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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: 24 441 Zac -4.75% Market Closed
Market Cap: 221B ZAR

P/S

2.1
Current
96%
More Expensive
vs 3-y average of 1.1

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.1
=
Market Cap
Zac238.7B
/
Revenue
104B

Price to Sales (P/S) ratio shows how much investors pay for each dollar of a company`s sales. It`s calculated by dividing the company`s market value by its total revenue.

P/S
2.1
=
Market Cap
Zac238.7B
/
Revenue
104B

Valuation Scenarios

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

If P/S returns to its 3-Year Average (1.1), the stock would be worth Zac12 497.96 (49% downside from current price).

Statistics
Positive Scenarios
1/4
Maximum Downside
-82%
Maximum Upside
+135%
Average Downside
9%
Scenario P/S Value Implied Price Upside/Downside
Current Multiple 2.1 Zac24 441
0%
3-Year Average 1.1 Zac12 497.96
-49%
5-Year Average 1.2 Zac14 334.16
-41%
Industry Average 5 Zac57 472.61
+135%
Country Average 0.4 Zac4 490.9
-82%

Forward P/S
Today’s price vs future revenue

Today's Market Cap Revenue Forward P/S
Zac238.7B
/
Jan 2026
104B
=
2.1
Current
Zac238.7B
/
Jun 2026
140.3B
=
1.7
Forward
Zac238.7B
/
Jun 2027
184.4B
=
1.3
Forward
Zac238.7B
/
Jun 2028
169.1B
=
1.4
Forward

Forward P/S shows whether today’s P/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
P/S
P/E
All Countries
Close

Market Distribution

Higher than 77% of companies in South Africa
Percentile
77th
Based on 22 companies
77th percentile
2.1
Low
0 — 0.1
Typical Range
0.1 — 0.6
High
0.6 —
Distribution Statistics
South Africa
Min 0
30th Percentile 0.1
Median 0.4
70th Percentile 0.6
Max 5

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 2%
Intrinsic Value
Price Zac24 441
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