African Rainbow Minerals Limited (JSE:ARI)
South Africa flag South Africa · Delayed Price · Currency is ZAR · Price in ZAc
19,149
+489 (2.62%)
Sep 8, 2026, 4:33 PM SAST

African Rainbow Minerals Statistics

Total Valuation

JSE:ARI has a market cap or net worth of ZAR 35.98 billion. The enterprise value is 30.55 billion.

Market Cap35.98B
Enterprise Value 30.55B

Important Dates

The last earnings date was Friday, September 4, 2026.

Earnings Date Sep 4, 2026
Ex-Dividend Date Oct 7, 2026

Share Statistics

JSE:ARI has 192.81 million shares outstanding. The number of shares has decreased by -1.12% in one year.

Current Share Class 192.81M
Shares Outstanding 192.81M
Shares Change (YoY) -1.12%
Shares Change (QoQ) +0.09%
Owned by Insiders (%) 0.83%
Owned by Institutions (%) 52.15%
Float 117.14M

Valuation Ratios

The trailing PE ratio is 9.05 and the forward PE ratio is 7.74.

PE Ratio 9.05
Forward PE 7.74
PS Ratio 2.36
PB Ratio 0.57
P/TBV Ratio 0.63
P/FCF Ratio 6.40
P/OCF Ratio 4.33
PEG Ratio n/a
Financial Ratio History

Enterprise Valuation

The stock's EV/EBITDA ratio is 4.93, with an EV/FCF ratio of 5.43.

EV / Earnings 7.64
EV / Sales 2.00
EV / EBITDA 4.93
EV / EBIT 5.86
EV / FCF 5.43

Financial Position

The company has a current ratio of 4.01, with a Debt / Equity ratio of 0.00.

Current Ratio 4.01
Quick Ratio 3.77
Debt / Equity 0.00
Debt / EBITDA 0.04
Debt / FCF 0.03
Interest Coverage 10.65

Financial Efficiency

Return on equity (ROE) is 8.38% and return on invested capital (ROIC) is 4.75%.

Return on Equity (ROE) 8.38%
Return on Assets (ROA) 2.59%
Return on Invested Capital (ROIC) 4.75%
Return on Capital Employed (ROCE) 4.29%
Weighted Average Cost of Capital (WACC) 8.66%
Revenue Per Employee 1.24M
Profits Per Employee 324,118
Employee Count 12,335
Asset Turnover 0.20
Inventory Turnover 12.78

Taxes

In the past 12 months, JSE:ARI has paid 1.41 billion in taxes.

Income Tax 1.41B
Effective Tax Rate 21.43%

Stock Price Statistics

The stock price has increased by +5.39% in the last 52 weeks. The beta is 0.69, so JSE:ARI's price volatility has been lower than the market average.

Beta (5Y) 0.69
52-Week Price Change +5.39%
50-Day Moving Average 17,646.60
200-Day Moving Average 20,404.37
Relative Strength Index (RSI) 54.80
Average Volume (20 Days) 404,336

Short Selling Information

Short Interest n/a
Short Previous Month n/a
Short % of Shares Out n/a
Short % of Float n/a
Short Ratio (days to cover) n/a

Income Statement

In the last 12 months, JSE:ARI had revenue of ZAR 15.25 billion and earned 4.00 billion in profits. Earnings per share was 20.61.

Revenue15.25B
Gross Profit 4.40B
Operating Income 3.16B
Pretax Income 6.57B
Net Income 4.00B
EBITDA 4.15B
EBIT 3.16B
Earnings Per Share (EPS) 20.61
Full Income Statement

Balance Sheet

The company has 11.01 billion in cash and 157.00 million in debt, with a net cash position of 10.86 billion or 56.30 per share.

Cash & Cash Equivalents 11.01B
Total Debt 157.00M
Net Cash 10.86B
Net Cash Per Share 56.30
Equity (Book Value) 63.15B
Book Value Per Share 299.35
Working Capital 13.07B
Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was 8.30 billion and capital expenditures -2.68 billion, giving a free cash flow of 5.62 billion.

Operating Cash Flow 8.30B
Capital Expenditures -2.68B
Depreciation & Amortization 983.00M
Net Borrowing -1.90B
Free Cash Flow 5.62B
FCF Per Share 29.16
Full Cash Flow Statement

Margins

Gross margin is 28.84%, with operating and profit margins of 20.74% and 26.22%.

Gross Margin 28.84%
Operating Margin 20.74%
Pretax Margin 43.11%
Profit Margin 26.22%
EBITDA Margin 27.18%
EBIT Margin 20.74%
FCF Margin 36.88%

Dividends & Yields

This stock pays an annual dividend of 12.00, which amounts to a dividend yield of 6.43%.

Dividend Per Share 12.00
Dividend Yield 6.43%
Dividend Growth (YoY) 14.29%
Years of Dividend Growth n/a
Payout Ratio 53.05%
Buyback Yield 1.12%
Shareholder Yield 7.55%
Earnings Yield 11.11%
FCF Yield 15.63%
Dividend Details

Fair Value

There are several formulas that can be used to estimate the intrinsic value of a stock.

Lynch Fair Value
Lynch Upside
Graham Number
Graham Upside

Analyst Forecast

The average price target for JSE:ARI is 21,960.00, which is 14.68% higher than the current price. The consensus rating is "Buy".

Price Target 21,960.00
Price Target Difference 14.68%
Analyst Consensus Buy
Analyst Count 4
Revenue Growth Forecast (3Y) 16.07%
EPS Growth Forecast (3Y) 21.01%

Stock Splits

This stock does not have any record of stock splits.

Last Split Date n/a
Split Type n/a
Split Ratio n/a

Scores

JSE:ARI has an Altman Z-Score of 2.93 and a Piotroski F-Score of 8. A Z-score under 3 suggests an increased risk of bankruptcy.

Altman Z-Score 2.93
Piotroski F-Score 8