Merafe

MRF · JSE · Basic Materials / Other Industrial Metals & Mining

136.00ZAC+0.00 (0.00%)

Price History

Full chart

Market Stats

Previous Close136.00

Open136.00

Day Range135.00 – 136.00

52-Week Range94.00 – 150.00

Volume257.18K

Market Cap3.45B

P/E (TTM)8.12

Forward P/E18.25

EPS0.17

Dividend Yield23.19%

Beta0.35

50-Day Avg137.80

200-Day Avg123.34

About

Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome and associated minerals. The company operates ferrochrome smelters, ferrochrome furnaces, and platinum group metals processing plants in the Western and Eastern limbs of the Bushveld Complex; and chrome ore mines and UG2 plants located in the northwest, Limpopo, and Mpumalanga provinces of South Africa. It has operations in South Africa, Egypt, Turkey, Brazil, the United States, Indonesia, China, India, Japan, South Korea, Taiwan, Australia, Belgium, England, Canada, Mexico, Italy, France, the Netherlands, Slovenia, and Spain. Merafe Resources Limited was incorporated in 1987 and is headquartered in Bryanston, South Africa.

Company Details

SectorBasic Materials
IndustryOther Industrial Metals & Mining
CEOMs. Zanele Joyce Matlala B.Com., BCompt (Hons), C.A., CA (SA)
Employees0
HeadquartersBuilding B, Bryanston, South Africa, 2191, South Africa
Websitehttps://www.meraferesources.co.za

Leadership

Ms. Zanele Joyce Matlala B.Com., BCompt (Hons), C.A., CA (SA)CEO & Executive Director · b. 1963
Mr. Ditabe Salthiel Chocho BCom, CA(SA), MScFinancial Director & Executive Director · b. 1970

Financials

Income Statement

Currency: ZAR	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: ZAR	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	44.64M	183.78M	554.44M	502.37M	614.56M	1.03B	1.66B	2.78B	1.84B	2.56B	2.43B	2.54B	3.50B	3.61B	4.43B	5.70B	5.89B	5.61B	5.38B	4.78B	8.06B	7.94B	9.24B	8.44B	5.83B
Growth (%)	-	+311.67%	+201.68%	-9.39%	+22.33%	+67.68%	+60.68%	+67.97%	-33.87%	+39.11%	-5.15%	+4.75%	+37.57%	+3.21%	+22.69%	+28.76%	+3.29%	-4.80%	-4.05%	-11.13%	+68.61%	-1.54%	+16.48%	-8.70%	-30.86%
Cost of Revenue	39.41M	258.24M	581.31M	443.12M	511.39M	877.17M	1.24B	1.25B	1.86B	-	-	140.00M	179.00M	237.00M	267.35M	329.89M	368.21M	405.55M	467.26M	153.36M	111.19M	219.47M	249.32M	354.41M	2.88B
Gross Profit	5.23M	-74.46M	-26.86M	59.25M	103.17M	153.32M	418.78M	1.53B	-18.56M	2.56B	2.43B	2.40B	3.32B	3.37B	4.16B	5.37B	5.52B	5.20B	4.91B	4.63B	7.95B	7.72B	8.99B	8.44B	2.96B
Gross Margin	11.71%	-40.51%	-4.85%	11.79%	16.79%	14.88%	25.29%	55.14%	-1.01%	100.00%	100.00%	94.49%	94.88%	93.43%	93.96%	94.21%	93.75%	92.77%	91.31%	96.79%	98.62%	97.23%	97.30%	100.05%	50.66%
Operating Expense	21.98M	24.54M	24.87M	-61.00K	0	-24.00K	-124.00K	0	187.94M	2.14B	2.20B	2.31B	3.01B	3.02B	3.62B	4.57B	4.22B	4.26B	4.93B	5.98B	5.63B	5.79B	6.68B	7.62B	2.26B
Operating Income	-16.75M	-98.99M	-51.74M	59.31M	103.17M	153.34M	418.90M	1.53B	-206.50M	416.28M	226.71M	96.01M	304.66M	351.93M	542.24M	803.30M	1.30B	940.39M	-18.98M	-1.35B	2.32B	1.92B	2.31B	821.70M	694.23M
Operating Margin	-37.51%	-53.86%	-9.33%	11.81%	16.79%	14.88%	25.30%	55.14%	-11.23%	16.27%	9.34%	3.78%	8.71%	9.75%	12.25%	14.09%	22.03%	16.77%	-0.35%	-28.27%	28.72%	24.25%	25.04%	9.74%	11.90%
EBITDA	-10.21M	-74.19M	-23.43M	67.41M	113.18M	179.37M	465.82M	1.59B	-72.72M	536.19M	391.38M	323.29M	634.31M	581.88M	811.53M	1.27B	1.67B	1.42B	-1.49B	-1.18B	2.45B	2.18B	2.20B	1.24B	914.58M
EBITDA Margin	-22.88%	-40.37%	-4.23%	13.42%	18.42%	17.41%	28.13%	57.34%	-3.95%	20.96%	16.13%	12.72%	18.14%	16.12%	18.33%	22.31%	28.42%	25.29%	-27.70%	-24.65%	30.45%	27.50%	23.76%	14.70%	15.67%
Net Income	-23.12M	-147.54M	-107.12M	20.72M	41.71M	139.14M	240.11M	1.03B	-152.32M	278.70M	116.75M	48.87M	210.62M	214.10M	343.46M	532.43M	914.12M	683.42M	-1.36B	-1.00B	1.67B	1.41B	1.75B	667.21M	142.59M
Net Income Margin	-51.79%	-80.28%	-19.32%	4.13%	6.79%	13.50%	14.50%	36.95%	-8.28%	10.89%	4.81%	1.92%	6.02%	5.93%	7.76%	9.34%	15.52%	12.19%	-25.32%	-20.98%	20.76%	17.77%	18.96%	7.91%	2.44%
Interest Expense	159.72K	48.54M	55.39M	42.22M	60.95M	39.91M	55.08M	67.05M	39.57M	33.85M	32.85M	29.30M	19.94M	52.37M	65.01M	63.40M	27.96M	14.51M	1.59M	1.71M	2.50M	1.49M	2.67M	1.36M	1.55M
Interest Expense % of Total Revenue	0.36%	26.41%	9.99%	8.40%	9.92%	3.87%	3.33%	2.41%	2.15%	1.32%	1.35%	1.15%	0.57%	1.45%	1.47%	1.11%	0.47%	0.26%	0.03%	0.04%	0.03%	0.02%	0.03%	0.02%	0.03%

