South32 Limited

The principal activities of South32 Limited are mining and metal production, from a portfolio of assets that include alumina, aluminium, bauxite, energy coal, metallurgical coal, manganese ore, manganese alloy, nickel, silver, lead and zinc.

South32 Limited report their financial statements in $US and this may distort their valuations.

Australia Stock Exchange: S32

Profit or Loss

($) 30 Jun 2021 30 Jun 2020 30 Jun 2019 30 Jun 2018 30 Jun 2017 30 Jun 2016
Revenue 5,476,000,000 6,075,000,000 7,274,000,000 7,549,000,000 6,950,000,000 5,812,000,000
Cost of Goods Sold -1,699,000,000 -2,192,000,000 -2,201,000,000 -2,332,000,000 -2,040,000,000 -2,162,000,000
Gross Profit 3,777,000,000 3,883,000,000 5,073,000,000 5,217,000,000 4,910,000,000 3,650,000,000
Operating Costs -3,574,000,000 -3,622,000,000 -4,186,000,000 -3,498,000,000 -3,115,000,000 -5,091,000,000
Operating Profit 203,000,000 261,000,000 887,000,000 1,719,000,000 1,795,000,000 -1,441,000,000
Financing Costs -161,000,000 -139,000,000 -84,000,000 -100,000,000 -171,000,000 -104,000,000
Profit Before Tax 42,000,000 122,000,000 803,000,000 1,619,000,000 1,624,000,000 -1,545,000,000
Income Tax 100,000,000 -187,000,000 -414,000,000 -287,000,000 -393,000,000 -70,000,000
Profit 142,000,000 -65,000,000 389,000,000 1,332,000,000 1,231,000,000 -1,615,000,000

Balance Sheet

($) 30 Jun 2021 30 Jun 2020 30 Jun 2019 30 Jun 2018 30 Jun 2017 30 Jun 2016
Current Assets 2,922,000,000 2,663,000,000 3,401,000,000 4,821,000,000 4,332,000,000 2,701,000,000
Non-Current Assets 10,320,000,000 11,074,000,000 11,314,000,000 10,312,000,000 10,401,000,000 10,673,000,000
Total Assets 13,242,000,000 13,737,000,000 14,715,000,000 15,133,000,000 14,733,000,000 13,374,000,000
Current Liabilities 1,462,000,000 1,271,000,000 1,688,000,000 1,664,000,000 1,744,000,000 1,377,000,000
Non-Current Liabilities 2,826,000,000 2,904,000,000 2,859,000,000 2,760,000,000 2,754,000,000 2,575,000,000
Total Liabilities 4,288,000,000 4,175,000,000 4,547,000,000 4,424,000,000 4,498,000,000 3,952,000,000
Total Equity 8,954,000,000 9,562,000,000 10,168,000,000 10,709,000,000 10,235,000,000 9,422,000,000

Cash Flow

($) 30 Jun 2021 30 Jun 2020 30 Jun 2019 30 Jun 2018 30 Jun 2017 30 Jun 2016
Cash Flow from Operating Activities 1,405,000,000 1,365,000,000 1,817,000,000 1,717,000,000 2,132,000,000 1,030,000,000
Cash Flow from Investing Activities -608,000,000 -873,000,000 -2,312,000,000 -301,000,000 -289,000,000 -342,000,000
Cash Flow from Financing Activities -501,000,000 -562,000,000 -1,071,000,000 -1,119,000,000 -393,000,000 -99,000,000
Net Change in Cash 296,000,000 -70,000,000 -1,566,000,000 297,000,000 1,450,000,000 589,000,000
Cash at Beginning 1,315,000,000 1,406,000,000 2,970,000,000 2,675,000,000 1,225,000,000 644,000,000
Exchange Fluctuations 2,000,000 -21,000,000 2,000,000 -2,000,000 0 -8,000,000
Cash at End of Period 1,613,000,000 1,315,000,000 1,406,000,000 2,970,000,000 2,675,000,000 1,225,000,000

Profitability

  30 Jun 2021 30 Jun 2020 30 Jun 2019 30 Jun 2018 30 Jun 2017 30 Jun 2016
Gross Margin 69.0% 63.9% 69.7% 69.1% 70.6% 62.8%
Operating Margin 3.7% 4.3% 12.2% 22.8% 25.8% -24.8%
Profit Margin 2.6% -1.1% 5.3% 17.6% 17.7% -27.8%

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Management Effectiveness

  30 Jun 2021 30 Jun 2020 30 Jun 2019 30 Jun 2018 30 Jun 2017 30 Jun 2016
Return on Assets 1.1% -0.5% 2.6% 8.8% 8.4% -12.1%
Return on Equity 1.6% -0.7% 3.8% 12.4% 12.0% -17.1%
Current Ratio 2.00 2.10 2.01 2.90 2.48 1.96
Debt to Equity Ratio 0.48 0.44 0.45 0.41 0.44 0.42

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Valuation

  30 Jun 2021 30 Jun 2020 30 Jun 2019 30 Jun 2018 30 Jun 2017 30 Jun 2016
Share Price ($) 2.93 2.04 3.18 3.61 2.68 1.54
Shares on Issue 4,674,538,013 4,846,267,883 5,005,503,575 5,119,913,775 5,217,919,888 5,323,762,901
Market Capitalisation ($) 13,696,396,378 9,886,386,481 15,917,501,369 18,482,888,728 13,984,025,300 8,198,594,868
Revenue per Share ($) 1.17 1.25 1.45 1.47 1.33 1.09
Earnings per Share ($) 0.03 -0.01 0.08 0.26 0.24 -0.30
Dividend per Share ($) 0.02 0.05 0.13 -0.14 0.05 0.00
Dividend Yield 0.8% 2.5% 4.1% -3.8% 1.7% 0.0%
Price to Sales Ratio 2.5 1.6 2.2 2.4 2.0 1.4
Price to Earnings Ratio 96.5 -152.1 40.9 13.9 11.4 -5.1
Price to Book Ratio 1.5 1.0 1.6 1.7 1.4 0.9

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