Merafe Resources (JSE:MRF) Research & Development: R0 Mil (TTM As of Dec. 2025)


JSE:MRF Merafe Resources Ltd JSE:MRF
62 GF Score
Price R1.29
GF Value R0.99
Valuation Modestly Overvalued
! 9 Warning Signs
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What is Merafe Resources Research & Development?

Merafe Resources JSE:MRF +0.78% 62 Research & Development is R0 Mil as of Dec. 2025. GuruFocus rates JSE:MRF with a GF Score™ of 62/100 and a GF Value™ of R0.99 (Modestly Overvalued). The stock has 9 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Merafe Resources'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.

Merafe Resources  (JSE:MRF) 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.

Merafe Resources Research & Development Related Terms

Merafe Resources Research & Development Historical Data

* Premium members only.

The historical data trend for Merafe Resources'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.

Merafe Resources Research & Development Chart

Merafe Resources Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Merafe Resources 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:MRF
62GF Score
Merafe Resources Ltd JSE:MRF
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Merafe Resources 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?
Merafe Resources (JSE:MRF) 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 Merafe Resources and its competitors.
Is Merafe Resources' Research & Development too high?
Merafe Resources' current Research & Development is R0 Mil. Overall, Merafe Resources has a GF Score™ of 62/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Merafe Resources' Research & Development compare to competitors?
Merafe Resources' 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 Merafe Resources and its competitors. Merafe Resources'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 Merafe Resources stock overvalued right now?
Based on GuruFocus' analysis, Merafe Resources (JSE:MRF) is currently considered Modestly Overvalued. The stock's GF Value™ is R0.99, compared to a current price of R1.29 — trading 30.3% above its estimated fair value. The current Research & Development is R0 Mil. Merafe Resources' overall GF Score™ is 62/100 with 9 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 Merafe Resources (JSE:MRF), 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 Merafe Resources (JSE:MRF) Overvalued in 2026?

Based on GuruFocus' analysis, Merafe Resources stock appears to be overvalued. The current stock price of R1.29 is trading 30.3% above its estimated GF Value™ of R0.99. GuruFocus considers Merafe Resources to be Modestly Overvalued.

Key valuation signals for JSE:MRF:

  • Research & Development: R0 Mil
  • GF Value™: R0.99 vs. price of R1.29 (30.3% above fair value)
  • GF Score™: 62/100 with 9 warning signs

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

Merafe Resources Business Description

Other Exchanges RZT:Germany
Address 35 Ballyclare Drive, Building B, 2nd Floor, Ballyoaks Office Park, Bryanston, Johannesburg, GT, ZAF, 2191
Merafe Resources Ltd through its wholly-owned subsidiary, Merafe Ferrochrome and Mining Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The Glencore-Merafe Chrome Venture (Venture) operates five ferrochrome smelters, twenty-two ferrochrome furnaces, and nine mines, situated in the North-West, Limpopo, and Mpumalanga provinces of South Africa. The company has operating mines namel Marikana West; and Kroondal Gemini. The Group has one reportable segment being the mining and beneficiation of chrome ore into ferrochrome and associated minerals. Geographically, it has its presence in Africa, Americas, Asia, China, Indonesia, Other Asia, and Europe.
62GF Score

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

R1.29
Price
R0.99
GF Value