Balance Sheet

Currency: ZAR	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: ZAR	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	743.67M	788.78M	849.09M	1.23B	2.02B	2.11B	2.59B	3.75B	3.40B	3.82B	3.92B	4.29B	5.00B	5.40B	5.36B	5.96B	6.36B	6.58B	4.56B	3.11B	4.95B	5.68B	6.66B	6.14B	6.06B
Total Liabilities	380.06M	557.68M	617.13M	908.59M	1.12B	1.00B	1.15B	1.28B	1.07B	1.24B	1.26B	1.58B	2.08B	2.28B	1.94B	2.07B	1.72B	1.69B	1.18B	836.03M	1.18B	1.35B	1.40B	1.27B	1.34B
Total Equity	363.61M	231.10M	231.96M	319.03M	904.87M	1.11B	1.44B	2.48B	2.33B	2.58B	2.66B	2.71B	2.93B	3.12B	3.41B	3.90B	4.64B	4.89B	3.38B	2.28B	3.77B	4.33B	5.26B	4.88B	4.72B
Cash	46.62M	1.31M	-	52.22M	86.74M	19.48M	37.47M	539.74M	462.63M	320.72M	220.46M	82.64M	85.55M	44.54M	325.13M	287.88M	671.65M	282.04M	354.18M	277.63M	972.13M	1.27B	1.33B	1.79B	1.16B
Total Debt	30.53M	45.47M	58.11M	470.48M	499.05M	674.31M	678.19M	366.17M	364.51M	313.62M	313.29M	535.00M	705.07M	837.70M	589.49M	401.52M	84.41M	12.29M	34.78M	52.43M	73.74M	134.79M	9.06M	5.87M	4.72M
Net Debt	-16.09M	44.16M	58.11M	418.26M	412.31M	654.84M	640.72M	-173.57M	-98.12M	-7.11M	92.83M	452.36M	619.53M	793.15M	264.36M	113.64M	-587.25M	-269.74M	-319.40M	-218.76M	-891.78M	-1.13B	-1.32B	-1.79B	-1.15B

