Merafe Resources Limited Logo

Merafe Resources Limited

MRF.JO

(2.8)
Stock Price

144,00 ZAc

41.37% ROA

53.8% ROE

1.27x PER

Market Cap.

3.598.747.200,00 ZAc

0.03% DER

29.17% Yield

17.41% NPM

Merafe Resources Limited Stock Analysis

Merafe Resources Limited Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Merafe Resources Limited Fundamental Stock Analysis
# Analysis Rating
1 ROE

ROE surpassing expectations (34.81%) highlights strong profitability and efficient use of shareholders' equity, making it an appealing investment prospect.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 PBV

With a remarkably low PBV ratio (0.69x), the stock offers substantial upside potential at a bargain price.

4 DER

The stock has a minimal amount of debt (3%) relative to its ownership, showcasing a strong financial position and lower risk for investors.

5 Dividend

The company's consistent dividend payouts over the past five years exemplify its strong commitment to providing shareholders with reliable returns, making it an attractive investment option.

6 Assets Growth

Over the past three years, this company's revenue has consistently grown, demonstrating a positive financial trend that makes it an appealing choice.

7 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

8 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

9 Graham Number

The company's Graham number indicates that it is overvalued compared to its stock price, suggesting a potentially unfavorable investment opportunity.

10 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

11 Buffet Intrinsic Value

The company's stock shows signs of being overvalued (-4) according to Warren Buffett's formula, indicating a potential downside as its market price exceeds its estimated intrinsic value.

Merafe Resources Limited Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Merafe Resources Limited Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Sell

