Company Valuation: South32 Limited

Data adjusted to current consolidation scope
Fiscal Period: June 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 12,533 11,346 11,019 8,563 12,080 16,804 - -
Change - -9.47% -2.88% -22.29% 41.07% 39.11% - -
Enterprise Value (EV) 1 11,995 11,829 11,781 8,440 12,080 13,754 15,039 14,991
Change - -1.38% -0.41% -28.36% 43.12% 13.86% 9.35% -0.32%
P/E 4.76x -65.9x -54.3x 40.6x 11.2x 14.2x 13.5x 13.6x
PBR 1.17x 1.22x 1.23x 0.97x - 1.6x 1.42x 1.31x
PEG - 1x -2.9x -0x 0x 1.52x 2.52x -13.49x
Capitalization / Revenue 1.35x 1.25x 1.33x 1.13x 2.08x 3.05x 3.49x 2.7x
EV / Revenue 1.29x 1.31x 1.42x 1.11x 2.08x 2.49x 3.13x 2.41x
EV / EBITDA 2.52x 4.67x 6.54x 4.38x 4.91x 5.6x 6.55x 6.67x
EV / EBIT 3.02x 7.32x 13.3x 6.97x 7.04x 8.05x 9.48x 9.81x
EV / FCF 4.84x 39x - 25x - 11.8x 14.1x 10.6x
FCF Yield 20.7% 2.56% - 4% - 8.48% 7.07% 9.42%
Dividend per Share 2 0.227 0.081 0.035 0.06 - 0.113 0.1013 0.0986
Rate of return 8.36% 3.24% 1.43% 3.14% - 3.01% 2.7% 2.63%
EPS 2 0.57 -0.038 -0.045 0.047 0.241 0.2636 0.2777 0.2749
Distribution rate 39.8% -213% -77.8% 128% - 42.9% 36.5% 35.9%
Net sales 1 9,269 9,050 8,296 7,610 5,816 5,513 4,811 6,226
EBITDA 1 4,755 2,534 1,802 1,928 2,462 2,457 2,295 2,248
EBIT 1 3,967 1,616 886 1,211 1,717 1,708 1,587 1,527
Net income 1 2,669 -173 -203 213 1,087 1,235 1,196 1,051
Net Debt 1 -538 483 762 -123 - -3,050 -1,765 -1,813
Reference price 2 2.715 2.502 2.442 1.908 2.698 3.749 3.749 3.749
Nbr of stocks (in thousands) 4,616,755 4,533,946 4,512,457 4,488,409 4,477,228 4,481,888 - -
Announcement Date 24/08/22 23/08/23 28/08/24 27/08/25 26/08/26 - - -
1USD in Million2USD
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
18.26x4.32x7.76x3.18% 241B
12.26x3.02x6.54x4.8% 177B
16.7x4.7x7.78x2.97% 107B
13.12x0.4x6.5x3.16% 94.72B
27.01x6.7x17.6x-.--% 68.34B
55.25x3.39x8.33x1.1% 61.98B
15.86x3.22x6.38x0.57% 33.45B
14.31x4.66x7.09x4.05% 31.65B
13.47x4.84x8.54x3.8% 26.53B
Average 20.69x 3.92x 8.50x 2.63% 93.57B
Weighted average by Cap. 19.26x 3.76x 8.15x 3.03%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

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  3. S32 Stock
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  5. Valuation South32 Limited