-Day MA
$9.25
200-Day MA
$12.60
Volume
4,437,405.00
Share Structure
Outstanding
2,830,567,264.00
Float
1,302,032,636.00
Free Float
46.0%
Moderate free float
— 46.0% of shares trade freely, ~54% held by insiders/institutions
Reasonable but insiders still hold a significant stake. This can be positive (skin in the game) but may limit liquidity during sell-offs.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Why there are no quarterly figures for Sibanye Stillwater Ltd -
This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
-65.76
Stock Price: $10.48
EPS (Diluted): -0.16
EPS (Diluted): -0.16
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
9.94
Stock Price: $10.48
Total Equity: $2.98B
Shares: 2,830,567,000
Total Equity: $2.98B
Shares: 2,830,567,000
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
—
Market Cap: $7.58B
Total Debt: $2.58B
Cash: $991.41M
EBITDA: N/A
Total Debt: $2.58B
Cash: $991.41M
EBITDA: N/A
EBITDA not available
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$31.2B
Market Cap: $7.58B
Total Debt: $2.58B
Cash: $991.41M
Total Debt: $2.58B
Cash: $991.41M
P/S Ratio (Price per dollar of revenue)
HEXStock Price / Revenue Per Share
4.28
Stock Price: $10.48
Revenue: $6.93B
Shares: 2,830,567,000
Revenue: $6.93B
Shares: 2,830,567,000
EV/Sales (Total value vs revenue — works when P/E can't)
CALC4.51
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
6.2%
Gross Profit: $427.54M
Revenue: $6.93B
Revenue: $6.93B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
—
Operating Income: N/A
Revenue: $6.93B
Revenue: $6.93B
Missing from API: Operating Income
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
-6.5%
Net Income: -$450.76M
Revenue: $6.93B
Revenue: $6.93B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
-15.1%
Net Income: -$450.76M
Total Equity: $2.98B
Total Equity: $2.98B
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
—
Operating Income: N/A
Tax Rate: -35.5%
Equity: $2.98B
Total Debt: $2.58B
Cash: $991.41M
Tax Rate: -35.5%
Equity: $2.98B
Total Debt: $2.58B
Cash: $991.41M
Missing from API: Operating Income
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
2.32
Current Assets: $2.99B
Current Liabilities: $1.29B
Current Liabilities: $1.29B
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.86
Short-Term Debt: $34.10M
Long-Term Debt: $2.54B
Total Debt: $2.58B
Total Equity: $2.98B
Long-Term Debt: $2.54B
Total Debt: $2.58B
Total Equity: $2.98B
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$2.45
Revenue: $6.93B
Shares: 2,830,567,000
Shares: 2,830,567,000
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$1.05
Total Equity: $2.98B
Shares: 2,830,567,000
Shares: 2,830,567,000
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$-0.25
Operating CF: $624.72M
CapEx: -$1.33B
Shares: 2,830,567,000
CapEx: -$1.33B
Shares: 2,830,567,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
3.1%
Last Dividend: $0.33
Stock Price: $10.48
Stock Price: $10.48
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
-2.4%
Dividends Paid: -$10.69M
Net Income: -$450.76M
Net Income: -$450.76M
Income Statement (Annual)
Last updated: Aug 14, 2026 9:12am (just now)| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $7.9B | $10.6B | $8.5B | $7.0B | $6.9B |
| Cost of Revenue | $5.2B | $6.8B | $6.3B | $6.2B | $6.5B |
| Gross Profit | $2.7B | $3.9B | $2.3B | $859.6M | $427.5M |
| Operating Expenses | — | — | — | — | — |
| Operating Income | — | — | — | — | — |
| Net Income | $1.8B | $2.0B | $1.1B | -$2.3B | -$450.8M |
| EBITDA | — | — | — | — | — |
| EPS | $0.66 | $0.70 | $0.40 | $-0.82 | $-0.16 |
| EPS (Diluted) | $0.65 | $0.70 | $0.40 | $-0.82 | $-0.16 |
Balance Sheet (Annual)
Last updated: Aug 14, 2026 9:12am (just now)| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Cash & Equivalents | $1.3B | $1.9B | $1.6B | $1.6B | $991.4M |