Merafe Resources Limited Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Merafe Resources Limited Revenue
Year Revenue Growth
2001 44.643.192
2002 183.782.204 75.71%
2003 554.442.174 66.85%
2004 502.369.000 -10.37%
2005 614.562.000 18.26%
2006 1.030.486.000 40.36%
2007 1.655.803.000 37.77%
2008 2.781.304.000 40.47%
2009 1.839.169.000 -51.23%
2010 2.558.441.000 28.11%
2011 2.426.755.000 -5.43%
2012 2.541.984.000 4.53%
2013 3.496.983.000 27.31%
2014 3.609.066.000 3.11%
2015 4.428.075.000 18.5%
2016 5.701.567.000 22.34%
2017 5.888.945.000 3.18%
2018 5.606.324.000 -5.04%
2019 5.379.329.000 -4.22%
2020 4.780.387.000 -12.53%
2021 8.060.342.000 40.69%
2022 7.936.110.000 -1.57%
2023 9.244.022.000 14.15%
2024 18.977.336.000 51.29%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Merafe Resources Limited Research and Development Expenses
Year Research and Development Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Merafe Resources Limited General and Administrative Expenses
Year General and Administrative Expenses Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 803.594.000 100%
2019 842.681.000 4.64%
2020 0 0%
2021 0 0%
2022 0 0%
2023 0 0%
2024 0 0%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Merafe Resources Limited EBITDA
Year EBITDA Growth
2001 -10.212.631
2002 -98.992.735 89.68%
2003 -23.426.503 -322.57%
2004 67.411.000 134.75%
2005 113.177.000 40.44%
2006 179.370.000 36.9%
2007 465.821.000 61.49%
2008 1.537.067.000 69.69%
2009 -72.718.000 2213.74%
2010 538.671.000 113.5%
2011 391.113.000 -37.73%
2012 395.194.000 1.03%
2013 634.311.000 37.7%
2014 590.342.000 -7.45%
2015 817.935.000 27.83%
2016 1.137.241.000 28.08%
2017 1.673.892.000 32.06%
2018 1.364.536.000 -22.67%
2019 2.294.625.000 40.53%
2020 175.284.000 -1209.09%
2021 2.446.246.000 92.83%
2022 2.169.377.000 -12.76%
2023 2.208.082.000 1.75%
2024 4.575.704.000 51.74%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Merafe Resources Limited Gross Profit
Year Gross Profit Growth
2001 5.228.680
2002 -74.456.287 107.02%
2003 -26.864.870 -177.15%
2004 59.248.000 145.34%
2005 103.175.000 42.58%
2006 153.317.000 32.7%
2007 418.777.000 63.39%
2008 1.533.509.000 72.69%
2009 -18.558.000 8363.33%
2010 2.558.441.000 100.73%
2011 2.426.755.000 -5.43%
2012 2.401.984.000 -1.03%
2013 3.317.983.000 27.61%
2014 3.372.066.000 1.6%
2015 4.160.723.000 18.95%
2016 5.371.674.000 22.54%
2017 5.520.733.000 2.7%
2018 5.200.776.000 -6.15%
2019 4.912.068.000 -5.88%
2020 4.627.026.000 -6.16%
2021 7.949.157.000 41.79%
2022 7.716.637.000 -3.01%
2023 4.028.143.000 -91.57%
2024 3.900.896.000 -3.26%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Merafe Resources Limited Net Profit
Year Net Profit Growth
2001 -23.122.916
2002 -147.535.503 84.33%
2003 -107.124.149 -37.72%
2004 20.724.000 616.91%
2005 41.707.000 50.31%
2006 139.143.000 70.03%
2007 240.113.000 42.05%
2008 1.027.691.000 76.64%
2009 -152.325.000 774.67%
2010 278.704.000 154.65%
2011 116.750.000 -138.72%
2012 48.873.000 -138.88%
2013 210.616.000 76.8%
2014 214.097.000 1.63%
2015 343.457.000 37.66%
2016 532.430.000 35.49%
2017 914.118.000 41.75%
2018 683.416.000 -33.76%
2019 -1.361.819.000 150.18%
2020 -1.003.027.000 -35.77%
2021 1.673.665.000 159.93%
2022 1.410.010.000 -18.7%
2023 1.752.964.000 19.56%
2024 2.878.348.000 39.1%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Merafe Resources Limited Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2001 0
2002 0 0%
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 -1 0%
2020 0 0%
2021 1 0%
2022 1 0%
2023 1 0%
2024 1 100%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Merafe Resources Limited Free Cashflow
Year Free Cashflow Growth
2001 -508.924.324
2002 -53.193.686 -856.74%
2003 -152.916.193 65.21%
2004 -16.629.000 -819.58%
2005 -545.030.000 96.95%
2006 -294.615.000 -85%
2007 -76.724.000 -283.99%
2008 0 0%
2009 -15.758.000 100%
2010 -24.676.000 36.14%
