What is Northam Platinum (NPH)'s P/E ratio?

Northam Platinum (NPH) trades at a P/E of 11.1x (price to trailing 12-month earnings).

What is Northam Platinum (NPH)'s EV/EBITDA?

Northam Platinum (NPH) trades at 10.4x EV/EBITDA.

What is Northam Platinum (NPH)'s P/B ratio?

Northam Platinum (NPH) trades at a P/B of 3.2x.

What is Northam Platinum (NPH)'s dividend yield?

Northam Platinum (NPH)'s trailing 12-month dividend yield is 3.5%.

What is Northam Platinum (NPH)'s return on equity (ROE)?

Northam Platinum (NPH)'s ROE is 42.2%.

What is Northam Platinum (NPH)'s market capitalization?

Northam Platinum (NPH)'s market cap is 101.8 bn ZAR.

Northam Platinum (NPH) Stock — Financials, Valuation & Dividends

Price chart

260.71 ZARDay 1.30%

Key metrics

Market

Price

260.71 ZAR · 1.30%

Market cap

101.8 bn ZAR

Growth

Δ revenue y/y

60.0%

Δ EBITDA y/y

274.8%

Multiples

P/E (LTM)

11.1x

P/B (FY)

3.2x

P/E (ann.)

6.4x

EV/EBITDA (LTM)

10.4x

EV/EBITDA (ann.)

7.8x

Cash return

Dividend yield

3.5%

FCF yield (LTM)

1.1%

Value creation

to target market cap (spot commodity model)

Upside (potential)

-38.6%

↓ details

Liquidity

Daily turnover (listing)

422.2 mln ZAR

Shares: yahoo_fundamentals_timeseries/NPH.JO

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B ZAR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

Date	Period	Status	RevenueB ZAR	Operating profitB ZAR	D&AB ZAR	EBITDAB ZAR	Net profitB ZAR	Operating CFB ZAR	Capex + M&AB ZAR	AssetsB ZAR	EquityB ZAR	ROE (annualized)	Net debtB ZAR	Source
2025-12-31	H1 2026 (6M)	OK	23.3 y/y 60.0% y/y 60.0%	5.8 y/y 461.6% y/y 461.6%	0.8 y/y 12.2% y/y 12.2%	6.6 y/y 274.8% y/y 274.8%	7.9 y/y 3192.6% y/y 3192.6%	6.6	-2.7	67.4 y/y 27.1%	39.3 y/y 28.9%	44.2%	1.2	Link
2025-06-30	H2 2025 (6M)	OK	18.4 y/y 6.9% y/y 16.5%	2.5 y/y -27.0% y/y 1.9%	0.8 y/y 6.1% y/y 1.9%	3.2 y/y -19.5% y/y 1.9%	1.2 y/y -17.2% y/y -1.3%	4.3	-2.5	58.1 y/y 7.5%	32.1 y/y 5.5%	4.8%	5.4	—
2024-12-31	H1 2025 (6M)	OK	14.5 y/y -3.1% y/y -3.1%	1.0 y/y -56.5% y/y -56.5%	0.7 y/y 10.9% y/y 10.9%	1.8 y/y -41.8% y/y -41.8%	0.2 y/y -55.0% y/y -55.0%	0.4	-2.4	53.0 y/y -5.9%	30.4 y/y 0.0%	1.6%	2.3	Link
2024-06-30	H2 2024 (6M)	OK	15.8 y/y -22.2% y/y —	2.4 y/y -69.0% y/y —	0.7 y/y 23.0% y/y —	3.2 y/y -62.6% y/y —	1.3 y/y -29.6% y/y —	2.8	-2.2	54.0 y/y -10.4%	30.5 y/y -3.1%	5.9%	3.4	—
2023-12-31	H1 2024 (6M)	OK	15.0 y/y — y/y —	2.4 y/y — y/y —	0.7 y/y — y/y —	3.0 y/y — y/y —	0.5 y/y — y/y —	0.7	-2.4	56.4 y/y —	30.4 y/y —	3.4%	-1.7	Link
2023-06-30	FY 2023 (12M)	OK	39.5 y/y — y/y —	15.5 y/y — y/y —	1.1 y/y — y/y —	16.6 y/y — y/y —	2.6 y/y — y/y —	14.0	-5.5	60.3 y/y —	31.5 y/y —	—	9.7	—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

Year-over-year change

Cash flow

FCF (ZAR mln)

Net debt / cash (ZAR mln)