| Total Current Assets | $3.2B | $4.0B | $3.8B | $3.8B | $3.0B |
| Total Assets | $8.3B | $9.5B | $10.3B | $8.8B | $8.5B |
| Current Liabilities | $1.1B | $1.3B | $1.2B | $2.2B | $1.3B |
| Long-Term Debt | $1.1B | $1.2B | $1.4B | $1.5B | $2.5B |
| Total Liabilities | $3.9B | $4.4B | $4.7B | $5.6B | $5.5B |
| Total Equity | $4.4B | $5.0B | $5.6B | $3.2B | $3.0B |
| Retained Earnings | $788.2M | $1.7B | $2.1B | -$523.2M | -$853.5M |
Cash Flow (Annual)
Last updated: Aug 14, 2026 9:12am (just now)| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.7B | $2.0B | $960.2M | $438.3M | $624.7M |
| Capital Expenditure | -$594.0M | -$787.0M | -$982.1M | -$1.4B | -$1.3B |
| Free Cash Flow | $1.1B | $1.2B | -$22.0M | -$946.1M | -$707.7M |
| Acquisitions (net) | $0 | $0 | -$69.9M | $29.1M | -$166.2M |
| Net Debt Issued / (Repaid) | -$126.4M | $24.6M | $-185,322 | $809.7M | $305.3M |
| Dividends Paid | -$104.9M | -$1.1B | -$583.9M | -$328.5M | -$10.7M |
| Stock Buybacks | — | — | — | — | — |
| Net Change in Cash | $924.7M | $577.2M | -$329.1M | -$121.5M | -$586.2M |
Growth Trends (YoY %)
Last updated: Aug 14, 2026 9:12am (just now)| Metric | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue Growth | +35.2% | -19.7% | -17.8% | -1.4% |
| Gross Profit Growth | +42.9% | -41.7% | -62.0% | -50.3% |
| Operating Income Growth | — | — | — | — |
| Net Income Growth | +12.8% | -44.3% | -305.3% | +80.7% |
| EBITDA Growth | — | — | — | — |
Dividend History (Last 20)
Last updated: Aug 13, 2026 5:29am (1d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-03-20 | $0.33 | — | — | — |
| 2023-09-21 | $0.11 | — | — | — |
| 2023-03-23 | $0.27 | — | — | — |
| 2022-09-15 | $0.32 | — | — | — |
| 2022-03-24 | $0.51 | — | — | — |
| 2021-09-16 | $0.79 | — | — | — |
| 2021-03-18 | $0.86 | — | — | — |
| 2020-09-17 | $0.12 | — | — | — |
| 2017-04-05 | $0.17 | — | — | — |
| 2016-09-21 | $0.22 | — | — | — |
| 2016-03-16 | $0.22 | — | — | — |
| 2015-09-02 | $0.03 | — | — | — |
| 2015-03-18 | $0.20 | — | — | — |
| 2014-08-20 | $0.17 | — | — | — |
| 2014-03-12 | $0.26 | — | — | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-30 | Menell Richard Peter | P-Purchase | 15,000.00 | $2.19 | $32,850 |
| 2026-06-26 | Keyter Charl | P-Purchase | 200,000.00 | $2.24 | $448,000 |
| 2026-03-31 | Nkosi Themba George | P-Purchase | 11,865.00 | $2.91 | $34,527 |
| 2026-03-30 | Carter Charles Edward | P-Purchase | 10,000.00 | $11.40 | $114,000 |
| 2026-03-24 | Menell Richard Peter | P-Purchase | 2,500.00 | $11.43 | $28,575 |
| 2026-03-23 | Keyter Charl | P-Purchase | 35,000.00 | $2.70 | $94,500 |
| 2026-03-20 | Keyter Charl | P-Purchase | 148,819.00 | $11.63 | $1.7M |
| 2026-03-16 | Maphai Thabane Vincent | P-Purchase | 12,000.00 | $13.34 | $160,080 |
Industry Benchmarks
Compares SBSW against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
Not applicable for this companies
4b
Earnings Power Value
— Floor value — worth with zero growth
Not applicable for this companies
4c
Anchored PE
— Industry PE adjusted for growth differential
Not applicable for this companies
4d
Reverse DCF
— What growth is the market pricing in?
Not applicable for this companies
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
Not applicable for this companies
4i
Book Value Analysis
— For deep value / turnaround stocks only
Not applicable for this companies
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
Not applicable for this companies
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for SBSW — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for SBSW — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for SBSW — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for SBSW — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37