2011 -109.284.000 77.42%
2012 -346.180.000 68.43%
2013 -118.685.000 -191.68%
2014 -137.247.000 13.52%
2015 652.177.000 121.04%
2016 213.926.000 -204.86%
2017 996.078.000 78.52%
2018 66.231.000 -1403.95%
2019 229.569.000 71.15%
2020 152.320.000 -50.71%
2021 665.689.000 77.12%
2022 1.213.459.000 45.14%
2023 1.207.961.000 -0.46%
2024 598.620.000 -101.79%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Merafe Resources Limited Operating Cashflow
Year Operating Cashflow Growth
2001 0
2002 0 0%
2003 -100.825.097 100%
2004 319.000 31706.61%
2005 52.067.000 99.39%
2006 -128.026.000 140.67%
2007 304.620.000 142.03%
2008 0 0%
2009 166.825.000 100%
2010 245.822.000 32.14%
2011 295.120.000 16.7%
2012 257.046.000 -14.81%
2013 486.606.000 47.18%
2014 306.065.000 -58.99%
2015 955.682.000 67.97%
2016 501.508.000 -90.56%
2017 1.399.874.000 64.17%
2018 478.495.000 -192.56%
2019 761.042.000 37.13%
2020 495.306.000 -53.65%
2021 1.155.924.000 57.15%
2022 1.697.696.000 31.91%
2023 1.879.326.000 9.66%
2024 851.842.000 -120.62%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Merafe Resources Limited Capital Expenditure
Year Capital Expenditure Growth
2001 508.924.324
2002 53.193.686 -856.74%
2003 52.091.096 -2.12%
2004 16.948.000 -207.36%
2005 597.097.000 97.16%
2006 166.589.000 -258.43%
2007 381.344.000 56.32%
2008 0 0%
2009 182.583.000 100%
2010 270.498.000 32.5%
2011 404.404.000 33.11%
2012 603.226.000 32.96%
2013 605.291.000 0.34%
2014 443.312.000 -36.54%
2015 303.505.000 -46.06%
2016 287.582.000 -5.54%
2017 403.796.000 28.78%
2018 412.264.000 2.05%
2019 531.473.000 22.43%
2020 342.986.000 -54.95%
2021 490.235.000 30.04%
2022 484.237.000 -1.24%
2023 671.365.000 27.87%
2024 253.222.000 -165.13%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Merafe Resources Limited Equity
Year Equity Growth
2001 363.610.745
2002 231.104.398 -57.34%
2003 231.960.439 0.37%
2004 319.029.000 27.29%
2005 904.868.000 64.74%
2006 1.105.989.000 18.18%
2007 1.438.526.000 23.12%
2008 2.479.338.000 41.98%
2009 2.333.536.000 -6.25%
2010 2.575.005.000 9.38%
2011 2.658.668.000 3.15%
2012 2.709.629.000 1.88%
2013 2.925.837.000 7.39%
2014 3.123.502.000 6.33%
2015 3.414.689.000 8.53%
2016 3.897.156.000 12.38%
2017 4.635.525.000 15.93%
2018 4.892.978.000 5.26%
2019 3.380.517.000 -44.74%
2020 2.277.062.000 -48.46%
2021 3.769.982.000 39.6%
2022 4.330.289.000 12.94%
2023 5.258.541.000 17.65%
2023 5.054.090.000 -4.05%
2024 5.428.320.000 6.89%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Merafe Resources Limited Assets
Year Assets Growth
2001 743.671.546
2002 788.782.575 5.72%
2003 849.090.091 7.1%
2004 1.227.617.000 30.83%
2005 2.023.340.000 39.33%
2006 2.107.450.000 3.99%
2007 2.586.202.000 18.51%
2008 3.754.350.000 31.11%
2009 3.403.899.000 -10.3%
2010 3.817.608.000 10.84%
2011 3.922.138.000 2.67%
2012 4.292.112.000 8.62%
2013 5.003.610.000 14.22%
2014 5.401.147.000 7.36%
2015 5.357.605.000 -0.81%
2016 5.962.403.000 10.14%
2017 6.355.447.000 6.18%
2018 6.579.785.000 3.41%
2019 4.559.293.000 -44.32%
2020 3.113.094.000 -46.46%
2021 4.945.183.000 37.05%
2022 5.680.632.000 12.95%
2023 6.661.294.000 14.72%
2023 6.524.192.000 -2.1%
2024 6.827.791.000 4.45%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Merafe Resources Limited Liabilities
Year Liabilities Growth
2001 380.060.801
2002 557.678.177 31.85%
2003 617.129.652 9.63%
2004 908.588.000 32.08%
2005 1.118.472.000 18.77%
2006 1.001.461.000 -11.68%
2007 1.147.676.000 12.74%
2008 1.275.012.000 9.99%
2009 1.070.363.000 -19.12%
2010 1.242.603.000 13.86%
2011 1.263.470.000 1.65%
2012 1.582.483.000 20.16%
2013 2.077.773.000 23.84%
2014 2.277.645.000 8.78%
2015 1.942.916.000 -17.23%
2016 2.065.247.000 5.92%
2017 1.719.922.000 -20.08%
2018 1.686.807.000 -1.96%
2019 1.178.776.000 -43.1%
2020 836.032.000 -41%
2021 1.175.201.000 28.86%
2022 1.350.343.000 12.97%
2023 1.402.753.000 3.74%
2023 1.470.102.000 4.58%
2024 1.399.471.000 -5.05%

