Merafe Resources Limited (JSE:MRF)

Merafe Resources Statistics

Total Valuation

JSE:MRF has a market cap or net worth of ZAR 2.60 billion. The enterprise value is 1.46 billion.

Market Cap	2.60B
Enterprise Value	1.46B

Important Dates

The next estimated earnings date is Wednesday, November 12, 2025.

Earnings Date	Nov 12, 2025
Ex-Dividend Date	Sep 3, 2025

Share Statistics

JSE:MRF has 2.50 billion shares outstanding.

Current Share Class	2.50B
Shares Outstanding	2.50B
Shares Change (YoY)	n/a
Shares Change (QoQ)	n/a
Owned by Insiders (%)	0.37%
Owned by Institutions (%)	13.15%
Float	1.22B

Valuation Ratios

The trailing PE ratio is 14.44 and the forward PE ratio is 4.52.

PE Ratio	14.44
Forward PE	4.52
PS Ratio	0.42
PB Ratio	0.53
P/TBV Ratio	0.53
P/FCF Ratio	16.99
P/OCF Ratio	3.40
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 1.27, with an EV/FCF ratio of 9.56.

EV / Earnings	8.10
EV / Sales	0.24
EV / EBITDA	1.27
EV / EBIT	1.70
EV / FCF	9.56

Financial Position

The company has a current ratio of 6.39, with a Debt / Equity ratio of 0.00.

Current Ratio	6.39
Quick Ratio	3.07
Debt / Equity	0.00
Debt / EBITDA	0.00
Debt / FCF	0.03
Interest Coverage	114.41

Financial Efficiency

Return on equity (ROE) is 3.49% and return on invested capital (ROIC) is 10.23%.

Return on Equity (ROE)	3.49%
Return on Assets (ROA)	8.25%
Return on Invested Capital (ROIC)	10.23%
Return on Capital Employed (ROCE)	16.10%
Revenue Per Employee	843,197
Profits Per Employee	24,490
Employee Count	7,375
Asset Turnover	0.97
Inventory Turnover	n/a

Taxes

In the past 12 months, JSE:MRF has paid 8.45 million in taxes.

Income Tax	8.45M
Effective Tax Rate	4.47%

Stock Price Statistics

The stock price has decreased by -26.39% in the last 52 weeks. The beta is 0.09, so JSE:MRF's price volatility has been lower than the market average.

Beta (5Y)	0.09
52-Week Price Change	-26.39%
50-Day Moving Average	117.38
200-Day Moving Average	124.51
Relative Strength Index (RSI)	39.54
Average Volume (20 Days)	2,205,284

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:MRF had revenue of ZAR 6.22 billion and earned 180.62 million in profits. Earnings per share was 0.07.

Revenue	6.22B
Gross Profit	6.22B
Operating Income	846.79M
Pretax Income	189.06M
Net Income	180.62M
EBITDA	1.14B
EBIT	846.79M
Earnings Per Share (EPS)	0.07

Balance Sheet

The company has 1.14 billion in cash and 5.32 million in debt, giving a net cash position of 1.14 billion or 0.45 per share.

Cash & Cash Equivalents	1.14B
Total Debt	5.32M
Net Cash	1.14B
Net Cash Per Share	0.45
Equity (Book Value)	4.91B
Book Value Per Share	1.96
Working Capital	4.02B

Cash Flow

In the last 12 months, operating cash flow was 765.43 million and capital expenditures -612.47 million, giving a free cash flow of 152.96 million.

Operating Cash Flow	765.43M
Capital Expenditures	-612.47M
Free Cash Flow	152.96M
FCF Per Share	0.06

Margins

Gross margin is 100.00%, with operating and profit margins of 13.62% and 2.90%.

Gross Margin	100.00%
Operating Margin	13.62%
Pretax Margin	3.04%
Profit Margin	2.90%
EBITDA Margin	18.29%
EBIT Margin	13.62%
FCF Margin	2.46%

Dividends & Yields

This stock pays an annual dividend of 0.08, which amounts to a dividend yield of 7.69%.

Dividend Per Share	0.08
Dividend Yield	7.69%
Dividend Growth (YoY)	-71.43%
Years of Dividend Growth	1
Payout Ratio	166.67%
Buyback Yield	n/a
Shareholder Yield	7.69%
Earnings Yield	6.95%
FCF Yield	5.89%

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

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:MRF has an Altman Z-Score of 4.99 and a Piotroski F-Score of 5.

Altman Z-Score	4.99
Piotroski F-Score	5