SOUTH32 LIMITED (S32)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

S32 - SOUTH32 LIMITED

FNArena Sector : Mining
Year End: June
GICS Industry Group : Materials
Debt/EBITDA: 0.92
Index: ASX20 | ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

South32 is a mining and metals company producing alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc in Australia, Southern Africa and South America. It was spun out of BHP Billiton in 2015.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.06

05 Dec
2023

-0.060

OPEN

$3.10

-1.92%

HIGH

$3.11

10,174,614

LOW

$3.05

TARGET
$4.025 31.5% upside
Franking for last dividend paid out: 100%
OTHER COMPANIES IN THE SAME SECTOR
5EA . AMN . APC . ARV . AZS . AZY . BML . CNB . COD . DRE . EM2 . G1A . HFR . KLL . KSN . LM8 . LRS . PEX . PMT . QML . RTR . RXL . S2R . SVY .
FNARENA'S MARKET CONSENSUS FORECASTS
S32: 1
Title FY24
Forecast		 FY25
Forecast
EPS (cps) 17.5 xxx
DPS (cps) 7.4 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 17.8 xxx
Dividend Yield 2.4% xxx
Div Pay Ratio(%) 42.0% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 1.88%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.57

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 14/09 - ex-div 4.97c (franking 100%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2023 FactSet UK Limited. All rights reserved
Title 201820192020202120222023
EPS Basic xxxxxxxxxxxxxxx-5.6
DPS All xxxxxxxxxxxxxxx12.3
Sales/Revenue xxxxxxxxxxxxxxx11,044.4 M
Book Value Per Share xxxxxxxxxxxxxxx311.1
Net Operating Cash Flow xxxxxxxxxxxxxxx1,770.6 M
Net Profit Margin xxxxxxxxxxxxxxx-2.33 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201820192020202120222023
Return on Capital Employed xxxxxxxxxxxxxxx-1.73 %
Return on Invested Capital xxxxxxxxxxxxxxx-1.52 %
Return on Assets xxxxxxxxxxxxxxx-1.13 %
Return on Equity xxxxxxxxxxxxxxx-1.73 %
Return on Total Capital xxxxxxxxxxxxxxx10.65 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-900.9 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201820192020202120222023
Short-Term Debt xxxxxxxxxxxxxxx548 M
Long Term Debt xxxxxxxxxxxxxxx2,067 M
Total Debt xxxxxxxxxxxxxxx2,615 M
Goodwill - Gross xxxxxxxxxxxxxxx209 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx1,890 M
Price To Book Value xxxxxxxxxxxxxxx1.21

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201820192020202120222023
Capex xxxxxxxxxxxxxxx1,416.8 M
Capex % of Sales xxxxxxxxxxxxxxx12.83 %
Cost of Goods Sold xxxxxxxxxxxxxxx8,835 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx343 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx3,601 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

6
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgan Stanley

24/10/2023

1

Overweight

$4.15

35.62%

First quarter production for South32 was broadly in line with Morgan Stanley's forecast while sales were weaker across commodities, though Illawara thermal coal sales were a 45% beat due to an inventory drawdown.

Management left FY24 production guidance unchanged apart from a -5% reduction at Illawara driven by a long wall move and the impact of some (now resolved) industrial action.

The Overweight rating is maintained. Target is $4.15. Industry view: Attractive. 

FORECAST
Morgan Stanley forecasts a full year FY24 dividend of 8.30 cents and EPS of 21.13 cents.
Morgan Stanley forecasts a full year FY25 dividend of 12.22 cents and EPS of 30.18 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >

S32 STOCK CHART

FNArena News on S32

1
ESG Focus: The Little Big Things – 30-11-2023

Nov 30 2023 - ESG Focus
2
ESG Focus: The Little Big Things – 23-11-2023

Nov 23 2023 - ESG Focus
3
ESG Focus: Rounding Up A Psychosocial FY23 Season

Nov 20 2023 - ESG Focus
4
Rudi’s View: Between Perception & Reality

Nov 15 2023 - Rudi's View
5
ESG Focus: Day Of The TRIFRS

Nov 09 2023 - ESG Focus

Latest Mining News

1
They Say You Want An Evolution

Dec 05 2023 - Technicals
2
Material Matters: Iron Ore; Copper; Zinc; Lithium

Nov 22 2023 - Commodities
3
Treasure Chest: Orica’s Technology Tailwind

Nov 21 2023 - Treasure Chest
4
Northern Star: All About KCGM

Nov 15 2023 - Australia
5
Material Matters: The Outlook For Aluminium and Copper & Stock Picks

Nov 09 2023 - Commodities
6
ESG Focus: The Little Big Things – 31-10-2023

Nov 01 2023 - ESG Focus
7
Lithium: Short Term Pain, Long Term Gain?

Oct 13 2023 - Feature Stories
8
Orica’s Green Ambitions Well-Received

Sep 25 2023 - Australia
9
ESG Focus: Grid Set To Enter An Iron Age

Sep 21 2023 - ESG Focus
10
Iron Ore: Uptrend

Sep 20 2023 - Technicals