Merafe Resources Limited (JSE:MRF)

Merafe Resources Statistics

Total Valuation

JSE:MRF has a market cap or net worth of ZAR 2.92 billion. The enterprise value is 1.77 billion.

Market Cap	2.92B
Enterprise Value	1.77B

Important Dates

The last earnings date was Monday, March 9, 2026.

Earnings Date	Mar 9, 2026
Ex-Dividend Date	Mar 31, 2026

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 (%)	0.38%
Owned by Institutions (%)	6.90%
Float	1.22B

Valuation Ratios

The trailing PE ratio is 20.53 and the forward PE ratio is 11.70.

PE Ratio	20.53
Forward PE	11.70
PS Ratio	0.50
PB Ratio	0.62
P/TBV Ratio	0.62
P/FCF Ratio	17.91
P/OCF Ratio	4.79
PEG Ratio	n/a

Enterprise Valuation

The stock's EV/EBITDA ratio is 2.49, with an EV/FCF ratio of 10.85.

EV / Earnings	12.43
EV / Sales	0.30
EV / EBITDA	2.49
EV / EBIT	3.47
EV / FCF	10.85

Financial Position

The company has a current ratio of 4.90, with a Debt / Equity ratio of 0.00.

Current Ratio	4.90
Quick Ratio	2.52
Debt / Equity	0.00
Debt / EBITDA	0.01
Debt / FCF	0.03
Interest Coverage	4,516.97

Financial Efficiency

Return on equity (ROE) is 2.97% and return on invested capital (ROIC) is 10.46%.

Return on Equity (ROE)	2.97%
Return on Assets (ROA)	5.09%
Return on Invested Capital (ROIC)	10.46%
Return on Capital Employed (ROCE)	9.76%
Weighted Average Cost of Capital (WACC)	4.58%
Revenue Per Employee	791,170
Profits Per Employee	19,334
Employee Count	7,375
Asset Turnover	0.96
Inventory Turnover	n/a

Taxes

In the past 12 months, JSE:MRF has paid 47.23 million in taxes.

Income Tax	47.23M
Effective Tax Rate	24.88%

Stock Price Statistics

The stock price has decreased by -1.64% in the last 52 weeks. The beta is 0.06, so JSE:MRF's price volatility has been lower than the market average.

Beta (5Y)	0.06
52-Week Price Change	-1.64%
50-Day Moving Average	115.44
200-Day Moving Average	114.76
Relative Strength Index (RSI)	54.89
Average Volume (20 Days)	2,488,175

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 5.83 billion and earned 142.59 million in profits. Earnings per share was 0.06.

Revenue	5.83B
Gross Profit	5.83B
Operating Income	496.87M
Pretax Income	189.82M
Net Income	142.59M
EBITDA	697.80M
EBIT	496.87M
Earnings Per Share (EPS)	0.06

Balance Sheet

The company has 1.16 billion in cash and 4.72 million in debt, with a net cash position of 1.15 billion or 0.46 per share.

Cash & Cash Equivalents	1.16B
Total Debt	4.72M
Net Cash	1.15B
Net Cash Per Share	0.46
Equity (Book Value)	4.72B
Book Value Per Share	1.89
Working Capital	3.77B

Cash Flow

In the last 12 months, operating cash flow was 609.80 million and capital expenditures -446.52 million, giving a free cash flow of 163.28 million.

Operating Cash Flow	609.80M
Capital Expenditures	-446.52M
Free Cash Flow	163.28M
FCF Per Share	0.07

Margins

Gross margin is 100.00%, with operating and profit margins of 8.52% and 2.44%.

Gross Margin	100.00%
Operating Margin	8.52%
Pretax Margin	3.25%
Profit Margin	2.44%
EBITDA Margin	11.96%
EBIT Margin	8.52%
FCF Margin	2.80%

Dividends & Yields

This stock pays an annual dividend of 0.12, which amounts to a dividend yield of 10.26%.

Dividend Per Share	0.12
Dividend Yield	10.26%
Dividend Growth (YoY)	-57.14%
Years of Dividend Growth	n/a
Payout Ratio	210.42%
Buyback Yield	n/a
Shareholder Yield	10.00%
Earnings Yield	4.88%
FCF Yield	5.58%

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 4.1 and a Piotroski F-Score of 4.

Altman Z-Score	4.1
Piotroski F-Score	4