PAN AFRICAN RESOURCES PLCPP

PAN AFRICAN RESOURCES PLC

43.35GBXD
+0.55+1.23%
At close at Mar 28, 16:29 GMT
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PAFL fundamentals

Key facts

Market capitalization‪746.04 M‬GBP
Founded2000
Employees (FY)‪2.7 K‬
CEOCobus Loots
About

Pan African Resources Plc is an exploration company, which engages in mining and production of gold and precious metals. It operates through the following segments: Barberton Mines, Evander Mines, Solar Projects, MTR Project, Mining Operations, Exploration Assets, Agricultural ESG Projects, Corporate, and Funding Company. The Barberton Mines segment sells gold to financial institutions located in Barberton, South Africa. The Evander Mines segment offers gold to financial institutions located in Evander, South Africa. The MTR Project segment refers to the process of gold tailings deposits in the Mogale district. The Solar Projects segment consists of the solar plant located at Evander Mines. The Exploration Assets segment consist of five prospecting concessions (or exploration licenses) in north-eastern Sudan. The Agricultural ESG Projects segment comprise the Group's Barberton Blueberries project. The Corporate segment consists of the Group's holding companies and management services company which renders services to the Group and is in Johannesburg. The Funding Company segment is the centralized treasury function of the Group located in Johannesburg. The company was founded on February 25, 2000, and is headquartered in Johannesburg, South Africa.

Ownership
‪‪1.72 B‬‬
Free Float shares
‪‪1.43 B‬‬ (82.97%)
Closely held shares
‪‪293.43 M‬‬ (17.03%)
Free Float shares
‪‪1.43 B‬‬ (82.97%)
Closely held shares
‪‪293.43 M‬‬ (17.03%)
Capital structure
Market cap
‪‪746.04 M‬‬
Debt
‪‪192.87 M‬‬
Minority interest
‪‪−1.48 M‬‬
Cash & equivalents
‪‪13.70 M‬‬
Enterprise value
‪‪923.73 M‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪746.04 M‬‬
Price to earning ratio (P/E)
12.81x
Price to sales ratio (P/S)
2.86x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
12.81x
Price to sales ratio (P/S)
2.86x
Valuation ratios
‪0.00‬
‪0.45‬
‪0.90‬
‪1.35‬
‪1.80‬
H1 '23
H2 '23
H1 '24
H2 '24
H1 '25
‪0.00‬
‪2.00‬
‪4.00‬
‪6.00‬
‪8.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪15.0%‬
‪17.5%‬
‪20.0%‬
‪22.5%‬
‪25.0%‬
H1 '23
H2 '23
H1 '24
H2 '24
H1 '25
‪0.00‬
‪‪40.00 M‬‬
‪‪80.00 M‬‬
‪‪120.00 M‬‬
‪‪160.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪0.00‬
‪‪40.00 M‬‬
‪‪80.00 M‬‬
‪‪120.00 M‬‬
‪‪160.00 M‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪0.00‬
‪‪40.00 M‬‬
‪‪80.00 M‬‬
‪‪120.00 M‬‬
‪‪160.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2024
Evander Mines
Barberton Mines
Agricultural Projects
By country
Period: 2024
South Africa

Estimates

Revenue and Earnings forecasts and estimates accuracy

Revenue
H2 '23
H1 '24
H2 '24
H1 '25
H2 '25
‪0.00‬
‪‪70.00 M‬‬
‪‪140.00 M‬‬
‪‪210.00 M‬‬
‪‪280.00 M‬‬
Actual
Estimate
Earnings
Next:Sep 10, 2025
H2 '23
H1 '24
H2 '24
H1 '25
H2 '25
‪0.00‬
‪0.01‬
‪0.02‬
‪0.03‬
‪0.04‬
Actual
Estimate

Dividends

Dividend yield, history and sustainability

Dividend summary
28.72%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
2.22%
Last payment
0.01
Last ex-date
Nov 28, 2024
Dividend history
‪3.5%‬
‪4.2%‬
‪4.9%‬
‪5.6%‬
‪6.3%‬
2020
2021
2022
2023
2024
‪0.00‬
‪0.00‬
‪0.01‬
‪0.01‬
‪0.01‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Debt level and coverage
H1 '23
H2 '23
H1 '24
H2 '24
H1 '25
‪‪−70.00 M‬‬
‪0.00‬
‪‪70.00 M‬‬
‪‪140.00 M‬‬
‪‪210.00 M‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪160.00 M‬‬
‪‪320.00 M‬‬
‪‪480.00 M‬‬
‪‪640.00 M‬‬
Assets
Liabilities