Merafe Resources Limited Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
6.49
Net Income per Share
1.13
Price to Earning Ratio
1.27x
Price To Sales Ratio
0.22x
POCF Ratio
1.1
PFCF Ratio
1.69
Price to Book Ratio
0.66
EV to Sales
0.12
EV Over EBITDA
0.51
EV to Operating CashFlow
0.58
EV to FreeCashFlow
0.89
Earnings Yield
0.78
FreeCashFlow Yield
0.59
Market Cap
3,60 Bil.
Enterprise Value
1,89 Bil.
Graham Number
7.43
Graham NetNet
1.02

Income Statement Metrics

Net Income per Share
1.13
Income Quality
1.16
ROE
0.54
Return On Assets
0.41
Return On Capital Employed
0.55
Net Income per EBT
0.75
EBT Per Ebit
1.16
Ebit per Revenue
0.2
Effective Tax Rate
0.26

Margins

Sales, General, & Administrative to Revenue
0
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.32
Operating Profit Margin
0.2
Pretax Profit Margin
0.23
Net Profit Margin
0.17

Dividends

Dividend Yield
0.29
Dividend Yield %
29.17
Payout Ratio
0.57
Dividend Per Share
0.42

Operating Metrics

Operating Cashflow per Share
1.31
Free CashFlow per Share
0.85
Capex to Operating CashFlow
0.35
Capex to Revenue
0.07
Capex to Depreciation
2.37
Return on Invested Capital
0.44
Return on Tangible Assets
0.41
Days Sales Outstanding
42.08
Days Payables Outstanding
29.33
Days of Inventory on Hand
54.97
Receivables Turnover
8.67
Payables Turnover
12.44
Inventory Turnover
6.64
Capex per Share
0.46

Balance Sheet

Cash per Share
0,69
Book Value per Share
2,17
Tangible Book Value per Share
2.17
Shareholders Equity per Share
2.17
Interest Debt per Share
0
Debt to Equity
0
Debt to Assets
0
Net Debt to EBITDA
-0.46
Current Ratio
5.76
Tangible Asset Value
5,43 Bil.
Net Current Asset Value
3,86 Bil.
Invested Capital
5816417000
Working Capital
4,34 Bil.
Intangibles to Total Assets
0
Average Receivables
1,74 Bil.
Average Payables
0,82 Bil.
Average Inventory
1791488000
Debt to Market Cap
0

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Merafe Resources Limited Dividends
Year Dividends Growth
2010 2
2011 2 0%
2014 1 -100%
2015 2 0%
2016 2 0%
2017 7 85.71%
2018 17 56.25%
2019 6 -166.67%
2020 4 -50%
2021 7 42.86%
2022 34 79.41%
2023 33 -3.03%
2024 42 21.43%

Merafe Resources Limited Profile

About Merafe Resources Limited

Merafe Resources Limited, together with its subsidiaries, engages in the mining and beneficiation of chrome ore into ferrochrome. The company operates five ferrochrome smelters, twenty-two ferrochrome furnaces, six chrome ore mines, and five UG2 plants. It primarily serves stainless steel mills in Africa, the Middle East, the United States, Brazil, Mexico, China, India, Indonesia, Japan, South Korea, Taiwan, Australia, Germany, Italy, Spain, France, and Belgium. The company was incorporated in 1987 and is based in Bryanston, South Africa.

CEO
Ms. Zanele Joyce Matlala B.Com
Employee
10.592
Address
Building B
Bryanston, 2191

Merafe Resources Limited Executives & BODs

Merafe Resources Limited Executives & BODs
# Name Age
1 Mr. William R. Somerville ACMA, FCIS, HDip Corp Law
Company Secretary
70
2 Ms. Zanele Joyce Matlala B.Com., BCompt (Hons), C.A., CA (SA)
Chief Executive Officer & Executive Director
70
3 Mr. Ditabe Salthiel Chocho BCom, CA(SA), MSc
Financial Director & Executive Director
70

Merafe Resources Limited Competitors