EXXARO RESOURCES LIMITED |
End-of-day quote
Other stock markets
|
5-day change | 1st Jan Change | ||
| 177.6 ZAR | +2.16% |
|
-4.94% | -13.13% |
| Mar. 19 | Indices: Is the gold craze contagious? |  |
| Mar. 14 | Exxaro Resources Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 32,908 | 34,855 | 37,431 | 52,488 | 49,389 | 42,906 | - | - |
| Enterprise Value (EV) 1 | 38,718 | 45,822 | 41,149 | 47,247 | 38,453 | 29,872 | 27,163 | 24,702 |
| P/E ratio | 3.36 x | 4.79 x | 2.98 x | 3.8 x | 4.38 x | 4.12 x | 4.66 x | 4.71 x |
| Yield | 10.9% | 13.6% | 21.3% | 12.6% | 11.1% | 13.9% | 12.6% | 11.1% |
| Capitalization / Revenue | 1.28 x | 1.21 x | 1.14 x | 1.13 x | 1.28 x | 1.12 x | 1.08 x | 1.06 x |
| EV / Revenue | 1.51 x | 1.58 x | 1.26 x | 1.02 x | 0.99 x | 0.78 x | 0.68 x | 0.61 x |
| EV / EBITDA | 6.26 x | 6.28 x | 3.86 x | 2.49 x | 2.87 x | 2.61 x | 2.45 x | 2.37 x |
| EV / FCF | - | - | 5.09 x | 2.75 x | 2.83 x | 2.52 x | 2.68 x | 2.33 x |
| FCF Yield | - | - | 19.6% | 36.4% | 35.3% | 39.8% | 37.3% | 43% |
| Price to Book | 0.95 x | 1.04 x | 1.07 x | 1.62 x | 1.37 x | 0.85 x | 0.79 x | 0.76 x |
| Nbr of stocks (in thousands) | 250,937 | 250,937 | 244,856 | 241,535 | 241,535 | 241,535 | - | - |
| Reference price 2 | 131.1 | 138.9 | 152.9 | 217.3 | 204.5 | 177.6 | 177.6 | 177.6 |
| Announcement Date | 3/12/20 | 3/18/21 | 3/2/22 | 3/15/23 | 3/13/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 25,726 | 28,924 | 32,771 | 46,369 | 38,700 | 38,414 | 39,758 | 40,395 |
| EBITDA 1 | 6,181 | 7,291 | 10,671 | 19,002 | 13,399 | 11,459 | 11,080 | 10,420 |
| EBIT 1 | 4,269 | 4,293 | 7,460 | 16,220 | 10,600 | 8,410 | 8,146 | 7,409 |
| Operating Margin | 16.59% | 14.84% | 22.76% | 34.98% | 27.39% | 21.89% | 20.49% | 18.34% |
| Earnings before Tax (EBT) 1 | - | 9,876 | 16,684 | 22,292 | 17,934 | 15,975 | 14,262 | 12,506 |
| Net income 1 | 9,809 | 7,283 | 12,667 | 13,826 | 11,292 | 10,422 | 9,230 | 9,133 |
| Net margin | 38.13% | 25.18% | 38.65% | 29.82% | 29.18% | 27.13% | 23.22% | 22.61% |
| EPS 2 | 39.08 | 29.02 | 51.28 | 57.13 | 46.66 | 43.07 | 38.14 | 37.74 |
| Free Cash Flow 1 | - | - | 8,081 | 17,211 | 13,585 | 11,877 | 10,128 | 10,618 |
| FCF margin | - | - | 24.66% | 37.12% | 35.1% | 30.92% | 25.47% | 26.29% |
| FCF Conversion (EBITDA) | - | - | 75.73% | 90.57% | 101.39% | 103.65% | 91.41% | 101.9% |
| FCF Conversion (Net income) | - | - | 63.8% | 124.48% | 120.31% | 113.96% | 109.72% | 116.27% |
| Dividend per Share 2 | 14.30 | 18.86 | 32.52 | 27.29 | 22.79 | 24.76 | 22.33 | 19.64 |
| Announcement Date | 3/12/20 | 3/18/21 | 3/2/22 | 3/15/23 | 3/13/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2019 S2 | 2020 S1 | 2020 S2 | 2021 S1 | 2021 S2 | 2022 S1 | 2022 S2 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 14,078 | 14,846 | 15,144 | 17,627 | 22,330 | 24,039 |
| EBITDA 1 | - | 3,929 | 3,362 | 4,331 | 6,340 | 10,603 | 8,399 |
| EBIT 1 | - | 4,069 | 224 | 3,031 | 4,429 | 9,196 | 7,024 |
| Operating Margin | - | 28.9% | 1.51% | 20.01% | 25.13% | 41.18% | 29.22% |
| Earnings before Tax (EBT) 1 | - | 6,103 | 3,773 | 9,283 | 7,401 | 13,083 | 9,209 |
| Net income 1 | - | 4,334 | 2,949 | 8,224 | 5,863 | 8,250 | 5,576 |
| Net margin | - | 30.79% | 19.86% | 54.31% | 33.26% | 36.95% | 23.2% |
| EPS 2 | 19.39 | 17.27 | 11.75 | 32.90 | 18.38 | 34.09 | 23.04 |
| Dividend per Share 2 | - | 6.430 | 12.43 | 20.77 | 11.75 | 15.93 | 11.36 |
| Announcement Date | 3/12/20 | 8/13/20 | 3/18/21 | 8/12/21 | 3/2/22 | 7/30/22 | 3/15/23 |
1ZAR in Million2ZAR
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 5,810 | 10,967 | 3,718 | - | - | - | - | - |
| Net Cash position 1 | - | - | - | 5,241 | 10,936 | 13,034 | 15,743 | 18,204 |
| Leverage (Debt/EBITDA) | 0.94 x | 1.504 x | 0.3484 x | - | - | - | - | - |
| Free Cash Flow 1 | - | - | 8,081 | 17,211 | 13,585 | 11,877 | 10,128 | 10,618 |
| ROE (net income / shareholders' equity) | 19.8% | 20.2% | 25.8% | 32% | 22.8% | 18.7% | 16.1% | 13.7% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 139.0 | 134.0 | 143.0 | 134.0 | 150.0 | 208.0 | 224.0 | 233.0 |
| Cash Flow per Share 2 | 21.00 | 31.00 | 42.70 | 77.90 | 46.00 | 48.50 | 49.30 | 36.50 |
| Capex 1 | 6,076 | 3,175 | 2,471 | 1,652 | 2,699 | 3,193 | 3,026 | 2,833 |
| Capex / Sales | 23.62% | 10.98% | 7.54% | 3.56% | 6.97% | 8.31% | 7.61% | 7.01% |
| Announcement Date | 3/12/20 | 3/18/21 | 3/2/22 | 3/15/23 | 3/13/24 | - | - | - |
1ZAR in Million2ZAR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
177.6
ZAR
Average target price
226.6
ZAR
Spread / Average Target
+27.55%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -13.13% | 2.28B | |
| +19.44% | 104B | |
| -5.15% | 38.78B | |
| +21.22% | 33.68B | |
| +19.96% | 33.53B | |
| +11.73% | 20.45B | |
| +7.75% | 18.4B | |
| -4.70% | 8.62B | |
| +6.48% | 8.24B | |
| +19.73% | 5.4B |
- Stock Market
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- Financials Exxaro Resources Limited
