African Rainbow Minerals (JSE:ARI) Research & Development: R0 Mil (TTM As of Dec. 2025)


JSE:ARI African Rainbow Minerals Ltd JSE:ARI
74 GF Score
Price R182.83
GF Value R243.35
Valuation Modestly Undervalued
! 6 Warning Signs
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What is African Rainbow Minerals Research & Development?

African Rainbow Minerals JSE:ARI +2.09% 74 Research & Development is R0 Mil as of Dec. 2025. GuruFocus rates JSE:ARI with a GF Score™ of 74/100 and a GF Value™ of R243.35 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. African Rainbow Minerals's Research & Development for the six months ended in Dec. 2025 was R0 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 was R0 Mil.

African Rainbow Minerals  (JSE:ARI) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

African Rainbow Minerals Research & Development Related Terms

African Rainbow Minerals Research & Development Historical Data

* Premium members only.

The historical data trend for African Rainbow Minerals's Research & Development 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.

African Rainbow Minerals Research & Development Chart

African Rainbow Minerals Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 105.00 166.00 212.00 232.00 67.00

African Rainbow Minerals Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Research & Development 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 0.00 0.00 0.00 0.00 0.00
JSE:ARI
74GF Score
African Rainbow Minerals Ltd JSE:ARI
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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African Rainbow Minerals Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was R0 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of R0 Mil mean?
African Rainbow Minerals (JSE:ARI) has a Research & Development of R0 Mil as of Dec. 2025. Research and development expense is the total cost for research and development activities. View historical data on African Rainbow Minerals and its competitors.
Is African Rainbow Minerals' Research & Development too high?
African Rainbow Minerals' current Research & Development is R0 Mil. Overall, African Rainbow Minerals has a GF Score™ of 74/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does African Rainbow Minerals' Research & Development compare to competitors?
African Rainbow Minerals' Research & Development of R0 Mil can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Metals & Mining company?
A good Research & Development depends on the Metals & Mining industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on African Rainbow Minerals and its competitors. African Rainbow Minerals's current Research & Development is R0 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is African Rainbow Minerals stock overvalued right now?
Based on GuruFocus' analysis, African Rainbow Minerals (JSE:ARI) is currently considered Modestly Undervalued. The stock's GF Value™ is R243.35, compared to a current price of R182.83 — trading 24.9% below its estimated fair value. The current Research & Development is R0 Mil. African Rainbow Minerals' overall GF Score™ is 74/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For African Rainbow Minerals (JSE:ARI), the current Research & Development is R0 Mil as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is African Rainbow Minerals (JSE:ARI) Overvalued in 2026?

Based on GuruFocus' analysis, African Rainbow Minerals stock appears to be undervalued. The current stock price of R182.83 is trading 24.9% below its estimated GF Value™ of R243.35. GuruFocus considers African Rainbow Minerals to be Modestly Undervalued.

Key valuation signals for JSE:ARI:

  • Research & Development: R0 Mil
  • GF Value™: R243.35 vs. price of R182.83 (24.9% below fair value)
  • GF Score™: 74/100 with 6 warning signs

No single metric tells the full story. See the JSE:ARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

African Rainbow Minerals Business Description

Other Exchanges AFBOF:USAEB9:Germany
Address 29 Impala Road, ARM House, Chislehurston, Sandton, GT, ZAF, 2196
African Rainbow Minerals Ltd is a South African diversified mining and minerals company with operations in South Africa and Malaysia. The group operates through four main segments: ARM Platinum, which includes platinum group metals and nickel; ARM Ferrous, focused on iron ore, manganese ore, and chrome ore; ARM Coal, operating mainly in the Goedgevonden Mine; and ARM Corporate, which includes Machadodorp Works, gold investments, and other activities. The company produces manganese alloys and holds a strategic investment in gold. The company generates the majority of its revenue from South Africa and maintains a presence in Europe, the Americas, and the Far and Middle East.
74GF Score

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Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R182.83
Price
R243.35
GF Value