Added to YB: 2025-06-27
Pitch date: 2025-06-25
THS.L [bullish]
Tharisa plc
+4%
current return
Author Info
No bio for this author
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 19.99
Price Target
2.83 (-86%)
Dividend
3.89%
EV/EBITDA
2.22
P/E
6.80
EV/Sales
0.49
Sector
Metals and Mining
Category
value
Tharisa plc - $THS.L
THS.L: SA chrome/PGM miner trades at £238.5M MC with £89M net cash. Avg annual income $60M (2015-2024), current est $100-150M. Building Karo mine in Zimbabwe (194K oz PGM/yr) at $391M capex, $260M remaining. PT 283p (3.6x current) based on 10x earnings + Karo NPV ($770.4M @ 12.9%). Strong insider ownership.
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