Saturday 17 October 2026
Export SBSW’s income statement to Excel — free account
Sibanye Gold Limited
SBSW Basic Materials Other Precious Metals & Mining
Sibanye Gold Limited’s revenue for fiscal 2025 (year ended December 2025) was $7.3 billion, up 18.6% from fiscal 2024. Insiders bought in the last twelve months.
10.11
0.16
+1.61%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 5.97 | 4.27 | 2.02 | 2.64 | 3.50 | 11.15 | 8.00 | 4.00 | 3.08 | 3.05 |
Analyst estimates 2026–2028 Powerpack |
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| High | 20.56 | 10.60 | 5.50 | 10.09 | 16.59 | 20.68 | 20.64 | 12.44 | 5.93 | 15.83 | |||||
| People | |||||||||||||||
| People | Employees | 58,644 | 53,194 | 52,631 | 69,450 | 66,275 | 84,775 | 66,043 | 63,220 | 57,857 | 57,857 | ||||
| Revenue/emp, $m | 0.04 | 0.06 | 0.07 | 0.07 | 0.12 | 0.14 | 0.13 | 0.10 | 0.11 | 0.13 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 2,131 | 3,457 | 3,845 | 5,054 | 7,784 | 11,658 | 8,477 | 6,162 | 6,122 | 7,262 | ||||
| Gross margin, % | 20.77 | 8.12 | 4.99 | 13.18 | 34.56 | 36.52 | 26.51 | 12.24 | 6.17 | 24.58 | |||||
| EBT | 308 | (556) | (109) | (90) | 2,168 | 3,220 | 1,711 | (2,160) | (230) | (23) | |||||
| EBT margin, % | 14.45 | (16.07) | (2.84) | (1.78) | 27.85 | 27.62 | 20.18 | (35.05) | (3.76) | (0.32) | |||||
| Net income | 671 | (334) | (191) | 732 | 1,871 | 2,288 | 1,163 | (2,029) | (312) | (265) | |||||
| Depreciation | 295 | 429 | 502 | 514 | 464 | 561 | 434 | 543 | 481 | 525 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 8.72 | 6.88 | 6.79 | 8.06 | 11.41 | 16.09 | 12.00 | 8.71 | 8.65 | 10.26 | ||||
| Earnings | 1.02 | (0.65) | (0.32) | 0.01 | 2.60 | 3.08 | 1.60 | (2.88) | (0.56) | (0.40) | |||||
| Cash flow | 1.23 | 0.41 | 1.64 | 1.05 | 2.43 | 3.01 | 1.35 | 0.54 | 0.78 | 1.69 | |||||
| Capex | (1.13) | (0.90) | (0.94) | (0.84) | (0.85) | (1.18) | (1.36) | (1.70) | (1.65) | (1.59) | |||||
| Free cash flow | 0.10 | (0.49) | 0.70 | 0.21 | 1.58 | 1.83 | (0.01) | (1.16) | (0.87) | 0.10 | |||||
| Book value | 4.66 | 3.59 | 3.32 | 3.44 | 6.33 | 7.60 | 7.90 | 3.95 | 3.73 | 3.50 | |||||
| Shares, m | 244 | 503 | 566 | 627 | 682 | 725 | 707 | 708 | 708 | 708 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 3.73 | 6.55 | 0.00 | 0.00 | 23.02 | 8.57 | 9.30 | 7.43 | 4.62 | 19.94 | ||||
| P/S | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| P/B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| EV/Sales | 0.00 | 0.00 | 0.00 | 0.00 | (0.01) | (0.03) | (0.01) | 0.05 | 0.08 | 0.09 | |||||
| EV/FCF | 6.90 | (6.42) | (139.56) | 3.35 | (0.06) | (0.19) | (0.11) | (0.66) | (0.66) | (2.04) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 300 | 206 | 926 | 656 | 1,659 | 2,184 | 953 | 385 | 552 | 1,199 | ||||
| Capex | (276) | (454) | (531) | (527) | (581) | (857) | (963) | (1,206) | (1,171) | (1,128) | |||||
| Free cash flow | 24 | (247) | 395 | 129 | 1,077 | 1,327 | (10) | (821) | (618) | 71 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 100 | 269 | 43 | 820 | 2,124 | 2,998 | 2,485 | 1,377 | 1,504 | 1,489 | ||||
| Total debt | 612 | 1,931 | 1,860 | 1,664 | 1,137 | 1,386 | 1,406 | 2,212 | 2,287 | 2,449 | |||||
| Net debt | 546 | 1,776 | 1,666 | 1,274 | (100) | (665) | (192) | 827 | 1,411 | 1,487 | |||||
| Shareholders’ equity | 1,139 | 1,807 | 1,877 | 2,158 | 4,321 | 5,507 | 5,579 | 2,797 | 2,637 | 2,473 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 9.95 | (7.79) | (3.12) | 0.06 | 23.57 | 24.12 | 10.96 | (22.80) | (5.21) | (3.64) | ||||
| ROIC | 15.16 | 4.59 | 2.98 | 11.67 | 37.83 | 54.62 | 25.93 | 12.90 | 5.62 | 26.30 | |||||
| ROE | 21.75 | (22.69) | (10.30) | 0.21 | 55.29 | 45.54 | 20.34 | (48.89) | (14.66) | (11.33) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025
Charts ten years each
Sibanye Gold Limited vs peers in Other Precious Metals & Mining (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| HL Hecla Mining Company | $10.5B | 30.6× | 16.9× | +52.45% (above 0%: growing) | +100.00% (above 0%: growing) | +13.92% (above 0%: growing) | 64.87% | 43.64% | Compare |
| BVN Buenaventura Mining Company Inc. | $7.9B | 6.7× | 6.9× | +43.17% (above 0%: growing) | +186.11% (above 0%: growing) | +820.20% (above 0%: growing) | 48.14% | 42.00% | Compare |
| SBSW Sibanye Gold Limited | $7.0B | 14.1× | — | −49.13% (below 0%: shrinking) | −76.52% (below 0%: shrinking) | +278.47% (above 0%: growing) | 17.38% | 0.00% | |
| TFPM Triple Flag Precious Metals Corp. | $6.3B | 20.2× | 18.6× | +78.73% (above 0%: growing) | +147.83% (above 0%: growing) | +3,469.10% (above 0%: growing) | 72.03% | 66.94% | Compare |
| PPTA Perpetua Resources Corp. | $2.3B | — (loss-making) | — | — | n/m | −1,165.90% (below 0%: shrinking) | 0.00% | 0.00% | Compare |
| SLSR Solaris Resources Inc. | $1.1B | — (loss-making) | — | — | n/m | −51.52% (below 0%: shrinking) | — | 0.00% | Compare |
| MUX McEwen Inc. | $994.6M | 11.9× | 13.5× | +26.84% (above 0%: growing) | +166.67% (above 0%: growing) | +328.14% (above 0%: growing) | 33.90% | 13.01% | Compare |
| ASM Avino Silver | $881.5M | 19.1× | 15.6× | +22.85% (above 0%: growing) | +200.00% (above 0%: growing) | +106.43% (above 0%: growing) | 48.42% | 34.22% | Compare |
| MTA Metalla Royalty & Streaming Ltd. | $757.4M | — (loss-making) | 79.7× | +93.84% (above 0%: growing) | n/m | +75.32% (above 0%: growing) | 91.00% | 44.37% | Compare |
| Median of peers | $1.7B | 19.1× | 16.3× | +47.81% | +166.67% | +90.88% | 48.42% | 38.11% |
Sibanye Gold Limited (SBSW) key facts
- Strength: Sibanye Gold Limited’s revenue for fiscal 2025 (year ended December 2025) was $7.3 billion, up 18.6% from fiscal 2024.
- Sibanye Gold Limited (SBSW) is an Other Precious Metals & Mining company in the Basic Materials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, SBSW traded at $10.11, a market capitalization of $7.0 billion.
- Sibanye Gold Limited pays an annual dividend of $0.81 per share, a yield of 8.01%.
- Return on equity was −11.3% and debt-to-equity 0.63.
- Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.58 (grey zone) for fiscal 2025.