SOUTH32 LIMITED (S32)
Share Price Analysis and Chart

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S32 - SOUTH32 LIMITED

FNArena Sector : Mining
Year End: June
GICS Industry Group : Materials
Index: 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

$2.75

25 Jan
2021

-0.020

OPEN

$2.78

-0.72%

HIGH

$2.78

14,852,965

LOW

$2.71

TARGET
$2.929 6.5% upside
Franking for last dividend paid out: 0%
OTHER COMPANIES IN THE SAME SECTOR
CAS . AZY . APC . SVY . THX . KLL . GRY . PEX . AMN . SO4 .
MARKET CONSENSUS FORECAST
S32: 1
Title FY21
Forecast
FY22
Forecast
EPS (cps) 23.5 xxx
DPS (cps) 5.2 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.7 xxx
Dividend Yield 1.9% xxx
Div Pay Ratio(%) 22.3% 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: 0.84%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

1.16

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: 10/09 - 1.46c (0%)

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

7
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgans

xx/xx/xxxx

3

xxxxxxxxx xx xxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx xx xxxxxxx xxxx xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

22/01/2021

1

Buy

$3.05

10.91%

Production for the second quarter was ahead or in-line with UBS estimates for all but thermal coal, which was impacted by reduced Eskom demand and low price. 

This resulted in production cuts to manage only profitable tonnes into the market, explains the broker. It's calculated this led to unit costs for SA Energy Coal (SAEC) being 10% above guidance for the first half.

The analyst notes management's production guidance was broadly maintained across the assets, notwithstanding maintenance and wet weather impacts.

Target price is increased to $3.05 from $3. Buy rating retained.

FORECAST
UBS forecasts a full year FY21 dividend of 5.75 cents and EPS of 12.94 cents.
UBS forecasts a full year FY22 dividend of 10.06 cents and EPS of 27.31 cents.

Credit Suisse

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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S32 STOCK CHART