Cash Flow

Currency: ZAR	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31

Currency: ZAR	2001-12-31	2002-12-31	2003-12-31	2004-12-31	2005-12-31	2006-12-31	2007-12-31	2008-12-31	2009-12-31	2010-12-31	2011-12-31	2012-12-31	2013-12-31	2014-12-31	2015-12-31	2016-12-31	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	-30.61M	-73.19M	-100.83M	319.00K	52.07M	-128.03M	304.62M	875.87M	166.82M	245.82M	295.12M	257.05M	486.61M	306.06M	955.68M	501.51M	1.40B	478.50M	761.04M	495.31M	1.16B	1.70B	1.88B	1.78B	609.80M
Investing Cash Flow	-523.64M	-50.90M	-45.23M	-21.41M	-590.92M	-166.59M	-381.00M	-138.26M	-182.58M	-270.50M	-404.40M	-603.21M	-605.18M	-437.00M	-303.46M	-287.58M	-403.80M	-412.26M	-466.61M	-375.94M	-489.87M	-497.77M	-671.37M	-657.15M	-453.54M
Financing Cash Flow	599.79M	78.78M	135.80M	58.23M	423.24M	294.38M	7.81M	-114.35M	-2.55M	-94.40M	-44.97M	211.09M	70.57M	7.27M	-105.23M	-246.95M	-540.55M	-426.99M	-154.87M	-108.01M	-184.96M	-853.83M	-828.60M	-1.05B	-301.19M
Capital Expenditure	508.92M	53.19M	52.09M	16.95M	597.10M	166.59M	381.34M	138.32M	182.58M	270.50M	404.40M	603.23M	605.29M	443.31M	303.50M	287.58M	403.80M	412.26M	531.47M	342.99M	490.24M	484.24M	671.37M	662.19M	446.52M
Free Cash Flow	-539.53M	-126.39M	-152.92M	-16.63M	-545.03M	-294.62M	-76.72M	737.55M	-15.76M	-24.68M	-109.28M	-346.18M	-118.69M	-137.25M	652.18M	213.93M	996.08M	66.23M	229.57M	152.32M	665.69M	1.21B	1.21B	1.12B	163.28M
Dividends Paid	-	-	-	-	-	-	-	-	-	49.19M	49.53M	-	27.95M	27.95M	45.19M	49.96M	175.75M	425.96M	150.64M	100.43M	174.94M	849.70M	824.71M	1.05B	300.04M
FCF to OCF	1762.85%	172.68%	151.66%	-5212.85%	-1046.79%	230.12%	-25.19%	84.21%	-9.45%	-10.04%	-37.03%	-134.68%	-24.39%	-44.84%	68.24%	42.66%	71.15%	13.84%	30.17%	30.75%	57.59%	71.48%	64.28%	62.74%	26.78%
Dividend Paid to FCF	-	-	-	-	-	-	-	-	-	-199.33%	-45.33%	-	-23.55%	-20.37%	6.93%	23.36%	17.64%	643.15%	65.62%	65.93%	26.28%	70.02%	68.27%	94.13%	183.75%

Earnings

Report Date	Mar 8, 2018
EPS Estimate	-
EPS Actual	0.17
Surprise	-
Timing	-

Key Statistics & Ratios

Market Cap3.45B

Enterprise Value1.35B

Trailing P/E8.12

Forward P/E18.25

PEG Ratio32.47

Price / Sales0.51

Price / Book0.67

EPS0.17

Book Value2.01

Revenue (TTM)6.75B

Gross Profit (TTM)6.75B

EBITDA918.41M

Profit Margin6.25%

Operating Margin20.20%

Return on Equity8.48%

Return on Assets7.45%

Shares Outstanding2.50B

Shares Float1.22B

Beta0.35

Dividend Yield23.19%

Dividend Rate0.32

Payout Ratio71.01%

Dividends

20231×

13.00Apr 12, 2023

20222×

12.00Sep 14, 202222.00Apr 6, 2022

20211×

7.00Sep 1, 2021

20201×

4.00Mar 25, 2020

20191×

6.00Mar 27, 2019

20182×

7.97Aug 29, 20189.00Mar 20, 2018

20172×

3.00Sep 20, 20174.00Mar 29, 2017

20162×

0.80Aug 24, 20161.19Mar 24, 2016

20152×

1.00Aug 24, 20150.80Mar 23, 2015

20141×

0.93Sep 1, 2014

20111×

2.00Mar 18, 2011

20101×

2.00Mar 19, 2010

Stock Splits

Oct 17, 2005388:379
Nov 4, 19961153:1045