Frontierby eninvs

Language: EN / RU

← Region

Sasol USD

Sasol is an integrated chemical and energy company that produces a wide range of products including fuels, lubricants, and chemical feedstocks from coal, gas, and oil. It also manufactures specialty chemicals for industries such as agriculture, construction, and mining.

At a glance: strengths & risks
✓Revenue growing (+9%)✓Profit growing (+80%)✓Low leverage (0.4x EBITDA)

Sector: Energy / Chemicals

ZA_SOL

Price chart

233 ZARDay 0.64%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
233 ZAR · 0.64%
Market cap
8.9 bn USD

Growth

Δ revenue y/y
27.1%
Δ EBITDA y/y
36.1%

Multiples

P/E (LTM)
12.0x
P/B (FY)
0.9x
P/E (ann.)
6.1x
EV/EBITDA (LTM)
9.7x
EV/EBITDA (ann.)
7.2x

Cash return

Dividend yield
—
FCF yield (LTM)
-211.4%

Liquidity

Daily turnover (listing)
17.5 mln ZAR

Shares: connector/market_inputs

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 USD, 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.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-06-30H2 2026 (6M)OK9.7
y/y 40.6%
1.9
y/y 51.9%
0.5
y/y 28.8%
2.4
y/y 46.8%
0.7
y/y 518.4%
1.5-12.322.2
y/y 9.9%
10.4
y/y 21.2%
7.5%24.6Link
2025-12-31H1 2026 (6M)OK6.9
y/y 3.2%
0.7
y/y -14.5%
0.4
y/y -9.2%
1.0
y/y -12.7%
0.0
y/y -94.6%
0.5-8.520.5
y/y 5.4%
9.5
y/y 17.3%
0.3%59.4Link
2025-06-30H2 2025 (6M)OK6.9
y/y -6.0%
1.3
y/y -5.1%
0.4
y/y -14.4%
1.6
y/y -7.3%
0.1
y/y 104.0%
1.3-10.420.2
y/y 0.9%
8.6
y/y 9.2%
4.4%-2.3Report (PDF)
2024-12-31H1 2025 (6M)OK6.7
y/y -10.9%
0.8
y/y -26.2%
0.4
y/y -4.7%
1.2
y/y -20.1%
0.3
y/y -52.3%
0.8-15.019.5
y/y -16.1%
8.1
y/y -26.4%
6.3%79.2Link
2024-06-30H2 2024 (6M)OK7.3
y/y —
1.3
y/y —
0.4
y/y —
1.8
y/y —
-2.9
y/y —
1.1-14.320.0
y/y -12.5%
7.9
y/y -24.5%
-25.3%72.3Link
2023-12-31H1 2024 (6M)OK7.5
y/y —
1.1
y/y —
0.4
y/y —
1.5
y/y —
0.5
y/y —
0.5-15.923.2
y/y —
11.0
y/y —
9.8%84.0Link
2023-06-30FY 2023 (12M)OK16.0
y/y —
2.6
y/y —
0.9
y/y —
3.5
y/y —
0.5
y/y —
2.0-30.922.9
y/y —
10.4
y/y —
—73.1Link

Net debt structure (leases included, IFRS 16) 2025-06-30

Short-term debt (incl. ST leases)0
Long-term debt (incl. LT leases)0
− Cash & equivalents2 308
Net debt-2 308

Net debt / LTM EBITDA: -0.7x

Revenue & EBITDA

RevenueEBITDA

Quarterly values (ZAR mln)

02 0004 0006 0008 00010 0002023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Year-over-year change

-40%-20%0%20%40%2023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Cash flow

FCF (ZAR mln)

-500-25002505007502023 H12023 H22024 H12024 H22025 H12025 H22026 H12026 H2

Net debt / cash (ZAR mln)

-20 000020 00040 00060 00080 0002023 H12023 FY2024 H12024 FY2025 H12025 FY2026 H12026 FY

Profit and cash

Profit is cash-backed
In a typical year of 2022–2026 operating cash flow came to 3.35x of reported net profit; after capex, 0.74x. Loss years (2024) are left out of the ratio.
year20222023202420252026
cash flow / profit1.03x4.03x—5.66x2.67x
accruals, % of assets-0.3%-6.1%-20.3%-8.8%-5.6%
Last twelve months (to 2026-06-30): 2.67x of profit came back as operating cash flow.
net debt / EBITDA 0.4x · capex 1.8x 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.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +9% vs -9% the year before — a +18.7 pp move. 3-year CAGR -2%.
revenue growth by year: 2024 -5% · 2025 -9% · 2026 +9%
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).

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2024-03-13200 ZAREx-dividend: 200 ZAR per sharePaidYahoo Finance (ex-div)
2023-09-131 000 ZAREx-dividend: 1 000 ZAR per sharePaidYahoo Finance (ex-div)
2023-03-08700 ZAREx-dividend: 700 ZAR per sharePaidYahoo Finance (ex-div)
2022-09-071 470 ZAREx-dividend: 1 470 ZAR per sharePaidYahoo 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).

Investor reporting (IR): https://www.sasol.com/investor-centre

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 Sasol — from primary filings.

Frequently asked questions

What is Sasol's P/E ratio?
Sasol trades at a P/E of 12.0x (price to trailing 12-month earnings).
What is Sasol's EV/EBITDA?
Sasol trades at 9.7x EV/EBITDA.
What is Sasol's P/B ratio?
Sasol trades at a P/B of 0.9x.
What is Sasol's return on equity (ROE)?
Sasol's ROE is 14.0%.
What is Sasol's market capitalization?
Sasol's market cap is 8.9 bn USD.

See also: South African Stocks (2026): Gold, Cheap Banks and the JSE Discount · The Cheapest Stocks in the World (2026): What Value Investing Says About Buying Cheap · global valuation map