Obermatt

Tharisa

JNB:THA · CY0103562118
Metals & MiningSmall

360

87
EV / EBIT93
Price / Owner Earnings17
Owner Earnings Yield75
Dividend Yield1
Price/Sales52
EV / Gross Profit95
Price/Book84
Return on Capital88
Cash Return on Capital63
Return on Equity82
EBIT Margin89
Gross Profitability75
Cash Conversion34
Accruals21
Owner Earnings Margin66
Sales growth73
Profit Growth44
Long-Term EPS Growth69
Owner Earnings Growth100
Reinvestment98
Price momentum57
Debt load85
Refinancing64
Debt Payback100
Liquidity81
Analyst ratings17
Opinion Changes50
Price Target Upside28
Market mood51
Value Creation16/20strong 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

Tharisa generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryCyprus
IndustryMetals & Mining
SizeSmall
TypePublic Company
ExchangeJSE
Founded2008
Employees432
ISINCY0103562118
Last UpdateApr 2, 2026
Index & Theme
Mining TechnologyBatteryClean EnergyCleanTechEnergyEnergy StorageManufacturingRenewable Energy

Description

Tharisa plc engages in the mining and production of platinum group metals (PGMs) and chrome concentrates. The company operates primarily in Southern Africa, leveraging advanced mining technology and expertise to enhance operational efficiency and out…

Analysis

Middle-of-the-road

Tharisa plc is a middle-of-the-road business: neither the economics nor the price stand out from the peer group. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is fair. You pay 24.3× its owner earnings: the cash an owner could take out each year, which is in the historically fair zone.

The trajectory is solid and the balance sheet is sturdy. The company scores 16/20 on our value-creation score: strong value creator. Analyst sentiment is cautious.

What to watch: 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
68
2023202420252026

All-time high

100

Mar 2026

All-time low

68

Jun 2026

Average rank

90

across all years

Detailed & Historical Ranks

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

Current202520242023
Price/Sales
52
66
73
61
Price/Earnings
83
100
100
95
Price/Book
84
88
84
72
Dividend Yield
1
80
83
93
Value (overall)
48
95
99
93

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 →