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Impala Platinum Holdings Ltd
JSE:IMP

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Impala Platinum Holdings Ltd
JSE:IMP
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Price: 25 462 Zac -4.21% Market Closed
Market Cap: 230.3B ZAR

P/OCF

16.9
Current
70%
More Expensive
vs 3-y average of 10

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
16.9
=
Market Cap
Zac238.7B
/
Operating Cash Flow
13.5B

Price to Operating Cash Flow (P/OCF) ratio compares a company`s market value to the cash it generates from its core operations.

P/OCF
16.9
=
Market Cap
Zac238.7B
/
Operating Cash Flow
13.5B

Valuation Scenarios

Impala Platinum Holdings Ltd is trading above its 3-year average

If P/OCF returns to its 3-Year Average (10), the stock would be worth Zac15 019.37 (41% downside from current price).

Statistics
Positive Scenarios
0/4
Maximum Downside
-67%
Maximum Upside
No Upside Scenarios
Average Downside
44%
Scenario P/OCF Value Implied Price Upside/Downside
Current Multiple 16.9 Zac25 462
0%
3-Year Average 10 Zac15 019.37
-41%
5-Year Average 5.5 Zac8 326.3
-67%
Industry Average 13 Zac19 587.06
-23%
Country Average 9.3 Zac13 942.03
-45%

Forward P/OCF
Today’s price vs future operating cash flow

Not enough data available to calculate forward P/OCF

Peer Comparison

All Multiples
P/OCF
P/E
All Countries
Close

Market Distribution

Higher than 75% of companies in South Africa
Percentile
75th
Based on 20 companies
75th percentile
16.9
Low
1.4 — 2.5
Typical Range
2.5 — 13
High
13 —
Distribution Statistics
South Africa
Min 1.4
30th Percentile 2.5
Median 9.3
70th Percentile 13
Max 95.6

Impala Platinum Holdings Ltd
Glance View

Impala Platinum Holdings Ltd, commonly referred to as Implats, operates at the beating heart of one of South Africa's most vital industries: platinum mining. Founded in 1966, this Johannesburg-based mining titan has grown to become one of the world's leading producers of platinum group metals (PGMs), which include platinum, palladium, and rhodium—metals critical to automotive catalytic converters, jewelry, and various industrial applications. Implats' prowess in mining is not confined to a single geographical location; its operations stretch across the rich mineral belts of South Africa, notably in the Bushveld Complex, as well as significant ventures in Zimbabwe through its subsidiary, Zimplats. The company extracts these precious metals from the depths of several mines, leveraging a combination of advanced technology and skilled human capital to navigate the geological challenges inherent in deep-level mining. Once extracted, Implats' value chain extends beyond simple mining. The company employs a sophisticated process that includes smelting and refining, converting raw mineral ore into marketable commodities. This refined product is then sold to industrial clients around the world. By integrating its operations from mining to market, Implats maximizes control over quality and reduces reliance on third-party processors, which translates to enhanced profitability. In recent years, with the increasing global focus on reducing carbon emissions, demand for PGMs in the automotive industry has remained robust. Implats has strategically positioned itself to capitalize on this trend, not only by maintaining operational efficiency but also by investing in sustainable practices to ensure long-term viability in an industry where environmental considerations are becoming as crucial as economic ones.

IMP Intrinsic Value
23 830.22 Zac
Overvaluation 6%
Intrinsic Value
Price Zac25 462
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