Profit and cash

Profit is cash-backed

In a typical year of 2022–2025 operating cash flow came to 2.58x of reported net profit; after capex, 0.27x.

year	2022	2023	2024	2025
cash flow / profit	1.16x	5.48x	1.97x	3.18x
accruals, % of assets	-2.7%	-19.0%	-3.2%	-5.6%

Last twelve months (to 2025-12-31): 1.20x of profit came back as operating cash flow.

net debt / EBITDA 1.1x · capex 4.0x of depreciation

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Key-commodity price — Platinum

Current 1 757spot vs LTM +16%

Commodity-player potential

Target market cap from conservative EBITDA and the historical EV/EBITDA

Upside: -38.6%

Main driver: Platinum +35% vs LTM; revenue ×1.16 vs costs ×1.04; EBITDA 9 988→10 277; at 6.1× EV/EBITDA → -39%.

Product prices — moves vs the LTM average

Commodity	Share	Spot	LTM	3-yr	vs LTM, $	vs LTM, ZAR	3y vs LTM
Platinum (rev)	+45%	1 756.90	1 301.45	1 313.82	+35%	+21%	+1%
Palladium (rev)	+30%	1 325.50	1 174.67	1 208.97	+13%	+1%	+3%
Rhodium (rev)	+25%	8 800.00	6 280.75	6 383.76	+40%	+26%	+2%

How it is calculated — revenue → costs → EBITDA → target market cap

1 · Reported baseline (LTM)
LTM revenue	41 617
LTM EBITDA	9 988
LTM cash costs (revenue − EBITDA)	31 630
2 · Revenue projection
Revenue multiplier — spot	×1.162 (+16%)
= Spot revenue	48 380
Revenue multiplier — 3y price	×0.912 (-9%)
= 3-year-price revenue	37 963
3 · Costs projection
Cost multiplier — spot	×1.040 (+4%)
= Spot cash costs	32 895
Cost multiplier — 3y price	×1.040 (+4%)
= 3-year-price cash costs	32 895
4 · EBITDA projection (revenue − costs)
= Spot EBITDA	15 485
= 3-year-price EBITDA	5 068
Conservative EBITDA = min(spot, avg)	10 277
5 · Valuation → target market cap
Historical EV/EBITDA (75th pct)	6.1x
Target EV = EV/EBITDA × conservative EBITDA	62 633
Net debt	1 170
Target market cap = EV − net debt	61 463
Current market cap	100 030

Upside = target market cap ÷ current − 1 = -38.6%

Spot model vs reported — what the spot model projected (trailing-LTM base brought to the period × the period's commodity-price move) against the actual report, per reported period (quarter, half-year or full year — per the filer's calendar); amounts in USD mln. green = reported above projection, pink = below.

Period	Act. rev	Model rev	Δ rev	Act. EBITDA	Model EBITDA	Δ EBITDA
2023 FY	39 548	29 009	+36.3%	16 604	10 189	+63.0%
2024 FY	30 766	28 300	+8.7%	6 264	4 436	+41.2%
2025 FY	32 901	31 726	+3.7%	5 134	6 244	-17.8%

Revenue growth & acceleration

Growth accelerating ▲

Last-year revenue growth +7% vs -22% the year before — a +29.1 pp move. 3-year CAGR -1%.

revenue growth by year: 2023 +16% · 2024 -22% · 2025 +7%

The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — LTM vs projected

Projected EV/EBITDA 6.5x · target 75th pct (3y) 16.4x · LTM avg 12.0x

EV/EBITDA (LTM)EV/EBITDA (projected)target 75th pct (projected, 3y)

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-03-18	700 ZAR	Ex-dividend: 700 ZAR per share	Paid	Yahoo Finance (ex-div)
2025-09-17	200 ZAR	Ex-dividend: 200 ZAR per share	Paid	Yahoo Finance (ex-div)
2025-03-18	15 ZAR	Ex-dividend: 15 ZAR per share	Paid	Yahoo Finance (ex-div)
2024-09-18	70 ZAR	Ex-dividend: 70 ZAR per share	Paid	Yahoo Finance (ex-div)
2024-03-19	100 ZAR	Ex-dividend: 100 ZAR per share	Paid	Yahoo Finance (ex-div)
2023-09-13	600 ZAR	Ex-dividend: 600 ZAR per share	Paid	Yahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Northam Platinum (NPH) — from primary filings.

Northam Platinum is an independent integrated producer of platinum group metals, operating the Zondereinde, Booysendal and Eland mines in South Africa.

Northam Platinum (NPH) ZAR