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Sibanye Stillwater (Sibanye Stillwater) ROE % : 15.42% (As of Jun. 2023)


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What is Sibanye Stillwater ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Sibanye Stillwater's annualized net income for the quarter that ended in Jun. 2023 was $792 Mil. Sibanye Stillwater's average Total Stockholders Equity over the quarter that ended in Jun. 2023 was $5,136 Mil. Therefore, Sibanye Stillwater's annualized ROE % for the quarter that ended in Jun. 2023 was 15.42%.

The historical rank and industry rank for Sibanye Stillwater's ROE % or its related term are showing as below:

SBSW' s ROE % Range Over the Past 10 Years
Min: -21.95   Med: 17.43   Max: Negative Equity
Current: 15.17

During the past 13 years, Sibanye Stillwater's highest ROE % was Negative Equity%. The lowest was -21.95%. And the median was 17.43%.

SBSW's ROE % is ranked better than
93.59% of 2481 companies
in the Metals & Mining industry
Industry Median: -16.02 vs SBSW: 15.17

Sibanye Stillwater ROE % Historical Data

The historical data trend for Sibanye Stillwater's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Sibanye Stillwater ROE % Chart

Sibanye Stillwater Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only -10.02 0.23 59.46 43.51 21.09

Sibanye Stillwater Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 68.69 19.11 28.79 13.85 15.42

Competitive Comparison of Sibanye Stillwater's ROE %

For the Gold subindustry, Sibanye Stillwater's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Sibanye Stillwater's ROE % Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Sibanye Stillwater's ROE % distribution charts can be found below:

* The bar in red indicates where Sibanye Stillwater's ROE % falls into.



Sibanye Stillwater ROE % Calculation

Sibanye Stillwater's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as

ROE %=Net Income (A: Dec. 2022 )/( (Total Stockholders Equity (A: Dec. 2021 )+Total Stockholders Equity (A: Dec. 2022 ))/ count )
=1064.583/( (4995.91+5098.438)/ 2 )
=1064.583/5047.174
=21.09 %

Sibanye Stillwater's annualized ROE % for the quarter that ended in Jun. 2023 is calculated as

ROE %=Net Income (Q: Jun. 2023 )/( (Total Stockholders Equity (Q: Dec. 2022 )+Total Stockholders Equity (Q: Jun. 2023 ))/ count )
=792.006/( (5098.438+5174.235)/ 2 )
=792.006/5136.3365
=15.42 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Jun. 2023) net income data. ROE % is displayed in the 30-year financial page.


Sibanye Stillwater  (NYSE:SBSW) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=792.006/5136.3365
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(792.006 / 6462.378)*(6462.378 / 9634.1405)*(9634.1405 / 5136.3365)
=Net Margin %*Asset Turnover*Equity Multiplier
=12.26 %*0.6708*1.8757
=ROA %*Equity Multiplier
=8.22 %*1.8757
=15.42 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Jun. 2023 )
=Net Income/Total Stockholders Equity
=792.006/5136.3365
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (792.006 / 1129.914) * (1129.914 / 1056.186) * (1056.186 / 6462.378) * (6462.378 / 9634.1405) * (9634.1405 / 5136.3365)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7009 * 1.0698 * 16.34 % * 0.6708 * 1.8757
=15.42 %

Note: The net income data used here is two times the semi-annual (Jun. 2023) net income data. The Revenue data used here is two times the semi-annual (Jun. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Sibanye Stillwater ROE % Related Terms

Thank you for viewing the detailed overview of Sibanye Stillwater's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Sibanye Stillwater (Sibanye Stillwater) Business Description

Address
Cnr 14th Avenue and Hendrik Potgieter Road, Bridgeview House, Building 11, Ground Floor, Lakeview Avenue, Constantia Office Park, Weltevreden Park, Roodepoort, GT, ZAF, 1709
Sibanye Stillwater Ltd is a South Africa-focused mining company. The Group currently owns and operates five underground and surface gold operations in South Africa: the Cooke, DRDGOLD, Driefontein, and Kloof operations in the West Witwatersrand region, and the Beatrix Operation in the southern Free State province. In addition to mining, the company owns and manages extraction and processing facilities at its operations, where gold-bearing ore is treated and beneficiated to produce gold dore. The gold dore is further refined at Rand Refinery into gold bars with a purity of at least 99.5% and is then sold on international markets. Sibanye holds a 44% interest in Rand Refinery, global refiners of gold, and the largest in Africa. Rand Refinery markets gold to customers around the world.

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