Stocks SBSW Financial statements
Financial statementsSibanye Stillwater Ltd financial statements
Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data Sibanye Stillwater Ltd files with the SEC in its annual reports.
In ZAR millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2017 | FY2019 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 45,912 | 50,656 | 72,925 | 127,392 | 172,313 | 138,288 | 114,849 | 112,292 |
| Cost of revenue | 42,182 | 48,129 | 63,314 | 83,369 | 109,306 | 101,624 | 99,768 | 105,208 |
| Gross profit | 3,729 | 2,527 | 9,611 | 44,023 | 63,007 | 36,664 | 15,081 | 7,084 |
| Interest expense | 2,972 | 3,135 | 3,303 | 3,152 | 2,496 | 2,840 | 3,299 | 4,571 |
| Interest income | 416 | 482 | 560 | 1,065 | 1,202 | 1,203 | 1,369 | 1,337 |
| Pre-tax income | -7,380 | -1,437 | -1,300 | 35,480 | 47,557 | 27,904 | -39,846 | -4,214 |
| Income tax | -2,947 | 1,084 | -1,733 | 4,858 | 13,761 | 8,924 | -2,416 | 1,496 |
| Net income to minority interests | 4.3 | -21.1 | 371 | 1,310 | 742 | 584 | 342 | 1,587 |
| Net income | -4,437 | -2,500 | 62 | 29,312 | 33,054 | 18,396 | -37,772 | -7,297 |
| EPS, basic | -2.29 | -1.10 | 0.02 | 10.74 | 11.40 | 6.51 | -13.34 | -2.58 |
| EPS, diluted | -2.29 | -1.10 | 0.02 | 10.55 | 11.29 | 6.50 | -13.34 | -2.58 |
Balance sheet
| FY2017 | FY2019 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 2,062 | 2,549 | 5,619 | 20,240 | 30,292 | 26,076 | 25,560 | 16,049 |
| Receivables | 6,198 | 6,833 | 4,635 | 6,866 | 7,411 | 7,500 | 8,900 | 5,722 |
| Inventory | 3,527 | 5,295 | 15,503 | 24,952 | 25,080 | 26,384 | 26,363 | 25,549 |
| Total current assets | 12,005 | 15,195 | 26,163 | 52,243 | 64,831 | 60,764 | 61,822 | 48,409 |
| Property, plant and equipment | 51,445 | 54,558 | 57,480 | 60,600 | 62,494 | 76,909 | 61,338 | 66,906 |
| Lease right-of-use assets | 0 | 361 | 296 | 222 | 279 | 560 | 156 | |
| Goodwill | 6,396 | 6,890 | 6,855 | 7,165 | 7,727 | 8,241 | 499 | 782 |
| Intangible assets | 0 | 0 | 81 | 3 | 1,276 | |||
| Total assets | 76,072 | 84,923 | 101,072 | 134,103 | 152,994 | 166,631 | 142,941 | 137,992 |
| Accounts payable | 6,690 | 7,856 | 11,466 | 13,207 | 15,162 | 15,653 | 16,464 | 15,604 |
| Total current liabilities | 8,438 | 14,633 | 14,327 | 17,487 | 20,541 | 20,219 | 36,407 | 20,855 |
| Lease liabilities | 273 | 223 | 177 | 208 | 384 | 203 | ||
| Total liabilities | 52,074 | 60,199 | 69,934 | 63,387 | 71,649 | 75,627 | 91,334 | 89,703 |
| Total debt | 25,650 | 24,505 | 23,736 | 18,383 | 20,298 | 22,728 | 36,618 | 41,687 |
| Retained earnings | -13,258 | -15,496 | -15,434 | 12,216 | 27,414 | 33,781 | -8,470 | -13,817 |
| Shareholders' equity | 23,978 | 23,788 | 29,670 | 67,936 | 79,393 | 88,101 | 48,730 | 43,979 |
| Minority interests | 19.8 | 936 | 1,468 | 2,780 | 1,952 | 2,903 | 2,877 | 4,310 |
| Total equity | 23,998 | 24,724 | 31,138 | 70,716 | 81,345 | 91,004 | 51,607 | 48,289 |
| Total liabilities and equity | 76,072 | 84,923 | 101,072 | 134,103 | 152,994 | 166,631 | 142,941 | 137,992 |
Cash flow statement
| FY2017 | FY2019 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | |
|---|---|---|---|---|---|---|---|---|
| Net income | -4,433 | -2,521 | 433 | 30,622 | 33,796 | 18,980 | -37,430 | -5,710 |
| Depreciation and amortization | 5,700 | 6,614 | 7,214 | 7,593 | 8,293 | 7,087 | 10,012 | 8,810 |
| Cash from operations | 2,741 | 12,197 | 9,463 | 27,151 | 32,256 | 15,543 | 7,095 | 10,113 |
| Capital expenditures | -6,099 | -7,081 | -7,706 | -9,616 | -12,740 | -15,899 | -22,411 | -21,569 |
| Cash from investing | -28,144 | -7,744 | -4,864 | -9,938 | -14,568 | -17,374 | -22,038 | -24,338 |
| Debt issued | 69,594 | 17,130 | 18,982 | 16,289 | 20,651 | 8,000 | 14,431 | 8,278 |
| Debt repaid | -55,720 | -21,232 | -22,008 | -18,335 | -20,252 | -8,003 | -1,323 | -3,335 |
| Stock issued | 13,439 | 1,688 | 0 | 0 | ||||
| Share buybacks | 0 | -84 | -8,503 | 0 | 0 | |||
| Dividends paid | -560 | -0.6 | -85 | -1,698 | -18,176 | -9,453 | -5,318 | -173 |
| Cash from financing | 26,807 | -4,101 | -1,470 | -2,244 | -8,344 | -3,497 | 12,976 | 4,735 |
| Exchange rate effect | -309 | 134 | -59 | -348 | 708 | 1,112 | 1,451 | -21 |
