Added to YB: 2025-05-26
Pitch date: 2025-05-23
THS.L [neutral]
Tharisa plc
+43.31%
current return
Author Info
The Oak Bloke shares analysis of the UK stock market, particularly overlooked small caps. Sign up for the newsletter.
Company Info
Tharisa plc, an investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.
Market Cap
ZAR 343.0M
Pitch Price
ZAR 14.51
Price Target
108.00 (+419%)
Dividend
3.89%
EV/EBITDA
2.22
P/E
6.80
EV/Sales
0.49
Sector
Metals and Mining
Category
value
Painting THS-tle - Considering the 1H25 **ACTUAL** performance at Tharisa
THS.L (earnings update): Chrome rebounding ($300/t vs $232.5 model), PGM basket near upper case at $1,564. 1H25 profit -80% YoY but hitting expectations. Trading at 2.6-7.4x P/E, 68% discount to NAV. Karo development (65.59% owned) could double PGM output to 174koz/yr. Redox battery tech progressing to MW scale. $5M buyback + 1.5c div announced.
Read full article (5 min)