SBSW (SBSW) financial statements

· Market cap $7.2B

SBSW reported revenue of 112.1B ZAR in fiscal 2024, up 13.6% a year over 7 years.

Net income was -7.3B ZAR.

Free cash flow was -11.5B ZAR, and the company returned 173M ZAR in dividends.

The diluted share count rose 46% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (ZAR).

-5005010015020020172018201920202021202220232024RevenueFree cash flow
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Income statement

Fiscal years, in ZAR, from SBSW's 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Revenue45.9B ZAR50.7B ZAR72.9B ZAR127.4B ZAR172.2B ZAR138.3B ZAR113.7B ZAR112.1B ZAR
Cost of revenue42.2B ZAR48.1B ZAR63.3B ZAR83.4B ZAR109.3B ZAR101.6B ZAR99.8B ZAR105.2B ZAR
Gross profit3.7B ZAR2.5B ZAR9.6B ZAR44.0B ZAR62.9B ZAR36.7B ZAR13.9B ZAR6.9B ZAR
Interest expense3.0B ZAR3.1B ZAR3.3B ZAR3.2B ZAR2.5B ZAR2.8B ZAR3.3B ZAR4.6B ZAR
Pre-tax income-7.4B ZAR-1.4B ZAR-1.3B ZAR35.5B ZAR47.6B ZAR27.9B ZAR-39.8B ZAR-4.2B ZAR
Income tax-2.9B ZAR1.1B ZAR-1.7B ZAR4.9B ZAR13.8B ZAR8.9B ZAR-2.4B ZAR1.5B ZAR
Net income-4.4B ZAR-2.5B ZAR62M ZAR29.3B ZAR33.1B ZAR18.4B ZAR-37.8B ZAR-7.3B ZAR
EPS (diluted)-2.29 ZAR-1.10 ZAR0.02 ZAR10.55 ZAR11.29 ZAR6.50 ZAR-13.34 ZAR-2.58 ZAR
Diluted shares1.93B2.26B2.58B2.78B2.93B2.83B2.83B2.83B
Gross margin8.1%5.0%13.2%34.6%36.5%26.5%12.2%6.2%
Net margin-9.7%-4.9%0.1%23.0%19.2%13.3%-33.2%-6.5%

Balance sheet

Fiscal years, in ZAR, from SBSW's 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Cash and short-term investments2.1B ZAR2.5B ZAR5.6B ZAR20.2B ZAR30.3B ZAR26.1B ZAR25.6B ZAR16.0B ZAR
Receivables6.2B ZAR6.8B ZAR4.6B ZAR6.9B ZAR7.4B ZAR7.5B ZAR8.9B ZAR5.7B ZAR
Inventory3.5B ZAR5.3B ZAR15.5B ZAR25.0B ZAR25.1B ZAR26.4B ZAR26.4B ZAR25.5B ZAR
Total current assets12.0B ZAR15.2B ZAR26.2B ZAR52.2B ZAR64.8B ZAR60.8B ZAR61.8B ZAR48.4B ZAR
Property, plant and equipment51.4B ZAR54.6B ZAR57.5B ZAR60.6B ZAR62.5B ZAR76.9B ZAR61.3B ZAR66.9B ZAR
Goodwill6.4B ZAR6.9B ZAR6.9B ZAR7.2B ZAR7.7B ZAR8.2B ZAR499M ZAR782M ZAR
Total assets76.1B ZAR84.9B ZAR101.1B ZAR134.1B ZAR153.0B ZAR166.6B ZAR142.9B ZAR138.0B ZAR
Total current liabilities8.4B ZAR14.6B ZAR14.3B ZAR17.5B ZAR20.5B ZAR20.2B ZAR36.4B ZAR20.9B ZAR
Long-term debt24.0B ZAR18.3B ZAR23.7B ZAR17.5B ZAR20.2B ZAR22.6B ZAR24.9B ZAR41.1B ZAR
Total liabilities52.1B ZAR60.2B ZAR69.9B ZAR63.4B ZAR71.6B ZAR75.6B ZAR91.3B ZAR89.7B ZAR
Shareholders' equity24.0B ZAR23.8B ZAR29.7B ZAR67.9B ZAR79.4B ZAR88.1B ZAR48.7B ZAR44.0B ZAR
Net debt23.6B ZAR22.0B ZAR18.1B ZAR-1.9B ZAR-10.0B ZAR-3.3B ZAR11.1B ZAR25.6B ZAR

Cash flow

Fiscal years, in ZAR, from SBSW's 10-K filings with the SEC.

Fiscal year20172018201920202021202220232024
Operating cash flow2.7B ZAR12.2B ZAR9.5B ZAR27.2B ZAR32.3B ZAR15.5B ZAR7.1B ZAR10.1B ZAR
Capital spending6.1B ZAR7.1B ZAR7.7B ZAR9.6B ZAR12.7B ZAR15.9B ZAR22.4B ZAR21.6B ZAR
Free cash flow-3.4B ZAR5.1B ZAR1.8B ZAR17.5B ZAR19.5B ZAR-356M ZAR-15.3B ZAR-11.5B ZAR
Stock-based compensation232M ZAR299M ZAR363M ZAR512M ZAR383M ZAR218M ZAR113M ZAR251M ZAR
Dividends paid560M ZAR600,000 ZAR85M ZAR1.7B ZAR18.2B ZAR9.5B ZAR5.3B ZAR173M ZAR
Share buybacks (net)——0 ZAR-84M ZAR-8.5B ZAR0 ZAR0 ZAR—
Net borrowing13.9B ZAR-4.1B ZAR-3.0B ZAR-2.0B ZAR399M ZAR-3M ZAR13.1B ZAR4.9B ZAR
Free cash flow margin-7.3%10.1%2.4%13.8%11.3%-0.3%-13.5%-10.2%
Dividends per share0.29 ZAR0.00 ZAR0.03 ZAR0.61 ZAR6.21 ZAR3.34 ZAR1.88 ZAR0.06 ZAR
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Questions

What was SBSW's revenue in 2024?

112.1B ZAR in fiscal 2024, from its 10-K filing.

How much free cash flow does SBSW generate?

-11.5B ZAR in fiscal 2024 (operating cash flow minus capital spending).

From SBSW's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.