| Free cash flow | -3,358 | 5,117 | 1,757 | 17,535 | 19,516 | -356 | -15,316 | -11,456 |
| Interest paid | 2,054 | 1,621 | 1,603 | 1,386 | 781 | 1,118 | 1,304 | 2,101 |
| Income taxes paid | 512 | 308 | 1,407 | 4,818 | 14,839 | 8,866 | 3,209 | 1,452 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Gross margin | 6.3% | Gross profit / revenue. |
| Pre-tax margin | -3.8% | Pre-tax income / revenue. |
| Net margin | -6.5% | Net income / revenue. |
| FCF margin | -10.2% | Free cash flow (cash from operations - capital expenditures) / revenue. |
| Operating cash flow margin | 9.0% | Cash from operations / revenue. |
| Return on equity (ROE) | -15.7% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | -5.2% | Net income / average total assets. |
| Capex / revenue | 19.2% | Capital expenditures / revenue. |
| D&A / revenue | 7.8% | Depreciation and amortization / revenue. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Revenue growth, 1y | -2.2% | Revenue vs the same period a year earlier. Only from a positive base. |
| Revenue CAGR, 3y | -13.3% | Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Revenue CAGR, 5y | 9.0% | Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Gross profit growth, 1y | -53.0% | Gross profit vs the same period a year earlier. Only from a positive base. |
| Gross profit CAGR, 3y | -51.7% | Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Gross profit CAGR, 5y | -5.9% | Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 42.5% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | -32.1% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 1.3% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | -9.7% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | -17.9% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | 8.2% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -3.5% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | -3.4% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 6.4% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Current ratio | 2.32x | Current assets / current liabilities. |
| Quick ratio | 1.04x | (Cash + short-term investments + receivables) / current liabilities. |
| Cash ratio | 0.77x | (Cash + short-term investments) / current liabilities. |
| Debt / equity | 0.95x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 30.2% | Total debt / total assets. |
| Liabilities / assets | 65.0% | Total liabilities / total assets. |
| Net debt | ZAR 25.64B | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Working capital | ZAR 27.55B | Current assets - current liabilities. |
| Goodwill and intangibles / assets | 1.5% | (Goodwill + intangible assets) / total assets. |
| Tangible book value | ZAR 41.92B | Shareholders' equity - goodwill - intangible assets. |
Efficiency
| Metric | Value | How it is calculated |
|---|---|---|
| Asset turnover | 0.80x | Revenue / average total assets. |
| Fixed asset turnover | 1.75x | Revenue / average property, plant and equipment. |
| Inventory turnover | 4.05x | Cost of revenue / average inventory. |
| Days inventory | 90 days | 365 x average inventory / cost of revenue. |
| Receivables turnover | 15.4x | Revenue / average receivables. |
| Days sales outstanding | 24 days | 365 x average receivables / revenue. |
| Days payables | 56 days | 365 x average accounts payable / cost of revenue. |
| Cash conversion cycle | 58 days | Days inventory + days sales outstanding - days payables. |
| Capex / operating cash flow | 213.3% | Capital expenditures / cash from operations, when that is positive. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | -ZAR 2.58 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| EPS, basic | -ZAR 2.58 | Net income per basic share, as reported (split-adjusted). |
What was Sibanye Stillwater Ltd's revenue in fiscal 2024?
Sibanye Stillwater Ltd reported revenue of ZAR 112.29B for fiscal 2024, 2.2% lower than the year before.
Was Sibanye Stillwater Ltd profitable in fiscal 2024?
No. It reported a net loss of ZAR 7.30B.
How much free cash flow did Sibanye Stillwater Ltd generate in fiscal 2024?
Cash from operations of ZAR 10.11B minus capital expenditures of ZAR 21.57B left free cash flow of -ZAR 11.46B.