Obermatt

Kumba Iron Ore

JNB:KIO · ZAE000085346
Metals & MiningLarge

360

85
EV / EBIT100
Price / Owner Earnings49
Owner Earnings Yield100
Dividend Yield100
Price/Sales38
EV / Gross Profit93
Price/Book46
Return on Capital99
Cash Return on Capital98
Return on Equity96
EBIT Margin96
Gross Profitability98
Cash Conversion41
Accruals67
Owner Earnings Margin94
Sales growth6
Profit Growth67
Long-Term EPS Growth1
Owner Earnings Growth61
Reinvestment75
Price momentum45
Debt load95
Refinancing32
Debt Payback100
Liquidity94
Analyst ratings3
Opinion Changes50
Price Target Upside64
Market mood52
Value Creation20/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Kumba Iron Ore generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryUK
IndustryMetals & Mining
SizeLarge
TypePublic Company
ExchangeJSE
Founded2005
Employees809
ISINZAE000085346
Last UpdateApr 2, 2026
Themes
Freight ServiceIndustrial AutomationMining TechnologyMarine Transportation

Description

Kumba Iron Ore Limited operates primarily in the mining sector, focusing on the extraction, production, distribution, and sale of iron ore. Business Segments The company’s key business segments that collectively contribute to its overarching reve…

Analysis

Hidden champion

Kumba Iron Ore Limited fits the profile of a hidden champion, yet the market has not awarded it the premium its quality earns. Worth noting: the cash the business generates has lagged behind what the income statement shows.

On valuation, the picture is attractive. The owner-earnings multiple stands at 6.5×; owner earnings: the cash an owner could take out each year. The implied growth embedded in that price is around -9% a year, against analyst forecasts of -27%. The market is pricing in far more than analysts expect: heroic expectations.

Growth is tepid; the safety picture is sturdy. The company scores 20/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

Flags to be aware of: Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
38
2023202420252026

All-time high

80

Jan 2024

All-time low

22

Nov 2024

Average rank

49

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
38
35
26
33
Price/Earnings
69
64
57
47
Price/Book
46
33
16
20
Dividend Yield
100
96
92
90
Value (overall)
80
69
49
27

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →